US Stocks Move: Enphase up nearly 2% pre-market as Q2 revenue slightly exceeds expectations and profit margin improves significantly

Enclave July 29｜Enphase shares rose nearly 2% in pre-market, priced at $36.9. Enphase announced results for the second quarter of fiscal 2026. Revenue reached $291.9 million, down 19.6% year-on-year, but slightly higher than analysts' estimate of $290.2 million by 0.6%. Adjusted earnings per share were $0.46, fully in line with market expectations. The company expects third quarter revenue to be about $305 million, consistent with analysts. Operating profit margin increased from 10.2% in the same period last year to 17.7%, and free cash flow margin rose from 5.1% to 8.9%. This quarter's sales volume grew 12.1% year-on-year. Despite short-term pressure, the company's compound annual growth rate of revenue over the past five years was 4.6%. Over the past two years, annual revenue declined by an average of 3.3%, and unit sales fell by an average of 5.8%, with revenue mainly supported by price increases.