Enovix (ENVX) Operating Income (2020 - 2026)
Enovix (ENVX) reported Operating Income of -$43.9 million for Q2 2026, down 3.14% on a YoY basis from -$45.3 million in Q2 2025, and little changed quarter-over-quarter from -$44.0 million in Q4 2025.
Enovix (ENVX) Operating Income (2020 - 2026) Analysis & Trends
Enovix has reported Operating Income for 7 years, with the latest figure at -$43.9 million in Q2 2026.
- For the quarter ending Q2 2026, Operating Income fell 3.14% year-over-year to -$43.9 million; the trailing twelve-month figure through Apr 2026 stood at -$178.6 million (up 16.97% YoY), and the FY2025 full-year result was -$177.3 million, up 26.96% from the prior year.
- Operating Income for Q2 2026 stood at -$43.9 million, roughly flat from -$44.0 million in the prior quarter.
- The five-year high for Operating Income was -$25.1 million in Q2 2022, with the low at -$88.8 million in Q2 2024.
- Historically, Operating Income has averaged -$51.1 million across 5 years, with a median of -$47.0 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Income plunged 151.84% — and 2025, when it jumped 50.72%.
- Enovix's Operating Income stood at -$33.7 million in 2022, then tumbled by 92.34% to -$64.8 million in 2023, then soared by 46.72% to -$34.5 million in 2024, then slipped by 27.44% to -$44.0 million in 2025, then rose by 0.21% to -$43.9 million in 2026.
- The last three Operating Income figures came in at -$43.9 million (Q2 2026), -$44.0 million (Q4 2025), and -$47.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 440.10 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 72.20 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 195.70 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 263.80 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 68.30 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 57.58 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -11.26 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 133.00 Mn |
| 10 | Enovix | 1.46 Bn | 1.46 Bn | 1.55 Mn | -43.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 5, 2026 | -43.90 Mn |
| Dec 28, 2025 | -43.99 Mn |
| Sep 28, 2025 | -46.97 Mn |
| Jun 29, 2025 | -43.73 Mn |
| Mar 30, 2025 | -42.56 Mn |
| Dec 29, 2024 | -34.52 Mn |
| Sep 29, 2024 | -49.27 Mn |
| Jun 30, 2024 | -88.75 Mn |
| Mar 31, 2024 | -70.14 Mn |
| Dec 31, 2023 | -64.78 Mn |
| Oct 1, 2023 | -50.38 Mn |
| Jul 2, 2023 | -51.85 Mn |
| Apr 2, 2023 | -63.25 Mn |
| Jan 1, 2023 | -87.22 Mn |
| Oct 2, 2022 | -33.68 Mn |
| Jul 3, 2022 | -28.03 Mn |
| Apr 3, 2022 | -25.12 Mn |
| Oct 3, 2021 | -19.20 Mn |
| Jun 30, 2021 | -14.18 Mn |
| Mar 31, 2021 | -11.38 Mn |