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Designs gallium-nitride (GaN) and silicon-carbide power chips that make chargers, EVs and data-center power supplies smaller and more efficient.
Designs gallium-nitride (GaN) and silicon-carbide power chips that make chargers, EVs and data-center power supplies smaller and more efficient.
Fabless: it designs chips and pays foundries to make them, selling to makers of phone chargers, where design wins turn into volume quickly but at low prices per chip. The shift toward data-centre and EV power is a longer sales cycle with higher value. Went public through a 2021 merger with a blank-cheque company.
In one line: A small, GaN-focused peer of Power Integrations.
Moat: narrow (IP / patents, process know-how). Early mover and patent portfolio in GaN power ICs, in a market larger incumbents are now also entering.
Headquarters: Torrance, California, US · Founded: 2014 · Employees: 190
Size NVTS (NVTS) is a United States Information Technology company (Semiconductors) with a market value of $2.32B, the 1705th largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.61 on 6 Nov 2026.
Performance Over six months the shares fell 52.7%, against -31.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 28.6% over the last twelve months (peer median +22.4%); the operating margin is -272.6% (peer median 10.1%).
Valuation It trades at 44.4× enterprise value to sales against a peer median of 5.9× (most expensive of 21).
Capital Return on invested capital runs 55.1 points below its cost of capital (19.8% WACC).
Short interest Short interest is 19.6% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $40.4M | $45.9M | $83.3M | $79.5M | $37.2M |
| Revenue growth | — | -45% | +5% | +113% | — |
| Gross profit | -$1.80M | -$4.69M | $9.41M | $12.2M | $4.33M |
| EBITDA | -$89.3M | -$65.4M | -$105M | -$96.8M | -$109M |
| Net income | -$331M | -$117M | -$84.6M | -$145M | $73.9M |
| Free cash flow | -$76.4M | -$44.4M | -$65.6M | -$44.9M | -$49.1M |
| Capital expenditure | $1.40M | $1.48M | $6.77M | $4.78M | $4.64M |
| Total debt | $6.60M | $6.47M | $7.32M | $8.54M | $6.57M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| NVTS NVTS | $2.32B | -53% | -29% | -273% | 44.4× | n/a |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 4.2× | 30.2% |
| STM STM | $41.0B | -29% | +16% | 7% | 2.9× | 38.6% |
| POWI POWI | $2.25B | -45% | +2% | 8% | 4.4× | 35.9% |
| WOLF WOLF | $1.26B | -49% | -12% | -67% | 3.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NVTS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.2% | -20.4% | 11th highest of 21 |
| 6-month return | -52.7% | -31.9% | 2nd lowest of 21 |
| Distance from 52-week high | -74.8% | -57.6% | lowest of 21 |
| Revenue growth (TTM) | -28.6% | +22.4% | 3rd lowest of 21 |
| Operating margin | -272.6% | 10.1% | lowest of 21 |
| EV / Sales | 44.4× | 5.9× | most expensive of 21 |
| ROIC minus cost of capital | -55.1 pp | -5.5 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | 44.4× | n/a | n/a |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 12.4× | 24.4% | +2.7% |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 4.8× | n/a | n/a |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 30.8× | 52.1% | +51.8% |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 0.8× | 2.4% | +0.1% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 9.8× | 39.2% | +19.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 7.5× | 34.6% | +21.1% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 5.1× | n/a | n/a |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | 1.8× | 31.8% | +20.8% |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 1.5× | -6.0% | +24.3% |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 4.4× | 35.9% | -1.9% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 5.2× | n/a | n/a |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 1.6× | 2.3% | +8.3% |
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | 2.7× | n/a | n/a |
| Xiamen UX IC 688807.SS | China | $2.22B | -48% | +26% | 13% | 23.7× | n/a | n/a |
| Wuxi Taclink Optoelectronics Technology 688205.SS | China | $2.20B | -62% | +20% | 3% | 13.5× | n/a | n/a |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 7.8× | n/a | n/a |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 5.7× | 27.2% | +14.5% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 15.8× | 6.9% | +9.7% |
| nLIGHT LASR | United States | $2.19B | +72% | +43% | -5% | 6.0× | 39.2% | +3.2% |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 33.5× | 48.7% | +23.2% |