Filing Flows › Enphase Energy (ENPH) › Gross margin
Enphase Energy (ENPH) gross margin by quarter
Enphase Energy's gross margin was 60.0% in Q2 2026 (second quarter 2026), +15.7 pts from Q4 2025. Over the last 5 quarters it ranged from 44.3% (Q4 2025) to 60.0% (Q2 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 60.0% | +15.7 pts | +13.0 pts |
| Q4 2025 | 44.3% | -3.5 pts | — |
| Q3 2025 | 47.8% | +0.9 pts | — |
| Q2 2025 | 46.9% | -0.3 pts | — |
| Q1 2025 | 47.2% | — | — |
Q2 2026 at a glance
Enphase Energy, Q2 2026: revenue $292M (-20% year over year), operating margin 17.7%, net earnings $36.1M, operating cash flow $40.3M. The chart follows the revenue to costs, profit and cash.
Questions
What is Enphase Energy's gross margin?
Enphase Energy's gross margin was 60.0% in Q2 2026 (second quarter 2026), +15.7 pts from Q4 2025.
How has Enphase Energy's gross margin changed?
Over the last 5 quarters it ranged from 44.3% (Q4 2025) to 60.0% (Q2 2026).