NVTS Earnings Prediction
The chart below shows how NVTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NVTS sees a +1.72% change in stock price 10 days leading up to the earnings, and a +0.01% change 10 days following the report. On the earnings day itself, the stock moves by +1.40%. This data can give you a slight idea of what to expect for the next quarter's release.
NVTS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
21.68M
-1.35%
5.93%
Gross Margin
17.97%
-44.38%
14.39%
Operating Margin
-133.63%
2.52%
-12.16%
Net Margin
-86.39%
-352.53%
-20.81%
EPS
-0.10
-350.00%
-16.67%
No Data Available
NVTS Earnings Analysis
Navitas Semiconductor Corporation Common Stock Corporation (NVTS.O) Earnings Conference Call
Positive
Record GaN Shipments Revenue: Our Q3 revenue was $21.7 million with record quarter for GaN shipments.
Major Technology Launch Announcement: I'm excited to announce a major new technology launch, several very important customer wins and two new significant corporate announcements.
GaN Technology Leadership: Navitas is the pioneer leader in GaN technology, releasing the world's first GaN power ICs and driving the world's first mainstream GaN adoption and mobile fast-chargers starting back in 2018.
Industry-Leading GaN ICs: Navitas GaN ICs continue to be generations ahead of our competitors. Our ICs set new industry standards for integration, efficiency, performance, reliability and ease of use.
Market Opportunity Expansion: We believe this new 80 volt to 200 volt range creates an additional $1 billion market opportunity for Navitas in the coming years.
Negative
Quarterly Revenue Stability: Revenue in the third quarter of 2024 was $21.7 million essentially flat with prior year and a 6% sequential quarter increase.
Gross Margin Comparison: Gross margin in the third quarter was 40.1% compared to 42.1% in the third quarter of 2023 due to the strong mobile market mix.
Q3 2024 Operating Loss: The third quarter 2024 loss from operations was $12.7 million.
Gross Margin Stability: Sequentially gross margin was relatively flat from 40.3% in the second quarter.
Revenue Expectations Overview: We expect revenues in the range of $18 million to $20 million reflecting the dynamic nature and short lead times for mobile business as well as the customer project delays.
NVTS FAQs
How does NVTS typically perform around its earnings report dates?
Is Navitas Semiconductor Corporation (NVTS) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
NVTS Earning Call Sentiment
Navitas Semiconductor Corporation (NVTS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NVTS.O
-0.59%Positive
The earnings call highlights significant revenue growth, strong adoption of GaN technology, and a promising customer pipeline, especially in electric vehicles. Despite flat gross margins and operating expenses, the company shows operational efficiency with headcount reduction and cost management. The Q&A reveals positive sentiment towards technology differentiation and market opportunities, despite some supply chain and economic challenges. The partnership with Infineon is a positive catalyst, and the optimistic guidance for Q3 supports a positive outlook. Overall, the sentiment is positive, suggesting a likely stock price increase in the short term.