secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2026-05-13T20:18:39+00:00
Accession:  0001828318-26-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831826000027/0001828318-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831826000027/envx-20260513.htm
  HTML page:      https://secwatch.observer/filing/0001828318-26-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer