MANCHESTER, N.H., July 10, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal year 2026 prior to the market open on Thursday, July 31, 2025. Following the press release, Mike Doogue, President and Chief Executive Officer, and Derek D’Antilio, Executive Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook. Analyst ...

Core Insights - Navitas Semiconductor (NVTS) is a significant player in the next generation of power semiconductors, particularly in GaN technologies, which are driving innovation and growth in the semiconductor market [1][2] - The GaN semiconductor device market is projected to grow at a compound annual growth rate of 6.1% from 2023 to 2028, attracting investments from major tech firms like NVIDIA and Tesla [1] - Navitas' GaN business revenues increased over 50% year-over-year in 2024, indicating strong momentum across various high-growth markets [3][8] Company Performance - Navitas has achieved over 180 GaN charger design wins in 2024 and supplies all top 10 global smartphone manufacturers, showcasing its strong position in the Mobile & Consumer segment [3][8] - The company is expanding into emerging markets through strategic partnerships, such as with Transsion in Africa and Jio in India [3] - In the Electric Vehicle sector, Navitas secured its first design win with Changan Auto for an onboard charger, featuring 6kW/L power density and 96% efficiency [4] Product Development - Navitas is set to launch new 80 - 120V GaN devices in 2025, targeting the 48V DC-DC converter market [4] - The company introduced bidirectional GaN ICs for solar applications, with the first use case expected in solar microinverters by late 2025 [4] Competitive Landscape - Power Integrations' GaN business is also experiencing growth, contributing to a 15% year-over-year revenue increase in Q1 2025, with a focus on high-voltage applications [5] - STMicroelectronics is expanding its GaN technology through a partnership with Innoscience to accelerate development and manufacturing [6] Stock Performance - Year-to-date, Navitas' stock has surged 79.3%, outperforming the industry and S&P 500 growth rates of 13.4% and 5.4%, respectively [7] - The stock trades at a forward 12-month price-to-sales (P/S) ratio of 15.0X, significantly higher than the industry average of 7.5X [9] Financial Estimates - The Zacks Consensus Estimate for NVTS' loss per share has decreased over the past 60 days, indicating a potential shift in financial outlook [10]

Group 1 - Navitas Semiconductor is a pure-play, next-generation power semiconductor company specializing in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology [1][2] - The company will participate in the CJS Securities 25th Annual "New Ideas" Summer Conference on July 10th, 2025, with a presentation scheduled from 10:00-10:45 ET [1] - Navitas has over 300 patents issued or pending and offers the industry's first and only 20-year GaNFast warranty [2] Group 2 - The focus markets for Navitas include AI datacenters, electric vehicles (EV), solar energy, energy storage, home appliances, industrial applications, mobile, and consumer electronics [2] - Navitas was the first semiconductor company to achieve CarbonNeutral® certification [2]

Core Viewpoint - Navitas Semiconductor has announced a strategic partnership with Powerchip Semiconductor Manufacturing Corporation to enhance the production of 200mm GaN-on-silicon technology, aiming to strengthen supply chains, drive innovation, and improve cost efficiency in various markets including AI data centers, electric vehicles (EVs), solar energy, and home appliances [1][6]. Company Overview - Navitas Semiconductor specializes in next-generation power semiconductors, particularly GaNFast™ gallium nitride and GeneSiC™ silicon carbide technologies, and has been operational for 10 years since its founding in 2014 [8]. - Powerchip Semiconductor Manufacturing Corporation is a Taiwanese foundry that develops and manufactures advanced semiconductor components, operating multiple wafer fabs since its establishment in 1994 [7]. Strategic Partnership - The partnership with Powerchip will utilize its 200mm fabrication capabilities at Fab 8B in Taiwan, which has been operational since 2019 and supports high-volume manufacturing processes for GaN [2]. - Powerchip's advanced 180nm CMOS process will enable the production of smaller, more efficient devices, enhancing performance and cost-effectiveness [3]. Product Development and Market Demand - Navitas' GaN portfolio will include voltage ratings from 100V to 650V, catering to the increasing demand for GaN in 48V infrastructure, particularly for hyper-scale AI data centers and EVs [4]. - Initial device qualification is anticipated in Q4 2025, with production of the 100V family expected to commence in the first half of 2026 [4]. Recent Collaborations and Innovations - Navitas has recently collaborated with NVIDIA to support GaN and SiC technologies for high-voltage direct current (HVDC) architectures and has partnered with Enphase and Changan Automobile for integrating GaN technology into their products [5]. Future Outlook - The partnership is expected to drive sustained progress in product performance, technological evolution, and cost efficiency, positioning both companies for future growth in the GaN market [6].

TORRANCE, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, has been awarded the ‘Outstanding Technical Collaboration Award’ from VREMT Energy, a subsidiary of Geely, which specializes in new energy vehicle power batteries, electric drive systems, charging systems and energy storage systems. VREMT and Navitas opened a joint R&D Laboratory to accelerate ...

Financial Data and Key Metrics Changes - Allegro Microsystems has seen a significant decline in industrial sales, which dropped about 35% during the last six quarters due to an inventory correction [19] - The company reported that distributor inventories decreased by 25% compared to the beginning of the fiscal year [54] - Gross margins are currently below 50%, with a focus on returning to the 50% range in the near term [69] Business Line Data and Key Metrics Changes - Automotive sales account for approximately 75% of overall sales, with e-mobility (ADAS applications and XEV powertrain) representing about half of that segment, growing at a mid-teens growth rate [7][8] - The industrial segment represents about 25% of sales, primarily sold through distributors, with historical applications in clean energy and industrial automation [18][20] - The isolated gate driver technology is expected to provide a content uplift opportunity of about $30 to $40 in automotive and up to $425 in AI server racks [27][28] Market Data and Key Metrics Changes - China is the largest market for Allegro, accounting for 27% of shipments, with a significant portion being re-exported [12][13] - Japan contributes about 20% of sales, North America 15%, and Europe 13% [14] - The company has a well-distributed market presence, serving almost all tier one automotive makers in the Western world [14] Company Strategy and Development Direction - The company aims to leverage its distribution channels more efficiently and has hired a new SVP of sales focused on industrial and power sectors [26] - Allegro is committed to innovation within a spending envelope, focusing on operational efficiency and cost management [48] - The company plans to continue exploring organic growth opportunities while remaining open to strategic acquisitions that align with its core competencies [80] Management's Comments on Operating Environment and Future Outlook - Management has not observed significant changes in customer order patterns despite ongoing geopolitical issues [50] - The focus remains on executing new product sales and improving gross margins above 50% [46][70] - The company is optimistic about the growth potential in the robotics sector, particularly humanoid robotics, which could match automotive content opportunities [22] Other Important Information - Allegro recently underwent a CEO change, appointing Mike Dug, who has been with the company for nearly 28 years, as the new CEO [41] - The company plans to hold an Analyst Day following its fifth anniversary as a public company to reintroduce its leadership team and clarify its strategy [83] Q&A Session Summary Question: How does Allegro's exposure to China compare to other markets? - China accounts for 27% of Allegro's shipments, with a significant portion being re-exported, while Japan is about 20%, North America 15%, and Europe 13% [12][14] Question: What are the key growth drivers in the industrial segment? - The industrial segment has been historically focused on clean energy and automation, with new opportunities in medical and AI data centers [20][21] Question: What is the company's strategy regarding acquisitions? - Allegro is focused on organic growth but remains open to strategic acquisitions that align with its technology and market needs [80]

Core Insights - Navitas Semiconductor has appointed Cristiano Amoruso to its board of directors, effective immediately, which is seen as a strategic move to enhance corporate governance and accelerate profitability [1][3] - Amoruso has a strong background in the technology and renewable energy sectors, having previously served as CEO of Suniva, Inc. and as a partner at Lion Point Capital, L.P. [2] - The company aims to leverage Amoruso's experience to capture significant market opportunities in the gallium nitride (GaN) and silicon carbide (SiC) sectors, particularly in power-intensive applications [3] Company Overview - Navitas Semiconductor is a pure-play, next-generation power semiconductor company, founded in 2014, specializing in GaN and SiC technologies [6] - The company offers GaNFast™ power ICs and GeneSiC™ power devices, focusing on markets such as data centers, electric vehicles, solar energy, and energy storage [6] - Navitas holds over 300 patents and was the first semiconductor company to achieve CarbonNeutral® certification [6]

Core Insights - Navitas Semiconductor reported its unaudited financial results for Q1 2025, highlighting significant technological advancements and a strategic position for future growth [1][2]. Financial Highlights - Total revenue for Q1 2025 was $14.0 million, a decrease from $23.2 million in Q1 2024 and $18.0 million in Q4 2024 [8]. - GAAP loss from operations was $25.3 million, improved from a loss of $31.6 million in Q1 2024 and $39.0 million in Q4 2024 [8]. - Cash and cash equivalents stood at $75.1 million as of March 31, 2025 [8]. Market, Customer, and Technology Highlights - The company achieved several industry firsts, including the production release of GaN bi-directional ICs and a 12 kW AI data center power supply platform [2]. - Cumulative GaN shipments exceeded 250 million since 2018, demonstrating a reliability track record of 100 parts per billion (ppb) [7]. - GeneSiC technology has shown reliability exceeding automotive standards, with ultra-high voltage capabilities ranging from 2.3 kV to 6.5 kV, targeting commercial EVs and new energy markets [7]. Business Outlook - For Q2 2025, net revenues are projected to be between $14.0 million and $15.0 million, with a non-GAAP gross margin expected at approximately 38.5% [5]. - Non-GAAP operating expenses for Q2 2025 are anticipated to be around $15.5 million [5].

Unprecedented reliability combined with superior performance & optimized, high-creepage package sets a new benchmark in automotive and industrial applications Navitas Redefines Reliability with Industry’s First Automotive ‘AEC-Plus’ Qualified SiC MOSFETs in HV-T2Pak Top-Side Cooled Package Unprecedented reliability combined with superior performance & optimized, high-creepage package sets a new benchmark in automotive and industrial applications. TORRANCE, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Navitas ...

Core Insights - Navitas Semiconductor has introduced a new family of GaNSense™ Motor Drive ICs designed for home appliances and industrial drives up to 600 W, featuring significant efficiency and cost advantages [1][5]. Product Features - The GaNSense Motor Drive ICs integrate two GaN FETs in a half-bridge configuration, providing a 4% increase in efficiency, a 40% reduction in PCB footprint, and a 15% decrease in system cost compared to traditional silicon IGBT solutions [2][12]. - Key features include bidirectional lossless current sensing, which enhances efficiency and reliability by eliminating the need for external shunt resistors [3][4]. - The devices offer adjustable turn-on and turn-off slew rates to optimize EMI and performance, along with an autonomous freewheeling function to minimize conduction losses [4]. Target Applications - The GaNSense Motor Drive ICs are aimed at various applications, including air conditioners, heat pumps, washing machines, dryers, dishwashers, refrigerators, and hair dryers, as well as low-power industrial drives such as pumps and fans [5]. Company Background - Navitas Semiconductor, founded in 2014, is a leader in next-generation power semiconductors, focusing on GaN and SiC technologies, with over 300 patents and a commitment to sustainability as the first CarbonNeutral®-certified semiconductor company [7].