Long-term envx stock forecast models remain constructive, with projections of doubling market share in the next five years if the firm maintains its innovation pace in solid-state battery design. The research firm stated that Enovix believes its technology is fully developed and its cells are ready for the market, but the company still needs an official order from a top smartphone manufacturer and has to prove it can scale up production. Enovix ( NASDAQ:ENVX - Get Free Report ) last released its earnings results on Thursday, July 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $7.50 million during the quarter, compared to analyst estimates of $5.48 million. Enovix had a negative net margin of 481.35% and a negative return on equity of 73.88%. The business's revenue was up 98.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) EPS. Enovix has set its Q3 2025 guidance at -0.180--0.140 EPS. As a group, research analysts expect that Enovix will post -1.01 EPS for the current fiscal year. The envx stock forecast may benefit from policy drivers such as federal clean energy incentives, which have historically boosted battery manufacturing revenues.
