Enovix Q1 revenue $7.6M (+49% YoY); starts smart eyewear battery production; advances smartphone qualification

Enovix Corp

Revenue $7.6M, up 49% YoY, above guidance high end; GAAP net loss $0.18/sh, non-GAAP loss $0.14/sh.
Began commercial production of silicon-anode smart eyewear battery; expects to ship ~50,000 units in 2026.
Smartphone qualification: 72 of 75 battery specs passed; new silicon-specific framework adopted with lead customer.
Launched MX-1 drone cell with 360 Wh/kg; Korea product pipeline exceeds $130M, driven by drone demand.
Cash $582.7M; Q2 guidance revenue $8-9M, non-GAAP EPS loss $(0.13-0.17).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.