NASDAQ$ENPH
Enphase Energy Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Announced financial results for the first quarter of 2021.
Enphase Energy reported Q1 2021 revenue of $301.8 million with a non-GAAP gross margin of 41.1%. The company shipped approximately 830 MW DC, equivalent to 2,452,765 microinverters. Enphase also acquired Sofdesk, Inc. and the Solar Design Services business of DIN Engineering Services, LLP to accelerate digital transformation.
- Reported quarterly revenue of $301.8 million.
- Non-GAAP gross margin was 41.1%.
- Shipped approximately 830 MW DC, or 2,452,765 microinverters.
- Acquired Sofdesk, Inc. and the Solar Design Services business of DIN Engineering Services, LLP.
Headline financials
Revenue & EPS history
Enphase · Revenue · Quarterly
$302M
Forward guidance
For the second quarter of 2021, Enphase Energy estimates revenue to be within a range of $300.0 million to $320.0 million and GAAP gross margin to be within a range of 37.0% to 40.0%; non-GAAP gross margin to be within a range of 38.0% to 41.0%, excluding stock-based compensation expenses.
Tailwinds
- Revenue to be within a range of $300.0 million to $320.0 million
- GAAP gross margin to be within a range of 37.0% to 40.0%
- Non-GAAP gross margin to be within a range of 38.0% to 41.0%, excluding stock-based compensation expenses
- GAAP operating expenses to be within a range of $70.0 million to $73.0 million, including $17.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization
- Non-GAAP operating expenses to be within a range of $53.0 million to $56.0 million, excluding $17.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+2.5%
Avg return
Earnings day
+5.0%
Avg return
5 days after
+14.3%
Avg return
30 days after
52%
29 / 56 earnings
Positive
+39.3%
Q4 2019
Best reaction
-33.2%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +34.8% | +15.5% | +118.7% | |
| Q1 2026 | +4.5% | -5.2% | +98.9% | |
| Q3 2025 | -15.2% | -19.6% | -21.4% | |
| Q1 2025 | -15.6% | -13.0% | -25.8% | |
| Q4 2024 | -1.5% | -4.8% | -7.0% | |
| Q3 2024 | -13.2% | -7.3% | -29.7% | |
| Q2 2024 | +11.6% | +13.9% | +10.3% | |
| Q1 2024 | -3.0% | +1.3% | +6.3% | |
| Q4 2023 | +20.2% | +25.2% | +32.6% | |
| Q3 2023 | -13.0% | -15.7% | +6.2% | |
| Q2 2023 | -11.0% | -13.3% | -28.4% | |
| Q1 2023 | -27.1% | -26.9% | -26.7% | |
| Q4 2022 | -1.8% | -4.9% | -3.2% | |
| Q3 2022 | +15.2% | +20.5% | +24.7% | |
| Q2 2022 | +16.6% | +30.0% | +37.2% | |
| Q1 2022 | +5.1% | +2.4% | +13.4% | |
| Q4 2021 | +15.0% | +3.5% | +27.0% | |
| Q3 2021 | +20.5% | +29.1% | +42.2% | |
| Q2 2021 | +2.7% | +7.3% | -2.4% | |
| Q1 2021 | -14.9% | -19.3% | -17.6% | |
| Q4 2020 | +2.1% | +4.4% | -16.4% | |
| Q3 2020 | -0.8% | -5.4% | +34.1% | |
| Q2 2020 | +22.5% | +19.0% | +10.8% | |
| Q1 2020 | +19.8% | +30.2% | +17.4% | |
| Q4 2019 | +39.3% | +43.8% | -36.1% | |
| Q3 2019 | -26.3% | -26.0% | -9.4% | |
| Q2 2019 | +32.8% | +37.4% | +46.9% | |
| Q1 2019 | +27.1% | +35.5% | +54.5% | |
| Q4 2018 | +10.0% | +12.9% | +12.7% | |
| Q3 2018 | +4.6% | +3.2% | +8.9% | |
| Q2 2018 | -1.6% | -5.6% | -17.1% | |
| Q1 2018 | +11.6% | +3.6% | +38.1% | |
| Q4 2017 | +23.9% | +28.0% | +70.5% | |
| Q3 2017 | +17.4% | +32.2% | +87.9% | |
| Q2 2017 | +6.7% | -5.7% | +49.4% | |
| Q1 2017 | -9.4% | -29.1% | -32.5% | |
| Q4 2016 | -15.3% | -22.6% | -28.9% | |
| Q3 2016 | +17.0% | +17.0% | +11.0% | |
| Q2 2016 | -1.1% | +4.4% | +0.6% | |
| Q1 2016 | -18.0% | — | — | |
| Q4 2015 | -10.4% | — | — | |
| Q3 2015 | -33.2% | — | — | |
| Q2 2015 | +27.6% | — | — | |
| Q1 2015 | -12.8% | — | — | |
| Q4 2014 | -7.2% | — | — | |
| Q3 2014 | -18.8% | — | — | |
| Q2 2014 | +13.8% | — | — | |
| Q1 2014 | +7.3% | — | — | |
| Q4 2013 | +10.5% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | -9.1% | — | — | |
| Q1 2013 | -5.2% | — | — | |
| Q4 2012 | +5.4% | — | — | |
| Q3 2012 | -12.8% | — | — | |
| Q2 2012 | -8.2% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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