Navitas Sees High-Power Markets Fuel Pivot as Q4 Revenue Drops to $7.3M
Navitas Semiconductor reported Q4 2025 revenue of $7.3 million, compared with $18.0 million a year earlier, and GAAP operating loss of $41.4 million (non-GAAP loss $12.1 million). High-power GaN and SiC solutions drove a majority of revenue, and the company forecasts sequential revenue growth from Q1 2026.
1. Q4 and Full Year 2025 Financial Results
Navitas Semiconductor reported Q4 2025 revenue of $7.3 million, down from $10.1 million in Q3 and $18.0 million in Q4 2024. GAAP operating loss was $41.4 million and non-GAAP loss $12.1 million, including a $16.6 million restructuring charge, while cash and equivalents rose to $236.9 million.
2. Strategic Partnerships and Market Pivot
High-power GaNFast and GeneSiC solutions accounted for over 50% of quarterly revenue, marking the first time these markets surpassed mobile. The company formalized a strategic foundry partnership with GlobalFoundries, accelerated sampling of 650V GaN and ultra-high-voltage SiC products, and forged distribution deals to expand AI data center and grid infrastructure adoption.
3. First Quarter 2026 Business Outlook
Navitas expects Q1 2026 net revenue of $8.0–$8.5 million, non-GAAP gross margin near 38.7%, and operating expenses around $15 million. Management anticipates sequential top-line growth driven by high-power markets and renewed margin improvement under its Navitas 2.0 strategy.