ENPH · PEAD ↓ 80

Enphase Energy reported Q3 2026 EPS of $0.19 on 2026-10-27, beating the $0.18 consensus by $0.01 (+5.6%).

Print-day reaction was –2.0% versus the prior close, a modest initial fade despite the beat. The overnight gap to T+1 open deepened the damage sharply, declining –19.9%, signalling aggressive after-hours selling that overwhelmed the modest EPS outperformance. Over days 1–3 the stock partially stabilised, drifting +2.6% off the gap-down open, but recovered only a fraction of the overnight losses. Cumulative abnormal return of –14.3% versus SPY.US over the three-day window firmly places this in PEAD short territory, with the drift confirming rather than reversing the post-earnings damage; the holding window extends through 2027-01-22.