Navitas Semiconductor Corporation reported weak fourth quarter and full-year 2025 results while accelerating its strategic pivot to high‑power GaN and high‑voltage SiC markets such as AI data centers, grid and energy infrastructure, performance computing and industrial electrification.
Fourth quarter 2025 revenue was $7.3 million, down from $10.1 million in the prior quarter and $18.0 million a year earlier. GAAP loss from operations was $41.4 million, including a $16.6 million restructuring and impairment charge, while non‑GAAP loss from operations was $12.1 million. Full‑year 2025 revenue was $45.9 million versus $83.3 million in 2024, with a GAAP net loss of $117.0 million and non‑GAAP net loss of $41.6 million.
Cash and cash equivalents increased to $236.9 million as of December 31, 2025, from $86.7 million a year earlier, helped by a November 2025 private placement of common stock that generated $95.6 million in net proceeds. High‑power markets represented the majority of quarterly revenue for the first time, with mobile falling below 25%.
For first quarter 2026, Navitas expects net revenue between $8.0 million and $8.5 million, non‑GAAP gross margin of about 38.7%, and non‑GAAP operating expenses of approximately $15 million, implying modest sequential growth but continued operating losses as it executes its “Navitas 2.0” strategy.
The Vanguard Group filed an amended Schedule 13G reporting its ownership in Navitas Semiconductor Corp common stock. As of 12/31/2025, Vanguard reported beneficial ownership of 14,691,351 shares, representing 6.37% of Navitas’s common stock.
Vanguard reported no sole voting or dispositive power, with 1,509,339 shares subject to shared voting power and all 14,691,351 shares subject to shared dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Navitas. Vanguard also notes an internal realignment on January 12, 2026, after which certain subsidiaries are expected to report beneficial ownership separately.
Navitas Semiconductor Corporation is registering up to 14,814,813 Class A common shares for potential resale by existing investors. These shares, called PIPE Shares, were previously issued in a private placement on November 7, 2025 at a purchase price of $6.75 per share under a Securities Purchase Agreement with accredited investors.
This registration simply allows the selling stockholders to resell their shares over time; they will receive all sale proceeds, while Navitas only covers offering expenses. As of November 14, 2025, Navitas had 230,496,182 shares of common stock outstanding. Navitas designs and markets next-generation gallium nitride and silicon carbide power semiconductors used in AI data centers, high-performance computing, energy and grid infrastructure, and industrial electrification, operating a fabless, asset-light business model as a smaller reporting company listed on Nasdaq under the symbol NVTS.
Navitas Semiconductor Corp reported that one of its directors sold 179,354 shares of Class A common stock on 12/12/2025. The shares were sold in multiple trades at prices ranging from $8.600 to $8.800, with a weighted average sale price of $8.6802 per share.
Following this transaction, 389,096 shares of Class A common stock were reported as beneficially owned indirectly through SiCPower, LLC. The director is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of these shares but disclaims beneficial ownership for purposes of Section 16 of the Exchange Act.
Navitas Semiconductor Corp director Dipender Saluja reported selling Class A common stock in December 2025. On 12/12/2025 he indirectly sold 315,396 shares at a weighted average price of $8.65 per share through Capricorn-Libra Investment Group, LP, followed by a sale of 873,488 shares on 12/15/2025 at a weighted average price of $8.10 per share.
After these transactions, he beneficially owned 4,755,536 shares indirectly through Capricorn-Libra Investment Group, LP, 3,237,161 shares indirectly through Technology Impact Fund, L.P., and 143,282 shares directly, while disclaiming beneficial ownership of fund-held shares except to the extent of his pecuniary interest.
Navitas Semiconductor Corp reported an insider transaction by a director in a Form 4. On December 10, 2025, the reporting person sold 78,649 shares of Class A common stock at $9.25 per share, followed on December 11, 2025 by a sale of 49,651 shares at a weighted average price of $9.31.
The second sale was executed in multiple trades at prices ranging from $9.300 to $9.325. After these transactions, the reporting person holds 86,964 shares directly and reports indirect beneficial ownership of 1,263,000 shares through Live Oak Sponsor Partners II, LLC, while disclaiming beneficial ownership of those indirect holdings except to the extent of their pecuniary interest.
Navitas Semiconductor Corp director reported selling 50,000 shares of Class A common stock on December 9, 2025 at a price of $9.25 per share. This insider transaction updates the director’s reported holdings in the company.
Following the sale, the director holds 215,264 Class A shares directly and reports indirect beneficial ownership of 1,263,000 additional shares through Live Oak Sponsor Partners II, LLC, reflecting both personal and affiliated interests in Navitas.
Navitas Semiconductor Corp reported an insider stock sale by its Senior Vice President, Chief Financial Officer and Treasurer. On 12/08/2025, the executive sold 78,307 shares of Class A common stock in an open-market transaction coded "S" for sale.
The weighted-average sale price was $9.7704 per share, with individual trades executed between $9.7700 and $9.7850. After this transaction, the executive beneficially owns 813,279 shares of Navitas Class A common stock, held directly. The filing notes that full trade details are available upon request.
Navitas Semiconductor Corp (NVTS) reported an insider equity transaction by a senior officer who serves as Sr. V.P., CFO & Treasurer. On 11/21/2025, the reporting person acquired 663 shares of Class A common stock at $0, consistent with the vesting of a compensatory award. On the same date, the reporting person sold 345 shares of Class A common stock at a weighted average price of $7.41.
The sale was made under the company’s “sales to cover” policy to satisfy tax withholding obligations tied to the vesting of restricted stock units and is intended to meet the conditions of Rule 10b5-1(c). Following these transactions, the reporting person beneficially owned 891,586 shares of Navitas Class A common stock, held directly.
Navitas Semiconductor Corporation (NVTS) reported that it has entered into a long-term strategic partnership with GlobalFoundries to strengthen and accelerate U.S.-based gallium nitride (GaN) technology, design, and manufacturing. The companies plan to co-develop advanced GaN power solutions for high-power uses such as AI datacenters, performance computing, energy and grid infrastructure, and industrial electrification.
The arrangement is described as a strategic collaboration rather than a specific financial transaction, and was announced through a joint press release furnished under Regulation FD.