Short answer
Navitas Semiconductor Corp (NVTS) filed its Q2 2026 10-Q quarterly report on Jul 27, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $11M (down 27.3% year over year) with net income of −$228M.
Q2 2026 key financials · XBRL
- Revenue
- $11M
- −27.3% YoY · +22.5% QoQ
- Net income
- −$228M
- −365.0% YoY · −575.5% QoQ
- Operating margin
- -258.2%
- EPS (diluted)
- −$0.96
- −284.0% YoY · −540.0% QoQ
Source: XBRL data from the Navitas Semiconductor Corp (NVTS) Q2 2026 10-Q on SEC EDGAR. USD.
Navitas Semiconductor Corp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $10.529M, down 27% YoY from $14.490M, driven by mobile and consumer-market declines
- Cost of revenue 61% vs 84% YoY; operating loss $27.190M vs $21.653M
- Best mix shift toward high-power products; weakest mobile sales in Asia, primarily China
- Cash $558.272M, up 134% from December 31; operating cash use $48.348M vs $24.765M
- $373.2M net ATM proceeds; continued operating losses and negative operating cash flow expected near term
Risk Factors
- Wolfspeed lawsuit alleging GaN and SiC patent infringement, seeking monetary damages and injunctive relief
- Renesas lawsuit filed July 22, 2026 alleging trade-secret misappropriation and breach of contract involving two former employees
- Potential product disruption from adverse patent rulings requiring discontinued technologies or costly redesigns
- Litigation expense and management distraction from defending Wolfspeed and Renesas claims
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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