Enphase Energy, Inc. revenue

Enphase Energy, Inc.'s revenue was $1.47bn in fiscal 2025, up 10.7% on the year before. Since fiscal 2010 ($61.7m) it has grown at a compound 23.6% a year. Over the last twelve months it was $1.21bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Enphase Energy, Inc.: revenue history, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	62	150	217	233	344	357	323	286	316	624	774	1,382	2,331	2,291	1,330	1,473	1,211
Growth on the year before	—	+142.5%	+44.9%	+7.5%	+47.7%	+3.9%	−9.7%	−11.3%	+10.5%	+97.5%	+24.0%	+78.5%	+68.7%	−1.7%	−41.9%	+10.7%	—
Gross profit	7	29	55	67	113	108	58	56	94	221	346	554	975	1,058	629	687	555
Gross margin	10.5%	19.4%	25.5%	29.0%	32.9%	30.3%	18.0%	19.6%	29.9%	35.4%	44.7%	40.1%	41.8%	46.2%	47.3%	46.6%	45.8%

US$ millions unless shown otherwise. Fiscal quarters.

Enphase Energy, Inc.: revenue history, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	383	356	363	410	343	283	292	293
Growth on the same quarter a year before	—	—	—	—	−10.3%	−20.6%	−19.6%	−28.5%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025

Geography
Region	Revenue	Share	YoY
United States	$1.2B	80.7%	▲ 27.2%
International	$284M	19.3%	▼ 28.2%

From Enphase Energy, Inc.'s 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Semiconductors: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Enphase Energy, Inc.	$1.21bn	-19.9%	-23.6%
Astera Labs, Inc.	$1.20bn	98.5%	—
Synaptics Inc	$1.20bn	11.4%	-4.0%
Array Technologies, Inc.	$1.19bn	1.2%	-13.0%
Macom Technology Solutions Holdings, Inc.	$1.16bn	28.4%	19.8%
Semtech Corp	$1.09bn	14.2%	11.3%

Compare with peers

Head to head: ALAB vs ENPH ENPH vs SYNA ARRY vs ENPH

More: Semiconductors stocks compared, Technology sector, rankings of US companies

Figures from Enphase Energy, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Enphase Energy, Inc.