Enphase Energy (ENPH) Tops Q2 EPS by 10c, Offers Guidance
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Enphase Energy (NASDAQ: ENPH) reported Q2 EPS of $0.53, $0.10 better than the analyst estimate of $0.43. Revenue for the quarter came in at $316.1 million versus the consensus estimate of $311 million.
GUIDANCE:
- Enphase Energy sees Q3 2021 revenue of $335-355 million, versus the consensus of $340.6 million.
- Revenue to be within a range of $335.0 million to $355.0 million, which includes shipments of 60 to 70 megawatt hours of Enphase Storage systems
- GAAP gross margin to be within a range of 37.0% to 40.0%; non-GAAP gross margin to be within a range of 38.0% to 41.0%, excluding stock-based compensation expenses
- GAAP operating expenses to be within a range of $105.0 million to $108.0 million, including $48.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization
- Non-GAAP operating expenses to be within a range of $57.0 million to $60.0 million, excluding $48.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization. The non-GAAP estimates include increased investments in new products, software, and marketing, and a $3.4 million accrual for post combination expenses from prior acquisition
For earnings history and earnings-related data on Enphase Energy (ENPH) click here.
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