NASDAQ$ENVX
Enovix Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Enovix announced manufacturing agreement with YBS International Berhad for Fab2 in Malaysia.
Enovix signed a Master Service Agreement with YBS International Berhad, securing $70 million in non-dilutive funding for its Fab2 site in Penang, Malaysia, and its first Gen2 high-volume manufacturing line.
- Enovix has entered into a Master Service Agreement with YBS International Berhad.
- The agreement secures $70 million of non-dilutive funding for Enovix’s Fab2 site in Penang, Malaysia.
- Enovix Malaysia’s Fab2 site is located in Penang Science Park.
- First samples from the Gen2 Autoline 1 are expected in April 2024.
Headline financials
Revenue & EPS history
Enovix · Revenue · Quarterly
$42K
Forward guidance
Enovix is focused on scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand.
Tailwinds
- The agreement opens up tremendous opportunities for growth and success globally.
- Enovix is on track to produce first samples from the Gen2 Autoline 1 in April 2024.
- Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand.
- Enovix Malaysia team is already making tremendous progress.
- YBS will provide the building and capital for equipment and labor for Fab2 and the Gen2 Autoline 1.
Headwinds
- The company’s ability to effectively manufacture products in Malaysia is subject to risks and uncertainties.
- The success of its partnership with YBS is subject to risks and uncertainties.
- Access to Malaysia’s deep pool of technical talent is subject to risks and uncertainties.
- Malaysia’s business-friendly environment is subject to risks and uncertainties.
- Support of the company’s growth and scale up is subject to risks and uncertainties.
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 Q2 2023
+1.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.5%
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% | -4.6% | |
| 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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