Navitas Semiconductor Corp reports results for the quarter ended June 30 - Earnings Summary
Navitas Semiconductor Corp reports results for the quarter ended June 30 - Earnings Summary
Navitas Semiconductor Corp NVTS.OQ reported a quarterly adjusted loss of 4 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of ten analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -5 cents to -4 cents per share.
Revenue fell 27.3% to $10.53 million from a year ago; analysts expected $9.97 million.
Navitas Semiconductor Corp's reported EPS for the quarter was a loss of 95 cents.
The company reported a quarterly loss of $228.22 million.
Navitas Semiconductor Corp shares had fallen by 39.1% this quarter and gained 52.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 8.7% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "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 $13.35, about 18.2% above its last closing price of $10.92
This summary was machine generated from LSEG data July 27 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.04 | -0.04 | Met |
Mar. 31 2026 | -0.05 | -0.04 | Beat |
Dec. 31 2025 | -0.05 | -0.05 | Met |
Sep. 30 2025 | -0.05 | -0.05 | Met |
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