Enphase Energy, Inc. provided earnings guidance for the fourth quarter of 2022. For the fourth quarter of 2022, the company estimates both GAAP and non-GAAP financial results as follows: Revenue to be within a range of $680 million to $720 million, which includes shipments of 120 to 135 megawatt hours of Enphase IQ Batteries. GAAP gross margin to be within a range of 39.0% to 42.0%; non-GAAP gross margin to be within a range of 40.0% to 43.0%, excluding stock-based compensation expenses and acquisition related amortization.
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