Enovix Q4 revenue beats analyst expectations

Reuters02-26
Enovix Q4 revenue beats analyst expectations

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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