Navitas Semiconductor (NVTS) 2026 Evercore Global TMT Conference summary

Leadership transition and strategic priorities

• New CEO with extensive semiconductor experience joined in September 2025, bringing a shift in company focus.

• Major pivot away from mobile and consumer markets to focus on high-power applications like data centers, grid, and high-performance computing.

• Redeployment of resources and technology investments toward U.S.-based high-power markets.

• By end of 2024, mobile revenue expected to be less than 10% as company fully transitions to high-power sectors.

Technology and market evolution

• Company pioneered GaN technology and expanded with the acquisition of GeneSiC for SiC, creating a pure-play wide bandgap portfolio.

• GaN and SiC technologies are now mainstream in high-power markets, especially for data centers and grid modernization.

• Partnership with NVIDIA and hyperscalers is accelerating the shift to 800 V DC architectures in data centers, replacing legacy 50 V systems.

• GaN is essential for high-frequency switching inside racks, while SiC is optimal for high-voltage, high-reliability grid and AC/DC conversions.

Market opportunity and technology deployment

• Content per megawatt is the preferred metric, with $10,000–$15,000/MW for GaN and $8,000–$12,000/MW for SiC in data centers.

• Grid modernization with solid-state transformers could drive SiC content up to $20,000/MW.

• Both GaN and SiC are expected to see balanced growth as the industry moves to higher voltage and power levels.

• AI and high-performance computing are driving demand for higher power density and efficiency, expanding use cases for GaN.