NASDAQ$ENVX
Enovix Corporation · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Enovix reported record Q4 2025 revenue of $11.3 million, up from $9.7 million a year ago, with a GAAP gross margin of 22.1% and net loss per share of $0.16.
Enovix posted record Q4 2025 revenue of $11.3 million (+17% YoY) and full-year revenue of $31.8 million (+38% YoY), driven by defense and industrial shipments. GAAP gross profit was $2.5 million in the quarter (22.1% margin) and $6.1 million for the year. The company ended 2025 with ~$621 million in cash and marketable securities while prioritizing smartphone qualification and Fab2 scale-up in Malaysia.
- Record Q4 revenue $11.3M; full-year revenue $31.8M (+38% YoY).
- Lead smartphone customer evaluation met energy density, fast-charge, and safety targets; cycle-life testing is the key gating item.
- Fab2 yield and throughput improving; laser dicing remains the primary throughput bottleneck.
- Smart eyewear samples meeting requirements; initial production demand from lead customer emerging.
Headline financials
Revenue & EPS history
Enovix · Revenue · Quarterly
$11.3M
Forward guidance
Q1 2026 guidance calls for revenue of $6.5–7.5 million and non-GAAP loss from operations of $29.0–32.0 million as the company advances qualification and commercialization paths.
Tailwinds
- ~$621M liquidity supports qualification and Malaysia Fab2 ramp.
- Chairman cited 70 of 75 smartphone qualification specs passed with multiple paths for remainder.
- Third-party benchmark showed 935 Wh/L energy density, ~12% above best competitor.
Headwinds
- Q4 operating loss from operations ~$44M; continued heavy R&D and manufacturing spend.
- Q1 2026 revenue guided below Q4 2025 on seasonality and program timing.
- Commercial smartphone revenue still dependent on passing cycle-life qualification.
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 Q4 2025
+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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