ENVX - Enovix Corporation
Enovix TodayENVXEnovix$2.58 +0.15 (+5.94%) As of 01:55 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$2.35▼$13.64Price Target$10.77Add to WatchlistThe autonomous aircraft sector is growing at a rapid pace, yet flight times remain constrained by the physical limits of conventional graphite lithium-ion cells.
Advanced lithium-ion battery manufacturer Enovix reported preliminary Q3 revenues slightly ahead of expectations. Drone and defense customers accounted for approximately 70% of the company's third-quarter sales. Interim management intends to focus on these verticals in the near term. No update was provided on ENVX's long-standing efforts to qualify its proprietary battery technology with leading Chinese smartphone OEMs.
Enovix Corporation (NASDAQ:ENVX) shares are trading higher Wednesday after the company announced a purchase order for 100,000 battery units from a multinational provider of dual-use drone systems.
FREMONT, Calif., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix" or the "Company," Nasdaq: ENVX), a developer and manufacturer of advanced lithium-ion batteries, today announced a purchase order from a multinational provider of dual-use drone systems. The initial order is for 100,000 battery units, with deliveries scheduled in the first half of 2027 as the customer scales its use of Enovix cells manufactured at the Company's TAA-compliant, military-qualified facility in South Korea. Following successful initial deployment, the customer is expected to place follow-on orders for the program in the second half of 2027 and beyond.
Enovix Corporation (NASDAQ:ENVX) stock is trading higher by more than 2% on Monday as the manufacturer of advanced lithium-ion batteries reported strong preliminary third-quarter 2026 results.
Enovix Corporation (NASDAQ: ENVX - Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $2.46, but opened at $2.81. Enovix shares last traded at $2.5640, with a volume of 3,463,392 shares changing hands. Analysts Set New Price Targets ENVX has been the topic of several recent analyst reports.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.4% on Monday.
Enovix (NASDAQ: ENVX - Get Free Report) and Powell Industries (NASDAQ: POWL - Get Free Report) are both industrials companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk. Earnings and Valuation This table compares Enovix and Powell
FREMONT, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode architectures, highlighted that its drone and defense battery portfolio manufactured in South Korea is compliant with the Trade Agreements Act (TAA), expanding the company's ability to serve U.S. government defense programs.
BlackRock Inc. bought a new stake in shares of Enovix Corporation (NASDAQ: ENVX) during the undefined quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,483,412 shares of the company's stock, valued at approximately $100,054,000. BlackRock Inc. owned approximately 7.56% of Enovix at the end
Enovix stock plunged 18% on CEO Raj Talluri's sudden resignation, hitting an all-time low and reflecting deep investor skepticism. Short-term trading upside may exist as the market digests the real reasons for Talluri's exit, but long-term trust in ENVX remains damaged. Executive chairman T.J. Rodgers has tried to make the bull case for his company under new leadership but wound up highlighting several key concerns.
Expansion Leverages Existing Company-Owned South Korea Facility, With Added Capacity Expected in Mid-2027 Expansion Leverages Existing Company-Owned South Korea Facility, With Added Capacity Expected in Mid-2027
Enovix Corporation (ENVX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Enovix Corporation (ENVX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Enovix (NASDAQ: ENVX) said its strategy, product roadmap, customer programs and qualification schedules remain unchanged following the resignation of CEO Raj, as the company appointed Chief Financial Officer Ryan Benton as interim CEO and named Executive Chairman T.J. Rodgers to a more active operating role. Rodgers said the board accepted the resignation unanimously and has begun
Last week, Enovix reported second-quarter results slightly ahead of muted expectations. Despite persistent cash burn, the company still has several years of runway. Smartphone battery qualification with prospective lead customer Honor remains a work in progress. Yields at the company's sole volume manufacturing line in Malaysia remain insufficient for commercial production.
A CEO Transition, Not a Strategy Transition Q3'26 Guidance Reaffirmed; ~$552 Million in Cash A CEO Transition, Not a Strategy Transition Q3'26 Guidance Reaffirmed; ~$552 Million in Cash
Shares of QuantumScape (NYSE:QS | QS Price Prediction) are down 6% Tuesday afternoon to $5.73, with no company-specific catalyst driving the decline.
Enovix Corporation (ENVX) Shareholder/Analyst Call Transcript
Enovix NASDAQ: ENVX said its strategy, product roadmap, customer programs and qualification schedules remain unchanged following the resignation of CEO Raj, as the company appointed Chief Financial Officer Ryan Benton as interim CEO and named Executive Chairman T.J. Rodgers to a more active operating role.