Navitas Semiconductor Corporation ( (NVTS) ) has released its Q1 earnings. Here is a breakdown of the information Navitas Semiconductor Corporation presented to its investors.
Navitas Semiconductor Corporation is a leading pure-play company in the next-generation power semiconductor industry, specializing in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, with a focus on markets such as electric vehicles, solar energy, and data centers.
Navitas Semiconductor recently announced its financial results for the first quarter of 2025, highlighting several industry-first achievements in GaN and SiC technology. Despite a decrease in revenue compared to the previous year, the company emphasized its technological advancements and strategic design wins as key drivers for future growth.
The company reported a revenue of $14.0 million for Q1 2025, a decline from $23.2 million in the same quarter of 2024. However, Navitas reduced its GAAP loss from operations to $25.3 million, an improvement from the $31.6 million loss in Q1 2024. Notably, Navitas achieved significant milestones, including the release of the world’s first 650 V bi-directional GaN ICs and a new 12 kW platform for AI data centers, positioning itself for expansion in emerging markets.
Navitas continues to set industry benchmarks with over 250 million GaN units shipped and a remarkable field reliability record. The company is also expanding its SiC technology into commercial electric vehicles, with reliability exceeding automotive standards. These advancements, coupled with a robust pipeline of design wins, are expected to fuel growth in the coming years.
Looking ahead, Navitas anticipates steady revenue growth in the second quarter of 2025, with expectations set between $14.0 to $15.0 million. The company remains focused on leveraging its technological innovations to capture opportunities in new markets, aiming for sustained growth and profitability in the future.