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Enovix Corporation

ENVX

NASDAQIndustrialsElectrical Equipment & Parts

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Previous close

$3.38

+$0.11 · +3.36%

Aug 21, 4:00 PM ET

ENVX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

42

Fair Value

Momentum

20

Strong Down

Sentiment

58

Mixed

Risk resilience

23

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Founded in 2007 and based in Fremont, California, Enovix Corporation specializes in the innovation, development, and production of lithium-ion battery technology.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
US
CEO
Raj Talluri
Listed since
Jan 5, 2021
Employees
664

Market position

Day range

Current $3.38

52-week range

Current $3.38

Open
$3.35
Previous close
$3.27
Volume
7.09M
1× average
Average volume
7.12M
Average daily volume
Market cap
737.36M USD
Beta
2.33
Market reference 1
50-day average
$5.0119
-32.56% below average
200-day average
$6.4451
-47.56% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.02B USD
P/E (TTM)
-4.23×
P/B (TTM)
3.52×
P/S (TTM)
20.55×
EV / EBITDA
-19.65×
Earnings yield
-9.91%
Free cash flow yield
-7.17%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-23.70%
Operating margin
-496.54%
Net margin
-473.89%
Return on equity
-57.79%
Return on assets
-17.80%
Return on invested capital
-21.22%

Financial health

Debt / equity
78.53×
Current ratio
8.34×
Altman Z-score
-0.95
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends291%-910%-2111%-3313%Gross margin, FY2022: -274.70%Gross margin, FY2023: -724.97%Gross margin, FY2024: -8.86%Gross margin, FY2025: -86.79%Operating margin, FY2022: -2048.66%Operating margin, FY2023: -3012.23%Operating margin, FY2024: -1051.70%Operating margin, FY2025: -554.83%Net margin, FY2022: -832.34%Net margin, FY2023: -2800.51%Net margin, FY2024: -963.17%Net margin, FY2025: -492.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2022 -274.70%. Gross margin FY2023 -724.97%. Gross margin FY2024 -8.86%. Gross margin FY2025 -86.79%. Operating margin FY2022 -2048.66%. Operating margin FY2023 -3012.23%. Operating margin FY2024 -1051.70%. Operating margin FY2025 -554.83%. Net margin FY2022 -832.34%. Net margin FY2023 -2800.51%. Net margin FY2024 -963.17%. Net margin FY2025 -492.57%.

Income trends

Revenue

31.82M USD+37.91%

Operating income

−176.55M USD+27.24%

Net income

−156.74M USD+29.47%
Income trends across reported periods59.27M USD−50.53M USD−160.32M USD−270.12M USDRevenue, FY2022: 6.2M USDRevenue, FY2023: 7.64M USDRevenue, FY2024: 23.07M USDRevenue, FY2025: 31.82M USDOperating income, FY2021: −69.52M USDOperating income, FY2022: −127.06M USDOperating income, FY2023: −230.26M USDOperating income, FY2024: −242.67M USDOperating income, FY2025: −176.55M USDNet income, FY2021: −125.87M USDNet income, FY2022: −51.62M USDNet income, FY2023: −214.07M USDNet income, FY2024: −222.24M USDNet income, FY2025: −156.74M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2022 6.2M USD. Revenue FY2023 7.64M USD. Revenue FY2024 23.07M USD. Revenue FY2025 31.82M USD. Operating income FY2021 −69.52M USD. Operating income FY2022 −127.06M USD. Operating income FY2023 −230.26M USD. Operating income FY2024 −242.67M USD. Operating income FY2025 −176.55M USD. Net income FY2021 −125.87M USD. Net income FY2022 −51.62M USD. Net income FY2023 −214.07M USD. Net income FY2024 −222.24M USD. Net income FY2025 −156.74M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue31.82M USD23.07M USD7.64M USD6.2M USD—
Cost of goods sold59.44M USD25.12M USD63.06M USD23.24M USD1.97M USD
Gross profit−27.62M USD−2.05M USD−55.42M USD−17.04M USD−1.97M USD
Research and development110.33M USD124.51M USD88.39M USD58.05M USD37.85M USD
Selling, general, and administrative38.61M USD74.31M USD79.01M USD51.97M USD29.71M USD
Operating expenses148.94M USD240.62M USD174.84M USD110.02M USD67.56M USD
Interest income13M USD12.33M USD14.07M USD5.23M USD37K USD
Interest expense21.6M USD6.79M USD4.46M USD5.23M USD187K USD
Depreciation and amortization33.72M USD44.96M USD34.01M USD7.97M USD1.49M USD
Operating income−176.55M USD−242.67M USD−230.26M USD−127.06M USD−69.52M USD
Net income−156.74M USD−222.24M USD−214.07M USD−51.62M USD−125.87M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+13.58%
11 comparable reports
Latest EPS result
-0.13
Estimate -0.15 · Beat by 10.69%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.09-0.14-0.18-0.22Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual -0.11, estimate -0.18, surprise +38.89%, Beat. Q2 2025, reported Apr 30, 2025: actual -0.15, estimate -0.18, surprise +16.67%, Beat. Q3 2025, reported Jul 31, 2025: actual -0.13, estimate -0.15, surprise +13.33%, Beat. Q4 2025, reported Nov 5, 2025: actual -0.14, estimate -0.16, surprise +12.50%, Beat. Q1 2026, reported Feb 25, 2026: actual -0.14, estimate -0.17, surprise +17.65%, Beat. Q2 2026, reported May 13, 2026: actual -0.14, estimate -0.15, surprise +6.67%, Beat. Q3 2026, reported Aug 12, 2026: actual -0.13, estimate -0.146, surprise +10.69%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate -0.15, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.8M9.23M6.67M4.11MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 9.72M USD, estimate 6.21M USD, surprise +56.36%, Beat. Q2 2025, reported Apr 30, 2025: actual 5.1M USD, estimate 4.64M USD, surprise +9.95%, Beat. Q3 2025, reported Jul 31, 2025: actual 7.47M USD, estimate 7.29M USD, surprise +2.42%, Beat. Q4 2025, reported Nov 5, 2025: actual 7.99M USD, estimate 10.25M USD, surprise -22.04%, Miss. Q1 2026, reported Feb 25, 2026: actual 11.27M USD, estimate 10.28M USD, surprise +9.62%, Beat. Q2 2026, reported May 13, 2026: actual 7.6M USD, estimate 6.95M USD, surprise +9.32%, Beat. Q3 2026, reported Aug 12, 2026: actual 9M USD, estimate 8.43M USD, surprise +6.75%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 9.49M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$9.80

189.94% upside
Past 12 months12-month forecastHigh $21.00Average $9.80Low $5.00

Rating distribution

17 ratings
Strong buy00%
Buy1271%
Hold424%
Sell16%
Strong sell00%

Recent analyst actions

12 institutions
William BlairdowngradeOutperformMarket Perform

ENVX news

seekingalpha.com

Enovix Is At The Lows For Good Reason (Rating Upgrade)

Enovix stock plunged 18% on CEO Raj Talluri's sudden resignation, hitting an all-time low and reflecting deep investor skepticism. Short-term trading upside may exist as the market digests the real reasons for Talluri's…

Read source
globenewswire.com

Enovix to Double Korea Drone Battery Capacity

Expansion Leverages Existing Company-Owned South Korea Facility, With Added Capacity Expected in Mid-2027 Expansion Leverages Existing Company-Owned South Korea Facility, With Added Capacity Expected in Mid-2027

Read source
zacks.com

Enovix Corporation (ENVX) Upgraded to Buy: What Does It Mean for the Stock?

Enovix Corporation (ENVX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Read source
zacks.com

After Plunging 35% in 4 Weeks, Here's Why the Trend Might Reverse for Enovix Corporation (ENVX)

Enovix Corporation (ENVX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings…

Read source
defenseworld.net

Enovix Says Strategy Intact as CFO Takes Interim CEO Role After Raj Resigns

Enovix (NASDAQ: ENVX) said its strategy, product roadmap, customer programs and qualification schedules remain unchanged following the resignation of CEO Raj, as the company appointed Chief Financial Officer Ryan Benton…

Read source
seekingalpha.com

Enovix: Time For A Strategy Change After Surprise CEO Departure (Rating Upgrade)

Last week, Enovix reported second-quarter results slightly ahead of muted expectations. Despite persistent cash burn, the company still has several years of runway. Smartphone battery qualification with prospective lead…

Read source

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ETFs holding ENVX

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
24.12M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
17.5M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
16.58M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
10.1M
Weight
0.02%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
9.22M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
5.99M
Weight
0.04%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
4.56M
Weight
0.03%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Invesco WilderHill Clean Energy ETF logoInvesco WilderHill Clean Energy ETFPBW
Market value
3.36M
Weight
0.84%
AUM
405.18M USD
Expense ratio
0.64%
Price / 1D
$33.29+1.84%

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