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Enovix Corporation ENVX Q2 2026 earnings

Reported August 12, 2026 · After market close

Revenue$9.0MBeat by $569.1K
EPS-$0.13Beat by $0.02
Revenue estimate$8.4M
EPS estimate-$0.15
The second quarter showed momentum across all three of our target markets: our lead customer confirmed passing a defining smartphone qualification milestone. We have one final accelerated cycle-life test on the path to smartphone qualification, which we expect to complete this year. We also converted our smart eyewear ramp into initial revenue and substantially expanded our drone and defense pipeline. With revenue up 21% year-over-year at the high end of guidance and our fifth consecutive quarter of year-over-year growth, Enovix is executing the transition from technology validation to commercial scale.
Dr. Raj Talluri

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$9.5M
EPS estimate-$0.15

Financials

Q2 2026

Income statement

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Revenue$9.0M+20.8%
Gross profit$1.3M-33.0%
Operating income-$43.3M+1.0%
Net income-$43.1M+3.3%
EPS (diluted)-$0.20+9.1%

Balance sheet

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Cash & equivalents$35.6M-74.2%
Total debt$541.5M+178%
Total equity$209.9M+3.0%
Total assets$799.6M+70.5%

Cash flow

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Operating cash flow-$21.8M+15.8%
CapEx$9.6M+20.7%
Free cash flow-$31.4M+7.2%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$746.13M-63.9%
Enterprise value$1.25B-41.1%
P/S20.8×-57.0×

Profitability

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Gross margin18.8%
Operating margin-496.5%-90.7pp
Net margin-473.9%-7.2pp
FCF margin-346.2%-87.9pp

Returns & leverage

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Return on equity-82.2%+20.6pp
Debt / equity2.6×+1.6×
Current ratio9.7×+5.3×

FAQ

When did Enovix Corporation report Q2 2026 earnings?
Enovix Corporation (ENVX) reported Q2 2026 earnings on August 12, 2026 after market close.
What were Enovix Corporation's Q2 2026 revenue and EPS?
Enovix Corporation reported revenue of $9.0M and eps of $-0.13 for Q2 2026.
Did Enovix Corporation beat estimates in Q2 2026?
Revenue beat the consensus estimate of $8.4M by $569.1K. EPS beat the consensus estimate of $-0.15 by $0.02.
How did Enovix Corporation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.5% from $7.5M a year earlier and eps grew 0.0% from $-0.13.
Where can I find Enovix Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001828318-26-000055) and the 10-Q periodic report (0001828318-26-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.