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Enphase Energy reports Q1 2026 revenue of $282.9M with new AI data center transformer development.

Company Fundamentals
28 Apr 2026
GlobeNewsWire
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Enphase Energy announced Q1 2026 financial results with $282.9 million revenue and a 43.9% non-GAAP gross margin, despite a GAAP net loss of $7.4 million. The company shipped 1.41 million microinverters and 103.1 MWh of IQ Batteries, and revealed development of the IQ Solid-State Transformer for AI data centers. Revenue declined due to the expiration of U.S. federal clean energy tax credits and seasonality, but European sales grew 36%. Enphase expects Q2 revenue between $280M and $310M, continuing to expand its solar, battery, and energy management product lines.

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