Enovix Corp 2026年季度报告

Enovix Corporation Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Table of Contents PagePART I.FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited)1Condensed Consolidated Balance Sheets as ofApril5, 2026 and December28, 20251Condensed Consolidated Statements of Operations for the fiscalquarters endedApril5, 2026 andMarch30, 20252Condensed Consolidated Statements of Comprehensive Income (Loss) for the fiscalquarters endedApril5, 2026andMarch30, 20253Condensed Consolidated Statements ofStockholders’ Equity for the fiscalquarters endedApril5, 2026 and March30, 20254Condensed Consolidated Statements of Cash Flows for the fiscalquarters endedApril5, 2026 and March30, 20255Notes to Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosure about Market Risks30Item 4.Controls and Procedures31PART II.OTHER INFORMATIONItem 1.Legal Proceedings31Item 1A.Risk Factors31Item 2.Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities62Item 3Defaults Upon Senior Securities63Item 4Mine Safety Disclosures63Item 5Other Information63Item 6.Exhibits64Signatures66 FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Thestatements contained in this Quarterly Report on Form 10-Q that are not purely historical are forward-looking statements. Forward-lookingstatements generally relate to future events or our future financial or operating performance and can be identified by words such asanticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, project, should, would and •ability to respond to customer and market demand; •ability to build and scale manufacturing lines for our lithium-ion batteries, as well as production and commercialization timelines,and our ability to have adequate capacity to satisfy customer demands;•ability to meet milestones and customer acceptance of key products, such as AI-1TM and AI class products and MX products, aswell as the market readiness of such products, and the effectiveness of our product design;•expectations and estimations of the total addressable market for our batteries, including the demand for more energy densebatteries and the suitability of our products to address this demand, and the impact of artificial intelligence features on the demandfor energy dense batteries and the suitability of our products to address this demand;•expectations relating to the timing of the launch of commercial smartphone and commercial smart eyewear products, the potentialgrowth in sales to defense customers, and expectations regarding potential customer purchases, results of safety testing andcustomer qualification of our products;•ability to manage our expenses and realize our cost savings goals;•ability to manage and achieve the benefits of our restructuring efforts;•products, technologies, business model and growth strategy, including commercialization opportunities, market opportunity andthe expansion of our customer base;•product strategy for our conventional lithium-ion battery products;•ability to meet the expectations of new and current customers, including safety and qualification requirements, and our ability to The forward-looking statements contained in this Quarterly Report on Form 10-Q are based on our current expectations and beliefsconcerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be Table of Contents control. These risks and uncertainties include, but are not limited to, those described in Part II, Item 1A. “Risk Factors” of this QuarterlyReport on Form 10-Q. Should one or more of these risks or uncertainties ma