Navitas Semiconductor Corporation reported a 22% rise in second-quarter revenue, climbing from $8.6 million in Q1 to $10.5 million. This growth was fueled by expanding high-power semiconductor sales, marking a significant step in the company's strategic pivot toward AI infrastructure and energy sectors.
High-Power Focus Drives Transition
The quarter saw Navitas steadily reduce its reliance on mobile and lower-end consumer products, directing nearly all revenue streams toward high-power applications aligned with its Navitas 2.0 strategy. This shift is expected to complete by the end of the year, positioning the company firmly in markets where demand is accelerating rapidly.
AI infrastructure, including data centers and grid energy applications, is becoming a key part of the business. Navitas projects that revenues from these segments will account for more than one-third of total sales before year-end, signaling strong growth potential as AI integration deepens across industries.
Profitability improved amid restructuring efforts. Non-GAAP gross margins edged up to 39.5% from 39.0% last quarter, while GAAP gross margin returned to positive territory at 0.4%, rebounding from recent negative results. Operational losses narrowed on an adjusted basis, with non-GAAP operating loss shrinking slightly to $11.4 million from $11.7 million in Q1.
Financially, Navitas reinforced its position by boosting cash and equivalents to $557.4 million from $236.9 million at the end of 2025. This substantial liquidity increase supports ongoing product development, manufacturing scale-up, and market expansion efforts.
New product launches further underline the company’s AI-focused ambitions. the introduction of the Isolated TO package for silicon carbide MOSFETs spanning 1.2 kV to 3.3 kV enhances Navitas’ portfolio tailored to high-power and AI infrastructure applications.
