Enovix Corporation (ENVX) Earnings Call Transcripts

Enovix Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Enovix Corporation reported revenue of $7.6 million, exceeding the high end of guidance and reflecting a 49% year-over-year increase. The company continues to advance its silicon-anode battery technology, with significant developments in smart eyewear and drone applications. Management provided guidance for Q2 2026, expecting revenue between $8 million and $9 million, indicating ongoing growth in defense and industrial shipments, as well as initial smart eyewear revenue.

Reported metrics

Guidance from management

Management expects Q2 2026 revenue in the range of $8 million to $9 million, with a non-GAAP loss from operations projected between $29 million and $32 million. This guidance reflects ongoing growth in defense and industrial shipments and initial smart eyewear revenue.

What management said

Yes. As I mentioned in the remarks, we have engineering samples now inside, and they look really good in terms of the 20% energy density increase that from AI1, great achievement by the R&D team, harnessing the full potential of silicon. And these will continue to get better over time. But these samples, we expect to sample this quarter to our customers and quite a few people have actually expressed interest in that ...

Yes. So, again, as I mentioned, now we have a test methodology that aligned with Honor, so we're in the middle of doing that. And the next big step is to actually put the battery inside an existing phone for which we made this custom size cell. It's hard to predict the number of units, and they'll be small because it will be initial test just to make sure that everything is smooth and limited launch maybe. But the re...

What analysts pressed on

Analysts expressed concerns regarding the timeline for smartphone qualification and the potential impact of memory cost inflation on lower-end phone volumes. There were also questions about the capacity to meet the growing demand in the drone market and the challenges associated with the new mechanical dicing technology.

Main topics on the call

• Commercialization Progress — Enovix has commenced commercial production of its A1 battery for smart eyewear, with initial shipments underway and production expected to ramp in the second half of the year. Management stated, "This validates our abili...
• Smartphone Qualification Framework — The company has aligned with Honor on a new qualification framework for silicon-anode batteries, removing the previous 0.7C discharge requirement. Raj Talluri noted, "The 0.2C test is more than halfway done at our custom...
• Drone Market Opportunities — Enovix reported securing new customer design wins in the drone, defense, and industrial markets, with a global pipeline exceeding $130 million. The majority of this pipeline is driven by rapidly expanding drone applicati...
• Manufacturing Execution Improvements — The company has improved manufacturing yields in most production zones to nearly 90%. Raj Talluri mentioned, "Zone 1 dicing...is delivering step level yields of approximately 80%, demonstrating continued progress with ou...

Read the full Enovix Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 34 Enovix Corporation earnings call transcripts on record, spanning March 3, 2022 to May 13, 2026. Based on this history, Enovix Corporation reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ENVX

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Electrical Equipment

Calls on record

34

First call

March 3, 2022

Most recent

May 13, 2026

Reporting cadence

quarterly