Navitas Semiconductor (NASDAQ:NVTS) Releases Earnings Results, Beats Estimates By $0.01 EPS
by Renee Jackson · The Cerbat GemNavitas Semiconductor (NASDAQ:NVTS – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, FiscalAI reports. Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 14.52%. The firm had revenue of $8.60 million for the quarter, compared to the consensus estimate of $8.22 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s quarterly revenue was down 38.7% on a year-over-year basis.
Here are the key takeaways from Navitas Semiconductor’s conference call:
- Management reported Q1 revenue of $8.6 million, up 18% sequentially with the high‑power business now the majority of revenue and management saying high‑power growth was roughly mid‑30% year‑over‑year, driving a 39.0% gross margin (+30 bps).
- Guidance for Q2 calls for continued sequential growth to $10.0M ± $0.5M, non‑GAAP gross margin ~39.25% and flat operating expense, and management expects gradual margin expansion throughout 2026.
- Navitas says it has effectively completed its pivot to “Navitas 2.0,” concentrating on four high‑value markets (AI data center, energy/grid, performance computing, industrial electrification) and expects mobile revenue to be insignificant by year‑end.
- Technology progress and customer engagement accelerated: sampling of 100V/650V GaN and new Gen‑5 1.2kV GeneSiC devices, release of 800V DC/DC reference platforms (e.g., 20kW 800V→6V) and a manufacturing partnership with GlobalFoundries for an 8‑inch GaN pivot in 2027.
- Balance sheet remains healthy with $221M cash and no debt, but the company is still operating at a non‑GAAP operating loss (~$11.7M in Q1); management says break‑even is a priority and may be slightly ahead of prior expectations but gave no firm timeline.
Navitas Semiconductor Price Performance
NVTS traded down $1.54 on Wednesday, reaching $16.01. 19,433,471 shares of the company’s stock were exchanged, compared to its average volume of 26,022,805. The stock has a market cap of $3.70 billion, a PE ratio of -28.04 and a beta of 3.62. Navitas Semiconductor has a twelve month low of $1.83 and a twelve month high of $19.79. The stock’s fifty day moving average price is $10.78 and its 200-day moving average price is $9.94.
Analyst Ratings Changes
Several equities research analysts have weighed in on NVTS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Needham & Company LLC raised their price target on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.70 price target on shares of Navitas Semiconductor in a report on Wednesday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $7.00 price target on shares of Navitas Semiconductor in a report on Thursday, March 12th. Finally, Robert W. Baird raised their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.87.
Check Out Our Latest Report on Navitas Semiconductor
Navitas Semiconductor News Roundup
Here are the key news stories impacting Navitas Semiconductor this week:
- Positive Sentiment: Q1 beat and raised near‑term revenue guide — Navitas reported EPS of ($0.04) vs. ($0.05) expected and revenue of $8.6M vs. ~$8.2M consensus; the company gave Q2 revenue guidance of $9.5M–$10.5M, above Street expectations. Navitas Semiconductor Announces First Quarter 2026 Financial Results
- Positive Sentiment: Analyst upgrade / price‑target uplifts — Needham raised its price target from $13 to $21 and put a Buy rating on NVTS, signaling material upside versus recent levels. Benzinga
- Neutral Sentiment: Q1 earnings call transcript available for details on management commentary and driver updates — useful for gauging demand trends and margin outlook. Q1 2026 Earnings Call Transcript
- Neutral Sentiment: Other analysts remain constructive — Robert W. Baird issued a positive forecast, adding support to the buy-side narrative even as the company transitions product mix. Robert W. Baird Issues Positive Forecast
- Negative Sentiment: Underlying business weakness and poor profitability — revenue declined ~38.7% year‑over‑year, the company reported a negative net margin (~‑254.7%) and negative ROE, which raise questions about near‑term cash flow and the pace of recovery. MarketBeat Q1 Summary
- Negative Sentiment: Sector/end‑market pressure — previews and analyst commentary flagged a steep pullback tied to Navitas’s exit from the mobile market and cyclical weakness in GaN/SiC demand, feeding investor caution. Zacks Earnings Preview
Insider Buying and Selling
In other Navitas Semiconductor news, Director Ranbir Singh sold 389,096 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $9.52, for a total value of $3,704,193.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Chris Allexandre sold 9,236 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares in the company, valued at $7,262,974.39. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 509,016 shares of company stock worth $4,967,814. 29.90% of the stock is owned by insiders.
Hedge Funds Weigh In On Navitas Semiconductor
Several large investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of Navitas Semiconductor by 257.8% in the 4th quarter. Invesco Ltd. now owns 4,737,624 shares of the company’s stock worth $33,827,000 after acquiring an additional 3,413,394 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Navitas Semiconductor by 30.7% in the 4th quarter. NewEdge Advisors LLC now owns 28,533 shares of the company’s stock worth $204,000 after acquiring an additional 6,709 shares during the last quarter. VARCOV Co. acquired a new position in shares of Navitas Semiconductor in the 4th quarter worth approximately $589,000. Engineers Gate Manager LP lifted its holdings in shares of Navitas Semiconductor by 31.2% in the 4th quarter. Engineers Gate Manager LP now owns 233,169 shares of the company’s stock worth $1,665,000 after acquiring an additional 55,459 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Navitas Semiconductor by 41.8% in the 4th quarter. AQR Capital Management LLC now owns 67,495 shares of the company’s stock worth $482,000 after acquiring an additional 19,884 shares during the last quarter. 46.14% of the stock is currently owned by institutional investors and hedge funds.
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.