---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-23-000087"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:28:57.193017+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navitas Q1 revenue $13.4M, doubles YoY; GAAP gross margin 41.1%; sees Q2 revenue $16-17M

## Summary
- Revenue $13.4M for Q1 2023, ~100% YoY growth and +8% QoQ.
- GAAP gross margin 41.1%, up from 40.6% Q4 2022; GAAP loss from ops $35.5M.
- GAAP loss per share $(0.39); non-GAAP loss per share $(0.07).
- Q2 2023 revenue guidance $16-17M; full-year 2023 revenue still expected to double YoY.
- Customer pipeline $760M; backlog grew 50% in quarter; strong growth in EV, solar, data center.

## SEC filing metadata
- accession: 0001821769-23-000087
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/0001821769-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/i-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-23-000087
- JSON: https://secwatch.observer/filing/0001821769-23-000087.json
- Plain text: https://secwatch.observer/filing/0001821769-23-000087.txt

## Key facts
- Earnings Releases
  Navitas Semiconductor Corp reported first quarter ended March 31, 2023 results: revenue Net revenues for the first quarter of 2023 increased to $13.4 million, EPS GAAP loss per diluted share was $(0.39), Non-GAAP loss per diluted share was $(0.07).
  - Period: first quarter ended March 31, 2023
  - Revenue: Net revenues for the first quarter of 2023 increased to $13.4 million
  - EPS: GAAP loss per diluted share was $(0.39), Non-GAAP loss per diluted share was $(0.07)
  - Result: reported results
  source text: Net revenues for the first quarter of 2023 increased to $13.4 million, approximately double from the first quarter of 2022 and up 8% from the fourth quarter of 2022. GAAP and non-GAAP gross margin for the first quarter of 2023 increased to 41.1%, compared to 40.6% for the fourth quarter of 2022. GAAP loss from operations for the first quarter was $35.5 million, compared to a loss of $31.3 million in the fourth quarter of 2022. On a non-GAAP basis the loss from operations for the quarter was $12.3 million, consistent with fourth quarter 2022 performance. GAAP loss per diluted share was $(0.39), compared to a GAAP income of $0.61 per diluted share in the first quarter of 2022. Non-GAAP loss per diluted share was $(0.07), compared to a non-GAAP loss of $(0.08) per diluted share in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/0001821769-23-000087-index.htm
- Earnings Releases
  Navitas Semiconductor Corp reported Second quarter 2023 results: revenue expected to increase in the range of $16 million to $17 million. Guidance initiated.
  - Period: Second quarter 2023
  - Revenue: expected to increase in the range of $16 million to $17 million
  - Guidance: initiated
  - Result: guidance update
  source text: Second quarter 2023 net revenues are expected to increase in the range of $16 million to $17 million, and full-year 2023 revenue is still expected to double compared to 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000087/0001821769-23-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.