What is Enovix Corporation's gross margin?

Enovix Corporation (ENVX) reported gross margin of 21.5% in Q1 2026.

What is the long-term trend for Enovix Corporation's gross margin?

Over 2 years (2022 to 2025), Enovix Corporation's gross margin has grown at a -73.6% compound annual growth rate (CAGR), from -274.7% to 19.2%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Enovix Corporation ENVX Gross margin

Gross margin at other companies

Amprius TechnologiesAMPX

18.1%+10.5pp

Eos Energy Enterprises, Inc.EOSE

-101.9%-44.3pp

Advanced Energy IndustriesAEIS

38.2%+1.8pp

WolfspeedWOLF

-31%-90.0pp

EnerSysENS

29.3%-0.9pp

AlbemarleALB

18.4%+14.9pp

Other financials

Income statement

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Revenue$7.6M+49.1%

Gross profit$1.6M+495%

Operating income-$43.9M-3.1%

Net income-$38.3M-62.7%

EPS (diluted)-$0.18-50.0%

Balance sheet

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Cash & equivalents$90.6M-52.7%

Total debt$543.6M+179%

Total equity$240.7M+2.4%

Total assets$833.9M+67.1%

Cash flow

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Operating cash flow-$33.1M-95.6%

CapEx$3.2M-48.7%

Free cash flow-$36.3M-56.6%

Valuation

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Market cap$1.3B-19.9%

Enterprise value$1.75B+12.2%

P/S37.8×-32.8×

Profitability

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Operating margin-520.3%-160pp

Net margin-499.6%-149pp

FCF margin-368.9%-117pp

Returns & leverage

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Return on equity-72.1%-10.0pp

Debt / equity2.3×+1.4×

Current ratio11×+6.3×

Where this comes from

Calculated from Enovix Corporation’s reported figures.

gross profit/total revenue=21.5%

Based on trailing twelve months.

The official record: Enovix Corporation’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enovix Corporation's gross margin?: Enovix Corporation (ENVX) reported gross margin of 21.5% in Q1 2026.
What is the long-term trend for Enovix Corporation's gross margin?: Over 2 years (2022 to 2025), Enovix Corporation's gross margin has grown at a -73.6% compound annual growth rate (CAGR), from -274.7% to 19.2%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.