NuAxiSemiconductor trade intelligence
Transphorm quarterly product revenue grows 18% sequentially to higher-than-expected $3.55m
What happened
Transphorm reported fiscal Q2 2024 revenue of $5.01m, down 15% sequentially but up 36.5% year-on-year, with product-specific revenue growing 18% sequentially to $3.55m, exceeding expectations. The company's performance indicates stronger-than-anticipated demand for its high-voltage GaN power conversion products. Watch: The sequential product revenue beat suggests robust near-term demand for GaN FETs, but the overall revenue decline and company's financial position introduce uncertainty for traders.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
GaN FETsPower Semiconductors
Transphorm Inc
earningsrevenue-beatGaN
Source and time
Source: Semiconductor Today · 11/29/2023 · View original source
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