Enovix (ENVX) Operating Income (2020 - 2026)
Enovix's (ENVX) quarterly Operating Income came in at -$43.3 million in Q3 2026, up 1.0% on a YoY basis from -$42.9 million in Q3 2025, and up 1.36% quarter-over-quarter from -$43.9 million in Q2 2026.
Analysis
Enovix (ENVX) Operating Income (2020 - 2026) Analysis & Trends
Enovix (ENVX) has reported Operating Income for 7 consecutive years, with -$43.3 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Income rose 1.0% year-over-year to -$43.3 million; the trailing twelve-month figure through Jul 2026 stood at -$178.2 million (down 4.75% YoY), and the FY2025 full-year result was -$177.3 million, up 26.96% from the prior year.
- Operating Income rose to -$43.3 million in Q3 2026 per ENVX's latest filing, from -$43.9 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.
- Historically, Operating Income has averaged -$50.6 million across 5 years, with a median of -$45.5 million in 2025.
- The sharpest annual moves came in 2023 and 2025: Operating Income sank 151.84% in 2023, then surged 50.72% in 2025.
- Over 5 years, 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 increased by 1.57% to -$43.3 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$43.3 million, -$43.9 million, and -$44.0 million for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.53 Bn | 6.00 Bn | 313.36 Mn | 151.41 Mn |
| 2 | QuantumScape | 3.23 Bn | 3.23 Bn | - | -106.13 Mn |
| 3 | Eos Energy Enterprises | 1.43 Bn | 1.08 Bn | -48.80 Mn | -83.81 Mn |
| 4 | Fluence Energy | 1.40 Bn | 839.06 Mn | 33.24 Mn | -29.79 Mn |
| 5 | Energy Vault Holdings | 764.95 Mn | 657.60 Mn | 5.38 Mn | -24.66 Mn |
| 6 | Enovix | 695.93 Mn | 695.93 Mn | 1.30 Mn | -43.30 Mn |
| 7 | Amprius Technologies | 466.27 Mn | 391.76 Mn | 9.28 Mn | -4.30 Mn |
| 8 | Electrovaya | 265.14 Mn | 252.06 Mn | 6.19 Mn | 788,000.00 |
| 9 | Microvast Holdings | 218.97 Mn | 75.84 Mn | 25.78 Mn | -1.72 Mn |
| 10 | Ses Ai | 173.54 Mn | 173.54 Mn | 1.15 Mn | -19.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | -43.30 Mn |
| 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 |