NASDAQ$NVTS
Navitas Semiconductor Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Navitas Semiconductor's financial performance improved in Q1 2024, marked by significant revenue growth and strategic technological advancements.
Navitas Semiconductor reported a 73% year-over-year increase in revenue for Q1 2024, reaching $23.2 million. The growth was driven by GaN adoption in mobile fast chargers and AI-based data centers, along with SiC sales in EV, solar, and industrial applications. The company's customer pipeline grew to $1.6 billion.
- Revenue increased by 73% year-over-year, reaching $23.2 million.
- GAAP loss from operations was $31.6 million, an improvement from $35.5 million in Q1 2023.
- Customer pipeline grew to $1.6 billion, indicating strong future demand.
- Cash and cash equivalents totaled $129.7 million as of March 31, 2024.
Headline financials
Revenue & EPS history
Navitas Semiconductor · Revenue · Quarterly
$23.2M
Forward guidance
For the second quarter of 2024, Navitas expects net revenues of $20 million, plus or minus $500 thousand. The company anticipates a non-GAAP gross margin of 40%, plus or minus 50 basis points, and non-GAAP operating expenses of approximately $21.5 million.
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 2024
+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% | — | — |
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