Battery maker Enovix's  prelim Q2 revenue beats estimates

Enovix

07/07/2025 13:48

Overview

Enovix Q2 preliminary revenue rises to $7.5 mln, beating analyst expectations, per LSEG data

Q2 preliminary Adjusted EBITDA loss narrows to $21.4 mln, beating estimates, per LSEG data

Company completes SolarEdge asset acquisition in South Korea

Outlook

Enovix expects to scale significantly with new products and customers.

Company anticipates continued momentum in revenue and adjusted EBITDA.

Result Drivers

CUSTOMER DEMAND - Revenue nearly doubled from Q2 2024, driven by demand across multiple end markets

POSITIVE GROSS PROFIT - Achieved positive gross profit for third consecutive quarter, contrasting with losses in Q2 2024

STRATEGIC EXECUTION - CEO cites execution to plan and momentum in scaling operations with new products and customers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$7.50 mln
$5.57 mln (11 Analysts)
Q2 EPS
-$0.22
Q2 Net Income
-$43.30 mln
Q2 Adjusted EBITDA
Beat
-$21.40 mln
-$25.50 mln (8 Analysts)
Q2 Gross Profit
$800,000


Press Release: ID:nGNX8PN3GF

(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.)