Navitas Semiconductor Corp
NASDAQ:NVTS
Navitas Semiconductor Corp
Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. The company is headquartered in Dublin, Dublin and currently employs 162 full-time employees. The company went IPO on 2020-12-03. Power supplies incorporating its products are used in a range of electronics products including mobile phones, consumer electronics, data centers, solar inverters and electric vehicles. Navitas offers a portfolio of GaN power IC chips that optimize power delivery and reduce carbon footprint. Its GaN ICs are developed for high frequency, soft-switching applications and designed to unlock the material advantages of GaN while also integrating sensing, protection and reliability functions. Its chips feature monolithic integration of field-effect transistor (FET), drive and logic, high-performance powertrain building block that enables designers to create the power converters. The firm operates in the United States, Ireland, Hong Kong, China, Taiwan and the Philippines, and Ireland.
Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. The company is headquartered in Dublin, Dublin and currently employs 162 full-time employees. The company went IPO on 2020-12-03. Power supplies incorporating its products are used in a range of electronics products including mobile phones, consumer electronics, data centers, solar inverters and electric vehicles. Navitas offers a portfolio of GaN power IC chips that optimize power delivery and reduce carbon footprint. Its GaN ICs are developed for high frequency, soft-switching applications and designed to unlock the material advantages of GaN while also integrating sensing, protection and reliability functions. Its chips feature monolithic integration of field-effect transistor (FET), drive and logic, high-performance powertrain building block that enables designers to create the power converters. The firm operates in the United States, Ireland, Hong Kong, China, Taiwan and the Philippines, and Ireland.
Q3 Revenue: Navitas reported third quarter revenue of $10.1 million, at the midpoint of guidance, reflecting impacts from China tariff risks and pricing pressure in mobile, particularly in China.
Strategic Pivot: The company is accelerating its transition from consumer/mobile markets to high-power segments like AI data centers, performance computing, and grid infrastructure.
Guidance Cut: Q4 revenue is expected to drop to $7 million, as Navitas deprioritizes low-margin China mobile business and focuses on high-power markets. Management sees Q4 as the revenue bottom.
Margin Outlook: Q3 gross margin improved slightly to 38.7%, with Q4 expected to remain flat. Longer term, margins are expected to rise as high-power business grows.
Cost Discipline: Operating expenses are being trimmed, with a target of $15 million in Q4, a 24% year-over-year reduction.
Transformation Plan: The CEO outlined a four-pillar Navitas 2.0 plan focused on market selection, tech leadership, operational efficiency, and financial discipline.
AI Data Center Impact: Material P&L contributions from AI data center wins expected to start in 2027, with foundational design wins in 2026.
Strong Balance Sheet: Company ended Q3 with $151 million in cash and no debt, supporting the transformation.
