Overview
Battery maker's Q4 revenue beat analyst expectations
Company improved production readiness for commercialization programs during 2025
Outlook
Enovix expects Q1 2026 revenue between $6.5 mln and $7.5 mln
Company anticipates Q1 2026 non-GAAP loss from operations of $29 mln to $32 mln
Enovix is preparing Fab2 in Malaysia for higher-volume production
Result Drivers
SMARTPHONE QUALIFICATION - Enovix focused on completing smartphone qualification, with samples meeting energy density and safety requirements
SMART EYEWEAR OPPORTUNITY - Enovix's AI-1 platform meets key requirements for smart eyewear, presenting early commercialization potential
Company press release: ID:nGNX3VhQmK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $11.30 mln | $10.27 mln (9 Analysts) |
Q4 Gross Profit | $2.50 mln |
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 is $19.00, about 211% above its February 24 closing price of $6.11
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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