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Enovix Corporation(ENVX)Earnings, Financials & Key Ratios
ENVX•NASDAQ
$5.62
Price updated Jul 6, 2026
AboutEnovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.Show more
- Revenue$32M+37.9%
- EBITDA-$143M+27.8%
- Net Income-$157M+29.5%
- EPS (Diluted)-0.75+40.9%
- Gross Margin-86.79%-879.3%
- EBITDA Margin-448.86%+47.6%
- Operating Margin-554.83%+47.2%
- Net Margin-492.57%+48.9%
- ROE-59.89%+31.2%
ENVX Price & Volume
Enovix Corporation (ENVX) stock price & volume — 10-year historical chart
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Persistent Manufacturing Scaling Challenges Impede Profitability Trajectory
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's inability to achieve consistent profitability
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Manufacturing yield and scale execution
Key Thesis Takeaways
- Enovix faces a critical transition period as it attempts to scale its proprietary 3D cell architecture, with high R&D spending of $26.1M in 2026Q1 continuing to outpace gross profit generation.
- While revenue growth has shown sporadic spikes, such as the 85.1% expansion in 2025Q3, the company remains burdened by structural margin deficits and a volatile cash burn profile.
- Investors should monitor the company's ability to stabilize manufacturing yields in Malaysia, as the current reliance on external financing and a declining cash position of $106.0M in 2026Q1 present significant long-term solvency risks.
Verdict Logic
combined with a declining cash balance of $106.0M and a history of erratic capital intensity, suggests that the current business model remains fundamentally unproven at scale.
ENVX Growth Metrics
Enovix Corporation (ENVX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years72.48%
TTM49.88%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM13.99%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM33.6%
Return on Capital
10 Years-50.91%
5 Years-36.59%
3 Years-42.37%
Last Year-27.4%
ENVX Recent Earnings
Enovix Corporation (ENVX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$0.14+6.7%
$0.15
Rev
$8M+9.3%
$7M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.14+17.6%
$0.17
Rev
$11M+9.6%
$10M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.14+12.5%
$0.16
Rev
$8M-22.0%
$10M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.13+13.3%
$0.15
Rev
$7M+2.4%
$7M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.14vs $0.15+6.7% | $8Mvs $7M+9.3% |
| Q1 2026 | Feb 25, 2026 | $0.14vs $0.17+17.6% | $11Mvs $10M+9.6% |
| Q4 2025 | Nov 5, 2025 | $0.14vs $0.16+12.5% | $8Mvs $10M-22.0% |
| Q3 2025 | Jul 31, 2025 | $0.13vs $0.15+13.3% | $7Mvs $7M+2.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Enovix Corporation (ENVX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.62 | $1.23B | -7.49 | 37.91% | -492.57% | -59.89% | — | |
| $2.62 | $569.32K | -5.14 | 7.98% | -485.47% | -21.56% | — | |
| $0.89 | $288.05M | -4.06 | 929.41% | -331.72% | -32.48% | — | |
| $0.82 | $14.36M | -2.05 | 9.22% | -12.48% | -737.52% | — | |
| $0.55 | $48.56M | -5.48 | 10.52% | -7.43% | -0.06% | — | |
| $1.17 | $389.79M | -13.00 | 12.56% | -11.52% | -10.76% | — |
Compare ENVX vs Peers
Enovix Corporation (ENVX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ENVX SEC Filings & Documents
Enovix Corporation (ENVX) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ENVX Frequently Asked Questions
Enovix Corporation (ENVX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Enovix Corporation's revenue?
Enovix Corporation (ENVX) reported $34.3M in revenue for fiscal year 2025.
How fast is Enovix Corporation growing?
Enovix Corporation (ENVX) grew revenue by 37.9% over the past year. This is strong growth.
Is ENVX profitable?
Enovix Corporation (ENVX) reported a net loss of $171.5M for fiscal year 2025.
Dividend & Returns
What is ENVX's return on equity?
Enovix Corporation (ENVX) has a return on equity (ROE) of -59.9%. Negative ROE indicates the company is unprofitable.
What is Enovix Corporation's free cash flow?
Enovix Corporation (ENVX) had negative free cash flow of $126.6M in fiscal year 2025, likely due to heavy capital investments.