Enovix Corp (ENVX) Form 8-K — Oct 13, 2026
Enovix reported preliminary Q3'26 revenue of $11.0 million, up 38% year-over-year and above its $9-10 million guidance, marking its sixth consecutive quarter of YoY growth. Drone and defense customers drove roughly 70% of quarterly revenue, and the drone/defense/industrial pipeline grew 18% to $216 million. The company is investing $19 million to double capacity at its acquired Korean plant, which it positions as a strategic asset given NDAA, TAA and FEOC sourcing rules pushing defense programs away from Chinese batteries. Q4'26 orders in the first part of the quarter already exceeded Q3 total revenue.
Key figures
- Revenue
- 11000000
- Revenue Yoy
- 38%
- Cash Position
- 512000000
- Capex q3
- ~$3.0 million
- Rd headcount
- 147
- Drone pipeline
- $150 million, up 48% QoQ
- Pipeline value
- $216 million drone, defense and industrial pipeline, up 18%
- Q3 guidance revenue
- $9.0-$10.0 million
- Stock repurchases q3
- $6.2 million
- Defense revenue share
- ~70% of Q3'26 revenue
- Korean plant investment
- $19 million to double capacity
- Consecutive growth quarters
- 6
- Non gaap loss from operations
- ~($29.2) million
- Production samples shipped ytd
- ~17,000 to one of 24 smart eyewear customers
AI analysis
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