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Navitas Semiconductor (NVTS)
NASDAQ:NVTS
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.06Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong strategic progress toward Navitas 2.0 with meaningful technology milestones (all‑GaN 10 kW platform at 98.5% efficiency, Gen5 SiC sampling, GlobalFoundries partnership), improved liquidity ($237M cash) and concrete cost/organizational actions that set the company up for a planned sequential revenue recovery beginning in Q1 2026. Offsetting these positives are material near-term financial weaknesses—a large year-over-year revenue decline (~45%), sequential revenue drop in Q4, a sizeable $16.6M restructuring charge, ongoing operating losses, and timing uncertainty around major market inflection points (800V adoption and grid re-architecture). Management expects margin expansion and quarter-over-quarter growth through 2026, but execution and timing risks remain significant.Company Guidance
Q4 Revenue at High End of Guidance; High-Power Majority
Revenue in Q4 2025 was $7.3 million, exceeding the high end of guidance and marking the first quarter in company history where high-power markets represented the majority of revenue. Management stated Q4 was the bottom and guided to sequential top-line growth starting Q1 2026 ($8.0M–$8.5M).
Clear Strategic Pivot to High-Power (Navitas 2.0)
Company completed organizational realignment to focus on four high-growth markets (AI data center, energy/grid infrastructure, performance computing, industrial electrification). Mobile declined from being the majority in Q3 to less than 25% of revenue in Q4 and is expected to become insignificant by end of 2026.
Strong Product and Technology Milestones
Major product achievements include a breakthrough all-GaN 10 kW 800V->50V DC-DC platform delivering 98.5% peak efficiency; sampling of 100V and 650V GaN devices; sampling of Gen5 1.2 kV SiC Q-DPAK and accelerated sampling of 2.3 kV and 3.3 kV ultra-high-voltage SiC modules. Company highlighted >300 million GaN devices shipped historically.
Strategic Manufacturing & Partnering Progress
Announced long-term GaN technology/manufacturing partnership with GlobalFoundries to accelerate U.S. production; development underway with production expected later in 2026 and acceleration in 2027, and planned transition to 8-inch to lower costs over time.
Balance Sheet and Liquidity Strengthened
Cash and cash equivalents at quarter end were approximately $237 million, following a private placement in November 2025 with net proceeds of about $96 million. The company reported no debt and improved working capital (accounts receivable down to $3.6M from $9.8M; DSOs reduced to 45 days; inventory decreased to $13.3M from $14.7M).
Cost Actions and Operating Discipline
Executed a targeted 19% workforce reduction and consolidated distribution partners from ~40 to <10 to better align go-to-market with high-power focus. Q4 operating expenses decreased sequentially to $14.9M from $15.4M, and full-year OpEx fell to $63.6M from $83.4M in 2024 (≈-23.7%). Management expects operating expenses to remain roughly $15M in Q1 2026.
Market Opportunity and TAM / SAM Positioning
Company reiterated a serviceable addressable market (SAM) of $3.5 billion by 2030 for its focused segments, split roughly 50/50 between GaN and high-voltage SiC, with a combined CAGR >60%, and management emphasized secular tailwinds from AI and grid modernization.
Evidence of Margin Stability at Low Revenue; Margin Expansion Outlook
Q4 gross margin was 38.7%, essentially flat sequentially, demonstrating margin profile maintenance despite lower revenue. Management expects gross margin to expand gradually through 2026 as scale and product mix shift toward higher-power, higher-margin products; Q1 gross margin guidance is 38.7% ±25 bps.
NVTS Earnings History
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 |
|---|---|---|---|
Feb 24, 2026 | $8.26 | $9.88 | +19.61% |
Nov 03, 2025 | $12.25 | $10.46 | -14.61% |
Aug 04, 2025 | $8.05 | $6.77 | -15.90% |
May 05, 2025 | $2.00 | $1.90 | -5.00% |
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 May 07, 2026, After Close (Confirmed).
What is Navitas Semiconductor (NVTS) earnings time?
Navitas Semiconductor (NVTS) earnings time is at May 07, 2026, After Close (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 2026 (Q1) is -0.05.