Enovix Corporation (ENVX)
Enovix is a battery technology company working to pack more power into smaller, lighter batteries for gadgets like smartphones and wearable tech.
Is Enovix Corporation a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Innovative battery technology with potential for high energy density. Worth weighing: Currently not profitable, which puts pressure on cash reserves.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Enovix Corporation do?
Enovix designs silicon-anode batteries that aim to hold more energy than the standard batteries found in most devices today. Income comes from manufacturing and selling these advanced power cells to electronics makers, though for now it spends more on development than it earns in profit. It all comes down to whether they can successfully scale up their manufacturing process to meet demand while keeping costs under control.
On our factor screen it looks strongest on growth and value, and weakest on momentum.
- !Pays no dividend - the whole return rides on the share price
- ✓Growing - revenue up about 49% over the year
- !Carries a lot of debt - roughly 2.2x its equity
- Growth screens high
- Quality screens low
- Momentum screens low
- Income screens low
Does Enovix Corporation pay a dividend?
No - Enovix Corporation doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.
Does Enovix Corporation have more cash or more debt?
It holds about $528.74M in cash against about $543.79M of debt - so it has net debt of about $15.05M. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do Enovix Corporation's numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Enovix Corporation actually fallen?
Over the last 2 years of daily prices, Enovix Corporation fell as much as −81% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns Enovix Corporation?
About 52% of Enovix Corporation, or about 52 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 11%. The rest, roughly 37%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Enovix Corporation make?
Revenue and profit by quarter, and how much of each sale turns into profit.
When does Enovix Corporation report earnings, and how did recent quarters go?
Enovix Corporation is next scheduled to report on about 2026-10-27 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-05-13 | $-0.15 | $-0.14 | Beat +7% |
| 2026-02-25 | $-0.17 | $-0.14 | Beat +20% |
| 2025-11-04 | $-0.16 | $-0.14 | Beat +11% |
| 2025-07-31 | $-0.15 | $-0.13 | Beat +14% |
| 2025-04-30 | $-0.17 | $-0.15 | Beat +14% |
| 2025-02-19 | $-0.18 | $-0.11 | Beat +39% |
Across the last 6 quarters here, Enovix Corporation came in ahead of what analysts expected 6 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Enovix Corporation?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Becoming a standard supplier for major tech brands
Competition renders their technology obsolete
What are the pros and cons of Enovix Corporation?
A balance check, not a score or verdict.
- Innovative battery technology with potential for high energy density
- Strong revenue growth: How fast the company's sales grew versus a year ago. as they ramp up operations
- Operating in a high-demand sector for portable electronics
- Currently not profitable, which puts pressure on cash reserves
- High share price volatility compared to the broader market
- Significant competition from established battery manufacturers
- Manufacturing hurdles could lead to further delays and costs
- Reliance on a small number of potential customers
- Rapidly changing technology could make their current designs less relevant
The write-up's own warning lights — if these start happening, the case above changes.
- Consistent quarterly profits being reported
- A major, long-term supply agreement with a global smartphone manufacturer
Common questions about Enovix Corporation
Does Enovix Corporation pay a dividend?
No - Enovix Corporation does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.
When does Enovix Corporation report earnings next?
Enovix Corporation is next scheduled to report results on about 2026-10-27. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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Grafton Group plcBuilt from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.