Earnings summaries and quarterly performance for Enovix.
Executive leadership at Enovix.
Raj Talluri
Detailed
President and Chief Executive Officer
CEO
AM
Ajay Marathe
Detailed
Chief Operating Officer
AC
Arthi Chakravarthy
Detailed
Chief Legal Officer and Head of Corporate Development
KT
Kristina Truong
Detailed
Senior Vice President and Chief Accounting Officer
RB
Ryan Benton
Detailed
Chief Financial Officer
Board of directors at Enovix.
Research analysts who have asked questions during Enovix earnings calls.
CR
Colin Rusch
Oppenheimer & Co. Inc.
7 questions for ENVX
Also covers: AEVA, ALB, AMPX +25 more
Derek Soderberg
Cantor Fitzgerald
7 questions for ENVX
Also covers: AMPX, ARRY, ECX +9 more
AB
Ananda Baruah
Loop Capital Markets LLC
6 questions for ENVX
Also covers: BURU, CRUS, DDD +15 more
George Gianarikas
Canaccord Genuity
5 questions for ENVX
Also covers: AEVA, AIRJ, AMRC +21 more
JO
Jeffrey Osborne
TD Cowen
4 questions for ENVX
Also covers: ASPN, AUR, BLDP +14 more
WP
William Peterson
JPMorgan Chase & Co.
4 questions for ENVX
Also covers: AA, ACHR, BLDE +14 more
AS
Anthony Stoss
Craig-Hallum Capital Group LLC
3 questions for ENVX
Also covers: ACTG, AIOT, AIRG +8 more
Mark Shooter
William Blair
3 questions for ENVX
Also covers: ACLS, AMPX, BWXT +2 more
SM
Sean Milligan
Gen
3 questions for ENVX
Also covers: AIRJ, GNRC, HYLN +2 more
AV
Alec Valera
Loop Capital
2 questions for ENVX
AR
Auguste Richard
Northland Capital Markets
2 questions for ENVX
Also covers: AIP, AMBA, BURU +12 more
BP
Bill Peterson
JPMorgan Chase & Co.
2 questions for ENVX
Also covers: AA, ACHR, BLDE +13 more
GD
Gabriel Daoud
Cowen
2 questions for ENVX
Also covers: CHPT, CIVI, CNX +6 more
JD
Jonathan Dorsheimer
William Blair & Company, L.L.C.
2 questions for ENVX
Also covers: ACLS, AEHR, ON +1 more
GR
Gus Richard
Northland Capital Markets
1 question for ENVX
Also covers: AIP, AMBA, CAMT +9 more
MS
Mark Schuster
William Blair
1 question for ENVX
MS
Mark Schutter
William Blair & Company
1 question for ENVX
Also covers: AEHR
Recent press releases and 8-K filings for ENVX.
Enovix Reports Record Q4 and Full-Year 2025 Revenue, Advances Commercialization
ENVX
Earnings
Guidance Update
Share Buyback
- Enovix reported record revenue of $11.3 million for Q4 2025 (up 16% year-over-year) and $31.8 million for the full year 2025 (up 38% year-over-year), with a full-year non-GAAP gross margin of 23%. The company ended 2025 with $621 million in cash equivalents and marketable securities and authorized a share repurchase program.
- Progress is being made on smartphone qualification for the AI-1 platform, with internal tests indicating the battery is likely to exceed the 1,000 cycles at 0.2 C-rate requirement, though it is not currently on track for the accelerated 0.7 C target. Initial smartphone revenue is anticipated in 2026, with larger scale commercialization in late 2026 or early 2027.
- Smart eyewear is considered an earlier commercialization pathway due to lower qualification barriers, with initial volume shipments to a lead customer expected in H2 2026. The smart eyewear battery Total Addressable Market (TAM) is projected to exceed $400 million by 2030.
- For Q1 2026, the company expects revenue between $6.5 million and $7.5 million and a non-GAAP loss from operations between $29 million and $32 million.
2 days ago
Enovix Reports Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance
ENVX
Earnings
Guidance Update
Share Buyback
- Enovix reported Q4 2025 revenue of $11.3 million and full-year 2025 revenue of $31.8 million, marking a 38% year-over-year increase for the full year, primarily driven by defense shipments. The company achieved a full-year non-GAAP gross margin of 23%.
- For Q1 2026, Enovix provided revenue guidance of $6.5 million to $7.5 million and non-GAAP EPS guidance of ($0.14) to ($0.18).
- Commercialization momentum continued with smartphone production qualification advancing, an initial 2026 high volume production order for smart eyewear from a Silicon Valley AI leader, and increased defense traction including shipments to Korean Naval munitions.
- The company's Al-1™ smartphone battery demonstrated industry-leading performance with 935 Wh/L energy density, independently verified in January 2026, and the HONOR XENOVIX collaboration is progressing towards production commencement in 2026.
- Enovix authorized a share repurchase program of up to $75 million.
2 days ago
Enovix Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance
ENVX
Earnings
Guidance Update
Share Buyback
- Enovix reported Q4 2025 revenue of $11.3 million and full-year 2025 revenue of $31.8 million, representing a 38% year-over-year increase, primarily driven by defense shipments. The company ended the year with a strong liquidity position of $621 million in cash, equivalents, and marketable securities.
- Smartphone qualification is progressing, with cycle life testing identified as the main gating item for the lead mobile customer. Enovix is discussing alternative testing protocols for silicon anode batteries, targeting larger scale commercialization in late 2026 or early 2027.
- Smart eyewear is emerging as an earlier commercialization pathway, with a purchase order received from a lead customer and manufacturing initiated. Shipments of smart eyewear batteries are expected in the second half of 2026.
- For Q1 2026, Enovix anticipates revenue between $6.5 million and $7.5 million and a non-GAAP loss from operations between $29 million and $32 million. The board also authorized a share repurchase program.
2 days ago
Enovix Reports Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance
ENVX
Earnings
Guidance Update
Share Buyback
- Enovix reported Q4 2025 revenue of $11.3 million and full-year 2025 revenue of $31.8 million, marking a 38% year-over-year growth primarily from defense shipments.
- The company concluded 2025 with $621 million in cash, equivalents, and marketable securities and authorized a share repurchase program.
- Smartphone qualification is progressing, with cycle life testing as the main hurdle, while smart eyewear is identified as an earlier commercialization path, with initial battery shipments anticipated in H2 2026.
- The defense and industrial segment shows continued strength, entering 2026 with a $100 million pipeline and targeting the $1.5 billion drone market.
- For Q1 2026, revenue is projected to be between $6.5 million and $7.5 million, with a non-GAAP loss from operations expected between $29 million and $32 million.
2 days ago
Enovix Reports Q4 and Full Year 2025 Results, Announces Share Repurchase Plan
ENVX
Earnings
Guidance Update
Share Buyback
- Enovix reported record full-year 2025 revenue of $31.8 million, representing 38% year-over-year growth, with Q4 2025 revenue reaching $11.3 million. The full-year non-GAAP gross margin improved to 23%.
- Qualification for its lead smartphone customer is progressing, with evaluation samples meeting energy density, fast-charge, and safety requirements. The AI-1 platform is also positioned for early commercialization in smart eyewear applications, with initial production demand received.
- The company's board authorized an additional share repurchase plan of up to $75 million, supplementing the approximately $1.6 million remaining under the 2025 plan as of December 28, 2025. Enovix ended the year with approximately $621 million in cash, cash equivalents, and marketable securities.
- For Q1 2026, Enovix anticipates revenue between $6.5 million and $7.5 million and a non-GAAP net loss per share between ($0.14) and ($0.18).
2 days ago
Enovix Reports Fourth Quarter and Full Year 2025 Results
ENVX
Earnings
Guidance Update
Share Buyback
- Enovix reported record fourth quarter 2025 revenue of $11.3 million and record full-year 2025 revenue of $31.8 million, marking 38% year-over-year growth primarily from defense and industrial shipments. The full-year non-GAAP gross margin improved to 23%.
- The company ended 2025 with approximately $621 million in cash, cash equivalents, and marketable securities. Net cash used in operating activities for full year 2025 was $95.3 million, and free cash flow was an outflow of $113.5 million.
- Enovix is progressing with smartphone qualification, with customer evaluation samples meeting energy density, fast-charge, and safety requirements, and cycle-life performance improving. Smart eyewear platforms are also moving towards production readiness, with initial production demand received.
- For Q1 2026, Enovix expects revenue between $6.5 million and $7.5 million. The Board of Directors also authorized an additional share repurchase program of up to $75 million.
2 days ago
Enovix Announces Operations Leadership Transition and Preliminary 2025 Revenue Growth
ENVX
Management Change
Hiring
Revenue Acceleration/Inflection
- Enovix Corporation announced a leadership transition in its operations organization, including the planned retirement of its Chief Operating Officer, Ajay Marathe, effective February 17, 2026.
- The company is realigning its operations leadership to prioritize high-volume battery manufacturing expertise, with Kihong Park expanding his role to lead Global Manufacturing Operations and Ed Casey joining as Vice President, Operations for Advanced Manufacturing Engineering.
- Additionally, Sanghyuck Park was hired as Senior Director, Advanced Manufacturing Engineering, bringing over 30 years of experience in battery production equipment.
- Enovix reported approximately 38% revenue growth for 2025, based on preliminary unaudited financial results.
Jan 20, 2026, 1:33 PM
Enovix Announces Operations Leadership Transition for Manufacturing Scale-Up
ENVX
Management Change
Hiring
New Projects/Investments
- Enovix Corporation announced a leadership transition in its operations organization, including the planned retirement of its Chief Operating Officer, Ajay Marathe, as the company prepares to commence mass production.
- Kihong Park, Senior Vice President, will now lead Global Manufacturing Operations, leveraging his two decades of global battery manufacturing experience, which supported approximately 38% revenue growth for the company overall in 2025 based on preliminary unaudited financial results.
- The company also hired Ed Casey as Vice President, Operations, to lead Advanced Manufacturing Engineering (AME), which will report directly to the Chief Executive Officer, and Sanghyuck Park as Senior Director, AME, to strengthen the team for high-volume manufacturing.
- These changes are intended to align leadership with proven high-volume battery manufacturing expertise and rapid scale-up for silicon-anode battery production in Malaysia, targeting smartphone, smart eyewear, and IoT markets.
Jan 20, 2026, 1:30 PM
Enovix Announces Independent Testing Confirms AI-1 Battery Performance
ENVX
Product Launch
- Enovix Corporation announced that independent, third-party testing by Polaris Battery Labs confirmed its AI-1™ smartphone battery delivers 935 Wh/L volumetric energy density.
- This performance exceeds a leading commercially available smartphone battery by 100 Wh/L, representing a 12% outperformance.
- The AI-1's superior performance is attributed to Enovix's patented cell architecture, which utilizes 100% active silicon anodes.
Jan 13, 2026, 1:30 PM
Enovix Expands Production Capacity and Provides Financial Updates
ENVX
New Projects/Investments
Share Buyback
Revenue Acceleration/Inflection
- Enovix is expanding its Fab 2 facility in Malaysia to a 4-production line configuration, with a projected annual production capacity of 9.5 million to 10 million units once fully ramped.
- As of March 2025, seven of the top eight smartphone OEMs were sampling Enovix batteries, with an estimated Average Selling Price (ASP) of $13 per smartphone battery.
- The company reported revenue of $23.1 million in Q4 2024 and authorized a $60 million share buyback program in 2025.
- Enovix's balance sheet reported $203.4 million in cash on hand in Q2 2025, and the company acquired a SolarEdge facility for $10 million in April 2025.
Dec 15, 2025, 4:30 PM
Quarterly earnings call transcripts for Enovix.
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