Enovix Q2 revenue beats on defense and drone business strength
ENVX•Q3 outlook
Enovix sees third-quarter 2026 revenue of $9.0 million to $10.0 million.
The company expects third-quarter 2026 non-GAAP net loss per share of $0.13 to $0.17 and capital expenditures of $8 million to $12 million.
Q2 revenue beats estimates
Enovix, the U.S. lithium-ion battery maker, said second-quarter revenue grew 21% year over year, beating analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $9 mln | $8.43 mln (11 Analysts) |
Defense, drone and smart eyewear demand drove growth
The company said revenue growth was driven primarily by continued strength in its defense and drone business through South Korea operations.
Initial commercial shipments and revenue recognized in the smart eyewear segment also contributed to growth.
Gross margin declined year over year due to a shift in the mix of battery products sold through South Korea operations.
