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.

• On a quarterly basis, Operating Income fell 192.86% year-over-year to -$29.6 million in Q1 2026; TTM through Mar 2026 was $96.0 million, a 30.62% decrease from a year earlier, with the FY2025 full-year figure at $157.5 million, up 103.81% from the prior year.
• Operating Income declined to -$29.6 million in Q1 2026 per ENPH's latest filing, from $22.4 million in the prior quarter.
• Across five years, Operating Income topped out at $170.3 million in Q2 2023 and bottomed at -$29.6 million in Q1 2026.
• The 5-year median for Operating Income is $54.8 million (2024), against an average of $64.7 million.
• Across the five-year window, Operating Income surged 1957.09% in 2025 and sank 192.86% in 2026, its largest moves.
• Year by year, Operating Income stood at $157.0 million in 2022, then sank by 106.52% to -$10.2 million in 2023, then jumped by 635.67% to $54.8 million in 2024, then tumbled by 59.06% to $22.4 million in 2025, then plunged by 232.11% to -$29.6 million in 2026.
• Per Business Quant, the three latest ENPH Operating Income figures stand at -$29.6 million (Q1 2026), $22.4 million (Q4 2025), and $66.2 million (Q3 2025).