Navitas Semiconductor Corporation
- Open
- 11.06
- Day high
- 11.38
- Day low
- 10.93
- Prev close
- 11.21
- Volume
- 6.1M
- Mkt cap
- $2.9B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 3.7
- P/S
- 80.4
- Yield
- —
- Per share
- —
Navitas Semiconductor Corporation (NVTS) is a Technology company listed on NASDAQ. The stock is up 93% over the past year. Drillr has 1 published research article covering NVTS.
Navitas Semiconductor Corporation (NVTS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NVTS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 27, 2026 | $-0.04 | $-0.04 | +5.9% | $11M | +5.6% |
| May 5, 2026 | $-0.05 | $-0.04 | +20.0% | $9M | +4.6% |
| Feb 24, 2026 | $-0.05 | $-0.05 | +0.0% | $7M | -5.0% |
| Apr 30, 2025 | — | $-0.21 | — | $18M | — |
| May 9, 2024 | $-0.05 | $-0.06 | -10.6% | $23M | -2.7% |
| Nov 9, 2023 | $-0.05 | $-0.04 | +20.0% | $22M | +4.7% |
| Aug 14, 2023 | $-0.07 | $-0.05 | +28.6% | $18M | +9.5% |
| May 15, 2023 | $-0.08 | $-0.07 | +12.5% | $13M | +8.6% |
| Aug 15, 2022 | $-0.09 | $-0.07 | +22.2% | $9M | +2.2% |
| May 12, 2022 | $-0.08 | $-0.08 | +0.0% | $7M | +3.6% |
| Mar 31, 2022 | — | $-1.23 | — | $7M | — |
| Aug 12, 2021 | — | $-0.89 | — | $5M | — |
NVTS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Saluja Dipenderdirector | Grant | 951 | $13.15 |
| Aug 26, 2026 | Saluja Dipenderdirector | Grant | 9,990 | — |
| Aug 26, 2026 | LEE DAVINdirector | Grant | 9,990 | — |
| Aug 26, 2026 | HENDRIX RICHARD Jdirector | Grant | 9,990 | — |
| Aug 26, 2026 | Fischer Gregory Michaeldirector | Grant | 9,990 | — |
| Aug 26, 2026 | Amoruso Cristianodirector | Grant | 9,990 | — |
| Aug 26, 2026 | Wunderlich Gary Kent JRdirector | Grant | 9,990 | — |
| Aug 26, 2026 | LONG BRIANdirector | Grant | 9,990 | — |
| Aug 26, 2026 | Moxam Daviddirector | Grant | 9,990 | — |
| Aug 3, 2026 | Saluja Dipenderdirector | Grant | 951 | $13.15 |
| Aug 3, 2026 | Saluja Dipenderdirector | Grant | 864 | $14.47 |
| May 29, 2026 | HENDRIX RICHARD Jdirector | Sell | 75,000 | $29.34 |
| May 29, 2026 | HENDRIX RICHARD Jdirector | Sell | 33,649 | $29.66 |
| May 29, 2026 | HENDRIX RICHARD Jdirector | Sell | 35,165 | $28.14 |
| May 29, 2026 | Wunderlich Gary Kent JRdirector | Sell | 73,000 | $28.11 |
Source: NVTS SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full NVTS insider & 13F page →Navitas Semiconductor Corporation company profile
Overview
Navitas Semiconductor Corporation (NASDAQ:NVTS) is an Irish-based semiconductor company founded in 2013 that designs, develops, and manufactures gallium nitride (GaN) and silicon carbide (SiC) power integrated circuits. The company went public in October 2021 and has positioned itself as a pioneer in next-generation power semiconductor technologies. Navitas operates globally with significant presence in China, the United States, Taiwan, and Korea, targeting high-growth markets including electric vehicles, artificial intelligence data centers, mobile devices, and renewable energy applications.
Business
Navitas operates in the power semiconductor industry, which forms the backbone of modern electronic devices by converting and managing electrical power efficiently. The company specializes in two advanced semiconductor technologies that represent significant improvements over traditional silicon-based power chips. Gallium Nitride (GaN) Power ICs represent the company's flagship technology. GaN is a wide bandgap semiconductor material that enables power conversion devices to operate at higher frequencies, voltages, and temperatures while maintaining superior efficiency compared to traditional silicon chips. Navitas' GaN integrated circuits are packaged as complete power management solutions under the GaNSafe brand, incorporating protection circuits, drivers, and control logic in a single chip. These devices are primarily used in fast chargers for mobile devices, laptop adapters, data center power supplies, and emerging applications in electric vehicle onboard chargers. Silicon Carbide (SiC) Power Devices form the company's second major product line, acquired through the 2022 purchase of GeneSiC Semiconductor. Silicon carbide is another wide bandgap material particularly suited for high-power, high-voltage applications. Navitas' SiC products operate across voltage ranges from 650V to 6,500V and are primarily targeted at electric vehicle charging infrastructure, solar inverters, industrial motor drives, and grid-tied energy storage systems. The company's revenue breakdown shows mobile and consumer applications historically representing approximately 40-50% of sales, with electric vehicles, solar/energy storage, industrial applications, and data centers each contributing 10-20% of revenues. However, management expects this mix to become more balanced as newer markets mature, with particular growth anticipated in AI data centers and electric vehicle applications.
Revenue model
Navitas generates revenue through direct product sales of its semiconductor chips to original equipment manufacturers (OEMs) and their contract manufacturers. The company operates a fabless business model, meaning it designs the chips but outsources manufacturing to specialized foundries, primarily in Asia. The company's customers include major technology companies across multiple sectors. In mobile devices, Navitas supplies power management chips to manufacturers of smartphones, laptops, and consumer electronics. For electric vehicles, the company works with automotive OEMs and Tier-1 suppliers developing onboard chargers and charging infrastructure. In data centers, Navitas partners with power supply manufacturers serving hyperscale cloud providers and AI companies. The solar and industrial segments include manufacturers of inverters, motor drives, and energy storage systems. Navitas' business model benefits from several factors that can expand margins. The company's integrated circuit approach, particularly with GaNSafe technology, commands premium pricing compared to discrete semiconductor solutions due to higher performance and reliability. As production volumes increase, the company achieves better economies of scale with foundry partners. The shift toward higher-power applications in data centers and electric vehicles also supports margin expansion, as these markets typically accept higher prices for superior performance. However, several factors pose margin pressure risks. The semiconductor industry is cyclical, with periodic downturns affecting demand and pricing power. Increased competition from larger semiconductor companies entering GaN and SiC markets could pressure pricing. Supply chain constraints or foundry capacity limitations can increase manufacturing costs. Additionally, the company's heavy investment in research and development, while necessary for maintaining technology leadership, creates ongoing operating expense pressure that must be offset by revenue growth.
Competitive moat
Navitas possesses a moderate but narrowing competitive moat based primarily on technological leadership and intellectual property. The company's strongest defensive position lies in its GaNSafe integrated circuit technology, which combines power switching, protection, and control functions in a single chip. This integration approach provides reliability advantages over discrete GaN solutions and has enabled Navitas to achieve an industry-leading failure rate of 100 parts per billion across 250 million shipped units. The company's patent portfolio exceeding 300 patents provides some protection, particularly in GaN integration techniques and bidirectional power conversion technologies. Navitas also benefits from first-mover advantages in several applications, having established design wins with major OEMs that create switching costs for customers once products enter production. However, the company's moat faces significant challenges. Large semiconductor incumbents including Infineon, Texas Instruments, and others are aggressively entering GaN and SiC markets with substantial R&D resources. The company's strategic partnership with Infineon, while providing near-term benefits through dual-sourcing arrangements, also validates the competitive threat from established players. In silicon carbide, the market is becoming increasingly commoditized with multiple suppliers offering similar performance characteristics. The power semiconductor industry's cyclical nature and price sensitivity also limit Navitas' ability to maintain premium pricing over time. As GaN and SiC technologies mature and manufacturing scales increase across the industry, the company's technological advantages may erode unless it continues to innovate at a pace that outstrips larger competitors with deeper resources.
Risks & safety
Navitas maintains a strong balance sheet with substantial cash reserves but faces ongoing profitability challenges that create moderate financial risk. • Liquidity Position: $75 million in cash and short-term investments as of Q1 2025, providing approximately 5-6 quarters of operating runway at current burn rates • Debt Level: Minimal debt with debt-to-equity ratio of 2.0%, indicating very low financial leverage and solvency risk • Cash Burn: Quarterly operating cash flow burn of approximately $13-15 million, with free cash flow burn slightly higher due to capital expenditures • Valuation Metrics: Trading at negative P/E due to losses, but price-to-book ratio of 1.1x suggests reasonable valuation relative to tangible assets • Operational Metrics: Current ratio of 5.6x indicates strong short-term liquidity, though persistent negative EBITDA of -$18 million quarterly raises concerns about path to profitability • Other Considerations: Management targets EBITDA breakeven in 2026, but execution risk remains high given competitive pressures and market cyclicality
Recent development
Navitas has undergone significant strategic evolution over the past few years, transitioning from a primarily mobile-focused GaN company to a diversified power semiconductor provider targeting high-growth markets. The company's most significant development was the 2022 acquisition of GeneSiC Semiconductor, which added silicon carbide capabilities and expanded its addressable market from approximately $4 billion to $23 billion. In technology development, Navitas has launched several key innovations including the industry's first bidirectional GaN IC capable of both power conversion and energy recovery, which addresses emerging applications in energy storage and vehicle-to-grid systems. The company has also achieved automotive qualification for its GaNSafe technology to AEC-Q101 standards, enabling penetration into electric vehicle markets. Recent developments include new low-voltage GaN technologies for 48V systems and high-frequency soft switching PFC technology targeting data center applications with 99% peak efficiency. Strategically, Navitas has pivoted toward three primary growth markets: AI data centers, electric vehicles, and mobile devices. In data centers, the company has grown from 20 customer projects in 2023 to over 75 active projects, with power supply designs ranging from 2.7kW to 12kW targeting AI training and inference workloads. The electric vehicle segment has expanded to over 200 active customer projects with a pipeline valued at $900 million, including the company's first GaN design win with Changan Auto, China's third-largest EV manufacturer. Organizationally, the company has implemented cost reduction measures including a 14% workforce reduction in 2024 and separation of chairman and CEO roles. The company has also established a strategic partnership with Infineon for dual-sourcing arrangements, which provides customer supply chain security while validating Navitas' technology approach.
NVTS company profile · for informational purposes only — not investment advice.
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