Navitas Semiconductor Stock Earnings Reports

Navitas reported preliminary Q1 2026 results showing a return to sequential top-line growth with revenue of $8.6M (up 18% sequentially). Management says the company has largely completed a strategic realignment ("Navitas 2.0") away from low-end mobile/consumer toward four high‑power markets: AI data center, energy/grid infrastructure, performance computing and industrial electrification. High‑power business is now the majority of revenue and management reported material year‑over‑year growth in that mix (management cited both ~25% and ~35% growth figures for high‑power across remarks). Q1 non‑GAAP gross margin improved modestly to ~39.0% (up ~30 bps sequentially). Operating expenses were roughly flat QoQ (~$15.0M non‑GAAP), and the company ended the quarter with $221M of cash and no debt. Guidance for Q2 2026: revenue $10.0M ± $0.5M, non‑GAAP gross margin ~39.25% ± 75 bps, and OpEx roughly flat (~$14.5M–$15.5M). Key strategic points: Navitas emphasizes its dual-technology position in GaN and high-voltage SiC as a differentiator for emerging 800V HVDC and high-density AI infrastructure, highlighted product samplings (100V, 650V GaN; 1.2kV Gen5 SiC), reference platform demos for DC‑DC applications, continued foundry/fab planning (GlobalFoundries/TSMC paths, 8-inch pivot targeted in 2027), and disciplined financial execution with a focus on reaching profitability as high‑power scale and mix improve.