Navitas Semiconductor Corporation

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

Quarters: Navitas Semiconductor Corporation's SEC filings, named by the month they end. Fiscal years: Navitas Semiconductor Corporation's annual reports to the SEC.

How it makes money

The company loses $254.7 for every $100 of revenue. Operating expenses exceed all of gross profit. It was profitable 3 years ago and is now loss-making.

Each margin is that line of the income statement divided by revenue. Fiscal year: Navitas Semiconductor Corporation's annual reports to the SEC.

Where it is in the chip cycle

Gross margin 39.3% and rising for 2 quarters; inventory at 153 days, up from 103 a year earlier; capital spending 3.5% of revenue over the last 4 quarters.

Gross margin by fiscal quarter, from SEC filings. Inventory days: year-end inventory over that year's cost of revenue, times 365.

Customers and suppliers

In its latest annual report Navitas Semiconductor buys from TSMC, GlobalFoundries, PSMC; two customers it does not name account for 46% and 11% of its revenue.

Their suppliers

KLA KLACto TSMC

Lam Research LRCXto TSMC

Onto Innovation ONTOto TSMC

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Suppliers

GlobalFoundries GFS

TSMC TSM

PSMC

 

NVTSNavitas Semiconductor

Customers

Unnamed customer 46%

Unnamed customer 11%

Navitas Semiconductor's 10-Q for the quarter to Sep 2026 gives two customers' shares of its revenue: Distributor A (55%) and Distributor C (21%).

From Navitas Semiconductor Corporation's 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's. Rings are fiscal years: a 10-K gives the year, not its fourth quarter.

Partners

Infineon Technologies IFNNYBroad patent cross-license

Changes since the previous annual report (10-K filed Mar 19, 2025)

GlobalFoundries GFSNamed for the first time, as a supplier

PSMCNamed for the first time, as a supplier

XXFABNo longer named (was a supplier)

TSMC TSMNo longer a partner, still a supplier

Only the companies Navitas Semiconductor names in its 10-K filed Feb 27, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words. Customers it does not name are listed as the filing describes them.

Is it expensive?

Currently unprofitable, so P/E does not apply, so we look at price-to-sales instead: 63.8x, above the peer median of 16.4x. Revenue is up 38% from a year ago.

Above the peer median of 16.4x. The market pays more per $1 of revenue than for peers.

Navitas Semiconductor Corporation is currently unprofitable, so P/E does not apply. We use price-to-sales instead: market cap as a multiple of revenue.

What analysts expect

The average analyst price target is $13.10, 37% above the current price; 57% of 7 analysts rate it a buy; earnings beat estimates in 2 of the last 4 quarters.

Buy or Strong Buy: 4 analysts (57%). Sell or Strong Sell: 1.

In the past three months targets were cut once and never raised. 1 upgrade and no downgrades over the year; the latest: Rosenblatt moved it to Buy from Neutral on Nov 4, 2026.

The day after each of these reports the stock moved +21.7% (Dec 2025, in line); +4.8% (Mar 2026, beat); −8.3% (Jun 2026, in line); +17.7% (Sep 2026, beat).

For the quarter ending Dec 2026, analysts expect an adjusted loss of $0.06 a share, against a loss of $0.05 a year earlier, and revenue of $16M, up 119% on a year earlier. For the fiscal year ending Dec 2027, they expect revenue of $82M, up 68% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Capex of $1.4M exceeds operating cash flow of −$75M, leaving free cash flow of −$76M. The gap has to be covered with cash on hand or borrowing.

Navitas Semiconductor had 262M diluted shares in the quarter ended Sep 2026, 23.0% more than a year earlier, and 16.6% more each year on average since Mar 2022.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 5.0, no pressure to repay short-term debt; debt-to-equity 0.0, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 2 funds whose copy leaves NVTS out (on the exchange, not in the app yet): Swiss National Bank, Canada Pension Plan Investment Board.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 4 held NVTS at the end of their latest quarter (for most, Q2 2026). Over that quarter 1 added shares and 3 bought new. The largest of them is Duquesne Family Office, 311,100 shares worth $5.6M at Jun 30, 2026.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of NVTS at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end.

Are insiders buying or selling?

Officers and directors sold $147M of NVTS on the open market in the 12 months to Nov 12, 2026; none bought. The largest was Ranbir Singh (Director), who sold $114M in 4 sales.

From the Form 4s filed with the SEC about Navitas Semiconductor Corporation (33 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 24 other transactions (grants, shares sold to pay tax, gifts and other transfers).