Enphase reports Q3 2026 miss and cuts Q4 revenue guidance, shares tumble
Enphase Energy posted Q3 2026 revenue of $293.3 million, down about 29% year‑over‑year, and adjusted EPS of $0.41, missing consensus estimates. The company guided Q4 2026 revenue to $225 million‑$255 million, well below the roughly $300 million consensus, citing weaker U.S. residential solar demand and the expiration of the 25D tax credit. The earnings miss and weak outlook sent the stock down 15%‑20% in pre‑market and after‑hours trading.
Why it matters
Analysts responded by cutting price targets and downgrading the stock, with Oppenheimer moving to Perform and Morgan Stanley lowering its target to $16. The lower guidance signals reduced near‑term revenue and margin expectations for investors holding ENPH.
Key facts
- 1Q3 2026 revenue was $293.3 million investing.com
- 2Adjusted EPS for Q3 2026 was $0.41 per share investing.com
- 3Q4 2026 revenue guidance was $225 million‑$255 million investing.com
- 4Safe‑harbor sales contributed $85 million to Q3 revenue finance.yahoo.com
- 5GAAP operating margin fell to 2.2% of revenue finance.yahoo.com
- 6ENPH shares fell 15.8% in pre‑market trading after the release finance.yahoo.com
Summary written by AlphAI AI Desk from 20 of 21 sources. Not investment advice. Figures are as stated by the linked sources.