thanks for across a our afternoon, strong customers revenue XXXX $XXX.X from demand discuss our board. Good us had strong reported quarter. We of Financial the We the joining million, to pretty today reflecting Quarter and Second Results.
demand we While able in later call. better to continued outstrip provide in update available supply supply the to support capacity were to I customers. QX, increase our a will the
margin million. quarter XX.X% $XX.X Our gross and non-GAAP in non-GAAP our the second operating income was was
form basis to were gross fees Our fees margin XXX negatively shipments The made to our related service expedite by in impacted of the expedite points due component air shortages. was to customers.
to continued strengthening with with included certain net convertible lot notes sheet. convertible the repurchase due of balance make of quarter the a proceeds $XXX.X and XXXX. exchange We a balance second million due We $XXX progress million, cash in notes issuance XXXX exited senior approximately the and associated which of of our of
results greater solid better a few than call. later new our a target means obvious We our execution we but percentage. into model, would will gross more operating going certainly XX-XX-XX. doing whether a about the to in the Eric detail approximate question we're lot model our financial exited XX% like It XX-XX-XX. that and possibility in belt. that quarters -- is base XX% is we we expense reset operating with go will numbers future, non-GAAP approximately QX consider a all of The margin, under This income, are most given XX% financial
doing perceive business, how of now customers about us. talk ease Let's
Score Our Net in XX% in was Promoter North America. QX
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are was to We our in happy as 'XX. program homeowners XX% the report of QX NPS upgrade given by for this
to mobile We paying our improving attention part apps as more customer overall of our are experience.
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about talk let's Now tariffs.
As previously due stated, we tariffs shared cost customers. with the to our increases
China; in XXX Mexico, the in to a global recognized by months of factory was later started Flex manufacturing to exact as comprehensive worked process. were quickly exact our We we Section IQ delays. from what audits. our ramping called as tariffs delivery. working microinverters with are qualification X our all The way primarily Mexico couple late due factory mitigate We in process process in capacity process shipments out outgoing but copy this get to We expanding for The copy the reliability best addition through was and improving well to well it's than steps. of a shipping Flex XXX increasing what two copy anticipated, steps to Flex Mexico executed QX. monitors This the exactly
the corrected issues. rapidly have We
started on now saw underway; release from Flextronics X Mexico. you that have July shipping the are press stated well we We
ramp in headcount continue as another to our take to three expect of this production operations we as as Mexico We streamline quarters in factory. years the well terms two to
regions. let's the Now go to
QX. international XX% in XX%, Our and and QX and U.S. for XX% to compared XX% mix was respectively,
across was in sequentially year-on-year, to U.S. revenue the the quarter strong XXX% up up and Our board. XX% second demand due
included revenue XXS IQ shipments microinverters Our XAS and volume SunPower also to planned. our as of U.S. IQ
inventory ramped Europe, markets, region in our sequentially levels. unique X supply customer In in IQ solar us due new quarter year-on-year. and to scalable normal service the replenish helped particularly as Netherlands as residential up as to France remains XX% build the channel up strong Europe system small for European markets and QX up was The to to our offers advantages in second demand Europe. increasing revenue XX% its architecture. to increases well very and
quarter APAC, down and was sequentially XX% up our In second XX% revenue year-on-year.
under in are We and region the our for sales hired our rebuilding teams leader storage newly Australia. solar
year-on-year. X% up quarter XX% revenue sequentially, but down In Latin America, our second was
to in America about opportunities growth We bullish with be the continue Ensemble. Latin
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revenue to QX call. will customers, safe strategy safe Our provide first intrinsic the in for from address Eric our is harbor the our demand all demand. the followed outlook harbor by later of
let's supply. discuss Now
the in has component supply shortages the Our limited quarters, high-voltage past by been primarily FETs.
output rapidly contracts our key multiple signed qualified increasing been have suppliers, microinverter and have quarter-on-quarter. We
meet We customer our have capacity ensuring have demand. focused on now we manufacturing to sufficient
approximately of beyond the to We ramp track a X quarter of fourth are million microinverters and in capacity on XXXX. to
Next, would long-term to words like few I say our strategy. about a
solar As company. on Enphase you company home a transforming energy working know, systems to we are from microinverter a systems management
components; or in about this of transformation are consumption four energy storage, energy gears terms We they services. four energy generation, thinking are and
generation, is XX% QX, energy product of IQ modules. business of XX% core gear, our today. shipments The gear the in from of and family the microinverters our of our microinverter is Approximately first in The from up this which X the latest family, AC IQ in were part consists X QX.
called product latest high-power our XA, XXX the a released modules in for IQ family we announced, previously watts to IQ targeted up AC. microinverter X As
modules year. track for XX XA later We North of IQ America microinverters on are general the in for cell availability this
AC up installation business modules ramp now time. The as cost, SunPower We for continued forward. value reduce usual logistics that largely AC been to it's And while with going create module planned. as speeding completed is
progress Europe. a XXX have installers adopted date. from Energized in also Enphase than ACMs more of the U.S. our partners are and with been in steady Solaria Panasonic, partners making by this few module We as
X,XXX Off-grid $XXX,XXX to We're we off-grid microinverter requirements IQ QX. shipped completion partner come in the meet a to me our and product. development We to agreement more final our shipment delivering requirements under our approximately nearing milestone few for our in receive payment. and have to the Let expect solution increased before final X joint the of pure partner QX microinverter
which gear, second our discuss is now storage. energy Let's
primarily which hours. We hour Encharge is modularity will by growth. in play plan fourth offer battery, a X.X while solution. release to of is modular scalability, focused storage the major ease a of North storage quarter enabled in streamline our allows and expect installation, of Encharge in on our the Storage role The battery America. revenue and to flexibility near-term chain. for XXXX, residential Ensemble X.X-kilowatt capacities helping X.X-kilowatt The supply X.X solution hour to the XX-kilowatt We
the our energy provide aggregate Enlighten provide at currently both an We gear, Combiner will consumption. and and report reporting to products customers Box third manage ship through ability their consumption, measurement measure, that Our products and level.
consumption with time in and level. software fine-grained release manner, a to level both to new expect advance breaker a as We as capabilities manage over at hardware an appliance well products
these coming quarters. provide in We details of will the products
worldwide, solar services. addition and of The fourth services. approximately and XXX,XXX systems software upgrades potential many storage, final product gear existing base including more opportunities, installed in for The to is than represents
upgrade system our learned base generate to and legacy have this which installers. to installed Ensemble product service network revenue learning storage plan the potential on a extensions, monitoring, X.X advanced from of upgrades Enlighten our introduce There lot new are and have several also features to such We APIs, our warranty We as through streams. build homeowner program.
about talking more will the in of start We upcoming these quarters.
review quality the to focused our second doing providing on a Eric? are business that, are we demand, with customer short-term, the ease year. laser Ensemble meet for results. With increased chain the ramping summary, this financial In turn three his experience will objectives: and X.X I progress of our overall of customer we In delivering call through to in superior and pleased the quarter. Eric over later supply
