Enovix (ENVX) Gross Margin (2022 - 2026)
Enovix's (ENVX) quarterly Gross Margin came in at 14.43% in Q3 2026, down 1158.0% on a YoY basis from 1.36% in Q3 2025, and down 29.35% quarter-over-quarter from 20.42% in Q2 2026.
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Enovix (ENVX) Gross Margin (2022 - 2026) Analysis & Trends
Enovix (ENVX) has reported Gross Margin for 5 consecutive years, with 14.43% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Gross Margin fell 1158.0% year-over-year to 14.43%; the trailing twelve-month figure through Jul 2026 stood at 18.83% (up 901.0% YoY), and the FY2025 full-year result was 19.19%, up 2805.0% from the prior year.
- Gross Margin fell to 14.43% in Q3 2026 per ENVX's latest filing, from 20.42% in the prior quarter.
- Across five years, Gross Margin topped out at 26.0% in Q2 2025 and bottomed at 82762.5% in Q4 2022.
- Historically, Gross Margin has averaged 10791.69% across 5 years, with a median of 14.87% in 2024.
- The widest YoY moves for Gross Margin: up 7445800 bps in 2023, down 3378035 bps in 2023.
- Over 5 years, Gross Margin stood at 82762.5% in 2022, then jumped by 100 bps to 167.84% in 2023, then jumped by 106 bps to 10.83% in 2024, then soared by 105 bps to 22.2% in 2025, then tumbled by 35 bps to 14.43% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 14.43%, 20.42%, and 22.2% for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 33.49% |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | -70.96% |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 5.12% |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 30.95% |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 14.43% |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 27.27% |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 34.93% |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 29.54% |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 22.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | 14.43% |
| Apr 5, 2026 | 20.42% |
| Dec 28, 2025 | 22.20% |
| Sep 28, 2025 | 17.53% |
| Jun 29, 2025 | 26.00% |
| Mar 30, 2025 | 5.12% |
| Dec 29, 2024 | 10.83% |
| Sep 29, 2024 | -14.87% |
| Jun 30, 2024 | -17.38% |
| Mar 31, 2024 | -34.14% |
| Dec 31, 2023 | -167.84% |
| Oct 1, 2023 | -8,304.50% |
| Jul 2, 2023 | -33,792.86% |
| Apr 2, 2023 | -58,223.81% |
| Jan 1, 2023 | -244.92% |
| Oct 2, 2022 | -82,762.50% |
| Jul 3, 2022 | -12.51% |