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Navitas Semiconductor (NVTS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Navitas Semiconductor (NVTS) Q3 2026 earnings results →

Q3 2026 Revenue up 38% year over year to $14.0M · 265¢ of every $1 of revenue lost · operating margin -245.7%

Navitas Semiconductor made $14.0M in Q3 2026 (+38% Y/Y). Operating margin -245.7%, net loss $37.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$14.0M
Year over year+38%
Operating margin-245.7%
Net earnings−$37.1M
Operating cash flow−$18.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $14.0M in Q3 2026, up 38% year over year and up 33% from the previous quarter.

Operating costs exceeded revenue by $34.4M, an operating margin of -245.7%. Total costs grew 64% against revenue growth of 38%. The fastest-growing cost line was SG&A (+252%). The quarter ended with a net loss of $37.1M, narrower than the previous quarter's $228.2M loss.

Operating cash flow was −$18.6M. Non-cash charges added back $3.9M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $5.6M. Capital expenditures of $738K exceeded it, leaving free cash flow of −$19.3M.

Quarterly history

Navitas Semiconductor revenue by quarterNavitas Semiconductor revenue by quarter$14.0MQ1 2025$14.5MQ2 2025$10.1MQ3 2025$7.3MQ4 2025$8.6MQ1 2026$10.5MQ2 2026$14.0MQ3 2026
Navitas Semiconductor net earnings by quarterNavitas Semiconductor net earnings by quarter−$16.8MQ1 2025−$49.1MQ2 2025−$19.2MQ3 2025−$31.8MQ4 2025−$33.8MQ1 2026−$228MQ2 2026−$37.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$14.0M+38%-245.7%−$37.1M−$18.6M
Q2 202610-QJul 27, 2026$10.5M-27%-258.2%−$228M−$32.0M
Q1 202610-QMay 5, 2026$8.6M-39%-322.9%−$33.8M−$16.4M
Q4 202510-KFeb 27, 2026$7.3M-59%-567.3%−$31.8M−$8.1M
Q3 202510-QNov 3, 2025$10.1M-53%-192.0%−$19.2M−$10.0M
Q2 202510-QAug 4, 2025$14.5M-29%-149.4%−$49.1M−$11.2M
Q1 202510-QMay 9, 2025$14.0M-40%-180.5%−$16.8M−$13.5M

Charts

Navitas Semiconductor: revenue growth, year over year and quarter over quarterNavitas Semiconductor: revenue growth, year over year and quarter over quarterY/YQ/Q-40%Q1 2025-29%+3%Q2 2025-53%-30%Q3 2025-59%-28%Q4 2025-39%+18%Q1 2026-27%+22%Q2 2026+38%+33%Q3 2026
Latest (Q3 2026): Y/Y +38%, Q/Q +33%.
Navitas Semiconductor: where the cash came from (+) and went (−), TTM to Q3 2026Navitas Semiconductor: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$462MCash drawn (+) / kept (−)−$381MOperating cash flow−$75.0MOther investing−$6.4MShares issued$1.4MCapital spending−$1.4M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Navitas Semiconductor: profit against cash, quarter by quarterNavitas Semiconductor: profit against cash, quarter by quarterNet incomeOperating cash flow−$39.9M−$10.2MQ4 2024−$16.8M−$13.5MQ1 2025−$49.1M−$11.2MQ2 2025−$19.2M−$10.0MQ3 2025−$31.8M−$8.1MQ4 2025−$33.8M−$16.4MQ1 2026−$228M−$32.0MQ2 2026−$37.1M−$18.6MQ3 2026
Latest (Q3 2026): Net income −$37.1M, Operating cash flow −$18.6M.
Navitas Semiconductor: diluted shares by fiscal year (split-adjusted)Navitas Semiconductor: diluted shares by fiscal year (split-adjusted)65MFY2020157MFY2021146MFY2022169MFY2023182MFY2024206MFY2025
+216.3% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 4-for-1 split before FY2022.
Navitas Semiconductor in its industry: growth against margin (80 companies, SIC 3674)Navitas Semiconductor in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSIOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRNVTS (+38%, -100%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Navitas Semiconductor

Navitas Semiconductor Corporation (“we,” us,” “Navitas” or the “Company”) designs, develops and markets next-generation power semiconductors including gallium nitride (GaN) power integrated circuits (ICs), high-voltage silicon carbide (SiC) devices and associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. We focus on high-power markets including artificial intelligence (“AI”) data centers, energy and grid infrastructure, performance computing and industrial electrification. Our products are engineered to deliver superior efficiency, performance, power density, and sustainability compared to legacy, silicon-based technologies.

In its own words, from its 10-K, filed Feb 27, 2026.

Navitas Semiconductor against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +38% against the peers' median +40%. Operating margin: -245.7% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
NVTS Navitas SemiconductorQ3 2026$14.0M+38%-245.7%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%

Source: Navitas Semiconductor 10-Q on SEC EDGAR · CIK 1821769 · Semiconductors & Related Devices

Guidance and outlook

Navitas Semiconductor Revenue: guidance against what was reportedNavitas Semiconductor Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 2026$10.5MQ3 2026$14.0MQ4 2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Navitas Semiconductor: what its forward-looking statements are about (10-Q filed 2026-11-03)Navitas Semiconductor: what its forward-looking statements are about (10-Q filed 2026-11-03)Other2Tax1Costs1
4 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.

13F: who owns NVTS and who is buying

Largest holders of NVTS (13F)Largest holders of NVTS (13F)Corbin Capital Partners, L.P.$773MBlackRock$291MD. E. Shaw$172MVanguard Capital Management LLC$161MVanguard Portfolio Management LLC$161MState Street$147MCapricorn Investment Group LLC$128MGoldman Sachs Group$120MJane Street Group, LLC$116MVanguard Group$105M
Funds' net buying of NVTS by quarter (13F)Funds' net buying of NVTS by quarter (13F)−$23.7M2024-09−$9.3M2024-12−$12.1M2025-03$78.5M2025-06$53.4M2025-09$158M2025-12−$54.9M2026-03$498M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NVTS

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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