{"id":23193,"date":"2018-08-02T06:42:00","date_gmt":"2018-08-01T20:12:00","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=23193"},"modified":"2018-08-02T06:44:21","modified_gmt":"2018-08-01T20:14:21","slug":"enphase-energy-q2-mb0691","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-q2-mb0691\/","title":{"rendered":"Enphase Shipped 675,000 Microinverters In Q2"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-23194\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/enphase-financial-results.jpg\" alt=\"Enphase Energy Q2 2018 results\" width=\"700\" height=\"400\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/enphase-financial-results.jpg 700w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/enphase-financial-results-300x171.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>Enphase Energy, Inc. announced its financial results for the second quarter of 2018 yesterday that indicated microinverter shipments were well up on Q1.<!--more--><\/p>\n<p>Revenue for Q2 was USD $75.9 million, an increase of 8% over Q1, and an improvement of 2% year-over-year.<\/p>\n<p>The company&#8217;s non-GAAP[1.GAAP &#8211; Generally Accepted Accounting Principles] gross margin was 30.5% (26.5% in Q1), operating expenses were $19.0 million (up 7% on Q1) and Enphase exited the quarter with\u00a0 $58.5 million in cash, inventory of $17.5 million (lowest since 2014), non-GAAP operating income of $4.1 million and Non-GAAP net income of $1.6 million.<\/p>\n<blockquote><p>&#8220;In summary, we are pleased with our continued progress towards our 30-20-10 target operating model, which we expect to achieve in the fourth quarter of 2018,&#8221; <a href=\"http:\/\/newsroom.enphase.com\/releasedetail.cfm?ReleaseID=1073532\" target=\"_blank\" rel=\"noopener\">said<\/a> Enphase President and CEO, Badri Kothandaraman.<\/p><\/blockquote>\n<p>The &#8220;30-20-10&#8221; target refers to <span class=\"st\">30% gross margin, 20% OPEX (operating expenses), and 10% operating income.<\/span><\/p>\n<p>Among the highlights noted by Mr. Kothandaraman for the quarter was the availability of Enphase&#8217;s seventh-generation family of devices, the <a href=\"https:\/\/www.solarquotes.com.au\/blog\/enphase-iq7-microinverter-australia-mb0641\/\">IQ 7<\/a>, in markets including Australia and New Zealand. Also noted was the signing of a definitive agreement to <a href=\"https:\/\/www.solarquotes.com.au\/blog\/enphase-sunpower-solarbridge-mb0626\/\">buy SunPower\u2019s microinverter business<\/a>, which could result in <a href=\"https:\/\/www.solarquotes.com.au\/panels\/sunpower-review.html\">SunPower<\/a> AC solar panels finally being available in Australia (no word on that yet)<sup class='endnote'><a href='https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-q2-mb0691\/#en-23193-1' id='enref-23193-1' onclick='return hhEndnotes_show(23193)'>1<\/a><\/sup><\/p>\n<p>The company also began shipping its IQ 7X microinverters to solar distributors in the\u00a0U.S and we can expect to see this model on our own shores later this year.<\/p>\n<h2>Microinverter Shipments Up Nearly 10.5%<\/h2>\n<p>Enphase says it shipped 675,000 microinverters during the quarter (Q1: 611,000), representing 203 megawatts DC. Cumulative statistics from the company indicate 18 million <a href=\"https:\/\/www.solarquotes.com.au\/inverters\/enphase-review.html\"> Enphase microinverters<\/a> have been shipped globally to date and are being used in more than 780,000 solar installations. The company claims more than 3.9 billion kilowatt hours of electricity have been generated by systems using Enphase products. If you&#8217;re curious about this type of gadget, you can learn more about <a href=\"https:\/\/www.solarquotes.com.au\/inverters\/micro\/\">microinverters here<\/a>.<\/p>\n<p>This time last year, Enphase shares (NASDAQ: ENPH) closed the day at 96c. Today, they were trading at $5.59 at the time of writing, however, this was well down on a three-year high of $7.48 achieved on July 10.<\/p>\n<p>Badri Kothandaraman was appointed President and CEO of Enphase in September last year, taking over from Paul Nahi who resigned as President, CEO and as a member of the company\u2019s board of directors in early August 2017. Prior to joining Enphase, Mr. Kothandaraman spent a couple of decades <span class=\"article-body\">at Cypress Semiconductor.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enphase Energy, Inc. announced its financial results for the second quarter of 2018 yesterday that indicated microinverter shipments were well up on Q1.<\/p>\n","protected":false},"author":17,"featured_media":23194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-23193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Enphase Shipped 675,000 Microinverters In Q2 - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Enphase Energy, Inc. announced its financial results for the second quarter of 2018 yesterday that indicated microinverter shipments were well up on Q1.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-q2-mb0691\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enphase Shipped 675,000 Microinverters In Q2\" \/>\n<meta property=\"og:description\" content=\"Enphase Energy, Inc. announced its financial results for the second quarter of 2018 yesterday that indicated microinverter shipments were well up on Q1.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-q2-mb0691\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-01T20:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-01T20:14:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/enphase-financial-results.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/enphase-energy-q2-mb0691\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/enphase-energy-q2-mb0691\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Enphase Shipped 675,000 Microinverters In Q2\",\"datePublished\":\"2018-08-01T20:12:00+00:00\",\"dateModified\":\"2018-08-01T20:14:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/enphase-energy-q2-mb0691\\\/\"},\"wordCount\":415,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/enphase-energy-q2-mb0691\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/enphase-financial-results.jpg\",\"articleSection\":[\"General Solar &amp; 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GAAP\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy microinverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/enphase-microinverter-news.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":85396,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-q2-results-mb2971\/","url_meta":{"origin":23193,"position":1},"title":"Home Batteries Deliver Enphase A Brighter Quarter, But \u2026","author":"Michael Bloch","date":"July 25, 2024","format":false,"excerpt":"While the second quarter of 2024 was kinder to microinverter, battery and EV charger manufacturer Enphase Energy, revenue was still a far cry from the same period last year. Enphase had a pretty rough Q1, but CEO Badri Kothandaraman held hopes at the time of a turnaround; believing the company\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy results - Q2 2024","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/07\/enphase-results-q2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/07\/enphase-results-q2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/07\/enphase-results-q2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/07\/enphase-results-q2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/07\/enphase-results-q2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":19626,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-financials-mb0487\/","url_meta":{"origin":23193,"position":2},"title":"Enphase Energy Returns To Profitability","author":"Michael Bloch","date":"March 2, 2018","format":false,"excerpt":"After a rather rocky period, the sun appears to be shining again for U.S-based microinverter giant Enphase Energy. The company's return to profitability in Q4 has been described as a significant milestone. Enphase Energy's financial results for the fourth quarter of 2017 were announced a couple of days ago. During\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy - microinverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/enphase-energy-financials.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/enphase-energy-financials.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/enphase-energy-financials.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/enphase-energy-financials.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":52425,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-results-iq8-mb2095\/","url_meta":{"origin":23193,"position":3},"title":"Enphase Q2 Results And IQ8 Microinverter Update","author":"Michael Bloch","date":"July 29, 2021","format":false,"excerpt":"Microinverter and battery storage manufacturer Enphase Energy reported another pretty good quarter. But what the fans (well, this guy anyway) really want to know is\u00a0 - where the bloody hell is the IQ 8? In case you're also wondering what the bloody hell a microinverter is, check out this guide\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase results and IQ8 microinverter status","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/enphase-results-iq8.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":39590,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-energy-results-mb1515\/","url_meta":{"origin":23193,"position":4},"title":"Enphase Energy Announces Q1 2020 Financial Results","author":"Michael Bloch","date":"May 7, 2020","format":false,"excerpt":"Enphase announced its financial results for the first quarter of\u00a02020 yesterday, showing impressive revenue growth year-over-year. \"We are pleased to report $205 .5 million in the first quarter of 2020, along with an all-time record for gross margin, despite COVID-19,\" said\u00a0 President and CEO, Badri Kothandaraman. \"Our first quarter revenue\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy microinverter","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/enphase-microinverters.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/enphase-microinverters.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/enphase-microinverters.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/enphase-microinverters.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/enphase-microinverters.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":55361,"url":"https:\/\/www.solarquotes.com.au\/blog\/enphase-q3-2021-mb2213\/","url_meta":{"origin":23193,"position":5},"title":"Enphase Shipped 2.6 Million Microinverters In Q3","author":"Michael Bloch","date":"October 28, 2021","format":false,"excerpt":"Microinverter and battery manufacturer Enphase Energy's results for the third quarter of 2021 seem to have kept the company's fans (and shareholders) happy. For Q3 2021, Enphase reported record revenue of USD $351.5 million; significantly better than Q2's $316.05 million and well up on Q3 2020's $178.5 million. In Q3,\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Enphase Energy results - Q3 2021","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/enphase-q3-2021.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/23193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=23193"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/23193\/revisions"}],"predecessor-version":[{"id":23196,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/23193\/revisions\/23196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/23194"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=23193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=23193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=23193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}