Education
About Us
Working with TipRanks
Follow Us
Enovix (ENVX)
NASDAQ:ENVX
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.15Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a number of meaningful operational and commercial positives: record quarterly and annual revenue, improved gross margins, a strong cash position ($621M), clear near-term commercialization pathways (smart eyewear shipments expected H2 2026), an expanding defense and drone pipeline (~$100M), and improving manufacturing yields and leadership. However, there are important near-term risks and uncertainties — most notably the smartphone qualification gap on the accelerated 0.7C cycle-life test, the Zone 1 dicing throughput constraint, continued substantial operating losses, and Q1 seasonality-driven revenue decline. Management articulated defined mitigation paths for technical and manufacturing challenges and emphasized ample liquidity and disciplined capital allocation. Overall, the progress and liquidity mitigate many risks, but timing and execution on qualification and scale remain key variables.Company Guidance
Record Quarterly and Annual Revenue
Q4 2025 revenue of $11.3M (record quarter), up 16% year-over-year; Full Year 2025 revenue of $31.8M (record year), up 38% year-over-year. Q4 revenue was above the top end of guidance ($10.5M).
Improving Gross Margins
Q4 non-GAAP gross profit of $2.9M for a non-GAAP gross margin of ~26%; Full Year 2025 non-GAAP gross margin improved to 23%, reflecting higher volumes and favorable mix shift toward higher-margin defense batteries after April 2025 asset acquisition.
Strong Liquidity and Capital Actions
Ended year with approximately $621M in cash, cash equivalents and marketable securities; Board authorized a share repurchase program, signaling balance-sheet strength and capital allocation flexibility.
Smartphone Qualification Progress
Engagement expanded to 7 of the top 8 global smartphone OEMs with formal qualification underway with lead mobile customer (Honor) since Q3 2025. Internal 0.2C cycle-life testing indicates likely exceedance of the 1,000-cycle requirement at 0.2C, increasing confidence toward smartphone integration and system planning.
Smart Eyewear — Near-Term Commercial Pathway
Smart eyewear positioned as an accelerated commercialization pathway due to lower qualification barriers and lower cycle-life thresholds; company preparing production to support initial high-volume demand from lead smart eyewear customer and expects first smart eyewear battery shipments in H2 2026. Company estimates smart-eyewear battery TAM could exceed $400M by 2030.
Defense and Drone Momentum / Pipeline
Defense shipments remained the largest contributor in 2025 (naval munitions top Q4 product); company reports a global pipeline of ~ $100M with multiple Tier 1 defense contractors. Drone battery opportunity highlighted with an estimated TAM of ~$1.5B this year.
Energy Density and R&D Roadmap
Internal testing shows a high-energy drone cell at ~342 Wh/kg with a roadmap targeting >400 Wh/kg for next-generation silicon-anode products, supporting longer flight times and expanded mission capabilities.
Operational and Manufacturing Strengthening
Key operational hires (Head of Global Manufacturing and Head of Advanced Manufacturing Engineering) added to support scale-up. Yields and throughput improving across Fab2; most process steps achieving >= ~80% yields and recent progress on rate-limiting Zone 1 laser dicing.
ENVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ENVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $6.15 | $5.95 | -3.25% |
Nov 05, 2025 | $11.32 | $9.03 | -20.23% |
Jul 31, 2025 | $13.40 | $10.70 | -20.15% |
Apr 30, 2025 | $6.70 | $6.14 | -8.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Enovix (ENVX) report earnings?
Enovix (ENVX) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Enovix (ENVX) earnings time?
Enovix (ENVX) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENVX EPS forecast?
ENVX EPS forecast for the fiscal quarter 2026 (Q1) is -0.16.