---
schema_version: "secwatch.filing_event.v1"
accession: "0001828318-23-000158"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:26:50.804358+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Enovix signs YBS manufacturing deal for $70M funding; Q2 rev $42K, units beat plan

## Summary
- YBS agreement: $100M equipment investment, Enovix 30%/YBS 70% funded by OCBC; 10-year term.
- Secured $70M non-dilutive funding for Fab2 in Malaysia; Gen2 Autoline samples targeted April 2024.
- Q2 revenue $42K (10,000 cells); GAAP cost of revenue $14.2M, operating expenses $37.7M.
- Fab1 produced 22,502 units (beat 18,000 plan); Q3 guidance ~36,000 units.
- CapEx forecast lowered from $120M to $70M; cash $409.2M after $150M convertible debenture offering.

## SEC filing metadata
- accession: 0001828318-23-000158
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000158/0001828318-23-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000158/envx-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828318-23-000158
- JSON: https://secwatch.observer/filing/0001828318-23-000158.json
- Plain text: https://secwatch.observer/filing/0001828318-23-000158.txt

## Key facts
- Earnings Releases
  Enovix Corp reported financial results for the second quarter of 2023.
  - Period: the second quarter of 2023
  - Result: reported results
  source text: Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, announced today financial results for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000158/0001828318-23-000158-index.htm
- Material Agreements
  Enovix Corp entered into Agreement with YBS International Berhad (including its wholly owned subsidiary, Orifast Solution Sdn Bhd) valued at $100 million (effective 2023-07-26).
  - Action: entry
  - Agreement: supply
  - Counterparty: YBS International Berhad (including its wholly owned subsidiary, Orifast Solution Sdn Bhd)
  - Value: $100 million
  - Effective: 2023-07-26
  source text: On July 26, 2023, Enovix Corporation and its subsidiary in Malaysia, Enovix Malaysia SDN. BHD. (together, “Enovix”) entered into a manufacturing agreement (the “Agreement”) with YBS International Berhad (“YBS”), a Malaysian corporation, including its wholly owned subsidiary, Orifast Solution Sdn Bhd.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000182831823000158/0001828318-23-000158-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.