Enphase Energy Reports Financial Results for the Second Quarter of 2024

We reported quarterly revenue of $303.5 million in the second quarter of 2024, along with 47.1% for nonGAAP gross margin. We shipped 1,402,602 microinverters, or approximately 608.3 megawatts DC, and 120.2 megawatt hours of IQ® Batteries. (In thousands, except per share and percentage data) We exited the second quarter of 2024 with$ 1.65 billion in cash, cash equivalents, and marketable securities and generated $127.0 million in cash flow from operations in the second quarter of 2024. Our capital expenditur ...