Enovix (ENVX) Operating Income (2020 - 2026)

Enovix (ENVX) posted Operating Income of -$43.9 million for Q2 2026, little changed on a QoQ basis from -$44.0 million in Q4 2025, and down 3.14% year-over-year from -$45.3 million in Q2 2025.

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

Enovix's Operating Income history runs 7 years deep, the most recent figure standing at -$43.9 million for Q2 2026.

  • Quarterly Operating Income fell 3.14% year-over-year to -$43.9 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was -$178.6 million (up 16.97% YoY) and the FY2025 annual result came in at -$177.3 million, up 26.96% from the prior year.
  • Operating Income was -$43.9 million for Q2 2026 at Enovix, roughly flat from -$44.0 million in the prior quarter.
  • Across five years, Operating Income topped out at -$25.1 million in Q2 2022 and bottomed at -$88.8 million in Q2 2024.
  • A 5-year average of -$51.1 million and a median of -$47.0 million in 2025 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2023 — Operating Income tumbled 151.84% — and 2025, when it jumped 50.72%.
  • Enovix's Operating Income stood at -$33.7 million in 2022, then sank by 92.34% to -$64.8 million in 2023, then surged by 46.72% to -$34.5 million in 2024, then declined by 27.44% to -$44.0 million in 2025, then advanced by 0.21% to -$43.9 million in 2026.
  • Business Quant data shows ENVX's Operating Income at -$43.9 million in Q2 2026, -$44.0 million in Q4 2025, and -$47.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.18 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 440.10 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 72.19 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 263.80 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 195.70 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 68.30 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 193.30 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 57.58 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 123.70 Mn
10 Enovix 943.39 Mn 945.45 Mn 1.55 Mn -43.90 Mn

Historic Data

Download Data
DateValue
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