$ENVX

Enovix Corp (ENVX) reported that its Chief Legal Officer, Arthi Chakravarthy, received 18,546 shares from a vested RSU award on August 28, 2026. 9,821 shares were withheld to cover tax obligations at $3.36 per share. Chakravarthy holds additional unvested RSUs and PRSUs, set to vest in 2027 and 2028, potentially increasing her share holdings.

Enovix Corp (ENVX) shares fell 3% after-hours despite beating Q4 revenue estimates ($11.3M vs $10.3M) and narrowing losses ($0.16 vs $0.24 expected). The company is scaling production for batteries in smartphones, smart eyewear, and defense. CEO Raj Talluri highlighted progress in smartphone qualification and defense contracts, but investors remain cautious about manufacturing ramp-up.

Enovix Corp's (ENVX) Chief Legal Officer Arthi Chakravarthy had 2,221 shares withheld to cover taxes on vesting restricted stock units (RSUs) at $3.27 per share. She holds 581,314 shares, including unvested RSUs and performance-based stock units set to vest between 2027 and 2028.

Enovix (ENVX) plans to double drone battery production in South Korea by mid-2027, targeting 1M units/year. The expansion is backed by a $183M customer pipeline, though not all are firm orders. ENVX has $552.1M in cash. Q2 revenue was $9M, with a $43.3M operating loss.

Massif Capital's Q2 2026 investor letter reported a 5.16% net loss, with Enovix Corp (ENVX) falling 21.66% in one month. ENVX declined due to investor exits, soft revenue guidance, and semiconductor selloffs, closing at $3.40 per share on August 19, 2026, with a market cap of $687.97 million.

STLA, GME, and ENVX shares hit 52-week lows. STLA fell 1.37% due to a recall of 955,000 vehicles. GME dropped 2.45% after issuing $1.4B in convertible notes. ENVX plunged 13% following CEO resignation and price target cuts.

Enovix Corporation (ENVX) announced CEO Raj Talluri's resignation and appointed CFO Ryan Benton as interim CEO. The company reaffirmed its Q3 2026 guidance, with revenue expected between $9.0M and $10.0M and a non-GAAP operating loss between $29.0M and $32.0M. Enovix highlighted its strong executive team and product roadmap, including smartphone, smart eyewear, and defense/drone markets. The company's cash position stands at $552.1M.

QuantumScape (QS) fell 6%, Enovix (ENVX) dropped 14%, and Solid Power (SLDP) declined 4% amid rising Treasury yields. The battery developers are sensitive to long-term rates, impacting their valuations. QuantumScape's fundamentals remain intact, with partnerships with Honda and Volkswagen. Enovix and Solid Power also reported recent developments. The Amplify Lithium & Battery Technology ETF (BATT) fell 2%.

Enovix Corporation (NASDAQ: ENVX) shares fell 10.99% after CEO Raj Talluri's resignation and soft Q3 guidance. The company expects $9–$10M in revenue and a non-GAAP loss of $0.17–$0.13 per share, below analyst estimates. William Blair downgraded ENVX to 'Market Perform,' citing higher risk, and TD Cowen cut its price target to $5.50. ENVX reported annual revenue of $31.8M, with a profit margin of -470% and negative cash flow.

Enovix said its strategy, product roadmap, customer programs and Q3 2026 guidance remain unchanged after CFO Ryan Benton became interim CEO following Raj’s resignation. Executive Chairman T.J. Rodgers will take a more active operating role. Enovix cited 1,000-cycle life for AI smartphone cells, smart-eyewear shipment of 50,000 units, and a $183 million defense and drone backlog.