Enovix Corporation (ENVX)
| Market Cap | 573.55M -77.6% |
| Revenue (ttm) | 35.88M +34.9% |
| Net Income | -170.03M |
| EPS | -0.79 |
| Shares Out | 214.01M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 12,140,705 |
| Open | 2.370 |
| Previous Close | 2.440 |
| Day's Range | 2.350 - 2.760 |
| 52-Week Range | 2.350 - 14.210 |
| Beta | 2.48 |
| Analysts | Buy |
| Price Target | 9.75 (+263.81%) |
| Earnings Date | Nov 12, 2026 |
About ENVX
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.
Financial Performance
In 2025, Enovix's revenue was $31.82 million, an increase of 37.91% compared to the previous year's $23.07 million. Losses were -$156.74 million, -29.47% less than in 2024.
Financial StatementsAnalyst Summary
According to 12 analysts, the average rating for ENVX stock is "Buy." The 12-month stock price target is $9.75, which is an increase of 263.81% from the latest price.
News
Enovix receives 100,000-battery drone order
Enovix (ENVX) on Tuesday announced a purchase order from a multinational provider of dual-use drone systems. The initial order is for 100,000 battery units, with deliveries scheduled in the first…
Enovix Receives 100,000-Battery Drone Order
FREMONT, Calif., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix" or the "Company," Nasdaq: ENVX), a developer and manufacturer of advanced lithium-ion batteries, today announced a purch...
Enovix price target lowered to $5 from $16 at Northland
Northland analyst Gus Richard lowered the firm’s price target on Enovix (ENVX) to $5 from $16 and keeps an Outperform rating on the shares. The drone, defense, and industrial pipelines…
Enovix reports preliminary Q3 revenue $11M, consensus $9.49M
Ryan Benton, interim CEO, said, “We are focusing on moving our $216 million drone, defense and industrial pipeline forward into design wins, purchase orders and shipments. The added Korean manufacturi...
Enovix promotes Steve Bakos to chief revenue officer
Steve Bakos, senior VP of Worldwide Sales, has been promoted to the newly created role of chief revenue officer and general manager. Bakos will report to interim CEO Benton, and…
Enovix price target lowered to $10 from $15 at StoneX
StoneX lowered the firm’s price target on Enovix (ENVX) to $10 from $15 and keeps a Buy rating on the shares. The firm’s refreshed model reflects “a more measured commercialization…
Enovix's TAA-Compliant Battery Manufacturing Strengthens Position with U.S. Defense Supply Chain
FREMONT, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode ar...
Enovix to double South Korea drone battery capacity, expects online mid-2027
Enovix (ENVX) provided additional details of its accelerated capacity expansion in South Korea, whose first phase is expected to double production capacity for its flagship drone products, and of the…
Enovix to Double Korea Drone Battery Capacity
Expansion Leverages Existing Company-Owned South Korea Facility, With Added Capacity Expected in Mid-2027 Expansion Leverages Existing Company-Owned South Korea Facility, With Added Capacity Expected ...
Enovix Reports on CEO Transition Webcast
A CEO Transition, Not a Strategy Transition Q3'26 Guidance Reaffirmed; ~$552 Million in Cash A CEO Transition, Not a Strategy Transition Q3'26 Guidance Reaffirmed; ~$552 Million in Cash
Enovix price target lowered to $5 from $8 at BofA
BofA lowered the firm’s price target on Enovix (ENVX) to $5 from $8 and keeps a Neutral rating on the shares. The firm sees the resignation of CEO Raj Talluri…
Enovix Transcript: Status update
A CEO transition is underway, but strategy, leadership, and customer programs remain unchanged. The company achieved a major technical milestone with 1,000-cycle AI smartphone batteries, is ramping manufacturing, and maintains strong customer and financial positions. Mechanical dicing is expected to significantly boost production throughput.
Enovix price target lowered to $15 from $100 at Loop Capital
Loop Capital lowered the firm’s price target on Enovix (ENVX) to $15 from $100 and keeps a Buy rating on the shares.
Enovix downgraded to Market Perform from Outperform at William Blair
William Blair analyst Jed Dorsheimer downgraded Enovix (ENVX) to Market Perform from Outperform without a price target following the resignation of CEO Raj Talluri. The news is a surprise and…
Enovix CEO Raj Talluri resigns, T.J. Rodgers appointed chairman
Enovix (ENVX) announced that Raj Talluri has resigned his position as CEO and director of the company, effective August 13, to pursue another opportunity. The company’s board of directors accepted…
Enovix reports Q2 non-GAAP EPS (13c), consensus (15c)
Reports Q2 revenue $9.0M, consensus $8.43M. “The second quarter showed momentum across all three of our target markets: our lead customer confirmed passing a defining smartphone qualification mileston...
Enovix sees Q3 non-GAAP EPS (17c)-(13c), consensus (14c)
Sees Q3 capital expenditures of $8.0M-12.0M.
Enovix price target lowered to $7 from $8 at Craig-Hallum
Craig-Hallum lowered the firm’s price target on Enovix (ENVX) to $7 from $8 and keeps a Buy rating on the shares. The firm believes Enovix has strong Li-ion battery technology,…
Enovix price target lowered to $9 from $10 at B. Riley
B. Riley lowered the firm’s price target on Enovix (ENVX) to $9 from $10 and keeps a Buy rating on the shares. The firm updated its model post the Q2…
Enovix Earnings Call Transcript: Q2 2026
Q2 saw strong progress in smartphones, smart eyewear, and drone/defense, with revenue up 21% year-over-year and a robust cash position. Smartphone batteries passed a key customer test, smart eyewear entered commercial production, and the drone/defense pipeline expanded 41%.
Enovix Earnings release: Q2 2026
Enovix released its Q2 2026 earnings on August 12, 2026, summarizing the period's financial results.
Enovix Quarterly report: Q2 2026
Enovix has published its Q2 2026 quarterly earnings report on August 12, 2026.
Enovix Slides: Q2 2026
Enovix has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 12, 2026.
Enovix Reports Second Quarter 2026 Results
Second Quarter Revenue of $9.0 Million, Up 21% Year-over-Year, at High End of Guidance; First Half 2026 Revenue of $16.6 Million, Up 32% Year-over-Year Lead Smartphone Customer Confirms Passing More t...
Enovix to Report Second Quarter 2026 Financial Results on August 12, 2026
FREMONT, Calif., July 22, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode arc...