Enovix rises on higher Q3 prelim revenue

Enovix

12/10/2026 13:23

** Shares of battery maker Enovix Corp ENVX.O rise 5.4% to $2.6 premarket
** Posts Q3 preliminary revenue of $11 mln, up 38% from $8 mln a year earlier
** Co cites strong drone and defense demand, driven by non-Chinese battery sourcing needs, boosted revenue and supported defense capacity expansion at its acquired Korean plant
** ENVX expects its drone, defense and industrial pipeline to keep growing through 2027
** 8 of 12 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; median PT is $10 - data compiled by LSEG
** Stock down 66.4% YTD, as of last close

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))