Navitas Semiconductor Corporation (NVTS) Earnings
Navitas Semiconductor Corporation is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $-0.04. NVTS has beaten EPS estimates in 5 of its last 8 reported quarters (average surprise +7.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| 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 | — |
| May 24, 2021 | — | $-0.37 | — | $5M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Company is focused on high-power markets including AI data center, energy and green infrastructure, performance computing, and industrial electrification. Q1 achieved return to growth with revenue up 18% sequentially driven by high-power markets. Continues to innovate in GAN and high-voltage SIC with R&D efforts. Operational efficiency improved with restructuring action substantially completed and new leadership team in place. Committed to financial discipline with focus on high-power programs.
Guidance
Expect continued sequential growth in Q2 with revenue to $10.0 million plus or minus half a million. Non-GAAP gross margin expected to be 39.25% plus or minus 75 basis points. Non-GAAP operating expenses expected to remain approximately flat sequentially between $14.5 to $15.5 million.
Segment performance
Q1 revenue increased 18% sequentially to $8.6 million on a GAAP basis. Revenue from high-power business grew 25% year-over-year. High-power markets now represent a large majority of total revenue. Gross margin improved to 39.0% from 38.1% in Q1 2025.
Analyst Q&A
Q: Could you talk about the dollar content that we could expect per WAC for silicon carbide on the first generation 800-volt architecture?
A: Chris responded referring to prior communication about content per megawatt for GAN and ACDC PSU.
Q: Specific to silicon carbide, do you expect pricing to stabilize?
A: Chris said they don't participate in low-voltage SIC business inside centers and customers focus on execution and power density.
Q: Can you provide more color on how having both Gann and Sick capabilities is helping in customer discussions?
A: Chris explained about different markets and architectures where both capabilities enable customers to have choices.
Q: What are key specs that matter most to hyperscalers when evaluating GAN products?
A: Chris said they've done samples of high-voltage and mid-voltage GAN and feedback is technology and packaging offering is adequate.
Q: Why would customers want to upgrade transformers not connecting to data centers?
A: Tyler Anderson's question was answered about need for SST due to grid rollout of AI and transformer inefficiencies.
Q: Sequential improvement heading into Q2, is it mostly data center driven?
A: Tanya and Chris discussed high power markets growth, AI infrastructure growth being stronger than expected and confidence in Q2 guidance.