Enovix (ENVX) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- -$0.13
- Estimate
- -$0.15
- Surprise
- +10.9%
- Revenue (period 2026-07-05)
- $9.0M
- Score today
- 4.0/10
Revenue source: xbrl.
How the report landed
Enovix (ENVX) reported a narrower loss than forecast — adjusted EPS of -$0.13 against the -$0.15 estimate (a 10.9% beat on a still-unprofitable quarter).
Coverage in the report window
- 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
Where TrendMatrix's rating stands now
TrendMatrix currently rates ENVX Sell at 4.0/10; 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 +12.7% four-quarter average. Next scheduled report: 2026-11-12.
What argues against it
- Concentration risk — Supplier: Malaysia-based contract manufacturer
- DATA_ISSUE: analyst_target_implausible (raw $9.75 vs price $2.44 — ratio 4.0×). Rejected, falling back to technical TP.
- Quality below floor (1.6 < 4.0)
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.
The levels TrendMatrix's engine tracks
- Current price
- $2.44
- Price target
- $3.02
- Stop
- $2.28
- Upside to target
- +23.5%
Risk check: trading volume is running 2.1× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-14 — shown for context, not personalized investment advice.
ENVX at TrendMatrix's latest read
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
- $550.8M
- P/E (fwd)
- -4.0
- 52-week range
- $2.40–$14.21
- Off 52-week high
- 82.8%
- RSI (14)
- 34
- Volume vs avg
- 2.09×
- Score today
- 4.0/10