logo
Twitter
Discord
Email
logo
Enovix Corporation

Enovix Corporation

NASDAQ•ENVX
CEO: Dr. Raj Talluri Ph.D.
Sector: Industrials
Industry: Electrical Equipment & Parts
Listing Date: 2021-01-05
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
Contact Information
3501 West Warren Avenue, Fremont, CA, 94538, United States
510-695-2350
www.enovix.com
Market Cap
$1.61B
P/E (TTM)
-10.9
25.2
Dividend Yield
--
52W High
$16.49
52W Low
$5.27
52W Range
28%
Rank70Top 94.8%
1.5
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 1.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q3 2025 Data

Revenue

$7.99M+85.08%
4-Quarter Trend

EPS

-$0.26-13.33%
4-Quarter Trend

FCF

-$28.50M-43.25%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Revenue Jumps 85% Revenue for Q3 2025 reached $8.0M, an 85% increase versus prior year, driven by strong South Korea defense sales.
Manufacturing Footprint Expansion Integrated South Korea assets post-SolarEdge acquisition; achieved yield improvements at Malaysia Fab2 production facility.
Significant Financing Activities YTD net cash provided by financing was $470.7M, including $360.0M issuance of 2030 Convertible Senior Notes.
AI-1 Battery Performance Validated Independent testing confirmed AI-1TM smartphone battery achieved highest energy density reported for a smartphone battery.

Risk Factors

Continued Operating Losses Expected Incurred quarterly Net Loss of $(53.8M); expects to continue incurring operating losses in the near term for scale-up.
Manufacturing Scale-Up Hurdles Achieving volume production relies on complex new process integration, posing significant uncertainty regarding yield and costs.
High Customer Concentration Risk Single defense subcontractor drove 60% of YTD revenue, creating significant dependency and potential revenue volatility risk.
Future Capital Requirements Current cash sufficient for twelve months; may require additional financing for future operations and expansion plans.

Outlook

AI-1 Platform Commercialization Finalized AI-1TM platform launch; actively engaged in multi-year partnership lifecycle testing with lead smartphone customer.
Strategic Market Focus Prioritizing high-value sectors like smartphones and smart eyewear, leveraging AI device surge for product pull.
Next Generation Technology Finalized design for next battery technology node to unlock further energy density improvements over current offerings.
Capital Strategy Flexibility Long-term expansion relies on partnerships; must secure favorable terms or fund expansion purely internally.

Peer Comparison

Revenue (TTM)

Atkore Inc.ATKR
$2.85B
-11.0%
FTAI Aviation Ltd.FTAI
$2.35B
+50.4%
First Advantage CorporationFA
$1.46B
+93.4%

Gross Margin (Latest Quarter)

FTAI Aviation Ltd.FTAI
31.4%
-3.8pp
Atkore Inc.ATKR
19.7%
-7.8pp
Enovix CorporationENVX
17.5%
+32.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FTAI$17.67B36.2370.3%81.3%
FA$2.66B-19.1-10.7%0.3%
ATKR$2.19B-144.1-1.1%31.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.3%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 18, 2026
|
EPS:-$0.17
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 28, 2025|Filed: Nov 5, 2025|
    Revenue: $7.99M+85.1%
    |
    EPS: $-0.26-13.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 29, 2025|Filed: Jul 31, 2025|
    Revenue: $7.47M+98.2%
    |
    EPS: $-0.22-65.1%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 30, 2025|Filed: May 2, 2025|
    Revenue: $5.10M-3.3%
    |
    EPS: $-0.12-57.1%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 29, 2024|Filed: Feb 25, 2025|
    Revenue: $23.07M+201.9%
    |
    EPS: $-1.27+5.9%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 29, 2024|Filed: Oct 30, 2024|
    Revenue: $4.32M+2058.5%
    |
    EPS: $-0.30+200.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $3.77M+8871.4%
    |
    EPS: $-0.63+53.7%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $5.27M+25004.8%
    |
    EPS: $-0.28-40.4%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $7.64M+23.3%
    |
    EPS: $-1.35-297.1%
    Miss