NuAxiSemiconductor trade intelligence
Navitas’ revenue grows 22% sequentially in Q3
What happened
Navitas Semiconductor reported Q3 2023 revenue of $22 million, a 22% sequential increase and 115% year-over-year growth, partly driven by its acquisition of GeneSiC Semiconductor. The strong growth indicates robust demand for GaN and SiC power semiconductors in end markets like EVs and renewables. Watch: The sustained high growth rate signals strong underlying demand, but traders should monitor for signs of inventory normalization or supply chain adjustments that could impact pricing.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
GaN Power ICsSiC Power Semiconductors
Navitas Semiconductor CorpGeneSiC Semiconductor Inc
earningsgrowthacquisition
Source and time
Source: Semiconductor Today · 11/28/2023 · View original source
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