Navitas Semiconductor Corp reported results for the 2026 quarter with revenue of $10.53M, a net loss of ($228.22M) and diluted loss per share of ($0.95), reflecting lower sales and higher charges versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$10.53M$14.49M(27.3%) | Net income²($228.22M)($49.08M)(365%) | Diluted EPS³($0.95)($0.25)(280%) |
¹ Reported as “Net revenues”. ² Reported as “Net loss”. ³ Reported as “Diluted loss per share attributable to common stockholders”.
Business Highlights
- Revenue declined 27% quarter-over-quarter (3M) and 33% year-to-date, driven by lower mobile and consumer sales in Asia, notably China.
- Sales mix shifted toward higher-power products; U.S. sales increased to roughly 38–40% of revenue while China fell to about 35%.
- Navitas 2.0 restructuring is substantially complete, with remaining costs expected through year-end 2026.
- R&D spending rose approximately 14–15%, driven by stock-based compensation and materials as the company refocuses on high-power, higher-margin markets.
- The company remains fabless and dependent on third-party wafer fabs and assembly/test partners globally.
Original SEC Filing:
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