Enovix makes next-gen lithium-ion batteries with a unique 3D silicon architecture, aiming to pack more energy into smaller spaces for smartphones and EVs.
The company has no meaningful revenue yet — annual sales were just USD 0.03B in 2025, with negative gross margins of -86.79%, so it burns cash on R&D and pilot production.
Enovix holds patents on its 3D cell architecture, but giants like Samsung SDI and LG Energy Solution have far more resources and scale to replicate or leapfrog the tech.
Key events, in time order
Q2 beat, ample runway, but CEO exit sparks debate
Oversold technicals and analyst upgrade signal potential sentiment shift
Q2 rev +21% YoY to $9.0M beat; EPS beat; Q3 guide below est.
Ex-AirPods manufacturing leader to oversee global production and supply chain amid Malaysia/Korea battery ramp
Q1 adj EPS and revenue beat estimates, but shares fell 17.42%
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Facts and opinions separated · All items sourced · Not investment advice
