NVTS' fourth-quarter results show record GaN sales and data center wins, but weak SiC demand hinders revenue growth.
Navitas Semiconductor Corporation (NASDAQ:NVTS ) Q4 2024 Earnings Conference Call February 24, 2025 5:00 PM ET Company Participants Stephen Oliver - Vice President of Investor Relations Gene Sheridan - Co-Founder and Chief Executive Officer Todd Glickman - Interim Chief Financial Officer and Treasurer Conference Call Participants Ross Seymore - Deutsche Bank Quinn Bolton - Needham & Company Kevin Cassidy - Rosenblatt Securities Jack Egan - Charter Equity Research Jon Tanwanteng - CJS Securities Richard Shannon - Craig-Hallum Operator Good afternoon. Thank you for standing by, and welcome to Navitas Semiconductor's Fourth Quarter 2024 Financial Results Conference Call.
Navitas Semiconductor Corporation (NVTS) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.04 per share a year ago.
Navitas Semiconductor's GaNFast and GeneSiC chips enhance device efficiency and longevity, positioning the company as a key player in fast charging and energy-efficient tech. Recent stock momentum and upcoming Q4 earnings report could signal a turnaround; key investor events may influence market perception. Strategic moves in AI data centers and EV sectors, including partnerships with Delta and LiteON, highlight Navitas' growth potential in energy efficiency.
NVTS' fourth-quarter results are expected to reflect revenue decline and margin pressure amid strong AI, mobile and EV demand.
Navitas Semiconductor (NVTS 9.20%) saw big gains in Tuesday's trading thanks to Trump-related catalysts. The company's share price ended the day's trading up 9.2%.
NVTS is suffering from a challenging macroeconomic condition, unfavorable revenue mix and stretched valuation. However, a strong portfolio is a key catalyst.
Navitas Semiconductor (NVTS 11.40%) stock is seeing big gains in Monday's trading. The chip specialist's share price was up 11.3% as of 2:15 p.m.
Shares of Navitas Semiconductor Corporation (NVTS 21.77%) rocketed as much as 24.6% on Monday before settling into a 20.4% gain as of 2 p.m. EST.
Given its attractive valuation and promising growth prospects, Navitas Semiconductor stock may be a good investment choice at the moment.
Shares of Navitas Semiconductor Corp. (NVTS 17.45%) rallied 22.3% on Thursday, as of 3:00 p.m. ET.
Despite weak Q3 earnings and Q4 guidance, Navitas won 72 designs in Q3, with revenue recovery expected in the second half of 2025. Navitas announced a new 48-volt GaN platform targeting AI data centers which could be highly demanded due to hyperscalers moving to 48-volt power units. Navitas' partnership with Infineon could help increase GaN adoption and potentially pave the way for a future takeover.