Filing Flows › Enovix (ENVX) › Q1 2026
Enovix (ENVX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Enovix (ENVX) reported revenue of $7.6M for the first quarter 2026 (Q1 2026), +49% from a year earlier and -33% from the quarter before. Operating margin was -577.6%, net loss $38.3M (503.4% of revenue).
Enovix, Q1 2026: revenue $7.6M (+49% year over year), operating margin -577.6%, net loss $38.3M, operating cash flow −$33.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6M | -33% | +49% |
| Operating profit | −$43.9M | — | — |
| Net earnings | −$38.3M | — | — |
| Operating cash flow | −$33.1M | — | — |
What changed
Revenue was $7.6M in Q1 2026, up 49% year over year and down 33% from the previous quarter.
Gross margin was 20.4%, up 15.3 points from Q1 2025. Operating costs exceeded revenue by $43.9M, an operating margin of -577.6%. Operating expenses grew 6% against revenue growth of 49%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $38.3M, wider than the previous quarter's $35.0M loss.
Operating cash flow was −$33.1M. Non-cash charges added back $9.4M of depreciation and amortization and $11.8M of share-based compensation. Working capital and other items used $15.9M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$36.3M.
Questions
What was Enovix's revenue in the first quarter 2026?
Enovix (ENVX) reported revenue of $7.6M for the first quarter 2026 (Q1 2026), +49% from a year earlier and -33% from the quarter before.
Was Enovix profitable in the first quarter 2026?
Operating loss was $43.9M (-577.6% of revenue) and net loss $38.3M.
Source: Enovix 10-Q on SEC EDGAR.