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Enphase Energy Q3 2023 earnings misses expectations

Revenue to be between $300M and $350M, including shipments of 80-100MWh IQ Batteries. Illustrated by SolarBytes.
  • Third quarter revenue decreased to $551.1 million from $711.1 million in Q2.
  • Non-GAAP operating income decreased 27% in Q3 2023 to $167.6 million.
  • IQ8 Microinverters accounted for 86% of Q3 2023 microinverter shipments.
  • IQ Battery shipments rose to 86.2 MWh in Q3 2023, up from 82.3 MWh in Q2 2023.
SourceEnphase Energy
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