Description
Enphase Energy’s Propel Rollout Gains Momentum as Installer Count Jumps Fivefold!
Enphase Energy reported first-quarter 2026 revenue of $282.9 million, shipping 1.41 million microinverters and 103 megawatt hours of batteries, and generating $83 million in free cash flow. The quarter included $34.5 million of safe harbor revenue, and the company exited the quarter with above-normal channel inventory levels for both microinverters and batteries. On a non-GAAP basis, Enphase delivered a gross margin of 44%, operating expenses at 26.6% of revenue, and operating income of 16.7%. Customer experience metrics improved, with a record Net Promoter Score of 82% and reduced call wait times. The company began a limited rollout of its AI Assistant to homeowners and plans to pilot a similar solution for installers, aiming to improve customer service and operational efficiency. Regionally, U.S. revenue declined 23% sequentially due to reduced residential solar and battery demand following the expiration of certain tax credits, along with seasonality. However, U.S.
