What is Enovix Corporation's non-controlling interests?

Enovix Corporation (ENVX) reported non-controlling interests of $2.06M in Q1 2026.

How has Enovix Corporation's non-controlling interests changed year-over-year?

Enovix Corporation's non-controlling interests decreased by 22.1% year-over-year, from $2.64M to $2.06M.

What does non-controlling interests mean?

Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

Enovix Corporation ENVX Non-Controlling Interests

Non-Controlling Interests at other companies

EnerSysENS

$3.59M+5.2%

AlbemarleALB

$257.94M+4.8%

SMP

Standard Motor ProductsSMP

$14.25M-1.5%

FuelCell EnergyFCEL

$9.08M-7.0%

Element SolutionsESI

$14.8M-2.6%

Penguin SolutionsPENG

$13.15M+40.4%

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-18.0%

Enterprise value$1.75B+10.5%

P/S37.8×-31.2×

Profitability

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Gross margin21.5%—

Operating margin-520.3%-160pp

Net margin-499.6%-149pp

FCF margin-368.9%-117pp

Returns & leverage

See full

Return on equity-72.1%-10.0pp

Debt / equity2.3×+1.4×

Current ratio11×+6.3×

Where this comes from

Reported directly by Enovix Corporation in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

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 non-controlling interests?: Enovix Corporation (ENVX) reported non-controlling interests of $2.06M in Q1 2026.
How has Enovix Corporation's non-controlling interests changed year-over-year?: Enovix Corporation's non-controlling interests decreased by 22.1% year-over-year, from $2.64M to $2.06M.
What does non-controlling interests mean?: Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.