NASDAQ$NVTS
Navitas Semiconductor Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Navitas Semiconductor reported a decrease in revenue and a larger GAAP operating loss in the fourth quarter of 2024 compared to the previous year, but saw significant growth in customer design-wins.
Navitas Semiconductor experienced a decline in revenue in Q4 2024, falling to $18.0 million from $26.1 million in Q4 2023. The company's GAAP operating loss widened to $39.0 million, compared to $26.8 million in the same period last year. Despite these financial setbacks, Navitas achieved record GaN revenues from mobile, consumer, and appliance sectors and secured an extraordinary $450 million in customer design-wins, particularly in data center and EV markets.
- Total revenue for Q4 2024 was $18.0 million, a decrease from $26.1 million in Q4 2023.
- GAAP loss from operations for Q4 2024 was $39.0 million, a significant increase from $26.8 million in Q4 2023.
- Navitas achieved record GaN revenues from mobile, consumer, and appliance sectors.
- The company secured $450 million in customer design-wins, with strong growth in Data Center and EV sectors.
Headline financials
Revenue & EPS history
Navitas Semiconductor · Revenue · Quarterly
$18M
Forward guidance
For the first quarter of 2025, Navitas Semiconductor expects net revenues to be between $13.0 million and $15.0 million. Non-GAAP gross margin is projected to be 38% plus or minus 50 basis points, and non-GAAP operating expenses are estimated to be approximately $18.0 million.
Tailwinds
- Expected non-GAAP gross margin of 38% plus or minus 50 basis points for Q1 2025.
- Continued focus on expense management to accelerate profitability.
- Strong customer design-wins of $450 million provide confidence for future growth.
- Expansion into new markets like Data Center and EV with GaN and SiC technologies.
- Anticipated launch of GaN solar micro-inverter in summer 2025.
Headwinds
- Projected net revenues for Q1 2025 ($13.0M-$15.0M) are lower than Q4 2024 revenue ($18.0M).
- Non-GAAP operating expenses are expected to remain high at approximately $18.0 million for Q1 2025.
- The company continues to operate at a loss, with GAAP loss from operations at $39.0 million in Q4 2024.
- Significant headwinds and industry-wide slowdowns in major markets are still impacting performance.
- The company's cash and cash equivalents decreased to $86.7 million as of December 31, 2024, from $151.892 million in the previous year.
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 Q4 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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