Slides
Page 1
Copyright Navitas Semiconductor Navitas Semiconductor Investor Update January 2026 Proprietary - Navitas Semiconductor - All Rights Reserved
Page 2
Copyright Navitas Semiconductor 2 Notice Cautionary Statement Regarding Forward-Looking Statements This investor presentation includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact.Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current indications of customer interest, all of which are based on various assumptions, whether or not identified in this presentation. All such statements are based on current expectations of the management of Navitas and are not predictions of actual future performance. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance are beyond the control of Navitas, and forward-looking statements are subject to a number of uncertainties. Our business is subject to certain risks that could materially and adversely affect our business, financial condition, results of operations, or the value of our securities.These and other risk factors are discussed in the Risk Factors section beginning on p. 15 of our annual report on Form 10-K for the most recent fiscal year, as updated in the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements. Intellectual Property Notice This inventor presentation is the intellectual property of Navitas Semiconductor and its affiliates. No unauthorized reproduction, distribution or use is permitted. All rights reserved. Any third-party names, logos, marks or products are the intellectual property of their respective owners and no endorsement or affiliation is implied. Information from third party sources is believed to be reliable and is provided as of the original publication date. Navitas undertakes no obligation to update this presentation. Proprietary - Navitas Semiconductor - All Rights Reserved
Page 3
Copyright Navitas Semiconductor 3Copyright Navitas Semiconductor Navitas 1.0 Product and technology innovation 2014-2024 Strategic Shift towards High-Power GaN and SiC markets High growth and higher value market segments focus High-power markets: AI data centers, performance computing, energy and grid infrastructure, and industrial electrification – away from consumer and mobile Technological Leadership Benefiting from 10+ years of technology leadership, product innovation and system expertise in GaN, GaN ICs, and high -voltage SiC, informed by customer requirements through strategic partnerships Operational Efficiency Streamlined and geographically rebalanced organization, technology partnerships with scalable U.S. foundries, advanced packaging and module partners, solution offerings through collaborations Financial Discipline Prioritized investments and a shift towards higher value programs with focus on scalable and consistent growth Navitas 2.0 Sustainable growth from High Power markets driven by AI catalyst 2025+ Source: Navitas Proprietary - Navitas Semiconductor - All Rights Reserved One of the very few suppliers offering full spectrum of SiC and GaN products and solutions to support impending shifts in power architecture driven by AI revolution
Page 4
Copyright Navitas Semiconductor 4Copyright Navitas Semiconductor Target Markets and Growth Opportunities AI Datacenters Industrial Electrification Performance Computing Grid & Energy Infra. $1.4-2.5 B $0.4 B $1-1.8 B $0.7 B Proprietary - Navitas Semiconductor - All Rights Reserved GaN / SiC 66% - 87% 110% 63% - 82% 40%CAGR 2025-30 2030 SAM GaN / SiC GaN / SiC GaN
Page 5
Copyright Navitas Semiconductor 5Copyright Navitas Semiconductor Focused on High-Power Markets with GaN and High Voltage SiC Categories Others low power markets (e.g., low end consumer, home appliances..) MobileIndustrial Electrification (including Robotics) AI Datacenters Automotive (EVs)Performance ComputingEnergy & Grid Infrastructure Gallium Nitride (GaN) Silicon Silicon Carbide (SiC) HV (650V - 1200V) MV (100V - 650V) LV (< 100V) UHV (> 1200V) End markets Material Area Voltage1 HV (1200V - 1700V) LV (400V – 750V) UHV (2000V to 10 kV) Gallium Nitride (GaN) Silicon Carbide (SiC) Included in SAM Excluded from TAM Included in TAM Source: Navitas1: LV: Low Voltage, MV: Medium Voltage, HV: High Voltage, UHV: Ultra-high Voltage Proprietary - Navitas Semiconductor - All Rights Reserved Current Products Future Products
Page 6
Copyright Navitas Semiconductor 6Copyright Navitas Semiconductor Total SAM Growing at 60-75% CAGR to $3.5 – $5.4B in 2030 263 546 910 1,348 1,800 2,900 398 618 851 1,106 1,700 2,450 ‘27 ‘28 ‘29 2030 (Base)1 330 661 200 1,761 2,455 2030 (High)1 5,350 3,500 1,164 ‘262025 130 HV/ UHV SiCGaN Performance Computing Industrial Electrification AI Datacenters Energy & Grid Infra. Navitas SAM By product category By market segment Proprietary - Navitas Semiconductor - All Rights Reserved 1. 2030 SAM: Base case assumes moderate penetration of AI datacenters with total 2030 demand of 219 GW, moderate adoption of GaN and SiC in energy & grid infrastructure; High case assumes accelerated penetration of AI datacenters with total 2030 demand of 298 GW, faster growth of energy & grid infrastructure power electronics with accelerated adoption of GaN and S iC Source: Yole Compound Semi market monitor Q3 2025, McKinsey Center for Future of Mobility, McKinsey datacenter infrastructure model, IDC Smartphone market insights CAGR 60% - 75% 2025 10 110 90 120 330 CAGR 2025-30 Base High 40% 40% 66% 87% 110% 110% 63% 82% $M
Page 7
Copyright Navitas Semiconductor 7Copyright Navitas Semiconductor GaN: SAM Growing 70-85% CAGR to ~$1.8 – 2.9B in 2030 2025 50 550 1,200 200 200 1,000 – 2,100 2030 400 550 3,600 – 4,700 CAGR 45-55% GaN power devices TAM, $M 1,000 – 2,100 20302025 130 1,800 – 2,900 Navitas SAM (GaN only), $M Assumptions 2030: Penetration of non-commoditized GaN devices – Industrial: 85%; Computing and high-power delivery: 95% SAM excludes: • All EV on-board electronics • Mobile & Other markets Source: Yole Compound Semi market monitor Q3 2025, McKinsey Center for Future of Mobility, McKinsey datacenter infrastructure model, IDC Smartphone market insights 200 200 400 AI Datacenters Datacenter HVDC power conversion and delivery, energy storage (BBUs, CBUs), etc Energy and grid infrastructure HVDC transmission systems, grid -tied inverters in utility-scale renewable energy farms, BESS etc. Performance computing High-power, high-density chargers as portable computers evolve with AI - native processing Key growth drivers Industrial electrification Non-EV traction systems (e.g., rail, heavy machinery, ATEs), high-efficiency industrial motor drives, robotics etc. CAGR 70-85% 110% 35% 60% 80-110% Proprietary - Navitas Semiconductor - All Rights Reserved Industrial ElectrificationEnergy & Grid Infrastructure Mobile 5Performance Computing Automotive (EVs)AI Datacenters Others
Page 8
Copyright Navitas Semiconductor 8Copyright Navitas Semiconductor SiC: SAM Growing 53-65% CAGR to ~$1.7 – 2.5B in 2030; ~4x Faster than TAM 2025 5,000 2,100 1,100 2,250 - 3,000 2030 1,100 200 1,400 3,000 5,700 10,450 – 11,200 SiC power devices TAM, $M 400 850- 1,600 2030 450 2025 200 1,700 – 2,450 Navitas SAM, $M Key growth drivers 45% 45% 65-87% 11% 8% 15-22% 40% 1. Solid State Transformers 2. Battery Energy Storage System 3. Power Factor Source: Yole Compound Semi market monitor Q3 2025, McKinsey Center for Future of Mobility, McKinsey datacenter infrastructure model AI Datacenters High voltage AC/DC, DC/DC converters in datacenter power tree, BBUs, UPS, cooling systems etc. Energy & grid infrastructure SSTs1 for HVDC transmission, renewable grid integration (e.g., utility-scale solar farms), BESS2, PF3 correction systems, etc. Assumptions 2030: Penetration of non -commoditized GaN devices – Industrial: 85%, computing and high -power delivery: 95% Automotive (EVs)Industrial ElectrificationEnergy & Grid InfrastructureAI Datacenters SAM excludes: • All EV on-board electronics • All low voltage SiC (i.e., below 750V) Industrial electrification Non-EV traction systems (e.g., rail, heavy machinery, A TEs), Robotics, Megawatt charger systems, high- efficiency industrial motor drives, high-power induction heating systems etc. Proprietary - Navitas Semiconductor - All Rights Reserved CAGR 13-14% CAGR 53-65%
Page 9
Copyright Navitas Semiconductor 9Copyright Navitas Semiconductor Proven Leadership in Next-Gen Power Semiconductors Portfolio, technology moats and expertise in both GaN and SiC GaN: Pioneered market adoption with 300Mu+ shipped and large patent portfolio SiC: Leader in high voltage to ultra high -voltage SiC with exceptional reliability and figure of merits Summary Investment Highlights Well Positioned to Execute with Strong Balance Sheet Q3 2025 cash balance of $150M; zero debt Completed $100M private placement in Q4 2025 Committed to financial discipline and path to profitability Strategic Transformation to High-Value Markets Focused investment in higher power markets to drive scalable growth AI data centers, performance computing, grid and energy infrastructure, industrial electrification Advanced technology partnership with leading foundries Pureplay opportunity in a next-gen, high-power technology provider Proprietary - Navitas Semiconductor - All Rights Reserved
Page 10
Copyright Navitas Semiconductor January 2026 Proprietary - Navitas Semiconductor - All Rights Reserved