Welcome to our dedicated page for Enovix news (Ticker: ENVX), a resource for investors and traders seeking the latest updates and insights on Enovix stock.
Enovix Corporation develops and manufactures advanced lithium-ion batteries, including proprietary silicon-anode architectures for smartphones, smart eyewear, defense, industrial and emerging edge-AI applications. Company news commonly covers AI-1 battery commercialization, customer qualification work, independent battery testing, manufacturing readiness and the scale-up of operations in Korea and Malaysia.
Updates also include quarterly and annual financial results, revenue drivers from defense and industrial shipments, capital markets activity, stockholder capital actions and leadership changes tied to commercial execution. Enovix announcements frequently connect product performance, safety and energy-density claims with the requirements of space-constrained consumer and mission-critical devices.
Enovix (Nasdaq: ENVX) detailed an accelerated capacity expansion at its company-owned South Korea facility, with the first phase expected to double production capacity for its flagship drone batteries and come online in mid‑2027. The project is described as capital‑efficient, using existing land, buildings and readily available production equipment.
According to Enovix, its South Korea customer pipeline reached $183 million at the end of Q2 2026, up about 41% from $130 million in Q1. The site produces silicon‑blended graphite and traditional graphite anode batteries that are 100% TAA compliant today and are on track for NDAA compliance in 2027, and these products are already in production and generating revenue across defense, drone and industrial markets.
Enovix (Nasdaq: ENVX) reported on its August 17, 2026 webcast covering a CEO transition and business outlook. Former CEO Raj Talluri resigned on August 13; the Board accepted his resignation, appointed CFO Ryan Benton as Interim CEO, named T.J. Rodgers Executive Chairman, and began a parallel CEO search without a fixed deadline.
The company emphasized that strategy, customer programs and Q3’26 guidance are unchanged, reiterating revenue of $9.0–$10.0 million (+13% to +25% YoY), non-GAAP operating loss of $(29)–$(32) million, and capital expenditures of $8–$12 million. Enovix reported approximately $552 million in cash and marketable securities at Q2’26-end, five consecutive quarters of year-over-year revenue growth, and seven consecutive quarters of positive gross profit.
Operational highlights include smartphone batteries with more than 1,000 charging cycles confirmed by a lead customer, a 50,000-unit smart eyewear order with about 19,000 units expected to ship in Q3’26, and a drones and defense pipeline of $183 million, up 41% in Q2’26. R&D (147 engineers) was formally aligned under COO Michael Vyvoda to tighten integration with manufacturing, while Rodgers identified priorities such as improving investor reporting, reducing an annual operating loss rate of about $100 million, reconfirming smartphone relationships in China, and accelerating R&D execution.
Enovix (Nasdaq: ENVX) announced that CEO and director Raj Talluri resigned effective August 13, 2026, to pursue another opportunity. The Board accepted his resignation, appointed chairman and largest shareholder T.J. Rodgers as executive chairman, and named CFO Ryan Benton as interim CEO while conducting an internal and external CEO search.
According to Enovix, the CEO transition does not change company strategy, and it reaffirmed its Q3 2026 financial guidance. Management highlighted ongoing priorities: qualifying smartphone programs, scaling AI-1 smart eyewear battery production, and expanding the MX-1 platform supporting defense and drone customers, which represented 65% of Q2 2026 revenue.
Rodgers reiterated earlier technical progress, stating Enovix has demonstrated 1,000-cycle life on AI-class smartphone batteries with 100% silicon anodes, compared with early prototypes that achieved about 10 cycles. Enovix will host a live webcast on August 17 at 4:00 p.m. ET to discuss the transition and business outlook.
Enovix (Nasdaq: ENVX) reported second quarter 2026 revenue of $9.0 million, up 21% year-over-year and 19% sequentially, at the high end of guidance, with first-half 2026 revenue of $16.6 million, up 32% year-over-year. GAAP gross margin was 14.4% and non-GAAP gross margin 19.9%, both lower year-over-year on a battery mix shift, but marking a seventh consecutive quarter of positive gross profit.
GAAP net loss per share was $0.20 and non-GAAP net loss per share $0.13. The company ended the quarter with about $552.1 million in cash, cash equivalents, and marketable securities. A lead smartphone customer confirmed Enovix batteries passed more than 1,000 cycles under a 0.2C-based test, with the final accelerated cycle-life test for smartphone qualification underway and expected to complete in 2026.
Enovix ramped smart eyewear, shipping roughly 2,100 AI-1 batteries and recognizing initial revenue under a 50,000-pack 2026 order, with third quarter deliveries expected to rise to about 19,000 packs. The drone, defense, and industrial pipeline grew about 41% sequentially to roughly $183 million, with drone opportunities exceeding $100 million. Third quarter 2026 revenue is guided to $9.0–$10.0 million, up 13%–25% year-over-year.
Enovix (Nasdaq: ENVX) announced it will report its second quarter 2026 financial results on Wednesday, August 12, 2026, after the market close. The company will host a live audio-only conference call at 2:00 PM PT / 5:00 PM ET the same day to discuss business updates, commercialization progress, operational milestones, and financial results. Investors can register for the call via an online link, which is also accessible through the Investor Relations section of the Enovix website, and may submit questions for management during registration.
Enovix (Nasdaq: ENVX) appointed former Apple operations leader Dr. Michael Vyvoda as Chief Operating Officer effective July 29, 2026, overseeing global manufacturing, supply chain and operations engineering.
Enovix recently reported Q1 2026 revenue of $7.6 million, up 49% year over year, its sixth straight quarter of positive gross profit, and a Korea-based product pipeline above $130 million, while ramping smart eyewear batteries, smartphone qualification and its new MX-1 drone and defense platform.
Enovix (Nasdaq: ENVX) announced participation in several investor conferences in May and June 2026. Events include the 26th Annual B. Riley Securities Institutional Investor Conference on May 20 in Marina del Rey, TD Cowen’s 54th Annual TMT Conference on May 27 in New York, and the William Blair 46th Annual Growth Stock Conference on June 3 in Chicago.
Interested portfolio managers and analysts are directed to contact their sales representatives at the sponsoring firms.
Enovix (Nasdaq: ENVX) reported Q1 2026 revenue of $7.6 million, up 49% year-over-year, with GAAP gross profit of $1.6 million and non-GAAP gross margin of 26.3%. Cash, cash equivalents and marketable securities were $582.7 million.
The company began commercial production of its silicon-anode smart eyewear battery, targeting about 50,000 units in 2026, launched the MX-1 drone battery platform, and reported a Korea manufacturing pipeline above $130 million. Smartphone qualification and manufacturing yield improvements continue.
Enovix (Nasdaq: ENVX) appointed Steve Bakos as Senior Vice President of Worldwide Sales to lead commercial scale-up as the company advances toward the commercial launch of its 100% silicon‑anode batteries.
The hire accompanies alignment with a lead smartphone customer on a new silicon-specific testing framework and growing sales pipelines across smartphones, smart eyewear, drones and defense.
Enovix (Nasdaq: ENVX) will report first quarter 2026 financial results on May 13, 2026 after market close and host a live video call at 2:00 PM PT / 5:00 PM ET the same day.
The call will cover business updates, commercialization progress, operational milestones, and financial results. Registration is required via the provided investor link and questions can be submitted in advance.