
Enovix Corporation (ENVX) Stock Forecast & Price Target
Enovix Corporation (ENVX) Analyst Ratings
Bulls say
Enovix Corp reported a revenue of approximately $7.5 million for the second quarter, representing a substantial sequential increase of 47.1% from $5.1 million in the first quarter, highlighting robust customer demand across various end-markets. Additionally, the company achieved a non-GAAP gross profit of around $1.2 million, which reflects a significant sequential rise from $0.4 million in the previous quarter and an impressive annual improvement from a loss of approximately $0.6 million in the same quarter last year. The strong financial performance, coupled with a competent management team with substantial industry connections, positions Enovix favorably for future growth and success in the competitive lithium-ion battery market.
Bears say
Enovix Corp reported a non-GAAP net loss of approximately $26.2 million and a net loss per share of $0.13 for the second quarter of 2025, reflecting a sequential improvement but still indicating a persistent loss trend. The company's cash and equivalents stood at around $203.4 million, yet this may not be sufficient to address ongoing operational challenges, especially with management anticipating increased operating expenses and limited margins due to a less favorable product mix in the upcoming quarter. The potential disconnect between product development and market demand raises concerns about the company's ability to achieve sustainable growth, exacerbating the negative outlook on the stock.
This aggregate rating is based on analysts' research of Enovix Corporation and is not a guaranteed prediction by Public.com or investment advice.
Enovix Corporation (ENVX) Analyst Forecast & Price Prediction
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