Enovix (ENVX) Q2 2026 earnings — TrendMatrix coverage

Reported EPS

-$0.13

Estimate

-$0.15

Surprise

+10.9%

Revenue (period 2026-07-05)

$9.0M

Score today

3.9/10

Revenue source: xbrl.

Enovix (ENVX) reported a narrower loss than forecast — diluted EPS of -$0.13 against the -$0.15 estimate (a 10.9% beat on a still-unprofitable quarter).

• Canaccord Genuity Maintains Buy on Enovix, Lowers Price Target to $10 — benzinga, 2026-08-14
• B. Riley Securities Maintains Buy on Enovix, Lowers Price Target to $9 — benzinga, 2026-08-13
• Cantor Fitzgerald Reiterates Overweight on Enovix, Maintains $25 Price Target — benzinga, 2026-08-13

TrendMatrix currently rates ENVX Sell at 3.9/10; no pre/post engine snapshot brackets this report.

3 of the last 4 quarters beat the estimate; this quarter's +10.9% surprise compares with a +12.1% four-quarter average. Next scheduled report: 2026-10-27.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$3.40

Price target

$4.94

Stop

$3.18

Upside to target

+45.3%

Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.

Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.

Industry

Electrical Equipment & Parts

Market cap

$739.5M

P/E (fwd)

-5.3

52-week range

$3.06–$14.21

Off 52-week high

76.1%

RSI (14)

45

Volume vs avg

0.10×

Score today

3.9/10