Navitas Semiconductor Announces First Quarter 2026 Financial Results
Navitas Semiconductor reported Q1 2026 revenue of $8.6 million, up 18% sequentially, driven by a 35% year-over-year increase in high-power markets like AI data centers and energy infrastructure. Non-GAAP gross margin expanded 30 basis points sequentially to 39.0%, while the company maintained a strong cash position of $221 million.
Key figures
- Revenue
- 8598000
- Guidance
- Q2 2026 net revenue $10.0M +/- $0.5M (16% sequential growth at midpoint); Non-GAAP gross margin 39.25% +/- 75bps
- Revenue Yoy
- -38.7%
- Cash
- 221008000
- Non gaap gross margin
- 39.0%
- Non gaap operating loss
- 11659000
AI analysis
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