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Enovix (ENVX)
NASDAQ:ENVX
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.14Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 23.58%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant strategic progress, including exceeding revenue guidance, strategic acquisitions, and advancements in smartphone initiatives. However, financial challenges remain with substantial adjusted EBITDA loss and non-GAAP net loss, along with a conservative revenue forecast for Q2. The sentiment reflects a balanced view with both achievements and financial hurdles.Company Guidance
In the first quarter of 2025, Enovix Corporation reported $5.1 million in revenue, surpassing the midpoint of their guidance. The company's adjusted EBITDA loss was $22.2 million, aligning with their guidance range of a loss between $21 million and $27 million. Non-GAAP net loss per share stood at $0.15, at the high end of their guidance range of $0.15 to $0.21. Capital expenditures for the quarter were $6.3 million, with cash used in operations totaling $16.9 million. Enovix concluded the quarter with approximately $248 million in cash, cash equivalents, and marketable securities. For the second quarter, the company projected revenue between $4.5 million and $6.5 million, with a non-GAAP operating loss forecasted between $31 million and $37 million, and an adjusted EBITDA loss expected to range from $23 million to $29 million. The anticipated non-GAAP net loss per share is projected to be between $0.15 and $0.21.Exceeding Revenue Guidance
Enovix delivered $5.1 million in revenue for Q1 2025, exceeding the midpoint of their guidance.
Strategic Acquisition in Korea
Completed the acquisition of additional manufacturing assets in South Korea on April 1, 2025, enhancing production capacity and providing critical additional coating capacity.
Fab2 Mass Production Readiness
Accelerated progress towards mass production readiness at Fab2 in Malaysia, secured ISO 9001 certification, completed the first formal customer audit, and made critical yield improvements.
Smartphone Initiative Progress
Finalized agreement with the lead smartphone customer on electrochemistry and commenced manufacturing custom cells, with positive customer feedback.
First Smart Eyewear Customer Samples
Delivered the first smart eyewear customer samples as part of expansion into new segments.
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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
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ENVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $6.70 | $6.14 | -8.36% |
Feb 19, 2025 | $11.19 | $11.48 | +2.59% |
Oct 29, 2024 | $10.63 | $10.48 | -1.41% |
Jul 31, 2024 | $14.41 | $11.65 | -19.15% |
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.
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FAQ
When does Enovix (ENVX) report earnings?
Enovix (ENVX) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Enovix (ENVX) earnings time?
Enovix (ENVX) earnings time is at Aug 06, 2025, TBA Not 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 2025 (Q2) is -0.19.
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