Enovix Q3 Revenue Beats Guidance, Defense Pipeline Surges to $216M
ENVX is trading near its 52-week low of $2.4 (7.1% above the low).
Summary
Enovix reported preliminary Q3'26 revenue of $11.0M, up 38% year-over-year and above its $9-10M guidance. The beat was driven by drone and defense demand, which accounted for about 70% of revenue. The total drone, defense and industrial pipeline grew 18% to $216M, with the drone pipeline alone up 48% to $150M. Management said Q4'26 orders have already exceeded Q3'26 total revenue. The company also announced a leadership realignment, naming Steve Bakos as its first Chief Revenue Officer and adding supply chain and strategy executives. Cash stands at about $512M. Full Q3 results are due November 12. The 8-K attaches the press release with preliminary Q3'26 results: revenue $11.0M, GAAP loss from operations $39.3M, non-GAAP loss $29.2M, net loss per share $0.19 GAAP and $0.14 non-GAAP, capex $3.0M, cash $512M.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The 8-K attaches the press release with preliminary Q3'26 results: revenue $11.0M, GAAP loss from operations $39.3M, non-GAAP loss $29.2M, net loss per share $0.19 GAAP and $0.14 non-GAAP, capex $3.0M, cash $512M.
At the time of this announcement, ENVX was trading at $2.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $539.8M. The 52-week trading range was $2.40 to $14.21. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.