The Economic Playbook Behind China’s Rare Earth Market Success
IREN Announces Acquisition of Mirantis to Strengthen AI Cloud Del…
SoundHound AI Introduces OASYS: The World’s First Self-Learning O…
Digi Power X Signs AI Colocation Agreement with Leading AI Comput…
Cellectar Biosciences Announces Oversubscribed Financing Up to $1…
Apimeds Pharmaceuticals US Settles with Inscobee; Merger Proceeds…
The Economic Playbook Behind China’s Rare Earth Market Success
IREN Announces Acquisition of Mirantis to Strengthen AI Cloud Del…
SoundHound AI Introduces OASYS: The World’s First Self-Learning O…
Digi Power X Signs AI Colocation Agreement with Leading AI Comput…
Cellectar Biosciences Announces Oversubscribed Financing Up to $1…
Apimeds Pharmaceuticals US Settles with Inscobee; Merger Proceeds…
Navitas Semiconductor (Nasdaq: NVTS) reported first-quarter 2026 results with revenue of $8.6 million, up 18% sequentially, and non-GAAP gross margin of 39.0%. GAAP gross margin was (9.3%) and GAAP operating loss was $27.8 million. The company named Tonya Stevens as CFO and expects Q2 revenue of $10.0 million ± $0.5 million and non-GAAP gross margin of 39.25% ± 75 bps.
Navitas emphasized a strategic pivot to high-power markets (AI data centers, grid, performance computing, industrial electrification) and highlighted product demonstrations including 800V–6V PDBs and a 250 kW solid-state transformer.
NVTS was down 8.77% while momentum peers HIMX and NVEC were both up modestly, and other close peers showed mixed moves, indicating a largely stock-specific reaction to the earnings report.
Earnings releases often led to negative price moves when revenue declined or capital was raised, with price direction generally aligning with the fundamental tone.
Across the last five earnings events from Feb 24, 2025 through Feb 24, 2026, Navitas repeatedly highlighted its pivot from mobile/consumer toward high-power GaN and SiC markets, AI data centers, and energy infrastructure. These reports featured revenue declines versus prior-year periods, sizeable operating losses, and several capital raises and private placements, alongside strong technology and customer-pipeline updates. Market reactions were frequently negative, suggesting investors focused more on revenue contraction and dilution than on long-term AI and high-power opportunities, providing context for the latest Q1 2026 results.
Past 5 earnings events saw an average move of -6.59%. Today’s -8.77% decline is somewhat larger but directionally consistent with that pattern.
Same-tag earnings updates trace Navitas’ shift from mobile/consumer toward high-power GaN and SiC for AI data centers, grid and energy infrastructure. Over time, results feature declining legacy revenue, ongoing operating losses, sizeable capital raises, and growing AI-focused design wins and collaborations, including NVIDIA partnerships and expanded SiC and GaN product portfolios.
This announcement highlights Navitas’ Q1 2026 return to sequential revenue growth to $8.6M, expanding non-GAAP gross margin to 39.0%, and a continued pivot toward high-power GaN and SiC markets. Year-over-year revenue remains lower than the prior $14.0M, and GAAP operating losses of $27.8M persist despite a cash balance of $221.0M. Investors may track execution against Q2 guidance of $10.0M and progress toward improved margins and reduced losses.
AI-generated analysis. Not financial advice.
TORRANCE, Calif., May 05, 2026 (GLOBE NEWSWIRE) — Navitas Semiconductor, (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced unaudited financial results for its first quarter 2026 ended March 31, 2026.
“The first quarter marked a return to top-line sequential growth as we executed on our strategic transformation to Navitas 2.0 by continuing to pivot away from mobile and consumer to focus on high-power markets with our GaN and high-voltage SiC solutions,” stated Chris Allexandre, President and CEO of Navitas. “With growth being driven by high-power markets, the Company continued to reduce reliance on its historical mobile business with high-power markets representing a growing and larger majority of total revenue.
“As demonstrated by our participation at NVIDIA GTC and APEC, including the debut of our revolutionary 800V–6V and 800V-50V power delivery boards and our demonstrated 250 kW solid-state transformer solution, Navitas’ GaN and high-voltage SiC technologies are uniquely designed to address the power, density and efficiency needs of the AI revolution. We are targeting a substantial secular growth opportunity across AI data center, energy and grid infrastructure, performance computing, and industrial electrification, representing a
Commenting on the results, Tonya Stevens, CFO of Navitas, stated, “We are pleased with the strong momentum and growth across our targeted high-power markets, resulting in revenue growing
First Quarter 2026 Financial Highlights
Recent Business, Customer and Technology Highlights:
Second Quarter 2026 Business Outlook
A reconciliation of our forward-looking non-GAAP gross margin and non-GAAP operating expenses to the most directly comparable GAAP measures is not provided because such items cannot be reasonably calculated without unreasonable efforts due to the unpredictability of the amounts and timing of events affecting the items we exclude, including stock-based compensation expense and restructuring charges.
First Quarter 2026 Financial Results Conference Call and Webcast Information:
When: Tuesday, May 5, 2026
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Toll Free Dial-in: 1-800-715-9871 or 1-646-307-1963
Conference ID: 5910273
Webcast: Click Here
Additionally, a live and archived audio webcast of the conference call as well as supporting presentation materials will be accessible from the Investor Relations section of the Company’s website at ir.navitassemi.com.
Non-GAAP Financial Measures
This press release and statements in our public webcast include financial measures that are not calculated in accordance with generally accepted accounting principles (“GAAP”), which we refer to as “non-GAAP financial measures,” including (i) non-GAAP gross profit, (ii) non-GAAP gross margin, (iii) non-GAAP operating expense, (iv) non-GAAP research and development expense, (v) non-GAAP selling, general and administrative expense, (vi) non-GAAP loss from operations, (vii) non-GAAP operating margin, and (viii) non-GAAP net loss and net loss per share. Each of these non-GAAP financial measures are adjusted from GAAP results to exclude certain expenses which are outlined in the “Reconciliation of GAAP Results to Non-GAAP Financial Measures” tables below. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary independently of business performance. We believe these non-GAAP financial measures offer an additional view of our operations that, when coupled with the GAAP results and the reconciliations from corresponding GAAP financial measures, provide a more complete understanding of the results of operations. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP.
Cautionary Statement Regarding Forward-Looking Statements
This press release, including the paragraph headed “Near Term Business Outlook,” includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current indications of customer interest, all of which are based on various assumptions, whether or not identified in this press release. All such statements are based on current expectations of the management of Navitas and are not predictions of actual future performance. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance are beyond the control of Navitas, and forward-looking statements are subject to a number of uncertainties.
Our business is subject to certain risks that could materially and adversely affect our business, financial condition, results of operations, or the value of our securities. These and other risk factors are discussed in the Risk Factors section beginning on our most recent annual report on Form 10-K, as updated in the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements. Examples of some of these risk factors include:
Note Regarding Customer Pipeline and Design Wins
In our investor and other communications we may refer to the terms “customer pipeline” and “design wins” in discussions of potential future business opportunities. Each of these terms, together with information we may disclose about anticipated future business in relation to these terms, constitute “forward-looking statements” as described above and, accordingly, should be interpreted in light of related risks which, if materialized, could cause actual results to differ materially from those indicated from our view of customer pipeline and design wins today. More specifically, “customer pipeline” reflects estimated potential future business based on interest expressed by potential customers for qualified programs, stated in terms of estimated revenue that may be realized over the life of the customer’s end product. A “design win” reflects an end customer’s selection of a Navitas product for a specific production program, stated in terms of revenues that may be realized over the life of the customer’s end product. However, customer pipeline figures and design wins do not represent customer orders or forecasts, are not proxies for backlog or estimates of future revenue, and should not be considered as any other measure or indicator of financial performance. Rather, Navitas uses these terms to indicate the company’s current view of future potential business and related changes across various end markets. Time horizons vary based on product type and application. As a result, actual business realized will depend on several factors, including (i) whether potential customers ultimately choose the Navitas solution, (ii) the portion of the customer program awarded to the Navitas solution as compared to other sources in dual- or multiple-source cases, (iii) successful customer qualification of the selected solution, (iv) the time needed for customers to begin mass production, (v) the duration and pace of the customer’s ramp to full production, and (vi) strategic decisions of Navitas throughout the process based on expected revenues, margins and other factors relating to pipeline opportunities and design wins.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Investor Relations Contacts:
Shelton Group
Leanne Sievers | Brett Perry
nvts-ir@sheltongroup.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf8fac24-f1bb-4fbc-99a1-ce14a0c6be95
Continue reading with these related stories
© 2020-2026 StockTitan.net – Your Edge is Information
Information only. Not investment advice.