Enovix Corporation

Massif Capital flagged Enovix in its Q2 2026 letter, noting the stock fell in three steps in June after an outside investor exited, a soft Q2 revenue guide and a broader Nasdaq semiconductor selloff. Enovix said Honor's smartphone-battery qualification was taking longer than expected, contributing to reduced visibility. The shares have lost 66.89% over the past 52 weeks and closed at $3.40 on August 19, 2026, while Massif remains positioned for security-level dispersion. » More on finance.yahoo.com

Enovix has named CFO Ryan Benton as interim CEO following Raj Talluri’s resignation; the board appointed T.J. Rodgers as executive chairman and has launched a search for a permanent CEO. The company confirmed its Q3-2026 guidance of $9.0–10.0 million in revenue and expects a non-GAAP operating loss of $29.0–32.0 million. Enovix reported cash of $552 million at the end of Q2, five consecutive quarters of revenue growth and positive gross margins for seven straight quarters. Other highlights: more than 1,000 charge cycles confirmed for the AI-1 battery, an initial order for 50,000 smart-eyewear batteries (about 19,000 units in Q3) and a production capacity expansion in Korea from $40 million to $100 million; drone and defense pipeline of $183 million. » More on de.investing.com

Enovix shares hit a new 52-week low of $4.63 and are down about 66% year to date. InvestingPro rates the stock as undervalued but expects short-term volatility and ongoing operational challenges. Enovix appointed Dr. Michael Vyvoda as COO to strengthen production in Malaysia and Korea; Northland maintains an "Outperform" rating with a $16.00 price target, citing progress on drone batteries and silicon anodes. » More on de.investing.com