Navitas Semiconductor Corp (NVTS) Form 10-Q — Nov 3, 2026
Navitas Semiconductor's Q3 2026 revenue jumped 38% year-over-year to $13.99M, driven primarily by U.S. data-center related demand, with U.S. now representing 53% of revenue versus 21% a year ago. Nine-month revenue still fell 14% to $33.1M as China mobile and consumer sales declined, and the nine-month net loss widened to $299.1M — though $211.0M of that was a non-cash earnout remeasurement loss tied to the settlement of legacy SPAC earnout shares.
Key figures
- Revenue
- 13991000
- Revenue Yoy
- Q3 2026 +38% YoY; nine months -14% YoY ($33.118M vs $38.620M)
- Total Assets
- 810059000
- Cash Position
- 531479000
- Shares Outstanding
- 269507528
- Q3 net loss
- $37.108M
- Impairment loss
- $7.2M on preferred equity investment
- Atm net proceeds
- $373.1M (17.4M shares, ~$380.7M gross)
- Nine month net loss
- $299.111M (includes $211.0M earnout fair-value loss)
- Remaining atm capacity
- $244.3M
- Earnout loss nine months
- $211.0M
- Restructuring expense q3
- $3.2M
- Claros cash consideration
- ~$126M net of $9.4M cash acquired
- Claros share consideration
- 6,912,669 shares valued ~$82.7M at $11.97
AI analysis
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