Navitas Semiconductor Q2 revenue rises on AI infrastructure demand
NVTS•Outlook
Navitas expects third-quarter 2026 revenue of $13.5 mln, plus or minus $0.5 mln.
The company sees third-quarter 2026 non-GAAP gross margin at 39.7%, plus or minus 100 basis points.
Navitas anticipates mid-single-digit revenue growth for full-year 2026.
Q2 revenue and loss beat expectations
Navitas Semiconductor said second-quarter revenue rose 22% sequentially, beating analyst expectations.
Adjusted loss per share for the quarter matched analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $10.53 mln | $9.97 mln (8 Analysts) |
| Q2 Adjusted Loss Per Share | Meet | $0.04 | $0.04 (9 Analysts) |
| Q2 Net Loss | $228.22 mln | ||
| Q2 Income from Operations | -$27.19 mln | ||
| Q2 Operating Expenses | $31.27 mln | ||
| Q2 Pretax Loss | $228.15 mln |
Growth driven by AI infrastructure and grid energy demand
Growth was driven by the company’s shift away from mobile and low-end consumer markets to high-power applications, including AI infrastructure and grid energy.
Navitas cited accelerated demand from AI data centers and grid energy infrastructure as key drivers of growth.
The company also highlighted new high-voltage SiC products and expanded collaborations as supporting increased sales and customer engagements.
