Navitas Semiconductor — Third Quarter 2026 Earnings Summary

Navitas Semiconductor reported third-quarter 2026 total revenue of $14.0 million, representing a 33% sequential increase and a 38% year-over-year growth driven by high-power markets. The company achieved a non-GAAP gross margin of 40.0% while substantially exiting the mobile and low-end consumer sectors, with high-power markets now expected to account for over 40% of total sales by year-end. Net loss for the quarter was $6.9 million on a non-GAAP basis, and the company closed its acquisition of Claros to expand its IVR technology portfolio for AI infrastructure. Looking ahead, Navitas forecasts fourth-quarter revenue of $16.0 million, projecting a full-year 2026 revenue growth of 7%.