
Enovix Corporation (ENVX) Stock Forecast & Price Target
Enovix Corporation (ENVX) Analyst Ratings
Bulls say
Enovix Corp demonstrated significant financial growth with a revenue increase to approximately $7.5 million, reflecting a 47.1% sequential rise from $5.1 million in the previous quarter, driven by robust customer demand across multiple end markets. Additionally, the company achieved a non-GAAP gross profit of around $1.2 million, marking improvements both sequentially from $0.4 million in 1Q25 and annually from a loss of approximately $0.6 million in 2Q24. The strength of the Enovix management team's industry connections further enhances the company’s potential for sustained success in the competitive battery market.
Bears say
Enovix Corp reported a non-GAAP net loss of approximately $26.2 million for the second quarter of 2025, despite a sequential improvement from the previous quarter's loss of $28.5 million. The company's cash and equivalents stood at $203.4 million, which raises concerns about long-term liquidity given the increasing operating expenses expected in the upcoming quarter as management anticipates limited margins due to an unfavorable product mix. Furthermore, the apprehension regarding customer demand remains evident, casting doubt on whether improved manufacturing capabilities will translate into sufficient sales to support future profitability.
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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