Enphase Energy (ENPH) Capital Expenditures (2011 - 2026)
Enphase Energy (ENPH) posted Capital Expenditures of $14.4 million for Q2 2026, down 27.66% on a QoQ basis from $19.9 million in Q1 2026, and up 74.28% year-over-year from $8.3 million in Q2 2025.
Analysis
Enphase Energy (ENPH) Capital Expenditures (2011 - 2026) Analysis & Trends
Enphase Energy has reported Capital Expenditures for 16 years, with the latest figure at $14.4 million in Q2 2026.
- On a quarterly basis, Capital Expenditures rose 74.28% year-over-year to $14.4 million in Q2 2026; TTM through Jun 2026 was $52.1 million, a 31.93% increase from a year earlier, with the FY2025 full-year figure at $40.6 million, up 20.94% from the prior year.
- Capital Expenditures was $14.4 million for Q2 2026 at Enphase Energy, down from $19.9 million in the prior quarter.
- The five-year high for Capital Expenditures was $44.0 million in Q2 2023, with the low at $7.9 million in Q1 2024.
- Average Capital Expenditures over 5 years is $14.7 million, with a median of $11.1 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Capital Expenditures jumped 406.29% in 2023, then tumbled 79.3% in 2024.
- Over 5 years, Capital Expenditures stood at $16.4 million in 2022, then grew by 22.19% to $20.1 million in 2023, then sank by 59.83% to $8.1 million in 2024, then gained by 20.78% to $9.7 million in 2025, then surged by 47.78% to $14.4 million in 2026.
- The last three Capital Expenditures figures came in at $14.4 million (Q2 2026), $19.9 million (Q1 2026), and $9.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 110.25 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 15.90 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 14.39 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 101.10 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 7.02 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -171.84 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 7.63 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | -23.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.39 Mn |
| Mar 31, 2026 | 19.90 Mn |
| Dec 31, 2025 | 9.74 Mn |
| Sep 30, 2025 | 8.03 Mn |
| Jun 30, 2025 | 8.26 Mn |
| Mar 31, 2025 | 14.61 Mn |
| Dec 31, 2024 | 8.06 Mn |
| Sep 30, 2024 | 8.53 Mn |
| Jun 30, 2024 | 9.11 Mn |
| Mar 31, 2024 | 7.90 Mn |
| Dec 31, 2023 | 20.08 Mn |
| Sep 30, 2023 | 23.85 Mn |
| Jun 30, 2023 | 44.00 Mn |
| Mar 31, 2023 | 22.48 Mn |
| Dec 31, 2022 | 16.43 Mn |
| Sep 30, 2022 | 8.95 Mn |
| Jun 30, 2022 | 8.69 Mn |
| Mar 31, 2022 | 12.38 Mn |
| Dec 31, 2021 | 13.21 Mn |
| Sep 30, 2021 | 12.68 Mn |