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
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