Enovix Q3 net loss narrows 22% to $41.95 million; revenue rises 38% to $11.04 million
ENVX•Enovix reported a third-quarter net loss of $41.95 million, down 22% year over year, as revenue rose 38% to $11.04 million. It forecast fourth-quarter revenue of $9 million to $10 million and fiscal 2027 revenue of $65 million to $85 million.
1. Quarterly results
Enovix’s Q3'26 non-GAAP net loss widened 9% year over year to $31.87 million. Non-GAAP gross margin rose 13.5 percentage points to 34.5%, while revenue increased 38% to $11.04 million.
2. Orders and outlook
Confirmed orders for 2027 delivery exceeded $37 million. Korean drone battery capacity is expected to double in Q2'27. Enovix forecast Q4'26 revenue of $9 million to $10 million and FY27 revenue of $65 million to $85 million.
