What do you guys make of the earnings report of Enphase?

Financial highlights for the fourth quarter of 2021 are listed below.

Record revenue of $412.7 million

GAAP gross margin of 39.6%; non-GAAP gross margin of 40.2%

GAAP operating income of $57.7 million; non-GAAP operating income of $97.7 million

GAAP net income of $52.6 million; non-GAAP net income of $102.8 million

GAAP diluted earnings per share of $0.37; non-GAAP diluted earnings per share of $0.73

Cash flow from operations of $97.2 million

Ending cash, cash equivalents and marketable securities balance of $1.0 billion after completing $300.0 million of common stock repurchases in December 2021



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