# Enovix Slides 20.2% Despite Revenue Surge

> Enovix shares drop 20.2% after Q3 2026 revenue jumps 38% but loss widens.
- Title: Enovix Slides 20.2% Despite Revenue Surge | Shortify
- Summary: Enovix shares drop 20.2% after Q3 2026 revenue jumps 38% but loss widens. Enovix shares fell 20.2% to $2.02 following Q3 2026 revenue of $11.0M, up 38%…
- Keywords: earnings, enovix corporation, envx, q3 2026, revenue, net loss, battery technology, Alphastreet - Earnings Decoded. Market Intelligence Delivered
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/down-20-2-enovix-slides-despite-q3-2026-revenue-surges
- Author: AlphaStreet Newsdesk
- Published: 2026-11-12T20:31:47+00:00
- Read time: 1 min
- Topics: earnings, enovix corporation, envx, q3 2026, revenue, net loss, battery technology
## Q3 2026 Results
Enovix reported a Q3 2026 non-GAAP loss of $0.15 per share, matching the -$0.15 estimate.

> First of all, revenue is up 38% year-on-year and quarter-on-quarter 22%, beat our estimates.
## Revenue Surge
Q3 revenue reached $11.0M, up 38.0% from Q3 2025's $8.0M.
## Net Loss Expansion
Company incurred a $41.9M net loss despite $11.0M revenue.
## Pipeline Growth
Enovix maintains $216M pipeline for drone, defense, and industrial applications.
## Market Reaction
Shares declined 20.2% to $2.02 following Q3 results.
## Key takeaway

Enovix shares fell 20.2% to $2.02 following Q3 2026 revenue of $11.0M, up 38% year-on-year, despite a $41.9M net loss.