Enphase Energy (ENPH) Capital Expenditures (2011 - 2026)

Enphase Energy (ENPH) recorded quarterly Capital Expenditures of $12.0 million in Q1 2026, down 66.25% quarter-over-quarter from $35.7 million in Q4 2025, and up 186.28% on a YoY basis from $4.2 million in Q1 2025.

Enphase Energy (ENPH) Capital Expenditures (2011 - 2026) Analysis & Trends

Enphase Energy's Capital Expenditures history runs 16 years deep, the most recent figure standing at $12.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures rose 186.28% year-over-year to $12.0 million; the TTM figure through Mar 2026 stood at $48.5 million (up 59.25% YoY), while the FY2025 annual figure was $40.6 million, up 20.94% from the prior year.
  • Capital Expenditures was $12.0 million for Q1 2026 at Enphase Energy, down from $35.7 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $94.2 million in Q4 2023 to a low of -$2.4 million in Q2 2024.
  • Historically, Capital Expenditures has averaged $14.3 million across 5 years, with a median of $4.4 million in 2022.
  • Biggest YoY gain for Capital Expenditures was 6409.83% in 2022; the steepest drop was 108.23% in 2022.
  • A 5-year view of Capital Expenditures shows it stood at $41.1 million in 2022, then surged by 129.37% to $94.2 million in 2023, then sank by 70.41% to $27.9 million in 2024, then grew by 27.99% to $35.7 million in 2025, then sank by 66.25% to $12.0 million in 2026.
  • The last three Capital Expenditures figures came in at $12.0 million (Q1 2026), $35.7 million (Q4 2025), and $392000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 118.53 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 48.11 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 12.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 26.16 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 409,000.00
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 329,000.00
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 7.51 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 209,000.00
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 12.04 Mn
Mar 31, 2026 12.04 Mn
Dec 31, 2025 35.69 Mn
Dec 31, 2025 35.69 Mn
Sep 30, 2025 392,000.00
Sep 30, 2025 392,000.00
Jun 30, 2025 353,000.00
Jun 30, 2025 353,000.00
Mar 31, 2025 4.21 Mn
Mar 31, 2025 4.21 Mn
Dec 31, 2024 27.88 Mn
Dec 31, 2024 27.88 Mn
Sep 30, 2024 714,000.00
Sep 30, 2024 714,000.00
Jun 30, 2024 -2.36 Mn
Jun 30, 2024 -2.36 Mn
Mar 31, 2024 7.37 Mn
Mar 31, 2024 7.37 Mn
Dec 31, 2023 94.22 Mn
Dec 31, 2023 94.22 Mn