Enovix Q3 Preliminary Revenue Rises 38%

07:58 AM EDT, 10/12/2026 (MT Newswires) -- Enovix (ENVX) said Monday its preliminary Q3 revenue rose 38% year over year to $11 million, exceeding its guidance of $9 million to $10 million. Analysts polled by FactSet expect $9.5 million. The company said Q3 revenue was driven by demand for drone and defense batteries, while its drone, defense and industrial pipeline has grown to $216 million. In addition, the company said it has appointed Steve Bakos as chief revenue officer, overseeing its defense and commercial businesses, and James Wilcox as vice president of corporate strategy. Enovix said it plans to report initial results of its cost-reduction program alongside its Q3 financial results on Nov. 12. Shares of Enovix were up more than 5% in premarket activity Monday.