Navitas Semiconductor to Report Q3 2022 Financial Results on Wednesday, November 9th

Rhea-AI Summary

Navitas Semiconductor (Nasdaq: NVTS) announced it will report Q3 2022 financial results on November 9, 2022. The company, a leader in next-generation power semiconductors, integrates GaN technology for efficient performance with an estimated market opportunity of over $22 billion by 2026. Over 50 million GaNFast ICs have been shipped with zero reported failures and the industry’s first 20-year warranty. The call will provide insights into financial results and future outlook for investors and analysts.

Positive

• Market opportunity exceeding $22 billion by 2026.
• Over 50 million GaNFast ICs shipped with zero field failures.
• First in industry to offer a 20-year warranty.

Negative

• None.

TORRANCE, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the pure-play, industry leader in next-generation power semiconductors, today announced that it will report third quarter 2022 financial results after the market close on Wednesday, November 9^th, 2022. Management will host a conference call and live webcast to present the company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific / 5:00 p.m. Eastern that same evening.

Gallium nitride (GaN) and silicon carbide (SiC) are new, advanced technologies that are rapidly replacing legacy silicon chips, with an aggregate market opportunity estimated at over $22 billion per year by 2026. Navitas’ GaNFast™ power ICs integrate GaN power and drive plus protection and control to deliver simple, small, fast and efficient performance. Over 50,000,000 GaNFast ICs have been shipped with zero reported GaN field failures, now with the industry’s first and only 20-year warranty. With pioneering GeneSiC™ technology, Navitas has the broadest portfolio of SiC FETs and diodes, from 650 V to 6.5 kV, and with the industry’s highest efficiency high-temperature, high-speed performance. GeneSiC products address diverse, high-power markets such as EV on-board chargers and traction drive, solar inverters, energy storage, and industrial applications.

Navitas Q3 2022 Financial Results Conference Call and Webcast Information:
When: Wednesday November 9^th, 2022
Time: 2:00 p.m. Pacific / 5:00 p.m. Eastern
Toll Free Dial-in: (646) 307-1963 or (800) 715-9871
Conference ID: 5290893
Live Webcast: https://edge.media-server.com/mmc/p/9vb5pmng
Replay: A replay of the call will be accessible from the Investor Relations section of the Company’s website at https://ir.navitassemi.com/.

About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary GeneSiC™ power devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include mobile, consumer, data center, EV, solar, wind, smart grid, and industrial. Over 185 Navitas patents are issued or pending. Over 50 million GaN units have been shipped with zero reported GaN field failures, and Navitas introduced the industry’s first and only 20-year warranty. Navitas is the world’s first semiconductor company to be CarbonNeutral®-certified.

Navitas Semiconductor, GaNFast, GeneSiC and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Contact Information
Stephen Oliver, VP Corporate Marketing & Investor Relations
ir@navitassemi.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32bb03f0-1acd-429f-9954-19f6f05a537f

FAQ

When will Navitas Semiconductor report its Q3 2022 financial results?

Navitas Semiconductor will report its Q3 2022 financial results on November 9, 2022.

What is the significance of the GaN technology for Navitas Semiconductor?

GaN technology is significant as it is rapidly replacing legacy silicon chips, with a market opportunity estimated at over $22 billion annually by 2026.

How many GaNFast ICs has Navitas shipped?

Navitas has shipped over 50 million GaNFast ICs with zero reported failures.

What warranty does Navitas offer for its GaN products?

Navitas offers the industry’s first and only 20-year warranty for its GaN products.

What time will the Navitas Q3 2022 financial results call take place?

The call will take place at 2:00 p.m. Pacific / 5:00 p.m. Eastern on November 9, 2022.