Navitas Semiconductor reported Q2 2026 net revenue of **$10.53 million** , up **22% sequentially** , with high-power product revenue growing over 50% YoY – driven by AI data center power and grid infrastructure orders. Non-GAAP gross margin edged up to **39.5%** , while operating loss stood at $11.4 million. The company guided Q3 revenue to $13.5 million.

CEO Chris Alexander attributed the rebound to the Navitas 2.0 strategy – shifting from low-margin consumer fast-charging to high-power AI data center and energy storage applications, with a target to complete the transition by end-2026.

The company is deploying a three-stage AI power architecture:

• 10kV to 800kV using GeneSiC ultra-high-voltage SiC (1.2kV/3.3kV/6.5kV), with 6.5kV products launching in Q3 and 1.2kV JFET in early 2027.

• 800V to 48V combining high-voltage SiC with GaN, already in customer evaluation, with mass production prep starting year-end.

• 48V to 12V using 80–200V mid-voltage GaN, with final samples shipping in Q4.

Navitas is also ramping its 8-inch GaN wafer line with GlobalFoundries, with qualified chips expected in early 2027.

The company estimates its total addressable market will exceed $3.5 billion by 2030, with 60–75% annual growth.

From ICgoodFind: Navitas is no longer a phone-charging company – it's an AI power player. The pivot to three-stage AI rack power is real, and SiC + GaN in the data center is the next big volume driver.