Enovix (ENVX) Gross Margin (2022 - 2026)
Enovix (ENVX) reported Gross Margin of 20.42% for Q2 2026, up 1530.0% on a YoY basis from 1.25% in Q2 2025, and down 8.02% quarter-over-quarter from 22.2% in Q4 2025.
Enovix (ENVX) Gross Margin (2022 - 2026) Analysis & Trends
Enovix has reported Gross Margin for 5 years, with the latest figure at 20.42% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 1530.0% year-over-year to 20.42%; the trailing twelve-month figure through Apr 2026 stood at 21.55% (up 2148.0% YoY), and the FY2025 full-year result was 19.19%, up 2805.0% from the prior year.
- Gross Margin for Q2 2026 stood at 20.42%, down from 22.2% in the prior quarter.
- The five-year high for Gross Margin was 26.0% in Q2 2025, with the low at 82762.5% in Q4 2022.
- Historically, Gross Margin has averaged 11467.08% across 5 years, with a median of 16.13% in 2024.
- The largest YoY upside for Gross Margin was 7445800 bps in 2023 against a maximum downside of 3378035 bps in 2023.
- Enovix's Gross Margin stood at 82762.5% in 2022, then surged by 100 bps to 167.84% in 2023, then surged by 106 bps to 10.83% in 2024, then jumped by 105 bps to 22.2% in 2025, then fell by 8 bps to 20.42% in 2026.
- The last three Gross Margin figures came in at 20.42% (Q2 2026), 22.2% (Q4 2025), and 17.53% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 30.03% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 35.88% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 33.32% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 39.32% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 29.65% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.77% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 49.29% |
| 10 | Enovix | 1.46 Bn | 1.46 Bn | 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% |