NASDAQ$NVTS
Navitas Semiconductor Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter 2024 financial results with record sales in GaN mobile fast-charger market.
Navitas Semiconductor reported Q3 2024 revenue of $21.7 million, a slight decrease compared to Q3 2023. The company is implementing a cost-reduction plan expected to save $2 million per quarter and streamline the organization.
- Record sales achieved in the GaN mobile fast-charger market.
- New, low-voltage GaN technology expanded into 48V Al data center, EV, and robotics markets.
- Strategic partnership established with Infineon Technologies to enable customer dual sourcing.
- Cost structure streamlined to improve the path to profitability.
Headline financials
Revenue & EPS history
Navitas Semiconductor · Revenue · Quarterly
$21.7M
Forward guidance
The company expects fourth quarter 2024 net revenues to be between $18.0 and $20.0 million. Non-GAAP gross margin for the fourth quarter is expected to be 40% plus or minus 50 basis points and non-GAAP operating expenses are expected to be approximately $20.5 million in the fourth quarter of 2024.
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 Q3 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% | — | — |
Discussion
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