Sees Q4 gross margin 42%-45%. Sees Q4 operating expenses $77M-$81M. Sees Q4 tax rate 14%-16%. The company said, “We expect to begin shipments of our new IQ9N-3P Commercial Microinverter and IQ(R) EV Charger 2 to customers in the United States during the fourth quarter of 2025. The IQ9N-3P Commercial Microinverter is our first microinverter powered by Gallium Nitride technology. Designed for three-phase 480Y/277 V grids, IQ9N-3P helps simplify the design, lower installation and balance-of-system costs, and improve system efficiency for 480 V commercial projects. The IQ EV Charger 2, currently shipping to 18 countries in Europe, Australia, and New Zealand, is our most advanced residential charger to date. It is designed to work seamlessly with Enphase solar and battery systems or as a powerful standalone charger.”
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