Enovix reports Q1 2026 revenue up 49%, advances silicon-anode battery production for smartphones and smart eyewear.

Enovix Corporation reported a 49% year-over-year revenue increase to $7.6 million in Q1 2026, driven by growth in defense and industrial shipments. The company is progressing toward smartphone battery qualification with updated testing frameworks and has begun commercial production of its silicon-anode batteries for smart eyewear, expecting to produce 50,000 units in 2026. Enovix also launched the MX-1 drone battery platform and continues to improve manufacturing yields and throughput. Despite ongoing losses, the company maintains strong liquidity with $582.7 million in cash and investments to support scale-up and commercialization.