Navitas Semiconductor Corp. reported fourth‑quarter 2025 revenue of $7.296 million, a 59% decline from the $18.0 million earned in Q4 2024. The company posted a non‑GAAP earnings‑per‑share loss of $0.05, matching analyst expectations, while GAAP EPS was –$0.14, missing estimates by $0.09. A $16.6 million restructuring and impairment charge, of which $3.8 million was non‑cash, contributed to the loss. Revenue beat consensus estimates of $7.09 million, and the non‑GAAP EPS beat the consensus of –$0.05 by $0.00, indicating that the company’s cost‑control efforts were largely effective despite the transition costs.
The quarter marked the first time high‑power markets—AI data centers, grid infrastructure, and industrial electrification—accounted for a majority of Navitas’s revenue, while mobile‑charger sales fell below 25% of total revenue. "As evidence of our progress, high‑power markets contributed a majority of revenue for the first time," said President and CEO Chris Allexandre. The company’s Navitas 2.0 strategy is designed to shift the business from low‑margin consumer products to higher‑margin, high‑growth segments.
Navitas’s non‑GAAP gross margin contracted to 38.7% from 40.2% in the prior year, a 150‑basis‑point decline. The contraction reflects the one‑time restructuring charge and the capital‑intensive investment required to develop GaN and SiC solutions for high‑power applications. Management noted that the company is still in the early stages of the transition, which is expected to improve margins as scale and operational leverage grow.
For Q1 2026, Navitas guided revenue of $8.0 million to $8.5 million, above the analyst estimate of $7.49 million. The company expects sequential revenue growth driven by increased high‑power market contribution and a reduction in mobile exposure. "Looking ahead, we anticipate a return to top‑line sequential growth beginning in the first quarter," Allexandre said, adding that margin improvement would follow as the cost structure stabilizes.
Navitas formalized a long‑term strategic foundry and technology partnership with GlobalFoundries to accelerate U.S.‑based GaN manufacturing. The company also secured a partnership with NVIDIA, becoming a power selector partner for NVIDIA’s next‑generation 800‑volt DC AI factory architecture. "We also formalized engagements with multiple strategic partners, highlighted by a long‑term strategic foundry and technology partnership with GlobalFoundries to accelerate U.S.-based GaN manufacturing," Allexandre added.
Investors responded favorably to the results, citing the company’s strategic pivot to high‑power markets, the strong Q1 guidance, and a robust cash position of $236.9 million as key factors supporting confidence in Navitas’s long‑term trajectory.
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