NVTS
Navitas Semiconductor Corporation
Price as of Jul 20, 2026
NVTS earnings
Navitas Semiconductor Corporation earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| 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 | — |
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.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-27.