Enovix (ENVX) Gross Margin (2022 - 2026)
Enovix (ENVX) posted Gross Margin of 20.42% for Q2 2026, down 8.02% on a QoQ basis from 22.2% in Q4 2025, and up 1530.0% year-over-year from 1.25% in Q2 2025.
Enovix (ENVX) Gross Margin (2022 - 2026) Analysis & Trends
Enovix's Gross Margin history runs 5 years deep, the most recent figure standing at 20.42% for Q2 2026.
- Quarterly Gross Margin rose 1530.0% year-over-year to 20.42% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 21.55% (up 2148.0% YoY) and the FY2025 annual result came in at 19.19%, up 2805.0% from the prior year.
- Gross Margin was 20.42% for Q2 2026 at Enovix, down from 22.2% 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.
- A 5-year average of 11467.08% and a median of 16.13% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 7445800 bps in 2023, while the deepest fall reached 3378035 bps in 2023.
- Enovix's 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 decreased by 8 bps to 20.42% in 2026.
- Business Quant data shows ENVX's Gross Margin at 20.42% in Q2 2026, 22.2% in Q4 2025, and 17.53% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 33.45% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 30.03% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 33.32% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 35.88% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 39.32% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 50.62% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 29.65% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 29.44% |
| 10 | Enovix | 943.39 Mn | 945.45 Mn | 1.55 Mn | 20.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |