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
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