ENVX

Over the past six months, Enovix Corp.'s stock price has seen a significant decline of 66.08% over the last year, reaching an all-time low of $2.85 on September 15, 2026. In Q1 2026, the company reported $7.6 million in revenue, exceeding guidance due to strong defense and industrial shipments. On July 7, 2026, Enovix launched its AI-1™ platform for silicon-anode smartphone batteries. The Q2 2026 earnings report on August 12, 2026, showed $9 million in revenue and a $43.1 million net loss, leading to a roughly 6% stock price drop. The resignation of CEO Dr. Raj Talluri on August 13, 2026, caused an 18% stock plunge and a new all-time low, with Ryan A. Benton appointed as the new CEO. Around August 22, 2026, Enovix announced plans to double its South Korea drone battery production capacity by mid-2027. The company was also dropped from the Russell Small Cap Comp Growth Index, and analysts cut fair value estimates following the CEO's resignation, reflecting increased uncertainty.