ENVX
Enovix Corporation
ENVX
3.06USD
+2.68%
Sep 23, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown
The technical structure itself is broken across timeframes — the weakest entry profile.
Key Financials
- Market Cap
- $671.5M
- Avg Volume (60D)
- 7.5M
- Revenue Growth YoY
- +37.9%
- Gross Margin
- +18.8%
- Operating Margin
- -496.5%
- Free Cash Flow Yield
- -18.5%
- Distance from 200DMA
- -48.3%
- Next Earnings
- 2026-10-27
- P/E
- N/M
- EV / Sales
- 19.9x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 5, 2026
Filed balance-sheet data as of Jul 5, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say expensive; own history is the dissenting view.
Enovix Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.
Company Research
Thesis
Enovix is a direct cell developer and manufacturer attempting to commercialize high-energy-density silicon-anode lithium-ion batteries, initially centered on smartphones, smart eyewear and other compact electronics, with additional drone and defense opportunities. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Commercial scale-up and adoption of silicon-anode lithium-ion cells that deliver materially higher energy density and performance for space-constrained, power-intensive devices and mobility applications.
Key risk
Manufacturing scale-up risk.
Narrative & Theme
Next-Generation Battery Commercialization
Part of High-Energy-Density Silicon-Anode Battery Cells, with strong fit.
ENVX has a genuine but currently unpromoted narrative fit: the transition from laboratory-scale silicon-anode battery technology to qualified, repeatable commercial production.
Narrative HeatNeutral4.6 / 10
Theme HeatNeutral6.3 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Industrials · Electrical Equipment & Parts
What they do
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells primarily in the US and internationally, serving various electronics and vehicle markets.
How it earns
The company generates revenue through the sale of lithium-ion battery cells to original equipment manufacturers and device makers.
Products & services
Lithium-ion battery cells
Customers & end markets
Wearables and IoT device manufacturers
Smartphone manufacturers
Computing device manufacturers
Electric vehicle manufacturers
Original equipment manufacturers
Market position
Niche player with proprietary silicon-anode technology in the lithium-ion battery market.
Demand drivers
Medium cyclicality
Demand for batteries is linked to consumer electronics and electric vehicle production cycles, which can fluctuate with economic conditions.