Quarterly ResultAug 12, 2026, 04:32 PM
Enovix Q2 Revenue $9.02M; Net Loss $(43.08)M
AI Summary
Enovix Corp reported its second fiscal quarter results, with revenue increasing to $9.02 million from $7.47 million year-over-year. The company's net loss for the quarter was $(43.08) million, a slight improvement from the prior year's $(44.27) million. However, cash and cash equivalents significantly decreased to $33.74 million from $106.01 million, and the accumulated deficit grew to $1.06 billion. The company expects to incur operating losses for the foreseeable future but anticipates sufficient cash for the next twelve months.
Key Highlights
- Q2 Revenue increased to $9.02 million from $7.47 million year-over-year.
- Q2 Net Loss was $(43.08) million, a slight improvement from $(44.27) million YoY.
- Cash and cash equivalents decreased to $33.74 million from $106.01 million.
- Accumulated deficit reached $1.06 billion as of July 5, 2026.
- South Korea accounted for 69% of year-to-date revenue.
- Customer A represented 63% of year-to-date revenue.
- Malaysia lease modification resulted in a $1.0 million foreign exchange gain.
Price Impact
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