Stocks · Industrials · Electrical Equipment & Parts
Enovix Corporation ENVX
$2.80 +0.72% Close, Oct 2, 2026 · NASDAQ · Market cap $610.8M
Weak trendExpensive vs sectorHigh risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to -496.5% from -639.4% a year earlier.
- Over the past year the stock returned -74.8%, behind the S&P 500 by 89.9 percentage points.
- The stock is 79% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 12%
- Revenue growth, 3-year CAGRTop 2%
- Revenue growth accelerationBottom 5%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 7%
- Gross marginBottom 2%
- Operating marginBottom 3%
- Accruals (lower is better)Top 24%
- Interest coverBottom 14%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 9%
- Free-cash-flow yieldBottom 9%
- EBITDA / enterprise valueBottom 10%
- Sales / enterprise valueBottom 2%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 3%
- 6-month returnBottom 4%
- 1-year return vs S&P 500Bottom 2%
- Distance from 52-week highBottom 3%
- Trend checklist (0–4)Bottom 15%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 34%
- Consecutive EPS beatsTop 12%
- Share of analysts rating BuyTop 27%
- Upside to consensus price targetTop 2%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 8%
- Maximum drawdown, 3 yearsBottom 8%
- Beta vs S&P 500 (lower is better)Bottom 7%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 49.9% | 34.9% | ↓ |
| Gross margin | -55.1% | -23.7% | ↑ |
| Operating margin | -639.4% | -496.5% | ↑ |
| FCF margin | -524.6% | -346.2% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 34.9% | 49.9% | ↓ | Top 12% |
| Gross margin | -23.7% | -55.1% | ↑ | Bottom 2% |
| Operating margin | -496.5% | -639.4% | ↑ | Bottom 3% |
| Net margin | -473.9% | -481.3% | ↑ | — |
| Free-cash-flow margin | -346.2% | -524.6% | ↑ | — |
| Return on invested capital | -23.4% | — | Bottom 7% | |
| Revenue growth, 3-year CAGR | 72.5% | — | Top 2% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 133.9%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -77.0 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -5.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -28.68%
- Shareholder yield
- -28.68%
- Share count change, 1 year
- +6.7%
- Share count change, 3-year CAGR
- +11.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 5, 2026 (filed Aug 12, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 9
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +11.9%
- Average 2-day reaction, last 8
- -0.4%
- Positive 20 days after report
- 1 of 8
Analysts
- Consensus price target
- $10.75
- Target vs current price
- +283.9%
- Analysts with a rating
- 17
- Share rating Buy or Strong Buy
- 71%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 12, 2026 | +10.7% | -2.1% | -35.0% | -34.6% | — |
| May 13, 2026 | +6.7% | +4.6% | -20.7% | -9.9% | -32.6% |
| Feb 25, 2026 | +17.6% | +0.7% | -17.0% | -17.5% | +4.1% |
| Nov 5, 2025 | +12.5% | +1.9% | -20.4% | -24.9% | -38.3% |
| Jul 31, 2025 | +13.3% | -0.7% | -16.8% | -22.1% | -15.0% |
| Apr 30, 2025 | +16.7% | -1.0% | -10.0% | +22.6% | +117.0% |
| Feb 19, 2025 | +38.9% | +0.3% | -15.4% | -29.4% | -28.4% |
| Oct 29, 2024 | +15.0% | -6.8% | -26.9% | -16.5% | -2.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 12, 2026 | -$0.13 | -$0.15 | +10.7% | $9.0M |
| May 13, 2026 | -$0.14 | -$0.15 | +6.7% | $7.6M |
| Feb 25, 2026 | -$0.14 | -$0.17 | +17.6% | $11.3M |
| Nov 5, 2025 | -$0.14 | -$0.16 | +12.5% | $8.0M |
| Jul 31, 2025 | -$0.13 | -$0.15 | +13.3% | $7.5M |
| Apr 30, 2025 | -$0.15 | -$0.18 | +16.7% | $5.1M |
| Feb 19, 2025 | -$0.11 | -$0.18 | +38.9% | $9.7M |
| Oct 29, 2024 | -$0.17 | -$0.20 | +15.0% | $4.3M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 31.06× | — | — | Bottom 2% |
| Free-cash-flow yield | -20.33% | — | — | Bottom 9% |
| Earnings yield | -28.93% | — | — | Bottom 9% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -20.4%
- 200-day average slope (20 days)
- -8.2%
- Distance from 50-day average
- -20.4%
- Distance from 200-day average
- -50.6%
- RSI (14)
- 39.1
- Relative volume
- 0.64×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 90.2%
- Volatility vs own 5-year history
- 51th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.36
- Correlation with S&P 500
- 0.47
- Current drawdown from 1-year high
- -78.8%
- Maximum drawdown, 3 years
- -86.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 19, 2021 | Sep 28, 2026 | -92.8% | 1216 days | Not yet recovered |
| Jul 2, 2021 | Aug 18, 2021 | -44.6% | 32 days | 50 days (Oct 28, 2021) |
| Feb 22, 2021 | May 12, 2021 | -42.7% | 56 days | 32 days (Jun 28, 2021) |
| Jan 22, 2021 | Jan 27, 2021 | -16.7% | 3 days | 5 days (Feb 3, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $610.8M
- EPS, diluted (TTM)
- -$0.81
- Revenue (TTM)
- $35.9M
- 52-week range
- $2.48 – $14.21
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $6.2M | $7.6M | $23.1M | $31.8M |
| Gross profit | -$2.0M | -$17.0M | -$55.4M | -$2.0M | -$27.6M |
| Operating income | -$69.5M | -$127.1M | -$230.3M | -$242.7M | -$176.6M |
| Net income | -$125.9M | -$51.6M | -$214.1M | -$222.2M | -$156.7M |
| EPS (diluted) | -$1.08 | -$0.82 | -$1.38 | -$1.27 | -$0.75 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3M | $9.7M | $5.1M | $7.5M | $8.0M | $11.3M | $7.6M | $9.0M |
| Net income | -$22.5M | -$37.5M | -$23.5M | -$44.5M | -$53.7M | -$35.0M | -$38.3M | -$43.1M |
| EPS (diluted) | -$0.30 | -$0.20 | -$0.12 | -$0.22 | -$0.27 | -$0.16 | -$0.18 | -$0.20 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$51.3M | -$82.7M | -$104.6M | -$108.6M | -$95.3M |
| Capital expenditure | -$43.6M | -$36.2M | -$61.8M | -$76.2M | -$18.2M |
| Free cash flow | -$94.9M | -$119.0M | -$166.4M | -$184.8M | -$113.5M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $77.4M | $57.1M | $14.3M | $153.5M | $178.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $475.8M
- Total assets
- $799.6M
- Total liabilities
- $587.6M
- Total debt
- $537.5M
- Net debt
- $503.7M
- Shareholders’ equity
- $209.9M
As of Jul 5, 2026 (filed Aug 12, 2026).
Short interest
- Shares sold short
- 52,944,241
- Days to cover
- 9.61
- Change vs previous report
- -1.4%
FINRA short interest, settlement date Sep 15, 2026.