Navitas Semiconductor Announces Second Quarter 2025 Financial Results

Core Viewpoint - Navitas Semiconductor reported its Q2 2025 financial results, highlighting a strategic focus on AI data centers and energy infrastructure, supported by a $100 million capital raise and new manufacturing partnerships [2][6][7]. Financial Highlights - Total revenue for Q2 2025 was $14.5 million, a decrease from $20.5 million in Q2 2024 and a slight increase from $14.0 million in Q1 2025 [7]. - GAAP loss from operations was $21.7 million, improved from a loss of $31.1 million in Q2 2024 and a loss of $25.3 million in Q1 2025 [7]. - Cash and cash equivalents increased to $161.2 million as of June 30, 2025 [7]. Market, Customer, and Technology Highlights - Navitas is focusing on AI data centers and energy infrastructure, leveraging partnerships with NVIDIA and others [2][6]. - The company estimates that GaN and SiC technologies can support a 100x increase in server rack power capacity for AI data centers, with a projected market potential of $2.6 billion by 2030 [2]. - Navitas has developed a new market for GaN mobile chargers and aims to expand into AI data centers and energy infrastructure [2]. Near Term Business Outlook - Q3 2025 net revenues are expected to be around $10.0 million, with a non-GAAP gross margin projected at 38.5% [8]. - Non-GAAP operating expenses for Q3 2025 are anticipated to be approximately $15.5 million [8]. - The company plans to reduce revenue dependence on mobile, consumer, and appliance sectors while increasing focus on AI data centers and energy infrastructure [6]. Strategic Developments - Navitas announced a partnership with Powerchip for manufacturing 200mm (8") GaN, aimed at reducing costs and increasing capacity [6]. - The company continues to lead in the high-end mobile GaN charger market, collaborating with Xiaomi to deliver a compact 90W charger [6].