Enphase Energy (ENPH) Research & Development (2011 - 2026)

Enphase Energy's Research & Development history runs 16 years deep, the most recent figure standing at $44.9 million for Q1 2026.

• In Q1 2026, Research & Development fell 10.58% year-over-year to $44.9 million; the TTM figure through Mar 2026 stood at $183.8 million (down 6.85% YoY), while the FY2025 annual figure was $189.1 million, down 6.08% from the prior year.
• Research & Development was $44.9 million for Q1 2026 at Enphase Energy, down from $46.2 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $60.0 million in Q2 2023 to a low of $35.7 million in Q1 2022.
• Historically, Research & Development has averaged $48.9 million across 5 years, with a median of $48.9 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Research & Development soared 72.87% in 2022, then retreated 18.61% in 2024.
• A 5-year view of Research & Development shows it stood at $49.7 million in 2022, then grew by 11.29% to $55.3 million in 2023, then decreased by 8.86% to $50.4 million in 2024, then slipped by 8.29% to $46.2 million in 2025, then decreased by 2.91% to $44.9 million in 2026.
• The last three Research & Development figures came in at $44.9 million (Q1 2026), $46.2 million (Q4 2025), and $47.3 million (Q3 2025), per Business Quant data.