Enphase Energy (NASDAQ:ENPH) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.33b (down 42% from FY 2023).
• Net income: US$102.7m (down 77% from FY 2023).
• Profit margin: 7.7% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.76 (down from US$3.22 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enphase Energy EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.

In the last 12 months, the only revenue segment was Design, Manufacture and Sale of Solutions for The Solar Photovoltaic Industry contributing US$1.33b. Notably, cost of sales worth US$701.2m amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$206.6m (38% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$12.2m. Explore how ENPH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 7.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Enphase Energy that you should be aware of before investing here.

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