Enphase Energy reported first-quarter revenue of $356.1 million, missing the consensus estimate of $361.43 million. The solar company reported adjusted earnings of 68 cents per share, missing analyst estimates of 70 cents per share, according to Benzinga Pro. U.S. revenue decreased approximately 13% quarter-over-quarter due to seasonality and “softening” U.S. demand. Enphase expects second-quarter revenue of $340 million to $380 million. The company anticipates a second-quarter gross margin of 44% to 47% on an adjusted basis. The gross margin guidance includes approximately two percentage points of new tariff impacts.
