For Q1 FY2026 ended April 5, 2026, Enovix reported revenue of $7.6 million, up 49.1% year-over-year. Net loss widened to $38.3 million from $23.5 million, and diluted EPS was -$0.18, a 50% decline. Operating loss was $43.9 million, slightly worse than the prior year. Cash stood at $88.8 million, with long-term debt of $520.4 million.
•Revenue grew 49% YoY to $7.6M.
•Net loss increased 63% to $38.3M; EPS -$0.18.
•Operating loss widened 3% to $43.9M.
•Cash $88.8M; long-term debt $520.4M.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Enovix designs, develops, and manufactures lithium-ion battery cells in the United States and globally. The company serves wearables and IoT, smartphone, computing, electrical vehicles, and OEMs. Founded in 2006, the company is headquartered in Fremont, California.
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells. The company serves a range of markets including wearables and IoT devices, smartphones, computing, electric vehicles, and original equipment manufacturers (OEMs). Founded in 2006 and headquartered in Fremont, California, Enovix focuses on advanced battery technology to improve energy density and safety. Their products are used in portable electronics and electric vehicles, aiming to provide longer battery life and faster charging. The company operates both in the United States and globally, catering to diverse industries that require reliable, high-performance energy storage solutions.
Where is Enovix listed and what currency does it trade in?
Enovix Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol ENVX. The company trades in United States Dollars (USD). As a US-based company, its stock is denominated in USD, making it accessible to investors on major US exchanges. The NasdaqGS is a premier exchange for technology and growth companies, providing liquidity and visibility for Enovix shares. Investors can buy and sell ENVX shares during regular trading hours on the Nasdaq, with prices quoted in USD.
What sector and industry does Enovix belong to?
Enovix Corporation operates in the Industrials sector, specifically within the Electrical Equipment & Parts industry. This classification reflects the company's focus on manufacturing electrical components, particularly lithium-ion battery cells. The Electrical Equipment & Parts industry includes companies that produce batteries, wiring, and other electrical infrastructure. Enovix's role in this industry is centered on advanced battery technology for consumer electronics and electric vehicles. Being part of the Industrials sector indicates that Enovix is involved in producing capital goods and equipment used across various industries, rather than in financial or technology services.
Where is Enovix headquartered and what markets does it serve?
Enovix Corporation is headquartered in Fremont, California, United States. The company serves both domestic and global markets, including wearables and IoT, smartphones, computing, electric vehicles, and OEMs. Founded in 2006, Enovix has established a presence in the US and internationally, supplying advanced lithium-ion battery cells to various industries. Their headquarters in Fremont places them in the heart of Silicon Valley, a hub for technology innovation. By targeting multiple sectors, Enovix aims to address the growing demand for high-energy-density batteries in portable electronics and electric transportation.
How does Enovix make money?
Enovix generates revenue by designing, developing, and manufacturing lithium-ion battery cells, which it sells to customers in the wearables and IoT, smartphone, computing, electric vehicle, and OEM markets. The company's business model focuses on providing advanced battery solutions that offer higher energy density, improved safety, and faster charging compared to conventional batteries. By targeting high-growth segments like electric vehicles and portable electronics, Enovix aims to capture value from the increasing demand for efficient energy storage. Their revenue comes from direct sales of battery cells to manufacturers and OEMs, as well as potential licensing or partnership agreements. The company's competitive advantage lies in its proprietary battery architecture, which enables better performance for a wide range of applications.