Verified call record已核验电话会记录 · 2026-07-28

ENPH · Enphase Energy Q2 FY2026 earnings call record财报电话会记录

Verbatim, receipt-bound excerpts from the earnings-call transcript. This is a source record, not a synthesized analysis or recommendation.来自财报电话会文字记录的原文、可追溯摘录。这是来源记录，不是综合分析或推荐。

Continue in Terminal在终端继续研究ENPH

12 exact excerpts 条原文摘录 24 numeric receipts 个数值回执 B governed source tier 治理来源层级 Transcript present电话会文本已具备

The record记录内容

Call language, kept intact.电话会表述，保持原貌。

The excerpts below are selected from the source record under the bounded evidence policy. Wording is not paraphrased; numbers remain the exact spans captured from the call.以下摘录按受限证据策略从来源记录中选出。文字未被改写；数字保持电话会中捕获的精确片段。

performancecapital_allocation

“We reported quarterly revenue of $291.9 million, shipped 1.59 million microinverters and 113.8 megawatt hours of batteries, and generated free cash flow of $25.9 million.”

Badri Kothandaraman · CEOclaim_27e2d7dc2062b85557ef27a954e31f28

Exact numeric spans精确数值片段291.9 million1.59 million113.825.9

performancemargins

“On a GAAP basis, we delivered gross margin of 60%, operating expense of 42.3%, and operating income of 17.7%, all as a percentage of revenue.”

Badri Kothandaraman · CEOclaim_0830879527108d30b15439a3800446ec

Exact numeric spans精确数值片段60%42.3%17.7%

performancemargins

“On a non-GAAP basis, we delivered gross margin of 46.8%, operating expense of 27.3%, and operating income of 19.4%, all as a percentage of revenue.”

Badri Kothandaraman · CEOclaim_5375a2752e8087670eaf0a221239459d

Exact numeric spans精确数值片段46.8%27.3%19.4%

guidanceperformance

“We expect revenue of $290 million to $320 million, representing approximately 5% growth at the midpoint.”

Badri Kothandaraman · CEOclaim_cd015574b4aa0382bfe9a1b7c0db0df8

Exact numeric spans精确数值片段290 million320 million5%

marginsrisks

“GAAP gross margin was positively impacted by 15.6 percentage points for the IEEPA tariff refunds received.”

Mandy Yangclaim_54cc4ad7b45e6e5e87d67964ab4489c2

Exact numeric spans精确数值片段15.6

demand

“This included $108.3 million related to U.S.-made microinverters shipped to customers in 2024, and $85.2 million related to shipments in the first half of 2026.”

Mandy Yangclaim_10d66cc5d176266f9c1af2c1ed49df6a

Exact numeric spans精确数值片段108.3 million202485.2 million

marginsrisks

“Second quarter GAAP results were impacted by $52 million, of which $45.4 million was recognized as an increase to GAAP gross profit.”

Mandy Yangclaim_7d57e196c4a6bca69df6e373f4dfc8e6

Exact numeric spans精确数值片段52 million45.4 million

guidancemarginsrisks

“We expect GAAP gross margin to be within a range of 42%-45%, including approximately two percentage points of reciprocal tariff impact.”

Mandy Yangclaim_87c14c6060ec3b92df7bb11fb54c1ce0

Exact numeric spans精确数值片段42%-45%

guidancemarginsrisks

“We expect non-GAAP gross margin to be within a range of 44%-47%, including approximately two percentage points of reciprocal tariff impact.”

Mandy Yangclaim_c25e598bb078999cf15d288e7eb7f4b5

Exact numeric spans精确数值片段44%-47%

demandsegment_changesq_and_a

“NEM is going to go away, and the only way that customers, consumers can be protected is if they have self-consumption, which is solar plus storage.”

Badri Kothandaraman · CEOclaim_725c12323e3fe58b19203963559c518d

marginsrisksq_and_a

“We said because of reciprocal tariffs, we had approximately 5% gross margin impact.”

Badri Kothandaraman · CEOclaim_b7929c2ede9b5762ccad1c3c37214083

Exact numeric spans精确数值片段5%

demandsegment_changesq_and_a

“We don't usually break out volumes by region.”

Badri Kothandaraman · CEOclaim_b6d6948f5efcfedca5f2ccfe286aac0e

Inspect the source receipts检查来源回执36 bound spans个已绑定片段

Each row identifies the source body, transcript segment and byte span used to verify the visible text.每行标识用于核验可见文本的来源正文、电话会片段和字节范围。

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