Enphase Energy reported first-quarter revenue of $356.1 million, missing the consensus estimate of $361.43 million. The solar company reported adjusted earnings of 68 cents per share, missing analyst estimates of 70 cents per share, according to Benzinga Pro. U.S. revenue decreased approximately 13% quarter-over-quarter due to seasonality and “softening” U.S. demand. Enphase expects second-quarter revenue of $340 million to $380 million. The company anticipates a second-quarter gross margin of 44% to 47% on an adjusted basis. The gross margin guidance includes approximately two percentage points of new tariff impacts.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Enphase Energy reported first quarter revenue of $356.1 million,
00:07missing a consensus estimate of $361.43 million.
00:10Solar Company reported just earnings of 68 cents per share,
00:13missing analyst estimates of 70 cents per share, according to Benzinga.
00:17U.S. revenue decreased approximately 13% on a quarter-over-quarter basis
00:21due to seasonality and softening U.S. demand.
00:24Enphase expects second quarter revenue of $340 million to $380 million.
00:28The company anticipates a second quarter gross margin of 44% to 47% on an adjusted basis.
00:34Gross margin guidance includes approximately 2 percentage points of new tariff impacts.
00:38For all things money, visit Benzinga.com slash GSTV.