Operator

Good morning, and thank you for joining us on today's call to discuss Enphase Energy's business. With us today is Badri Kothandaraman, Enphase's President and Chief Executive Officer. [Operator Instructions]

Please note that management may be making forward-looking statements about the company's current plans and expectations with respect to its business, technology and products. Actual results may differ materially from current plans and expectations, so I encourage you to read our SEC filings where we discuss the risks inherent to our business. You'll find detailed discussions in our filings with the SEC, including our annual report on Form 10-K for fiscal year 2025 and our quarterly report on Form 10-Q for the quarter ended March 31, 2026.

Please note that non-GAAP financial measures referenced during this presentation are reconciled to their most directly comparable GAAP financial measures found in the investor presentation posted on our website at investor.enphase.com.

With that, I will turn the call over to Enphase Energy's President and Chief Executive Officer Mr. Badri Kothandaraman to give a short report on the company.

Badrinarayanan Kothandaraman
President, CEO & Director

Good morning. Quick overview of the company as usual, founded in 2006, approximately 2,700 employees. I'm talking to you from Fremont, California, that's our headquarters. Our customers are distributors, installers, homeowners as well as business owners. We have shipped approximately 87.8 million microinverters cumulative, big numbers, over 5 million systems in more than 165 countries. We are rapidly making progress in storage. We have shipped over 2.5 gigawatt hours of storage. 2025 revenue was approximately $1.5 billion. We are profitable.

Let's go to the next page. Brief recap here. Core