Navitas Semiconductor (NASDAQ:NVTS) Announces Quarterly Earnings Results

Key Points

• Navitas beat expectations with Q1 EPS of -$0.04 vs -$0.05 est and revenue of $8.6M (up 18% sequentially); management raised momentum guidance to $10.0M ± $0.5M for Q2 with gross margins near 39.25% and expects gradual margin expansion through 2026.
• The company says it has completed its pivot to “Navitas 2.0”, concentrating on four high‑value markets (AI data center, energy/grid, performance computing, industrial electrification) and expects mobile revenue to be insignificant by year‑end.
• Product and manufacturing progress accelerated (new 100V/650V GaN, Gen‑5 1.2kV GeneSiC, 800V DC/DC platforms) and a partnership with GlobalFoundries targets an 8‑inch GaN pivot in 2027; the firm also holds $221M cash with no debt but remains at a non‑GAAP operating loss (~$11.7M).

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01, FiscalAI reports. Navitas Semiconductor had a negative return on equity of 14.52% and a negative net margin of 254.71%.The company had revenue of $8.60 million for the quarter, compared to analyst estimates of $8.22 million.

Here are the key takeaways from Navitas Semiconductor's conference call:

• Management reported Q1 revenue of $8.6 million, up 18% sequentially with the high‑power business now the majority of revenue and management saying high‑power growth was roughly mid‑30% year‑over‑year, driving a 39.0% gross margin (+30 bps).
• Guidance for Q2 calls for continued sequential growth to $10.0M ± $0.5M, non‑GAAP gross margin ~39.25% and flat operating expense, and management expects gradual margin expansion throughout 2026.
• Navitas says it has effectively completed its pivot to “Navitas 2.0,” concentrating on four high‑value markets (AI data center, energy/grid, performance computing, industrial electrification) and expects mobile revenue to be insignificant by year‑end.
• Technology progress and customer engagement accelerated: sampling of 100V/650V GaN and new Gen‑5 1.2kV GeneSiC devices, release of 800V DC/DC reference platforms (e.g., 20kW 800V→6V) and a manufacturing partnership with GlobalFoundries for an 8‑inch GaN pivot in 2027.
• Balance sheet remains healthy with $221M cash and no debt, but the company is still operating at a non‑GAAP operating loss (~$11.7M in Q1); management says break‑even is a priority and may be slightly ahead of prior expectations but gave no firm timeline.

Navitas Semiconductor Stock Up 10.2%

Shares of NASDAQ NVTS traded up $1.63 during midday trading on Tuesday, hitting $17.55. The stock had a trading volume of 39,988,365 shares, compared to its average volume of 26,108,063. The company has a market capitalization of $4.05 billion, a PE ratio of -30.79 and a beta of 3.62. The stock has a 50 day simple moving average of $10.59 and a 200-day simple moving average of $9.92. Navitas Semiconductor has a 1 year low of $1.80 and a 1 year high of $19.79.

Wall Street Analyst Weigh In

Several brokerages have commented on NVTS. Rosenblatt Securities reissued a "neutral" rating and issued a $7.00 price objective on shares of Navitas Semiconductor in a report on Thursday, March 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Tuesday, April 21st. Finally, Robert W. Baird raised their price objective on Navitas Semiconductor from $9.00 to $20.00 and gave the company an "outperform" rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.98.

Insider Activity

In other news, Director Ranbir Singh sold 389,096 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $9.52, for a total value of $3,704,193.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chris Allexandre sold 9,236 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total value of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares in the company, valued at approximately $7,262,974.39. This trade represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 509,016 shares of company stock worth $4,967,814 over the last quarter. 29.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Navitas Semiconductor by 18.0% during the fourth quarter. State Street Corp now owns 8,597,950 shares of the company's stock worth $61,389,000 after buying an additional 1,308,626 shares in the last quarter. Invesco Ltd. lifted its position in Navitas Semiconductor by 257.8% during the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company's stock worth $33,827,000 after buying an additional 3,413,394 shares in the last quarter. Geode Capital Management LLC lifted its position in Navitas Semiconductor by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 4,417,408 shares of the company's stock worth $31,546,000 after buying an additional 501,110 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Navitas Semiconductor by 90.0% during the third quarter. BNP Paribas Financial Markets now owns 3,048,943 shares of the company's stock worth $22,013,000 after buying an additional 1,444,405 shares in the last quarter. Finally, Marex Group plc lifted its position in Navitas Semiconductor by 22,203.8% during the fourth quarter. Marex Group plc now owns 2,675,113 shares of the company's stock worth $19,100,000 after buying an additional 2,663,119 shares in the last quarter. Hedge funds and other institutional investors own 46.14% of the company's stock.

Navitas Semiconductor Company Profile

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.

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