Short answer
Enovix Corp (ENVX) filed its Q3 2026 10-Q quarterly report on Aug 12, 2026 for the quarter ended Jul 5, 2026. Quarterly revenue was $9M (up 20.8% year over year) with net income of −$43M.
Q3 2026 key financials · XBRL
- Revenue
- $9M
- +20.8% YoY · +18.7% QoQ
- Net income
- −$43M
- +3.3% YoY · −12.6% QoQ
- Operating margin
- -479.8%
- Gross margin
- 14.4%
- EPS (diluted)
- −$0.19
- +9.5% YoY · −5.6% QoQ
Source: XBRL data from the Enovix Corp (ENVX) Q3 2026 10-Q on SEC EDGAR. USD.
Enovix Corp Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $9.0M, up 21% YoY from $7.5M, driven principally by higher defense sales
- Gross margin 14.4% vs 26.0% YoY, with gross profit $1.3M versus $1.9M
- Defense and industrial demand strongest, pipeline $183M, up 41% from $130M
- Cash, equivalents, restricted cash and investments $552.1M; operating cash use $54.9M year-to-date
- Fab2 costs expected to increase; cash sufficient for funding requirements over next twelve months
Risk Factors
- New compliance risk triggered by U.S. tariff actions and China export controls affecting imported battery materials and equipment
- Manufacturing concentration risk from Fab2 lease renewal only through July 31, 2027
- Most material operational update: YBS dependence includes a minimum monthly purchase commitment under the amended agreement
- Near-term performance risk from Gen2 throughput and yield improvements remaining a multi-quarter effort
- Financial liquidity risk from insufficient operating funds potentially requiring additional capital and ongoing debt-service obligations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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