Enovix Achieved Its Q2 Forecast Of 18,000 Units Manufactured Out Of Its Fab1 Location In Fremont; Expects To Exceed Its Quarterly Guidance For Number Of Units Produced, With More Than Two Weeks Remaining In Quarter
Portfolio Pulse from Happy Mohamed
Enovix Corporation (NASDAQ: ENVX) has achieved its Q2 forecast of 18,000 units manufactured at its Fab1 location in Fremont and expects to exceed its quarterly guidance with more than two weeks remaining in the quarter. The company plans to produce 180,000 cells in 2023 and start high-volume manufacturing at its Fab2 location in Malaysia next year.
June 15, 2023 | 8:04 pm
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Enovix has achieved its Q2 forecast and expects to exceed its quarterly guidance, indicating strong performance and potential growth in the short term.
Enovix's achievement of its Q2 forecast and expectation to exceed its quarterly guidance demonstrates the company's strong performance and ability to meet its targets. This positive news is likely to have a positive impact on the stock price in the short term as it indicates potential growth and increased production capacity.
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