Enphase Energy, Inc.

Filing receipts

“The decrease was primarily due to actions in connection with the restructuring initiatives implemented at the beginning of 2026 that lowered personnel-related expenses as a result of moving certain functions to more cost efficient regions and leveraging advanced artificial intelligence tools.”

“Other Income, Net Three Months Ended March 31, Change in 2026 2025 $ % (In thousands, except percentages) Interest income $ 12,625 $ 17,032 $ (4,407) (26) % Interest expense (633) (2,047) 1,414 (69) % Other income (expense), net 3,791 (14) 3,805 (27,179) % Total other income, net $ 15,783 $ 14,971 $ 812 5 % Interest income of $12.6 million decreased in the three months ended March 31, 2026, as compared to $17.0 million in the three months ended March 31, 2025, primarily due to lower average cash, cash equivalents and marketable securities, and lower interest rates.”

“Three Months Ended March 31, Change in 2026 2025 $ % (In thousands, except percentages) Cash, cash equivalents and marketable securities $ 930,641 $ 1,531,870 $ (601,229) (39) % Total debt $ 572,510 $ 1,201,891 $ (629,381) (52) % Our cash, cash equivalents and marketable securities decreased by $601.2 million from March 31, 2025 to March 31, 2026, primarily due to payoff of the Notes due 2026, repurchases of common stock pursuant to our share repurchase program, investments in private and public companies, issuance of loan receivables and payments of withholding taxes related to net share settlement of equity awards, partially offset by cash generated from operations and the sale of AMPTC w...”