Navitas Semiconductor Announces Third Quarter 2026 Financial Results
Navitas posted Q3 2026 revenue of $14.0 million, up 33% sequentially and 38% year-over-year -- its first YoY growth since 2024 -- as its high-power business grew more than 50% sequentially. Non-GAAP gross margin expanded to 40.0% while GAAP net loss was $37.1 million (-$0.14 per share); non-GAAP net loss narrowed to $6.9 million (-$0.03). Cash stands at $531.5 million after capital raises and the Claros acquisition. Management guided Q4 revenue to $16.0 million at the midpoint (119% YoY growth), implying full-year 2026 growth of 7% as the company exits mobile/consumer entirely, with AI Data Centers and grid infrastructure expected to exceed 40% of sales by year-end.
Key figures
- Revenue
- 13991000
- Guidance
- Q4 2026 revenue $16.0M +/- $0.5M (14% sequential, 119% YoY at midpoint); non-GAAP gross margin 40.5% +/- 100bps; non-GAAP opex $25.0M +/- $1.0M
- Revenue Yoy
- 38%
- Backlog
- extends into mid-2027, book-to-bill well above one
- Revenue qoq
- 33%
- Gaap gross margin
- 21.5%
- Cash and equivalents
- 531479000
- Non gaap gross margin
- 40.0%
- High power sequential growth
- >50%
- Full year 2026 growth guidance
- 7%
- Ai infrastructure revenue share target
- >40% by year-end
AI analysis
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