Enovix (ENVX) Net Income (2020 - 2026)
Enovix (ENVX) posted Net Income of -$38.3 million for Q2 2026, down 9.18% on a QoQ basis from -$35.0 million in Q4 2025, and down 62.59% year-over-year from -$102.3 million in Q2 2025.
Enovix (ENVX) Net Income (2020 - 2026) Analysis & Trends
Enovix's Net Income history runs 7 years deep, the most recent figure standing at -$38.3 million for Q2 2026.
- Quarterly Net Income fell 62.59% year-over-year to -$38.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was -$171.3 million (up 14.15% YoY) and the FY2025 annual result came in at -$156.6 million, up 29.63% from the prior year.
- Net Income was -$38.3 million for Q2 2026 at Enovix, down from -$35.0 million in the prior quarter.
- Across five years, Net Income topped out at -$16.2 million in Q4 2023 and bottomed at -$115.9 million in Q2 2024.
- A 5-year average of -$49.1 million and a median of -$44.3 million in 2025 frame the typical range for Net Income.
- Annual changes were most pronounced in 2022 — Net Income surged 76.81% — and 2025, when it slumped 137.52%.
- Enovix's Net Income stood at -$31.9 million in 2022, then sank by 88.01% to -$60.0 million in 2023, then soared by 37.62% to -$37.5 million in 2024, then advanced by 6.44% to -$35.0 million in 2025, then declined by 9.18% to -$38.3 million in 2026.
- Business Quant data shows ENVX's Net Income at -$38.3 million in Q2 2026, -$35.0 million in Q4 2025, and -$53.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.96 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 73.66 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 183.00 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 2.00 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | -500,000.00 |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | -55.00 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 45.89 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 77.30 Mn |
| 10 | Enovix | 943.39 Mn | 945.45 Mn | 1.55 Mn | -38.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 5, 2026 | -38.26 Mn |
| Dec 28, 2025 | -35.04 Mn |
| Sep 28, 2025 | -53.77 Mn |
| Jun 29, 2025 | -44.27 Mn |
| Mar 30, 2025 | -23.53 Mn |
| Dec 29, 2024 | -37.45 Mn |
| Sep 29, 2024 | -22.64 Mn |
| Jun 30, 2024 | -115.95 Mn |
| Mar 31, 2024 | -46.50 Mn |
| Dec 31, 2023 | -60.04 Mn |
| Oct 1, 2023 | -16.19 Mn |
| Jul 2, 2023 | -64.31 Mn |
| Apr 2, 2023 | -73.60 Mn |
| Jan 1, 2023 | -86.14 Mn |
| Oct 2, 2022 | -31.93 Mn |
| Jul 3, 2022 | -27.40 Mn |
| Apr 3, 2022 | -57.48 Mn |
| Oct 3, 2021 | -78.62 Mn |
| Jun 30, 2021 | -118.14 Mn |
| Mar 31, 2021 | -51.35 Mn |