Enphase Energy (ENPH) Operating Income (2011 - 2026)

Enphase Energy's Operating Income history runs 16 years deep, the most recent figure standing at -$29.6 million for Q1 2026.

• In Q1 2026, Operating Income fell 192.86% year-over-year to -$29.6 million; the TTM figure through Mar 2026 stood at $96.0 million (down 30.62% YoY), while the FY2025 annual figure was $157.5 million, up 103.81% from the prior year.
• Operating Income was -$29.6 million for Q1 2026 at Enphase Energy, down from $22.4 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $170.3 million in Q2 2023 to a low of -$29.6 million in Q1 2026.
• Historically, Operating Income has averaged $64.7 million across 5 years, with a median of $54.8 million in 2024.
• The sharpest annual moves came in 2025 and 2026: Operating Income soared 1957.09% in 2025, then sank 192.86% in 2026.
• A 5-year view of Operating Income shows it stood at $157.0 million in 2022, then tumbled by 106.52% to -$10.2 million in 2023, then jumped by 635.67% to $54.8 million in 2024, then sank by 59.06% to $22.4 million in 2025, then slumped by 232.11% to -$29.6 million in 2026.
• The last three Operating Income figures came in at -$29.6 million (Q1 2026), $22.4 million (Q4 2025), and $66.2 million (Q3 2025), per Business Quant data.