Enovix CEO Raj Talluri resigns; CFO Ryan Benton named interim CEO, T.J. Rodgers executive chairman

Enovix Corp

Raj Talluri resigned as CEO and director effective Aug 13, 2026 to pursue another opportunity; not due to disagreement.
Board appointed T.J. Rodgers (largest shareholder, former non-exec chairman) as Executive Chairman, and CFO Ryan Benton as interim CEO.
Company reaffirms Q3 2026 financial guidance provided Aug 12, 2026; defense/drone revenue was 65% of Q2'26 revenue.
Q2'26 demonstrated 1,000-cycle life on AI-class smartphone batteries with 100% silicon anodes.

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