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)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ENVX)

USDFY2021FY2022FY2023FY2024FY2025TTM
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:

DateFirmActionRatingPrice target
2026-10-09StoneXTarget loweredBuy$15 → $10
2026-08-17William BlairDowngradeOutperform → Market Perform
2026-08-14Canaccord GenuityTarget loweredBuy$15 → $10
2026-08-13B. Riley SecuritiesTarget loweredBuy$10 → $9
2026-08-13Cantor FitzgeraldReiteratedOverweight$25
2026-07-24TD CowenTarget loweredHold$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)

LineRevenueShare of totalYoY
Asia Pacific$21.6M68.0%+67.7%
Switzerland$4.3M13.6%-9.3%
United States$2.1M6.7%+138.5%
Norway$1.5M4.8%-34.8%
Other$1.2M3.7%-6.0%
Taiwan$1.0M3.2%+15.0%
Total revenue$31.8M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ENVX suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierSOLAREDGE 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…”
SupplierPanasonic“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.”
SupplierCATL“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.”
SupplierBYD“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)

Quoted word-for-word from the SEC 8-K results press release.

ENVX analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.14$-0.14-5.4%$9.8M5
Next quarter (ends Dec 2026)$-0.14$-0.14+1.0%$12.7M5
Current fiscal year (ends Dec 2026)$-0.55$-0.56-2.9%$39.1M5
Next fiscal year (ends Dec 2027)$-0.63$-0.57+9.5%$75.7M10

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.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 20267125.9%±14.7%
Nov 6, 202614114.5%±18.2%
Nov 13, 202621114.2%±21.9%
Nov 20, 202628105.1%±23.1%
Nov 27, 202635115.1%±28.1%
Dec 4, 202642102.6%±27.3%
Dec 18, 20265697.6%±35.5%
Jan 15, 20278499.3%±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)

PriceUSD 2.85
Change▲ 11.77% (up)
Previous CloseUSD 2.85
OpenUSD 2.85
Day RangeUSD 2.45 – 2.85
52-Week RangeUSD 2.2 – 12.65
Volume9,463,256 shares
Market Cap—
ExchangeNMS

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 SignalSELL
RSI (14)52.28 (neutral)
vs SMA50Below (USD 2.99)
MACD-0.14 (negative)

Earnings (ENVX)

Next Earnings Date2026-11-12
EPS EstimateUSD -0.14
Revenue Estimate$9.84M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.13 vs est -0.15 ▲ beat
2026-03-31USD -0.14 vs est -0.15 ▲ beat
2025-12-31USD -0.14 vs est -0.17 ▲ beat
2025-09-30USD -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 / Equity2.56
Current Ratio9.71
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.

GrowthStrong — Revenue +38% YoY (annual)
ProfitabilityCritical — Heavily loss-making — early-stage company
Balance SheetWeak — $476M cash and investments vs $521M debt (Jul 2026, SEC)
Cash FlowWeak — FCF negative: -$124M (last 4 quarters to Jul 2026, SEC), burning cash
EfficiencyCritical — ROE -81%, ROA -17.6%

Ownership (ENVX)

Insider Ownership+11.69%
Institutional Ownership+51.93%
Shares Outstanding219.45M
Float189.61M
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)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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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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