NASDAQ$ENVX
Enovix Corporation · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
Enovix announced first quarter 2025 financial results
Enovix reported revenue of $5.1 million in Q1 2025, exceeding the midpoint of guidance. The company achieved positive gross margin for the second consecutive quarter and ended the quarter with $248.2 million in cash and cash equivalents. Key progress was made towards mass production readiness at Fab2 in Malaysia and customer qualification activities for smartphone batteries.
- First quarter 2025 revenue was $5.1 million, exceeding the midpoint of guidance.
- Achieved positive GAAP gross margin of $261 thousand for the second consecutive quarter.
- Ended Q1 2025 with $248.2 million in cash, cash equivalents, and marketable securities.
- Made significant progress towards mass production readiness at Fab2 in Malaysia and advanced customer qualification for smartphone batteries.
Headline financials
Revenue & EPS history
Enovix · Revenue · Quarterly
$5.1M
Forward guidance
For the second quarter of 2025, Enovix expects revenue between $4.5 million and $6.5 million, a non-GAAP operating loss between $31 million and $37 million, an adjusted EBITDA loss between $23 million and $29 million, and a non-GAAP net loss per share between $0.15 and $0.21.
Tailwinds
- Revenue expected to be between $4.5 million and $6.5 million in Q2 2025.
- Continued progress towards mass production and commercialization milestones.
- Positioned to drive volume production and build foundation for expanded scale in 2026.
- Focus remains on disciplined execution.
- Capitalizing on significant growth opportunities ahead.
Headwinds
- Non-GAAP operating loss expected between $31 million and $37 million in Q2 2025.
- Adjusted EBITDA loss expected between $23 million and $29 million in Q2 2025.
- Non-GAAP net loss per share expected between $0.15 and $0.21 in Q2 2025.
- Sequential decline in revenue expected in Q2 2025 due to seasonal buying cycle of South Korean defense customers.
- Operating expenses are increasing reflecting preparation for mass production, higher R&D depreciation, and increased SG&A expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+1.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.9%
Avg return
30 days after
52%
11 / 21 earnings
Positive
+51.3%
Q1 2024
Best reaction
-44.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.4% | -14.9% | — | |
| Q4 2025 | -3.3% | -17.6% | -15.0% | |
| Q3 2025 | +0.7% | +4.5% | -33.3% | |
| Q1 2025 | -8.4% | -9.1% | +13.7% | |
| Q4 2024 | +2.6% | -15.6% | -24.5% | |
| Q3 2024 | -8.2% | -20.8% | -19.1% | |
| Q2 2024 | -17.4% | -19.2% | -32.5% | |
| Q1 2024 | +51.3% | +56.2% | +69.6% | |
| Q4 2023 | -12.3% | -22.0% | -29.1% | |
| Q3 2023 | +15.3% | +2.5% | +10.7% | |
| Q2 2023 | -2.0% | +13.1% | -26.8% | |
| Q1 2023 | -16.8% | -13.7% | -4.3% | |
| Q4 2022 | +16.3% | +7.7% | +41.0% | |
| Q3 2022 | -44.2% | -43.1% | -34.9% | |
| Q2 2022 | +46.6% | +72.3% | +46.1% | |
| Q1 2022 | +3.3% | +3.1% | +46.2% | |
| Q3 2020 | +4.6% | +6.0% | -21.5% | |
| Q3 2021 | +0.5% | +14.3% | +12.3% | |
| Q4 2020 | -5.8% | -4.1% | +11.0% | |
| Q2 2021 | -4.8% | -3.8% | +7.9% | |
| Q1 2021 | +12.1% | +23.8% | +60.7% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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