Enovix Corporation declared a no-cost warrant dividend, with approximately 65.6 million warrants expected to be distributed. Common stockholders of record November 13, 2026 receive one warrant for every four common shares, rounded down; holders of its 2028 and 2030 convertible notes on that date also receive warrants on an as-converted pass-through basis. Distribution is expected on or about November 18, 2026.
Each warrant buys one common share for $3.00, payable in cash or by surrendering 2028 Notes at face value; 2030 Notes are ineligible for exercise. Surrendered 2028 Notes will be cancelled, and Enovix receives cash only on cash exercises. Scheduled expiration is April 28, 2028, subject to early expiration if common-stock VWAP equals or exceeds 110% of the then-applicable cash exercise price on 20 trading days in any 30-consecutive-trading-day period after issuance.
Enovix also repurchased $100 million aggregate principal of its 2030 Notes for approximately $63.1 million; it said this increased net cash (cash–debt) by approximately $36.9 million. Preliminary unaudited Q3 2026 revenue was $11.0 million, up 38% year over year and above its $9 million to $10 million guidance range. It reported an initial 100,000-unit drone-battery order, with deliveries scheduled in the first half of 2027.
Enovix Corp (ENVX) Chief Legal Officer Arthi Chakravarthy had 2,221 common shares withheld on October 24, 2026, to satisfy tax withholding obligations connected with restricted stock unit vesting. Her reported direct holdings after the transaction were 569,998 shares. The reported holdings include shares issuable upon RSU vesting and settlement and earned performance restricted stock units.
Enovix Corporation (ENVX) clarified that an article-reported estimate of around $100 million in 2027 revenue was not a company-authorized disclosure and should not be relied on as company guidance. The company said the shipments described in The Electric’s October 21, 2026 article went to a smart eyewear customer, not a smartphone maker.
Enovix said it had shipped approximately 17,000 production sample cells to that customer as of the end of the third quarter of 2026, out of a 50,000 pack order. It said its $216 million drone, defense and industrial pipeline as of quarter-end is expected to be the primary driver of revenue growth, and it expects to provide updated guidance with third-quarter results on November 12, 2026.
Enovix Corp (ENVX) Interim CEO Ryan A. Benton had 19,823 common shares withheld at $2.44 per share on October 14, 2026, to satisfy tax withholding obligations in connection with vesting of restricted stock units (RSUs). He directly held 872,712 shares after the transaction, including 731,629 shares issuable upon vesting and settlement of RSUs granted to him.
Enovix Corp (ENVX) Chief Accounting Officer Kristina Truong had 1,015 shares of common stock withheld on October 13, 2026, to satisfy tax-withholding obligations tied to RSU vesting. The reported price was $2.51 per share. Her reported post-transaction position was 297,294 shares, including 175,485 shares issuable upon vesting and settlement of RSUs, 2,489 vested PRSUs scheduled for release in March 2027, and 35,278 earned PRSUs, with 50% scheduled for April 2027 and the remainder for April 2028.
Enovix Corp (ENVX) reported that Chief Legal Officer Arthi Chakravarthy had two direct common-stock withholding transactions on October 8, 2026: 936 shares and 3,359 shares were withheld to satisfy tax obligations tied to restricted stock unit vesting. The reported price was $2.50 per share in each transaction. Both entries concern direct holdings.
Enovix Corp Chief Accounting Officer Kristina Truong had 1,680 shares withheld on October 8, 2026, and 253 shares on October 9, 2026, to satisfy tax withholding obligations in connection with restricted stock unit vesting. The reported per-share amounts were $2.50 for October 8 and $2.46 for October 9.
Enovix Corporation (ENVX) reported preliminary, unaudited Q3 2026 revenue of $11.0 million, up 38% year over year and above guidance of $9.0 million to $10.0 million. GAAP operating loss was $39.294 million, versus non-GAAP operating loss of $29.215 million; GAAP and non-GAAP net loss per share were ($0.19) and ($0.14). Cash and cash equivalents were approximately $512 million as of October 4, 2026.
The drone, defense and industrial pipeline grew 18% to approximately $216 million, including a drone pipeline of approximately $150 million, up 48%. Enovix defines its pipeline as estimated peak annual production value of identified design opportunities, not orders, backlog or committed revenue. The company is investing $19 million now to double capacity at its Korean plant; defense and drone customers accounted for approximately 70% of Q3 revenue. Full results are expected on or about November 12, 2026.
Steve Bakos was promoted from senior vice president of worldwide sales to chief revenue officer and general manager, leading global defense and commercial business. James Wilcox was promoted to vice president of corporate strategy, and Dan Wark joined full-time to lead a new global supply chain organization.
Enovix Corp (ENVX) Chief Accounting Officer Kristina Truong had 638 shares of common stock withheld on October 6, 2026, to satisfy tax withholding obligations in connection with RSU vesting. The reported price was $2.67 per share; she directly held 300,242 shares after the transaction. No Rule 10b5-1 plan is reported.
Enovix Corp interim CEO Ryan A. Benton had 10,988 shares of common stock withheld on October 1, 2026, to satisfy tax-withholding obligations tied to vesting of restricted stock units. The transaction was reported at $2.78 per share. Afterward, Benton directly held 892,535 shares, including 769,066 shares issuable upon vesting and settlement of RSUs.