Navitas Semiconductor Corporation (NVTS) Reports In-Line Q3 EPS, provides guidance

Navitas Semiconductor Corporation (NASDAQ: NVTS) reported Q3 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $21.7 million versus the consensus estimate of $21.93 million.

GUIDANCE:

Navitas Semiconductor Corporation sees Q4 2024 revenue of $18-20 million, versus the consensus of $23.988 million. Non-GAAP gross margin for the fourth quarter is expected to be 40% plus or minus 50 basis points and non-GAAP operating expenses are expected to be approximately $20.5 million in the fourth quarter of 2024.

For earnings history and earnings-related data on Navitas Semiconductor Corporation (NVTS) click here.

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