Overview
- Navitas said on Dec. 11 that Avnet is now a globally franchised distributor, expanding beyond the prior Avnet Silica relationship in Europe.
- The partnership targets AI data centers, high‑performance computing, renewable energy, grid infrastructure, and industrial electrification.
- The move aligns with Navitas’ shift away from China-focused mobile and consumer channels toward higher-power, growth markets.
- Through Q3 2025, revenue fell to $38.6 million from $65.3 million in 2024 and the company reported a $66.4 million operating loss with $77.8 million in operating expenses.
- Management guided Q4 revenue to about $7 million versus $18 million a year earlier and the company named Chris Allexandre CEO in August following Gene Sheridan’s departure.