Enphase Energy (ENPH) Misses Q2 EPS by 3c; Guides Q3 Revs

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Go back to Enphase Energy (ENPH) Misses Q2 EPS by 3c; Guides Q3 Revs

Enphase Energy Reports Financial Results for the Second Quarter of 2016

August 2, 2016 4:06 PM EDT

PETALUMA, Calif., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the second quarter ended June 30, 2016.

Enphase Energy reported total revenue for the second quarter of 2016 of $79.2 million, an increase of 24 percent compared to the first quarter of 2016. During the second quarter of 2016, Enphase sold 186MW (AC) or 796,000 microinverters, which is an increase in MW of 30 percent compared to the first quarter of 2016. GAAP gross margin for the second quarter of 2016 was 17.9 percent and non-GAAP gross margin was 18.2 percent. GAAP operating expenses for... More