Navitas Semiconductor reported first-quarter 2026 results showing sequential revenue growth as the company continues its transition toward higher-power applications centered on AI infrastructure, industrial electrification, and energy systems.

Revenue for Q1 2026 reached $8.6 million, up 18% sequentially from Q4 2025, although still below the $14.0 million reported in the prior-year quarter. The company highlighted that high-power applications now represent a growing majority of revenue, reflecting its strategic shift away from legacy mobile and consumer markets.

Non-GAAP gross margin improved slightly to 39.0%, while GAAP gross margin remained negative due to restructuring impacts and operating scale challenges. Navitas reported a GAAP operating loss of $27.8 million, though losses improved versus the previous quarter following restructuring actions. Cash and equivalents stood at $221 million at quarter-end.

Strategically, Navitas emphasized its “Navitas 2.0” transformation, positioning both GaN and high-voltage SiC technologies as key enablers of next-generation AI data center power architectures. During the quarter, the company showcased several high-profile developments, including:

  • An 800 V-to-6 V GaN-based power delivery board targeting AI data centers with up to 97.5% peak efficiency
  • A 250 kW solid-state transformer demonstrator developed with EPFL using 3300 V and 1200 V SiC technology
  • Expanded 5th-generation SiC MOSFET packaging solutions optimized for AI server power supplies

The company also strengthened leadership by appointing semiconductor veteran Gregory Fischer to its board as part of its broader transformation strategy.

Looking ahead, Navitas expects Q2 2026 revenue to grow to approximately $10 million, representing another quarter of double-digit sequential growth, alongside modest gross margin improvement.

From a market perspective, the results illustrate a broader industry trend: wide-bandgap semiconductor vendors are increasingly pivoting toward AI-driven power infrastructure opportunities. Navitas is positioning itself at the intersection of GaN and high-voltage SiC adoption, targeting fast-growing segments such as AI data centers, grid infrastructure, and industrial electrification.

While profitability remains a challenge, the company’s expanding engagement in high-power systems and AI-related architectures indicates growing traction in markets with significantly larger long-term revenue potential than its historical mobile-focused business.

Original – Navitas Semiconductor