Executive readout · one minute
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ENPH
$33.12
+0.92%
ENPH
· Enphase Energy, Inc.
$33.12
+0.30 (+0.92%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$4.27B
Shares
131.80M
Volume · Oct 1
5.09M
Avg daily vol (3M)
4.5M
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Earnings call · FY2023 Q4
Enphase Energy, Inc. (ENPH) Q4 2023 Earnings Call
Forward guidance
7 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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Revenue · derived Q4
$302.57M
-58.2% YoY
Gross margin · derived Q4
48.5%
+5.6 pp YoY
Net income · derived Q4
$20.92M
-86.4% YoY
Research materials
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Forward guidance
From the 8-K filed Feb 6, 2024.
| Metric | Period | Guided | Basis | Actual |
|---|---|---|---|---|
|
Revenue
Initiated
first quarter of 2024
|
$260M – $300M | — | $263.34M within | |
|
GAAP gross margin
Initiated
first quarter of 2024
|
42% – 45% | GAAP | — | |
|
Non-GAAP gross margin with net IRA benefit
Initiated
first quarter of 2024
|
44% – 47% | Non-GAAP | — | |
|
Non-GAAP gross margin excluding net IRA benefit
Initiated
first quarter of 2024
|
40% – 43% | Non-GAAP | — | |
|
Net IRA benefit
Initiated
first quarter of 2024
|
$12M – $14M | Non-GAAP | — | |
|
GAAP operating expenses
Initiated
first quarter of 2024
|
$144M – $148M | GAAP | — | |
|
Non-GAAP operating expenses
Initiated
first quarter of 2024
|
$80M – $84M | Non-GAAP | — |
Quarter detail
How the reported period landed and where the business moved.
SEC filing · Item 2.02
8-K earnings release
Filed Feb 6, 2024 · complete as-filed document
SEC periodic report
10-K report
Filed Feb 9, 2024 · complete as-filed document