Navitas Semiconductor (NVTS) - 2025 Q1 - Quarterly Results

Exhibit 99.1 1Q25 Financial Highlights Market, Customer and Technology Highlights: Business Outlook • Second quarter 2025 net revenues are expected to be $14.0 to$15.0 million. Non-GAAP gross margin for the second quarter is expected to be 38.5% plus or minus 50 basis points, and non-GAAP operating expenses are expected to be approximately $15.5 million in the second quarter of 2025. • GaN expected production ramp in new mainstream markets in AI data centers, solar micro- inverters and EV over next 12 mont ...