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| 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 |