NVTS Stock Forecast & Price Target

Navitas Semiconductor is poised for significant growth driven by strengthening demand in utility-scale renewables, data centers, and industrial electrification, with management projecting a Non-GAAP gross margin of approximately 38.5%. The company's strategic shift away from mobile markets towards high-value sectors, particularly in data center applications, is expected to result in improved profitability and liquidity, boosted by a cash position of around $160 million with no debt. Additionally, the anticipated ramp-up of their solar microinverter program by 2026, alongside the multi-decade electrification trend, positions Navitas to capitalize on favorable market dynamics, indicating a robust outlook for revenue growth in the coming years.

Navitas Semiconductor Corp has reported a significant decline in revenue, with Q3F25 results showing a 53% year-over-year drop and a 30% quarter-over-quarter decrease, largely due to tariff impacts and pricing pressures in the mobile market. The company's forecast for Q4F25 indicates a further substantial decline in revenue, projected at $7.0 million, which represents a 30.7% sequential decrease and a 61.1% year-over-year drop, as it pivots away from low-margin mobile and consumer markets. Additionally, ongoing shifts in strategic focus towards higher-margin applications, coupled with competitive pressures, raise concerns about future revenue stability and market share, particularly as the company anticipates continued declines in mobile revenue into 2026.