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Enovix Corporation ENVX Operating margin

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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$929.33M-57.9%
Enterprise value$1.38B-39.0%
P/S27.1×-55.9×

Profitability

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Gross margin21.5%
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.

Based on trailing twelve months.

The source filing: Enovix Corporation’s 10-Q, filed May 14, 2026. Open the filing →

Filed
May 13, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001828318-26-000029

FAQ

What is Enovix Corporation's operating margin?
Enovix Corporation (ENVX) reported operating margin of -520.3% in Q1 2026.
How has Enovix Corporation's operating margin changed year-over-year?
Enovix Corporation's operating margin increased by 44.6% year-over-year, from -939.3% to -520.3%.
What is the long-term trend for Enovix Corporation's operating margin?
Over 3 years (2022 to 2025), Enovix Corporation's operating margin has grown at a -36.0% compound annual growth rate (CAGR), from -2,128% to -557%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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