Navitas Semiconductor Corp

Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. Its GaN power ICs integrate GaN power with drive, control and protection to enable charging, power density, and energy savings for mobile, consumer, enterprise, eMobility and new energy markets. The company was founded on August 12, 2020 and is headquartered in Torrance, CA.

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Navitas Semiconductor excels in Q4, eyes revenue doubling in 2023

Navitas Semiconductor delivered strong financial performance in Q4 and full-year 2022, positioning for continued growth in 2023.
Despite challenges in the mobile market and program delays, the company's strategic strengths and opportunities signal long-term potential.
Focus on diversification, innovation, and partnerships is key to navigating market dynamics and driving future success.
With a solid financial position, expanding market opportunities, and improving margins, Navitas is poised for sustained growth and competitiveness.

Navitas Semiconductor Corp surpasses Q1 expectations, eyes growth in EV and industrial markets

Navitas Semiconductor Corp delivered strong Q1 results, highlighted by exceeding guidance and strategic advancements in key markets. The company's focus on next-generation products like GaN and silicon carbide positions it for future success. While facing challenges in maintaining competitive positioning, Navitas has opportunities to leverage its technology in high-growth sectors.

Navitas Semiconductor posts stellar Q2 results, eyes growth opportunities

Navitas Semiconductor reported strong Q2 performance with revenue growth, margin improvement, and a growing customer pipeline, underpinning its market position and growth prospects.
While facing challenges such as margin moderation and cost pressures, the company remains well-positioned to leverage opportunities in electric vehicles, renewables, and mobile markets.
With a focus on innovation and capacity expansion, Navitas is poised to capitalize on the increasing demand for its GaN and silicon carbide technologies, driving future revenue growth and market penetration.

Navitas Semiconductor achieves record Q3 earnings, poised for growth

Navitas Semiconductor Corp delivered exceptional financial performance in Q3 2023, marked by record revenues, improved gross margins, and a strong growth outlook for 2023.
Despite facing challenges in certain market segments and product transitions, the company's strategic focus on new technologies and market diversification positions it well for future growth and industry leadership.
With a robust product portfolio, key partnerships, and a solid financial foundation, Navitas is poised to capitalize on market opportunities, drive innovation, and maintain its growth trajectory in the semiconductor industry.

Navitas Semiconductor excels in Q4 earnings, eyes growth opportunities

Navitas Semiconductor delivered impressive financial results in Q4 2023, surpassing revenue guidance and achieving significant annual revenue growth, with a positive outlook for 2024.
The company's strengths in key markets, innovative technologies, and strategic partnerships position it well for future growth, despite facing challenges in maintaining margins and meeting revenue projections.
With a focus on GaN and silicon carbide technologies, balanced revenue growth across end markets, and opportunities in emerging sectors, Navitas Semiconductor is poised for continued success and market expansion.

Navitas Semiconductor Corp reports stellar Q1 growth, eyes future profitability

Navitas Semiconductor Corp delivered robust Q1 results with substantial revenue growth attributed to GaN technology adoption. While facing challenges in operational losses and moderated growth expectations for 2024, the company remains optimistic about future revenue prospects and profitability milestones. Navitas is strategically positioned to capitalize on market opportunities and drive continued innovation in GaN technology applications.

Navitas Semiconductor reports robust Q2 growth across key markets

Navitas Semiconductor Corp delivered strong Q2 results, meeting revenue guidance and showcasing a 40% year-on-year increase. The company's focus on GaN and silicon carbide technologies is driving growth across key markets, including AI data centers, electric vehicles, and mobile fast charging.
Despite facing challenges in a competitive industry landscape and operational complexities, Navitas' technological leadership, strong customer relationships, and strategic design wins position it for continued success. The company's emphasis on efficiency and innovation bodes well for future growth and market expansion.
Navitas Semiconductor has a range of opportunities to capitalize on, from expanding in the AI data center and electric vehicle markets to diversifying revenue streams in appliance and industrial segments. By leveraging its strengths and addressing challenges effectively, Navitas is poised to sustain its revenue growth and market leadership.

Navitas Semiconductor Corp achieves record Q3 revenue amidst market challenges

Navitas Semiconductor Corp's Q3 performance reflects strong revenue growth and strategic advancements in key markets. While facing near-term challenges, the company is focused on optimizing costs and capitalizing on growth opportunities in mobile, EV, and AI data centers. With a clear market focus and strategic partnerships, Navitas is poised for future growth.

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Navitas Semiconductor Corporation (NVTS) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.06 per share a year ago.

Navitas Semiconductor Corporation (NVTS) Reports Q4 Loss, Tops Revenue Estimates

Posts Q4 revenue of $26 million, up 111% year over year and 19% sequentially Delivers $79.5 million full year revenue, up 109% from prior year Significant new wins in AI data centers, home appliances, solar inverters and internet satellite drive growth outlook for 2024 TORRANCE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), the industry leader in next-generation power semiconductors, today announced unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results

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Next-gen gallium nitride (GaNFast™) technology enables “Super-Fast Charging” (SFC) Next-gen gallium nitride (GaNFast™) technology enables “Super-Fast Charging” (SFC)

Navitas Powers Samsung Galaxy S24 with Integrated AI

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A decade (2014-2024) of pioneering power semiconductor inspirations and introductions, with record financial growth, on a mission to “Electrify Our World™” A decade (2014-2024) of pioneering power semiconductor inspirations and introductions, with record financial growth, on a mission to “Electrify Our World™”

Navitas Celebrates Ten Years of Electrifying Next-Gen Power Innovations

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Navitas Semiconductor showcased its superior SiC technology compared to competitors, offering better performance and reliability. The company demonstrated its investments and strength in the data center and EV segments. Navitas grew its customer pipeline by 65% to $1.25 billion as of December 2023, with strong growth across multiple segments.

Navitas Semiconductor: Strong Growth Underpinned By Growing Pipeline

Navitas Semiconductor reported impressive YoY revenue growth of 109.8% and expects further growth in the next quarter. The company has a $1.25 billion pipeline of upcoming production programs, indicating strong momentum and expansion into key sectors. GaN technology can enhance the efficiency and density of power supplies in data centers, presenting a significant opportunity for Navitas.

Navitas: A Leader In GaN Technology For The Data Center

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Navitas to showcase the path to a fully-electrified planet and how next-gen GaN and SiC power semis address a diverse $22B/yr market, with an exciting, informative, in-person experience Navitas to showcase the path to a fully-electrified planet and how next-gen GaN and SiC power semis address a diverse $22B/yr market, with an exciting, informative, in-person experience

Welcome to “Planet Navitas” at Premier Power Electronics Conference, APEC 2024

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Navitas and SHINRY Accelerate New-Energy Vehicle Developments with Next-Gen Power Semiconductors

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TORRANCE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, announced the appointment of Janet Chou as Executive Vice President, Chief Financial Officer and Treasurer, effective upon the filing of Navitas' 2023 annual report on Form 10‑K expected at the end of February.

Navitas Semiconductor Names Janet Chou Chief Financial Officer

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Customer pipeline Up 65% to $1.25B, target to Grow 6x-10x market rate, with leading-edge GaN & SiC Customer pipeline Up 65% to $1.25B, target to Grow 6x-10x market rate, with leading-edge GaN & SiC

Navitas Opening Ceremony and Investor Day 2023 at Torrance HQ

Navitas was ranked 72nd in Deloitte Technology Fast 500 after its revenue growth of 2,129% from 2019 to 2022. As revenues grew 115% in 3Q23, operating expenses grew only 26%, providing strong operating leverage as the company scales up. Navitas currently has $177 million of cash on its balance sheet and zero debt, which is expected to be sufficient for the company to reach operating breakeven.

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Executives to review next-gen GaN & SiC technology, customer pipeline, and financial outlook Executives to review next-gen GaN & SiC technology, customer pipeline, and financial outlook

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Next-gen GaNFast™ technology charges NIO's first ever phone, with optimized "Vehicle-to-Person” (V2P) integration Next-gen GaNFast™ technology charges NIO's first ever phone, with optimized "Vehicle-to-Person” (V2P) integration

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Ranking recognizes growth driven by strong demand for next-gen GaN and SiC power semis in EV, solar, appliance / industrial, data center and mobile Ranking recognizes growth driven by strong demand for next-gen GaN and SiC power semis in EV, solar, appliance / industrial, data center and mobile

News for Navitas Semiconductor Corp Stock (NVTS)