Navitas Semiconductor Stock Sinks After Q3 Guidance Disappoints

Benzinga2025-08-05

Navitas Semiconductor Corp reported second-quarter revenue of $14.49 million, beating analyst estimates of $14.38 million, according to Benzinga Pro. The company reported a second-quarter adjusted loss of five cents per share, in line with analyst estimates.

Navitas Semiconductor expects third-quarter revenue to be between $9.5 million and $10.5 million versus estimates of $15.67 million. The company said the lower guidance is largely due to China tariff risks and a more selective mobile strategy. Weak guidance for the third quarter appears to be dragging shares lower after hours.

Navitas shares tumbled 16% in after hours trading.

Navitas Semiconductor ended the period with $161.2 million in cash and cash equivalents.

“Despite industry-wide headwinds, I am pleased with our teams’ Q2 performance. We are sharpening our focus on AI data centers and energy infrastructure, built on our collaboration with NVIDIA and other leaders in the sector,” said Gene Sheridan, co-founder and CEO of Navitas Semiconductor.

“We were successful in creating an all-new market for GaN mobile chargers over the past five years, and now we intend to create an even bigger new market encompassing both GaN and SiC for AI data centers and related, critically-needed energy infrastructure.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1