Overview

* Enovix Q3 2025 revenue grows 85% yr/yr, slightly beating analyst expectations

* Company secured financing to support Fab2 and future growth initiatives

Outlook

* Company projects Q4 2025 revenue between $9.5 mln and $10.5 mln

* Enovix ( ENVX ) expects Q4 non-GAAP loss from operations of $30 mln to $33 mln

* Company anticipates Q4 non-GAAP net loss per share of $0.16 to $0.20

Result Drivers

* AI-1 BATTERY VALIDATION - AI-1 smartphone battery independently validated for highest energy density, advancing towards commercial launch

* FAB2 MANUFACTURING - Yield improvements and increased throughput at Fab2 in Malaysia, supporting manufacturing expansion

* SECURED FINANCING - Completed shareholder-friendly warrant dividend and issued new convertible notes due 2030 to finance Fab2 and drive path to positive cash flow

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $8 mln $7.93

Revenue Beat* mln (11

Analysts

)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for Enovix Corp ( ENVX ) is $25.00, about 55.6% above its November 4 closing price of $11.11

Press Release:

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(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.)