Enovix Corporation (ENVX) reported third-quarter 2026 revenue of $11.0 million, up 38% from a year earlier and 22% sequentially. GAAP net loss attributable to Enovix was $41.9 million, or $0.19 per diluted share.
The company issued fiscal 2027 revenue guidance of $65 million to $85 million and said drone and defense customers drove the quarter. Enovix also reported retiring $128 million face value of 2030 convertible notes for approximately $81.4 million.
- GAAP gross profit was $3.3 million and GAAP gross margin was 30.1%.
- Drone, defense and industrial pipeline increased 18% sequentially to approximately $216 million.
- Enovix plans a $19 million expansion to double drone battery capacity at its South Korean facility, with completion expected in Q2 2027.
- The company reported $512.2 million in cash, cash equivalents, marketable securities and restricted cash at quarter end.
- Fourth-quarter 2026 revenue guidance was $9.0 million to $10.0 million.
$ENVX Hedge Fund Activity
We have seen 140 institutional investors add shares of $ENVX stock to their portfolio, and 158 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 3,252,048 shares (+61.3%) to their portfolio in Q3 2026, for an estimated $9,430,939
- GRANAHAN INVESTMENT MANAGEMENT, LLC removed 1,884,665 shares (-95.9%) from their portfolio in Q2 2026, for an estimated $11,439,916
- CENTERBOOK PARTNERS LP removed 1,728,837 shares (-84.7%) from their portfolio in Q3 2026, for an estimated $5,013,627
- 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
- GEODE CAPITAL MANAGEMENT, LLC removed 1,526,462 shares (-29.4%) from their portfolio in Q3 2026, for an estimated $4,426,739
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.
