Enovix Q2 revenue $9.0M up 21% YoY at high end; smartphone qualification test underway

Enovix Corp

Q2 revenue $9.0M (+21% YoY, +19% QoQ) at high end; H1 $16.6M (+32%). Q3 guidance $9-10M.
GAAP EPS -$0.20, non-GAAP -$0.13; GAAP gross margin 14.4%, non-GAAP 19.9%, down on mix shift.
Lead smartphone customer confirms >1,000 cycles; final accelerated cycle-life test to complete Q4 2026.
Smart eyewear: shipped ~2,100 AI-1 batteries, initial revenue; Q3 shipments ~19,000 packs (9x QoQ) under 50,000-pack order.
Drone/defense/industrial pipeline $183M (+41% QoQ); COO Michael Vyvoda appointed; cash $552.1M.

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