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Enovix (ENVX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Enovix (ENVX) Q2 2026 earnings results →
Q2 2026 Revenue up 21% year over year to $9.0M · 477¢ of every $1 of revenue lost · operating margin -479.8%
Enovix made $9.0M in Q2 2026 (+21% Y/Y). Operating margin -479.8%, net loss $43.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $9.0M in Q2 2026, up 21% year over year and up 19% from the previous quarter.
Gross margin was 14.4%, down 11.6 points from Q2 2025. Operating costs exceeded revenue by $43.3M, an operating margin of -479.8%. Operating expenses fell 2% while revenue rose 21%. The fastest-growing cost line was SG&A (+15%). The quarter ended with a net loss of $43.1M, wider than the previous quarter's $38.3M loss. Minority interests bore $14K of it: to shareholders the quarter was a loss of $43.1M.
Operating cash flow was −$21.8M. Non-cash charges added back $10.0M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $9.6M exceeded it, leaving free cash flow of −$31.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $9.0M | +21% | -479.8% | −$43.1M | −$21.8M |
| Q1 2026 | 10-Q | May 14, 2026 | $7.6M | +49% | -577.6% | −$38.3M | −$33.1M |
| Q4 2025 | 10-K | Feb 25, 2026 | $11.3M | +16% | -390.5% | −$35.0M | −$27.0M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $8.0M | +85% | -587.9% | −$53.8M | −$25.5M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $7.5M | +98% | -585.6% | −$44.3M | −$25.9M |
| Q1 2025 | 10-Q | May 2, 2025 | $5.1M | -3% | -834.8% | −$23.5M | −$16.9M |
| Q4 2024 | 10-K | Feb 25, 2025 | $9.7M | +32% | -355.2% | −$37.5M | −$16.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Enovix
Enovix Corporation (the “Company,” “we,” “us,” “our” and “Enovix”) is a global high-performance battery company focused on designing, developing, manufacturing, and commercializing advanced Lithium-ion, or Li-ion, batteries, including proprietary silicon-anode architectures, for smartphones, smart eyewear, defense, industrial and emerging edge-AI applications. Our proprietary silicon-anode battery architecture enables higher energy density and performance relative to conventional battery cells, particularly in space-constrained devices. Our battery’s mechanical design, or “architecture,” allows us to use high performance chemistries while maintaining safety and reliability, supporting commercialization opportunities across various consumer and industrial markets.
In its own words, from its 10-K, filed Feb 25, 2026.
Enovix against its Miscellaneous Electrical Machinery, Equipment & Supplies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +8%. Operating margin: -479.8% against the peers' median 2.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ENVX Enovix | Q2 2026 | $9.0M | +21% | -479.8% |
| ENS EnerSys | Q1 FY27 | $936M | +5% | 16.2% |
| ATKR Atkore | Q3 FY26 | $795M | +8% | 8.1% |
| SPB Spectrum Brands Holdings | Q3 FY26 | $753M | +8% | 2.1% |
| ENR Energizer Holdings | Q3 FY26 | $734M | +1% | 6.8% |
| FLNC Fluence Energy | Q3 FY26 | $650M | +8% | -6.7% |
| NOVT Novanta | Q2 2026 | $266M | +10% | 6.8% |
| CHPT ChargePoint Holdings | Q2 FY27 | $116M | +18% | -29.3% |
| MVST Microvast Holdings | Q2 2026 | $87.3M | -4% | -2.0% |
Source: Enovix 10-Q on SEC EDGAR · CIK 1828318 · Miscellaneous Electrical Machinery, Equipment & Supplies
13F: who owns ENVX and who is buying
More on ENVX
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results