Enphase Energy (ENPH) Tops Q2 EPS by 3c

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Go back to Enphase Energy (ENPH) Tops Q2 EPS by 3c

Enphase Energy Reports Financial Results for the Second Quarter of 2020

August 4, 2020 4:05 PM EDT

FREMONT, Calif., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the worlds leading supplier of solar microinverters, announced today financial results for the second quarter of 2020, which included the summary below from its President and CEO, Badri Kothandaraman.

We reported revenue of $125.5 million in the second quarter of 2020, along with a record 39.6% for non-GAAP gross margin. Our second quarter revenue decreased 39% sequentially, or 22% sequentially, excluding the impact of $44.5 million of safe harbor revenue in the first quarter of 2020. We shipped approximately 355 megawatts DC, or... More