Enphase Energy (ENPH) reported Q3 EPS of $1.25, $0.16 better than the analyst estimate of $1.09. Revenue for the quarter came in at $634.7 million versus the consensus estimate of $614.49 million.
GUIDANCE:
Enphase Energy sees Q4 2022 revenue of $680-720 million, versus the consensus of $660 million.
- Revenue to be within a range of $680 million to $720 million, which includes shipments of 120 to 135 megawatt hours of Enphase IQ Batteries
- GAAP gross margin to be within a range of 39.0% to 42.0%; non-GAAP gross margin to be within a range of 40.0% to 43.0%, excluding stock-based compensation expenses and acquisition related amortization
- GAAP operating expenses to be within a range of $152.0 million to $156.0 million
- Non-GAAP operating expenses to be within a range of $87.0 million to $91.0 million, excluding $65.0 million estimated for stock-based compensation expenses, restructuring charges for site consolidation, and acquisition related costs and amortization