Enovix Corporation (ENVX) Stock Price & Analysis
Enovix Corporation (ENVX) is trading at USD 2.85, up 11.77% today, as of October 23, 2026 at 17:01 UTC (US market open; quotes may be delayed), according to Nexqual market data.
ENVX last closed at USD 2.85; today's session has ranged USD 2.45–2.85 on volume of 9,463,256 shares. Market capitalization is —, with a 52-week range of USD 2.2–12.65 (NMS). Source: Nexqual, retrieved October 23, 2026 at 17:01 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ENVX.md
Key facts (ENVX)
- Last four reported quarters (through Jul 5, 2026): revenue $35.9M, net income -$170M (-473.9% margin), free cash flow -$124M (SEC filings).
- Total return with dividends: 1Y -75.2% vs S&P 500 +14.6%; 5Y -89.2% vs S&P 500 +77.3%.
- Next earnings: 2026-11-12, EPS estimate USD -0.14, revenue estimate $9.8M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ENVX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $0K | $6.2M | $7.6M | $23.1M | $31.8M | $35.9M |
| Gross profit | -$2.0M | -$17.0M | -$55.4M | -$2.0M | $6.1M | — |
| Operating income | -$69.5M | -$132M | -$230M | -$243M | -$177M | -$178M |
| Net income | -$126M | -$51.6M | -$214M | -$222M | -$157M | -$170M |
| EPS (diluted) | -$1.07 | -$0.82 | -$1.30 | -$1.19 | -$0.75 | — |
| Free cash flow | -$94.9M | -$119M | -$166M | -$185M | -$114M | -$124M |
| Gross margin | — | -274.7% | -725.0% | -8.9% | 19.2% | — |
| Operating margin | — | -2128.0% | -3012.2% | -1051.7% | -557.0% | -496.5% |
| Net margin | — | -832.3% | -2800.5% | -963.2% | -492.6% | -473.9% |
| Revenue growth | — | — | +23.3% | +201.9% | +37.9% | — |
| Cash + short-term investments | $385M | $323M | $307M | $273M | $512M | — |
| Total debt | $0K | $0K | $171M | $170M | $520M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 5, 2026) (ENVX)
Analysts (ENVX)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | StoneX | Target lowered | Buy | $15 → $10 |
| 2026-08-17 | William Blair | Downgrade | Outperform → Market Perform | |
| 2026-08-14 | Canaccord Genuity | Target lowered | Buy | $15 → $10 |
| 2026-08-13 | B. Riley Securities | Target lowered | Buy | $10 → $9 |
| 2026-08-13 | Cantor Fitzgerald | Reiterated | Overweight | $25 |
| 2026-07-24 | TD Cowen | Target lowered | Hold | $7 → $5.5 |
Total return (dividends reinvested) (ENVX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -75.2% | -89.2% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -75.2% | -36.0% |
| Volatility (annualized) | 88.1% | 91.0% |
| Max drawdown | -81.7% (Oct 2025→Oct 2026) | -93.1% (Nov 2021→Oct 2026) |
ENVX revenue by region (fiscal year ended Dec 28, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Asia Pacific | $21.6M | 68.0% | +67.7% |
| Switzerland | $4.3M | 13.6% | -9.3% |
| United States | $2.1M | 6.7% | +138.5% |
| Norway | $1.5M | 4.8% | -34.8% |
| Other | $1.2M | 3.7% | -6.0% |
| Taiwan | $1.0M | 3.2% | +15.0% |
| Total revenue | $31.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ENVX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | SOLAREDGE TECHNOLOGIES, INC. (SEDG) | “As our operations expanded, we invested in additional manufacturing capacity, including the construction of a high-volume production facility in Malaysia for our second production line ("Fab2"), the acquisition of Routejade, Inc. ("Routejade"), an established battery manufacturer in South Korea for battery pack manufacturing, and the acquisition of battery cell manufacturing assets from SolarEdge Technologies, Inc…” |
| Supplier | Panasonic | “Incumbent suppliers of Li-ion batteries include Amperex Technology Limited, Panasonic Corporation, Samsung SDI Co., Ltd., Contemporary Amperex Technology Co., Limited, SK On Co., Ltd., BYD Company Limited, and LG-Energy Solution, Ltd. These companies supply conventional Li-ion batteries and, in some cases, Li-ion batteries with some silicon added to the anode.” |
| Supplier | CATL | “Incumbent suppliers of Li-ion batteries include Amperex Technology Limited, Panasonic Corporation, Samsung SDI Co., Ltd., Contemporary Amperex Technology Co., Limited, SK On Co., Ltd., BYD Company Limited, and LG-Energy Solution, Ltd. These companies supply conventional Li-ion batteries and, in some cases, Li-ion batteries with some silicon added to the anode.” |
| Supplier | BYD | “Incumbent suppliers of Li-ion batteries include Amperex Technology Limited, Panasonic Corporation, Samsung SDI Co., Ltd., Contemporary Amperex Technology Co., Limited, SK On Co., Ltd., BYD Company Limited, and LG-Energy Solution, Ltd. These companies supply conventional Li-ion batteries and, in some cases, Li-ion batteries with some silicon added to the anode.” |
Quoted from the company's 10-K filed Feb 25, 2026.
ENVX customer concentration
In the period ended Jul 5, 2026, 2 direct customers each accounted for at least 10% (65%, 15%) of revenue, per the company's 10-Q filed Aug 12, 2026. The company does not name them.
ENVX company outlook (results filed Oct 13, 2026)
- “Q3'26 Guidance is as provided by the Company on August 12, 2026.”
- “Full results and an earnings call and webcast are expected on or about November 12, 2026; details will be announced separately. 2 GAAP figures are preliminary; the Company's Q3'26 GAAP financial statements will be included in its Form 10-Q. 3 Non-GAAP loss from operations and net loss per share exclude stock-based compensation, amortization of intangible assets and certain other items.”
Quoted word-for-word from the SEC 8-K results press release.
ENVX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.14 | $-0.14 | -5.4% | $9.8M | 5 |
| Next quarter (ends Dec 2026) | $-0.14 | $-0.14 | +1.0% | $12.7M | 5 |
| Current fiscal year (ends Dec 2026) | $-0.55 | $-0.56 | -2.9% | $39.1M | 5 |
| Next fiscal year (ends Dec 2027) | $-0.63 | $-0.57 | +9.5% | $75.7M | 10 |
ENVX options: expected move
Options price a move of about ±21.9% (±$0.56) by Nov 13, 2026, which includes earnings on Nov 12, 2026; the earnings reaction alone is priced at about ±5.3%. Over the last 8 reports the stock moved ±11.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 125.9% | ±14.7% |
| Nov 6, 2026 | 14 | 114.5% | ±18.2% |
| Nov 13, 2026 | 21 | 114.2% | ±21.9% |
| Nov 20, 2026 | 28 | 105.1% | ±23.1% |
| Nov 27, 2026 | 35 | 115.1% | ±28.1% |
| Dec 4, 2026 | 42 | 102.6% | ±27.3% |
| Dec 18, 2026 | 56 | 97.6% | ±35.5% |
| Jan 15, 2027 | 84 | 99.3% | ±42.6% |
30-day implied volatility 105.4% vs 86.1% realized over the last 30 trading days. Put/call ratio (volume) 0.24. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 17:01 UTC)
| Price | USD 2.85 |
|---|---|
| Change | ▲ 11.77% (up) |
| Previous Close | USD 2.85 |
| Open | USD 2.85 |
| Day Range | USD 2.45 – 2.85 |
| 52-Week Range | USD 2.2 – 12.65 |
| Volume | 9,463,256 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (ENVX)
Nexqual's technical model rates ENVX "SELL" based on 2 bullish and 4 bearish signals across 128 daily candles, as of October 23, 2026 at 17:01 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 52.28 (neutral) |
| vs SMA50 | Below (USD 2.99) |
| MACD | -0.14 (negative) |
Earnings (ENVX)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.14 |
| Revenue Estimate | $9.84M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.13 vs est -0.15 ▲ beat |
| 2026-03-31 | USD -0.14 vs est -0.15 ▲ beat |
| 2025-12-31 | USD -0.14 vs est -0.17 ▲ beat |
| 2025-09-30 | USD -0.14 vs est -0.16 ▲ beat |
Source: Nexqual, October 23, 2026 at 17:01 UTC.
Financials & Fundamentals (ENVX)
| Total Revenue | $35.88M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +20.80% |
| Gross Margin | +18.83% |
| Operating Margin | -479.79% |
| Profit Margin | +0.00% |
| ROE | -81.28% |
| Debt / Equity | 2.56 |
| Current Ratio | 9.71 |
| Total Cash | $475.78M |
| Total Debt | $541.72M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | -$124.20M (-346.2% of revenue) |
Source: Nexqual, October 23, 2026 at 17:01 UTC.
Financial Health Score (ENVX)
Nexqual rates Enovix Corporation's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 17:01 UTC.
| Growth | Strong — Revenue +38% YoY (annual) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Weak — $476M cash and investments vs $521M debt (Jul 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$124M (last 4 quarters to Jul 2026, SEC), burning cash |
| Efficiency | Critical — ROE -81%, ROA -17.6% |
Ownership (ENVX)
| Insider Ownership | +11.69% |
|---|---|
| Institutional Ownership | +51.93% |
| Shares Outstanding | 219.45M |
| Float | 189.61M |
| Short % of Float | +27.09% |
Source: Nexqual, October 23, 2026 at 17:01 UTC.
From Enovix Corporation's Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our proprietary silicon-anode battery architecture enables higher energy density and performance relative to conventional battery cells, particularly in space-constrained devices.
- We have devoted significant funds, time and resources to develop our proprietary architecture and the unique patterning and stacking assembly process for manufacturing our cells.
- Our proprietary cell architecture enables use of silicon instead of graphite as the cycling material to achieve 100% active silicon anode that increases energy density and battery capacity.
- Proprietary Manufacturing Process — In order to commercialize our unique architecture, we invented a customized manufacturing process that is not available "off-the-shelf" to conventional battery cell OEMs.
Partnerships
- The CCPA provides for administrative fines of up to $7,500 per violation and allows private litigants affected by certain data breaches to recover significant statutory damages.
- Most recently, we partnered with a top-tier mobile original equipment manufacturer ("OEM") on the development of our AI-1TM smartphone battery, which demonstrated high volumetric energy density and fast-charge performance verified by an independent testing laboratory.
Legal & Regulatory Risks (Item 1A, quoted)
- We may encounter regulatory approval difficulties which could delay our ability to launch our lithium-ion battery cells, and compliance with regulatory laws may limit their usefulness.
- We are subject to substantial regulation, and unfavorable changes to, or our failure to comply with, these regulations could substantially harm our business and operating results.
- We are subject to a variety of laws and regulations related to the safety and transportation of our batteries. Our failure to comply with these laws and regulations may have a material adverse effect on our business and results of operations.
- We are subject to requirements relating to environmental and safety regulations and environmental remediation matters which could adversely affect our business, results of operations and reputation.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| ADSE | ADS-TEC ENERGY PLC | USD 9.53 | ▼ 0.21% |
| FCEL | FuelCell Energy, Inc. | USD 11.28 | ▼ 2.59% |
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 17:01 UTC. This page is informational and not investment advice.
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