> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Navitas Revenue Rises 38% To $14.0 Million, Its First Year-Over-Year Gain Since 2024 - URL: https://www.bullished.co/navitas-revenue-rises-38-to-14-0-million-its-first-year-over-year-gain-since-2024-7042eb02/ - Published: 2026-11-03T21:26:14.000Z - Updated: 2026-11-03T21:26:14.000Z - Description: The chipmaker guides fourth-quarter revenue to $16.0 million and expects AI infrastructure to top 40% of sales by year-end. - Author: Matteo Parrino - Tags: Earnings, NVTS, Industry: Technology [Navitas Semiconductor](https://www.bullished.co/tag/nvts/), which designs gallium nitride and silicon carbide power chips, said in an [8-K filed Tuesday](https://www.sec.gov/Archives/edgar/data/0001821769/000162828026069489/i-20261103.htm?ref=bullished.co) that third-quarter revenue rose 38% from a year earlier to [$14.0 million](https://www.sec.gov/Archives/edgar/data/0001821769/000162828026069489/exhibit991-navitassemicond.htm?ref=bullished.co), its first year-over-year gain since 2024\. Revenue was up 33% from the second quarter, as its pivot from mobile chargers to AI and grid power chips began to show in the numbers. ## Sales up, losses still deep Third-quarter revenue compared with $10.5 million in the second quarter and $10.1 million a year earlier. Chief Financial Officer Tonya Stevens said revenue from high-power markets grew more than 50% from the prior quarter. Adjusted gross margin, which excludes items such as stock pay and amortization of intangibles, was 40.0%, against 39.5% in the second quarter. Under standard accounting, gross margin jumped to 21.5% from 0.4%, because certain developed-technology intangible assets became fully amortized during the quarter. The bottom line remains red. The standard-accounting net loss was $37.1 million, or $0.14 per share, against a $19.2 million loss a year earlier. The operating loss was $34.4 million, compared with $19.4 million a year earlier. On an adjusted basis, the operating loss was $10.9 million, slightly narrower than the prior quarter's $11.4 million. Cash and equivalents stood at $531.5 million on September 30, up from $236.9 million at the end of 2025. ## Betting the company on AI power Navitas has de-emphasized mobile and consumer products to focus on AI data centers, energy and grid infrastructure, performance computing and industrial electrification, an overhaul it calls Navitas 2.0\. Mobile and low-end consumer represented a large majority of revenue last year, Stevens said, and is heading to effectively zero. At the midpoint of fourth-quarter guidance, the company expects full-year growth of 7%, with high-power revenue up 125%. AI infrastructure is expected to account for more than 40% of sales by year-end. Navitas closed its acquisition of Claros, which makes integrated voltage regulation technology that delivers power directly to processors, on October 6\. CEO Chris Allexandre said it completes a portfolio spanning "grid-to-xPU." The company also cited work with NVIDIA on an 800 V-to-12 V power delivery board, a U.S. government selection to develop 10 kV silicon carbide chips, and first shipments of Gen 5 GaN devices made through GlobalFoundries. ## Fourth-quarter guidance includes Claros Navitas guided fourth-quarter revenue to $16.0 million, plus or minus $0.5 million, which at the midpoint is 14% above the third quarter and 119% above a year earlier. Adjusted gross margin is expected at 40.5%, plus or minus one percentage point. Adjusted operating expenses are guided to $25.0 million, plus or minus $1.0 million, up from $16.5 million in the third quarter because they now include Claros. Stevens said backlog extends into mid-2027. Navitas hosts its earnings call at 5:00 p.m. Eastern on Tuesday. Learn - [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations) From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples ### Sources - [8-K Filing — Navitas Semiconductor Corp (NVTS)](https://www.sec.gov/Archives/edgar/data/0001821769/000162828026069489/i-20261103.htm?ref=bullished.co) — SEC EDGAR - [Exhibit exhibit991-navitassemicond.htm — Navitas Semiconductor Corp 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001821769/000162828026069489/exhibit991-navitassemicond.htm?ref=bullished.co) — SEC EDGAR - [Exhibit exhibit992-navitas3q26ea.htm — Navitas Semiconductor Corp 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001821769/000162828026069489/exhibit992-navitas3q26ea.htm?ref=bullished.co) — SEC EDGAR ### More on Navitas Semiconductor - [Navitas Closes Claros Purchase, Says Deal Lifts Its 2030 Addressable Market To Over $8 Billion](https://www.bullished.co/navitas-closes-claros-purchase-says-deal-lifts-its-2030-addressable-market-to-over-8-1b207d27/) [All Navitas Semiconductor (NVTS) coverage →](https://www.bullished.co/tag/nvts/)