When did Navitas Semiconductor Corporation report Q1 2024 earnings?

Navitas Semiconductor Corporation (NVTS) reported Q1 2024 earnings on May 9, 2024 after market close.

What were Navitas Semiconductor Corporation's Q1 2024 revenue and EPS?

Navitas Semiconductor Corporation reported revenue of $23.2M and eps of $-0.06 for Q1 2024.

Did Navitas Semiconductor Corporation beat estimates in Q1 2024?

Revenue missed the consensus estimate of $23.8M by $635.0K. EPS missed the consensus estimate of $-0.05 by $0.01.

Where can I find Navitas Semiconductor Corporation's Q1 2024 SEC filings?

You can read the 10-Q periodic report (0001821769-24-000064) directly on SEC EDGAR. The filing index links above go to sec.gov.

Navitas Semiconductor Corporation NVTS Q1 2024 earnings

Reported May 9, 2024 · After market close

Revenue$23.2MMiss by $635.0K

EPS-$0.06Miss by $0.01

Revenue estimate$23.8M

EPS estimate-$0.05

Next report

Date not yet announced

Financials

Q1 2024

Income statement

See full

Revenue$23.2M+73.5%

Gross profit$9.5M+73.5%

Operating income-$31.6M+11.0%

Net income-$3.7M+94.0%

EPS (diluted)-$0.02+94.9%

Balance sheet

See full

Cash & equivalents$129.7M+28.6%

Total debt$8.2M+21.4%

Total equity$397.9M+15.5%

Total assets$467.9M+12.5%

Cash flow

See full

Operating cash flow-$19.8M-150%

CapEx$2.9M+256%

Free cash flow-$22.7M-160%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$852.78M-29.6%

Enterprise value$731.26M-34.5%

P/S9.6×-17.6×

Profitability

See full

Gross margin39.3%+6.8pp

Operating margin-128%-44.9pp

Net margin-97.8%-21.5pp

FCF margin-65.9%-18.0pp

Returns & leverage

See full

Return on equity-23.5%+1.4pp

Debt / equity0×0.0×

Current ratio4.6×-1.0×

Versus estimates

Revenue

Q2 2026$10.5MBeat by $557.6K Q1 2026$8.6MBeat by $376.6K Q4 2025$7.3MBeat by $353.1K Q3 2025$10.1MBeat by $3.2M Q2 2025$14.5MMiss by $1.1M Q1 2025$14.0MMiss by $990.9K

Diluted EPS

Q2 2026-$0.04Beat by $0.00 Q1 2026-$0.04Beat by $0.01 Q4 2025-$0.05In line Q3 2025-$0.05In line Q2 2025-$0.05In line Q1 2025-$0.06In line

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Questions, answered.

When did Navitas Semiconductor Corporation report Q1 2024 earnings?: Navitas Semiconductor Corporation (NVTS) reported Q1 2024 earnings on May 9, 2024 after market close.
What were Navitas Semiconductor Corporation's Q1 2024 revenue and EPS?: Navitas Semiconductor Corporation reported revenue of $23.2M and eps of $-0.06 for Q1 2024.
Did Navitas Semiconductor Corporation beat estimates in Q1 2024?: Revenue missed the consensus estimate of $23.8M by $635.0K. EPS missed the consensus estimate of $-0.05 by $0.01.
Where can I find Navitas Semiconductor Corporation's Q1 2024 SEC filings?: You can read the 10-Q periodic report (0001821769-24-000064) directly on SEC EDGAR. The filing index links above go to sec.gov.