Navitas (NVTS) Q2 Revenue Drops 29%

Navitas Semiconductor (NASDAQ:NVTS), a developer of gallium nitride (GaN) and silicon carbide (SiC) power semiconductors, reported results for the quarter ended June 30, 2025, on August 4, 2025. Navitas posted GAAP revenue of $14.5 million, precisely matching analyst expectations, but saw a 29.3% year-over-year decline in GAAP revenue from the same period last year. Non-GAAP loss from operations improved to $10.6 million from $13.3 million in Q2 2024, showing progress on cost control. However, GAAP net loss per share was a steeper $(0.25), EPS (GAAP) of $(0.25) was worse than the analysts' estimate of $(0.05). Cash and cash equivalents were $161.2 million, bolstered by a successful $100 million capital raise. The period reflected meaningful steps toward strategic repositioning, but near-term profitability remained elusive as the company deepened its focus on growing AI data center and energy infrastructure markets. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Navitas Semiconductor designs power semiconductors using advanced materials like GaN and SiC. These chips enable faster, more energy-efficient conversion and control of electrical power across a wide range of applications. The company started by targeting mobile fast-charging, but its technology is now moving into data centers, electric vehicles (EVs), solar power systems, and energy storage.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool