hours revenue operating discuss into financials We income, our on batteries, for XXXX and basis. free joining Good margin, had results. flow XX% of percentage $XXX X.X operating and shipped all were QX cash generated the XX% revenue QX afternoon, will in our IQX. approximately reported million, call. gross a XXX-megawatts $XXX.X as XX% microinverters a microinverter financial XX% our decent million exited and us of today go of expense We later QX you to Approximately quarter. of at and a shipments of non-GAAP million. We Mandy thank
how servicing now customers. discuss are we Let's
worldwide Promoter QX. to was compared XX% Score in in Net XX% QX Our
XX% Our QX. XX% North American NPS to in was compared
Our QX. minutes average was call wait X.X to compared minutes time X.X in
We are our to of improving enhance issues business experience. focusing route on cost fixes processes rapidly and customer customer
Let's microinverter about talk manufacturing.
overall X quarterly supply the Flex major Our manufacturing million is now. approximately at shortages in environment We capacity no Romania to microinverters. are our bringing quarter, stable. began quite There right first
business going customers we for Our rapidly growing many to European is and have forward. do able and be that us local asked will manufacturing,
to come Let's manufacturing. US
of bring As help and quarter, jobs. creation Inflation the the IRA, we discussed new back economy Reduction last through will high-tech manufacturing US stimulate to Act,
We manufacturing are global different lines XXXX. million overall capacity a our adding bringing microinverters of microinverters partners, opening capacity with quarter exit XX as manufacturing million per we quarter, X.X three per to
We two one and QX. manufacturing in expect begin partner QX to in remaining with US with the
Let's cover the regions. now
respectively. In worse QX in XX%, US, X% and decreased international seasonality due of seasonality for the sequentially The compared and increased year-on-year. and to QX to our XX% and the XX%. conditions was revenue mix US our sequentially Our microinverters XX% XX% of typical QX, sell-through revenue decreased macroeconomic than
the while go call. the end details later elevated. a at inventory the into channel of was little storage was channel microinverter I'll inventory QX Our relatively normal, in
increased revenue than our year-on-year. Europe, tripled more and In sequentially XX%
XX%. over margin Our Europe healthy, is non-GAAP quite gross
that in is to our sell-through an reached point of Another Europe note all-time QX. high the microinverters in
Portugal. and shipping France, now into are IQ microinverters We Spain Netherlands,
batteries just we Austria to recently In to started France, IQ Belgium, shipping Netherlands, and addition Germany and Switzerland.
year-on-year. XX% X% on some comments quarter-on-quarter America, Brazil. decreased In revenue Australia Let and Latin more Latin America, provide brief and than me increased
Australia revenue while than X% revenue doubled. Our quarter-on-quarter, Brazil our in in more increased
We are prioritizing expanding and products. market big the growing we are the rapidly Brazil. team given new size, And in very
color me products therefore of relevant product the installers Let have is representation a large talk sell-through the healthy followed our distributors trends. products of in additional to from business for usually share installers. recognize some when market to us installers. our revenue our from provide to US statistics and Since distributors. buy We on Most about are distributors our US, we the meaningful by It a we ship the Europe. of
this As call, microinverters QX was lesser I XX% our to sell-through on in in the of said compared earlier US QX.
due in sell-through QX NEM impact to than was compensated QX. more the in only early There California lesser but in for than X% weather some QX, the Our was rush X.X it.
have advantage -- for environment took laser focused three on are NEM built and the and expanding looking clarity to rate We a high NEM up believe next demand. crews the the stockholders they're installers for accelerate backlog of cash four aren't X.X rush the to when clarity X.X due on installation, their to interest months. the flow solar California their
was Sell-through of mainly QX, California installers solar. in our batteries focused as lesser to compared in QX on XX%
plus trend continue we strong X.X see to months. and next a NEM California this storage. the to that, as expect demand for net positive expect After We four three for resume for to solar
in Arizona. that rest states of even QX the and the the XX% observed non-California sell-through Florida was with microinverters as utility to in in QX. compared We was cover of rates Texas, states such lower sell-through low Let's lesser The US.
the non-California states, QX QX. compared worsened of due sell-through loan sell-through Coming to to US financing In a Northeast The has was in the interest rising in in IQ better. states lesser performance economics rates. little was XX% these the to Batteries,
US some base discuss briefly customer and our trends of health in the Let's financing.
Tier rates X sell-through long tail installers installers. higher and to shows compared data for QX Our X
the originators rapid the last delayed third, reduction in and year; dealer Our calls the of as challenges: the loans from installers, fees, rate MX low dealer selling APR from industry key it, payments. low second payment in selling loan with over three general, are navigating first, the is rates interest with market fees; switch increase high or
the for demand positive loans loans the Let's to discuss low challenges. market move The rate We about see and dealer and as remained third industry. APR a the second high strong. fee for
capital not higher buy financing. rate providers now who were sales a to their loans rate practices are able for are solar Installers offering below environment. New interest market adjusting
We and available are of long-tail seeing of We regardless new -- market also tail. for the lease the both focus on providers servicing be entering long-tail mix installers capital the loan lease. long will with think for
for originators reduced forcing and to cash working is installers a installers efficient. On payments, after installation. them the more MX of a percentage the become challenge the greater creates time providing to are and at contract This signing less loan capital
QX seasonally adjust microinverters reality, situation installers stronger the and the this should more. help to in compared the and is As incrementally expect to we new sell-through QX batteries even to QX. of improve
Let's come to Europe.
European Our business doing is very well.
We compared expect QX growth QX. to healthy revenue in
growing IQX the to many plan introduce market. in the and countries business year. more faster is than batteries We IQ Our microinverters into much Europe throughout
is differentiated combined our and Our quality management energy high great experience. value with systems customer home proposition
the The chargers with in are bills reduced from electricity will this Enphase integrating into products quarter. solar to storage latest self-consumption System, systems. heat our pumps via in to is Enphase app. due third-party the network Energy We our This benefit addition Enphase having EV and starting increased acquisition, help Networks Home plus Germany homeowners control to GreenCom
the and of I Let's company that products. talk say products, new the coming time. in in XXXX internally about is year it's new good
are third-generation IQX in this America Australia In battery will launch also North ready the to We Australia, getting our microinverters. and IQ we quarter. launch
rate our five-kilowatt modularity discussed, and I compared of to battery by through ability hours IQ the the exporting The of the a X.X a the double batteries. appropriate into previously discharging generate has revenue battery As will higher generation beneficial triple be NEM and prior of continuous the grid for in and third-generation time. peak power to charging systems California delivers its uniquely at
battery third-generation easy is very In commission. addition, to and install our
third-generation in currently select are customers. deliver our experience about are and about are installers the and Australia to these we to excited in US the with We very batteries piloting
microinverter emerging of Mexico, deliver let's panels power, product, latest XXX residential for will Next, about emerging markets. watts in XXX India product our up segment This Brazil, AC for DC talk the and new markets. watts IQXP Spain, the to supporting
into of year. to in the track on IQXP half production are We the second release
products. of schools, shutdown grid hospitals, stations, three-phase solar is from system cabling for small ranging small other as well-suited our and such compatibility, microinverter variant rapid installation, commercial standard These new gas IQXP the kilowatts, churches quality with microinverter same the capability as residential and XX The offer business. to XXX systems high
small release to the product in the this expect US half of solar commercial XXXX. second into We market
We EV chargers chargers. over X,XXX shipped to in Let's compared charges in QX, X,XXX QX. discuss
costs. shipping now chargers capacity EV Flex increase We reduce us Enphase-branded Mexico, are helping and from
have plus will charger IQ We smart into their are the in use operation and charging chargers WiFi like enabling visibility QX. EV through charges on green cases to allowing solar Enphase EV connectivity, introduce app. plus storage, their homeowners of These system track
Let's released including discuss improvements other platform. graph requested the functionality, installers. proposal to NEM now our installer software, solar management basic and updates and design, several battery are design document We X.X by
when the installers homeowners imports, exporting have systems while for the energy use We homeowners using software. compensating avoiding NEM energy more needs X,XXX incentivizes to solar for than battery X.X grid it. and
operations to simplified the updated battery a for its deliver for energy and panel modularity payback. NEM sizing, best graph designing placements, optimizing system X.X leveraging by export configuring system The offers enhancing experience platform possible solar an and self-consumption
under storage NEM X.X six achieve period and depending a plus solar between on can that see eight utility. the We payback years
power battery helps to the savings. maximize export we more the grid our of higher said and before, energy third-generation to As us
conclude. me Let
are macroeconomic with and the rest The a our solar little the residential the is position X.X the challenges California in in NEM situation to With market great growing accelerate we different in in rapidly and US of a Europe, storage significantly in US. business.
Our strategy doesn't change.
making with on address markets and and focused are their issues, our working entering countries. products closely new to installers new We
resilience storage strong solar before. trend. for for our push quality in XX% utility ITC exceptional The next on change are industry. intact more position focus ever a high climate fundamentals the than we and rates, experience, for capitalize our for With rising this to on going to are are the customer the the decade, plus differentiated and desire need all the products,
will Mandy that, review our Mandy? the turn to I With call finances. for of over her