Enovix posted Q2 2026 revenue of USD 9 million, up 21% year over year and 19% sequentially, at the high end of guidance.
GAAP net loss per share narrowed to USD 0.20 from USD 0.22 a year earlier.
GAAP gross margin fell 11.6 percentage points to 14.4% on a shift in battery product mix.
Smart eyewear ramp began generating revenue; 2,100 AI-1 batteries shipped, with Q3 deliveries set for about 19,000 packs.
Lead smartphone customer confirmed batteries passed more than 1,000 cycles; final accelerated cycle-life test is underway, with completion expected in 2026.
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