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Navitas Semiconductor (NVTS)
NASDAQ:NVTS
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -37.72%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
Navitas Semiconductor reported strong growth and achievements in its GaN business, design wins, and pipeline expansion, despite facing revenue challenges in certain markets and a decrease in gross margins. The company showed effective cost management and operational efficiency, positioning it well for future growth. However, challenges remain in the solar, industrial, and EV markets, as evidenced by the expected Q1 2025 revenue decline and issues with a silicon carbide distributor.Company Guidance
In the recent conference call, Navitas Semiconductor provided guidance on its future financial performance and strategic growth areas. For 2025, the company expects a Q1 revenue decline to between $13 million and $15 million due to normal mobile seasonality and ongoing inventory corrections in the solar, industrial, and EV markets. However, a modest recovery is anticipated in Q2, with expectations for healthy growth in the second half of the year, driven by $450 million in design wins from 2024. The design wins, which include a significant presence in the data center and EV sectors, are projected to ramp significantly in 2025 and 2026. Navitas aims for a corporate margin improvement with an eye on achieving a long-term gross margin goal of over 50%. Additionally, they forecast reaching EBITDA breakeven by 2026, facilitated by their streamlined operations and strategic focus on high-growth markets. The company has also reduced operating expenses through workforce and site consolidations, expecting these to stabilize at around $15.5 million per quarter following Q1 2025.Record Revenue Despite Market Slowdown
Navitas Semiconductor achieved an all-time high of $83 million in revenue for 2024 despite a semiconductor industry slowdown, marking a 5% increase from $79.5 million in 2023.
Strong GaN Business Growth
The GaN business segment grew over 50% in 2024, with significant contributions from mobile, consumer, appliance, and initial data center markets.
Significant Design Wins and Pipeline Growth
Navitas secured $450 million in design wins and nearly doubled its customer pipeline from $1.25 billion to $2.4 billion by the end of 2024.
Data Center Segment Expansion
The data center customer pipeline more than doubled to over $165 million from $70 million the previous year, with 40 customer project wins.
EV Sector Achievements
Over 40 design wins in the EV space, including the first GaN design win for an electric vehicle with China's Changan, and a rapid expansion of the EV pipeline to over $900 million.
Cost Management and Operational Efficiency
Operating expenses were reduced to $19.9 million in Q4, showing effective cost management while continuing investment in next-generation technologies.
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NVTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $2.89 | $2.39 | -17.30% |
| Nov 04, 2024 | $2.61 | $2.36 | -9.58% |
| Aug 05, 2024 | $3.05 | $3.21 | +5.25% |
| May 09, 2024 | $4.69 | $4.10 | -12.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Navitas Semiconductor (NVTS) report earnings?
Navitas Semiconductor (NVTS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Navitas Semiconductor (NVTS) earnings time?
Navitas Semiconductor (NVTS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVTS EPS forecast?
NVTS EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
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