Navitas Semiconductor (NVTS)
NASDAQ:NVTS
Top Page
Navitas Semiconductor
(NASDAQ:NVTS)
Select Model
Select Model
Rating:52Neutral
Price Target:
$9.50
▼(-3.26% Downside)
Action:ReiteratedDate:04/14/26
Overall score is held back primarily by ongoing losses, negative operating/free cash flow, and the sharp FY2025 revenue drop, despite a low-debt balance sheet and strengthened liquidity. Technicals are moderately supportive with price above major moving averages, and the latest guidance suggests a potential sequential recovery in 2026, but execution and timing risks remain material.
Positive Factors
Balance sheet strength
Navitas holds a strong liquidity buffer (≈$237M) and essentially no debt following a recent private placement. This materially reduces near-term refinancing risk, provides multi-quarter runway for R&D and commercialization of high‑power products, and supports operating flexibility during the Navitas 2.0 pivot.
Negative Factors
Negative cash generation
Navitas has persistent negative operating and free cash flow, relying on financing to fund operations. Continued cash burn reduces optionality over time if revenue recovery stalls; prolonged negative cash generation could force further dilution, spending cuts, or delayed investments that impair long‑term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Navitas holds a strong liquidity buffer (≈$237M) and essentially no debt following a recent private placement. This materially reduces near-term refinancing risk, provides multi-quarter runway for R&D and commercialization of high‑power products, and supports operating flexibility during the Navitas 2.0 pivot.
Read all positive factors
Navitas Semiconductor (NVTS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.27B
Dividend YieldN/A
Average Volume (3M)19.67M
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue Growth-38.06%
EPS Growth-50.14%
CountryUS
Employees280
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.05
Shares Outstanding230,792,770
10 Day Avg. Volume16,362,925
30 Day Avg. Volume19,670,919
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 Cap0.90
Enterprise Value/Revenue44.59
Enterprise Value/Gross Profit215.24
Enterprise Value/Ebitda-27.73
Forecast
1Y Price Target
$8.64Price Target Upside-12.02% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-0.2
Revenue Forecast (FY)$38.06M
Navitas Semiconductor Business Overview & Revenue Model
Company Description
Navitas Semiconductor Corporation designs, develops, and sells gallium nitride (GaN) power integrated circuits in China, the United States, Taiwan, Korea, and internationally. The company was incorporated in 2013 and is based in Dublin, Ireland....
How the Company Makes Money
Navitas primarily makes money by selling power semiconductor products—most notably GaN power ICs and associated power-management/controller ICs—into high-voltage power conversion markets. Revenue is generated from product sales to electronics OEMs...
Navitas Semiconductor Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
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.Positive Updates
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).
Negative Updates
Significant Year-over-Year Revenue Decline
Full-year 2025 revenue was $45.9 million versus $83.3 million in 2024, a decline of roughly 45% year-over-year, reflecting the deprioritization of low-power mobile and consumer business and the near-term impact of the strategic pivot.
Read all updates
Q4-2025 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
Management guided Q1 2026 revenue of $8.0–$8.5 million (up from Q4’s $7.3M), gross margin of ~38.7% ±25 bps, operating expenses of about $15 million (expected to remain roughly flat through 2026), and a weighted average share count of ~230 million; they reiterated that Q4 was the bottom and expect sequential revenue growth throughout 2026 with gradual gross‑margin expansion as high‑power mix scales. For context, Q4 results included $7.3M revenue, 38.7% gross margin, $14.9M operating expenses, a $16.6M restructuring/impairment charge (≈$3.8M noncash), ending cash of ~$237M (including ~$96M net proceeds from a November private placement), AR $3.6M, inventory $13.3M, DSOs 45 days, FY‑2025 revenue $45.9M (vs. $83.3M in 2024), FY gross margin 38.4%, and FY operating expenses $63.6M.Navitas Semiconductor Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
78
Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 45.92M | 83.30M | 79.46M | 37.94M | 23.74M |
| Gross Profit | 14.25M | 28.34M | 31.06M | 11.95M | 10.69M |
| EBITDA | -93.65M | -66.80M | -97.15M | -115.80M | -67.75M |
| Net Income | -116.95M | -84.60M | -145.43M | 73.91M | -152.69M |
Balance Sheet | |||||
| Total Assets | 500.47M | 389.98M | 485.55M | 425.26M | 295.60M |
| Cash, Cash Equivalents and Short-Term Investments | 236.86M | 86.74M | 151.89M | 110.34M | 268.25M |
| Total Debt | 6.47M | 7.32M | 8.54M | 6.57M | 6.92M |
| Total Liabilities | 56.81M | 41.97M | 104.93M | 40.50M | 230.06M |
| Stockholders Equity | 443.66M | 348.01M | 380.62M | 381.13M | 65.54M |
Cash Flow | |||||
| Free Cash Flow | -44.37M | -65.59M | -46.16M | -49.14M | -43.77M |
| Operating Cash Flow | -42.89M | -58.82M | -41.38M | -44.50M | -41.70M |
| Investing Cash Flow | -1.39M | -9.27M | -5.78M | -107.61M | -3.47M |
| Financing Cash Flow | 194.64M | 3.50M | 89.66M | -5.81M | 274.55M |
Navitas Semiconductor Technical Analysis
Positive
9.82
Price Trends
8.92
Positive
8.87
Positive
8.49
Positive
Market Momentum
0.08
Negative
56.58
Neutral
81.73
Negative
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 9.82 is above the 20-day moving average (MA) of 9.11, above the 50-day MA of 8.92, and above the 200-day MA of 8.49, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 56.58 is Neutral, neither overbought nor oversold. The STOCH value of 81.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NVTS.
Navitas Semiconductor Risk Analysis
Navitas Semiconductor disclosed 47 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $16.11B | 38.14 | 22.70% | ― | 39.37% | 40.87% | |
64 Neutral | $2.96B | 90.19 | 3.17% | 2.27% | 10.50% | -52.00% | |
64 Neutral | $2.42B | 47.89 | 4.13% | ― | -3.90% | -41.66% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $3.50B | -6.51 | -24.06% | ― | 6.65% | -4652.36% | |
56 Neutral | $1.84B | -11.04 | -28.80% | ― | 7.53% | 22.97% | |
52 Neutral | $2.27B | -12.55 | -30.27% | ― | -38.06% | -50.14% |
* Technology Sector Average
NVTS
Navitas Semiconductor
9.87
8.13
467.24%
MXL
Maxlinear
21.56
11.13
106.71%
NVMI
Nova
515.03
328.25
175.74%
POWI
Power Integrations
54.03
9.34
20.91%
UCTT
Ultra Clean Holdings
76.92
57.16
289.27%
VECO
Veeco
40.72
21.39
110.66%
Navitas Semiconductor Corporate Events
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...
Executive/Board Changes
Navitas Semiconductor Announces CFO Transition and Equity Vesting
Neutral
Mar 17, 2026
Navitas Semiconductor Corporation has implemented an executive transition in its finance leadership, with former Senior Vice President, Chief Financial Officer and Treasurer Todd Glickman departing to pursue new opportunities. He agreed to remain ...
Business Operations and StrategyExecutive/Board Changes
Navitas Semiconductor Names New CFO Amid Transformation Drive
Positive
Mar 12, 2026
On March 11, 2026, Navitas Semiconductor announced that veteran finance executive Tonya Stevens will become Chief Financial Officer and Treasurer effective March 30, 2026, succeeding outgoing CFO Todd Glickman after a short transition period. Stev...
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.