Enovix Corp (NASDAQ:ENVX) reported financial results for the fourth quarter after the bell on Wednesday. Here’s a look at the key details from the print.
- Enovix stock is showing upward movement. What’s pushing ENVX stock higher?
Enovix Beats Estimates On Top And Bottom Lines
Enovix beat analyst estimates on the top and bottom lines in the fourth quarter, posting revenue of $11.27 million versus estimates of $10.27 million, and an adjusted loss of 14 cents per share versus estimates for a loss of 18 cents per share.
Enovix said total 2025 revenue increased 38% year-over-year, primarily reflecting defense and industrial shipments. The company ended the quarter with approximately $621 million in cash, cash equivalents and marketable securities.
“Our top priority remains completing smartphone qualification and moving into commercial production,” said Raj Talluri, president and CEO of Enovix.
“During the fourth quarter, customer evaluation samples met energy density, fast-charge and safety requirements, and cycle-life performance improved toward customer-defined qualification targets under established protocols.”
Enovix expects first-quarter revenue to be in the range of $6.5 million to $7.5 million versus estimates of $8.34 million, according to Benzinga Pro. The company also guided for an adjusted loss of 14 cents to 18 cents per share versus estimates for a loss of 16 cents per share.
Enovix’s board authorized an additional share repurchase program of up to $75 million.
Enovix executives are currently discussing the quarter on an earnings call that started at 5 p.m. ET.
ENVX Shares Move Higher In Extended Trading
ENVX Price Action: Enovix shares were up 2.28% in after-hours, trading at $6.29 at the time of publication on Wednesday, per Benzinga Pro.
Image: Shutterstock.com
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