U.S.-based microinverter and battery storage supplier Enphase Energy reported a revenue of $363.2 million in the second quarter (Q2) of the financial year (FY) 2025, up from $303.5 million in Q2 FY 2024, a 19.6% increase. The company’s U.S. revenue increased by approximately 3% quarter-over-quarter, largely driven by seasonal demand.