Enovix (ENVX) reported preliminary, unaudited third-quarter 2026 revenue of $11.0 million, up 38% year over year and above its $9 million to $10 million guidance range. GAAP net loss attributable to Enovix was $41.6 million, or $0.19 per basic and diluted share.
The company said its drone, defense and industrial pipeline grew 18% during the quarter to approximately $216 million. Enovix also promoted Steve Bakos to chief revenue officer and general manager.
- Drone and defense customers represented approximately 70% of Q3 revenue.
- The drone pipeline increased 48% to approximately $150 million.
- Enovix is investing $19 million to double capacity at its Korean plant.
- Cash and cash equivalents were approximately $512 million as of October 4, 2026.
- Full Q3 2026 results and an earnings call are expected on or about November 12.
$ENVX Hedge Fund Activity
We have seen 135 institutional investors add shares of $ENVX stock to their portfolio, and 126 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GRANAHAN INVESTMENT MANAGEMENT, LLC removed 1,884,665 shares (-95.9%) from their portfolio in Q2 2026, for an estimated $11,439,916
- MORGAN STANLEY added 1,658,688 shares (+91.5%) to their portfolio in Q2 2026, for an estimated $10,068,236
- MILLENNIUM MANAGEMENT LLC removed 1,649,852 shares (-77.8%) from their portfolio in Q2 2026, for an estimated $10,014,601
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,649,175 shares (+inf%) to their portfolio in Q2 2026, for an estimated $10,010,492
- MARSHALL WACE, LLP added 1,223,908 shares (+1276.4%) to their portfolio in Q2 2026, for an estimated $7,429,121
- BLACKROCK, INC. added 1,152,623 shares (+7.5%) to their portfolio in Q2 2026, for an estimated $6,996,421
- HANDELSBANKEN FONDER AB removed 1,106,493 shares (-95.2%) from their portfolio in Q2 2026, for an estimated $6,716,412
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
