Navitas Semiconductor Q1 revenue rises 18% driven by high-power markets, eyes continued growth in 2026

Navitas Semiconductor reported an 18% sequential revenue increase to $8.6 million in Q1 2026, driven by growth in high-power markets such as AI data centers, grid infrastructure, and industrial electrification. The company is shifting focus from mobile to high-power sectors, which now make up the majority of its revenue and are expected to fuel ongoing growth. Navitas also appointed Tonya Stevens as CFO to lead financial strategy and aims to expand gross margins and improve profitability throughout 2026. The company anticipates over 16% sequential revenue growth in Q2 2026, supported by new product innovations and strong customer demand in AI and energy markets.