Enphase Energy ships record 1.6M Microinverters in Q4 

Enphase Energy, a global energy tech leader, announces Q4 2023 financial results where it posted Q4 2023 revenue of $302.6 million, with a 50.3% non-GAAP gross margin. They shipped 1,595,677 microinverters and 80.7 MW hours of IQ Batteries. In the same quarter, 913,000 microinverters made in the U.S. were sent out, anticipating a global capacity of 7.25 million microinverters per quarter once two U.S. sites reach full production. For Q1 2024, revenue is estimated between $260.0 million to $300.0 million, including 70 to 90 MWh of IQ Batteries. Net IRA benefit is projected between $12.0 to $14.0 million.