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Navitas Semiconductor (NVTS) reported a third-quarter 2025 non-GAAP loss of 5 cents per share, aligning with expectations but improving from a loss of 6 cents per share a year ago. Revenues fell 53.4% year-over-year to $10.1 million, slightly exceeding the Zacks Consensus Estimate. Since the Q3 report on November 3, shares have plunged 21.7% due to a disappointing earnings outlook and a forecasted decline in fourth-quarter revenues to approximately $7 million (+/- $0.25 million).
The company’s strategic shift away from low-margin products, particularly in China’s mobile market, aims to refocus resources on high-power business sectors. Navitas anticipates a gradual recovery starting in 2026, dependent on its ability to gain traction in the emerging AI data center market, particularly with its gallium nitride (GaN) and silicon carbide (SiC) technologies.
Despite recent challenges, Navitas shares are up 170.3% year-to-date, outperforming the Zacks Electronics – Semiconductors industry, which has grown 40.5%. Competitors like Lam Research and Ambarella have seen less robust growth, suggesting a favorable long-term outlook for Navitas if market demands for AI-related products materialize.
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