ENVX

Enovix Corporation

51
Fundamentals65/ 100
Valuation50/ 100
Upside potential62/ 100
Risk potential36/ 100

ENVX lost money over the past year, so it has no meaningful PE right now.

ENVX Fundamentals

MetricStatus
Healthy
Weak
Weak
Unavailable

ENVX's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.

ENVX PE Valuation

ENVX has no meaningful PE right now: it lost money over the past year.

ENVX Forward outlook

MetricOutlook
--
Losses steady
Strong growth
--
Limited
Low

Analysts expect ENVX's revenue to grow, with its earnings and profitability holding steady. However, they disagree widely on these estimates.

ENVX Risk to reward

ScenarioChangePrice
Upside+59%$2.87
Downside-36%$1.16

Calculated from the latest close: $1.80 on Nov 12.

ENVX's one-year upside scenario is somewhat larger than its downside: +59% against −36%.

ENVX Earnings Per Share

Q4 2023: $-1.38Q1 2024: $-1.19Q2 2024: $-1.45Q3 2024: $-1.46Q4 2024: $-1.46Q1 2025: $-1.30Q2 2025: $-0.85Q3 2025: $-0.82Q4 2025: $-0.75Q2 2026: $-0.81Q3 2026: $-0.79
Q4 2023: $-1.38Q1 2024: $-1.19Q2 2024: $-1.45Q3 2024: $-1.46Q4 2024: $-1.46Q1 2025: $-1.30Q2 2025: $-0.85Q3 2025: $-0.82Q4 2025: $-0.75Q2 2026: $-0.81Q3 2026: $-0.79
QuarterTTM EPSYoY
Q2 2026-$0.79+$0.06
Q1 2026-$0.81+$0.49
Q4 2025-$0.75+$0.71
Q3 2025-$0.82+$0.64
Q2 2025-$0.85+$0.60
Q1 2025-$1.30-$0.11
Q4 2024-$1.46-$0.08

ENVX is still losing money, but less than at its worst: $0.79 per share over the past year, against $1.50 at its worst in late 2022.

ENVX Quarterly Revenue

Q4 2023: $200,000Q4 2023: $7MQ1 2024: $5MQ2 2024: $4MQ3 2024: $4MQ4 2024: $10MQ1 2025: $5MQ2 2025: $7MQ3 2025: $8MQ4 2025: $11MQ2 2026: $8MQ3 2026: $9M
Q4 2023: $200,000Q4 2023: $7MQ1 2024: $5MQ2 2024: $4MQ3 2024: $4MQ4 2024: $10MQ1 2025: $5MQ2 2025: $7MQ3 2025: $8MQ4 2025: $11MQ2 2026: $8MQ3 2026: $9M
QuarterRevenueYoY
Q2 2026$9M+21%
Q1 2026$7.6M+49%
Q4 2025$11.3M+16%
Q3 2025$8M+85%
Q2 2025$7.5M+98%
Q1 2025$5.1M-3.3%
Q4 2024$9.7M+32%
Q3 2024$4.3M+2059%

ENVX's revenue has grown year over year for five quarters in a row: $9M last quarter, up 21% from the same quarter a year ago.

ENVX Free Cash Flow

Q4 2023: −$46MQ4 2023: −$56MQ1 2024: −$50MQ2 2024: −$52MQ3 2024: −$50MQ4 2024: −$32MQ1 2025: −$23MQ2 2025: −$34MQ3 2025: −$28MQ4 2025: −$28MQ2 2026: −$36MQ3 2026: −$31M
Q4 2023: −$46MQ4 2023: −$56MQ1 2024: −$50MQ2 2024: −$52MQ3 2024: −$50MQ4 2024: −$32MQ1 2025: −$23MQ2 2025: −$34MQ3 2025: −$28MQ4 2025: −$28MQ2 2026: −$36MQ3 2026: −$31M
QuarterFree cash flowYoY
Q2 2026-$31.4M+$2.4M
Q1 2026-$36.3M-$13.1M
Q4 2025-$28M+$4.3M
Q3 2025-$28.5M+$21.7M
Q2 2025-$33.8M+$18.3M
Q1 2025-$23.2M+$27M
Q4 2024-$32.3M+$23.7M
Q3 2024-$50.2M-$4.7M

ENVX has burned cash in almost every quarter: −$124M over the past year, against −$140M the year before.

ENVX Total Shares

Q4 2023: 161MQ4 2023: 160MQ1 2024: 168MQ2 2024: 172MQ3 2024: 177MQ4 2024: 175MQ1 2025: 191MQ2 2025: 205MQ3 2025: 207MQ4 2025: 208MQ2 2026: 217MQ3 2026: 219M
Q4 2023: 161MQ4 2023: 160MQ1 2024: 168MQ2 2024: 172MQ3 2024: 177MQ4 2024: 175MQ1 2025: 191MQ2 2025: 205MQ3 2025: 207MQ4 2025: 208MQ2 2026: 217MQ3 2026: 219M
PeriodChange %Net change
Quarterly+0.5%+1.1M shares
1 year+6.7%+13.7M shares
3 years+39%+61.4M shares

ENVX has 219M diluted shares, up 6.7% from a year ago.

ENVX Net Leverage

ENVX's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

ENVX Weekly Momentum

MetricValueStatus
RSI29.1Oversold
Stochastic18.0Oversold

ENVX's weekly RSI is 29 (oversold) and its Stochastic is 18 (oversold).

ENVX PE vs Industrials Sector

ENVX has no meaningful PE right now: it lost money over the past year.

ENVX Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$2.6432% below
20 week MA$3.4848% below
50 week MA$5.4067% below
100 week MA$7.5976% below
200 week MA$9.5881% below

ENVX is in a downtrend: it's below all five of its weekly moving averages, and 81% below its 200-week average.

ENVX Yearly ROI

YearStart priceEnd priceROI
2021$13.7$26.7+95%
2022$26.7$11.0-59%
2023$11.0$12.5+14%
2024$12.5$11.3-9.9%
2025$11.3$7.63-32%
2026 YTD$7.63$1.80-76%

ENVX has finished lower in three of the last five years. It's down 76% so far in 2026.

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