Nvidia's $81.6B revenue surges; Navitas rebounds from China pullout

Nvidia and Navitas Semiconductor represent two divergent paths within the AI semiconductor market. Nvidia has maintained consistent upward momentum, with quarterly revenue growing from $30.0 billion in Q3 2024 to $81.6 billion in Q2 2026—a trajectory that reflects the company's success in capturing enterprise demand for graphics processing units and accelerated computing hardware. Management's forecast of $91 billion for the next quarter suggests this acceleration is expected to continue. Navitas Semiconductor, by contrast, faced a strategic inflection point. The company's decision to exit its mobile and consumer business in China—historically its largest revenue source at 60% of 2024 sales—triggered a sharp decline through 2025, bottoming in Q4 of that year. However, the body's data shows a reversal beginning in Q1 2026 ($8.6 million) and continuing into Q2 2026 ($10.5 million). This recovery, combined with management's Q3 forecast of $13.5 million, suggests the pivot toward artificial intelligence products is validating the company's strategic shift. For investors, these trends illustrate how companies positioned squarely in AI infrastructure (Nvidia) are scaling rapidly, while those transitioning from legacy markets to AI (Navitas) face near-term pain but may be positioning themselves for longer-term opportunity.