Enphase Energy (ENPH) Change in Inventory (2011 - 2026)
Enphase Energy (ENPH) posted Change in Inventory of -$5.7 million for Q2 2026, down 313.98% on a QoQ basis from $2.7 million in Q1 2026, and down 119.59% year-over-year from $29.0 million in Q2 2025.
Analysis
Enphase Energy (ENPH) Change in Inventory (2011 - 2026) Analysis & Trends
Enphase Energy has reported Change in Inventory for 16 years, with the latest figure at -$5.7 million in Q2 2026.
- On a quarterly basis, Change in Inventory fell 119.59% year-over-year to -$5.7 million in Q2 2026; TTM through Jun 2026 was $112.0 million, a 3769.92% increase from a year earlier, with the FY2025 full-year figure at $123.0 million, up 353.22% from the prior year.
- Change in Inventory was -$5.7 million for Q2 2026 at Enphase Energy, down from $2.7 million in the prior quarter.
- The five-year high for Change in Inventory was $99.4 million in Q4 2025, with the low at -$31.8 million in Q2 2024.
- Average Change in Inventory over 5 years is $11.7 million, with a median of $7.1 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Change in Inventory tumbled 766.9% in 2024, then soared 1511.72% in 2025.
- Over 5 years, Change in Inventory stood at $3.2 million in 2022, then surged by 1125.36% to $39.5 million in 2023, then sank by 84.38% to $6.2 million in 2024, then jumped by 1511.72% to $99.4 million in 2025, then sank by 105.71% to -$5.7 million in 2026.
- The last three Change in Inventory figures came in at -$5.7 million (Q2 2026), $2.7 million (Q1 2026), and $99.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 162.14 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | -5.68 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -3.12 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 99.83 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 27.45 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | - |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.68 Mn |
| Mar 31, 2026 | 2.65 Mn |
| Dec 31, 2025 | 99.40 Mn |
| Sep 30, 2025 | 15.64 Mn |
| Jun 30, 2025 | 28.99 Mn |
| Mar 31, 2025 | -20.98 Mn |
| Dec 31, 2024 | 6.17 Mn |
| Sep 30, 2024 | -17.23 Mn |
| Jun 30, 2024 | -31.83 Mn |
| Mar 31, 2024 | -5.70 Mn |
| Dec 31, 2023 | 39.48 Mn |
| Sep 30, 2023 | 8.00 Mn |
| Jun 30, 2023 | 15.55 Mn |
| Mar 31, 2023 | 855,000.00 |
| Dec 31, 2022 | 3.22 Mn |
| Sep 30, 2022 | 16.19 Mn |
| Jun 30, 2022 | 33.83 Mn |
| Mar 31, 2022 | 22.04 Mn |
| Dec 31, 2021 | 5.62 Mn |
| Sep 30, 2021 | 27.65 Mn |