Navitas Semiconductor shared its earnings call, showing $14 million in sales for Q3 2026, up 33% from last quarter.

Nov 3, 2026, 6:30 PM ETResultsRead the original at Benzinga

Good for NVTS

Navitas's Q3 sales rose 33% from the prior quarter, and non-GAAP gross margin was 40% as high-power sales grew more than 50%. Mobile and low-end consumer made up a smaller share, but high-power growth, backlog into mid-2027, and expected Q4 growth support a stronger outlook.

NVTS · Navitas Semiconductor

AI read · Good for NVTS

The AI's read

The shift leaves Navitas less reliant on mobile and low-end consumer products, which are still shrinking. High-power sales are growing faster, and the company says its backlog runs into mid-2027. The company expects sales and margins to keep rising in Q4. Those results have not happened yet, but the reported growth and backlog support a stronger outlook.

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