NuAxiSemiconductor trade intelligence
Navitas’s Q2 revenue and gross margin at higher end of guidance
What happened
Navitas Semiconductor reported Q2 2024 revenue of $20.5M, at the high end of its $20M±$0.5M guidance, though down 12.6% sequentially from Q1. The year-on-year growth of 13% and strong first-half performance of nearly 40% YoY suggest resilient demand for its GaN and SiC power ICs. Watch: Mixed signals from sequential decline versus strong annual growth create uncertainty for near-term component pricing and demand trajectory.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
GaN Power ICsSiC Power Semiconductors
Navitas Semiconductor
earnings-reportguidance-beatrevenue-decline-qoq
Source and time
Source: Semiconductor Today · 8/9/2024 · View original source
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