Enovix (ENVX) Operating Expenses (2020 - 2026)
Enovix's (ENVX) quarterly Operating Expenses came in at $45.4 million in Q2 2026, up 6.13% YoY from $42.8 million in Q2 2025, and down 2.24% on a QoQ basis from $46.5 million in Q4 2025.
Enovix (ENVX) Operating Expenses (2020 - 2026) Analysis & Trends
Enovix (ENVX) has 7 years of Operating Expenses data on file, last reported at $45.4 million in 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 declined to $45.4 million in Q2 2026, from $46.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $88.1 million in Q2 2024 to a low of $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 slumped 48.15%.
- Tracing ENVX's Operating Expenses over 5 years: stood at $27.1 million in 2022, then jumped by 93.62% to $52.4 million in 2023, then sank by 32.11% to $35.6 million in 2024, then surged by 30.7% to $46.5 million in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.08 Bn | 97.97 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 57.85 Bn | 55.18 Bn | 355.57 Mn | 173.34 Mn |
| 3 | Hubbell | 24.93 Bn | 24.54 Bn | 613.00 Mn | 264.40 Mn |
| 4 | nVent Electric | 24.81 Bn | 24.55 Bn | 558.00 Mn | 257.30 Mn |
| 5 | Advanced Energy Industries | 11.12 Bn | 9.70 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.40 Bn | 9.98 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.25 Bn | 6.61 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.91 Bn | 6.38 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Plug Power | 3.21 Bn | 2.89 Bn | -1.68 Mn | 62.43 Mn |
| 10 | Enovix | 747.28 Mn | 747.28 Mn | 1.30 Mn | 44.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 5, 2026 | 44.60 Mn |
| 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 |