Enphase Energy (NASDAQ:ENPH) Releases Earnings Results, Misses Expectations By $0.10 EPS

Posted by Stanley Muller on Oct 27th, 2026

Enphase Energy (NASDAQ:ENPH – Get Free Report) posted its quarterly earnings data on Tuesday. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10), FiscalAI reports. The firm had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $304.59 million. Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%.

Enphase Energy Stock Performance

Shares of ENPH stock traded down $0.60 during midday trading on Tuesday, hitting $29.76. The company had a trading volume of 15,255,421 shares, compared to its average volume of 6,354,208. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 29.76 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.45 and a quick ratio of 2.95. The company’s 50 day simple moving average is $34.58 and its 200 day simple moving average is $41.14. Enphase Energy has a 52-week low of $25.77 and a 52-week high of $73.74.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $40.36, for a total value of $60,540.00. Following the completion of the sale, the director owned 10,422 shares in the company, valued at $420,631.92. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company’s stock.

Enphase Energy News Roundup

Here are the key news stories impacting Enphase Energy this week:

Positive Sentiment: Enphase reported a successful demonstration of its IQ Solid-State Transformer, converting 13.8 kV AC to 800 V DC. The technology could support high-power applications such as AI data centers, though it remains under development. Enphase IQ Solid-State Transformer demonstration
Positive Sentiment: Goldman Sachs reaffirmed its Buy rating and $47 price target, citing progress in gallium-nitride bidirectional switches and Enphase’s AI-focused solid-state transformer strategy. Goldman Sachs rating
Positive Sentiment: Enphase and Infineon announced 900-volt GaN bidirectional switch devices for Enphase solid-state transformer modules, strengthening the company’s positioning in power systems for AI data centers. Enphase and Infineon GaN devices announcement
Neutral Sentiment: Analyst expectations remain widely divided: Goldman’s $47 target contrasts with a GLJ Research Sell rating and a reduced $21.49 target, indicating substantial uncertainty about Enphase’s valuation and outlook.
Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of $293.33 million also missed expectations of $304.59 million. The earnings and revenue shortfalls are the clearest near-term catalysts weighing on ENPH. Enphase third-quarter 2026 results

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Enphase Energy from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Citigroup dropped their price objective on shares of Enphase Energy from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Mizuho reduced their price objective on shares of Enphase Energy from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Barclays decreased their price objective on shares of Enphase Energy from $50.00 to $44.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 target price on shares of Enphase Energy in a research note on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and an average target price of $42.98.

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Enphase Energy Company Profile

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Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.