Filing Flows › Enphase Energy (ENPH) › Q3 2026 › vs Q2 2026
Enphase Energy (ENPH) Q3 2026 vs Q2 2026 (quarter over quarter)
Enphase Energy's revenue rose $1.5M (+0.5%) from $292M in Q2 2026 to $293M in Q3 2026.
Enphase Energy, Q3 2026: revenue $293M (-28% year over year), operating margin 2.2%, net earnings $23.4M, operating cash flow $90K. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $293M | $292M | $1.5M | +0.5% |
| Income tax benefit | $27.0M | −$25.8M | $52.8M | — |
| Costs & expenses | $320M | $302M | $18.1M | +6% |
| Operating costs | $287M | $240M | $46.5M | +19% |
| Interest & other, net | $10.0M | −$10.4M | $20.4M | — |
| Net earnings | $23.4M | $36.1M | −$12.7M | -35% |
| Cost of revenue | $166M | $117M | $49.4M | +42% |
| Research & development | $45.2M | $45.7M | −$459K | -1% |
| Sales & marketing | $45.1M | $45.5M | −$435K | -1% |
| General & admin | $30.4M | $31.3M | −$939K | -3% |
| Operating cash sources | $86.5M | $99.8M | −$13.3M | -13% |
| Depreciation & amortization | $20.1M | $20.2M | −$91K | -0.5% |
| Share-based compensation | $43.0M | $43.6M | −$511K | -1% |
| Working capital & other | $86.4M | $59.5M | $26.9M | +45% |
| Operating cash flow | $90K | $40.3M | −$40.2M | -100% |
| Capital expenditures | $11.5M | $14.4M | −$2.9M | -20% |
| Negative free cash flow (OCF − capex) | $11.4M | −$25.9M | $37.3M | — |
Questions
How much did Enphase Energy's revenue grow quarter over quarter in Q3 2026?
Enphase Energy's revenue rose $1.5M (+0.5%) from $292M in Q2 2026 to $293M in Q3 2026.