Navitas falls after wider Q2 loss

Navitas Semiconductor

28/07/2026 10:13

** Shares of chip firm Navitas Semiconductor NVTS.O slide 5.4% to $10.8 premarket
** Co reports Q2 net loss of $228.22 mln, compared with $49.08 mln a year earlier
** NVTS's wider loss ties to a non-cash charge tied to its 2022 acquisition of GeneSiC
** NVTS was sued by Japanese chipmaker Renesas last week over alleged AI chip trade-secret theft
** Co posts Q2 revenue of $10.5 mln, compared to $14.5 mln last year
** As of last close, stock has risen 59.8% YTD

(Reporting by Anand Gopal in Bengaluru)
((anandgopal.r@thomsonreuters.com))