Enovix (ENVX) Operating Expenses (2020 - 2026)

Enovix (ENVX) reported Operating Expenses of $45.4 million for Q2 2026, up 6.13% on a YoY basis from $42.8 million in Q2 2025, and down 2.24% quarter-over-quarter from $46.5 million in Q4 2025.

Enovix (ENVX) Operating Expenses (2020 - 2026) Analysis & Trends

Enovix has reported Operating Expenses for 7 years, with the latest figure 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.
  • The five-year high for Operating Expenses was $88.1 million in Q2 2024, with the low at $24.6 million in Q2 2022.
  • Historically, Operating Expenses has averaged $46.8 million across 5 years, with a median of $45.7 million in 2025.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 1408.28% — and 2025, when it slumped 48.15%.
  • Enovix's Operating Expenses 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 153.35 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 249.90 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 241.50 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 132.60 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 30.13 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 16.90 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 387.40 Mn
10 Enovix 1.46 Bn 1.46 Bn 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