Enovix (ENVX) Gross Margin (2022 - 2026)
Enovix (ENVX) posted Gross Margin of 14.43% for Q2 2026, down 11.58 percentage points from 26.00% a year earlier and down 5.99 percentage points from the prior quarter.
Powered by 
Analysis
Enovix (ENVX) Gross Margin (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jul 5, 2026, Gross Margin at Enovix was 18.83%, up 9.01 percentage points year-over-year; for FY2025, it came in at 19.19%, up 28.05 percentage points from FY2024.
- Annual Gross Margin shows a three-year change of +293.89 percentage points (FY2022 to FY2025).
- In prior years, Enovix's Gross Margin was -8.86% in FY2024 (+716.11 pp), -724.97% in FY2023 (-450.27 pp) and -274.70% in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin increased in seven of the last eight quarters, with an average year-over-year change of +1074.81 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2024, with a gain of 58189.67 percentage points; the weakest was Q2 2026, with a drop of 11.58 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 20.42% (Q1 2026), 22.20% (Q4 2025) and 17.53% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 49.89% |
| 10 | Enovix | 635.67 Mn | 637.71 Mn | 1.30 Mn | 14.43% |
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% |
API Access
Enovix Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ENVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ENVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ENVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();