Enphase Energy Moves: From Gallium Nitride Tech to Global Takeover Plans!

Enphase Energy recently released its Q3 2025 financial results, revealing a blend of promising advancements and emerging challenges. The company showcased robust revenue growth, reaching $410.4 million, marking the highest level in two years. This was driven by the shipment of 1.77 million microinverters and a record 195 megawatt-hours of batteries. Nonetheless, the financial quarter experienced elevated channel inventory for the newly introduced fourth-generation battery, while microinverter inventory stabilized. According to the management, gross margins surpassed expectations at 49%, with operating expenses and income maintaining strong percentages of revenue, enhanced by net IRA benefits. The free cash flow stood at a relatively modest $5.9 million, revealing room for improvement in cash generation. The geographical revenue mix exposed some regional disparities, highlighting an 85% concentration in the U.S., with European operations facing a more challenging market environment. Enphase’s U.S.