Enphase Energy (ENPH) Capital Expenditures (2011 - 2026)
Enphase Energy (ENPH) posted quarterly Capital Expenditures of $14.4 million for Q2 2026, up 74.28% year-over-year from $8.3 million in Q2 2025, and down 27.66% quarter-over-quarter from $19.9 million in Q1 2026.
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 $14.4 million for Q2 2026.
- In Q2 2026, Capital Expenditures rose 74.28% year-over-year to $14.4 million; the TTM figure through Jun 2026 stood at $52.1 million (up 31.93% YoY), while the FY2025 annual figure was $40.6 million, up 20.94% from the prior year.
- Capital Expenditures for Q2 2026 stood at $14.4 million, 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.
- The 5-year median for Capital Expenditures is $11.1 million (2022), against an average of $14.7 million.
- The sharpest annual moves came in 2023 and 2024: Capital Expenditures surged 406.29% in 2023, then tumbled 79.3% in 2024.
- Enphase Energy's Capital Expenditures stood at $16.4 million in 2022, then advanced by 22.19% to $20.1 million in 2023, then sank by 59.83% to $8.1 million in 2024, then increased by 20.78% to $9.7 million in 2025, then soared by 47.78% to $14.4 million in 2026.
- Business Quant data shows ENPH's Capital Expenditures at $14.4 million in Q2 2026, $19.9 million in Q1 2026, and $9.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.02 Bn | 21.29 Bn | 605.00 Mn | 110.25 Mn |
| 2 | Nextpower | 13.01 Bn | 11.80 Bn | 335.85 Mn | 15.90 Mn |
| 3 | Enphase Energy | 5.08 Bn | 4.14 Bn | 175.01 Mn | 14.39 Mn |
| 4 | Sunrun | 2.18 Bn | 2.18 Bn | 527.54 Mn | 4.29 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.17 Bn | 49.53 Mn | 7.02 Mn |
| 7 | Canadian Solar | 981.42 Mn | -606.86 Mn | 124.40 Mn | -266.38 Mn |
| 8 | JinkoSolar Holding | 834.26 Mn | -2.47 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 7.63 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -4.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.39 Mn |
| Jun 30, 2026 | 14.39 Mn |
| Mar 31, 2026 | 19.90 Mn |
| Mar 31, 2026 | 19.90 Mn |
| Dec 31, 2025 | 9.74 Mn |
| Dec 31, 2025 | 9.74 Mn |
| Sep 30, 2025 | 8.03 Mn |
| Sep 30, 2025 | 8.03 Mn |
| Jun 30, 2025 | 8.26 Mn |
| Jun 30, 2025 | 8.26 Mn |
| Mar 31, 2025 | 14.61 Mn |
| Mar 31, 2025 | 14.61 Mn |
| Dec 31, 2024 | 8.06 Mn |
| Dec 31, 2024 | 8.06 Mn |
| Sep 30, 2024 | 8.53 Mn |
| Sep 30, 2024 | 8.53 Mn |
| Jun 30, 2024 | 9.11 Mn |
| Jun 30, 2024 | 9.11 Mn |
| Mar 31, 2024 | 7.90 Mn |
| Mar 31, 2024 | 7.90 Mn |