Enovix 2026 Outlook | Profits, Share Price & Analysis

Enovix

NasdaqGS:ENVX

$ 5,23

+ $0,11 (2,15%)

5,23 $

+$0,11 (2,15%)

End-of-day quote: 03/27/2026

Enovix Stock Value

Analysts currently see Enovix at the level of Buy.

Buy

Enovix Company Info

EPS Growth 5Y

8,50%

Market Cap

$1,11 B

Long-Term Debt

$0,52 B

Short Interest

8,81%

Quarterly earnings

05/06/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

2007

Industry

Information Technology

Country

United States

ISIN Number

US2935941078

Website

http://www.enovix.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$12,50

139.01%

Last Update: 03/28/2026

Analysts: 10

Highest Price Target $25,00

Average Price Target $12,50

Lowest Price Target $6,00

In the last five quarters, Enovix’s Price Target has fallen from $55,69 to $27,91 - a -49,88% decrease. Eight analysts predict that Enovix’s share price will increase in the coming year, reaching $12,50. This would represent an increase of 139,01%.

Top growth stocks in the information technology sector (5Y.)

What does Enovix do?

Enovix Corporation (‘Enovix’) designs, develops, manufactures, and commercializes next generation Lithium-ion, or Li-ion, battery cells that significantly increase the amount of energy density and storage capacity relative to conventional battery cells. The company’s battery’s mechanical design, or ‘architecture,’ allows it to use high-performance chemistries while enabling safety and charge time advantages. Between May and July of 2024, the company relocated its first production line (‘Fab1’)...

The company’s battery’s mechanical design, or ‘architecture,’ allows it to use high-performance chemistries while enabling safety and charge time advantages.

Between May and July of 2024, the company relocated its first production line (‘Fab1’) research and development (R&D) pilot line equipment to Fab2 in Malaysia. In August 2024, it officially opened its facility in Malaysia (‘Fab2’) production facility, located at the Penang Science Park in Malaysia. The company has three manufacturing lines at Fab2, including the R&D-focused pilot production line, the Agility line, and the High-Volume (‘HVM’) line. In October 2024, it commenced shipping battery cells from the Agility line, and as of the end of 2024, it had completed Site Acceptance Testing (‘SAT’) for the Agility and HVM lines.

Producing the company’s Battery

In addition to designing the company’s battery, it also develops the advanced manufacturing processes needed to produce its batteries in high volume and at low cost.

The company uses the conventional Li-ion battery cell manufacturing techniques for processes, such as electrode coating, cell packaging, testing, and aging. It then uses its own proprietary tools on steps, such as cell assembly, where the company’s laser patterns and stacks the electrodes, and then applies a stainless steel constraint.

Standard Li-ion battery production involves: electrode fabrication, cell assembly, and battery packaging and formation.

Electrode Fabrication — In 2023, the company acquired Routejade to bring this electrode fabrication capability in-house.

Cell Assembly — It has developed a more precise roll-to-stack cell assembly process to enable a silicon anode that increases Li-ion cell energy density and maintains high cycle life.

Enovix Roll-to-Stack Cell Assembly — The company has designed proprietary tools, produced for it by precision automated equipment suppliers, which incorporate patented methods and processes to achieve precise laser patterning and high-speed roll-to-stack cell assembly.

Battery Packaging and Formation — The company’s battery uses the same battery packaging and formation process as a conventional Li-ion battery, with the exception of the pre-lithiation process. In its manufacturing process, the company adds an incremental lithium source during packaging, which is then diffused into the cell during the formation process.

Products

The company’s product strategy is built on close collaboration with customers to understand their specific performance requirements, such as energy density, cycle life, charge rate, and battery size. In 2023, it shifted from a horizontal business strategy, which focused on serving hundreds of customers with standard-sized batteries, to a vertical business strategy targeting a smaller group of large customers that require custom cells. The company directly engages with OEMs to fine-tune its battery technology for maximum performance within the constraints of their devices.

The company develops battery ‘nodes’ that share a common set of active materials and mechanical design, enabling it to produce batteries in various sizes. Its technology roadmap is built around a structured progression of these nodes, with each new generation, such as EX-1M, EX-2M, EX-3M, and so on, delivering substantial improvements in energy density. By leveraging both material and design innovations, the company aims to push the boundaries of Li-ion battery performance. Continuous innovation will allow it to introduce higher-performing battery nodes over time, delivering meaningful performance gains for its customers ahead of market trends.

In 2023, the company acquired Routejade, a leading battery manufacturer in South Korea that supplies batteries for wearables, medical devices, headsets, activity trackers, and industrial equipment. Routejade's patented encapsulation technology provides for design flexibility and structural safety, enabling high-energy-density Li-ion batteries primarily for IoT and wearable applications. The company also produces high-power batteries using Z-Folding technology, serving customers in the medical, industrial, aviation, and defense sectors. Routejade offers three main product categories. The PD series consists of rechargeable coin cells commonly used in healthcare and IoT applications. The FLPB and ASDB series utilize encapsulation technology—FLPB providing structural safety and ASDB maximizing design flexibility for compact devices—both primarily used in wearables and medical applications. The SLPB series features high C-Rate Z-Folding batteries optimized for high-power applications in the medical, industrial, aviation, and defense markets. One of Routejade’s key strengths is its in-house pack assembly, serving over 50 global end-user customers with a wide range of customized solutions to meet diverse market demands.

Intellectual Property

As of December 29, 2024, the company had approximately 65 issued U.S. patents, approximately 145 issued foreign patents, approximately 29 public and pending U.S. patent applications, and approximately 132 public and pending foreign patent applications.

The company owns or has rights to various trademarks and service marks in the U.S. and in other countries, including Enovix and the Enovix design mark.

Research and Development

The company’s research and development expenses for the fiscal year 2024 were $124.5 million.

History

Enovix Corporation was founded in 2007.

Enovix Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - **Electronics:** 45% - **Automotive:** 30% - **Energy Storage:** 25% **TOP 3 Markets:** - **USA:** 40% - **China:** 35% - **Germany:** 15% Enovix Corporation generates the majority of its revenues from the electronics industry, followed by the automotive sector and energy...

At which locations are the company’s products manufactured?

**Production Sites:** Fremont, California, USA Enovix Corporation primarily manufactures its products at its state-of-the-art production facility in Fremont, California. This facility specializes in the production of advanced lithium-ion batteries. In recent years, the company has invested in autom...

What strategy does Enovix pursue for future growth?

**Strategic Partnerships:** Enovix has recently announced several strategic partnerships to expand its production capacities. **Product Innovation:** The company is heavily investing in research and development to further improve its battery technology. **Market Expansion:** Enovix plans to streng...

Which raw materials are imported and from which countries?

**Main raw materials:** Lithium, cobalt, nickel, graphite **Countries of origin:** - **Lithium:** Australia, Chile - **Cobalt:** Democratic Republic of the Congo - **Nickel:** Indonesia, Philippines - **Graphite:** China, Brazil Enovix Corporation, a company specializing in the producti...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 10% in the field of advanced battery technologies (2026) **Technology Patent Portfolio:** Over 200 patents (2026) **Research and Development (R&D) Expenses:** 20% of revenue (2025) Enovix Corporation has gained a significant competitive advantage through its advanc...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 75% (estimated for 2026) **Insider Buys/Sells:** No significant transactions in the last quarter (estimated for 2026) The institutional investor share in Enovix Corporation is estimated to be 75%, indicating a high level of trust from institutional investors in t...

What percentage market share does Enovix have?

**Market share of Enovix Corporation:** Estimate 5-7% (2026) **Major competitors and their market share:** 1. **Tesla, Inc. (NasdaqGS:TSLA):** 20-25% 2. **Panasonic Holdings Corporation (OTC: PCRFY):** 15-20% 3. **LG Energy Solution (KRX: 373220):** 10-15% 4. **Samsung SDI Co., Ltd. (KRX: 006400):*...

Is Enovix stock currently a good investment?

**Revenue Growth:** 18% (2025) **Research and Development Expenses:** 25% of Revenue (2025) **Market Share in Advanced Battery Technologies:** 10% (2025) Enovix Corporation recorded a revenue growth of 18% in 2025. This indicates strong demand for their products and successful market expansio...

Does Enovix pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2026) Enovix Corporation currently does not pay a dividend. The company is focusing on the growth and development of its technologies, especially in the field of battery technology. As Enovix is in a growth phase, it reinvests its profits into research and developmen...

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Enovix Stock Value

Enovix Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does Enovix do?

Enovix Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Enovix Stock Value

Enovix Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does Enovix do?

Enovix Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.