Navitas Semiconductor (NVTS) AI Stock Analysis

• Market Cap: $1.24B
• Dividend Yield: N/A
• Average Volume (3M): 72.12M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: -16.95%
• EPS Growth: -2.47%
• Country: US
• Employees: 280
• Sector: Technology
• Sector Strength: 87
• Industry: Semiconductors
• EPS (TTM): -0.06
• Shares Outstanding: 191,983,780
• 10 Day Avg. Volume: 30,560,938
• 30 Day Avg. Volume: 72,119,456
• PEG Ratio: 0.00
• Price to Book (P/B): 59.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.94
• Enterprise Value/Market Cap: 0.13
• Enterprise Value/Revenue: 0.46
• Enterprise Value/Gross Profit: 5.42
• Enterprise Value/Ebitda: -0.38
• 1Y Price Target: $3.50
• Price Target Upside: -45.65% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 59 Neutral
• Price Target: $6.50 ▲(0.93%Upside)

The overall stock score of 59 is primarily impacted by financial performance struggles, such as negative income and cash flow metrics, and valuation concerns with a negative P/E ratio. However, technical indicators suggest some positive momentum, and strategic corporate events signal potential for long-term growth. Earnings call highlights technological advancements, but immediate financial challenges remain.

Positive Factors

Financial Health

The company is tracking to breakeven in the high-30s, which is a positive outlook for its financial health.

Future Performance

The June quarter revenue guide was above estimates, providing a slightly positive outlook for future performance.

Growth Opportunities

NVTS ended the year with $450MM of design wins, with Data Center and EV leading the growth.

Negative Factors

Financial Outlook

Revenue estimates for Navitas have been revised down for 2025-2026, now significantly below street expectations due to lower ASP assumptions.

Market Competition

The GaN market is becoming more competitive with STMicro, Infineon, and Renesas making significant inroads through acquisitions and partnerships.

Revenue Challenges

Revenue for the March quarter was below estimates, indicating potential challenges in growth.

Navitas Semiconductor Business Overview & Revenue Model

Company Description

Navitas Semiconductor (NVTS) is a leading company in the semiconductor industry, specializing in the design and development of next-generation power electronics. The company focuses on gallium nitride (GaN) technology, which is used to create high-efficiency power converters and systems. Navitas' products are utilized in a wide range of applications, including mobile devices, consumer electronics, electric vehicles, and renewable energy systems, offering improved energy efficiency, reduced system size, and enhanced performance compared to traditional silicon-based solutions.

How the Company Makes Money

Navitas Semiconductor generates revenue primarily through the sale of its GaN-based power semiconductors and related products. The company's key revenue streams include direct sales to manufacturers and suppliers in various sectors such as consumer electronics, automotive, and renewable energy. Additionally, Navitas may engage in partnerships and collaborations with other technology firms to expand its product offerings and market reach. Licensing agreements and technology partnerships can also contribute to its earnings by providing access to new markets and applications for GaN technology. These factors, combined with ongoing innovation and product development, help Navitas Semiconductor to maintain its competitive position and drive revenue growth.

Navitas Semiconductor Financial Statement Overview

Summary

Navitas Semiconductor faces profitability challenges with negative net income and declining EBIT and EBITDA margins. The balance sheet is strong with low leverage, but negative cash flows present risks to financial flexibility.

Income Statement

Navitas Semiconductor has shown a mixed performance in the income statement. The TTM data indicates a decrease in total revenue and gross profit, while the gross profit margin stands at approximately 39.0%, which is reasonable. However, the persistent negative net income and declining EBIT and EBITDA margins highlight ongoing profitability challenges. Revenue growth rate has been volatile, with a recent decline, signaling potential issues in maintaining consistent growth.

Balance Sheet

The balance sheet reflects a strong equity position with a healthy equity ratio of around 92.1%. The company has managed its leverage well with a low debt-to-equity ratio of approximately 0.02. However, the overall trends in total assets and liabilities suggest a need for cautious financial management to maintain stability.

Cash Flow

Cash flows indicate challenges with negative operating cash flow and free cash flow, impacting liquidity. The free cash flow growth rate has fluctuated, posing risks to financial flexibility. Nonetheless, the company maintains a positive cash balance, providing some buffer against short-term financial pressures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	74.14M	83.30M	79.46M	37.94M	23.74M	11.85M
Gross Profit	28.91M	28.34M	31.06M	11.95M	10.69M	3.71M
EBITDA	-106.43M	-66.80M	-97.15M	-109.90M	-67.75M	-18.29M
Net Income	-97.75M	-84.60M	-145.43M	73.91M	-152.69M	-19.04M
Balance Sheet
Total Assets	254.80M	389.98M	485.55M	425.26M	295.60M	48.51M
Cash, Cash Equivalents and Short-Term Investments	1.55M	86.74M	152.84M	110.34M	268.25M	38.87M
Total Debt	5.97M	7.32M	8.54M	6.57M	6.92M	5.97M
Total Liabilities	26.93M	41.97M	104.93M	40.50M	230.06M	120.93M
Stockholders Equity	227.87M	348.01M	380.62M	381.13M	65.54M	-72.42M
Cash Flow
Free Cash Flow	-56.49M	-65.59M	-44.88M	-49.14M	-43.77M	-20.85M
Operating Cash Flow	-52.57M	-58.82M	-40.10M	-44.50M	-41.70M	-20.63M
Investing Cash Flow	-3.91M	-9.27M	-5.78M	-107.61M	-3.47M	-215.00K
Financing Cash Flow	2.42M	3.50M	88.38M	-5.81M	274.55M	53.59M

Navitas Semiconductor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVTS, the sentiment is Positive. The current price of 6.44 is below the 20-day moving average (MA) of 6.93, above the 50-day MA of 4.62, and above the 200-day MA of 3.17, indicating a neutral trend. The MACD of 0.43 indicates Positive momentum. The RSI at 53.59 is Neutral, neither overbought nor oversold. The STOCH value of 14.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NVTS.

Navitas Semiconductor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVEC	74 Outperform	$370.04M	24.57	23.57%	5.23%	-13.18%	-12.06%
XPER	64 Neutral	$371.89M	―	-4.71%	―	-4.77%	84.82%
Sector *	63 Neutral	$34.04B	6.14	-11.52%	1.82%	5.53%	-18.79%
NVTS	59 Neutral	$1.24B	―	-26.43%	―	-16.95%	-2.47%
INDI	56 Neutral	$794.80M	―	-32.43%	―	-7.09%	-53.23%
LASR	54 Neutral	$977.42M	―	-24.12%	―	2.66%	-11.35%
WOLF	42 Neutral	$183.64M	―	-180.49%	―	-9.62%	-30.36%

Navitas Semiconductor Corporate Events

Navitas Semiconductor Raises $50 Million in Stock Sale

Navitas Semiconductor Corporation completed the sale of shares of its Class A common stock under its at-the-market offering program, raising $50 million. This follows a previous $50 million sale under a similar program. The proceeds are intended for working capital, general corporate purposes, and potential acquisitions, though no specific agreements are currently in place.

The most recent analyst rating on (NVTS) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Navitas Semiconductor stock, see the NVTS Stock Forecast page.

Navitas Semiconductor Plans GaN Wafer Source Diversification

Navitas Semiconductor announced plans to diversify its GaN wafer sources following TSMC’s decision to cease GaN production by July 2027. In collaboration with Powerchip Semiconductor Manufacturing Corporation, Navitas aims to transition its 650 V GaN devices within 12-24 months, with initial mass production of 100 V GaN products expected in the first half of 2026. This strategic partnership is anticipated to strengthen Navitas’ supply chain, drive innovation, and improve cost efficiency, supporting its expansion into AI data centers, EVs, and other markets.

The most recent analyst rating on (NVTS) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Navitas Semiconductor stock, see the NVTS Stock Forecast page.

Navitas Partners with Nvidia for Data Center Innovation

On May 21, 2025, Navitas Semiconductor announced a collaboration with Nvidia to develop an 800V HVDC architecture for data centers, aimed at improving power efficiency and reducing infrastructure complexity. This partnership highlights Navitas’ role in advancing AI data center technology through its GaN and SiC innovations, which are expected to enhance Nvidia’s next-generation AI workloads by offering scalable and efficient power solutions.

The most recent analyst rating on (NVTS) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Navitas Semiconductor stock, see the NVTS Stock Forecast page.

Navitas Semiconductor Appoints Cristiano Amoruso as Director

On May 8, 2025, Navitas Semiconductor appointed Cristiano Amoruso as a director, effective immediately, with his term expiring at the 2025 annual stockholders’ meeting. Amoruso, who has a strong background in the semiconductor and renewable energy industries, is expected to contribute significantly to Navitas’ growth strategy and corporate governance, aiming to capture a multi-billion dollar market opportunity and accelerate the company’s path to profitability.

The most recent analyst rating on (NVTS) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Navitas Semiconductor stock, see the NVTS Stock Forecast page.

Navitas Semiconductor Announces Leadership Restructuring

On April 23, 2025, Navitas Semiconductor announced significant changes in its board and leadership structure, including the resignation of CEO Gene Sheridan as Chair of the Board and the appointment of Richard J. Hendrix as the new Chair. The company also accepted the resignation of Daniel M. Kinzer from his executive roles, while forming an Executive Steering Committee to oversee strategic initiatives. These changes reflect Navitas’ commitment to enhancing corporate governance and aligning its strategies with stockholder interests, aiming to capitalize on market opportunities and drive growth in the power semiconductor industry.