Navitas Semiconductor Corp

Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. Its GaN power ICs integrate GaN power with drive, control and protection to enable charging, power density, and energy savings for mobile, consumer, enterprise, eMobility and new energy markets. The company was founded on August 12, 2020 and is headquartered in Torrance, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Navitas Semiconductor excels in Q4, eyes revenue doubling in 2023

Navitas Semiconductor delivered strong financial performance in Q4 and full-year 2022, positioning for continued growth in 2023.
Despite challenges in the mobile market and program delays, the company's strategic strengths and opportunities signal long-term potential.
Focus on diversification, innovation, and partnerships is key to navigating market dynamics and driving future success.
With a solid financial position, expanding market opportunities, and improving margins, Navitas is poised for sustained growth and competitiveness.

Navitas Semiconductor Corp surpasses Q1 expectations, eyes growth in EV and industrial markets

Navitas Semiconductor Corp delivered strong Q1 results, highlighted by exceeding guidance and strategic advancements in key markets. The company's focus on next-generation products like GaN and silicon carbide positions it for future success. While facing challenges in maintaining competitive positioning, Navitas has opportunities to leverage its technology in high-growth sectors.

Navitas Semiconductor posts stellar Q2 results, eyes growth opportunities

Navitas Semiconductor reported strong Q2 performance with revenue growth, margin improvement, and a growing customer pipeline, underpinning its market position and growth prospects.
While facing challenges such as margin moderation and cost pressures, the company remains well-positioned to leverage opportunities in electric vehicles, renewables, and mobile markets.
With a focus on innovation and capacity expansion, Navitas is poised to capitalize on the increasing demand for its GaN and silicon carbide technologies, driving future revenue growth and market penetration.

Navitas Semiconductor achieves record Q3 earnings, poised for growth

Navitas Semiconductor Corp delivered exceptional financial performance in Q3 2023, marked by record revenues, improved gross margins, and a strong growth outlook for 2023.
Despite facing challenges in certain market segments and product transitions, the company's strategic focus on new technologies and market diversification positions it well for future growth and industry leadership.
With a robust product portfolio, key partnerships, and a solid financial foundation, Navitas is poised to capitalize on market opportunities, drive innovation, and maintain its growth trajectory in the semiconductor industry.

Navitas Semiconductor excels in Q4 earnings, eyes growth opportunities

Navitas Semiconductor delivered impressive financial results in Q4 2023, surpassing revenue guidance and achieving significant annual revenue growth, with a positive outlook for 2024.
The company's strengths in key markets, innovative technologies, and strategic partnerships position it well for future growth, despite facing challenges in maintaining margins and meeting revenue projections.
With a focus on GaN and silicon carbide technologies, balanced revenue growth across end markets, and opportunities in emerging sectors, Navitas Semiconductor is poised for continued success and market expansion.

Navitas Semiconductor Corp reports stellar Q1 growth, eyes future profitability

Navitas Semiconductor Corp delivered robust Q1 results with substantial revenue growth attributed to GaN technology adoption. While facing challenges in operational losses and moderated growth expectations for 2024, the company remains optimistic about future revenue prospects and profitability milestones. Navitas is strategically positioned to capitalize on market opportunities and drive continued innovation in GaN technology applications.

Navitas Semiconductor reports robust Q2 growth across key markets

Navitas Semiconductor Corp delivered strong Q2 results, meeting revenue guidance and showcasing a 40% year-on-year increase. The company's focus on GaN and silicon carbide technologies is driving growth across key markets, including AI data centers, electric vehicles, and mobile fast charging.
Despite facing challenges in a competitive industry landscape and operational complexities, Navitas' technological leadership, strong customer relationships, and strategic design wins position it for continued success. The company's emphasis on efficiency and innovation bodes well for future growth and market expansion.
Navitas Semiconductor has a range of opportunities to capitalize on, from expanding in the AI data center and electric vehicle markets to diversifying revenue streams in appliance and industrial segments. By leveraging its strengths and addressing challenges effectively, Navitas is poised to sustain its revenue growth and market leadership.

Navitas Semiconductor Corp achieves record Q3 revenue amidst market challenges

Navitas Semiconductor Corp's Q3 performance reflects strong revenue growth and strategic advancements in key markets. While facing near-term challenges, the company is focused on optimizing costs and capitalizing on growth opportunities in mobile, EV, and AI data centers. With a clear market focus and strategic partnerships, Navitas is poised for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

EL SEGUNDO, Calif., Jan. 12, 2022 /PRNewswire/ -- Navitas Semiconductor (Nasdaq:NVTS), the industry-leader in GaN power ICs has announced its participation in a Jefferies Financial Group's ESG Expert Call, on January 20 th.

Navitas Drives to 'Electrify Our World™' and Reduce CO2 in Jefferies' 'Net Zero' ESG Expert Call Series

EL SEGUNDO, Calif. , Jan. 7, 2022 /PRNewswire/ -- Navitas Semiconductor announced today that its GaNFast™ gallium nitride (GaN) ICs power OPPO's new 50W ultra-thin and ultra-fast 'League of Legions' limited-edition fast charger.

Navitas' Next-Gen GaN IC Powers OPPO's Reno7 Pro 'League of Legends'™ Limited-Edition 50W 'Cookie' Fast Charger

EL SEGUNDO, Calif., Jan. 4, 2022 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs), announced the opening of a new electric vehicle (EV) Design Center, further expanding into higher-power GaN markets.

Navitas Opens World's First GaN IC Design Center Dedicated to Electric Vehicles (EV)

EL SEGUNDO, Calif., Dec. 23, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in GaN power integrated circuits (ICs) has announced that CEO and co-founder Gene Sheridan will be participating with a presentation and 'fire-side chat' at the 24th annual Needham Growth Conference (NGC).

Navitas CEO to "Electrify Our World™" at 24th Needham Growth Conference

EL SEGUNDO, Calif., Dec. 23, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) announced that its GaNFast power ICs with GaNSense technology have been upgraded to increase efficiency, power density, and access additional fast-charger markets.

Navitas GaN ICs: Most Protected, Reliable and Robust Power Semiconductors for Mobile Fast Chargers

EL SEGUNDO, Calif., Dec. 17, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) announced that its GaNFast power ICs were selected by Dell to fast charge their premium Latitude 9000-series laptops.

Navitas GaN Power ICs Fast Charge Dell Latitude Laptops

EL SEGUNDO, Calif., Dec. 15, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) announced that high-power  GaN power IC samples are now available for the first time to data center, solar and electric vehicle (EV) customers worldwide.

Navitas Announces First-Time Availability of GaN power ICs for Data Center, Solar and Electric Vehicle Customers

EL SEGUNDO, Calif., Dec. 10, 2021 /PRNewswire/ -- At CES 2022 Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) will showcase its plans to expand beyond its #1 position in mobile GaN fast chargers, and into higher-power markets including solar, data center and electric vehicles (EVs).

Navitas at CES 2022: "Electrify Our World™" - and Win a Tesla!

EL SEGUNDO, Calif., Dec. 8, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) announced its expansion into higher-power markets with the opening of a new Design Center dedicated to bringing next-generation GaN power ICs and associated high-efficiency, high-power-density systems to enable data centers around the world to upgrade from silicon to GaN, thereby significantly improving energy savings, reducing electricity costs and cutting CO2 emissions.

Navitas Opens New Design Center Focused on Enabling GaN-based Data-Centers

EL SEGUNDO, Calif., Nov. 30, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) announced the conclusion of a prepaid, forward-purchase transaction, resulting in the removal of restrictions affecting $30 million of cash on the company's balance sheet and 3,000,000 outstanding shares of Navitas common stock.

Navitas Semiconductor Successfully Concludes $30,000,000 Forward-Purchase Transaction

EL SEGUNDO, Calif. , Nov. 29, 2021 /PRNewswire/ -- Navitas Semiconductor today announced details of how its gallium nitride (GaN) semiconductors - GaNFast™ power ICs with GaNSense™ technology - are used to ultra-fast-charge Xiaomi's new Note 11 Pro+ flagship smartphone.

Navitas Drives Xiaomi's New Ultrafast-Charging Note 11 Pro+ Smartphone

EL SEGUNDO, Calif., Nov. 19, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) has announced that it has been named a CES® 2022 Innovation Awards Honoree for its next-generation GaNFast™ ICs featuring GaNSense™ technology.

Navitas Semiconductor Honored at CES 2022 Innovation Awards

EL SEGUNDO, Calif., Nov. 17, 2021 /PRNewswire/ -- Navitas Semiconductor , the industry leader in GaN power integrated circuits ("ICs") and Anker Innovations , a global leader in fast-charging technology, announced the signing of a new strategic partnership.

Navitas and Anker Sign Strategic Partnership Deal for Next-Gen Mobile Fast Chargers

Jefferies analyst Mark Lipacis initiated coverage of Navitas Semiconductor Corp (NASDAQ:NVTS) with a Buy rating and $24 price target, implying a 22.6% upside.  Navitas' unique position as a supplier of highly integrated, low-cost, high-efficiency GaN-on-Si power chip charging solutions charge three times faster and 40% more efficiently than existing Si technology.

Why Are Navitas Semiconductor Shares Surging Today?

Jefferies bank sings the praises of an Irish semiconductor maker.

Why Navitas Semiconductor Stock Flew 15% Today

EL SEGUNDO, Calif., Nov. 12, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS, NVTSW), the industry-leader in GaN power integrated circuits (ICs) has announced that CEO and co-founder Gene Sheridan will be participating in a high-profile panel event at the ninth annual J.P.

Navitas CEO Inspires 'Beyond Silicon' in J.P. Morgan Global Tech Conference

Gallium nitride (GaN) positioned to replace legacy silicon chips in $13.1B mobile, consumer, EV, solar, and data center market opportunity Gallium nitride (GaN) positioned to replace legacy silicon chips in $13.1B mobile, consumer, EV, solar, and data center market opportunity

Navitas to Showcase Next-Gen Semiconductor Markets at Craig-Hallum Capital Group 12th Annual Alpha Select Conference

EL SEGUNDO, Calif., Nov. 5, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq:NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits ("ICs") has announced the launch of GaNFast™ power ICs with GaNSense technology.

Navitas Introduces Third Generation GaN Power IC with GaNSense™ Technology

EL SEGUNDO, Calif., Nov. 4, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq:NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits ("ICs") has announced that it will take part in Baird's 2021 Global Industrial Conference on November 11 th.

Navitas Highlights Electrification Opportunities for Next-Gen Semiconductors at Baird Global Industrial Conference

Navitas wants to cozy up with smartphone giant Xiaomi.

Why Navitas Semiconductor Stock Jumped on Tuesday

EL SEGUNDO, Calif., Nov. 2, 2021 /PRNewswire/ -- Navitas Semiconductor, the industry leader in GaN power integrated circuits ("ICs") has announced that Dan KINZER, the company's co-founder and Chief Operating Officer / Chief Technology Officer, will host a keynote session at the IEEE WiPDA (Wide Bandgap Power Devices & Applications ) virtual workshop being held from November 7 th to 11th, 2021.

Navitas Keynote GaN Innovations at Prestigious Semiconductor Conference

EL SEGUNDO, Calif., Nov. 1, 2021 /PRNewswire/ -- Navitas Semiconductor, the industry leader in GaN power ICs, highlighted next-generation power and fast-charging advances at the 2021 Xiaomi Portfolio Demo Day, at the Xiaomi Tech Park, Beijing on October 24 th.

Xiaomi & Navitas Align on Future GaN Applications

EL SEGUNDO, Calif., Oct. 26, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report third quarter 2021 financial results after the market close on Tuesday, November 9, 2021.

Navitas Semiconductor to Report Q3 2021 Financial Results on Tuesday, November 9th, 2021

EL SEGUNDO, Calif. , Oct. 25, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in GaN power integrated circuits, has announced its participation in the China Renaissance Investor Conference taking place on October 27 th – 29th (China time).

Navitas (Nasdaq:NVTS) Next-Gen Semiconductor Growth Highlighted at China Renaissance Investor Conference

EL SEGUNDO, Calif., Oct. 20, 2021 /PRNewswire/ -- Navitas Semiconductor ("Navitas"), the industry leader in GaN power ICs, began trading today on the Nasdaq Global Market under the ticker "NVTS".

News for Navitas Semiconductor Corp Stock (NVTS)