Abstract

Navitas Semiconductor Corp will release its quarterly results on February 24, 2026, Post Market. This preview summarizes consensus expectations for revenue, gross margin, net profit margin, and adjusted EPS for the quarter, reviews last quarter’s performance, and assesses segment trends and analyst views for the near term.

Market Forecast

For the current quarter, Navitas Semiconductor Corp’s revenue is forecast at $6.95 million with a year-over-year change of -63.47%, EBIT at -$12.32 million with a year-over-year change of 4.35%, and EPS at -$0.05 with a year-over-year change of 16.98%. Forecast detail on gross profit margin and net profit margin is not available. The company highlights continued traction in its core power semiconductors and gallium nitride solutions; the immediate focus is on stabilizing demand while preserving margins through cost discipline. The most promising segment is expected to be advanced power ICs and gallium nitride-based solutions, supported by design wins and customer qualifications; revenue and YoY details are not disclosed in forecasts.

Last Quarter Review

In the previous quarter, Navitas Semiconductor Corp reported revenue of $10.11 million, a gross profit margin of 37.89%, GAAP net profit attributable to the parent company of -$19.23 million, a net profit margin of -190.21%, and adjusted EPS of -$0.05 with a year-over-year change of 16.67%. Quarter-on-quarter net profit improved by 60.81% on the tool’s ratio basis. A notable development was tighter operating control that helped contain losses relative to revenue pressure, with EBIT at -$11.53 million and an EPS print that was close to consensus. Main business highlights were constrained by softer demand conditions and timing of customer ramps; detailed revenue breakdown by segment was not provided.

Current Quarter Outlook (with major analytical insights)

Main Business: Core Power Semiconductors and GaN Solutions

The main commercial engine remains power semiconductors, including gallium nitride-based solutions for fast chargers, data center power, and industrial applications. With forecast revenue at $6.95 million and expected EPS of -$0.05, the quarter implies challenging end-market demand and potentially cautious customer ordering. Given last quarter’s gross margin of 37.89%, the company’s ability to hold margins near that level will hinge on product mix, pricing discipline, and utilization rates across manufacturing partners. Operating expenses and inventory positioning will be closely watched, as elevated opex relative to revenue magnifies EBIT losses; the forecast EBIT of -$12.32 million suggests the company is prioritizing longer-term design-win activity over short-term profitability. Investors will look for signals on the cadence of new platform qualifications in consumer charging and enterprise power, as these often precede shipments by one to two quarters and can influence bookings visibility.

Most Promising Business: Advanced Power ICs and GaN Adoption

The most promising opportunity spans advanced GaN power ICs that integrate drivers, protection, and control functions for higher efficiency and compact form factors. While segment-level revenue and YoY data are not provided, the forecast YoY improvements in EPS and EBIT, alongside the large YoY decline in revenue, point to a strategic reshaping toward higher-value design wins and cost alignment. Progress in customer qualifications for next-generation chargers and server power supplies may translate into incremental shipments later in the year, especially as OEMs seek energy efficiency gains. For this quarter, the contribution may be modest due to ramp timing, but management commentary around design-win pipeline size and conversion rates will be a key determinant of the outlook for revenue recovery. Any update regarding multi-sourced platforms, reference designs, and collaborative launches with module partners could indicate faster commercialization and better margin resilience.

Stock Price Drivers This Quarter: Revenue Trough, Margin Signals, and Cash Discipline

Stock performance this quarter is most likely to react to whether the reported revenue approximates the $6.95 million forecast and whether gross margin holds near last quarter’s 37.89%. A smaller-than-expected revenue miss or an improvement in product mix could ease concerns about a prolonged demand trough. The net profit margin last quarter was -190.21%, reflecting negative operating leverage at the current scale; investors will seek evidence of opex moderation and improved conversion from EBIT to net income. Commentary on bookings, lead times, and inventory normalization at customers will shape expectations for the next two quarters. Confirmation of new program ramps in consumer fast-charging and data center power would support sentiment, while any signs of delays or cancellations could weigh on near-term valuation metrics.

Analyst Opinions

Analyst views appear mixed over the near term, with a cautious tone dominating. Craig-Hallum maintained a Hold rating, signaling balanced risk-reward given the revenue headwinds and the need for clearer visibility into design-win conversion and margin stabilization. The prevailing stance leans neutral rather than outright bullish or bearish, reflecting the expectation of a weak quarter on revenue but with potential for operational alignment and gradual improvement in EPS metrics. In this context, the majority view emphasizes a wait-and-see posture focused on execution against the pipeline, confirmation of customer ramps, and cost control to support margin trajectory in the coming quarters.