Navitas Semiconductor Corporation (NVTS) Misses Q2 EPS by 1c, provides guidance

Navitas Semiconductor Corporation (NASDAQ: NVTS) reported Q2 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $20.5 million versus the consensus estimate of $20.02 million.

GUIDANCE:

Navitas Semiconductor Corporation sees Q3 2024 revenue of $22 million plus or minus $500 thousand, versus the consensus of $23.609 million.
Non-GAAP gross margin for the third quarter is expected to be 40% plus or minus 50 basis points and non-GAAP operating expenses are expected to be approximately $21.5 million.

For earnings history and earnings-related data on Navitas Semiconductor Corporation (NVTS) click here.

You May Also Be Interested In

• Citrini flags overheating concerns as leverage, chip rally weigh on KOSPI
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Cushman & Wakefield names two capital markets leaders in APAC