Enovix Corp. (ENVX)
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-09-04
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-09-04
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Put ENVX beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Electrical Components & Equipment is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — Revenue of about $8.5 million in Q2 2026: rev $9.0M vs $8.5M target.
View ThesisManagement screens weak on capital allocation, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look high — the market is pricing in about 602% growth a year, above the roughly 74% analysts expect, leaving little room for error.
View ValuationThis stock is highly volatile — it swings about 4% on a typical day and fell roughly 76% in its worst 12-month stretch.
View RiskEnovix must ramp smart eyewear battery production to justify its price. Recent revenue grew 21% year over year, and the last quarter beat expectations. It trades at 23× price-to-sales, while the peer median is 4×. This suggests the current price reflects overly optimistic growth expectations. The primary risk is leadership instability after the CEO's departure. This read is provisional.
Trailing returns as of 2026-09-04. ENVX is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 12 analysts currently covering ENVX (as of Sep 2026).
Based on 4 Wall Street analysts offering 12-month price targets for ENVX in the last 4 months.
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Compare ENVX with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ENVX Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across our valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No fair value published
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
This applies to all three horizons. The trailing multiples, peer comparison, and quality and trajectory reads on this page are unaffected. Names move in and out of this state day to day as the methods converge or diverge. Method agreement on this name is low.
Bottom 25% on quality vs scored peers
A price-focused, side-by-side fair-value read versus Electrical Components & Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put ENVX next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand drone, defense, and industrial market pipeline and capacity
Doubling capacity aligns with expanding market pipeline.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $3.32
The last 12 months of price, then the range of analyst 12-month targets from today’s $3.32.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.

CEO departure raises concerns about leadership stability.

CEO resignation uncertainty impacts leadership stability.

Advances: Ramp smart eyewear battery production and increase shipments
Strong Q2 indicates momentum in smart eyewear battery production.

Advances: Expand drone, defense, and industrial market pipeline and capacity
Drone pipeline surge supports market expansion goals.

Advances: Ramp smart eyewear battery production and increase shipments
Increased revenue and shipments support smart eyewear production goals.

Execution problems could hinder revenue growth and margins.
Price target trims suggest reduced revenue expectations.