Highest-materiality recent filing
Navitas Semiconductor raises $122M net via ATM equity offering; program fully sold
Entered into Sales Agreement with Craig-Hallum and UBS for ATM offering of up to $125M in common stock.
Navitas Semiconductor enters $125M ATM equity offering; terminates prior Jefferies sales agreement
Entered Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC for ATM offering of up to $125M of Class A common stock.
Navitas Q1 revenue $8.6M (+18% sequential); new CFO Tonya Stevens appointed
Q1 GAAP gross margin (9.3%) vs (17.2%) prior quarter; non-GAAP gross margin 39.0% (up 30 bps).
CFO Todd Glickman to leave; will serve as consultant through March 30, 2026.
Navitas Semiconductor CFO Todd Glickman departs; search underway for successor
Todd Glickman stepping down as Senior VP, CFO and Treasurer by mutual decision to pursue new opportunities.
Navitas Q4 2025 revenue $7.3M, down 59% YoY; guides Q1 growth to $8.0-8.5M
Q4 revenue $7.3M vs $18.0M YoY; full-year revenue $39.4M, down 45% from $71.1M in 2024.
Navitas partners with GlobalFoundries for US-based GaN manufacturing; production late 2026
Long-term strategic partnership announced Nov 20, 2025 with GlobalFoundries (GFS).
Navitas Semiconductor raises $100M via private placement of 14.8M shares at $6.75/share
Issued 14,814,813 shares of Class A common stock at $6.75 per share, gross proceeds ~$100M.
Navitas raises $100M in private placement of common stock at $6.75/share
Navitas Semiconductor priced 14.8M shares of Class A common stock at $6.75/share, raising ~$100M gross proceeds.
Navitas Q3 revenue plunges 53% YoY to $10.1M; guides Q4 to ~$7.0M amid pivot
Q3 revenue $10.1M, down 53% YoY from $21.7M and 30% sequentially from $14.5M.
Navitas Semiconductor names Chris Allexandre CEO effective Sept 1; founder Sheridan resigns
Chris Allexandre succeeds founder Gene Sheridan as President and CEO, effective Sept 1, 2025; Sheridan leaves Board Aug 31.
Navitas Q2 revenue falls to $14.5M; pivots to AI data centers with NVIDIA, raises $100M
Q2 revenue $14.5M, down 29% YoY from $20.5M; GAAP loss from ops $21.7M, non-GAAP loss $10.6M.
Navitas partners with PSMC for 200mm GaN production; TSMC to exit GaN by July 2027
TSMC, Navitas' sole GaN wafer source, will cease GaN production in July 2027.
Navitas Semiconductor collaborates with Nvidia on 800V HVDC architecture for AI data centers
Collaboration with Nvidia on 800V HVDC architecture for next-gen AI data centers.
Navitas Q1 revenue $14.0M, down 40% YoY; Q2 guidance $14-15M
Revenue $14.0M vs $23.2M YoY and $18.0M prior quarter.
Navitas Semiconductor restructures board, appoints new Chair, CTO/COO exits
CEO Gene Sheridan steps down as Chair; independent director Richard Hendrix appointed Chair, effective immediately.
Navitas Semiconductor dismisses auditor Moss Adams, appoints KPMG; material weaknesses remain
On March 28, 2025, Navitas dismissed Moss Adams as independent auditor; Audit Committee approved KPMG on March 27.
Navitas Semiconductor enters $50M at-the-market equity offering with Jefferies
Entered into Open Market Sale Agreement with Jefferies LLC for up to $50M in Class A common stock.
Navitas Q4 revenue $18M (-31% YoY); FY24 revenue $83.3M (+5%); Q1 guidance $13-15M
GAAP operating loss Q4 $39M vs $26.8M YoY; non-GAAP loss $12.7M vs $9.7M YoY.
Navitas Q3 revenue $21.7M, flat YoY; non-GAAP loss widens; cost cuts and new GaN platform
Revenue $21.7M (-1.4% YoY, +5.9% QoQ); GAAP operating loss $29.0M vs $28.6M YoY.
CFO Janet Chou to resign Oct 4; Todd Glickman named Interim CFO
Janet Chou resigns as CFO/Treasurer effective Oct 4, 2024 for personal reasons; not related to financial disclosures.
Navitas Q2 revenue $20.5M (+13% YoY), GAAP op loss $31.1M; guides Q3 rev ~$22M
Q2 revenue $20.5M, up 13% YoY from $18.1M; GAAP loss from ops $31.1M vs $27.2M.
Navitas Q1 revenue up 73% YoY to $23.2M; non-GAAP loss narrows to $11.8M
Revenue $23.2M (+73% YoY); GAAP loss from ops $31.6M improved from $35.5M; non-GAAP loss $11.8M from $12.3M.
Navitas Q4 revenue $26.1M (+111% YoY), FY revenue $79.5M (+109% YoY)
Q4 revenue $26.1M, up 111% YoY and 19% sequentially; GAAP gross margin 42.2% (up from 40.6% YoY).
Navitas Semiconductor appoints Janet Chou CFO; Ron Shelton to leave March 15, 2024
CFO Ron Shelton departs March 15, 2024; will stay through Form 10-K filing expected Feb 2024.
Navitas Q3 revenue $22M (up 115% YoY); guides Q4 $25-26M
Revenue $22.0M, up 115% YoY and 22% sequentially; GAAP gross margin 32.3%, non-GAAP 42.1%.
Navitas Q2 revenue $18.1M (+110% YoY); customer pipeline tops $1B
Revenue $18.1M vs $8.6M in Q2 2022 (+110% YoY) and $13.4M in Q1 2023 (+35% QoQ).
On June 9, 2026, Dr. Ranbir Singh resigned as a member of the board of directors (the “Board”) of Navitas Semiconductor Corporation (the “Company”), effective immediately.
the Board of Directors (the “Board”) of Navitas Semiconductor Corporation (the “Company”) appointed Davin D. Lee to serve as a Class III director of the Board, effective April 30, 2026
On May 8, 2025, the board of directors of Navitas Semiconductor Corporation (the “Company”) appointed Cristiano Amoruso as a director of the Company.
Mr. Kinzer’s resignation from the Board was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
In connection with Mr. Kinzer’s resignation of his executive roles, and provided he executes a customary release of claims in favor of the Company, Mr. Kinzer will be entitled to receive the payments and benefits payable in the event of his resignation for Good Reason, as that term is defined in Mr. Kinzer’s employment agreement and the Navitas Semiconductor Executive Severance Plan, including a lump-sum payment equal to 12 months of his base salary, 12 months’ continued health care coverage, and a pro rata annual bonus reflecting the portion of the calendar year during which he was employed.
the appointment of Todd Glickman, Senior Vice President, Finance, as Interim Chief Financial Officer and Treasurer, effective October 4, 2024.
Janet Chou, who announced her intention to resign as CFO and Treasurer of the Company, effective October 4, 2024.
On January 9, 2024, Ron Shelton, Senior Vice President, Chief Financial Officer and Treasurer of Navitas Semiconductor Corporation (“Navitas” or the “Company”), announced his intention to pursue other opportunities effective March 15, 2024.
On January 10, 2024, the Company announced the appointment of Janet Chou as Executive Vice President, Chief Financial Officer and Treasurer, effective upon the filing of the Company’s annual report on Form 10‐K for the year ended December 31, 2023, which is expected on or before February 29, 2024.
On August 15, 2022, in connection with its acquisition of GeneSiC Semiconductor Inc. (“GeneSiC”), described in Item 1.01 of this Form 8-K, Navitas Semiconductor Corporation (“Navitas”) appointed Dr. Ranbir Singh as Executive Vice President for the GeneSiC business, reporting to President and CEO Gene Sheridan.
Todd Glickman, Senior Vice President, Finance, who served as Navitas’ Interim Chief Financial Officer and Treasurer since October 19, 2021, stopped performing those interim roles effective May 23, 2022.
On May 17, 2022, Navitas Semiconductor Corporation (“Navitas”) appointed Ron Shelton as Senior Vice President, Chief Financial Officer and Treasurer.
Max materiality 0.85 · Median 0.60 · Most common event other_material