Enovix Announces Q3 EPS of 14 Cents, Below Consensus Estimate of 16 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
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Q3 Financial Performance: Enovix reported Q3 revenue of $8.0 million, exceeding the consensus estimate of $7.93 million, and ended the quarter with $648 million in cash and marketable securities.
Advancements in Technology: The company highlighted significant progress with its lead smartphone customer, moving towards the commercial launch of its AI-1 battery, which has been validated as having the highest energy density for smartphone batteries.
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Analyst Views on ENVX
Wall Street analysts forecast ENVX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENVX is 19.00 USD with a low forecast of 10.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 7.200
Low
10.00
Averages
19.00
High
25.00
Current: 7.200
Low
10.00
Averages
19.00
High
25.00
About ENVX
Enovix Corporation is a global high-performance battery company. The Company designs, develops, manufactures, and commercializes lithium-ion (Li-ion) battery cells that increase the amount of energy density and storage capacity relative to conventional battery cells. In addition to designing its batteries, it also develops the advanced manufacturing processes needed to produce its batteries in high volume. It targets a smaller group of large customers that require custom cells. Its technology roadmap is built around a structured progression of battery nodes, with each new generation, such as the EX-1M, EX-2M, EX-3M and so on. The Company, through Routejade, Inc. (Routejade), supplies batteries for wearables, medical devices, headsets, activity trackers, and industrial equipment. Routejade offers product categories, including PD series, FLPB and ASDB series, and SLPB series. The PD series consists of rechargeable coin cells commonly used in healthcare and IoT applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Enovix (ENVX) COO Retirement as Company Prepares for Mass Production
- Executive Change: Enovix announces the retirement of its COO, planning to expand SVP Kihong Park's responsibilities to support the upcoming mass production, indicating a strategic shift in production management.
- Production Expansion: The company is adding seasoned manufacturing leaders to ensure a disciplined production ramp, aiming to enhance efficiency and meet market demand, despite a 4.9% drop in premarket shares.
- Financial Targets: Enovix outlines a Q4 revenue target of $9.5 million to $10.5 million, indicating a focus on financial performance and profitability while scaling its AI-1 battery platform.
- Market Reaction: Although the company has positive plans for production and financial targets, the stock price decline reflects market caution regarding its future outlook, potentially impacting investor confidence.
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