Enovix Q2 rev $7.5M (+98% YoY), beats guidance; GAAP gross profit positive 3rd straight quarter

Enovix Corp

2025-Q2 EPS reported -$0.33 vs consensus -$0.17 ▼ miss (-92.9%)

Revenue $7.5M, up 98% YoY, exceeded guidance of $4.5M-$6.5M.
GAAP gross profit $0.8M; third consecutive quarter of positive GAAP and non-GAAP gross profit.
Non-GAAP operating loss $27.8M beat guid range $31M-$37M; GAAP op loss $43.8M.
Adjusted EBITDA loss $21.4M, ahead of guidance ($23M-$29M) and improved from $26.4M YoY.
Cash $203M after SolarEdge asset acquisition; GAAP net loss per share $0.22, non-GAAP $0.15.

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