Enovix (ENVX) Gross Margin (2022 - 2026)
Enovix's (ENVX) quarterly Gross Margin came in at 20.42% in Q2 2026, up 1530.0% YoY from 1.25% in Q2 2025, and down 8.02% on a QoQ basis from 22.2% in Q4 2025.
Enovix (ENVX) Gross Margin (2022 - 2026) Analysis & Trends
Enovix (ENVX) has 5 years of Gross Margin data on file, last reported at 20.42% in 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 declined to 20.42% in Q2 2026, from 22.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 26.0% in Q2 2025 to a low of 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.
- The widest YoY moves for Gross Margin: up 7445800 bps in 2023, down 3378035 bps in 2023.
- Tracing ENVX's Gross Margin over 5 years: 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 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 37.71% |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 33.38% |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 35.81% |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 37.93% |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 41.13% |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 50.62% |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 30.57% |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 33.49% |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -0.94% |
| 10 | Enovix | 746.18 Mn | 746.18 Mn | 1.30 Mn | 14.43% |
Historic Data
Download 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% |