---
schema_version: "secwatch.filing_event.v1"
accession: "0001821769-24-000118"
form_type: "8-K"
ticker: "NVTS"
cik: "0001821769"
company_name: "Navitas Semiconductor Corp"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:15:32.851213+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Navitas Q3 revenue $21.7M, flat YoY; non-GAAP loss widens; cost cuts and new GaN platform

## Summary
- Revenue $21.7M (-1.4% YoY, +5.9% QoQ); GAAP operating loss $29.0M vs $28.6M YoY.
- Non-GAAP operating loss $12.7M, wider than $8.7M in Q3 2023; cash $98.6M.
- New 80-200V GaN platform for 48V AI data center, EV, robotics; strategic dual-sourcing with Infineon.
- Cost reduction plan: 14% headcount reduction (~45 employees), expected $2M quarterly savings.
- Q4 guidance: revenue $18-20M; non-GAAP gross margin ~40%; operating expenses ~$20.5M.

## SEC filing metadata
- accession: 0001821769-24-000118
- form_type: 8-K
- ticker: NVTS
- cik: 0001821769
- company_name: Navitas Semiconductor Corp
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000118/0001821769-24-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821769/000182176924000118/i-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821769-24-000118
- JSON: https://secwatch.observer/filing/0001821769-24-000118.json
- Plain text: https://secwatch.observer/filing/0001821769-24-000118.txt

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