Enovix (NASDAQ:ENVX) Releases Q3 2026 Earnings Guidance

Enovix (NASDAQ:ENVX) updated its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of -0.140–0.140 for the period, compared to the consensus estimate of -0.160. The company issued revenue guidance of $11.0 million, compared to the consensus revenue estimate of $9.5 million.

Analyst Ratings Changes

A number of equities analysts have commented on ENVX shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $25.00 price objective on shares of Enovix in a report on Thursday, August 13th. Craig Hallum set a $7.00 price objective on shares of Enovix in a research report on Thursday, August 13th. Bank of America restated a “neutral” rating and set a $5.00 target price on shares of Enovix in a research note on Monday, August 17th. B. Riley Financial dropped their target price on Enovix from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, William Blair lowered Enovix from an “outperform” rating to a “market perform” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.77.

Enovix Price Performance

ENVX stock opened at $2.46 on Monday. Enovix has a twelve month low of $2.40 and a twelve month high of $14.21. The company has a current ratio of 9.71, a quick ratio of 9.37 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $539.85 million, a P/E ratio of -3.04 and a beta of 2.49. The firm has a 50 day simple moving average of $3.36 and a 200-day simple moving average of $5.11.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $9.02 million during the quarter, compared to analyst estimates of $8.43 million. Enovix had a negative net margin of 473.89% and a negative return on equity of 64.50%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. On average, equities research analysts predict that Enovix will post -0.80 earnings per share for the current fiscal year.

About Enovix

Enovix Corporation is a battery technology company developing lithium-ion batteries that use a silicon-based anode and a three-dimensional cell architecture. The company’s design is intended to increase energy density while incorporating structural features designed to improve safety and cycle life compared with conventional lithium-ion batteries.

Enovix is focused initially on batteries for consumer electronics, including smartphones, wearable devices and other mobile products. It has also identified applications in industrial, medical, aerospace, defense and electric vehicle markets.