---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-23-000131"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:26:12.064603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navitas Q2 revenue $18.1M (+110% YoY); customer pipeline tops $1B

## Summary
- Revenue $18.1M vs $8.6M in Q2 2022 (+110% YoY) and $13.4M in Q1 2023 (+35% QoQ).
- GAAP gross margin 41.5%, flat YoY; GAAP operating loss $27.2M; non-GAAP op. loss $9.6M.
- Customer pipeline grew 30% to over $1B, with growth across EV, data center, and solar.
- Q3 guidance: revenue ~$21M (+/-2%), gross margin flat, opex $18.5-19.5M (ex-stock comp).
- Cumulative shipments surpass 100M GaN and 12M SiC devices; Investor Day Nov 30.

## SEC filing metadata
- accession: 0001821769-23-000131
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2023-08-14T23:59:59+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/1821769/000182176923000131/0001821769-23-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000131/i-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-23-000131
- JSON: https://secwatch.observer/filing/0001821769-23-000131.json
- Plain text: https://secwatch.observer/filing/0001821769-23-000131.txt

## Key facts
- Earnings Releases
  Navitas Semiconductor Corp reported second quarter ended June 30, 2023 results: revenue $18.1 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $18.1 million
  - Result: reported results
  source text: pipeline across all key markets including EV, renewable energy, data center, appliance/industrial and mobile segments.” Financial Highlights • Revenue: Total revenue grew to $18.1 million in the second quarter of 2023, a 110% increase from $8.6 million in the second quarter of 2022 and a 35% increase from $13.4 million in the first quarter of 2023. • Gross Margin:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000131/0001821769-23-000131-index.htm

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