Enphase Energy (NASDAQ:ENPH) reported Q2 non-GAAP diluted earnings per share of $1.47, up from $1.07 a year earlier.
Analysts polled by Capital IQ expected a normalized EPS of $1.27.
Revenue for the quarter ended June 30 was $711.1 million, up from $530.2 million a year ago.
Analysts surveyed by Capital IQ expected $726 million.
The company has authorized an additional $1 billion share buyback program that expires on July 26, 2026.
For Q3, the company expects revenue in the range of $550 million to $600 million versus the Street’s estimates of $743.6 million