Enphase Energy, based in California, develops microinverters that convert the direct current of individual solar panels into grid power. It also offers battery storage, chargers for electric cars and software for controlling the system. Customers are mainly homeowners, reached through installers. As of Oct 16, 2026
As of Oct 16, 2026Fact sheet (from the annual report)Semiconductors (chips) · Fremont, USAfull fact sheet
Enphase Energy is a global energy technology company founded in March 2006. It develops, manufactures and sells home energy systems that combine power generation, storage and control on one platform. Its core is microinverters that convert the power at each individual solar panel; in addition there are batteries, load controllers and chargers for electric cars. Customers are mainly solar distributors that supply installers; Enphase also supplies large installers, equipment makers and strategic partners directly. A single customer accounted for a large share of revenue in 2025, and most of the revenue came from the United States. The company has some of its products assembled and tested by contract manufacturers such as Flex, Salcomp and Sunwoda.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
The price of ENPH is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
Buy zone: the old high up to 1 ATR above it (retest). Stop: 1.5 ATR below the old high. Targets: 3 and 5 ATR above the old high.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Enphase Energy · Sector Technology · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 17, 2026.
In short
Light green: Revenue grew over 5 years (+13.7% per year), at least as fast as the sector median.
Light yellow: Net income (total) grew over 5 years (+5.1% per year), more slowly than the sector median; per share +6.3% per year.
Light yellow: Net margin 11.7%, below the sector median (12.5%).
Light yellow: Debt higher than usual in the sector.
Light red: Profit in 7 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−1B01B2B3B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 322.6M USD · Net income −67.5M USD · Net margin −20.9%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 286.2M USD · Net income −45.2M USD · Net margin −15.8%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 316.2M USD · Net income −11.6M USD · Net margin −3.7%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 624.3M USD · Net income 161.1M USD · Net margin 25.8%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 774.4M USD · Net income 134.0M USD · Net margin 17.3%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 1.4B USD · Net income 145.4M USD · Net margin 10.5%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 2.3B USD · Net income 397.4M USD · Net margin 17.0%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 2.3B USD · Net income 438.9M USD · Net margin 19.2%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 1.3B USD · Net income 102.7M USD · Net margin 7.7%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 1.5B USD · Net income 172.1M USD · Net margin 11.7%
Margin
−21%−16%−4%26%17%11%17%19%8%12%
RevenueNet incomeNet margin (below)in USD
−200M0200M400M600M800M
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Revenue 711.1M USD · Net income 157.2M USD · Net margin 22.1%
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 551.1M USD · Net income 114.0M USD · Net margin 20.7%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 302.6M USD · Net income 20.9M USD · Net margin 6.9% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 263.3M USD · Net income −16.1M USD · Net margin −6.1%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 303.5M USD · Net income 10.8M USD · Net margin 3.6%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 380.9M USD · Net income 45.8M USD · Net margin 12.0%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 382.7M USD · Net income 62.2M USD · Net margin 16.2% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 356.1M USD · Net income 29.7M USD · Net margin 8.3%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 363.2M USD · Net income 37.1M USD · Net margin 10.2%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 410.4M USD · Net income 66.6M USD · Net margin 16.2%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 343.3M USD · Net income 38.7M USD · Net margin 11.3% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 282.9M USD · Net income −7.4M USD · Net margin −2.6%
Margin
22%21%7%−6%4%12%16%8%10%16%11%−3%
Earnings per shareUSD per share
−1.0001.002.003.004.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share not available
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share −0.54 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share −0.12 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 1.23 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 0.95 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 1.02 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 2.77 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 3.08 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 0.75 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 1.29 USD
Earnings per shareUSD per share
−0.5000.501.001.50
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Earnings per share 1.09 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −0.06 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 1.5B USD · Net income 172.1M USD · Net margin 11.7%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+13.7%per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it grew by 13.7% per year on average – at least as fast as the median company in the sector (+13.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+5.1%per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: +6.3% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 5.1% per year on average, but more slowly than the median company in the sector (+13.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 11.69 USD remained as profit – less than the median company in the sector (12.5%). Five years ago the margin was 17.3%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light yellow: higher than sector
0.52latest balance sheet
Sector Technology: median 0.46 (65 symbols)
What does this mean? For every 1 USD of equity there is 0.52 USD of financial debt – more than the median company in the sector (0.46). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 3 loss years
7 of 10fiscal years with a profit
What does this mean? In 7 of the last 10 fiscal years the bottom line showed a profit. 3 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
1.5B USD
Revenue vs. prior year
+10.7%
Net income (FY)
172.1M USD
Net income vs. prior year
+67.7%
EPS (FY)
1.29 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 17, 2026 · Balance sheet Mar 31, 2026 (filed Apr 28, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
1.5B
172.1M
11.7%
1.29
–
–
2024
Dec 31, 2024
1.3B
102.7M
7.7%
0.75
–
–
2023
Dec 31, 2023
2.3B
438.9M
19.2%
3.08
–
–
2022
Dec 31, 2022
2.3B
397.4M
17.0%
2.77
–
–
2021
Dec 31, 2021
1.4B
145.4M
10.5%
1.02
–
–
2020
Dec 31, 2020
774.4M
134.0M
17.3%
0.95
–
–
2019
Dec 31, 2019
624.3M
161.1M
25.8%
1.23
–
–
2018
Dec 31, 2018
316.2M
−11.6M
−3.7%
−0.12
–
–
2017
Dec 31, 2017
286.2M
−45.2M
−15.8%
−0.54
–
–
2016
Dec 31, 2016
322.6M
−67.5M
−20.9%
–
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q1/26
Mar 31, 2026
282.9M
−7.4M
−2.6%
−0.06
–
–
Q4/25*
Dec 31, 2025
343.3M
38.7M
11.3%
–
–
–
Q3/25
Sep 30, 2025
410.4M
66.6M
16.2%
0.50
–
–
Q2/25
Jun 30, 2025
363.2M
37.1M
10.2%
0.28
–
–
Q1/25
Mar 31, 2025
356.1M
29.7M
8.3%
0.22
–
–
Q4/24*
Dec 31, 2024
382.7M
62.2M
16.2%
–
–
–
Q3/24
Sep 30, 2024
380.9M
45.8M
12.0%
0.33
–
–
Q2/24
Jun 30, 2024
303.5M
10.8M
3.6%
0.08
–
–
Q1/24
Mar 31, 2024
263.3M
−16.1M
−6.1%
−0.12
–
–
Q4/23*
Dec 31, 2023
302.6M
20.9M
6.9%
–
–
–
Q3/23
Sep 30, 2023
551.1M
114.0M
20.7%
0.80
–
–
Q2/23
Jun 30, 2023
711.1M
157.2M
22.1%
1.09
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -100
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows-20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)30.0
Rel. strength 60 d−25.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
Enphase Energy and Infineon Announce World’s First 900 V GaN Bidirectional Switch Devices for AI Data Center Solid-State TransformersYahoo Finance · Oct 26, 13:00
Enphase Energy and Infineon Announce World’s First 900 V GaN Bidirectional Switch Devices for AI Data Center Solid-State TransformersFinnhub · Yahoo · Oct 26, 13:00