Navitas Semiconductor: Q1 Earnings Insights

Navitas Semiconductor NVTS reported its Q1 earnings results on Monday, May 15, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Navitas Semiconductor beat estimated earnings by 12.5%, reporting an EPS of $-0.07 versus an estimate of $-0.08.

Revenue was up $6.62 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 6.24% increase in the share price the next day.

Here's a look at Navitas Semiconductor's past performance:

To track all earnings releases for Navitas Semiconductor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.