The earnings call highlighted significant revenue growth and technological advancements with the launch of the A1 product platform, alongside successful manufacturing expansions. However, there are challenges with increased operating losses and extended timelines for product qualification. The need for additional capital to fully realize production capabilities remains a concern.

Company Guidance -

Q3 2025

During the call, the company reported significant progress in Q2 2025, with a revenue of $7.5 million, exceeding the guidance range and marking a 98% year-on-year increase. The non-GAAP gross margin reached 31%, bolstered by a favorable product mix in the defense sector. Key developments included the launch of the A1 product platform and the commencement of product sampling to major smartphone OEMs and strategic IoT customers. The A1 battery, noted for its high energy density of 900 watt hours per liter and the capacity to endure up to 1,000 cycles, is under commercial qualification. The company also highlighted the expansion of its manufacturing capabilities, with Fab2 in Malaysia producing its first A1 batteries, and emphasized the strategic importance of its recent acquisition in Korea to enhance its defense battery offerings. The financial outlook for Q3 anticipates continued revenue growth, albeit with an expected slight increase in net operating loss due to a less favorable product mix and increased operating expenses for scaling up manufacturing readiness.

Strong Revenue Growth

Delivered Q2 revenue of $7.5 million, above the guidance range and up 98% year-on-year, driven by strong demand for products.

Positive Gross Margin

Achieved a non-GAAP gross margin of 31%, reflecting the higher margin of defense products from the Korean factory.

Launch of A1 Product Platform

Introduced the A1 platform with 900 watt hours per liter battery, 3C charge rate, and 1,000 cycles, marking significant technological advancement.

Expansion and Production Capability

Fab2 in Malaysia commenced high-volume manufacturing line for A1 batteries, with plans to expand capacity.

Shareholder Warrant Dividend

Issued a special shareholder warrant dividend, raising approximately $34 million to fund future growth initiatives.

Enovix (ENVX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ENVX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	-0.16 / -	-0.17	―	―	―
Jul 31, 2025	2025 (Q2)	-0.16 / -0.13	-0.14	7.14% (+0.01)	―
Apr 30, 2025	2025 (Q1)	-0.19 / -0.15	-0.31	51.61% (+0.16)
Feb 19, 2025	2024 (Q4)	-0.19 / -0.11	-0.28	60.71% (+0.17)
Oct 29, 2024	2024 (Q3)	-0.21 / -0.17	-0.19	10.53% (+0.02)
Jul 31, 2024	2024 (Q2)	-0.23 / -0.14	-0.19	26.32% (+0.05)
May 01, 2024	2024 (Q1)	-0.31 / -0.31	-0.2	-55.00% (-0.11)
Feb 20, 2024	2023 (Q4)	-0.28 / -0.28	-0.19	-47.37% (-0.09)
Nov 07, 2023	2023 (Q3)	-0.25 / -0.19	-0.15	-26.67% (-0.04)
Jul 26, 2023	2023 (Q2)	-0.22 / -0.19	-0.13	-46.15% (-0.06)

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
Jul 31, 2025	$13.40	$10.70	-20.15%
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%

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 Nov 11, 2025, After Close (Confirmed).

What is Enovix Corporation (ENVX) earnings time?

Enovix Corporation (ENVX) earnings time is at Nov 11, 2025, 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 2025 (Q3) is -0.16.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing