Q2 revenue beat expectations by $1.6M while non-GAAP EPS matched forecasts amid a 19.6% year-over-year drop.
Enphase Energy reported second-quarter revenue of $291.9M, exceeding estimates by $1.6M. The figure reflects a 19.6% decline from the same period last year.
Non-GAAP earnings per share came in at $0.46, aligning with analyst projections. The company provided financial guidance for the third quarter of 2026, outlining expectations for both GAAP and non-GAAP results.
Shares showed limited movement in after-hours trading as investors digested the mixed performance metrics.