Gallium nitride chipmaker Navitas' Q3 revenue beats expectations

Navitas Semiconductor

03/11/2025 21:13

Overview

Navitas Q3 2025 revenue beats analyst expectations despite declining yr/yr

Company reports GAAP loss from operations improves compared to Q3 2024

Navitas pivots to high-power markets, collaborating with NVIDIA on AI data centers

Outlook

Navitas expects Q4 2025 net revenues of $7.0 mln, plus or minus $0.25 mln

Company anticipates Q4 2025 non-GAAP gross margin of 38.5%

Navitas forecasts Q4 2025 non-GAAP operating expenses at $15.0 mln

Result Drivers

STRATEGIC PIVOT - Navitas is shifting focus from consumer to high-power markets like AI data centers and energy infrastructure

NVIDIA COLLABORATION - Partnership with NVIDIA for AI factory computing highlights Navitas' GaN and SiC leadership

PRODUCT PORTFOLIO - New GaNFast FETs and SiC modules support growth in high-power AI markets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$10.11 mln
$10 mln (8 Analysts)
Q3 Net Income
-$19.23 mln
Q3 Income from Operations
-$19.41 mln
Q3 Operating Expenses
$23.24 mln
Q3 Pretax Profit
-$18.93 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 $7.50, about 79.5% below its October 31 closing price of $13.46

Press Release: ID:nGNX1LrhkP

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)