Navitas Semiconductor
Designs GaN and high-voltage SiC power chips for data centers, grids, and industrial systems.
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Profile
Designs GaN power ICs, high-voltage SiC devices, controllers, and isolators for AI data centers, grid infrastructure, performance computing, and industrial electrification. Revenue is concentrated through distributors, while a fabless model relies on foundry, assembly, and testing partners across the United States and Asia.
Designs GaNFast gallium-nitride power ICs, GeneSiC high-voltage silicon-carbide MOSFETs and diodes, plus silicon controllers and digital isolators for power conversion. GaN serves high-frequency, high-density conversion, while SiC addresses high- and ultra-high-voltage systems. The portfolio now focuses on AI data centers, energy and grid infrastructure, performance computing, and industrial electrification.
Operates globally from Torrance, California, with a broad Asia footprint; revenue is concentrated in Hong Kong and routed mainly through component distributors. Its fabless model outsources wafer fabrication, assembly, and testing: TSMC and GlobalFoundries support GaN fabrication, X-Fab supports SiC, and Asian subcontractors handle most assembly. Results therefore depend on partner capacity, cost, yield, and operational execution.
Company facts
Key statistics
Year to date +37.0% · Average volume (30d) 14.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Morgan Stanley | Reiterate | Underweight | $13.70 | $12.60 | |
| Jul 28, 2026 | Jefferies | Target | $13 | |||
| May 6, 2026 | Needham | Reiterate | Buy | $4 | $21 | |
| May 6, 2026 | Morgan Stanley | Target | $4.40 | $13.70 | ||
| May 4, 2026 | Robert W. Baird | Target | $4 | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | −$0.04 | −$0.04 | +5.9% | $10.0M | $10.5M | +5.6% | −12.27% |
| May 5, 2026Q1 FY26 | −$0.05 | −$0.04 | +20.0% | $8.2M | $8.6M | +4.6% | −4.96% |
| Feb 24, 2026Q4 FY25 | −$0.05 | −$0.05 | 0.0% | $6.9M | $7.3M | +5.1% | +19.61% |
| Nov 3, 2025Q3 FY25 | −$0.05 | −$0.05 | 0.0% | $6.9M | $10.1M | +45.6% | −14.61% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.0M | $14.5M | $10.1M | $7.3M | $8.6M | $10.5M | |
| Gross profit | $5.3M | $2.3M | −$904.0K | $2.8M | −$1.5M | −$1.0M | |
| Operating income | −$25.3M | −$21.7M | −$19.4M | −$24.8M | −$27.3M | −$27.2M | |
| Net income | −$16.8M | −$49.1M | −$19.2M | −$31.8M | −$33.8M | −$228.2M | |
| Diluted EPS | −$0.09 | −$0.25 | −$0.09 | −$0.14 | −$0.15 | −$0.95 | |
| Gross margin | 37.9% | 16.1% | -8.9% | 38.1% | -17.4% | -9.5% | |
| Operating margin | -180.5% | -149.4% | -192.0% | -340.1% | -317.7% | -258.2% |
Fiscal years (4-quarter sums)FY21 $23.7M · FY22 $37.9M · FY23 $79.5M · FY24 $83.3M · FY25 $45.9M
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $557.4M · Total debt $5.1M · Total assets $832.4M · Shareholders' equity $801.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 261.09M · Float 226.13M · 86.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| SiCPower, LLC · 10 percent owner | 24.39M | 9.34% | Form 4 | May 30, 2025 |
| BlackRock, Inc. | 16.24M | 6.22% | 13F | Aug 7, 2026 |
| Ranbir Singh · director | 14.94M | 5.72% | Form 4 | May 29, 2026 |
| Jane Street Group, LLC | 12.30M | 5.30% | 13G | Jul 16, 2026 |
| D. E. Shaw & Co., Inc. | 9.58M | 3.67% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Richard J. Hendrix | director | −33,649 | $29.66 |
| May 28, 2026 | Richard J. Hendrix | director | −110,165 | $28.96 |
| May 28, 2026 | Gary Kent JR Wunderlich | director | −108,165 | $28.12 |
| May 28, 2026 | Ranbir Singh | director | −664,058 | $28.72 |
| May 27, 2026 | Ranbir Singh | director | −3,060,118 | $29.29 |
Peers
- Power Integrations
GaN power IC rival in chargers and AI data-center power
- Texas Instruments
Integrated GaN and power-management scale for data centers
- ON Semiconductor
SiC, vertical GaN, and silicon power across AI and EVs
- STMicroelectronics (ADR)
SiC and silicon power scale for EV, industrial, and AI uses
- Wolfspeed
SiC pure-play pressure in high-voltage power markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Navitas Semiconductor | $11.48 | −0.00% | $3.00B | — | — | 82.1 | −27.3% |
| Power Integrations | $51.52 | +0.05% | $2.87B | 115.8 | 30.7 | 6.4 | +2.7% |
| Texas Instruments | $258.44 | −0.09% | $236.20B | 39.3 | 27.2 | 12.1 | +22.8% |
| ON Semiconductor | $72.80 | +0.29% | $28.27B | 46.5 | 18.6 | 4.6 | +9.2% |
| STMicroelectronics (ADR) | $49.33 | −0.10% | $44.07B | 96.8 | 24.8 | 3.3 | +24.4% |
| Wolfspeed | $25.65 | −0.70% | $1.34B | — | — | 2.0 | −24.1% |
| Median | 71.7 | 26.0 | 4.6 | +9.2% |