Enovix (ENVX) Operating Expenses (2020 - 2026)

Enovix posted quarterly Operating Expenses of $45.4 million for Q2 2026, up 6.13% year-on-year from $42.8 million in Q2 2025, and down 2.24% on a QoQ basis from $46.5 million in Q4 2025.

Enovix (ENVX) has 7 years of Operating Expenses data on file, last reported at $45.4 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 6.13% year-over-year to $45.4 million; the trailing twelve-month figure through Apr 2026 stood at $186.0 million (down 13.54% YoY), and the FY2025 full-year result was $183.4 million, down 23.8% from the prior year.
  • Operating Expenses for Q2 2026 stood at $45.4 million, 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.
  • The 5-year median for Operating Expenses is $45.7 million (2025), against an average of $46.8 million.
  • The widest annual swing landed in 2022, when Operating Expenses soared 1408.28%; it then plunged 48.15% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $27.1 million in 2022, then surged by 93.62% to $52.4 million in 2023, then plunged by 32.11% to $35.6 million in 2024, then soared by 30.7% to $46.5 million in 2025, then declined by 2.24% to $45.4 million in 2026.
  • The last three Operating Expenses figures came in at $45.4 million (Q2 2026), $46.5 million (Q4 2025), and $48.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 451.80 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 153.35 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 249.90 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 241.50 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 132.60 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 30.13 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 387.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 19.72 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 87.88 Mn
10 Enovix 1.45 Bn 1.45 Bn 1.55 Mn 45.45 Mn

Historic Data

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DateValue
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
Dec 31, 2020 17.77 Mn
Sep 30, 2020 1.15 Mn