NASDAQ$NVTS
Navitas Semiconductor Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced second quarter 2023 financial results with revenue up 110% from prior year and 35% from prior quarter.
Navitas Semiconductor reported a strong second quarter in 2023, with revenue reaching $18.1 million, a 110% increase year-over-year and a 35% increase from the previous quarter. The customer pipeline increased 30% to over $1 billion. The company's GAAP loss from operations was $27.2 million, while non-GAAP loss from operations was $9.6 million.
- Revenue up 110% from prior year, and up 35% from prior quarter.
- Customer pipeline increased 30% to over $1 billion, with growth across all markets.
- Cumulative shipments now exceed 100 million GaN and 12 million SiC devices.
- GAAP and non-GAAP gross margin for the second quarter of 2023 was 41.5%.
Headline financials
Revenue & EPS history
Navitas Semiconductor · Revenue · Quarterly
$18.1M
Forward guidance
Third-quarter 2023 net revenues are expected to increase to $21 million plus or minus 2%. Gross margin for the third quarter is expected to be relatively flat compared to the second quarter of 2023. Operating expenses, excluding stock-based compensation and amortization of intangible assets, are expected to be approximately $18.5 to $19.5 million in the third quarter of 2023.
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 Q2 2023
+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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