Navitas Semiconductor Q2 revenue rises on AI infrastructure demand

Navitas Semiconductor

27/07/2026 21:22

Overview
US power semiconductor maker's Q2 revenue rose 22% sequentially, beating analyst expectations
Adjusted loss per share for Q2 met analyst expectations
Growth driven by shift to high-power markets, especially AI infrastructure and grid energy

Outlook
Navitas expects Q3 2026 revenue of $13.5 mln, plus or minus $0.5 mln
Company sees Q3 2026 non-GAAP gross margin at 39.7%, plus or minus 100 basis points
Navitas anticipates mid-single-digit revenue growth for full-year 2026

Result Drivers
HIGH-POWER MARKET FOCUS - Co said revenue growth was driven by its transition away from mobile and low-end consumer markets to high-power applications, including AI infrastructure and grid energy
AI INFRASTRUCTURE DEMAND - Co cited accelerated demand from AI data centers and grid energy infrastructure as key drivers of growth
NEW PRODUCT INTRODUCTIONS - Co highlighted new high-voltage SiC products and expanded collaborations as supporting increased sales and customer engagements

Company press release: ID:nGNX4qFNKb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$10.53 mln
$9.97 mln (8 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.04
$0.04 (9 Analysts)
Q2 Net Loss
 
$228.22 mln
 
Q2 Income from Operations
 
-$27.19 mln
 
Q2 Operating Expenses
 
$31.27 mln
 
Q2 Pretax Loss
 
$228.15 mln
 

Analyst Coverage
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 22.3% above its July 24 closing price of $10.92

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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.)