NASDAQ$NVTS
Navitas Semiconductor Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced first quarter 2022 financial results, with net revenues increasing and strategic customer wins achieved.
Navitas Semiconductor reported a 27% increase in net revenues to $6.7 million for Q1 2022 compared to Q1 2021. The company reinforced its leadership in mobile fast and ultra-fast chargers, shipping over 50 million units with zero reported GaN-related field-failures. Navitas also expanded its customer base and product offerings, including new wins with Samsung, vivo, and Motorola.
- Net revenues increased to $6.7 million, up 27% from Q1 2021.
- GAAP gross margin was 44.0%.
- Shipped over 50 million units with zero reported GaN-related field-failures.
- New strategic customers include Samsung, vivo and Motorola.
Headline financials
Revenue & EPS history
Navitas Semiconductor · Revenue · Quarterly
$6.74M
Forward guidance
Second quarter 2022 net revenues are expected to be between $8.0 and $9.0 million. Full-year 2022 net revenues are expected to double compared to 2021. GAAP gross margin is expected to be approximately 42% (+/- 1%) for the second quarter and 41% (+/-1%) for the full year.
Headwinds
- Short-term impact from China COVID-related shutdown softness in the supply chain.
- Softness in demand for smartphones.
- Slightly lower-than-expected Q2 revenues.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2022
+3.6%
Avg return
Earnings day
+2.8%
Avg return
5 days after
+15.8%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+32.0%
Q2 2022
Best reaction
-17.3%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.2% | +14.3% | +92.3% | |
| Q4 2025 | +19.8% | +15.6% | +0.2% | |
| Q3 2025 | -14.7% | -36.0% | -22.9% | |
| Q1 2025 | -4.6% | -6.0% | +202.5% | |
| Q4 2024 | -17.3% | -15.6% | -29.4% | |
| Q3 2024 | -8.5% | -16.3% | +24.4% | |
| Q2 2024 | -1.2% | -7.1% | -22.5% | |
| Q1 2024 | -10.5% | -12.7% | -2.8% | |
| Q4 2023 | -1.9% | -6.8% | -17.3% | |
| Q3 2023 | +7.4% | +9.9% | +29.3% | |
| Q2 2023 | +8.6% | -4.6% | -6.6% | |
| Q1 2023 | +27.8% | +36.0% | +60.0% | |
| Q4 2022 | +13.4% | +20.1% | +20.3% | |
| Q3 2022 | +0.2% | +21.2% | -0.7% | |
| Q2 2022 | +32.0% | +6.8% | -2.7% | |
| Q1 2022 | +19.7% | +25.9% | +6.8% | |
| Q2 2021 | -1.1% | -1.8% | -30.2% | |
| Q4 2021 | -12.3% | -13.1% | -12.5% | |
| Q3 2021 | +9.7% | +23.3% | +12.8% | |
| Q1 2021 | -0.3% | — | — | |
| Q4 2020 | -0.3% | — | — |
Discussion
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