Navitas Semiconductor (NASDAQ:NVTS) Issues Earnings Results, Hits Estimates

Navitas Semiconductor (NASDAQ:NVTS) released its earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04), FiscalAI reports. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The business had revenue of $10.53 million during the quarter, compared to the consensus estimate of $9.97 million. During the same quarter last year, the firm earned ($0.25) earnings per share. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year.

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

• Revenue rose 22% sequentially to $10.5 million in Q2, while high-power markets grew more than 50% year over year. Management expects Q3 revenue of $13.5 million at the midpoint, up 28% sequentially and returning to year-over-year growth.
• Navitas said its transition to “Navitas 2.0” is nearly complete, with mobile and low-end consumer revenue expected to become insignificant by year-end. AI infrastructure is expected to contribute at least one-third of Q4 sales, supported by growing GaN and high-voltage SiC demand across data centers and grid infrastructure.
• Gross margin improved to 39.5% in Q2 and is expected to rise gradually as the mix shifts toward higher-value products and scale improves. The company also reported record book-to-bill and backlog extending beyond 2026, though it did not quantify the portion tied to committed 2027 programs.
• Navitas remains unprofitable, with a Q2 non-GAAP operating loss of $11.4 million, and plans to increase quarterly operating expenses by $1.0 million to $1.5 million for R&D, customer support, and operational readiness. The company raised approximately $373 million at an average share price of $21.89, strengthening its balance sheet but adding potential equity dilution, while separate patent litigation from Wolfspeed and Renesas creates additional uncertainty.

Navitas Semiconductor Stock Up 4.5%

NASDAQ:NVTS opened at $11.41 on Tuesday. Navitas Semiconductor has a 12-month low of $5.44 and a 12-month high of $34.17. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -18.11 and a beta of 3.82. The stock’s 50 day moving average price is $19.83 and its two-hundred day moving average price is $14.19.

Key Navitas Semiconductor News

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

• Positive Sentiment: Optimistic Q3 outlook: Navitas forecast third-quarter revenue of $13 million to $14 million, well above the $11.1 million consensus estimate. The guidance implies roughly 28% sequential growth and is expected to include improving margins. Navitas Semiconductor Announces Second Quarter 2026 Financial Results
• Positive Sentiment: AI demand is accelerating: Management cited power bottlenecks in AI infrastructure as a driver of high-power semiconductor demand. AI-related sales are expected to contribute more than one-third of annual revenue, supporting the company’s “Navitas 2.0” shift toward high-power markets. Navitas Sees Accelerated Demand in Q2 Due to Power Bottlenecks in AI Infrastructure
• Positive Sentiment: Revenue beat estimates and cash increased: Second-quarter revenue was $10.53 million, ahead of the $9.97 million consensus estimate. The company’s cash balance rose to approximately $557.4 million, providing additional flexibility to fund expansion and product development. Navitas Q2 Revenue Jumps as Navitas 2.0 Transition Strengthens AI-Powered Growth
• Neutral Sentiment: Quarterly loss met expectations: Navitas reported an adjusted loss of $0.04 per share, matching analyst forecasts and improving from a $0.05 loss a year earlier. The result did not represent an earnings surprise. Navitas Reports Q2 Loss and Beats Revenue Estimates
• Negative Sentiment: Profitability and year-over-year trends remain weak: Revenue was still below the prior-year period, while Navitas reported a deeply negative net margin and analysts expect a full-year loss. The stock also remains highly volatile after a sharp recent decline, creating execution risk despite the improved outlook. Navitas Q2 2026 Earnings Call Transcript

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Jefferies Financial Group set a $13.00 price target on Navitas Semiconductor in a research report on Tuesday. Needham & Company LLC raised their price target on Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Robert W. Baird boosted their price target on Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.45.

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Ranbir Singh sold 3,060,118 shares of Navitas Semiconductor stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.29, for a total transaction of $89,630,856.22. Following the completion of the transaction, the director directly owned 15,607,533 shares of the company’s stock, valued at $457,144,641.57. The trade was a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard J. Hendrix sold 110,165 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the completion of the transaction, the director owned 101,709 shares in the company, valued at approximately $2,945,492.64. This represents a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,989,478 shares of company stock valued at $116,356,387. 12.40% of the stock is owned by insiders.

Institutional Trading of Navitas Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in shares of Navitas Semiconductor by 104.8% during the second quarter. American Century Companies Inc. now owns 241,450 shares of the company’s stock worth $1,581,000 after acquiring an additional 123,577 shares during the period. Prudential Financial Inc. bought a new stake in Navitas Semiconductor in the 2nd quarter valued at $120,000. New York State Common Retirement Fund grew its holdings in Navitas Semiconductor by 102.7% in the 2nd quarter. New York State Common Retirement Fund now owns 40,255 shares of the company’s stock valued at $264,000 after buying an additional 20,400 shares in the last quarter. Invesco Ltd. increased its position in Navitas Semiconductor by 75.2% during the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock worth $20,999,000 after buying an additional 1,376,205 shares during the period. Finally, Baird Financial Group Inc. increased its position in Navitas Semiconductor by 2,514.3% during the 2nd quarter. Baird Financial Group Inc. now owns 419,237 shares of the company’s stock worth $2,746,000 after buying an additional 403,201 shares during the period. 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.