Enphase Energy Non-GAAP EPS of $1.47 beats by $0.20, revenue of $711.12M misses by $14.86M
Enphase Energy press release (NASDAQ:ENPH): Q2 Non-GAAP EPS of $1.47  beats by $0.20.
Revenue of $711.12M (+34.1% Y/Y)  misses by $14.86M.
Free cash flow of $225.2 million; ending cash, cash equivalents, and marketable securities of $1.8 billion.
The company's board has approved a new $1 billion share repurchase program, which may be discontinued or amended at any time and expires on July 26, 2026.


Q3 Outlook: Revenue to be within a range of $550.0 million to $600.0 million, which includes shipments of 80 to 100 megawatt hours of IQ Batteries
GAAP gross margin to be within a range of 41.0% to 44.0%, before net IRA benefit
Non-GAAP gross margin to be within a range of 42.0% to 45.0%, excluding stock-based compensation expense and acquisition related amortization and before net IRA benefit
Net IRA benefit to be within a range of $14.5 to $16.5 million based on estimated shipments of 600,000 units of U.S. manufactured microinverters
GAAP operating expenses to be within a range of $159.0 million to $163.0 million
Non-GAAP operating expenses to be within a range of $101.0 million to $105.0 million, excluding $58.0 million estimated for stock-based compensation expense and acquisition related expenses and amortization
GAAP and non-GAAP annualized effective tax rate with IRA benefit is expected to be within a range of 20.0% to 22.0%.
Shares -12.14%.