Navitas Semiconductor Shares Drop Over 12% After Disappointing Earnings Report
Navitas Semiconductor (NASDAQ: NVTS) saw its stock fall more than 12% on July 28, 2026, following the release of disappointing second-quarter financial results. The chipmaker reported revenue of $10.5 million for Q2 2026, a decline from $14.5 million in the same period last year and below analysts' expectations for adjusted net income per share. While Navitas beat top-line estimates, it significantly missed on its bottom line, which hurt investor sentiment. The company attributed some optimism to sequential revenue growth of 22% and highlighted a strategic shift toward high-power markets like AI data centers as part of its 'Navitas 2.0' initiative. However, the earnings miss overshadowed this narrative. Navitas also provided guidance for Q3 with expected revenue between $13 million and $14 million but did not offer net income projections. The sharp drop in share price reflects investor concerns over declining revenues and unmet expectations. The company will need to demonstrate strong execution of its new strategy if it is to regain market confidence.