Enphase Energy (NASDAQ:ENPH) Q2 Non-GAAP EPS, Revenue Gain; Authorizes $1 Billion Share Buyback Plan
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