Navitas Semiconductor Corp 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from ______ to ______ Commission file number:001-39755 Navitas Semiconductor Corporation (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 3520 Challenger Street90503-1640Torrance, California(Address of Principal Executive Offices)(Zip Code) (844) 654-2642Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐Yes☒No Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 233,713,166shares of Class A Common Stock and 0 shares of Class B Common Stock were outstanding at May1, 2026. TABLE OF CONTENTS Part I - Financial Information Item 1.Financial Statements (unaudited)4Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20254Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 20255Condensed Consolidated Statements of Stockholders’ Equity for theThree Months Ended March 31, 2026 and20256Condensed Consolidated Statements of Cash Flows for the ThreeMonths Ended March 31, 2026 and 20257Condensed Notes to Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures About Market Risk24Item 4.Controls and Procedures25 Part II - Other Information Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 6.Exhibits 262627 Signatures PART I—FINANCIAL INFORMATION NAVITAS SEMICONDUCTOR CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(unaudited) NAVITAS SEMICONDUCTOR CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) NAVITAS SEMICONDUCTOR CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(unaudited) NAVITAS SEMICONDUCTOR CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) NAVITAS SEMICONDUCTOR CORPORATIONNOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited) 1. ORGANIZATION AND BASIS OF PRESENTATION Navitas Semiconductor Corporation (“The Company”) was founded in 2014 and has since been developing next-generation powersemiconductors including gallium nitride (“GaN”) power integrated circuits (“ICs”), silicon carbide (“SiC”) and associated high-speedsilicon system controllers and digital isolators used in power conversion and charging. The Company presently operates as a product designhouse that contracts the manufacturing of its chips and packaging to partner suppliers. Navitas maintains its operations around the world,including the United States, Philippines, China, Taiwan, and South Korea, with principal executive offices in Torrance, California. The Company has two authorized classes of common stock: Class A common stock, par value of $0.0001 per share (“Class A commonstock”) and Class B common stock, par value of $0.0001 per share (“Class B common stock”). Both classes have identical voting, dividend,and liquidation rights. There were no outstanding Class B shares as of March31, 2026 and 2025. The Company also has authorized1.0