Enovix Corporation logo ENVX - Enovix Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $11.67 DETAILS
HIGH: $21.00
LOW: $6.00
MEDIAN: $8.00
CONSENSUS: $11.67
UPSIDE: 60.74%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 7.6 11.3 8.0 7.5 5.1 9.7 4.3 3.8 5.3 7.4 0.2 0.0 0.0 1.1 0.0 5.1 0 0 0 0 0 0 0 0 0
Cost of Revenue 15.4 10.0 11.3 14.4 13.3 8.7 5.0 4.4 7.1 19.8 16.8 14.2 12.2 10.4 6.6 5.7 0.5 0.1 0.1 0.1 1.6 1.0 1.2 0.9 0.4
Gross Profit (7.8) 1.3 (3.3) (6.9) (8.2) 1.1 (0.6) (0.7) (1.8) (12.4) (16.6) (14.2) (12.2) (9.3) (6.6) (0.6) (0.5) (0.1) (0.1) (0.1) (1.6) (1.0) (1.2) (0.9) (0.4)
Operating Expenses
R&D Expenses 26.1 27.7 28.2 28.1 25.9 22.4 24.2 29.1 48.8 34.6 13.5 16.6 23.7 15.5 13.9 15.8 12.7 12.4 10.3 9.5 5.6 5 3.8 3.2 2.4
SG&A Expenses 10.0 17.6 15.5 8.7 8.4 13.1 20.7 20.9 19.5 17.8 17.2 16.7 27.3 15.4 13.1 11.6 11.9 12.2 8.8 4.5 4.2 1.9 1.5 1.3 1
Other Expenses 0 0 0 0 0 0 3.7 38.1 0 0 3.0 4.4 0 4.9 0 0 0.0 0.0 (0.1) 0.0 (0.0) 0.0 0.0 0 0
Operating Expenses 36.1 45.3 43.7 36.8 34.4 35.6 48.6 88.1 68.3 52.4 33.8 37.7 51.0 35.9 27.1 27.4 24.6 24.6 19.1 14.1 9.8 6.9 5.3 4.5 3.4
Operating Income
Operating Income (43.9) (44.0) (47.0) (43.7) (42.6) (34.5) (49.3) (88.8) (70.1) (64.8) (50.4) (51.8) (63.2) (45.2) (33.7) (28.0) (25.1) (24.8) (19.2) (14.2) (11.4) (7.9) (6.4) (5.4) (3.8)
Interest Expense 7.0 6.4 11.8 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.6 1.3 0 2.8 48.3 0 0 0 0.1 0.1 4.8 5.4 7.0 0 0
Interest Income 5.8 5.6 2.5 2.4 2.4 2.6 2.9 3.3 3.6 4.1 4.3 3.1 2.5 2.8 0 0 0 0 0 0.0 0 0 0 0 0.1
Profitability
EBITDA (34.5) (35.6) (37.6) (34.9) (34.1) (27.0) (12.2) (112.9) (20.0) (36.0) (11.7) (59.5) (46.8) (63.3) (28.9) (26.2) (92.5) (24.3) (18.6) (14.2) (11.2) (7.8) (6.4) (5.2) (3.6)
EBIT (43.9) (44.0) (47.0) (43.7) (42.6) (34.6) (18.7) (118.8) (45.0) (59.0) (14.6) (63.0) (63.2) (45.2) (33.7) (28.0) (25.1) (24.8) (19.2) (14.2) (11.4) (7.9) (6.4) (5.4) (3.8)
Income Before Tax (38.4) (34.9) (54.2) (45.1) (23.7) (36.3) (20.4) (120.5) (46.6) (60.7) (16.2) (64.3) (73.6) (11.2) (82.0) (1.1) 42.7 (84.6) (10.8) (14.3) (16.2) (13.3) (13.5) (5.2) (7.7)
Income Tax Expense (0.1) 0.1 (0.4) (0.9) (0.2) 1.2 2.2 (4.6) (0.2) (0.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (38.3) (35.0) (53.7) (44.5) (23.5) (37.5) (22.5) (115.9) (46.4) (60.0) (16.2) (64.3) (73.6) (11.2) (82.0) (1.1) 42.7 (84.6) (10.8) (14.3) (16.2) (13.3) (13.5) (5.2) (7.7)
Per Share Data
EPS (Basic) -0.18 -0.16 -0.26 -0.22 -0.12 -0.20 -0.30 -0.63 -0.28 -0.36 -0.10 -0.41 -0.47 -0.07 -0.53 -0.01 0.28 -0.60 -0.08 -0.10 -0.11 -0.09 -0.09 -0.09 -0.13
EPS (Diluted) -0.18 -0.16 -0.27 -0.22 -0.12 -0.20 -0.30 -0.63 -0.28 -0.36 -0.29 -0.41 -0.47 -0.27 -0.53 -0.18 -0.16 -0.60 -0.08 -0.10 -0.11 -0.09 -0.09 -0.09 -0.13
Shares Outstanding 217.4 207.6 206.5 204.8 191.3 185.0 176.7 172.4 168.1 165.7 159.8 156.8 155.6 154.2 153.3 152.5 151.6 141.2 133.5 145.2 145.2 145.2 145.2 60.3 59.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q1
Current Assets
Cash & Cash Equivalents 88,751 106.0 335.5 136.0 189.9 272.9 200.9 235.1 222.2 233.1 270.8 343.2 293.8 322.9 349.0 384.7 408.2 385.3 338.7 0.1 13.3 29.1 (10.2)
Short-Term Investments 439,985 406.0 223.3 67.4 58.3 0 0 14.8 40.2 73.7 100.5 66.1 0 0 0 0 0 0 0 0 0 0 20.5
Net Receivables 3,943 8.4 4.6 5.4 4.2 4.6 1.9 1.7 1.9 2.4 0.0 0.0 0.0 0.2 0.0 0.1 0 0 0 0 0 0 0
Inventory 16,451 13.6 15.2 13.4 10.5 7.7 9.6 9.5 6.5 8.7 0.2 0.8 0.8 0.6 0.5 0.7 0 0 0 0 0 0 0
Other Current Assets 9,366 8.1 10.0 6.2 7.4 9.9 11.6 8.8 7.2 5.2 4.2 3.7 6.7 6.0 1.5 1.3 4.5 4.6 4.4 0 4.5 3.0 0
Total Current Assets 558,496 542.2 588.6 228.3 270.2 295.0 224.0 269.9 278.0 323.2 375.7 413.8 301.2 329.6 355.5 388.9 415.5 398.1 346.9 0.3 19.8 33.0 10.2
Non-Current Assets
Property, Plant & Equipment 176,565 181.9 186.4 190.2 178.7 181.4 171.5 165.4 174.0 181.8 142.6 124.3 108.5 110.0 110.3 97.3 89.6 83.3 68.4 0 43.7 31.3 0
Goodwill 12,217 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.2 12.1 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 30,357 31.6 32.8 34.0 35.2 36.4 37.6 38.8 40.0 42.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 52,104 106.8 89.5 0 0 0 2.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 4,154 4.2 4.2 4.3 2.8 2.1 0.7 2.7 4.7 5.1 1.6 0.8 0.9 0.9 1.8 1.0 1.1 1.2 0.1 230.0 4.1 0.6 (10.2)
Total Non-Current Assets 275,397 338.1 325.1 240.8 228.9 232.2 224.0 219.0 230.9 241.1 144.2 125.1 109.4 110.9 112.0 98.4 90.7 84.4 68.5 230.0 47.7 31.9 (10.2)
Total Assets 833,893 880.3 913.7 469.1 499.0 527.2 448.0 489.0 508.9 564.3 519.9 539.0 410.6 440.6 467.6 487.3 506.3 482.6 415.4 230.3 67.6 65.0 0
Current Liabilities
Account Payables 14,938 17.8 21.3 13.9 20.6 9.5 15.0 19.4 19.3 21.3 18.3 13.3 4.8 7.1 6.8 6.1 1.5 3.1 1.7 0.6 5.0 2.1 0
Short-Term Debt 9,436 9.9 10.2 10.4 10.4 9.5 11.6 11.0 8.5 5.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 4,279 5.0 7.7 8.1 6.6 3.6 6.2 7.0 5.3 6.7 0 0.3 0.3 0.1 1.4 0.3 5.6 5.6 5.5 0 0 5.4 0
Other Current Liabilities 22,241 26.1 21.4 13.7 11.6 11.3 12.8 13.9 12.1 13.2 10.1 11.1 11.3 8.8 6.9 7.3 5.7 4.8 3.8 188.1 5.6 1.4 0
Total Current Liabilities 50,894 65.0 60.6 52.3 57.8 53.7 59.5 67.9 56.9 61.0 44.1 37.4 25.1 23.0 17.5 17.1 17.5 20.6 15.5 196.8 15.3 10.9 0
Non-Current Liabilities
Long-Term Debt 10,906 519.3 518.3 169.4 169.2 169.8 168.7 168.5 168.3 169.1 167.1 166.8 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 8,889 10.5 9.3 9.8 8.8 8.8 8.2 6.1 11.3 10.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 520,474 0.0 16.6 18.5 12.6 28.4 23.3 55.5 21.8 42.9 44.9 76.3 62.0 49.2 80.3 30.2 56.6 124.5 64.7 0 0.3 17.8 0
Total Non-Current Liabilities 540,269 541.3 556.0 210.2 203.5 224.1 218.3 248.0 219.9 242.2 223.3 254.3 73.4 61.1 91.7 41.4 67.8 135.8 76.2 0 9.7 17.9 0
Total Liabilities 591,163 606.3 616.6 262.5 261.3 277.8 277.8 315.9 276.8 303.2 267.5 291.7 98.5 84.2 109.3 58.5 85.2 156.4 91.7 196.8 25.0 28.7 0
Stockholders' Equity
Common Stock 22 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28.5 0.1 0.0 0
Retained Earnings (1,016,087) (977.8) (942.8) (889.1) (844.6) (821.1) (783.6) (761.1) (645.2) (598.8) (538.9) (522.7) (458.4) (384.8) (373.6) (291.6) (290.4) (333.2) (248.6) (172.0) (223.4) (207.3) 0
Accumulated Other Comprehensive Income (1,241) (0.5) (0.7) (0.4) (0.2) (0.1) (0.0) 0.0 (0.1) (0.1) (0.0) (0.0) 0 0 0 0 0 0 0 0 0 0 (126.9)
Total Stockholders' Equity 240,672 271.2 294.3 203.7 235.1 246.7 167.6 170.3 229.3 258.1 252.5 247.3 312.1 356.4 358.3 428.7 421.1 326.1 323.7 33.5 42.5 36.2 3.7
Total Liabilities & Equity 833,893 880.3 913.7 469.1 499.0 527.2 448.0 489.0 508.9 564.3 519.9 539.0 410.6 440.6 467.6 487.3 506.3 482.6 415.4 230.3 67.6 65.0 3.7
Debt Metrics
Total Debt 20,342 540.4 539.9 192.0 192.2 192.6 194.6 193.7 191.6 190.6 174.6 174.6 8.0 8.2 8.4 8.7 8.9 9.1 9.3 0 9.4 0 0
Net Debt (68,409) 434.4 204.4 56.1 2.3 (80.3) (6.3) (41.4) (30.6) (42.5) (96.2) (168.6) (285.7) (314.6) (340.6) (376.1) (399.3) (376.2) (329.5) (0.1) (3.9) (29.1) 10.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (38.3) (35.0) (53.8) (44.3) (23.5) (37.5) (22.6) (115.9) (46.5) (60.0) (16.2) (64.3) (73.6) (11.2) (82.0) (1.1) 42.7 (84.6) (10.8) (153.3) (16.2) (13.3) (13.5) (5.2) (7.7)
Depreciation & Amortization 9.4 8.4 9.4 8.8 8.4 7.5 6.5 5.9 25.0 23.0 2.9 3.7 3.6 3.2 3.0 1.4 0.4 0.5 0.7 0 0.1 0.1 0.1 0.1 0.1
Stock-Based Compensation 0 11.4 11.8 14.1 12.0 10.2 16.8 19.0 12.8 11.6 13.3 15.0 29.2 8.2 8.7 8.2 5.2 4.0 3.0 0 1.6 0.5 0.1 0.1 0.1
Change in Working Capital (9.2) (1.1) (0.3) (6.6) 1.5 (1.7) (4.6) (4.7) (5.3) (1.5) 0 3.5 2.4 4.1 (0.4) (2.6) (0.3) 3.1 (3.9) (0.5) 1.1 2.8 (0.0) (0.1) (0.5)
Other Non-Cash Items 5.0 (9.3) 7.3 2.0 (15.3) 5.4 (26.8) 68.8 (20.7) 0.2 0.0 18.6 12.8 (26.2) 50.2 (26.4) (67.8) 59.8 (8.4) 161.8 4.8 5.4 7.1 (0.5) 4.3
Operating Cash Flow (33.1) (27.0) (25.5) (25.9) (16.9) (16.0) (30.7) (26.9) (35.0) (27.2) (28.2) (23.6) (25.6) (21.8) (20.6) (20.6) (19.7) (17.2) (19.4) 7.9 (8.6) (4.5) (6.2) (5.6) (3.7)
Investing Activities
Capital Expenditure (3.2) (1.0) (3.0) (8.0) (6.3) (16.4) (19.5) (25.2) (15.1) (28.8) (17.3) (12.7) (3.0) (4.8) (16.9) (4.0) (10.5) (12.1) (10.9) 0 (7.1) (8.0) (7.4) (9.7) (1.9)
Acquisitions 0 0 0 (10.0) (0.0) 0 0 0 0 (10.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (103.5) (214.8) (284.7) (27.4) (58.1) 0 0 (14.7) (17.1) (22.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 125.0 16.7 39.5 18.6 0 0 15 40.4 51.3 50.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 27.8 0 (65.7) 0 0 0 0 0 0 0 7.2 0 0 0 0 0
Investing Cash Flow 18.3 (199.1) (248.1) (26.7) (64.4) (16.4) (4.5) 0.4 19.1 (10.9) 0 (78.4) (3.0) (4.8) (16.9) (4.0) (10.5) (12.1) (10.9) 7.2 (7.1) (8.0) (7.4) (9.7) (1.9)
Financing Activities
Net Debt Issuance (0.1) (359.2) 360.0 (0.8) 0 (0.0) (0.1) 2.7 1.8
Stock Repurchased 0 0 (58.4) 0 0 0 (0.0) (0.0) 0 (0.9) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0 (0.0) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (2.4) 356.1 171.8 (1.1) (1.8) (1.5) (2.3) (1.1) (2.2) 15.6 (1.8) (0.4) (0.8) (52.3) 1.8 1.2 53.0 (1.3) 364.1 0.1 (0.1) 0 19.1 11.8 29.0
Financing Cash Flow (2.5) (3.3) 473.4 (1.2) (1.5) 106.5 (0.9) 39.7 5.4 2.2 6.5 151.4 (0.5) 0.5 1.8 1.2 53.0 75.8 364.1 0.1 (0.1) 6.0 19.1 11.8 29.0
Cash Position
Net Change in Cash (17.3) (229.5) 199.5 (53.6) (83.0) 71.7 (34.0) 12.9 (11.0) (35.8) (72.3) 49.4 (29.1) (26.2) (35.7) (23.4) 22.9 46.5 333.8 (13.2) (15.8) (6.5) 5.5 (3.5) 23.4
Cash at Beginning 106.0 337.5 138.0 191.7 274.7 202.9 237.0 224.1 235.1 270.9 343.3 293.9 323.0 349.1 384.9 408.3 385.4 338.9 5.1 13.4 29.2 35.8 30.3 33.7 10.3
Cash at End 88.8 108.0 337.5 138.0 191.7 274.7 202.9 237.0 224.1 235.1 270.9 343.3 293.9 323.0 349.1 384.9 408.3 385.4 338.9 0.1 13.4 29.2 35.8 30.3 33.7
Free Cash Flow (36.3) (28.0) (28.5) (33.8) (23.2) (32.3) (50.2) (52.2) (50.1) (56.0) (45.5) (36.2) (28.6) (26.7) (37.5) (24.6) (30.1) (29.3) (30.3) 7.9 (15.8) (12.5) (13.6) (15.3) (5.6)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 7.6 11.3 8.0 7.5 5.1 9.7 4.3 3.8 5.3 7.4 0.2 0.0 0.0 1.1 0.0 5.1 0 0 0 0 0 0 0 0 0
Gross Profit (7.8) 1.3 (3.3) (6.9) (8.2) 1.1 (0.6) (0.7) (1.8) (12.4) (16.6) (14.2) (12.2) (9.3) (6.6) (0.6) (0.5) (0.1) (0.1) (0.1) (1.6) (1.0) (1.2) (0.9) (0.4)
Operating Income (43.9) (44.0) (47.0) (43.7) (42.6) (34.5) (49.3) (88.8) (70.1) (64.8) (50.4) (51.8) (63.2) (45.2) (33.7) (28.0) (25.1) (24.8) (19.2) (14.2) (11.4) (7.9) (6.4) (5.4) (3.8)
Net Income (38.3) (35.0) (53.7) (44.5) (23.5) (37.5) (22.5) (115.9) (46.4) (60.0) (16.2) (64.3) (73.6) (11.2) (82.0) (1.1) 42.7 (84.6) (10.8) (14.3) (16.2) (13.3) (13.5) (5.2) (7.7)
EPS (Diluted) -0.18 -0.16 -0.27 -0.22 -0.12 -0.20 -0.30 -0.63 -0.28 -0.36 -0.29 -0.41 -0.47 -0.27 -0.53 -0.18 -0.16 -0.60 -0.08 -0.10 -0.11 -0.09 -0.09 -0.09 -0.13
Balance Sheet
Cash & Equivalents 88,751 106.0 335.5 136.0 189.9 272.9 200.9 235.1 222.2 233.1 270.8 343.2 293.8 322.9 349.0 384.7 408.2 385.3 338.7 0.1 13.3 29.1 (10.2)
Total Assets 833,893 880.3 913.7 469.1 499.0 527.2 448.0 489.0 508.9 564.3 519.9 539.0 410.6 440.6 467.6 487.3 506.3 482.6 415.4 230.3 67.6 65.0 0
Total Debt 20,342 540.4 539.9 192.0 192.2 192.6 194.6 193.7 191.6 190.6 174.6 174.6 8.0 8.2 8.4 8.7 8.9 9.1 9.3 0 9.4 0 0
Stockholders' Equity 240,672 271.2 294.3 203.7 235.1 246.7 167.6 170.3 229.3 258.1 252.5 247.3 312.1 356.4 358.3 428.7 421.1 326.1 323.7 33.5 42.5 36.2 3.7
Cash Flow
Operating Cash Flow (33.1) (27.0) (25.5) (25.9) (16.9) (16.0) (30.7) (26.9) (35.0) (27.2) (28.2) (23.6) (25.6) (21.8) (20.6) (20.6) (19.7) (17.2) (19.4) 7.9 (8.6) (4.5) (6.2) (5.6) (3.7)
Capital Expenditure (3.2) (1.0) (3.0) (8.0) (6.3) (16.4) (19.5) (25.2) (15.1) (28.8) (17.3) (12.7) (3.0) (4.8) (16.9) (4.0) (10.5) (12.1) (10.9) 0 (7.1) (8.0) (7.4) (9.7) (1.9)
Free Cash Flow (36.3) (28.0) (28.5) (33.8) (23.2) (32.3) (50.2) (52.2) (50.1) (56.0) (45.5) (36.2) (28.6) (26.7) (37.5) (24.6) (30.1) (29.3) (30.3) 7.9 (15.8) (12.5) (13.6) (15.3) (5.6)