Enovix posted Q4 FY2025 revenue of USD 11.3 million, while FY2025 revenue reached a record USD 31.8 million, up 38% year over year, driven mainly by defense and industrial shipments. Q4 GAAP gross profit was USD 2.5 million (GAAP gross margin 22.1%), and FY2025 GAAP gross profit was USD 6.1 million (GAAP gross margin 19.2%); FY2025 non-GAAP gross margin was 23%. Q4 GAAP net loss per share was USD 0.16 and FY2025 GAAP net loss per share was USD 0.75, with cash, cash equivalents and marketable securities of about USD 621 million at year-end. For Q4, Enovix said lead smartphone customer qualification is progressing, with evaluation samples meeting energy density, fast-charge and safety requirements, while high-power cycle-life testing remains the key gating requirement. The company highlighted smart eyewear as a potential earlier commercialization opportunity, said it has begun receiving initial production demand from its lead customer, and reported progress ramping Fab2 in Malaysia, where Zone 1 laser dicing is currently the primary throughput constraint. Enovix also said it secured CCC and UL certifications for AI-1 smart eyewear batteries and authorized an additional USD 75 million share repurchase program. For Q1 2026, Enovix guided revenue of USD 6.5 million to USD 7.5 million and capital expenditures of USD 9.0 million to USD 11.0 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enovix Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001828318-26-000005), on February 25, 2026, and is solely responsible for the information contained therein.