Navitas Q2 FY26 operating loss widens 26% to $27.19 million; revenue falls 27% to $10.53 million
NVTS•At-the-market program
The company completed a USD 125 million at-the-market program; sold 10,900,000 shares for USD 255.8 million under a USD 500 million program.
Q2 revenue and operating loss
Navitas Semiconductor posted Q2 net revenues of USD 10.53 million, down 27% from a year earlier.
Operating loss widened 26% to USD 27.19 million, while research and development expense rose 14% to USD 13.15 million.
Other expense and cash position
Other expense widened to USD 200.96 million, driven by earnout-liability fair-value losses of USD 203.1 million.
First-half net cash used in operating activities increased to USD 48.35 million; cash, cash equivalents and restricted cash climbed to USD 558.27 million.
