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Benzinga
Benzinga
Business
Vaishali Prayag

Enovix Shares Plunge Over 20% Despite Beating Q2 Revenue And EPS Estimates

Enovix ENVX
Fremont,,Ca,,Usa,-,Feb,28,,2020:,The,Enovix,Sign

Shares of Enovix Corporation (NASDAQ:ENVX) are trading lower Friday after the company reported its second-quarter 2025 financial results on Thursday.

What To Know: While the lithium-ion battery maker topped Wall Street estimates for both revenue and earnings, the stock is under pressure as investors react to broader concerns around execution, cash burn and the path to mass commercialization.

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