Enphase Energy (ENPH) reported second-quarter results after Tuesday's closing bell, and the numbers were just a hair better than what Wall Street expected. Revenue came in at $291.85 million, beating the consensus estimate of $289.92 million, while adjusted earnings of $0.47 per share edged past the $0.46 forecast.

The solar microinverter and battery company shipped about 1.59 million IQ microinverters and 113.8 megawatt-hours of IQ batteries during the quarter. But the really interesting part of the report wasn't the numbers—it was the strategic update. Enphase said it hit key technical milestones and deepened customer engagement on potential multi-gigawatt opportunities. The company is clearly betting big on the AI boom.

“We accelerated development of the IQ Solid-State Transformer (IQ SST) for next-generation AI data centers. We are actively engaged with customers and ecosystem partners,” the company said in its earnings release. That's a big deal because AI data centers are power-hungry beasts, and Enphase wants to be the one supplying the juice.

Financially, Enphase generated $25.9 million of free cash flow in the quarter and ended the period with $937.7 million in cash, cash equivalents, and marketable securities. That's a solid cushion for a company investing heavily in new technology.

Looking ahead, Enphase expects third-quarter revenue to land between $290 million and $320 million. The midpoint of $305 million is right around the $304.25 million analysts were expecting, so the guidance is essentially in line.

Investors seemed to like what they heard. Enphase shares were up 1.43% in after-hours trading, changing hands at $36.84 at the time of publication. The earnings call kicked off at 4:30 p.m. ET, so there could be more movement as executives field questions.