Navitas Q2 revenue $20.5M (+13% YoY), GAAP op loss $31.1M; guides Q3 rev ~$22M

Navitas Semiconductor Corp

2024-Q2 EPS reported -$0.14 revenue$43,643,000

Q2 revenue $20.5M, up 13% YoY from $18.1M; GAAP loss from ops $31.1M vs $27.2M.
Non-GAAP loss from ops $13.3M vs $9.6M; cash $112M, no debt.
Q3 revenue guidance $22.0M ± $0.5M, non-GAAP gross margin ~40%, non-GAAP opex ~$21.5M.
AI data center customer pipeline doubled since Dec '23, over 60 projects; 7 new design wins in Q2.
Mobile GaN adoption growing; Navitas powers chargers for Samsung Galaxy Z Flip6, Z Fold6, all A-series.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.