Enovix Q3’26 operating loss widens to $39.3 million; revenue rises 38% year/year to $11 million

Bitget2026/10/12 11:31

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Enovix posted preliminary Q3’26 revenue of USD 11 million, up 38% year/year and above its USD 9-10 million outlook.
GAAP loss from operations widened to about USD 39.3 million, while GAAP net loss per share widened to about USD 0.19.
Cash and cash equivalents totaled about USD 512 million, and capital expenditures were about USD 3 million.
Drone and defense customers generated about 70% of revenue; the drone, defense and industrial pipeline rose 18% to about USD 216 million.
Enovix said it is investing USD 19 million to double capacity at its Korean plant; Steve Bakos was named chief revenue officer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enovix Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610120730PRIMZONEFULLFEED9843631) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Enovix Q3’26 operating loss widens to $39.3 million; revenue rises 38% year/year to $11 million

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