secwatch.observer — SEC 8-K summary
======================================

Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2026-08-12T20:12:13+00:00
Accession:  0001828318-26-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831826000055/0001828318-26-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831826000055/envx-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001828318-26-000055

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