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Stock research / United States / ENVX · Miscellaneous Electrical Machinery, Equipment & Supplies · Nasdaq

Enovix Corp. (ENVX)

Results announcedQ3 FY2026quarter ended 28 September 2026, announced 13 October 2026

Diluted EPS-$0.19-$0.27 a year earlier

From the company's results press release. The tables update when the 10-Q or 10-K is filed. Read the results · Read the release

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Enovix Corp. (ENVX) reported revenue of $9 million for Q2 FY2026, the quarter ended 5 July 2026, up 20.8% on the same quarter a year earlier. Net income was -$43 million, and diluted earnings per share $-0.20. The figures are the company's own, from the 10-Q it filed with the SEC on 12 August 2026.

Revenue$9 millionup 20.8%
Net income-$43 million
Diluted EPS$-0.20
QuarterQ2 FY2026ended 5 July 2026

Enovix (ENVX) in brief

Enovix (ENVX) reported revenue of $32 million for fiscal 2025, the year ended 28 December 2025, up 37.9% on the year before.
Read moreNet loss was $157 million and the diluted loss per share $0.75. Revenue was $23 million in fiscal 2024, $8 million in fiscal 2023, $6 million in fiscal 2022 and $0 million in fiscal 2021. Net income in the same years was a loss of $222 million, a loss of $214 million, a loss of $52 million and a loss of $126 million. Over the twelve months to 5 July 2026, Enovix reported revenue of $36 million and net loss of $170 million. Enovix had 219 million shares outstanding at the latest filed count. At 5 July 2026 it carried $532 million of debt and $34 million of cash. At the close of 29 October 2026 the market cap of Enovix was $769 million.

Ratios

From the filings

ROE-81.0%
ROCE-24.0%
Operating margin-496.5%
Net margin-473.9%
FCF margin-346.2%
Interest cover-5.62
Debt to equity2.53
Cash conversionn/a
Share count, last 12 months13.6%
Sales CAGR, 3 years72.5%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.81

At the close of 29 October 2026

Price$3.51
Market cap$769 million
Stock P/En/a
Price to book3.66
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales21.44
52-week high$12.21
52-week low$2.25
Price, 1 year-70.2%
Price CAGR, 3 years-22.7%
Price CAGR, 5 years-31.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Enovix Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
ENVXgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ENVX

Dividendsno dividend in its filings for fiscal 2020 onward
Filings25 in twelve months: 12 current reports (8-K), about 6 regulation FD disclosure; 6 results of operations; 3 officer or director change; 1 other events; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.21 by open interest at the 29 October 2026 close; the straddle prices a 11.8% move to 6 November 2026
13F holders300 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest57.5 million shares short, 6.82 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q2 FY2021Q3 FY2021 †Q1 FY2022 †Q2 FY2022Q3 FY2022Q4 FY2022 * †Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue0.00.00.05.10.01.10.00.00.27.45.33.84.39.75.17.58.011.37.69.0
Cost of revenue0.10.10.55.76.610.412.214.216.819.87.14.45.08.74.85.56.68.86.07.7
Gross profit-0.1-0.1-0.5-0.6-6.6-9.3-12.2-14.2-16.6-12.4-1.8-0.7-0.61.10.31.91.42.51.61.3
Gross marginn/an/an/a-13%-82762%-847%-58224%-33793%-8304%-168%-34%-17%-15%11%5%26%18%22%20%14%
R&D9.510.312.715.813.915.523.716.613.534.648.829.124.222.425.928.128.228.126.524.4
SG&A4.58.811.911.613.115.427.316.717.217.819.520.920.713.116.917.520.218.418.920.2
Operating income-14.2-19.2-25.1-28.0-33.7-45.2-63.2-51.8-50.4-64.8-70.1-88.8-49.3-34.5-42.6-43.7-47.0-44.0-43.9-43.3
Operating marginn/an/an/a-550%-420988%-4131%-301190%-123440%-25192%-878%-1330%-2355%-1141%-355%-835%-586%-588%-390%-578%-480%
Interest expensen/an/an/a0.00.0n/a0.01.31.61.61.71.71.71.71.71.711.86.47.06.5
Pre-tax incomen/an/an/an/an/an/a-73.6-64.3-16.2-60.7-46.6-121-20.4-36.3-23.7-45.1-54.2-34.9-38.4-43.5
Net income-14.3-10.842.7-1.1-82.0-11.2-73.6-64.3-16.2-60.0-46.4-116-22.5-37.5-23.5-44.5-53.7-35.0-38.3-43.1
Net marginn/an/an/a-22%-1025162%-1023%-350490%-153110%-8092%-813%-880%-3075%-522%-386%-461%-596%-672%-311%-503%-477%
Diluted EPS-$0.15-$0.14-$0.16-$0.18-$0.53$0.05-$0.47-$0.41-$0.29-$0.36-$0.28-$0.67-$0.30-$0.20-$0.12-$0.22-$0.27-$0.16-$0.18-$0.20
Operating cash flow-6.5-19.4-19.7-20.6-20.6-21.8-25.6-23.6-28.2-27.2-35.0-26.9-30.7-16.0-16.9-25.9-25.5-27.0-33.1-21.8
Capital expenditure13.410.910.54.016.94.83.012.717.328.815.125.219.516.46.38.03.01.03.29.6
Free cash flow-20.0-30.3-30.1-24.6-37.5-26.7-28.6-36.2-45.5-56.0-50.1-52.2-50.2-32.3-23.2-33.8-28.5-28.0-36.3-31.4
Buybacks0.00.00.00.00.00.00.00.00.00.00.00.00.00.0n/an/a58.4n/an/an/a
Shares outstanding157m145m156m157m157m157m158m159m162m167m170m175m178m191m192m193m215m217m218m219m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue0.00.06.27.623.131.835.9
Cost of revenue3.42.023.263.125.125.729.1
Gross profit-3.4-2.0-17.0-55.4-2.06.16.8
Gross marginn/an/a-274.7%-725.0%-8.9%19.2%18.8%
Research and development14.437.958.188.4125110107
Selling, general and administrative5.729.752.079.074.373.077.7
Operating income-23.5-69.5-132-230-243-177-178
Operating marginn/an/a-2128.0%-3012.2%-1051.7%-557.0%-496.5%
Interest expensen/a0.20.04.56.821.631.7
Pre-tax income-39.6-126-51.6-215-224-158-171
Income tax0.00.00.0-0.6-1.4-1.3-0.9
Net income-39.6-126-51.6-214-222-157-170
Net marginn/an/a-832.3%-2800.5%-963.2%-492.6%-473.9%
Diluted EPS-$0.49-$1.07-$0.82-$1.38-$1.27-$0.75-$0.81
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
South Korea5.912.921.668.0%
Switzerland0.04.84.313.6%
United States0.50.92.16.7%
NO0.02.41.54.8%
Other1.11.31.23.7%
Taiwan0.20.91.03.2%
South KoreaSwitzerlandUnited StatesNOOtherTaiwan
7.6FY202323.1FY202431.8FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow-20.1-51.3-82.7-105-109-95.3-107
Capital expenditure27.043.636.261.876.218.216.8
Free cash flow-47.0-94.9-119-166-185-114-124
Free cash flow marginn/an/a-1918.0%-2177.3%-801.0%-356.7%-346.2%
Cash from investing-27.0-43.6-36.2-143-1.4-538-463
Cash from financing65.945156.5160151467468
Depreciation and amortisation0.61.58.034.045.035.137.2
Share-based compensation0.710.730.469.558.849.448.0
Buybacks0.00.00.00.00.058.4n/a
Diluted shares, weighted80m117m154m160m175m208m219m
Shares outstanding at period end100m152m157m167m191m217m219m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity36.2326356258247271210
Non-controlling interestn/an/a0.03.02.72.82.0
Redeemable equity0.0n/an/an/an/an/an/a
Debt0.00.00.0175179529532
Operating lease liabilities0.09.18.215.613.311.25.9
Other liabilities28.714775.911385.264.650.1
Total liabilities and equity65.0483441564527879800
Owned
Fixed assets31.376.6104166168170165
Goodwilln/an/a0.012.112.212.212.2
Intangible assetsn/an/a0.042.236.431.629.2
Investments0.00.00.073.70.0513516
Cash and equivalents29.138532323327310633.7
Receivablesn/a0.00.20.94.64.43.1
Inventoryn/a0.00.68.77.713.617.5
Other assets4.520.713.127.125.528.022.3
Total assets65.0483441564527879800
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a72.5%34.9%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-56.8%-76.9%-57.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Enovix's revenue in fiscal 2025?

Enovix (ENVX) reported revenue of $32 million for fiscal 2025, the year ended 28 December 2025, up 37.9% on the year before.

How much did Enovix earn in fiscal 2025?

Net loss was $157 million for fiscal 2025, and the diluted loss per share $0.75.

What is Enovix's market cap?

The market cap of Enovix was $769 million at the close of 29 October 2026.

How much debt does Enovix have?

At 5 July 2026 Enovix carried $532 million of debt and $34 million of cash.

Peers: Electrical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
EnerSys ENS$6.2 billion18.3317.9%13.0%3.7%0.530.6%
Novanta Inc. NOVT$5.7 billion96.953.8%9.0%7.6%0.14n/a
Spectrum Brands Holdings, Inc. SPB$1.9 billion24.854.3%4.0%0.8%0.332.3%
Energizer Holdings, Inc. ENR$1.6 billion19.6340.1%n/a2.2%16.415.2%
American Superconductor Corp. AMSC$1.4 billion9.2623.9%4.9%25.9%0.00n/a
Amprius Technologies, Inc. AMPX$1.3 billionn/a-29.0%-37.7%143.6%0.00n/a
Fuelcell Energy Inc. FCEL$975 millionn/a-18.0%-116.3%1.1%0.14n/a
Enovix Corp. ENVX$769 millionn/a-81.0%-496.5%34.9%2.53n/a
LSI Industries Inc. LYTS$763 million30.826.3%5.6%20.2%0.711.0%
Eos Energy Enterprises, Inc. EOSE$678 millionn/an/a-142.6%533.9%n/an/a
Energy Vault Holdings, Inc. NRGV$590 millionn/a-1,600.2%-32.8%336.8%38.53n/a
Solid Power, Inc. SLDP$462 millionn/a-17.9%-978.2%-51.5%0.00n/a
All 24 in Electrical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
General Electric Co. GE$323.6 billion36.5052.0%17.7%19.6%1.100.6%
GE Vernova Inc. GEV$235.1 billion23.3091.1%6.4%16.9%0.250.2%
Emerson Electric Co. EMR$95.3 billion37.3712.7%n/a4.8%0.641.3%
Bloom Energy Corp. BE$65.7 billion135.6126.8%14.8%110.6%1.28n/a
Otis Worldwide Corp. OTIS$28.4 billion18.56n/a15.3%5.8%n/a2.3%
Woodward, Inc. WWD$18.6 billion35.0222.3%n/a22.3%0.540.4%
Generac Holdings Inc. GNRC$12.0 billion46.859.0%9.5%0.6%0.46n/a
Littelfuse Inc. LFUS$10.3 billion331.261.4%5.5%18.7%0.230.8%
Acuity Inc. (De) AYI$9.7 billion19.1417.9%15.4%6.8%0.230.2%
EnerSys ENS$6.2 billion18.3317.9%13.0%3.7%0.530.6%
Powell Industries Inc. POWL$6.1 billion32.3525.2%19.7%7.0%0.000.2%
Novanta Inc. NOVT$5.7 billion96.953.8%9.0%7.6%0.14n/a
Franklin Electric Co. Inc. FELE$4.3 billion21.7613.8%12.4%7.3%0.39n/a
Plug Power Inc. PLUG$2.0 billionn/a-282.1%-172.8%10.6%1.00n/a
Spectrum Brands Holdings, Inc. SPB$1.9 billion24.854.3%4.0%0.8%0.332.3%
Energizer Holdings, Inc. ENR$1.6 billion19.6340.1%n/a2.2%16.415.2%
American Superconductor Corp. AMSC$1.4 billion9.2623.9%4.9%25.9%0.00n/a
Amprius Technologies, Inc. AMPX$1.3 billionn/a-29.0%-37.7%143.6%0.00n/a
Fuelcell Energy Inc. FCEL$975 millionn/a-18.0%-116.3%1.1%0.14n/a
Enovix Corp. ENVX$769 millionn/a-81.0%-496.5%34.9%2.53n/a
LSI Industries Inc. LYTS$763 million30.826.3%5.6%20.2%0.711.0%
Eos Energy Enterprises, Inc. EOSE$678 millionn/an/a-142.6%533.9%n/an/a
Energy Vault Holdings, Inc. NRGV$590 millionn/a-1,600.2%-32.8%336.8%38.53n/a
Solid Power, Inc. SLDP$462 millionn/a-17.9%-978.2%-51.5%0.00n/a
8 companies share its SEC industry code (Miscellaneous Electrical Machinery, Equipment & Supplies); the rest are the names nearest in size in its wider industry, Electrical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q5 July 202612 August 2026EDGAR
10-Q5 April 202614 May 2026EDGAR
10-K/A28 December 202526 February 2026EDGAR
10-K28 December 202525 February 2026EDGAR
10-Q28 September 20255 November 2025EDGAR
10-Q29 June 202531 July 2025EDGAR
10-Q30 March 20252 May 2025EDGAR
10-K29 December 202425 February 2025EDGAR
10-Q29 September 202430 October 2024EDGAR
10-Q30 June 20245 August 2024EDGAR