Overview

* Enovix ( ENVX ) Q2 preliminary revenue rises to $7.5 mln, beating analyst expectations, per LSEG data

* Q2 preliminary Adjusted EBITDA loss narrows to $21.4 mln, beating estimates, per LSEG data

* Company completes SolarEdge asset acquisition in South Korea

Outlook

* Enovix ( ENVX ) expects to scale significantly with new products and customers.

* Company anticipates continued momentum in revenue and adjusted EBITDA.

Result Drivers

* CUSTOMER DEMAND - Revenue nearly doubled from Q2 2024, driven by demand across multiple end markets

* POSITIVE GROSS PROFIT - Achieved positive gross profit for third consecutive quarter, contrasting with losses in Q2 2024

* STRATEGIC EXECUTION - CEO cites execution to plan and momentum in scaling operations with new products and customers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $7.50 $5.57

Revenue mln mln (11

Analysts

)

Q2 EPS -$0.22

Q2 Net -$43.30

Income mln

Q2 Beat -$21.40 -$25.50

Adjusted mln mln (8

EBITDA Analysts

)

Q2 Gross $800,000

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)