Enphase Energy Non-GAAP EPS of $1.51 beats by $0.25, revenue of $724.65M beats by $21.49M
Enphase Energy press release (NASDAQ:ENPH): Q4 Non-GAAP EPS of $1.51  beats by $0.25.
Revenue of $724.65M (+75.6% Y/Y)  beats by $21.49M.
Shares +5.6%.
Free cash flow of $237.3 million; ending cash, cash equivalents, and marketable securities of $1.61 billion

For the first quarter of 2023, Enphase Energy estimates both GAAP and non-GAAP financial results as follows:

Revenue to be within a range of $700 million to $740 million ($682.3M consensus), which includes shipments of 100 to 120 megawatt hours of Enphase IQ Batteries
GAAP gross margin to be within a range of 40.0% to 43.0%; non-GAAP gross margin to be within a range of 41.0% to 44.0%, excluding stock-based compensation expense and acquisition related amortization
GAAP operating expenses to be within a range of $177.0 million to $181.0 million
Non-GAAP operating expenses to be within a range of $100.0 million to $104.0 million, excluding $77.0 million estimated for stock-based compensation expense, restructuring charges for site consolidation, and acquisition related expenses and amortization
GAAP and non-GAAP annualized effective tax rate is expected to be within a range of 20.0% to 24.0%