Enovix (ENVX) Operating Expenses (2020 - 2026)
Enovix (ENVX) posted Operating Expenses of $45.4 million for Q2 2026, down 2.24% on a QoQ basis from $46.5 million in Q4 2025, and up 6.13% year-over-year from $42.8 million in Q2 2025.
Enovix (ENVX) Operating Expenses (2020 - 2026) Analysis & Trends
Enovix's Operating Expenses history runs 7 years deep, the most recent figure standing at $45.4 million for Q2 2026.
- Quarterly Operating Expenses rose 6.13% year-over-year to $45.4 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $186.0 million (down 13.54% YoY) and the FY2025 annual result came in at $183.4 million, down 23.8% from the prior year.
- Operating Expenses was $45.4 million for Q2 2026 at Enovix, down from $46.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $88.1 million in Q2 2024 and bottomed at $24.6 million in Q2 2022.
- A 5-year average of $46.8 million and a median of $45.7 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 1408.28% — and 2025, when it sank 48.15%.
- Enovix's Operating Expenses stood at $27.1 million in 2022, then soared by 93.62% to $52.4 million in 2023, then tumbled by 32.11% to $35.6 million in 2024, then jumped by 30.7% to $46.5 million in 2025, then fell by 2.24% to $45.4 million in 2026.
- Business Quant data shows ENVX's Operating Expenses at $45.4 million in Q2 2026, $46.5 million in Q4 2025, and $48.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 2.76 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 153.35 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 241.50 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 249.90 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 413.10 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 30.13 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 589.73 Mn |
| 10 | Enovix | 943.39 Mn | 945.45 Mn | 1.55 Mn | 45.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 5, 2026 | 45.45 Mn |
| Dec 28, 2025 | 46.49 Mn |
| Sep 28, 2025 | 48.37 Mn |
| Jun 29, 2025 | 45.68 Mn |
| Mar 30, 2025 | 42.82 Mn |
| Dec 29, 2024 | 35.57 Mn |
| Sep 29, 2024 | 48.63 Mn |
| Jun 30, 2024 | 88.10 Mn |
| Mar 31, 2024 | 68.34 Mn |
| Dec 31, 2023 | 52.39 Mn |
| Oct 1, 2023 | 33.77 Mn |
| Jul 2, 2023 | 37.65 Mn |
| Apr 2, 2023 | 51.02 Mn |
| Jan 1, 2023 | 72.03 Mn |
| Oct 2, 2022 | 27.06 Mn |
| Jul 3, 2022 | 27.39 Mn |
| Apr 3, 2022 | 24.60 Mn |
| Oct 3, 2021 | 19.09 Mn |
| Jun 30, 2021 | 14.07 Mn |
| Mar 31, 2021 | 1.63 Mn |