Q3’26 Revenue $11.0 Million Up 38% Year/Year
Enovix reported preliminary Q3'26 revenue of $11.0 million, up 38% year-over-year and above its $9-10 million guidance, marking six straight quarters of YoY growth. Drone and defense customers drove about 70% of revenue, and the total pipeline grew 18% to $216 million, with the drone pipeline alone up 48% to $150 million; Q4 orders in early October already exceeded all of Q3 revenue. The company is investing $19 million to double capacity at its Korea plant, positioning it as a non-Chinese battery source compliant with NDAA, TAA and FEOC rules.
Key figures
- Revenue
- 11000000
- Guidance
- Prior Q3'26 revenue guidance was $9.0-10.0M; full Q3 results and call expected on or about November 12, 2026
- Revenue Yoy
- 38%
- Capex
- 3000000
- Pipeline drone
- 150000000
- Pipeline total
- 216000000
- Buyback spent q3
- 6200000
- Pipeline growth qoq
- 18%
- Cash and equivalents
- 512000000
- Defense pct of revenue
- 70%
- Korean plant investment
- 19000000
- Smart eyewear customers
- 24
- Drone pipeline growth qoq
- 48%
- Production samples shipped ytd
- 17000
AI analysis
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