Enovix doubles its TAA-compliant drone battery production capacity
The Fremont-based developer plans to increase output at its South Korean facility by mid-2027 to fulfill growing U.S. defense program demands and secure long-term revenue streams.
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Advanced lithium-ion battery manufacturer
enovix.comLast updated
In short: Enovix reported Q2 revenue growth, expanded TAA-compliant drone battery capacity in Korea, and reshaped leadership with a new COO amid a CEO transition.
The Fremont-based developer plans to increase output at its South Korean facility by mid-2027 to fulfill growing U.S. defense program demands and secure long-term revenue streams.
The board accepted the resignation effective August 13, 2026. T.J. Rodgers leads as executive chairman while Ryan Benton serves as interim CEO during the search process.
Up 21% year-over-year at guidance high end. Smartphone qualification milestone achieved, 1,000 cycles passed; smart eyewear ramp underway; drone pipeline grew to $183 million.
Revenue of $7.6 million exceeded guidance; company advances qualification of silicon-anode batteries.
Enovix (NASDAQ:ENVX) held its second-quarter earnings conference call on Wednesday. Below is the complete transcript from the call. This transcript is brought to you by...
Shares of Enovix Corporation (NASDAQ:ENVX – Get Free Report) hit a new 52-week low on Monday . The company traded as low as $3.03 and...
Enovix expands drone and smartphone batteries, reports revenue growth and confirms guidance while analysts downgrade their estimates.
Battery specialist Enovix is increasingly focusing on expanding its international production capacities and tapping into government contract areas. The company announced that its port...
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