NVTS Q4 Loss In Line With Estimates, Revenues Decline Y/Y

Navitas Semiconductor NVTS reported fourth-quarter 2025 non-GAAP loss of 5 cents per share, in line with the Zacks Consensus Estimate. The figure was narrower than the year-ago quarter’s loss of 6 cents.

Navitas Semiconductor’s fourth-quarter 2025 revenues of $7.3 million surpassed the Zacks Consensus Estimate by 6.7%. The top line decreased 59.4% from the year-ago quarter’s revenues of $17.98 million.

NVTS’ Operating Results

The non-GAAP gross margin was 38.7%, contracting 150 basis points (bps) year over year.

Navitas Semiconductor Corporation Price, Consensus and EPS Surprise

Navitas Semiconductor Corporation price-consensus-eps-surprise-chart | Navitas Semiconductor Corporation Quote

Non-GAAP Research and development (R&D) expenses decreased 32.1% year over year to $8.1 million. As a percentage of revenues, R&D expenses were 110.6% compared with 66.1% in the year-ago quarter.

The non-GAAP selling, general and administrative (SG&A) expenses decreased 15% year over year to $6.8 million. As a percentage of revenues, SG&A expenses were 93.3% compared with 44.5% in the year-ago quarter.

Navitas Semiconductor reported a non-GAAP operating loss of $12.05 million, narrower than the $12.65 million loss reported in the year-ago quarter.

NVTS’ Balance Sheet Details

As of Dec. 31, 2025, cash and cash equivalents were $236.9 million compared with the previous quarter’s $150.6 million.

Navitas Semiconductor’s Q1 2026 Guidance

Navitas Semiconductor expects first-quarter 2026 revenues to be in the range of $8.0-$8.5 million. The Zacks Consensus Estimate for revenues is currently pegged at $7.3 million, indicating a 47.9% decline from the year-ago reported quarter.

Navitas Semiconductor’s first-quarter non-GAAP gross margin is expected to be 38.7% (+/- 25 bps). Operating expenses are expected to be roughly $15 million in the first quarter.

The consensus mark for first-quarter 2026 loss is pegged at 5 cents per share, unchanged over the past 60 days and narrower than the loss of 6 cents reported in the year-ago quarter.

Zacks Rank & Stocks to Consider

Navitas Semiconductor currently carries a Zacks Rank #3 (Hold).

Lam Research LRCX, Applied Materials AMAT and Amphenol APH are some better-ranked stocks that investors can consider in the Zacks Computer and Technology sector. Lam Research, Applied Materials and Amphenol carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Lam Research’s fiscal 2026 earnings is pegged at $5.26 per share, revised upward by 8.5% over the past 30 days and suggests a year-over-year increase of 27.1%. Lam Research shares have soared 200.5% over the past year.

The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings has moved upward by 2% over the past seven days to $10.96 per share, calling for an increase of 16.4% year over year. Applied Materials shares have climbed 124.2% in trailing 12 months.

The Zacks Consensus Estimate for Amphenol’s 2026 earnings has been revised upward to $4.32 per share from $4.30 over the past 30 days. Amphenol shares have surged 128.4% over the past year.

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This article originally published on Zacks Investment Research (zacks.com).

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