ENOVIX CORP (ENVX)
Industrials · Advanced lithium-ion battery manufacturing · NASDAQ
Enovix is a battery technology company bringing silicon-anode lithium-ion cells with superior energy density to AI-enabled smartphones and defense drones, transitioning from R&D to early production and commercialization.
What ENOVIX CORP does
Enovix designs, develops, and manufactures advanced lithium-ion batteries featuring proprietary silicon-anode architecture that enables higher energy density in space-constrained devices such as smartphones and smart eyewear. The company commercializes its AI-1 battery platform for next-generation AI-enabled consumer electronics, while also serving defense and industrial markets through conventional and silicon-doped graphite battery products for applications including drones, subsea systems, and munitions. Manufacturing operations span Malaysia, South Korea, and R&D centers in California, India, and South Korea.
Themes: ["Silicon-anode batteries / next-generation cell architecture","AI-enabled consumer electronics / mobile devices","Defense and industrial applications","High-energy-density batteries for drones","Smart eyewear power solutions"]
Fundamentals
- Price$5.40 as of 2026-07-09 close
- Market cap$1.2B as of 2026-07-10
- 1-year return-60.6% as of 2026-07-09 close
- Net margin-499.6% as of 2026-07-10
- Gross margin+21.6% as of 2026-07-10
- ROE-67.9% as of 2026-07-10
- Debt / equity2.20 as of 2026-07-10
- Revenue growth (YoY)+49.9% as of 2026-07-10
- Beta2.31 as of 2026-07-10
Key risks (from latest filing)
["Smartphone qualification timeline uncertain and outside company control; dependence on lead OEM customer (Honor) qualification progress for commercialization","Revenue concentration in small number of South Korean defense customers exposes company to Korean government budget cycles, procurement decisions, program cancellations, and geopolitical factors","Company unprofitable with negative net margin of -499.64%; significant manufacturing scaling and commercialization execution risks remain before achieving profitability"]
Competitors & peers
- Panasonic
- Samsung SDI
- LG Energy Solution
- CATL
- SK Innovation
- BYD
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.