Friday 6 November 2026
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Enovix Corporation
ENVX Industrials Electrical Equipment & Parts
Enovix Corporation’s revenue for fiscal 2025 (year ended December 2025) was $31.8 million, up 37.9% from fiscal 2024.
- Revenue
- +20.8%
- EPS
- +9.09%
- Free cash flow
- +7.17%
- Total debt
- +195.6%
Quarter to June 2026, against a year earlier
2.78
0.38
+15.83%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 6 | 8 | 23 | 32 | 36 | +72.5% | 39 | 76 | 225 | +92.0% | |
| Gross margin, % | — | — | — | — | 0.00 | 0.00 | (274.70) | (724.97) | (8.86) | 19.19 | 18.83 | +19.2 pt | ||||||
| EBT | — | — | — | — | (40) | (126) | (52) | (215) | (224) | (158) | (171) | +31.8% | ||||||
| EBT margin, % | — | — | — | — | 0.00 | 0.00 | (832.34) | (2,809.59) | (970.47) | (496.27) | (476.61) | (496.3) pt | ||||||
| Net income | — | 0 | — | — | (40) | (126) | (52) | (214) | (223) | (157) | (170) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.00 | 0.04 | 0.05 | 0.12 | 0.15 | 0.16 | n/m | |||||
| Earnings | — | — | — | — | (0.49) | (1.07) | (0.34) | (1.27) | (1.19) | (0.75) | (0.80) | +8.7% | ||||||
| Cash flow | — | — | — | — | (0.25) | (0.44) | (0.54) | (0.62) | (0.58) | (0.46) | (0.49) | +13.0% | ||||||
| Capex | — | — | — | — | (0.34) | (0.37) | (0.24) | (0.37) | (0.41) | (0.09) | (0.08) | (23.5%) | ||||||
| Free cash flow | — | — | — | — | (0.58) | (0.81) | (0.78) | (0.98) | (0.99) | (0.55) | (0.57) | (1.3%) | ||||||
| Book value | — | — | — | — | 0.45 | 2.78 | 2.33 | 1.54 | 1.34 | 1.32 | 0.97 | +24.0% | ||||||
| Shares, m | — | — | — | — | 80 | 117 | 153 | 169 | 186 | 208 | 212 | +20.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | 0.00 | 270.27 | 87.64 | 47.70 | 16.93 | 101.4 | ||||||
| P/B | — | — | — | — | — | — | 5.20 | 7.91 | 8.11 | 5.54 | 2.87 | 6.7 | ||||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 253.03 | 83.59 | 48.24 | 18.49 | 96.2 | ||||||
| EV/FCF | — | — | — | — | — | — | (13.06) | (11.62) | (10.44) | (13.52) | (5.34) | (12.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (20) | (51) | (83) | (105) | (109) | (95) | (107) | +36.6% | |||||
| Capex | — | — | — | — | (27) | (44) | (36) | (62) | (76) | (18) | (17) | (7.5%) | ||||||
| Free cash flow | — | — | — | — | (47) | (95) | (119) | (166) | (185) | (114) | (124) | +19.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 22 | 377 | 307 | 262 | 241 | 477 | 454 | +84.7% | |||||
| Net debt | — | — | — | — | (29) | (376) | (315) | (132) | (94) | 17 | 56 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | 36 | 326 | 356 | 261 | 249 | 274 | 212 | +49.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (122.07) | (45.98) | (11.18) | (42.61) | (40.72) | (22.29) | (26.80) | +99.8 pt | |||||
| ROIC | — | — | — | — | (207.92) | 0.00 | (197.29) | (111.30) | (97.34) | (38.06) | (41.58) | +169.9 pt | ||||||
| ROE | — | — | — | — | (21.89) | (69.48) | (15.13) | (69.33) | (87.07) | (59.89) | (81.23) | (38.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 215 | 335 | 560 | 570 | 664 | — | +32.6% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.02 | 0.01 | 0.04 | 0.05 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Enovix Corporation vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR | $977.8M | — | — | — | — | — | — | — | Compare |
| FCEL FuelCell Energy, Inc. | $714.0M | — (loss-making) | — (loss-making) | −29.40% (below 0%: shrinking) | n/m | +45.78% (above 0%: growing) | (74.25%) | (141.39%) | Compare |
| ADSE ADS-TEC Energy PLC | $692.5M | — (loss-making) | 12.6× | — | n/m | −62.65% (below 0%: shrinking) | (1.39%) | 0.00% | Compare |
| EOSE Eos Energy Enterprises, Inc. | $684.6M | 1.7× | 1.2× | +171.14% (above 0%: growing) | n/m | −27.19% (below 0%: shrinking) | (53.43%) | (95.88%) | Compare |
| TE T1 Energy Inc | $682.9M | — (loss-making) | — (loss-making) | +88.40% (above 0%: growing) | n/m | −1,334.38% (below 0%: shrinking) | 19.63% | (9.11%) | Compare |
| ENVX Enovix Corporation | $526.7M | — (loss-making) | — (loss-making) | +20.84% (above 0%: growing) | n/m | +7.17% (above 0%: growing) | 14.43% | (479.79%) | |
| KE Kimball Electronics, Inc. | $490.6M | 22.8× | 20.3× | +6.89% (above 0%: growing) | −73.17% (below 0%: shrinking) | −1,463.73% (below 0%: shrinking) | 7.90% | 3.17% | Compare |
| HYLN Hyliion Holdings Corp. | $469.7M | — (loss-making) | — (loss-making) | +226.34% (above 0%: growing) | n/m | +48.39% (above 0%: growing) | 7.40% | (309.43%) | Compare |
| FAC Factorial Energy Inc. | $422.7M | 44.2× | — | — | n/m | +11.54% (above 0%: growing) | — | 0.00% | Compare |
| Median of peers | $683.8M | 22.8× | 12.6× | +88.40% | — | −27.19% | 3.01% | (9.11%) |
Pay and ownership Proxy statement filed 24 April 2026
Ownership
Directors and executive officers, together
12.70%
Thurman John Rodgers
11.80%
The Vanguard Group
7.50%
BlackRock, Inc.
5.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement