Enovix Corporation (ENVX)
NASDAQ:ENVX
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights meaningful commercialization and technical milestones (commercial production of A1, AI2 samples with >20% energy density gains, MX1 drone cell, alignment with smartphone OEMs on qualification framework), strong YoY revenue growth (+49%), improving manufacturing yields and a robust cash position (~$582.7M). Key challenges remain: operating losses and negative EBITDA, Q1 free cash outflow, a current zone dicing throughput bottleneck (yield ~80%) pending mechanical dicer implementation, and potentially longer smartphone qualification timelines due to slower but more realistic 0.1–0.2C testing. Overall, the progress on product readiness, customer engagement and manufacturing improvements, together with a solid liquidity position, outweighs the near-term financial and operational headwinds, supporting a constructive outlook.Company Guidance
Commercial production start for smart eyewear (A1) and initial shipments
Commenced commercial production of A1 silicon-anode battery for lead customer's reference platform; initial shipments underway with production expected to ramp through H2 2026; smart eyewear sampling for AI2 planned this quarter; company expects ~50,000 smart eyewear units in 2026 and projects the market could exceed $1B by 2030.
Smartphone OEM qualification alignment and progress
Aligned with Honor on an updated silicon-anode specific qualification framework (prioritizing ~0.2C tests vs legacy 0.7C); second smartphone OEM adopting a similar approach; cycle life testing under the new protocols is progressing and results are approaching required thresholds.
Revenue growth and improved margins
Reported Q1 revenue of $7.6 million, above the high end of guidance and up 49% year-over-year; non-GAAP gross margin was 26.3%; sixth consecutive quarter of positive gross profit on both GAAP and non-GAAP bases.
Strong cash position and liquidity runway
Ended Q1 with approximately $582.7 million in cash, cash equivalents, restricted cash and marketable securities, providing substantial liquidity to fund commercialization, capacity expansion and strategic opportunities.
Manufacturing yield and throughput improvements
Yields in most production zones nearing or exceeding 90%; Zone 1 dicing step-level yields approximately 80% with continued improvement; mechanical dicing progress (hybrid laser + mechanical approach) demonstrated to materially increase throughput and reduce cost prospects.
AI2 engineering sample energy density improvement
Produced first engineering samples of AI2 for smart eyewear delivering greater than 20% higher volumetric energy density versus AI1 through reduced inactive material and increased cathode voltage; AI1 smartphone battery independently validated at 935 Wh/L.
MX platform launch and drone market traction
Launched MX1-B01 drone cell delivering 360 Wh/kg and ~300 cycles, NDAA-compliant and manufactured in Korea; global Korea pipeline now exceeds $130 million (majority driven by drone demand) and company targets MX2 at 400 Wh/kg in 2027.
Commercial and organizational moves to drive scale
Appointed Steve Bakos as SVP Worldwide Sales to accelerate commercial conversion; vertical integration and owned manufacturing footprint (Korea and Malaysia) positioned to meet defense/industrial supply chain requirements; Q2 2026 revenue guidance $8M–$9M and continued targeted CapEx for capacity expansion.
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 |
|---|---|---|---|
May 13, 2026 | $7.29 | $6.30 | -13.58% |
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% |
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 Corporation (ENVX) report earnings?
Enovix Corporation (ENVX) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Enovix Corporation (ENVX) earnings time?
Enovix Corporation (ENVX) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ENVX EPS forecast?
ENVX EPS forecast for the fiscal quarter 2026 (Q2) is -0.15.