Navitas Semiconductor Q2 FY2026 Earnings Call
With Chris Allexandre (President and CEO), Tonya Stevens (CFO) and Brett Perry (VP).
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, performance computing, energy and grid infrastructure, and industrial electrification.
More about Navitas Semiconductor
With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified. Navitas Semiconductor, GaNFast, GaNSense, GaNSafe, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
1Prepared remarks3 speakers
Good afternoon. Welcome to Navitas Semiconductor second quarter 2026 financial results conference call. Joining us today are Navitas' President and CEO, Chris Allexandre, and CFO, Tonya Stevens. I'd like to remind listeners that management's prepared remarks contain forward-looking statements, which are subject to risks and uncertainties. Management may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the safe harbor for forward-looking…
Good afternoon. Thank you for joining us on today's second quarter 2026 earning call. We appreciate your continued interest and support as we execute our strategic transformation to Navitas 2.0. In the second quarter, we delivered increasing revenue of 22% sequentially, coupled with a stronger third quarter guidance. High-power markets grew more than 50% year-over-year, serving as further evidence of the building momentum in our GaN and high voltage SiC product, especially in our focus area of AI infrastructure…
Thank you, Chris. Before I begin, please note, unless otherwise indicated, I will focus my comments on non-GAAP results. A detailed reconciliation of all non-GAAP to GAAP financial measures can be found in our press release published earlier today. Revenue in the second quarter of 2026 was at the high end of guidance, increasing 22% sequentially to $10.5 million. This represents an increase of approximately $1.9 million from the $8.6 million in the first quarter.
As Chris highlighted, the double-digit growth was…