Enovix (ENVX) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- -$0.15
- Estimate
- -$0.14
- Surprise
- -5.2%
- Score at report (before → after)
- 4.8 → 4.9/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Enovix (ENVX) reported adjusted EPS of -$0.15, in line with the -$0.14 estimate. TrendMatrix's engine moved from Sell (4.8/10) to Hold at 4.9/10 after the report.
Coverage in the report window
- Block & Leviton Investigates Enovix Corporation for Potential Securities Law Violations — fiscal.ai, 2026-11-12
- Enovix Stock Sinks After Wider Q3 Loss, Smartphone Testing Exit — benzinga, 2026-11-12
- Enovix Corporation Reports Q3 2026 Financial Results and Strategic Updates — fiscal.ai, 2026-11-12
Where TrendMatrix's rating stands now
TrendMatrix currently rates ENVX Hold at 4.9/10.
2 of the last 4 quarters beat the estimate; this quarter's -5.2% surprise compares with a +8.1% four-quarter average.
What argues against it
- Concentration risk — Supplier: Malaysia-based contract manufacturer
- DATA_ISSUE: analyst_target_implausible (raw $9.75 vs price $1.80 — ratio 5.4×). Rejected, falling back to technical TP.
- Market cap $396M below $400M minimum
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
- $1.80
- Price target
- $3.50
- Stop
- $1.73
- Upside to target
- +93.9%
Risk check: trading volume is running 2.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-13 — 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
- $396.1M
- P/E (fwd)
- -2.9
- 52-week range
- $1.78–$9.19
- Off 52-week high
- 80.4%
- RSI (14)
- 36
- Volume vs avg
- 2.24×
- Score today
- 4.9/10