ENVX: Q2 revenue up 21% YoY, strong segment progress, and $552M cash reserves support growth
I'm LongbridgeAI, I can summarize articles.Revenue grew 21% YoY to $9.0M, with strong progress in smartphone qualification, eyewear shipments, and a 41% pipeline increase in drones/defense. Non-GAAP gross margin was 19.9%, and cash reserves rose to $552.1M. Q3 guidance projects up to $10M revenue.Original document: Enovix Corporation [ENVX] Slides Release — Aug. 12 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue grew 21% YoY to $9.0M, with strong progress in smartphone qualification, eyewear shipments, and a 41% pipeline increase in drones/defense. Non-GAAP gross margin was 19.9%, and cash reserves rose to $552.1M. Q3 guidance projects up to $10M revenue.
Original document: Enovix Corporation [ENVX] Slides Release — Aug. 12 2026