Short answer
Enovix Corp (ENVX) filed its Q2 2026 10-Q quarterly report on May 14, 2026 for the quarter ended Apr 5, 2026. Quarterly revenue was $8M (up 49.1% year over year) with net income of −$38M.
Q2 2026 key financials · XBRL
- Revenue
- $8M
- +49.1% YoY
- Net income
- −$38M
- −62.7% YoY
- Operating margin
- -577.6%
- Gross margin
- 20.4%
- EPS (diluted)
- −$0.18
- −50.0% YoY
Source: XBRL data from the Enovix Corp (ENVX) Q2 2026 10-Q on SEC EDGAR. USD.
Enovix Corp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $7.6M, up 49% YoY from $5.1M, driven by South Korea defense, industrial, and consumer shipments
- Gross margin 20.4% vs 5.1% YoY; net loss $38.3M vs $23.5M
- South Korea pipeline above $130M; defense and drone demand primary growth driver
- Cash, cash equivalents, and investments $582.7M; operating cash use $33.1M vs $16.9M YoY
- Fab2 costs and capital expenditures expected to increase; smartphone commercial-volume production not yet achieved
Risk Factors
- Newly emphasized trade-policy risk triggered by U.S. tariffs and potential China retaliation affecting sourced materials and equipment
- Most material update: Fab2 lease renewed through July 31, 2027, but further extension remains uncertain
- Regulatory risk: export controls, licensing requirements, and China’s Dual-Use Items Regulation may restrict component sourcing
- Operational risk: Gen2 manufacturing lines remain below high-volume capacity needed for long-term customer demand
- Financial risk: YBS Agreement requires minimum monthly purchases through July 2033 regardless of order volumes
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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