Shares of Navitas Semiconductor Corp (NASDAQ: NVTS) plummeted 13.91% in after-hours trading on Monday following the release of its second-quarter 2025 financial results and disappointing third-quarter guidance. The significant drop reflects investors' concerns about the company's financial performance and future prospects.

For the second quarter, Navitas reported revenue of $14.49 million, slightly beating the analyst consensus estimate of $14.376 million. However, this figure represents a substantial 29.21% decrease compared to the same period last year when the company posted sales of $20.468 million. On the earnings front, Navitas reported a quarterly loss of $(0.05) per share, meeting analyst expectations and showing a modest improvement from the $(0.07) per share loss in the previous year.

Despite narrowing its GAAP operating loss to $21.7 million from $31.1 million in Q2 2024, Navitas still faced significant financial challenges. The company reported a net loss of $49.075 million for the quarter, underscoring ongoing profitability issues. Adding to investor worries, Navitas provided a weak outlook for the third quarter of 2025, projecting revenue of $10.0 million, plus or minus $0.5 million. This guidance suggests a further decline in revenue compared to the just-reported Q2 results, likely contributing to the sharp after-hours sell-off.