Enphase Energy (ENPH) Research & Development (2011 - 2026)
Enphase Energy (ENPH) posted quarterly Research & Development of $45.7 million for Q2 2026, down 9.96% year-over-year from $50.7 million in Q2 2025, and down 5.05% quarter-over-quarter from $48.1 million in Q1 2026.
Enphase Energy (ENPH) Research & Development (2011 - 2026) Analysis & Trends
Enphase Energy's Research & Development history runs 16 years deep, the most recent figure standing at $45.7 million for Q2 2026.
- In Q2 2026, Research & Development fell 9.96% year-over-year to $45.7 million; the TTM figure through Jun 2026 stood at $191.6 million (down 5.32% YoY), while the FY2025 annual figure was $197.5 million, down 4.38% from the prior year.
- Research & Development for Q2 2026 stood at $45.7 million, down from $48.1 million in the prior quarter.
- The five-year high for Research & Development was $64.9 million in Q4 2022, with the low at $41.3 million in Q1 2022.
- The 5-year median for Research & Development is $51.8 million (2024), against an average of $52.7 million.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 109.44% in 2022, then slipped 17.72% in 2023.
- Enphase Energy's Research & Development stood at $64.9 million in 2022, then retreated by 17.72% to $53.4 million in 2023, then dropped by 3.01% to $51.8 million in 2024, then declined by 4.59% to $49.4 million in 2025, then retreated by 7.61% to $45.7 million in 2026.
- Business Quant data shows ENPH's Research & Development at $45.7 million in Q2 2026, $48.1 million in Q1 2026, and $49.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | - |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | -2.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 45.66 Mn |
| Mar 31, 2026 | 48.09 Mn |
| Dec 31, 2025 | 49.42 Mn |
| Sep 30, 2025 | 48.43 Mn |
| Jun 30, 2025 | 50.71 Mn |
| Mar 31, 2025 | 50.17 Mn |
| Dec 31, 2024 | 51.80 Mn |
| Sep 30, 2024 | 49.67 Mn |
| Jun 30, 2024 | 51.78 Mn |
| Mar 31, 2024 | 54.21 Mn |
| Dec 31, 2023 | 53.41 Mn |
| Sep 30, 2023 | 55.36 Mn |
| Jun 30, 2023 | 60.04 Mn |
| Mar 31, 2023 | 64.62 Mn |
| Dec 31, 2022 | 64.91 Mn |
| Sep 30, 2022 | 55.26 Mn |
| Jun 30, 2022 | 53.59 Mn |
| Mar 31, 2022 | 41.34 Mn |
| Dec 31, 2021 | 44.47 Mn |
| Sep 30, 2021 | 39.30 Mn |