NVTS · Navitas Semiconductor Corp
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Jul 27, 2026TL;DR. Navitas reported Q2 revenue of $10.5M (up 22% sequentially, with high-power markets up 50%+ YoY), is guiding Q3 to $13.5M (28% sequential growth and a return to YoY growth), and raised $373M of additional capital to end Q2 with $557M in cash, while announcing a Magnachip SiC licensing partnership, an NVIDIA MGX collaboration, a GlobalFoundries 8" GaN transition plan, and a new 1.2 kV JFET line targeting roughly $1B in incremental SAM.
- + Non-GAAP gross margin expanded to 39.5%, up 50 bps sequentially and 100 bps YoY, with further expansion guided in Q3
- + Balance sheet strengthened to $557M cash following a ~$373M raise, with no debt
- + Record book-to-bill and expanding backlog extending beyond 2026 supports continued double-digit sequential growth into Q4 and AI infrastructure targeted to exceed one-third of total sales by year-end
- + New strategic and technology wins: Magnachip SiC licensing partnership, NVIDIA MGX collaboration on 800V architectures, GlobalFoundries 8" GaN transition, and a 1.2 kV JFET line adding ~$1B in incremental SAM
- − OPEX is being increased by $1.0M-$1.5M per quarter starting in Q3 to fund R&D, customer support and supply chain readiness
- − Company faces new patent infringement lawsuits from Wolfspeed and Renesas, which the company characterizes as harassment but which constitute pending litigation risk
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Semiconductors — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NVTS
this stock
Navitas Semiconductor Corp
|
$2.10B | +60.1% | -44.9% | — | 21.8% |
|
NVDA
Nvidia Corp
|
$5.36T | +19.2% | +65.5% | 28.1 | 1.2% |
|
TSM
Taiwan Semiconductor Manufacturing Co Ltd
|
$2.25T | +43.0% | — | — | 0.6% |
|
AVGO
Broadcom Inc.
|
$1.62T | +3.3% | +18.2% | 43.3 | 1.1% |
|
SKHY
SK hynix Inc.
|
$1.33T | — | — | — | 0.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NVTS | -1.7% | -11.9% | +38.0% | -1.4% | +60.1% |
| SPY | -0.3% | -0.1% | +20.1% | -0.7% | +11.7% |
| vs SPY | -1.4% | -11.8% | +17.9% | -0.7% | +48.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.