Navitas Semiconductor (NVTS) Beats Q2 2026 on AI Infrastructure Pivot
As seen on the 24/7 Wall St. homepage on July 27, 2026.
Navitas beat both earnings and revenue for the seventh straight quarter as its AI infrastructure pivot accelerates, with high-power markets growing over 50% year-over-year and management guiding Q3 revenue 28% higher sequentially. Cash more than doubled to $557 million, funding an aggressive shift away from mobile toward 800V data center architectures where the company sees record bookings.
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Navitas Semiconductor posted a Q2 2026 loss of $0.04 per share, beating the consensus estimate of roughly $0.04 by about 5%, while revenue of $10.5 million cleared expectations by more than 5.6%. It was the seventh consecutive quarter the company beat on both the top and bottom lines, a streak that has coincided with a deliberate pivot away from the mobile market toward higher-growth power electronics applications.
The numbers behind that pivot are becoming more concrete. High-power markets grew more than 50% year-over-year, and management is guiding Q3 revenue roughly 28% higher sequentially. The company is targeting 800V data center architectures, where it is seeing record bookings, as AI infrastructure spending drives demand for more efficient power conversion technology.
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Navitas also ended the quarter with cash that more than doubled to $557 million, giving it a substantial war chest to fund the transition. Looking back over the past two years, the per-share loss has steadily narrowed from $0.06 through much of 2024 to $0.04 in the most recent two quarters, suggesting the shift in revenue mix is beginning to show up in the financials.
Mentioned: NVTS