Enovix Corporation — Q3 2026 Earnings Summary

Enovix Corporation reported Q3 2026 revenue of $11.0 million, representing a 38% year-over-year increase driven by strong demand in the drone and defense sectors. The company achieved a record non-GAAP gross margin of 34.5% and announced a new fiscal year 2027 revenue guidance range of $65 million to $85 million. Strategic initiatives included retiring $128 million of 2030 Notes at a 36% discount, executing a restructuring to reduce annual costs by $8.5 million, and expanding battery production capacity in South Korea. Additionally, Enovix declared a warrant dividend to retire its 2028 Notes and shifted its silicon-anode development focus toward smart eyewear applications following qualification challenges in the smartphone market.