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 🔒
DateValue
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