secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001828318-26-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enovix Q4 revenue $11.3M, FY revenue $31.8M (+38% YoY); board authorizes $75M buyback
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- Q4 2025 revenue $11.3M (record, up 16% YoY from $9.7M); FY2025 revenue $31.8M (up 38% from $23.1M).
- GAAP net loss per share ($0.16) in Q4, ($0.75) for FY; non-GAAP loss per share ($0.14) and ($0.54).
- Non-GAAP gross margin improved to 23% in FY2025 from 0.9% in FY2024; cash & marketable securities $621M.
- Smartphone qualification progressing; cycle-life high-power testing is key gating item for commercialization.
- Board authorized additional $75M share repurchase; Q1 2026 revenue guidance $6.5-7.5M, non-GAAP loss from ops ($29-32M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831826000005/0001828318-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831826000005/envx-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001828318-26-000005

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