Enovix is trading at $2.78, up 10.76% in pre-market after preliminary Q3 revenue exceeded guidance.

  • Preliminary Q3 revenue was $11.0 million, up 38% year over year, versus guidance of $9 million–$10 million.
  • The drone, defense and industrial pipeline grew 18% to approximately $216 million.
  • Complete Q3 results are expected around November 12. Broader futures were modestly higher, while the supplied index moves were small.