---
title: "Enovix Stock Drops Desite Beating Q1 Estimates: Details"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286318411.md"
description: "Enovix Corp. (NASDAQ:ENVX) shares fell 11.39% to $6.46 after reporting Q1 earnings that included a loss of 14 cents per share, beating estimates of 16 cents. Revenue reached $7.6 million, surpassing the $6.95 million forecast. The company anticipates Q2 adjusted losses of 17 to 13 cents per share and revenue between $8 million and $9 million, below the $8.58 million estimate. CEO Dr. Raj Talluri emphasized a focus on smartphone qualifications and commercial production."
datetime: "2026-05-13T21:03:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286318411.md)
  - [en](https://longbridge.com/en/news/286318411.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286318411.md)
---

# Enovix Stock Drops Desite Beating Q1 Estimates: Details

**Enovix Corp.** (NASDAQ:ENVX) shares dropped after the company posted its first-quarter results after Wednesday’s closing bell and weak forward guidance.

Here's a look at the details inside the report. 

-   **ENVX stock is moving.** Watch the price action here.

## **ENVX Q1 Details**       

Enovix reported quarterly losses of 14 cents per share, which beat the analyst consensus estimate for losses of 16 cents, according to Benzinga Pro data. 

Quarterly revenue came in at $7.6 million, which beat the Street estimate of $6.95 million by 9.34%. The company said the increase in revenue primarily reflects continued strength in defense and industrial shipments.

“Smartphones remain our priority as we advance toward completing qualification with our lead customer and prepare for commercial production for the most demanding market in consumer electronics,” said **Dr. Raj Talluri**, CEO of Enovix.

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## **Looking Ahead**

Enovix expects second-quarter adjusted losses per share of 17 cents to 13 cents, versus the loss of 15 cents estimate, and revenue in a range of $8 million to $9 million, versus the $8.58 million analyst estimate.

**ENVX Stock Price:** According to data from Benzinga Pro, Enovix stock was down 11.39% to $6.46 in Wednesday's extended trading.  

_Photo: Shutterstock_

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