Navitas Semiconductor Q2 revenue beats estimates
Overview
Navitas Semiconductor Q2 revenue of $14.5 mln beats analyst expectations, per LSEG data
Company raises $100 mln, focusing on AI data centers and energy infrastructure
Navitas partners with Powerchip for lower-cost GaN manufacturing
Outlook
Navitas expects Q3 2025 revenue of $10 mln, impacted by China tariffs
Company anticipates Q3 non-GAAP gross margin at 38.5%
Navitas projects $2.6 bln market potential for GaN and SiC by 2030
Result Drivers
AI FOCUS - Navitas sharpens focus on AI data centers and energy infrastructure, collaborating with NVIDIA and other leaders
CAPITAL RAISE - Co raised $100 mln through sale of shares to support growth in AI data centers and energy infrastructure
LOWER COST MANUFACTURING - Partnership with Powerchip for 8” GaN foundry aims to reduce costs and expand capacity
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $14.49 mln | $14.40 mln (8 Analysts) |
Q2 EPS | -$0.25 | ||
Q2 Net Income | -$49.08 mln | ||
Q2 Income from Operations | -$21.65 mln | ||
Q2 Operating Expenses | $23.98 mln | ||
Q2 Pretax Profit | -$48.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Navitas Semiconductor Corp is $4.30, about 85.1% below its August 1 closing price of $7.96
Press Release:
