Enovix: Q3 Earnings Insights

Enovix ENVX reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Enovix beat estimated earnings by 17.39%, reporting an EPS of $-0.19 versus an estimate of $-0.23.

Revenue was up $192 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 4.9% drop in the share price the next day.

Here's a look at Enovix's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.22 -0.21 -0.16 -0.16
EPS Actual -0.19 -0.20 -0.19 -0.15
Revenue Estimate 60K 40K 900K 440K
Revenue Actual 42K 21K 1.09M 8K

To track all earnings releases for Enovix visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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