$Enovix Corporation(ENVX)$ remains a development-stage battery company whose valuation depends far more on product qualification and manufacturing execution than on current sales. Its second-quarter update provided incremental evidence that a high-energy smartphone battery can meet a major customer’s durability requirements, but commercial scale is still unproven. Enovix reported after the August 12 close for the quarter ended June 28. Revenue increased 21% year over year and 19% sequentially to $9.0 million, the fifth consecutive quarter of annual growth. Its GAAP loss was $0.20 per share and its non-GAAP loss was $0.13. Enovix’s official second-quarter release provides the results and programme updates. The most important evidence was technical
Super Micro Jumps 19%, Optical Modules Follow — Who Benefits Most in AI Hardware?
AI hardware turned pre-earnings caution around. Super Micro +19.02% on EPS of $1.70 against a $0.98 estimate, even with revenue of $11.12 billion missing the $11.782 billion consensus — the sell side moved onto the gross-margin outlook, the exact thing it had been afraid of. Optical went with it: Lumentum +13.63% on EPS of $3.23 versus $3.03, revenue $1.006 billion; Coherent +8.24% into its own after-hours print. Applied Materials +4.29%, also reporting after the close — the first direct read on whether announced capacity turns into equipment orders.
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