Enphase Energy (NASDAQ: ENPH) reported Q1 EPS of $0.56, $0.11 better than the analyst estimate of $0.45. Revenue for the quarter came in at $301.8 million versus the consensus estimate of $292.23 million.

GUIDANCE:

Enphase Energy sees Q2 2021 revenue of $300-320 million, versus the consensus of $320.9 million.

• 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 $70.0 million to $73.0 million, including $17.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization
• Non-GAAP operating expenses to be within a range of $53.0 million to $56.0 million, excluding $17.0 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 $3.5 million accrual for deferred consideration from the acquisitions.

For earnings history and earnings-related data on Enphase Energy (ENPH) click here.