Enovix (NASDAQ:ENVX), a developer of advanced silicon-anode lithium-ion battery technology, released results for its second quarter of fiscal 2025 on July 31, 2025. The company posted GAAP revenue of $7.5 million, surpassing the analyst consensus estimate of $5.57 million (GAAP) and exceeding its own guidance midpoint. Its non-GAAP net loss per share came in at $0.13, outperforming expectations for a non-GAAP loss of $0.19 per share. The period showed material improvement in gross margin, reaching 31% (non-GAAP) versus (15%) in Q2 2024, while operating losses continued to narrow. Overall, the quarter featured strong commercial progress on battery platforms, manufacturing milestones in Asia, and a notable beat across key financial metrics.

Source: Analyst estimates for the quarter provided by FactSet.

Enovix develops and manufactures next-generation lithium-ion batteries with a focus on advanced silicon-anode technology. Its batteries are aimed at applications that demand higher energy density, faster charging, and longer cycle life, such as smartphones, smart eyewear (augmented reality), industrial handhelds, and devices used in the Internet of Things (IoT) sector.

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Source Fool.com