---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-23-000174"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:29:32.562269+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navitas Q3 revenue $22M (up 115% YoY); guides Q4 $25-26M

## Summary
- Revenue $22.0M, up 115% YoY and 22% sequentially; GAAP gross margin 32.3%, non-GAAP 42.1%.
- GAAP operating loss $28.6M; non-GAAP operating loss $8.7M. Cash $176.7M.
- Q4 guidance: revenue $25.0-$26.0M, gross margin ~42.5%, operating expenses ~$20.0M.
- New platforms: GaNSafe, Gen-4 GaNSense, Gen-3 Fast SiC, and bi-directional GaN for high-power markets.
- Customer wins: Xiaomi, Oppo, Samsung; GaN adoption in mobile chargers and new EV OBC platform.

## SEC filing metadata
- accession: 0001821769-23-000174
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2023-11-09T23:59:59+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/1821769/000182176923000174/0001821769-23-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000174/i-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-23-000174
- JSON: https://secwatch.observer/filing/0001821769-23-000174.json
- Plain text: https://secwatch.observer/filing/0001821769-23-000174.txt

## Key facts
- Earnings Releases
  Navitas Semiconductor Corp reported third quarter ended September 30, 2023 results: revenue $22.0 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $22.0 million
  - Result: reported results
  source text: across GaN and SiC. We expect Navitas’ revenues to far exceed market growth rates in 2024 and for years to come.” Financial Highlights • Revenue: Total revenue grew to $22.0 million in the third quarter of 2023, a 115% increase from $10.2 million in the third quarter of 2022 and a 22% increase from $18.1 million in the second quarter of 2023. • Gross Margin:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821769/000182176923000174/0001821769-23-000174-index.htm

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