Navitas Semiconductor reports Q2 revenue of $10.53M, exceeding estimates, while non-GAAP EPS aligns at -$0.04.
Navitas Semiconductor posted Q2 non-GAAP earnings per share of -$0.04, matching analyst expectations. Revenue reached $10.53 million, beating estimates by $0.56 million despite a 27.3% year-over-year decline.
The company’s revenue drop reflects broader industry challenges, though the slight beat offers a modest positive signal. Analysts had anticipated $11.06 million for Q3 2026, but Navitas now projects $13.5 million, plus or minus $0.5 million, suggesting potential improvement.
No immediate market reaction was disclosed in the release.