earnings
confidence high
sentiment negative
materiality 0.80
Navitas Q2 revenue falls to $14.5M; pivots to AI data centers with NVIDIA, raises $100M
Navitas Semiconductor Corp
2025-Q2 EPS
reported -$0.34
vs consensus -$0.05
▼ miss
(-586.9%)
- Q2 revenue $14.5M, down 29% YoY from $20.5M; GAAP loss from ops $21.7M, non-GAAP loss $10.6M.
- Raised $100M via ~20M share sale; new 8" GaN foundry partnership with Powerchip for lower-cost capacity.
- NVIDIA collaboration for 800V AI data centers across three power stages; samples expected Q4, production 2027.
- Q3 guidance: revenue $10M ±$0.5M, non-GAAP gross margin 38.5%, op. expenses ~$15.5M.
- Sharpening focus on AI data centers and energy infrastructure; reducing reliance on mobile/consumer segments.
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