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+0.72%
Close of 9 Nov 2026, in USD
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About Enovix
From its filings with the US Securities and Exchange Commission
Enovix is based in Fremont, California. Its shares trade on Nasdaq under the ticker ENVX. The SEC classifies its business as miscellaneous electrical machinery, equipment & supplies. In the fiscal year to 28 December 2025, it reported revenue of $31.8m and a net loss of $156.7m. At that date it held total assets of $879.0m and shareholders' equity of $271.2m.
Enovix Corporation (the “Company,” “we,” “us,” “our” and “Enovix”) is a global high-performance battery company focused on designing, developing, manufacturing, and commercializing advanced Lithium-ion, or Li-ion, batteries, including proprietary silicon-anode architectures, for smartphones, smart eyewear, defense, industrial and emerging edge-AI applications. Our proprietary silicon-anode battery architecture enables higher energy density and performance relative to conventional battery cells, particularly in space-constrained devices. Our battery’s mechanical design, or “architecture,” allows us to use high performance chemistries while maintaining safety and reliability, supporting commercialization opportunities across various consumer and industrial markets.
Battery performance has become a critical constraint for modern electronic devices as they continue to incorporate slimmer designs with greater functionality, longer runtime, and higher power needs. Smartphones, smart eyewear, and defense and industrial systems, as well as emerging edge-AI applications, increasingly require batteries that can deliver higher energy density to support compact, always-on devices and advanced functionality – all without compromising safety, reliability, or manufacturability.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 4 Dec 2020
- Employees
- 664
- Website
- enovix.com ↗
- Head office
- 3501 W. WARREN AVENUE, FREMONT, CA, 94538
- Classification
- Miscellaneous Electrical Machinery, Equipment & Supplies
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Thurman RodgersNon-Executive Chairman of the Board, since 2020$292,000
- Dr. Raj TalluriPresident, Chief Executive Officer, Director, since 2023$11.5m
- Mr. Ryan BentonChief Financial Officer
- Mr. Ajay MaratheChief Operating Officer$4.2m
- Ms. Kristina TruongSenior Vice President, Chief Accounting Officer
- Ms. Arthi ChakravarthyCorporate Secretary, Chief Legal Officer and Head of Corporate Development$3.0m
- Ms. Betsy AtkinsIndependent Director$262,500
- Ms. Pegah EbrahimiIndependent Director$260,000
- Mr. Bernard GutmannIndependent Director$267,000
- Mr. Joseph MalchowIndependent Director$267,500
- Mr. John McCranieIndependent Director$3,425
- Mr. Gregory ReichowIndependent Director$265,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 39
- Environment
- 5
- Social
- 53
- Governance
- 58
- Direct emissions (scope 1)
- 609 t
- Energy emissions (scope 2)
- 2,717 t
- Women in the workforce
- 36.8%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Enovix Corp's Fab1 features a first-of-its-kind battery production line in the US.
- Enovix delivers commercial cells from Fab1 with vertical integration of electrode coating and battery pack manufacturing.
- Enovix's BrakeFlow intra-cell system increases abuse tolerance for lithium-ion batteries.
Weaknesses
- Enovix operates only two factories in Korea for its lithium-ion battery business.
- Enovix employs 335 full-time employees, which is below the industry average for similar companies.
- Enovix's product roadmap focuses on future nodes at higher energy density levels.
Opportunities
- Enovix serves wearable and IoT cell applications with growing market demand.
- Enovix targets laptop and mobile cell applications in the expanding consumer electronics sector.
- Enovix's industrial cell applications present opportunities in the industrial equipment market.
Threats
- Enovix faces competition from established battery manufacturers in the US market.
- Enovix's reliance on two factories in Korea poses supply chain risks.
- Enovix's IPO in December 2020 may lead to increased market volatility.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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