Navitas Semiconductor (NASDAQ:NVTS) Posts Quarterly Earnings Results

Navitas Semiconductor (NASDAQ:NVTS) issued its quarterly earnings data on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01, FiscalAI reports. Navitas Semiconductor had a negative return on equity of 13.00% and a negative net margin of 818.84%. The company had revenue of $13.99 million for the quarter, compared to analyst estimates of $13.42 million. During the same quarter last year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was up 38.4% compared to the same quarter last year.

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

• Q3 revenue reached $14.0 million, up 33% sequentially and 38% year over year, driven by more than 50% sequential growth in high-power markets. Management expects Q4 revenue of $16.0 million at the midpoint, representing 14% sequential and 119% year-over-year growth.
• Navitas said its strategic shift away from mobile and low-end consumer is essentially complete, with high-power markets expected to represent nearly all revenue by year-end and AI infrastructure exceeding 40% of sales. The company expects AI infrastructure revenue to more than triple in 2027, supported by backlog extending into mid-2027 and book-to-bill ratios well above one.
• The Claros acquisition adds an integrated intermediate-voltage regulation platform for high-current, high-density power delivery directly to AI processors, expanding Navitas’ grid-to-XPU technology offering. Management said the deal more than doubles its estimated 2030 serviceable addressable market to over $8 billion, although meaningful anchor-customer revenue is expected primarily in late 2028 and 2029.
• Non-GAAP gross margin rose to 40.0% in Q3 and is guided to 40.5% in Q4, while operating expenses are expected to increase to approximately $25 million due to Claros-related costs and additional R&D investment. Cash was $531.5 million before the $126 million cash payment for Claros, leaving pro forma cash of roughly $405 million and no debt.
• Management expects continued double-digit sequential growth through 2027 as successive AI power-architecture transitions ramp, including silicon-carbide replacement, sidecar racks, native 800-volt systems, and eventually grid modernization. It also outlined a potential long-term path to profitability through scale and gross-margin expansion, targeting a blended margin above 50% and break-even revenue in the low-$60 million quarterly range.

Navitas Semiconductor Stock Up 9.0%

Navitas Semiconductor stock opened at $9.33 on Thursday. The stock has a 50 day moving average of $10.66 and a two-hundred day moving average of $13.23. Navitas Semiconductor has a twelve month low of $6.85 and a twelve month high of $34.17.

Navitas Semiconductor News Roundup

Here are the key news stories impacting Navitas Semiconductor this week:

• Positive Sentiment: Navitas beat Q3 estimates with a loss of $0.03 per share versus the expected $0.04 loss, while revenue rose 38% year over year to $13.99 million. Management expects another quarter of double-digit sequential revenue growth; AI data centers and grid and energy infrastructure are projected to exceed 40% of sales by year-end, supporting its growth outlook. Company earnings release
• Positive Sentiment: Craig Hallum raised its rating from Hold to Buy with a $13 target, and Rosenblatt also upgraded the shares to Buy, signaling improved analyst sentiment. Craig Hallum upgrade Rosenblatt upgrade
• Negative Sentiment: Needham lowered its price target from $21 to $15, although it maintained a Buy rating. Separately, reported risks around the 2026 Claros acquisition and integration of a voltage-regulator business raise questions about execution and realizing expected growth. Needham target change Acquisition and integration risks

Analysts Set New Price Targets

A number of research firms recently issued reports on NVTS. Wall Street Zen downgraded Navitas Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Monday, September 14th. Craig Hallum raised Navitas Semiconductor from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday. Jefferies Financial Group set a $13.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $12.60 price target on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.43.

About Navitas Semiconductor

Navitas Semiconductor Corporation (NASDAQ:NVTS) develops power semiconductor technologies designed to improve the efficiency, performance and size of electronic systems. The company specializes in gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices, which are used to convert and manage electrical power.

Its product portfolio includes GaNFast power ICs, GeneSiC silicon carbide products and related power-management solutions. These technologies are used in applications such as mobile and consumer chargers, data centers, solar inverters, electric vehicles, energy storage systems, appliances and industrial equipment.

Founded in 2014, Navitas serves customers and markets globally through its semiconductor products and engineering support.