Navitas Semiconductor Reports Q3 Revenue Beat Amid GAAP EPS Miss
Navitas Semiconductor (NVTS) reported third-quarter financial results featuring a revenue beat of $13.99 million, representing a 38.4% increase year-over-year. Despite the top-line growth exceeding expectations by $0.49 million, the company missed its GAAP earnings per share (EPS) target, reporting a loss of $0.14 compared to an expected $0.09. Looking ahead, Navitas provided long-term guidance projecting 7% revenue growth for the full year 2026, driven by its core high-power products. The results highlight a period of significant top-line expansion even as the company continues to navigate profitability challenges.
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