Silicon battery maker Enovix's Q3 revenue slightly beats estimates

Enovix

05/11/2025 21:21

Overview

Enovix Q3 2025 revenue grows 85% yr/yr, slightly beating analyst expectations

Company secured financing to support Fab2 and future growth initiatives

Outlook

Company projects Q4 2025 revenue between $9.5 mln and $10.5 mln

Enovix expects Q4 non-GAAP loss from operations of $30 mln to $33 mln

Company anticipates Q4 non-GAAP net loss per share of $0.16 to $0.20

Result Drivers

AI-1 BATTERY VALIDATION - AI-1 smartphone battery independently validated for highest energy density, advancing towards commercial launch

FAB2 MANUFACTURING - Yield improvements and increased throughput at Fab2 in Malaysia, supporting manufacturing expansion

SECURED FINANCING - Completed shareholder-friendly warrant dividend and issued new convertible notes due 2030 to finance Fab2 and drive path to positive cash flow

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$8 mln
$7.93 mln (11 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Enovix Corp is $25.00, about 55.6% above its November 4 closing price of $11.11

Press Release: ID:nGNXGsVfh

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)