Enovix Corp. (ENVX) Reports $11.3M Q4 Revenue and $31.8M Full-Year 2025 Revenue

Enovix Corporation (NASDAQ:ENVX) is one of the best EV stocks to buy according to analysts. On February 25, Enovix Corporation reported financial results for 2025, with annual revenue reaching $31.8 million, a 38% increase over 2024. Q4 revenue also hit a record $11.3 million, driven largely by battery shipments for defense and industrial applications, including drones and munitions.

The company’s focus remains on completing smartphone qualification with its lead customer. While evaluation samples have met energy density and safety requirements, Enovix is currently optimizing AI-1 recipes and dicing technologies at its Fab2 facility in Malaysia to reach high-volume production targets. Additionally, Enovix highlighted smart eyewear as a significant early commercial opportunity, noting that its technology already meets the technical requirements for multiple eyewear applications and has received initial production demand in this category.

For Q1 2026, Enovix Corporation (NASDAQ:ENVX) expects revenue to be between $6.5 million and $7.5 million, with a non-GAAP net loss per share ranging from $0.14 to $0.18. Capital expenditures for the upcoming quarter are projected at $9.0 million to $11.0 million.

Enovix Corporation (NASDAQ:ENVX) designs, develops, and manufactures lithium-ion battery cells in the US and internationally. It serves wearables and IoT, smartphones, computing, EVs, and OEMs.

While we acknowledge the potential of ENVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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