Enovix (ENVX) Tax Rate (2023 - 2026)
Enovix posted quarterly Tax Rate of 0.34% for Q2 2026, down 35.0% year-on-year from 0.52% in Q2 2025, and up 188.2% on a QoQ basis from 0.38% in Q4 2025.
Enovix (ENVX) has 4 years of Tax Rate data on file, last reported at 0.34% in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 35.0% year-over-year to 0.34%; the trailing twelve-month figure through Apr 2026 stood at 0.74% (up 4.0% YoY), and the FY2025 full-year result was 0.83%, up 21.0% from the prior year.
- Tax Rate for Q2 2026 stood at 0.34%, up from 0.38% in the prior quarter.
- Across five years, Tax Rate topped out at 3.8% in Q2 2024 and bottomed at 10.73% in Q3 2024.
- The 4-year median for Tax Rate is 0.51% (2026), against an average of 0.54%.
- The widest annual swing landed in 2024, when Tax Rate sank 422 bps; it then surged 1151 bps in 2025.
- A 4-year view of Tax Rate shows it stood at 1.04% in 2023, then sank by 404 bps to 3.17% in 2024, then surged by 88 bps to 0.38% in 2025, then surged by 188 bps to 0.34% in 2026.
- The last three Tax Rate figures came in at 0.34% (Q2 2026), 0.38% (Q4 2025), and 0.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 11.00 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 0.54 |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 20.63 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 22.59 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 3.86 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 25.73 |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 21.24 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 22.01 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -0.02 |
| 10 | Enovix | 1.45 Bn | 1.45 Bn | 1.55 Mn | 0.34 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 5, 2026 | 0.34 |
| Apr 5, 2026 | 0.34 |
| Dec 28, 2025 | -0.38 |
| Dec 28, 2025 | -0.38 |
| Sep 28, 2025 | 0.78 |
| Sep 28, 2025 | 0.78 |
| Jun 29, 2025 | 1.91 |
| Jun 29, 2025 | 1.91 |
| Mar 30, 2025 | 0.68 |
| Mar 30, 2025 | 0.68 |
| Dec 29, 2024 | -3.17 |
| Dec 29, 2024 | -3.17 |
| Sep 29, 2024 | -10.73 |
| Sep 29, 2024 | -10.73 |
| Jun 30, 2024 | 3.80 |
| Jun 30, 2024 | 3.80 |
| Mar 31, 2024 | 0.33 |
| Mar 31, 2024 | 0.33 |
| Dec 31, 2023 | 1.04 |
| Dec 31, 2023 | 1.04 |