Business
Enovix Reports Fourth Quarter and Full Year 2025 Results
Lead Smartphone Customer Qualification ProgressingFREMONT, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode architectures, today reported financial results for the fourth quarter and full year ending 2025. The Company will host a live webcast today, Wednesday February 25th, at 5:00 PM ET / 2:00 PM PT to discuss the results and provide a business update. To re
About this update from Ams-osram Ag
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The Company will host a live webcast today, Wednesday February 25 th , at 5:00 PM ET / 2:00 PM PT to discuss the results and provide a business update. To register for the webcast, please visit: https://enovix-q4-2025.open-exchange.net/ .","length":545,"tagName":"p"},{"type":"text","content":" Qualification and Commercialization Progress “Our top priority remains completing smartphone qualification and moving into commercial production,” said Dr. Raj Talluri, President and CEO of Enovix. “During the fourth quarter, customer evaluation samples met energy density, fast-charge and safety requirements, and cycle-life performance improved toward customer-defined qualification targets under established protocols.”","length":422,"tagName":"p"},{"type":"text","content":"Cycle-life testing under high power conditions is the key gating requirement to launch our first smartphone battery, and we are executing multiple defined pathways with our lead customer to achieve qualification targets. These include continued optimization of AI-1 recipe variations, as well as alignment on updated silicon-specific protocols that more closely reflect real-world smartphone usage. Successful completion under any of these pathways will enable customer qualification and follow-on commercial shipments.","length":519,"tagName":"p"},{"type":"text","content":"Smart eyewear devices place even greater emphasis on volumetric energy density due to smaller battery footprints and continuous-on AI workloads. Smart eyewear manufacturers typically require lower cycle-life thresholds for qualification than smartphone manufacturers. Based on ongoing customer engagements, Enovix believes the AI-1 platform already meets or exceeds key technical requirements for multiple smart eyewear applications, positioning this category as a potential early commercialization opportunity.","length":511,"tagName":"p"},{"type":"text","content":"Dr. Talluri continued, “Customer engagement is also expanding across smart eyewear and other AI-powered applications that require higher energy density in increasingly space-constrained designs. Smart eyewear platforms are progressing toward production readiness, and we have begun receiving initial production demand from our lead customer as devices move toward commercial launch. Our manufacturing organization also continued to make solid progress preparing Fab2 in Malaysia for higher-volume production to support our upcoming commercialization programs.”","length":560,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" Manufacturing Readiness Progress During 2025, Enovix improved its production readiness across its global operations to support upcoming commercialization programs:","length":163,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Global manufacturing operations were unified under Kihong Park, who previously lead Enovix’s South Korea manufacturing operations that were established through the Routejade and SETK acquisitions. In addition, Enovix strengthened its advanced manufacturing capabilities with the addition of Ed Casey, who leads Advanced Manufacturing Engineering. Ed brings decades of experience scaling high-volume manufacturing across global production networks, including senior leadership roles at Seagate, Western Digital, and ams OSRAM.","length":525,"tagName":"p"}]},{"val":[{"type":"text","content":"Our new manufacturing leadership team is sharpening our focus on manufacturing execution as we scale toward high-volume production. At Fab2, we continue to see consistent gains in yield and throughput. While Zone 1 laser dicing currently defines our primary throughput limit, we believe we can resolve this via process optimization and alternative dicing technologies. This path would clear the way for significantly higher production rates as we commercialize. In 2026, we are capable of qualifying other new products and customers in our production lines, and meeting demand for smart eyewear customers.","length":605,"tagName":"p"}]},{"val":[{"type":"text","content":"China Compulsory Certification (CCC) and Underwriters Laboratories (UL) were secured for AI-1 smart eyewear batteries. ","length":118,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1248,"olType":false},{"type":"text","content":" Fourth Quarter and Full Year 2025 Financial Results ","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record fourth quarter 2025 revenue of $11.3 million, compared to $9.7 million in fourth quarter 2024, and record full-year 2025 revenue of $31.8 million, compared to $23.1 million in 2024, representing 38% year-over-year growth, primarily reflecting defense and industrial shipments. Cells manufactured through Enovix’s South Korea operations continue deployment across defense applications including aerial drones, subsea systems and munitions platforms, while next-generation silicon-anode developments position Enovix to support future higher-performance applications.","length":571,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP gross profit was $2.5 million in 4Q25 and $6.1 million for FY2025. Non-GAAP gross profit of $2.9 million in 4Q25 and $7.3 million for FY2025. Full-year non-GAAP gross margin improved to 23%, reflecting operational execution improvements and higher production volumes.","length":272,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash used in operating activities of $27.0 million in 4Q25 and $95.3 million for full year 2025, increased from an outflow of $16.0 million in 4Q24 and decreased from $108.6 million for full year 2024. 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enacted tax reform legislation, future asset impairments or for pending legal matters, other th...