ENVX Stock Before Q3 Earnings: Should You Buy Now or Wait for Results?

Core Insights - Enovix Corporation (ENVX) is set to report its third-quarter 2025 results on November 5, 2025 [1] Revenue Expectations - Enovix anticipates total revenues between $7.5 million and $8.5 million for Q3 2025, significantly higher than the $4.3 million reported in the same quarter last year, reflecting strong demand and improved production throughput [2] - This revenue forecast also aligns with approximately $7.5 million from the previous quarter, with the Zacks Consensus Estimate at $8.08 million, indicating an 86.99% year-over-year increase [2] Loss Projections - The company expects a non-GAAP loss between 14 cents and 18 cents per share, with the consensus mark for loss at 16 cents, showing a year-over-year improvement of 5.88% [3] - Enovix has consistently beaten earnings estimates in the past four quarters, with an average surprise of 20.07% [3] Performance Drivers - The anticipated performance for Q3 2025 is expected to benefit from continued revenue momentum, driven by sequential growth and expanding customer programs [4] - Early production gains at Fab 2 and a steady rise in shipments to consumer and industrial customers are likely to have improved scale efficiency during the quarter [4] Product Development - Enovix is expected to benefit from the early commercialization of its AI-1 smartphone battery platform, which features a 100% active silicon anode, providing superior energy density and ultra-fast charging capabilities [5] - The transition of AI-1 from pilot to volume production is expected to capture operating leverage from scaling efficiencies and stronger demand across premium smartphone programs [5] Margin Challenges - The company is likely to face margin headwinds in Q3 2025 due to a less favorable product mix and rising costs associated with manufacturing readiness initiatives [6] - As a result, gross margins are expected to narrow, and increased operating expenses may lead to a higher net operating loss for the period [6] Earnings Prediction Model - The current model does not predict an earnings beat for Enovix, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [7] Comparisons with Other Stocks - Other companies with favorable earnings predictions include StoneCo (Earnings ESP of +7.81%, Zacks Rank 1), Qorvo Inc. (Earnings ESP of +7.69%, Zacks Rank 2), and CoreWeave Inc. (Earnings ESP of +15.66%, Zacks Rank 2) [8][9][10]