The earnings call revealed strong achievements in GaN shipments, technology launches, and strategic partnerships, particularly in AI data centers and mobile markets. However, these positives were offset by flat revenue growth, reduced gross margins, market softness, and a strategic headcount reduction to manage costs. The sentiment is mixed, with anticipation of future growth in strategic markets despite near-term challenges.

Company Guidance

During the Q3 2024 earnings call for Navitas Semiconductor, several key metrics and guidance updates were provided. The company reported Q3 revenue of $21.7 million, marking a record quarter for GaN shipments and aligning with prior guidance. Looking ahead, Navitas anticipates Q4 revenue between $18 million and $20 million, reflecting a dynamic mobile market and some project delays. Gross margin for Q4 is expected to remain flat at around 40%, influenced by mobile market trends. The company is implementing a strategic focus on AI data centers, mobile, and EV markets, while reducing headcount by 14% to streamline operations and lower the revenue threshold for achieving positive EBITDA. Despite a muted outlook for the next couple of quarters due to market softness and project delays, Navitas remains optimistic about resuming solid growth later in 2025, driven by a robust $1.6 billion customer pipeline and continued design win momentum.

Record GaN Shipments

Q3 revenue reached $21.7 million, marking a record quarter for GaN shipments, within prior guidance.

Major Technology Launch

Navitas announced a new low-voltage GaN technology optimized for 48-volt systems, targeting AI data centers, EV platforms, and AI-based robotics, with a potential $1 billion market opportunity.

Strategic Partnership with Infineon

Navitas and Infineon are aligning on GaN specifications to provide dual sourcing options for customers, enhancing confidence and accelerating GaN adoption.

Strong Mobile Business

Mobile business hit an all-time record in Q3, with GaN Slim ICs featured in 26 design wins, including new Tier 1 OEM wins.

Progress in Target Markets

In AI data centers, Navitas announced a record-breaking 8.5 kW AI power supply design and started data center revenue in Q3. In EVs, 6 new design wins were secured in Q3.

---

Navitas Semiconductor (NVTS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NVTS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 09, 2021	2021 (Q3)	-0.04 / -0.57	0	―	―	―
Feb 15, 2022	2021 (Q4)	-0.11 / -0.07	-0.118	40.68% (+0.05)	―	―
May 12, 2022	2022 (Q1)	-0.08 / -0.08	-0.41	80.49% (+0.33)	―	―
Aug 15, 2022	2022 (Q2)	-0.09 / -0.07	-0.98	92.86% (+0.91)	―	―
Nov 09, 2022	2022 (Q3)	-0.07 / -0.07	-0.57	87.72% (+0.50)	―
Feb 23, 2023	2022 (Q4)	-0.07 / -0.06	-0.07	14.29% (+0.01)
May 15, 2023	2023 (Q1)	-0.08 / -0.07	-0.08	12.50% (<+0.01)	―
Aug 14, 2023	2023 (Q2)	-0.07 / -0.05	-0.07	28.57% (+0.02)	―
Nov 09, 2023	2023 (Q3)	-0.05 / -0.04	-0.07	42.86% (+0.03)	―
Feb 29, 2024	2023 (Q4)	-0.05 / -0.04	-0.06	33.33% (+0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

NVTS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	$2.61	$2.36	-9.58%
Aug 05, 2024	$3.05	$3.21	+5.25%
May 09, 2024	$4.69	$4.10	-12.58%
Feb 29, 2024	$6.14	$5.66	-7.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---

FAQ

When does Navitas Semiconductor (NVTS) report earnings?

Navitas Semiconductor (NVTS) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.

What is Navitas Semiconductor (NVTS) earnings time?

Navitas Semiconductor (NVTS) earnings time is at Feb 18, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NVTS EPS forecast?

NVTS EPS forecast for the fiscal quarter 2024 (Q4) is -0.06.

---

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing