Earnings ·
Navitas reports Q3 revenue of $14.0M, up 38% year-over-year, with gross margin expanding to 21.5%
NVTSNavitas Semiconductor Corp
Navitas Semiconductor reported third-quarter 2026 revenue of $14.0 million, representing a 33% sequential increase and a 38% year-over-year rise, marking the first annual growth since 2024. GAAP gross margin expanded to 21.5%, while non-GAAP gross margin reached 40%. The company anticipates fourth-quarter revenue of $16.0 million, signaling continued double-digit sequential growth and positioning full-year 2026 revenue growth at approximately 7%. Management highlighted a strategic pivot toward high-power markets, with AI infrastructure expected to account for over 40% of total sales by year-end as the company exits mobile and low-end consumer segments. Navitas Semiconductor is a leader in next-generation power semiconductors and power delivery solutions, pioneering GaN, SiC, and IVR technologies.