Navitas Semiconductor Corp. announced that Tonya Stevens will become its chief financial officer effective March 30, 2026. Stevens brings more than three decades of global finance experience in the semiconductor, technology and manufacturing sectors, having served as chief accounting officer and interim CFO at Lattice Semiconductor and holding senior finance roles at Intel, Acumed and American Veterans Security.
Navitas is executing a “Navitas 2.0” transformation that shifts the company’s focus from legacy mobile and consumer markets to high‑power applications such as AI data centers, grid and energy infrastructure, performance computing and industrial electrification. Stevens will oversee the company’s financial strategy, investor relations, treasury and global finance organization, and is expected to reinforce financial discipline and operational rigor during a period of significant capital investment and revenue transition.
The company’s Q4 2025 results underscored the scale of the transition: revenue fell to $7.3 million, a 28 % sequential decline and 45 % year‑over‑year drop from $18.0 million in Q4 2024, while the GAAP operating loss widened to $41.4 million. The full‑year 2025 GAAP net loss reached $117 million, compared with $83.3 million in 2024. High‑power markets now accounted for the majority of revenue for the first time, and Navitas has secured strategic partnerships with NVIDIA for AI data‑center deployments and with GlobalFoundries to accelerate U.S.‑based GaN manufacturing.
CEO Chris Allexandre welcomed Stevens, saying, “I am super thrilled to welcome Tonya Stevens to our executive team as our new CFO. Tonya’s exceptional track record of financial leadership in the semiconductor industry—spanning executive roles at Lattice Semiconductor and Intel—brings the depth of expertise and strategic insight we need at this exciting stage of Navitas’ growth and transformation.” Stevens added, “My primary focus will be on reinforcing our financial foundation and discipline, instilling operational rigor and ensuring strategic alignment to enable the business to scale with velocity.”
Analysts noted that Navitas’ Q4 2025 revenue beat estimates by $0.35 million, while earnings per share remained in line with consensus. For Q1 2026, the company guided revenue of $8.0 million to $8.5 million, above the consensus estimate of $7.345 million. Investors are closely monitoring how Stevens’ experience in large semiconductor firms will influence Navitas’ cash burn, capital allocation and execution of its high‑power strategy.
The appointment signals management’s intent to strengthen financial discipline and operational rigor as Navitas continues to navigate the transition to high‑power markets, a shift that is expected to drive future revenue growth and profitability.
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