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Tuesday, April 30, 2019

Enphase Energy (ENPH) reported earnings on Tue 30 Apr 2019 (a/h)

** charts before earnings **



** charts after earnings **

Enphase Energy beats by $0.03, beats on revs; guides Q2 revs above consensus
  • Reports Q1 (Mar) earnings of $0.08 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.05; revenues rose 43.1% year/year to $100.15 mln vs the $92.26 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for Q2, sees Q2 revs of $115 -125 mln vs. $96.42 mln S&P Capital IQ Consensus; GAAP and non-GAAP gross margin to be within a range of 32% to 35%; Non-GAAP operating expenses to be within a range of $21.0 million to $23.0 million.
  • "We experienced component shortages which constrained our revenue in Q1'19. The capacity we paid for in May 2018 came online in Q1'19. We expect to get additional supply from our multi-year agreements for high-voltage power transistors; some of this supply is expected in Q2'19 and most of it is expected in the second half of 2019."

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