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Navitas Semiconductor
(NASDAQ:NVTS)
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Rating:46Neutral
Price Target:
$13.50
â–²(9.58% Upside)
Action:Reiterated
Date:07/08/26
The score is held down primarily by weak financial performance (revenue decline, sharp margin compression, and ongoing losses/cash burn) and bearish technical momentum (below key moving averages with negative MACD). Guidance from the latest earnings call points to sequential revenue growth and modest margin expansion, and liquidity-related corporate actions help, but valuation support is limited given negative earnings and no dividend yield provided.
Positive Factors
Balance Sheet Strength & Liquidity
A large cash balance with no debt provides multi-quarter runway to fund qualification, sampling and the planned 8-inch GaN manufacturing pivot. This reduces near-term solvency risk, supports selective hiring and R&D, and gives strategic optionality without immediate reliance on dilutive capital.
Negative Factors
Weak Recent Financial Performance
Material year-over-year revenue decline and sharply compressed gross margins indicate current unit economics are deteriorating. Deep negative net margins limit internal reinvestment capacity, make breakeven timing uncertain, and require meaningful volume and mix improvement to deliver sustainable profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength & Liquidity
A large cash balance with no debt provides multi-quarter runway to fund qualification, sampling and the planned 8-inch GaN manufacturing pivot. This reduces near-term solvency risk, supports selective hiring and R&D, and gives strategic optionality without immediate reliance on dilutive capital.
Read all positive factors
Navitas Semiconductor (NVTS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.17B
Dividend YieldN/A
Average Volume (3M)28.74M
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue Growth-45.38%
EPS Growth-19.24%
CountryUS
Employees190
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.63
Shares Outstanding236,993,840
10 Day Avg. Volume18,874,544
30 Day Avg. Volume28,741,610
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)3.31
Price to Sales (P/S)31.97
P/FCF Ratio-33.08
Enterprise Value/Market Cap1.65
Enterprise Value/Revenue129.06
Enterprise Value/Gross Profit1.93K
Enterprise Value/Ebitda-47.23
Forecast
1Y Price Target
$16.93Price Target Upside37.38% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$42.01M
Navitas Semiconductor Business Overview & Revenue Model
Company Description
Navitas Semiconductor Corporation designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally. The company offers gallium nitride power integrated circuits, silicon carbide power devic...
How the Company Makes Money
Navitas makes money primarily by selling semiconductor products (GaN power ICs and SiC power devices/modules) to electronics manufacturers and their suppliers, recognizing revenue from product shipments under customer purchase orders. Key revenue ...
Navitas Semiconductor Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 27, 2026
Earnings Call Sentiment Positive
The call conveyed a cautiously optimistic outlook: clear sequential recovery and tangible momentum in high-power, AI-driven end markets with product sampling, technology milestones and solid liquidity are major positives. However, a substantial year-over-year revenue decline, continued operating losses, and execution/qualification risks temper near-term expectations. Management guided to continued sequential growth and modest margin expansion, and emphasized disciplined spending and the path to profitability, making the tone constructive but dependent on successful scale and customer qualification.Positive Updates
Return to Sequential Revenue Growth
Q1 revenue of $8.6M, up 18% sequentially from $7.3M in Q4 2025, exceeding the high end of guidance; company expects Q2 revenue of $10.0M ± $0.5M (midpoint representing ~16% sequential growth).
Negative Updates
Significant Year‑Over‑Year Revenue Decline
Q1 revenue of $8.6M compared to $14.0M in Q1 2025, representing an approximate -38.6% year-over-year decline, reflecting the impact of the company's transition away from historical mobile and low-end consumer businesses.
Read all updates
Q1-2026 Updates
Positive
Negative
Return to Sequential Revenue Growth
Q1 revenue of $8.6M, up 18% sequentially from $7.3M in Q4 2025, exceeding the high end of guidance; company expects Q2 revenue of $10.0M ± $0.5M (midpoint representing ~16% sequential growth).
Read all positive updates
Company Guidance
Management guided Q2 revenue of $10.0 million ± $0.5 million (midpoint ≈ +16% sequential vs Q1 GAAP revenue of $8.6M, which was +18% Q/Q vs Q4’s $7.3M), non‑GAAP gross margin of 39.25% ± 75 bps (midpoint ≈ +25 bps vs Q1’s 39.0%; Q1 was +30 bps Q/Q and 38.1% a year ago), and non‑GAAP operating expenses roughly flat at $14.5M–$15.5M (Q1 OpEx $15.0M). For context Q1 loss from operations was $11.7M, diluted shares ≈230M and loss per share $0.04; cash was $221M with no debt and inventory $14.9M. Management expects continued sequential revenue growth and gradual gross‑margin expansion through 2026 as high‑power becomes the dominant mix (management cited high‑power growth of ~25–35% YoY and noted AI infrastructure/data center + grid grew ~50% Q/Q), mobile revenue to become insignificant by year‑end, and reiterated a long‑term TAM of ~$3.5B by 2030 (roughly 50/50 GaN/SiC, combined CAGR >60%).Navitas Semiconductor Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.50M | 45.92M | 83.30M | 79.46M | 37.94M | 23.74M |
| Gross Profit | 2.71M | 14.25M | 28.34M | 31.06M | 11.95M | 10.69M |
| EBITDA | -110.66M | -93.65M | -66.80M | -125.49M | 57.91M | -151.88M |
| Net Income | -133.91M | -116.95M | -84.60M | -145.43M | 73.91M | -152.69M |
Balance Sheet | ||||||
| Total Assets | 481.37M | 500.47M | 389.98M | 485.55M | 425.26M | 295.60M |
| Cash, Cash Equivalents and Short-Term Investments | 221.01M | 236.86M | 86.74M | 151.89M | 110.34M | 268.25M |
| Total Debt | 6.34M | 6.47M | 7.32M | 8.54M | 6.57M | 6.92M |
| Total Liabilities | 61.32M | 56.81M | 41.97M | 104.93M | 40.50M | 230.06M |
| Stockholders Equity | 420.05M | 443.66M | 348.01M | 380.62M | 381.13M | 65.54M |
Cash Flow | ||||||
| Free Cash Flow | -47.55M | -44.37M | -65.59M | -46.16M | -49.14M | -43.77M |
| Operating Cash Flow | -45.72M | -42.89M | -58.82M | -41.38M | -44.50M | -41.70M |
| Investing Cash Flow | -1.73M | -1.39M | -9.27M | -5.78M | -107.61M | -3.47M |
| Financing Cash Flow | 195.21M | 194.64M | 3.50M | 89.66M | -5.81M | 274.55M |
Navitas Semiconductor Technical Analysis
Negative
12.32
Price Trends
21.03
Negative
15.58
Negative
12.48
Positive
Market Momentum
-2.30
Positive
35.95
Neutral
14.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVTS, the sentiment is Negative. The current price of 12.32 is below the 20-day moving average (MA) of 19.01, below the 50-day MA of 21.03, and below the 200-day MA of 12.48, indicating a neutral trend. The MACD of -2.30 indicates Positive momentum. The RSI at 35.95 is Neutral, neither overbought nor oversold. The STOCH value of 14.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVTS.
Navitas Semiconductor Risk Analysis
Navitas Semiconductor disclosed 36 risk factors in its most recent earnings report. Navitas Semiconductor reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Navitas Semiconductor Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.70B | 236.57 | 2.44% | 2.27% | 3.11% | -54.05% | |
67 Neutral | $3.32B | 146.15 | 2.64% | ― | -7.71% | -66.03% | |
66 Neutral | $14.37B | 54.80 | 21.21% | ― | 21.32% | 19.06% | |
62 Neutral | $7.71B | -63.03 | -28.42% | ― | 40.89% | 42.62% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $4.52B | -24.75 | -28.05% | ― | -3.24% | -786.94% | |
46 Neutral | $3.17B | -22.49 | -32.99% | ― | -45.38% | -19.24% |
* Technology Sector Average
NVTS
Navitas Semiconductor
14.18
8.34
142.81%
MXL
Maxlinear
95.80
80.86
541.23%
NVMI
Nova
473.99
189.83
66.80%
POWI
Power Integrations
70.83
13.81
24.22%
UCTT
Ultra Clean Holdings
106.19
81.24
325.61%
VECO
Veeco
57.45
36.29
171.50%
Navitas Semiconductor Corporate Events
Business Operations and StrategyLegal Proceedings
Navitas Semiconductor Addresses Patent Dispute Amid Growth Focus
Negative
Jul 8, 2026
On July 8, 2026, Navitas Semiconductor issued a statement responding to a patent infringement complaint filed by Wolfspeed in the U.S. District Court for the District of Delaware. The company disputes Wolfspeed’s allegations, characterizing ...
Executive/Board ChangesShareholder Meetings
Navitas Shareholders Reelect Directors, Reject Board Declassification
Neutral
Jun 26, 2026
Navitas Semiconductor held its 2026 annual meeting of stockholders on June 25, 2026, with a quorum present as 157,213,045 of 233,713,166 eligible Class A shares were represented. Stockholders elected three directors—Brian Long, David Moxam, ...
Business Operations and StrategyRegulatory Filings and Compliance
Navitas Semiconductor Completes Earnout Share Issuances Post-Merger
Positive
Jun 15, 2026
On June 15, 2026, Navitas Semiconductor Corporation issued 3,280,666 shares of its Class A common stock to satisfy obligations related to Triggering Event III under a Business Combination Agreement originally signed on May 6, 2021. This agreement,...
Executive/Board ChangesRegulatory Filings and Compliance
Navitas Semiconductor Board Chair Ranbir Singh Resigns Suddenly
Negative
Jun 9, 2026
On June 9, 2026, Navitas Semiconductor said that Dr. Ranbir Singh resigned from its board of directors, effective immediately, after joining the board in November 2024. At the time of his departure, Singh served as chair of the board’s Execu...
Private Placements and FinancingRegulatory Filings and Compliance
Navitas Semiconductor Completes Share Issuance for Triggering Events
Neutral
Jun 4, 2026
On June 4, 2026, Navitas Semiconductor Corporation issued 3,283,844 shares of Class A common stock, primarily to satisfy obligations tied to Triggering Event II under a prior business combination agreement, with a smaller portion allocated to empl...
Business Operations and StrategyLegal Proceedings
Navitas Semiconductor Settles Earnout Dispute With Sponsor
Positive
May 22, 2026
On May 18, 2026, Navitas Semiconductor entered into a Settlement, Release and Amendment Agreement with Live Oak Sponsor Partners II, LLC, resolving issues related to contingent earnout rights established in their 2021 business combination. The arr...
Private Placements and FinancingRegulatory Filings and Compliance
Navitas Semiconductor Issues Shares Under Business Combination Agreement
Neutral
May 22, 2026
On May 22, 2026, Navitas Semiconductor Corporation issued 3,277,438 shares of Class A common stock to satisfy its obligations tied to Triggering Event I under a Business Combination Agreement dated May 6, 2021. The transaction reflects the company...
Private Placements and FinancingRegulatory Filings and Compliance
Navitas Semiconductor Completes $122 Million ATM Equity Offering
Positive
May 13, 2026
On May 11, 2026, Navitas Semiconductor entered into a Sales Agreement with Craig-Hallum Capital Group and UBS Securities to conduct an at-the-market offering of its Class A common stock. Under the related prospectus supplement filed the same day, ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Navitas Semiconductor Launches New $125 Million ATM Program
Neutral
May 11, 2026
On May 11, 2026, Navitas Semiconductor Corporation entered into a new sales agreement with Craig-Hallum Capital Group and UBS Securities to establish an at-the-market equity offering program for up to $125 million of its Class A common stock. The ...
Business Operations and StrategyExecutive/Board Changes
Navitas Semiconductor Adds Veteran Independent Director Amid Transformation
Positive
May 4, 2026
Navitas Semiconductor, a Nasdaq-listed designer of GaN and SiC power semiconductors for AI data centers, energy and grid infrastructure, performance computing and industrial electrification, has built a portfolio of over 300 patents and markets in...
Business Operations and StrategyExecutive/Board Changes
Navitas Semiconductor Adds Veteran Director to Support Transformation
Positive
Apr 13, 2026
On April 7, 2026, Navitas Semiconductor’s board expanded from eight to ten members, creating two new Class III director seats as part of its ongoing governance structure. The company subsequently appointed semiconductor veteran Gregory M. Fi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.