Navitas Semiconductor has announced unaudited financial results for the third quarter ended September 30, 2025.
Chris Allexandre, President and CEO of Navitas, commented, “I’m excited to be leading the Navitas 2.0 team at this pivotal moment, as demand accelerates across high-power semiconductor markets including AI data centers, performance computing, energy infrastructure, and industrial electrification. Our decade-long leadership in GaN and high-voltage SiC technologies positions us strongly to capitalize on these megatrends. With a clear strategic shift from lower-margin consumer and mobile markets to more sustainable and profitable high-power segments, we are executing focused changes in resource allocation, product development, and go-to-market strategy to drive long-term value for customers, employees, and shareholders.”
Financial highlights for the third quarter of 2025:
- Total revenue was $10.1 million, compared to $21.7 million in the third quarter of 2024 and $14.5 million in the second quarter of 2025
- GAAP loss from operations was $19.4 million, improving from a loss of $29.0 million in Q3 2024 and $21.7 million in Q2 2025
- Non-GAAP loss from operations was $11.5 million, compared to $12.7 million in Q3 2024 and $10.6 million in Q2 2025
- Cash and cash equivalents totaled $150.6 million as of September 30, 2025
Market, technology, and customer developments:
- Recognized by NVIDIA as a power semiconductor partner supporting its next-generation 800V DC AI factory architecture, reflecting Navitas’ leadership in GaN and high-voltage SiC technologies
- Expanded portfolio with newly launched 100V and 650V GaNFast FETs, GaNSafe ICs, and high-power SiC products tailored for AI power infrastructure
- Currently sampling 2.3kV and 3.3kV SiC modules to energy storage and grid-infrastructure customers
Near-term outlook:
For the fourth quarter of 2025, net revenue is projected to be approximately $7.0 million, plus or minus $0.25 million. This reflects the company’s decision to deprioritize lower-margin mobile and consumer businesses in China, streamline its distribution network, and reduce channel inventory in preparation for growth in high-power markets. Non-GAAP gross margin is expected to be around 38.5 percent, plus or minus 50 basis points. Non-GAAP operating expenses are expected to be approximately $15.0 million.
Navitas emphasized that these strategic moves are designed to align its product mix with long-term industry demand trends and strengthen its presence in key markets such as AI computing, industrial electrification, and renewable energy.
Original – Navitas Semiconductor