NAVITAS SEMICONDUCTOR $NVTS Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $14.0M (Est. $13.2M) 🟢; +38% YoY 🔹 Adj. EPS: -$0.03 (Est. -$0.04) 🟢 🔹 Non-GAAP Gross Margin: 40.0% (Est. 39.4%) 🟢; +130 bps YoY Q4 Guide: 🔹 Revenue: $16.0M +/- $0.5M (Est. $14.7M) 🟢 🔹 Non-GAAP Gross Margin: 40.5% +/- 100 bps (Est. 39.8%) 🟢 🔹 Non-GAAP OpEx: $25.0M +/- $1.0M Announcements: 🔹 NVIDIA: 800 V-to-12 V board; 800 V-to-6 V and 800 V-to-50 V solutions 🔹 U.S. Government: Selected to develop next-generation 10 kV SiC semiconductors Other Q3 Metrics: 🔹 High-Power Revenue Growth: 125% for FY26 🔹 AI Infrastructure: More than 40% of total sales by year-end Key Updates: 🔹 Claros acquisition closed, adding IVR technology for the grid-to-xPU strategy Comments: 🔸 “By year-end, we expect mobile and low-end consumer revenue to be essentially eliminated from our mix, further positioning the Company as a high-power business with AI Infrastructure, composed of AI Data Centers and energy grid infrastructures that power them, expected to account for more than 40% of total revenue.” 🔸 “At the midpoint of our fourth quarter guidance, we expect to deliver the fourth consecutive quarter of double-digit sequential revenue growth and exit 2026 as a high-power company with a strong book-to-bill ratio well above one and backlog that extends into mid-2027.”