Earnings Releases·Nov 3, 2026, 4:08 PM ET

Navitas Semiconductor — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $14.0 million, up 33% sequentially and 38% year-over-year, while non-GAAP gross margin expanded to 40.0% and non-GAAP net loss narrowed to $6.9 million.
Q4 2026 revenue guidance is set at $16.0 million, implying 14% sequential growth, with high-power markets projected to exceed 40% of total sales by year-end.
The company closed the acquisition of Claros, Inc. on October 6, 2026, and announced strategic partnerships with NVIDIA, Microchip, and Magnachip to advance 800 V architectures for AI infrastructure.
Management confirmed the exit from mobile and low-end consumer markets by year-end 2026, citing strong momentum in AI data centers and energy grids with a backlog extending into mid-2027.
Cash and cash equivalents increased to $531.5 million as of September 30, 2026, following a Q2 GAAP net loss that included a $203.1 million non-cash earnout liability charge.