Enovix Corporation (6Q81)
XSTU 
Summary
6Q81 Chart
Enovix Corporation (ENVX) Fireside Chat: CEO Reflections and Learnings at Emerging Battery Company Transcript
Enovix Corporation (ENVX) Fireside Chat: CEO Reflections and Learnings at Emerging Battery Company Transcript
Enovix: Commercial Ramps Progress, Despite Operational Hiccups
I rate Enovix a buy, as management remains squarely focused on commercializing its innovative 100% active silicon AI-1 battery despite recent delays. ENVX revealed Honor as its lead smartphone OEM partner, highlighting strong commitment from the OEM's side, large market share opportunity due to significant Chinese market share, and premium product offering. Q3 saw setbacks in battery cycle life testing, but chemistry issues have been resolved; successful commercialization is now targeted for Q2 2026.
Enovix Corporation (ENVX) Reports Q3 Loss, Lags Revenue Estimates
Enovix Corporation (ENVX) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to a loss of $0.17 per share a year ago.
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Enovix Corporation Profile
| Electrical Equipment Industry | Industrials Sector | Raj Talluri CEO | XSTU Exchange | US2935941078 ISIN |
| US Country | 570 Employees | - Last Dividend | - Last Split | 15 Jul 2021 IPO Date |
Overview
Enovix Corporation is at the forefront of lithium-ion battery technology, crafting innovative solutions since 2007. Based in Fremont, California, the company has dedicated itself to the design, development, and manufacture of high-performance lithium-ion batteries. Catering to a wide array of industries, Enovix serves crucial sectors such as wearables and IoT, smartphones, laptops and tablets, as well as industrial, medical, and electric vehicle markets. By focusing on advanced energy storage solutions, Enovix strives to meet the growing demands for efficient, reliable power across various applications.
Products and Services
Enovix Corporation specializes in a broad range of products and services tailored to meet the needs of several key industries:
- Wearables and IoT: Enovix provides cutting-edge lithium-ion batteries designed to power a wide spectrum of wearable devices and IoT applications. These batteries are tailored for compactness, longevity, and reliability, ensuring that devices remain powered longer with minimal size and weight impact.
- Smartphone, Laptops, and Tablets: Catering to the mobile and computing industry, Enovix delivers high-capacity, fast-charging lithium-ion batteries. These batteries are engineered to meet the rigorous demands of modern smartphones, laptops, and tablets, offering extended battery life and enhanced performance without compromising on device design and portability.
- Industrial and Medical: For the industrial and medical sectors, Enovix provides bespoke battery solutions that emphasize safety, durability, and performance. These batteries are designed to operate in challenging conditions, providing reliable power to critical equipment in healthcare and industrial environments.
- Electric Vehicles (EVs): Enovix addresses the burgeoning electric vehicle market with high-density, eco-friendly lithium-ion batteries. These batteries are pivotal for EVs, offering longer range, reduced charging time, and increased overall efficiency, supporting the shift towards cleaner, sustainable modes of transportation.
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