Enovix Q4 Revenue Climbs 16.5% to $11.3M, Margin Hits 23%
Enovix reported Q4 revenue of $11.3M, up 16.5% from $9.7M, and FY2025 revenue of $31.8M, a 38% rise, with non-GAAP gross margin up to 23%. AI-1 smartphone battery samples met energy density, fast-charge, safety and cycle-life targets, and smart eyewear series progressed toward production readiness.
1. Battery Qualification Progress
During Q4, customer evaluation samples for AI-1 smartphone batteries met energy density, fast-charge, safety and cycle-life targets under updated protocols. Smart eyewear applications also advanced, with initial production demand and certified AI-1 batteries qualifying for compact devices requiring high volumetric energy density.
2. Manufacturing Readiness and Scaling
Enovix unified global manufacturing under new leadership, improved yield and throughput at Fab2 in Malaysia, and addressed key laser dicing constraints. China Compulsory Certification and Underwriters Laboratories approvals were secured, positioning operations for high-volume production in 2026.
3. Q4 and Full Year Financial Performance
Record Q4 revenue reached $11.3M, up 16.5% year-over-year, while FY2025 revenue hit $31.8M, up 38%. Non-GAAP gross margin improved to 23%, with cash, cash equivalents and marketable securities totaling $621M to support commercialization scale-up and ongoing R&D.