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Navitas Semiconductor Corporation

Navitas Semiconductor Corporation

NASDAQ•NVTS
CEO: Mr. Eugene A. Sheridan
Sector: Technology
Industry: Semiconductors
Listing Date: 2021-10-20
Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications. It operates in the United States, Europe, China, rest of Asia, and internationally. The company was founded in 2013 and is based in Torrance, California.
Contact Information
3520 Challenger Street, Torrance, CA, 90503-1640, United States
844-654-2642
navitassemi.com
Market Cap
$2.24B
P/E (TTM)
-17.7
63.7
Dividend Yield
--
52W High
$17.79
52W Low
$1.52
52W Range
55%
Rank51Top 71.3%
3.0
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$10.11M-53.36%
4-Quarter Trend

EPS

-$0.09-9.60%
4-Quarter Trend

FCF

-$10.73M-24.95%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Decline Net revenues $38.620M, down 41% for nine months, driven by China mobile market softness.
Operating Loss Improvement Loss from operations improved $25.314M (28%) for nine months due to reduced operating expenses.
Strong Financing Cash Inflow Financing activities provided $99.148M cash, primarily from $100.0M proceeds of ATM offerings completed.
Expense Reduction Success SG&A expense $24.721M, decreased 47% for nine months, aided by stock compensation reversals.

Risk Factors

Strategic Pivot Uncertainty Transition focus to high-power markets carries operational, technical, and market risks; success uncertain.
Sole GaN Supplier Exit Sole GaN wafer supplier TSMC ceases production July 2027; mitigation efforts ongoing but uncertain.
Earnout Liability Volatility Net loss widened 90% to $85.138M due to $20.7M loss from earnout liability fair value change.
Internal Control Deficiencies Material weaknesses in internal control over financial reporting persist, impacting accurate identification and disclosure processes.

Outlook

High-Power Market Transition Strategy focuses on AI data centers and high-power sectors; requires significant upfront R&D investment.
Supply Chain Diversification Expanding collaboration with Powerchip for GaN wafers; qualification expected Q4 2025, mass production 2026.
Future Capital Reconsideration Current cash sufficient, but transition to high-power markets may require pursuing additional equity or debt financing.
Continued Expense Growth Expect continued net operating losses, increasing R&D, SG&A expenses, and capital expenditures going forward.

Peer Comparison

Revenue (TTM)

Vishay Intertechnology, Inc.VSH
$2.98B
-0.8%
Blackbaud, Inc.BLKB
$1.14B
-1.1%
Synaptics IncorporatedSYNA
$1.11B
+13.2%

Gross Margin (Latest Quarter)

Asana, Inc.ASAN
88.9%
-0.3pp
Ambarella, Inc.AMBA
60.3%
-0.3pp
Blackbaud, Inc.BLKB
59.6%
+4.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FORM$5.65B142.64.1%2.8%
SIMO$3.87B10.012.2%0.0%
SYNA$3.29B-72.9-3.3%32.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-17.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 23, 2026
|
EPS:-$0.05
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $10.11M-53.4%
    |
    EPS: $-0.09-9.6%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $14.49M-29.2%
    |
    EPS: $-0.25+108.3%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $14.02M-39.5%
    |
    EPS: $-0.09+339.0%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: May 1, 2025|
    Revenue: $83.30M+4.8%
    |
    EPS: $-0.46+46.5%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 19, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $21.68M-1.4%
    |
    EPS: $-0.10-333.1%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $20.47M+13.3%
    |
    EPS: $-0.12-65.7%
    Miss

  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Jul 23, 2024|
    Revenue: $79.46M+109.4%
    |
    EPS: $-0.86-256.4%
    Miss