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| 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 |