Enovix reports $11 million Q3 revenue

• Enovix (NASDAQ:ENVX) reported preliminary unaudited third-quarter 2026 revenue of approximately $11 million, exceeding its guidance range and rising 38% year over year.
• The company reported a GAAP operating loss of $39.294 million and a GAAP net loss per share of $0.19 for the quarter.
• Enovix said its drone, defense and industrial pipeline increased 18% to approximately $216 million, although pipeline values do not represent orders or committed revenue.

Enovix (NASDAQ:ENVX) reported preliminary Q3 2026 revenue of approximately $11 million, compared with company guidance of $9 million to $10 million, while revenue increased from the prior-year period.

The company reported approximately $512 million in cash and cash equivalents as of October 4, 2026, alongside preliminary GAAP operating loss of $39.294 million and net loss per share of $0.19.

Enovix said its drone, defense and industrial pipeline reached approximately $216 million, including a drone pipeline of approximately $150 million, while investing $19 million to double capacity at its Korean manufacturing facility.

The company said orders received in early fourth-quarter 2026 exceeded total third-quarter revenue and plans to report initial cost-reduction progress on November 12.

Enovix develops lithium-ion battery technology and is expanding production capacity while targeting applications across consumer electronics, industrial systems, drones, and defense markets.