Overview

* Navitas Q3 2025 revenue beats analyst expectations despite declining yr/yr

* Company reports GAAP loss from operations improves compared to Q3 2024

* Navitas pivots to high-power markets, collaborating with NVIDIA on AI data centers

Outlook

* Navitas expects Q4 2025 net revenues of $7.0 mln, plus or minus $0.25 mln

* Company anticipates Q4 2025 non-GAAP gross margin of 38.5%

* Navitas forecasts Q4 2025 non-GAAP operating expenses at $15.0 mln

Result Drivers

* STRATEGIC PIVOT - Navitas is shifting focus from consumer to high-power markets like AI data centers and energy infrastructure

* NVIDIA COLLABORATION - Partnership with NVIDIA for AI factory computing highlights Navitas' GaN and SiC leadership

* PRODUCT PORTFOLIO - New GaNFast FETs and SiC modules support growth in high-power AI markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $10.11 $10 mln

Revenue mln (8

Analysts

)

Q3 Net -$19.23

Income mln

Q3 -$19.41

Income mln

from

Operatio

ns

Q3 $23.24

Operatin mln

g

Expenses

Q3 -$18.93

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy."

* Wall Street's median 12-month price target for Navitas Semiconductor Corp ( NVTS ) is $7.50, about 79.5% below its October 31 closing price of $13.46

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)