Enphase: This Might Be The Bottom

$800.0$726.0 $724.7$711.1 $700.0$634.7 $600.0$551.1 $530.$500.0 $400.0$302.6 $263.3$300.0 $200.0$100.0 $0.0 ol Q2 Q3 Q4 Quarterly operating expense % by year 35.0% 31.4% 28.6% 30.0% 25.0% 20.0% 18.0% 15.09 13.80% 15.0% 12.1% 10.0% 01 lQ2 Q3 Q4 2024 Q1 Presentation Quarterly revenue by year Quarterly gross margin % by year 55.0% 50.3% 50.0% 48.4% 43.8% 42.9% 45.0% 41.09 40.0% 35.0% 30.0% 25.0% 20.0% Q2 Q3 Q4 Q1 Quarterly operating income % by year 35.0% 32.4% 32.2% 30.6% 30.6% 31.7% 28.7 30.0% 26.09 ...