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Navitas’ revenue grows by 8.2% in Q1

What happened

Navitas Semiconductor reported Q1 2022 revenue of $6.74 million, an 8.2% sequential increase and a 27% year-over-year gain. This growth is attributed to strong demand for its gallium nitride (GaN) power ICs in markets like mobile fast charging. 利多: The sustained revenue growth signals robust end-market demand for GaN components, which traders should monitor for potential supply tightening.

Impact and signal

Medium impactImpact score: 58/100

Affected components and suppliers

GaN Power IC

Navitas Semiconductor Corp

earningsrevenue-growthdemand-trend

Source and time

Source: Semiconductor Today · 5/18/2022 · View original source

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Navitas’ revenue grows by 8.2% in Q1

What happened

Impact and signal

Affected components and suppliers

Source and time

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