NVTS

A month has gone by since the last earnings report for Qualcomm (QCOM). Shares have added about 8.7% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Qualcomm due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for QUALCOMM Incorporated before we dive into how investors and analysts have reacted as of late. Qualcomm Misses Q3 Earnings Estimates, Revenues Beat on Auto GrowthQualcomm reported third-quarter fiscal 2026 non-GAAP earnings of $2.21 per share, down 20% year over year and missing the Zacks Consensus Estimate of $2.22 by 0.5%. Revenues of $9.95 billion fell 4% year over year but topped the consensus mark of $9.71 billion by 2.4%.Higher input costs and handset weakness pressured profitability, while record automotive sales and IoT growth supported the top line. QCT automotive revenues surged 61% to $1.59 billion, marking the 23rd straight quarter of double-digit year-over-year growth.Handset Weakness Drags on QCT ResultsQCT revenues declined 5% to $8.50 billion. Handset revenues plunged 20% to $5.09 billion as major OEMs reduced chipset purchases and worked down inventory amid memory supply constraints and higher memory prices.The handset decline more than offset gains elsewhere in the product business. Management estimated that China OEM handset revenues reached a bottom in the quarter and expects double-digit sequential growth in the fourth quarter as channel inventory drawdowns ease.Qualcomm Extends Automotive and IoT MomentumAutomotive revenues rose $604 million year over year, driven by a $381 million increase in revenue per unit from favorable mix and higher average selling prices. Another $223 million came from higher shipments tied to new vehicle launches using Snapdragon digital cockpit and ADAS and automated-driving products.IoT revenues climbed 9% to $1.83 billion, led by favorable mix and growth in industrial networking and robotics. Combined QCT automotive and IoT revenues advanced 28%, and Qualcomm raised its fiscal 2026 exit-rate outlook for annualized automotive sales to approximately $7 billion from $6 billion.Margins Narrow as Product Costs RiseQCT EBT declined 18% to $2.19 billion, while its EBT margin contracted four percentage points to 26%. Higher product costs and lower revenues outweighed higher average selling prices, reflecting industrywide increases across wafers, assembly, testing, advanced packaging, memory and other materials.QTL revenues decreased 3% to $1.28 billion, and EBT fell 6% to $881 million. Its EBT margin slipped to 69% from 71%, as lower estimated cellular-product sales and fewer prior-period royalty adjustments offset a favorable revenue-per-unit mix.Qualcomm Invests in Data Center ExpansionGAAP research and development spending increased $381 million to $2.61 billion, primarily because of higher wireless and integrated-circuit development costs, lower engineering reimbursements and more share-based compensation. Selling, general and administrative expenses rose $205 million to $976 million, partly reflecting greater compensation and growth investments.The spending supports a phased data center roadmap spanning connectivity, custom silicon, AI accelerators and server CPUs. Two custom-silicon wins are expected to begin generating revenues in the December quarter, while the company completed the $3.1 billion Modular acquisition to add an open, hardware-agnostic AI software platform.Cash Flow & LiquidityQualcomm returned $2.3 billion to stockholders during the quarter, including $1.4 billion in repurchases and $973 million in dividends. At quarter-end, $20.6 billion remained under its repurchase authorization.Cash, cash equivalents and marketable securities totaled $8.30 billion at June 28, down $1.85 billion from fiscal year-end, while debt was $15.27 billion. Nine-month operating cash flow fell $1.61 billion to $8.41 billion, partly as inventory increased amid memory-related customer demand shifts.GuidanceFor the fourth quarter of fiscal 2026, Qualcomm forecasts revenues of $9.7-$10.5 billion and non-GAAP earnings of $2.05-$2.25 per share. QCT revenues are projected at $8.4-$9.0 billion with a 23-25% EBT margin, while QTL revenues are expected between $1.2 billion and $1.4 billion.QCT handset revenues are expected to be about $5.2 billion, with Android growth offset by lower Apple product sales. Qualcomm expects its modem share in the upcoming iPhone launch to be materially below the prior 20% estimate, while fourth-quarter automotive revenues are projected to rise approximately 60% year over year. In the past month, investors have witnessed a downward trend in estimates review. The consensus estimate has shifted -12.97% due to these changes. Currently, Qualcomm has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Qualcomm has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Qualcomm is part of the Zacks Electronics - Semiconductors industry. Over the past month, Navitas Semiconductor Corporation (NVTS), a stock from the same industry, has gained 13.6%. The company reported its results for the quarter ended June 2026 more than a month ago. Navitas Semiconductor reported revenues of $10.53 million in the last reported quarter, representing a year-over-year change of -27.3%. EPS of -$0.04 for the same period compares with -$0.05 a year ago. Navitas Semiconductor is expected to post a loss of $0.04 per share for the current quarter, representing a year-over-year change of +20%. Over the last 30 days, the Zacks Consensus Estimate has changed +16.7%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Navitas Semiconductor. Also, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Navitas Semiconductor Corporation (NVTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for Navitas Semiconductor Corporation (NVTS). Shares have added about 24.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Navitas Semiconductor due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Navitas Semiconductor Corporation before we dive into how investors and analysts have reacted as of late. Navitas Semiconductor reported second-quarter 2026 non-GAAP loss of 4 cents per share, in line with the Zacks Consensus Estimate. The figure was narrower than the year-ago quarter’s loss of 5 cents. Navitas Semiconductor’s second-quarter 2026 revenues of $10.5 million declined 27.3% year over year but beat the consensus estimate by 5.8%. The top line increased 22% sequentially as revenues from high-power markets grew more than 50% year over year. Management also highlighted an expanding backlog and record book-to-bill, reflecting stronger demand across AI data centers and grid and energy infrastructure. High-power products accounted for the majority of second-quarter revenues, while mobile and low-end consumer sales declined both sequentially and year over year. Both gallium nitride, or GaN, and silicon carbide, or SiC, contributed to the sequential improvement. The company expects mobile and low-end consumer revenues to become insignificant by year-end. AI infrastructure, which combines data centers with grid and energy infrastructure, is projected to represent more than one-third of fourth-quarter sales. The first growth phase is already underway as higher rack power and density requirements drive silicon-to-SiC replacement in AC/DC power supply units. Management expects this trend to accelerate in the second half of 2026 and the first half of 2027. A second phase is expected around mid-2027 as power shelves and battery backup units move into 800-volt sidecar racks. Native 800-volt power delivery to compute trays should follow, increasing GaN content near GPUs and other processors, while solid-state transformers could expand ultra-high-voltage SiC and GaN opportunities from 2028. Non-GAAP gross margin expanded 50 basis points sequentially and 100 basis points year over year to 39.5%. The improvement reflected a greater contribution from higher-value high-power products and better scale. Non-GAAP operating expenses were $15.5 million, down from $16.1 million a year earlier. The company recorded a non-GAAP operating loss of $11.4 million compared with a loss of $11.7 million in the prior quarter and $10.6 million in the year-ago period. Navitas ended the first quarter of 2026 with $557 million in cash and cash equivalents, up from $221 million at the end of the first quarter, primarily due to approximately $373 million of capital raised during the period. Navitas remained debt-free. Inventory increased to $19.5 million from $14.9 million as the company began building TSMC wafer buffers. Prepaid expenses and other current assets also rose by roughly $15 million, reflecting planned wafer purchases to support expected AI data center demand and the transition to U.S.-based GaN manufacturing. For the third quarter of 2026, Navitas expects revenues of $13 million to $14 million. The $13.5 million midpoint implies 28% sequential growth and a return to year-over-year expansion. The Zacks Consensus Estimate for revenues is currently pegged at $11.38 million, indicating a 12.5% increase from the year-ago reported quarter. Non-GAAP gross margin is projected at 38.7% to 40.7%. Non-GAAP operating expenses are expected between $15.5 million and $17.5 million as the company increases spending on product development, customer support and supply-chain readiness. It turns out, estimates review have trended upward during the past month. The consensus estimate has shifted 25% due to these changes. At this time, Navitas Semiconductor has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise Navitas Semiconductor has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Navitas Semiconductor Corporation (NVTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is repositioning Magnachip as a pure-play power semiconductor company, shifting focus from being a market follower to a leader through differentiated, application-specific solutions. The company is intentionally moving away from legacy products that have become commoditized and are subject to intense pricing competition, particularly in China. A new strategic partnership with Navitas Semiconductor provides a capital-efficient entry into the high-voltage silicon carbide market by licensing GeneSiC technology. Second quarter revenue declines were primarily driven by weaker demand for legacy products and seasonal softness in the communication segment. Gross margin improvement in Q2 was a result of a one-quarter lag benefit from higher fab utilization rates achieved in Q1 2026. The company is prioritizing R&D execution to solve specific customer problems rather than competing on price alone in standard commodity markets. Management expects new-generation products to contribute at least 10% of revenue by Q4 2026, a significant increase from approximately 2% in full year 2025. Q3 2026 guidance assumes a sequential revenue decline due to supply chain packaging constraints and lower-than-planned customer volumes in custom applications. A planned electrical substation upgrade in Q3 is expected to lower fab utilization, creating a one-quarter lag effect that will likely compress Q4 gross margins. The company remains on track to deliver its target of 55 new-generation products within the 2026 calendar year. The Navitas partnership will involve qualifying and manufacturing high-voltage products at Magnachip's existing fab in Korea to accelerate commercialization. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Established a $50 million at-the-market (ATM) offering program to provide additional financial flexibility for future capital needs. Supply chain constraints in packaging are currently limiting the company's ability to fully satisfy healthy demand for Low Voltage BatteryFET products. R&D expenses increased year-over-year due to the specific timing of investments required for the 2026 new-generation product roadmap. The transition to differentiated products is characterized as a multi-year portfolio transformation that will not result in an immediate financial turnaround.

Navitas Semiconductor Corporation NVTS reported second-quarter 2026 non-GAAP loss of 4 cents per share, in line with the Zacks Consensus Estimate. The figure was narrower than the year-ago quarter’s loss of 5 cents. Navitas Semiconductor’s second-quarter 2026 revenues of $10.5 million declined 27.3% year over year but beat the consensus estimate by 5.8%. The top line increased 22% sequentially as revenues from high-power markets grew more than 50% year over year. Management also highlighted an expanding backlog and record book-to-bill, reflecting stronger demand across AI data centers and grid and energy infrastructure. High-power products accounted for the majority of second-quarter revenues, while mobile and low-end consumer sales declined both sequentially and year over year. Both gallium nitride, or GaN, and silicon carbide, or SiC, contributed to the sequential improvement. The company expects mobile and low-end consumer revenues to become insignificant by year-end. AI infrastructure, which combines data centers with grid and energy infrastructure, is projected to represent more than one-third of fourth-quarter sales. Navitas Semiconductor Corporation price-consensus-eps-surprise-chart | Navitas Semiconductor Corporation Quote The first growth phase is already underway as higher rack power and density requirements drive silicon-to-SiC replacement in AC/DC power supply units. Management expects this trend to accelerate in the second half of 2026 and the first half of 2027. A second phase is expected around mid-2027 as power shelves and battery backup units move into 800-volt sidecar racks. Native 800-volt power delivery to compute trays should follow, increasing GaN content near GPUs and other processors, while solid-state transformers could expand ultra-high-voltage SiC and GaN opportunities from 2028. Non-GAAP gross margin expanded 50 basis points sequentially and 100 basis points year over year to 39.5%. The improvement reflected a greater contribution from higher-value high-power products and better scale. Non-GAAP operating expenses were $15.5 million, down from $16.1 million a year earlier. The company recorded a non-GAAP operating loss of $11.4 million compared with a loss of $11.7 million in the prior quarter and $10.6 million in the year-ago period. Navitas ended the first quarter of 2026 with $557 million in cash and cash equivalents, up from $221 million at the end of the first quarter, primarily due to approximately $373 million of capital raised during the period. Navitas remained debt-free. Inventory increased to $19.5 million from $14.9 million as the company began building TSMC wafer buffers. Prepaid expenses and other current assets also rose by roughly $15 million, reflecting planned wafer purchases to support expected AI data center demand and the transition to U.S.-based GaN manufacturing. For the third quarter of 2026, Navitas expects revenues of $13 million to $14 million. The $13.5 million midpoint implies 28% sequential growth and a return to year-over-year expansion. The Zacks Consensus Estimate for revenues is currently pegged at $11.38 million, indicating a 12.5% increase from the year-ago reported quarter. Non-GAAP gross margin is projected at 38.7% to 40.7%. Non-GAAP operating expenses are expected between $15.5 million and $17.5 million as the company increases spending on product development, customer support and supply-chain readiness. Navitas Semiconductor currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices ADI, Applied Materials (AMAT) and Cisco Systems CSCO, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Analog Devices have rallied 37.1% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating an increase of 59.4% year over year. Shares of Applied Materials have skyrocketed 101.1% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by 4 cents over the past 30 days, indicating a rise of 28.9% year over year. Cisco Systems shares have surged 48.7% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, indicating an increase of 12.3% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Navitas Semiconductor Corporation (NVTS) : Free Stock Analysis Report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Navitas Semiconductor Corporation NVTS used its second-quarter earnings call to highlight a major business transition toward high-power markets, with management pointing to AI infrastructure as a central growth driver. The company outlined progress on its Navitas 2.0 transformation, including stronger revenue momentum, expanding product opportunities, and a shift away from mobile and low-end consumer exposure. CEO Chris Allexandre said Navitas has accelerated its transition into a high-power semiconductor company, with revenues increasingly driven by AI data center and energy infrastructure opportunities. He noted that high-power markets grew more than 50% year over year in the quarter. Allexandre highlighted that second-quarter revenues increased 22% sequentially to $10.5 million, supported by higher demand across high-power markets. The company expects mobile and low-end consumer revenue contribution to become insignificant by year-end. Management emphasized that AI infrastructure is expected to represent more than one-third of total sales by the end of the year, supporting continued growth momentum into 2027. Navitas said its advantage comes from offering both gallium nitride (GaN) and high-voltage silicon carbide (SiC) solutions across AI power systems. Allexandre said that this combination allows the company to participate across multiple stages of data center power evolution. NVTS discussed several AI infrastructure opportunities, including AC/DC power supplies, DC/DC conversion systems, battery backup units and future 800V architectures. Management said that these programs involve multiple customers and platforms rather than a single deployment opportunity. Navitas also introduced additional SiC products, including JFET technology aimed at AI data centers and energy grid infrastructure. Management said the product line expands its addressable market by nearly $1 billion by 2030. During Q&A, a Needham analyst asked about potential delays to 800V AI data center architectures. Allexandre said that the company’s outlook remains supported by multiple adoption stages, including earlier SiC and GaN opportunities before native 800V systems. Management described a phased transition, beginning with higher-density AC/DC power systems and progressing toward broader 800V adoption across computing architectures. Allexandre said that the company expects several programs across hyperscalers, OEMs and ODMs to contribute over time. Navitas also noted that AI infrastructure growth is already occurring ahead of the full 800V transition, with current demand supported by increasing power requirements in data centers. Navitas continued investing in its technology roadmap, including new SiC products, GaN platforms, and expanded manufacturing partnerships. Management said its partnership with Magnachip supports broader adoption of GeneSiC technology and additional supply chain flexibility. CFO Tonya Stevens said the company ended the quarter with $557 million in cash and no debt after raising approximately $373 million during the period. The additional capital is intended to support capacity expansion, supply initiatives, and strategic investments. The company also increased inventory and prepaid expenses to support anticipated AI data center demand and maintain supply readiness for future customer programs. Navitas guided third-quarter 2026 revenues to $13.5 million, plus or minus $0.5 million, indicating a 28% sequential increase at the midpoint. Management expects growth to come from high-power markets and a continued shift in revenue mix. Gross margin guidance for the third quarter was set at 39.7%, plus or minus 100 basis points, as the company continues moving toward higher-value products. Operating expenses are expected between $15.5 million and $17.5 million as Navitas increases targeted investments. The company reported second-quarter non-GAAP loss per share of $0.04, in line with the Zacks Consensus Estimate. Revenues of $10.5 million exceeded the Zacks Consensus Estimate of $10 million. Navitas Semiconductor Corporation price-consensus-eps-surprise-chart | Navitas Semiconductor Corporation Quote Management said that the Navitas 2.0 transformation is substantially complete, with the focus shifting toward execution, scaling operations and progressing toward profitability. Allexandre emphasized that growth opportunities span multiple customers, platforms and power applications. The company’s near-term priorities remain revenue expansion, gradual gross margin improvement, and disciplined investment in products supporting AI infrastructure demand. NVTS carries a Zacks Rank #3 (Hold) at present, which indicates the stock currently has a neutral Zacks Rank classification. The Zacks Rank focuses on earnings estimate revisions and can change as analysts update their outlook following new financial information. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company currently has a Momentum Score of A, a Growth Score of C, a Value Score of F and a VGM Score of D. The Zacks Style Score evaluates value, growth, momentum and combined characteristics, with higher grades representing stronger relative attributes within each style category. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Navitas Semiconductor Corporation (NVTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: Increased 22% sequentially to $10.5 million. Gross Margin: Expanded by 50 basis points sequentially and 100 basis points year-over-year to 39.5%. Operating Expenses: $15.5 million, compared to $15.0 million in the prior quarter. Loss from Operations: $11.4 million, compared to a loss of $11.7 million in the prior quarter. Net Loss per Share: $0.04, flat compared to the prior quarter. Cash and Cash Equivalents: $557 million at the end of the second quarter. Inventory: $19.5 million, up from $14.9 million in the prior quarter. Third Quarter Revenue Guidance: Expected to increase 28% to $13.5 million, plus or minus $0.5 million. Third Quarter Gross Margin Guidance: Expected to be 39.7% plus or minus 100 basis points. Third Quarter Operating Expenses Guidance: Anticipated to range between $15.5 million to $17.5 million. Warning! GuruFocus has detected 4 Warning Signs with NVTS. Is NVTS fairly valued? Test your thesis with our free DCF calculator. Release Date: July 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Navitas Semiconductor Corp (NASDAQ:NVTS) reported a 22% sequential increase in revenue, reaching $10.5 million, driven by growth in high-power markets. The company is successfully transitioning to focus on high-power markets, with AI infrastructure expected to represent more than one-third of total sales by year-end. Navitas Semiconductor Corp (NASDAQ:NVTS) is seeing strong momentum in its GaN and high-voltage SiC products, particularly in AI data centers and grid energy infrastructure. The company has a substantial cash balance of $557 million, providing flexibility for strategic investments and supporting ongoing transformation. Navitas Semiconductor Corp (NASDAQ:NVTS) has secured a strategic partnership with MagnaChip, enhancing its technology reach and supply chain resilience. The company is facing litigation from Wolfspeed and Renesas, which could pose legal and financial risks. Navitas Semiconductor Corp (NASDAQ:NVTS) reported a loss from operations of $11.4 million in the second quarter, indicating ongoing financial challenges. The company is experiencing a decline in revenue from mobile and low-end consumer markets, which are becoming insignificant. There is uncertainty around the adoption of 800-volt architectures, which could impact future revenue projections. Navitas Semiconductor Corp (NASDAQ:NVTS) is increasing its operating expenses to support growth, which may affect short-term profitability. Q: Can you comment on the adoption of 800-volt architectures and any impact on your 2027 revenue outlook? A: Christophe Allexandre, President and CEO, explained that the adoption of 800-volt architectures is progressing in steps, with multiple GPUs and platforms involved. He emphasized that Navitas is strategically positioned with both GaN and SiC technologies, allowing them to capture content across various stages of the transition. He confirmed that there is no change in their 2027 revenue outlook due to these developments. Q: What are the initial applications for your new silicon carbide JFET product line? A: Christophe Allexandre stated that the new JFET product line is targeted at safety-critical applications within AI data centers and energy grid infrastructure. These include solid-state circuit breakers and other protection circuits, which are becoming increasingly important as power levels rise. Q: Can you provide more details on the MagnaChip partnership and its expected contributions? A: Christophe Allexandre explained that the partnership with MagnaChip is not primarily about licensing revenue but about expanding Navitas' market reach and securing additional foundry capacity. This collaboration will allow Navitas to serve more markets and customers with their Genetec technology. Q: Could you comment on the Wolfspeed litigation and its potential impact? A: Christophe Allexandre refrained from discussing specifics but suggested that the litigation appears to be a campaign of harassment and intimidation. He emphasized that Navitas respects intellectual property and will defend itself, noting that the timing of the lawsuits seems strategic rather than coincidental. Q: What are your expectations for revenue mix between high-end compute and data center exiting this year? A: Tonya Stevens, CFO, indicated that AI infrastructure is expected to constitute one-third or more of total revenue by year-end. Christophe Allexandre added that the company has pivoted away from mobile exposure, with AI infrastructure driving significant growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Navitas Semiconductor Corporation? Here are five stocks we like better. Revenue growth accelerated: Navitas reported Q2 revenue of $10.5 million, up 22% sequentially, driven by more than 50% year-over-year growth in high-power markets as it exits mobile and low-end consumer applications. AI infrastructure is becoming a major growth driver: Management expects AI-related data-center, grid and energy revenue to exceed one-third of total sales by year-end, supported by expanding GaN and SiC demand and a multistage transition toward 800-volt power architectures. Strong outlook but higher spending ahead: Navitas forecast Q3 revenue of $13.5 million at the midpoint, representing 28% sequential growth, while planning to raise quarterly operating expenses by $1 million to $1.5 million for research, customer support and production readiness. Power Struggle: Wolfspeed Sues Navitas Over AI Chips Navitas Semiconductor (NASDAQ:NVTS) reported second-quarter 2026 revenue of $10.5 million, up 22% sequentially from $8.6 million in the first quarter, as growth in higher-power markets offset the company’s continued exit from mobile and low-end consumer applications. President and CEO Chris Allexandre said the company’s “Navitas 2.0” transformation is substantially complete, with the business increasingly centered on gallium nitride, or GaN, and high-voltage silicon carbide, or SiC, products for artificial intelligence infrastructure, grid and energy systems, performance computing and industrial electrification. → MarketBeat Week in Review – 07/20- 07/24 From Crypto to AI: Insiders Are Trading These 3 Stocks “High-power markets grew more than 50% year-over-year,” Allexandre said, adding that nearly all sales are expected to come from high-power applications by the end of 2026. He said revenue from mobile and low-end consumer markets is expected to become insignificant by year-end. Management said AI infrastructure, including data centers and the grid and energy systems needed to power them, is expected to account for more than one-third of total revenue by the end of the year. The company said both its GaN and SiC product lines contributed to sequential growth during the second quarter, with particular acceleration in SiC. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Navitas: NVIDIA’s AI Power Broker? Allexandre said Navitas is seeing demand before the broader transition to native 800-volt DC data-center architectures. Higher power requirements in AC/DC power supplies are increasing demand for higher-density solutions and accelerating the replacement of silicon with SiC, he said. The company outlined several anticipated stages in the evolution of AI data-center power systems: Higher-power AC/DC power supply units using SiC are already ramping and are expected to continue through 2027. Power sidecar architectures with 800-volt DC output are expected to add SiC and GaN content beginning in 2027. Native 800-volt systems, in which DC/DC conversion moves closer to GPU and XPU compute trays, are expected to ramp from mid- to late 2027 and accelerate into 2028. Solid-state transformers and broader grid-to-rack 800-volt DC systems represent a longer-term opportunity beginning in 2028 and beyond. → 2 Stocks Built to Thrive If Inflation Refuses to Fade During the question-and-answer session, Allexandre said the company does not expect market discussion surrounding potential changes to certain 800-volt data-center platforms to alter its outlook. He said adoption will occur through multiple customers, platforms and stages rather than through a single transition. Chief Financial Officer Tonya Stevens said non-GAAP gross margin expanded to 39.5%, up 50 basis points sequentially and 100 basis points from the prior-year quarter. The improvement reflected a more favorable mix of higher-value, high-power products and increased revenue scale. Non-GAAP operating expenses were $15.5 million, compared with $15.0 million in the first quarter and $16.1 million a year earlier. The company reported a non-GAAP operating loss of $11.4 million, compared with a $11.7 million loss in the prior quarter. Non-GAAP loss per share was $0.04, unchanged sequentially and improved from a $0.05 loss a year earlier. Stevens said the company plans to increase quarterly operating expenses by approximately $1 million to $1.5 million beginning in the third quarter, primarily for research and development, customer engineering support and operational readiness for expected production ramps. She said the planned increase remains below the company’s expected revenue-growth rate. On a GAAP basis, Navitas recorded a non-cash charge of $203 million associated with earn-out share provisions from its 2021 business combination. Stevens said the earn-out was fully recognized and settled by the end of the second quarter, and the company does not expect further charges related to that liability. For the third quarter, Navitas forecast revenue of $13.5 million, plus or minus $500,000. At the midpoint, the outlook would represent 28% sequential growth and a return to year-over-year revenue growth, according to management. The company projected non-GAAP gross margin of 39.7%, plus or minus 100 basis points, and non-GAAP operating expenses of $15.5 million to $17.5 million. Allexandre said record book-to-bill levels and backlog extending beyond 2026 support management’s expectation for continued double-digit quarterly growth during the second half of 2026. Management did not quantify how much anticipated 2027 growth is covered by committed programs versus programs still moving through qualification. Navitas ended the quarter with $557 million in cash and cash equivalents, up from $221 million at the end of the first quarter. The increase primarily reflected approximately $373 million of capital raised during the quarter at an average stock price of $21.89. The company said it has no debt. Inventory rose to $19.5 million from $14.9 million in the prior quarter, while prepaid expenses and other current assets increased by about $15 million for anticipated wafer receipts. Stevens said the inventory build is intended to support expected AI data-center demand and help ensure continuity for customers during the company’s transition to 8-inch GaN manufacturing. Allexandre said lead products from Navitas’ GlobalFoundries partnership are on track for customer sampling and qualification before year-end, with initial qualified products expected in early 2027. He said Navitas has also secured buffer capacity at TSMC to support existing customers through 2029 and beyond. The company also announced a SiC technology licensing partnership with Magnachip. Allexandre said the arrangement is intended to expand adoption of Navitas’ GeneSiC technology in markets Navitas does not directly serve and could eventually provide an additional foundry source for SiC wafers. Navitas plans to introduce a 1.2-kilovolt SiC JFET product line early next year, targeting AI data centers, solid-state transformers and energy-grid infrastructure. Management said the new product family could address an additional $1 billion of serviceable available market by 2030. Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems. Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Navitas Semiconductor Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Total revenue grew 22% sequentially with high-power markets growing more than 50% year-over-year and driving expanded gross margin Revenue growth expected to accelerate in the third quarter, with the mid-point of guidance representing sequential growth of 28% coupled with further margin expansion Strong backlog and demand support continued double-digit growth in the fourth quarter, contributing to anticipated achievement of mid-single-digit revenue growth for the full year, while simultaneously having substantially exited the mobile market and completing the Navitas 2.0 transition to a high-power company Growth increasingly driven by AI Infrastructure markets, including AI Data Centers and Grid and Energy Infrastructure, which will represent more than one-third of total sales by year end and generate strong momentum into 2027 TORRANCE, Calif., July 27, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor, (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced unaudited financial results for its second quarter 2026 ended June 30, 2026. “Our strong second quarter results and expectations for continued double-digit quarterly growth in the second half of the year demonstrate the increasing traction of our strategic shift to Navitas 2.0 and focus exclusively on high-power markets,” stated Chris Allexandre, President and CEO of Navitas. “With the rapid adoption of AI, we are seeing accelerated market demand to overcome critical power bottlenecks in AI infrastructure, both within AI data centers as well as the requisite grid and energy infrastructure needed to power them. By the end of the year, Navitas will complete its transition with revenue from mobile and low-end consumer being insignificant and nearly all sales coming from high-power markets. “Underpinning our growing momentum is Navitas’ unique ability to deliver high-power products with both GaN and high-voltage SiC technologies, enabling the distinct power requirements across AI infrastructure applications. We are seeing an expanding backlog, record level book-to-bill, and shipping volume production samples of our GaN and SiC-based solutions in support of multiple customer new program ramps. These production samples across GaN, HV SiC and UHV SiC include shipments in support of existing customer engagements for next-generation AI data centers targeting 800 V architectures. We expect selected hyperscalers and XPU platforms to ramp in 2027 as well as accelerated uptake of new grid infrastructure products. As we execute toward a series of inflection points that will drive explosive GaN and SiC content growth in years to come, we are confident in Navitas’ ability to capitalize on the substantial and growing market opportunity for high-power solutions.” Commenting on the results, Tonya Stevens, CFO of Navitas, stated, “Our second quarter results reflect the Company’s continued strong momentum and growth in high-power markets with total revenue growing 22% sequentially to $10.5 million, and gross margin expanding 50 basis points on a non-GAAP basis. Additionally, we capitalized on the opportunity to further strengthen the balance sheet – ending the quarter with $557 million in cash, increasing our flexibility to make focused strategic investments in our portfolio and capacity expansion as well as support accelerated market penetration across AI infrastructure. We expect to deliver continued double-digit sequential growth in the third quarter, which will also represent a return to year-over-year revenue growth as well as position the Company to achieve mid-single-digit revenue growth for the full year, highlighting the completed transformation to Navitas 2.0 as a high-power company.” Second Quarter 2026 Financial Highlights Revenue: Total revenue was $10.5 million in the second quarter of 2026, compared to $8.6 million in the first quarter of 2026 and $14.5 million in the second quarter of 2025. Gross Margin: GAAP gross margin for the quarter was 0.4%, compared to (9.3%) in the first quarter of 2026 and (11.8%) in the second quarter of 2025. GAAP gross margin for the current and prior periods includes approximately $4 million of cost associated with amortization of intangibles. On a non-GAAP basis, gross margin for the quarter was 39.5% compared to 39.0% in the prior quarter and 38.5% in the second quarter of 2025. Results from Operations: GAAP loss from operations for the quarter was $27.2 million, compared to a loss of $27.8 million for the first quarter of 2026 and an operating loss of $21.7 million for the second quarter of 2025. On a non-GAAP basis, loss from operations for the quarter was $11.4 million compared to a loss of $11.7 million for the prior quarter and a loss of $10.6 million in the second quarter of 2025. Net Results: GAAP net loss was $228.2 million in the second quarter of 2026, which included a non-cash charge of $203.1 million from the final remeasurement of earnout liabilities, compared to a net loss of $33.8 million in the first quarter of 2026 and a net loss of $49.1 million in the second quarter of 2025. On a non-GAAP basis, net loss for the quarter was $9.3 million, compared to a net loss of $9.8 million for the prior quarter and a net loss of $9.8 million in the second quarter of 2025. Cash: Cash and cash equivalents were $557.4 million as of June 30, 2026, compared to $236.9 million as of December 31, 2025. Recent Business, Customer and Technology Highlights: Introduced breakthrough Isolated TO product family purpose‑built for 1.2 kV to 3.3 kV SiC MOSFETs, enabling direct-cooled thermal management and delivering module‑like performance in a compact discrete form factor. Expanded existing SiC portfolio with newly introduced 1.2 kV JFET product line, to be released by early 2027 – initially targeting AI data centers, solid-state transformer and energy grid infrastructure applications, which are estimated to represent an incremental $1 billion SAM. Deepened collaboration with NVIDIA MGX™ Ecosystem in support of accelerating 800 V DC rack architectures for next-generation AI data centers with demonstration of 800 V-to-6 V DC-DC power delivery board at COMPUTEX 2026. Continued advancement of growing engagements for both SiC and GaN-based high-power solutions in support of numerous customers’ design programs and architectures across AI Infrastructure, including next-generation applications in AI Data Centers and Grid and Energy Infrastructure. Third Quarter 2026 Business Outlook Third quarter 2026 net revenues are expected to increase to $13.5 million, plus or minus $0.5 million, which at the midpoint represents 28% sequential growth and would mark a return to year-over-year growth. Non-GAAP gross margin is expected to be 39.7%, plus or minus 100 basis points, which at midpoint represents a 20 basis point increase, and non-GAAP operating expenses are expected to be in a range between $15.5 and $17.5 million. A reconciliation of our forward-looking non-GAAP gross margin and non-GAAP operating expenses to the most directly comparable GAAP measures is not provided because such items cannot be reasonably calculated without unreasonable efforts due to the unpredictability of the amounts and timing of events affecting the items we exclude, including stock-based compensation expense and restructuring charges. Second Quarter 2026 Financial Results Conference Call and Webcast Information: When: Monday, July 27, 2026Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Toll Free Dial-in: 1-800-715-9871 or 1-646-307-1963Conference ID: 1184638Webcast: Click Here Additionally, a live and archived audio webcast of the conference call as well as supporting presentation materials will be accessible from the Investor Relations section of the Company’s website at ir.navitassemi.com. Non-GAAP Financial Measures This press release and statements in our public webcast include financial measures that are not calculated in accordance with generally accepted accounting principles (“GAAP”), which we refer to as “non-GAAP financial measures,” including (i) non-GAAP gross profit, (ii) non-GAAP gross margin, (iii) non-GAAP operating expense, (iv) non-GAAP research and development expense, (v) non-GAAP selling, general and administrative expense, (vi) non-GAAP loss from operations, (vii) non-GAAP operating margin, and (viii) non-GAAP net loss and net loss per share. Each of these non-GAAP financial measures is adjusted from GAAP results to exclude certain items, which for the periods presented include stock-based compensation and associated employer payroll taxes; amortization of acquisition-related intangible assets; changes in the fair value of earnout liabilities; restructuring and impairment charges; legal and related professional fees associated with matters that are extraordinary, non-recurring, or outside the ordinary course of business; equity method investment losses or gains; and certain other items identified in the “Reconciliation of GAAP Results to Non-GAAP Financial Measures” tables below. These items are generally non-cash in nature, relate to discrete events or activities, or vary in amount and frequency for reasons independent of our underlying operating performance. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary independently of business performance. We believe these non-GAAP financial measures offer an additional view of our operations that, when coupled with the GAAP results and the reconciliations from corresponding GAAP financial measures, provide a more complete understanding of the results of operations. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Cautionary Statement Regarding Forward-Looking Statements This press release, including the paragraph headed “Third Quarter 2026 Business Outlook,” includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current indications of customer interest, all of which are based on various assumptions, whether or not identified in this press release. All such statements are based on current expectations of the management of Navitas and are not predictions of actual future performance. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance are beyond the control of Navitas, and forward-looking statements are subject to a number of uncertainties. Our business is subject to certain risks that could materially and adversely affect our business, financial condition, results of operations, or the value of our securities. These and other risk factors are discussed in the Risk Factors section of our most recent annual report on Form 10-K, as updated in the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements. Examples of some of these risk factors include: Risks Related to High-Power Markets: Last year, we announced an enhanced focus on AI data centers, energy and grid infrastructure, performance computing and industrial electrification, and a de-emphasis on mobile and consumer products. We may not successfully execute our strategic transition to these new markets and customer applications, which could adversely affect our business, results of operations, and financial condition. This strategic realignment entails significant operational, technical, and market risks. Our success in these markets depends on factors including our ability to (i) develop and scale semiconductor solutions that meet demanding power, efficiency, and performance requirements of our customers; (ii) compete against established incumbents with substantial R&D and manufacturing resources; (iii) anticipate rapidly evolving customer needs and technological standards in these high-power and high-performance segments; and (iv) secure design wins and long-term supply agreements in new and unfamiliar market segments. Market Acceptance and Addressable Market Uncertainty: The demand for our products, and our customers’ products, in new or emerging markets is difficult to forecast, as customer preferences may not be fully known and can evolve rapidly. Further, demand for our products depends on the acceptance of underlying new and developing system architectures. For example, our predictions for the use of GaN- and SiC-based products in 800 V AI data center power applications depend on assumptions regarding the acceptance and growth of 800 V systems themselves. Our forecasts are based on market opportunities across a “Serviceable Addressable Market” or “SAM”, which is based on a number of assumptions and predictions. We could be wrong about the size or timing of our SAM, which could in turn diminish the market opportunities available to us. Unpredictable Historical Data and Competitive Dynamics: In established markets, revenue projections can be supported by trends from prior periods. In contrast, there is little or no precedent for products aimed at new use cases, rendering traditional forecasting methods less reliable. To the extent our products reshape or create new market landscapes, the competitive environment may evolve in unexpected ways. For example, new competitors may emerge, or traditional competitors with established R&D and manufacturing resources, and long-standing customer relationships, may choose to offer competitive GaN or high-voltage SiC solutions. Other Risk Factors: Other risk factors related to our business include our ability to achieve design wins and to convince our current and prospective end customers to design our products into their product offerings, the risk that revenues from design wins may not materialize, the possibility that we may fail to accurately anticipate and respond to rapid technological change in the industries in which we operate or adapt to emerging industry standards, our dependence on a few key customers and distributors for a significant portion of our revenue, and the fact our business is subject to volatile demand and seasonal fluctuations. In addition, our supply chain is also subject to risks, including our reliance on single sources of supply for certain essential services, the risk that our suppliers may have quality, yield or capacity issues, the fact that we are exposed to fluctuations in prices for raw materials and components, and the risk that our products will not meet the reliability standards expected of high-power semiconductor devices. This is not a summary of all of the risks that could affect our business and you are encouraged to review the full list of risk factors in our SEC filings. Note Regarding Customer Pipeline and Design Wins In our investor and other communications we may refer to the terms “customer pipeline” and “design wins” in discussions of potential future business opportunities. Each of these terms, together with information we may disclose about anticipated future business in relation to these terms, constitutes “forward-looking statements” as described above and, accordingly, should be interpreted in light of related risks which, if materialized, could cause actual results to differ materially from those indicated from our view of customer pipeline and design wins today. More specifically, “customer pipeline” reflects estimated potential future business based on interest expressed by potential customers for qualified programs, stated in terms of estimated revenue that may be realized over the life of the customer’s end product. A “design win” reflects an end customer’s selection of a Navitas product for a specific production program, stated in terms of revenues that may be realized over the life of the customer’s end product. However, customer pipeline figures and design wins do not represent customer orders or forecasts, are not proxies for backlog or estimates of future revenue, and should not be considered as any other measure or indicator of financial performance. Rather, Navitas uses these terms to indicate the company’s current view of future potential business and related changes across various end markets. Time horizons vary based on product type and application. As a result, actual business realized will depend on several factors, including (i) whether potential customers ultimately choose the Navitas solution, (ii) the portion of the customer program awarded to the Navitas solution as compared to other sources in dual- or multiple-source cases, (iii) successful customer qualification of the selected solution, (iv) the time needed for customers to begin mass production, (v) the duration and pace of the customer’s ramp to full production, and (vi) strategic decisions of Navitas throughout the process based on expected revenues, margins and other factors relating to pipeline opportunities and design wins. About Navitas Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing and industrial electrification. With more than 30 years of combined expertise in wide-bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified. Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners. Investor Relations Contacts:Shelton GroupLeanne Sievers | Brett [email protected] (1) Includes employer payroll taxes on stock-based compensation and legal and related professional fees associated with matters that are extraordinary, non-recurring, or outside the ordinary course of business. (2) Includes restructuring and impairment charges and the other expense described in note (1). (3) The 2025 periods include the reversal of stock-based compensation expense due to award forfeitures following an employee termination. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ef6eb56-0dbe-49d2-953e-ef272c7f5ef4

Navitas Semiconductor (NASDAQ:NVTS) designs and develops advanced power integrated circuits, silicon carbide devices, and digital isolators for various enterprise and consumer applications. It recently entered a technical collaboration within the Nvidia ecosystem to develop data center power solutions, and it reported a -393% net income margin for the quarter ended March 31, 2026. ServiceNow (NYSE:NOW) delivers cloud-based software solutions that help large organizations streamline, automate, and manage digital workflows across their enterprise operations. It introduced new digital oversight tools and expanded partnership agreements at its annual conference, while reporting 8% net income margin for the quarter ended June 30, 2026. Revenue helps investors gauge the total amount of money a business brings in before any operating expenses or taxes are deducted. This metric helps investors measure a company’s overall size, market footprint, and long-term trajectory. Data source: Company filings. Data as of July 24, 2026. A look at the revenue trends for Navitas and ServiceNow reveal two companies headed in opposite directions. The former is seeing a self-inflicted decline in sales while the latter is generating quarter-over-quarter growth, an impressive feat to maintain consistently over time. Navitas’ revenue underwent a substantial drop over the past several quarters because the company decided to exit its mobile and consumer businesses in China last year to focus on artificial intelligence. The China market was responsible for 60% of sales in 2024. Navitas management expects the fourth quarter of 2025 to be the low point, and that revenue will rebound from there. That appears to be the case given the increase to $8.6 million in Q1. The company reports Q2 results on July 27, where it will need to continue demonstrating quarterly sales growth for its AI pivot to garner investor confidence. ServiceNow shares were hit hard earlier in 2026, dropping to a 52-week low of $81.24 in April, as Wall Street feared AI would take business away, leading to a sector-wide sell-off in software-as-a-service (SaaS) stocks. However, ServiceNow’s sales trend reveals business continues to expand. The company’s $4 billion in Q2 sales represented strong 24% year-over-year growth, leading to ServiceNow raising full-year guidance for its subscription income. Due to another outstanding quarter, ServiceNow shares are hovering around $100, showing signs of a rebound. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Navitas Semiconductor wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $371,519!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,281,302!* Now, it’s worth noting Stock Advisor’s total average return is 892% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of July 24, 2026. Robert Izquierdo has positions in Nvidia and ServiceNow. The Motley Fool has positions in and recommends Nvidia and ServiceNow. The Motley Fool has a disclosure policy. Navitas Semiconductor vs. ServiceNow: What Recent Quarterly Revenue Trends Tell Investors About These Tech Companies was originally published by The Motley Fool

Navitas Semiconductor NVTS is scheduled to report its second-quarter 2026 results on July 27, 2026. Navitas Semiconductor anticipates revenues of $10 million (+/- $0.5 million) for the second quarter of 2026. The Zacks Consensus Estimate for second-quarter revenues is pegged at $9.95 million, suggesting a year-over-year decline of 31.3%. The consensus mark for loss is pegged at 4 cents per share for the second quarter of 2026, unchanged over the past 30 days. NVTS reported a loss of 5 cents per share in the year-ago quarter. Image Source: Zacks Investment Research Navitas Semiconductor’s bottom-line results have matched the Zacks Consensus Estimate in three of the trailing four quarters, while beating once, with the average surprise being 5%. Navitas Semiconductor Corporation price-consensus-eps-surprise-chart | Navitas Semiconductor Corporation Quote Our proven model does not conclusively predict an earnings beat for Navitas Semiconductor this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Navitas Semiconductor has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. Navitas Semiconductor is a well-known provider of power semiconductors driven by its gallium nitride (GaN) business, under GaNFast, GaNSafe and GaNSense brands, along with silicon carbide (SiC) devices. Navitas Semiconductor is expected to have benefited from the growing demand for power that is served by the company’s GaN and SiC technologies. Navitas Semiconductor is shifting its focus toward high-power markets, such as artificial intelligence (AI) data centers, performance computing, energy and grid infrastructure, and industrial electrification. Its GaN and SiC chips are well-suited for new high-voltage systems that need more efficient power use. This strategic move aligns with the company’s Navitas 2.0 strategy, under which the company is reallocating resources toward high-power markets, pruning lower-margin mobile business and working more closely with hyperscalers, graphics processing unit vendors and system OEMs. Navitas Semiconductor’s inclusion in NVIDIA’s new 800-volt AI factory ecosystem is an important step. The new architecture shifts data center power distribution from traditional AC/DC stages to a high-voltage DC approach that requires faster, more efficient power electronics. This creates an opening for Navitas Semiconductor’s GaN and high-voltage SiC technologies, both of which are now part of the NVIDIA-led ecosystem. Navitas Semiconductor remains one of the few companies offering both GaN and SiC solutions across the full power path from the grid to the graphics processing unit. During the first quarter of 2026, the company launched a 20-kilowatt 800V-to-6V GaN platform for AI data centers and introduced new Gen 5 SiC products for AI power supplies. As AI infrastructure spending continues to grow, Navitas Semiconductor remains well-positioned to benefit from higher demand for its GaN and SiC products. The above-mentioned factors are likely to have contributed to the company’s prospects in the to-be-reported quarter. However, NVTS’ “Navitas 2.0” strategy involves moving away from mobile charging and consumer electronics toward higher-power AI and industrial markets. While this may improve long-term growth, it also introduces meaningful near-term revenue volatility. The company is effectively walking away from markets where it already had product traction and revenue history in exchange for newer markets with longer design cycles and more demanding qualification requirements. This transition could create revenue volatility over the next several quarters. Navitas Semiconductor shares have gained 41.1% over the past year, underperforming the Zacks Electronics - Semiconductors industry’s growth of 59.7%. Compared to other major players in the semiconductor space, NVTS has underperformed Lam Research LRCX, FormFactor FORM and Applied Materials AMAT. Over the past year, shares of Lam Research, FormFactor and Applied Materials have rallied 228.3%, 231.1% and 194.5%, respectively. Image Source: Zacks Investment Research Navitas Semiconductor is currently trading at a higher price-to-sales (P/S) multiple compared with the industry. NVTS’ forward 12-month P/S ratio sits at 49.49X, significantly higher than the industry’s forward 12-month P/S ratio of 13.61X. Image Source: Zacks Investment Research Navitas Semiconductor stock also trades at a higher P/S multiple compared with other industry peers, including Lam Research, FormFactor and Applied Materials. At present, Lam Research, FormFactor and Applied Materials have P/S multiples of 12.93X, 8.89X and 11.03X, respectively. Navitas Semiconductor is in a good position to benefit from the fast growth of AI data centers. Its GaN and SiC chips are well-suited for new high-voltage systems that need more efficient power use. Navitas Semiconductor’s inclusion in NVIDIA’s next-generation 800-volt DC “AI factory” positions NVTS in a large, fast-growing market where power design is becoming a priority, which bodes well for the company's prospects. However, NVTS faces near-term challenges due to weakness in its China business, where the company has decided to prune its low-margin mobile business and low-end consumer business, which have not yet been fully offset by growth in high-power segments. These are likely to have hurt the company's prospects in the near term. Navitas Semiconductor is well-positioned to ride on the long-term growth in the AI data center market. The company’s GaN and high-voltage SiC products now play a role in NVIDIA’s new 800-volt power setup, which shows that the technology is relevant and in demand. If the company executes well, it could see better margins, a stronger product mix and a clearer path to stable long-term growth. However, near-term risks from its decision to deprioritize its lower-margin mobile and consumer business, along with the company’s high valuation, warrant a cautious approach to the stock. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Navitas Semiconductor Corporation (NVTS) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Advanced Micro Devices (NASDAQ:AMD) primarily develops and sells microprocessors, graphics processing units, and custom system-on-chip solutions to hardware manufacturers and public cloud providers. It committed over $10 billion to scale advanced packaging capabilities in Taiwan, and it generated 14% net income margin for the quarter ended March 28, 2026. Navitas Semiconductor (NASDAQ:NVTS) primarily designs and markets gallium nitride and silicon carbide power integrated circuits for automotive, mobile, and consumer electronics applications. It recently responded to a patent infringement complaint filed by Wolfspeed, and it recorded -393% net income margin for the quarter ended March 31, 2026. Revenue serves as a foundational indicator of total customer demand before operating expenses are subtracted. Tracking this figure helps investors understand the total scale and top-line growth trajectory of a business. Data source: Company filings. Data as of July 17, 2026. While Advanced Micro Devices (AMD) and Navitas both benefit from growth in the artificial intelligence sector, a comparison of their revenue trends reveals that AMD is enjoying far greater success. It has experienced steadily rising sales growth while Navitas has seen a downward trajectory. However, Navitas’ revenue decline is intentional. The company decided to exit its mobile and consumer businesses in China last year to focus on AI. The China market produced 60% of revenue in 2024. Navitas management indicated sales would begin to recover this year. The company’s first-quarter revenue increased over Q4, suggesting that the predicted recovery may be happening. Even so, the share price has fallen in recent days, partly due to the Wolfspeed lawsuit, as well as Navitas’ decision to pursue a $500 million at‑the‑market equity program, which threatens shareholder dilution. As AMD’s revenue trend shows, its business is going strong. The company’s semiconductor chips are in demand to power AI systems. Its forte in CPU chips looks to boost revenue further over time as customers focus increasingly on AI inference capabilities, driving up demand for CPUs. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Advanced Micro Devices wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $371,842!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,244,783!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of July 19, 2026. Robert Izquierdo has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Wolfspeed. The Motley Fool has a disclosure policy. Advanced Micro Devices vs. Navitas Semiconductor: Here's What The Quarterly Revenue Trends of These Artificial Intelligence Companies Reveal to Investors was originally published by The Motley Fool