NVTS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-27

• On May 11, 2026, we entered into a Sales Agreement with Craig-Hallum Capital Group LLC and UBS Securities LLC (the “First Sales Agreement”) pursuant to which we could offer and sell, from time to time, shares of our Class A common stock having an aggregate offering price of up to $125.0 million. The…

• time to time, shares of our Class A common stock having an aggregate offering price of up to $500.0 million. During the six months ended June 30, 2026, we sold approximately 6.5 million shares of our Class A common stock and completed our $125.0 million at-the-market offering program in its entirety…

• We continue to execute the Navitas 2.0 Restructuring Plan, which was initiated in the fourth quarter of 2025 to reposition the Company as a focused high-power semiconductor provider serving large, durable, higher-margin markets. The plan remains centered on portfolio and organizational realignment, …

• The tables and discussion below present our results for the three months ended June 30, 2026 and 2025 (in thousands):

• Cost of revenues (exclusive of amortization of intangible assets included below)11,813 20,873 (9,060)(43)%

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• We continue to execute the Navitas 2.0 Restructuring Plan, which was initiated in the fourth quarter of 2025 to reposition the Company as a focused high-power semiconductor provider serving large, durable, higher-margin markets. The plan remains centered on portfolio and organizational realignment, …

• The tables and discussion below present our results for the three months ended March 31, 2026 and 2025 (in thousands):

• We design, develop and manufacture GaN FETs, GaN ICs, SiC MOSFETs and modules, and Schottky diodes that deliver best-in-class performance, ruggedness, and quality. Our revenue represents the sale of semiconductors through specialized distributors to original equipment manufacturers (“OEMs”), their s…

• The decline in sales of $5.4 million or 39% was primarily due to the decrease in sales of mobile in the Asia region, primarily China, and consumer markets.

• The decrease of $3.4 million or 38% was primarily driven by a decline in sales. The increase in percent of revenue was primarily due to higher stock-based compensation.

Text added vs the prior filing · source: 10-Q · 2026-07-27

• From time to time we may be involved in various disputes and litigation matters that arise in the ordinary course of business. For information regarding the Wolfspeed litigation, see Note 14 - “Commitments and Contingencies” to our Condensed Consolidated Financial Statements included in Part I, Item…

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• From time to time we may be involved in various disputes and litigation matters that arise in the ordinary course of business. We are currently not a party to any material legal proceedings. See Note 14 - “Commitments and Contingencies” – to our Condensed Consolidated Financial Statements included i…

Text added vs the prior filing · source: 10-Q · 2026-07-27

• Except as set forth below, there have been no material changes to the risk factors described under Item 1A of our annual report on Form 10-K for the fiscal year ended December 31, 2025. All of these risk factors should be carefully considered in conjunction with the other information included in thi…

• Intellectual property infringement or misappropriation assertions by third parties could result in significant costs and adversely affect our business, financial condition, operating results and reputation.

• If we infringe or misappropriate, or are accused of infringing or misappropriating, the intellectual property rights of third parties, we may incur substantial costs or be unable to commercialize new products. The semiconductor industry is characterized by frequent litigation regarding patent and ot…

• • Discontinue selling, importing or using certain technologies that contain the allegedly infringing intellectual property, which could cause us to stop manufacturing certain products;

• • Seek to develop non-infringing technologies, which may not be feasible;

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• There have been no material changes from the risk factors described under Item 1A of our annual report on Form 10-K for the fiscal year ended December 31, 2025.