NASDAQ$ENVX

Enovix Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Enovix Corporation reported revenue of $7.5 million and a net loss of $44.3 million for the second quarter ended June 29, 2025.

Revenue nearly doubled year-over-year to $7.5 million, primarily driven by defense product demand in South Korea. The company achieved positive gross profit of $1.9 million and significantly reduced operating expenses and net loss compared to the prior year quarter. Cash and cash equivalents totaled $136.0 million with total assets at $469.1 million.

  • Revenue increased 98% year-over-year to $7.5 million, led by defense contractor sales.
  • Gross profit turned positive at $1.9 million versus a loss in Q2 2024.
  • Net loss narrowed to $44.3 million from $115.9 million in the prior year quarter.
  • Cash position remained strong at $136.0 million despite ongoing investments in manufacturing.

Headline financials

Total Revenue

$7.47M

Previous: $3.77M+98.2%
EPS (adj)

-$0.22

Previous: -$0.67+67.2%
Capital Expenditures

-$14.2M

Previous: -$40.3M+64.7%
Net Income

-$44.5M

Previous: -$116M+61.6%
Operating Income

-$43.7M

Previous: -$88.8M+50.7%
Gross Profit

$1.94M

Previous: -$655K+396.5%
Cash & Equivalents

$136M

Previous: $235M-42.2%
Total Assets

$469M

Previous: $489M-4.1%

Revenue & EPS history

Enovix · Revenue · Quarterly

$7.47M

Q2 2025+98.2%vs Q2 2024
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
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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