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

Enphase Energy has reported Research & Development for 16 years, with the latest figure at $44.9 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development fell 10.58% year-over-year to $44.9 million; the trailing twelve-month figure through Mar 2026 stood at $183.8 million (down 6.85% YoY), and the FY2025 full-year result was $189.1 million, down 6.08% from the prior year.
• Research & Development for Q1 2026 stood at $44.9 million, down from $46.2 million in the prior quarter.
• The five-year high for Research & Development was $60.0 million in Q2 2023, with the low at $35.7 million in Q1 2022.
• Average Research & Development over 5 years is $48.9 million, with a median of $48.9 million recorded in 2024.
• Year-over-year, Research & Development surged 72.87% in 2022 and slipped 18.61% in 2024.
• Tracing ENPH's Research & Development over 5 years: stood at $49.7 million in 2022, then increased by 11.29% to $55.3 million in 2023, then slipped by 8.86% to $50.4 million in 2024, then dropped by 8.29% to $46.2 million in 2025, then slipped 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.

Peer Comparison