Navitas Semiconductor Reports Q2 Non-GAAP EPS Loss and Revenue Beat
Navitas Semiconductor (NASDAQ: NVTS) reported a non-GAAP earnings per share loss of -$0.04 for the second quarter, in line with expectations. The company's revenue came in at $10.53 million, which beat estimates by $0.56 million but declined 27.3% year-over-year. Looking ahead, Navitas provided a business outlook for Q3 2026, forecasting net revenues of approximately $13.5 million (plus or minus $0.5 million), significantly above the consensus estimate of $11.06 million. This suggests an expected recovery in revenue growth despite ongoing market challenges. The results reflect a mixed performance for Navitas Semiconductor as it navigates industry headwinds but shows optimism with its forward-looking guidance.
Tickers: $NVTS
Topics: Earnings Guidance Revenue Beat