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

In-depth technical papers extend the boundaries of silicon carbide (SiC) next-gen semiconductor performance across EV, data center, solar and appliance/industrial markets In-depth technical papers extend the boundaries of silicon carbide (SiC) next-gen semiconductor performance across EV, data center, solar and appliance/industrial markets

Navitas' SiC Experts Take Center Stage at ICSCRM 2023

Navitas has positioned itself for growth in the power chip market, particularly in electric vehicles and mobile devices. Navitas has found a niche, solidifying its role as a developer of chips designed on GaN. GaN growth potential is larger than SiC; GaN will exhibit a CAGR of 53.2%, ahead of SiC with a CAGR of 42.5%.

Navitas: GaN Will Grow Faster Than SiC So Buy The Pullback

Navitas Semiconductor Corporation is a pioneering company in next-generation power semiconductors, offering gallium nitride and silicon carbide semiconductors with potential to expand capacity. The company has a healthy balance sheet with no debt and a substantial net cash position of $171 million. Navitas is well-positioned to capture market leadership in GaN and SiC, with a broad portfolio of patents and over 75 million shipped devices already.

Navitas Semiconductor: Don't Miss Out The New Semiconductor Star

Next-gen, integrated GaN platform sets new, enabling industry benchmarks in efficiency, density & reliability for demanding applications Next-gen, integrated GaN platform sets new, enabling industry benchmarks in efficiency, density & reliability for demanding applications

Navitas GaNSafe™: World's Most Protected GaN Power Semiconductor Opens Multi-Billion Dollar Data Center, Solar and EV Opportunities

Next-gen platform expected to set new industry benchmarks in efficiency, density & reliability for data center, solar, EV, and appliance/industrial markets Next-gen platform expected to set new industry benchmarks in efficiency, density & reliability for data center, solar, EV, and appliance/industrial markets

Navitas To Reveal Major Breakthrough in Next-Gen Power Semiconductors at SEMICON Taiwan 2023

Executives to review drivers of $1B pipeline and record revenue, up 110% Executives to review drivers of $1B pipeline and record revenue, up 110%

CORRECTION -- Navitas Semiconductor to Participate in Upcoming Investor US & Asia Conferences

Navitas Semiconductor to Participate in Upcoming Investor US & Asia Conferences

Navitas Semiconductor Corporation (NASDAQ:NVTS ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Stephen Oliver - VP, Corporate Marketing & IR Eugene Sheridan - Co-Founder, CEO, President & Chairman Ronald Shelton - SVP, CFO & Treasurer Conference Call Participants Nathaniel Bolton - Needham & Company Melissa Weathers - Deutsche Bank Kevin Cassidy - Rosenblatt Securities Blake Friedman - Bank of America Merrill Lynch Jack Egan - Charter Equity Research Natalia Winkler - Jefferies Shadi Mitwalli - Craig-Hallum Jonathan Tanwanteng - CJS Securities Operator Good day, and thank you for joining Navitas Semiconductor Second Quarter 2023 Earnings Call. I'd like to turn the call over to Stephen Oliver.

Navitas Semiconductor Corporation (NVTS) Q2 2023 Earnings Call Transcript

TORRANCE, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the second quarter ended June 30, 2023.

Navitas Semiconductor Announces Second Quarter 2023 Financial Results

TORRANCE, Calif., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, has announced participation in a virtual Taiwan Investor Meeting, hosted by MESH.

Navitas “Electrify Our World™” with Next-Gen GaN & SiC Semiconductors at Taiwan Investor Meeting

New gallium nitride (GaN) integrated power ICs deliver high-speed, high-efficiency power in 40% smaller size than best-in-class, legacy silicon solutions for power-hungry AI and Edge computing. New gallium nitride (GaN) integrated power ICs deliver high-speed, high-efficiency power in 40% smaller size than best-in-class, legacy silicon solutions for power-hungry AI and Edge computing.

Navitas GaN CRPS185 3,200 W “Titanium Plus” Server Power Platform Drives the AI Revolution

TORRANCE, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report second quarter 2023 financial results after the market close on Monday, August 14th, 2023. Management will host a conference call and live webcast to present the company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific / 5:00 p.m. Eastern that same evening.

Navitas Semiconductor to Report Q2 2023 Financial Results on Monday, August 14th, 2023

Executives to review $760M customer pipeline, recently completed $92M equity offering Executives to review $760M customer pipeline, recently completed $92M equity offering

Navitas Semiconductor to Participate in Upcoming CJS Securities Conference, White Plains, NY

Detailed simulation of next-gen GeneSiC silicon carbide (SiC) MOSFETs and MPS™ diodes delivers virtual prototyping for accurate system-level designs Detailed simulation of next-gen GeneSiC silicon carbide (SiC) MOSFETs and MPS™ diodes delivers virtual prototyping for accurate system-level designs

Navitas and Plexim Accelerate Time-to-Market with PLECS Models for Next-generation GeneSiC™ Power Semiconductors

Navitas Semiconductor has experienced significant sales growth and is investing in the growing electric vehicle market and power grid. The company is raising capital through share offerings and making strategic investments in manufacturing and product development. Despite potential risks such as technology obsolescence and supply chain disruptions, I considered Navitas stock a favorable investment for growth-oriented investors.

Navitas Semiconductor: The Future Looks Favorable In The Growing Market

Navitas has been on fire this year (over 150% returns YTD); we highlight why this is one of the most exciting stories in the semi universe. Despite high forward valuation multiples, Navitas' expected revenue growth of 95% over the next three years comfortably outpaces competitors in the GaN and SiC markets. Investors should be cautious of potential risks, including the dilution effect, long sales cycles, and its elevated exposure to China.

Key Considerations For Those Contemplating A Position In Navitas Semiconductor

Navitas Semiconductor to Participate in Upcoming London Roth Conference

CommScope Hld

DISH Network

SoundHound AI Inc

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Sizzling ‘Strong Buy' Stocks, Including a Potential AI Home Run, That Fast Money Traders Are Snapping Up Now

Navitas to Present Next-Gen GaN & SiC Semiconductors at Taiwan Investor Meeting

TORRANCE, Calif., June 05, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS) today announced, in connection with its previously announced public offering of 10,000,000 shares of its Class A common stock, the full exercise by the underwriters of their option to purchase 1,500,000 additional shares of Class A common stock at the public offering price of $8.00 per share, resulting in additional gross proceeds to Navitas of $12.0 million, before deducting underwriting discounts and commissions and offering expenses. After giving effect to the full exercise of the option to purchase additional shares, the total number of shares sold by Navitas in the offering increased to 11,500,000 shares. Aggregate gross proceeds, before deducting underwriting discounts and commissions and offering expenses, were $92.0 million. The issuance and sale of the additional shares closed on June 5, 2023.

Navitas Semiconductor Announces Full Exercise of Underwriters' Option to Purchase Additional Shares

TORRANCE, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in next-generation power semiconductors, announced the first in a series of strategic manufacturing investments, to increase control, reduce costs and enhance revenue capacity for its GeneSiC silicon carbide (SiC) power semiconductors.

Navitas Initiates Strategic Manufacturing Investments

Navitas shares soared on a big earnings beat last week. Today, the semiconductor maker is giving most of its gains back as investors react to a big -- and dilutive -- share issuance.

Why Navitas Semiconductor Stock Just Crashed 23%

TORRANCE, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation power semiconductors, announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $8.00 per share. All of the shares in the offering are being offered by Navitas. The gross proceeds to Navitas from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $80.0 million. In addition, Navitas has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on May 26, 2023, subject to the satisfaction of customary closing conditions.

Navitas Semiconductor Announces Pricing of Public Offering of Class A Common Stock

TORRANCE, Calif., May 23, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation power semiconductors, announced today that it has commenced an underwritten public offering of $80.0 million of shares of its Class A common stock. All of the shares in the proposed offering are being offered by Navitas. In addition, Navitas intends to grant the underwriters a 30-day option to purchase up to an additional $12.0 million of shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Navitas Semiconductor Announces Proposed Public Offering of Class A Common Stock

Establishes Navitas as emerging leader in high-growth, next-gen power semiconductors with gallium nitride (GaN) and silicon carbide (SiC) Establishes Navitas as emerging leader in high-growth, next-gen power semiconductors with gallium nitride (GaN) and silicon carbide (SiC)

News for Navitas Semiconductor Corp Stock (NVTS)