Transphorm, Inc. (TGAN)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Transphorm, Inc. (TGAN) trades at $5.10 with AI Score 43/100 (Grade C). Transphorm, Inc. develops and sells gallium nitride (GaN) semiconductor components for power conversion applications. Market cap: $323.12M, Sector: Technology.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for TGAN: TGAN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TGAN against Technology peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
TGAN: the 1 perspectives are evenly split.
How is this calculated? →Transphorm, Inc. (TGAN) Technology Profile & Competitive Position
Transphorm, Inc. specializes in GaN power conversion semiconductors, targeting high-growth sectors like electric vehicles and data centers. With a focus on efficiency and performance, the company faces competition in a rapidly evolving market while expanding its global reach.
What Is the Investment Thesis for TGAN?
Transphorm's investment thesis centers on the growing demand for efficient power conversion solutions, particularly in electric vehicles and data centers. The company's GaN technology offers superior performance compared to traditional silicon-based solutions, potentially driving adoption across various applications. Key value drivers include expanding market share in target sectors and continued innovation in GaN technology. However, the company's negative profit and gross margins (-191.9% and -5.8% respectively) indicate financial challenges. The company's market capitalization is $0.32B. Upcoming catalysts include potential design wins in the automotive sector and expansion of its product portfolio. Investors should monitor the company's ability to improve profitability and manage competition.
Based on FMP financials and quantitative analysis
TGAN Key Highlights
- Transphorm operates with 128 employees, indicating a relatively lean organizational structure.
- The company's products are sold in Mainland China, Hong Kong, Taiwan, the United States, Japan, South Korea, and Europe, demonstrating a global presence.
- Transphorm's GaN devices target applications in smartphone power adapters/fast-chargers, power supplies for datacenter servers/communication, industrial power converters, and chargers/converters/inverters for electric vehicles.
- The company's negative profit margin of -191.9% highlights the need for improved cost management and revenue generation.
- Transphorm's shares exhibit a beta of 0.43, suggesting lower volatility compared to the overall market.
Who Are TGAN's Competitors?
TGAN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AHI Advanced Health Intelligence Ltd | $1.50 | +0.00% | $345.76M | 46 |
| ITI Iteris, Inc. | $7.19 | -0.14% | $309.47M | 45 |
| LSAK Lesaka Technologies, Inc. | $4.89 | -0.20% | $419.55M | 47 |
| LVOX LiveVox Holdings, Inc. | $3.73 | +0.81% | $352.99M | 54 |
| ARM Arm Holdings plc American Depositary Shares | $322.82 | +2.39% | $343.48B | 72 |
| MRVL Marvell Technology, Inc. | $252.03 | +2.75% | $220.47B | 69 |
| SLAB Silicon Laboratories Inc. | $218.46 | +0.11% | $7.21B | 69 |
| KLAC KLA Corporation | $234.66 | -0.38% | $306.53B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TGAN's Key Strengths?
- Proprietary GaN technology.
- Focus on high-growth markets like EVs and data centers.
- Global presence with sales in multiple regions.
- Experienced management team.
What Are TGAN's Weaknesses?
- Negative profit margin.
- Negative gross margin.
- Limited financial resources compared to larger competitors.
- Reliance on distributors and sales representatives.
What Could Drive TGAN Stock Higher?
- Potential design wins in the automotive sector for EV charging applications.
- Expansion of the product portfolio with new GaN devices for data center power supplies.
- Increasing adoption of GaN technology in fast chargers for consumer electronics.
- Growing demand for efficient power conversion solutions in industrial applications.
What Are the Key Risks for TGAN?
- Competition from established semiconductor companies with greater financial resources.
- Rapid technological changes rendering existing products obsolete.
- Economic downturns affecting key markets such as automotive and consumer electronics.
- Supply chain disruptions impacting the availability of critical materials and components.
What Are the Growth Opportunities for TGAN?
- Electric Vehicle Market: The increasing adoption of electric vehicles (EVs) presents a significant growth opportunity for Transphorm. GaN-based power devices offer higher efficiency and power density, enabling faster charging and longer driving ranges. The global EV market is projected to reach hundreds of billions of dollars in the coming years, creating a substantial demand for advanced power semiconductors. Transphorm can capitalize on this trend by securing design wins with leading EV manufacturers and suppliers. Timeline: Ongoing.
- Data Center Power Supplies: Data centers are consuming an increasing amount of power, driving the need for more efficient power supplies. GaN technology offers the potential to reduce energy consumption and improve overall data center efficiency. Transphorm can target this market by developing and marketing GaN-based power solutions for data center servers and communication equipment. The data center power supply market is expected to grow significantly in the next few years. Timeline: Ongoing.
- Fast Chargers and Power Adapters: The demand for fast chargers and power adapters for smartphones and other consumer electronics devices is growing rapidly. GaN technology enables smaller and more efficient chargers, offering a competitive advantage. Transphorm can expand its presence in this market by partnering with leading consumer electronics manufacturers. The fast charger market is expected to continue its growth trajectory. Timeline: Ongoing.
- Industrial Power Conversion: Industrial power converters are used in a wide range of applications, including motor drives, renewable energy systems, and factory automation. GaN technology offers improved efficiency and reliability compared to traditional silicon-based solutions. Transphorm can target this market by developing and marketing GaN-based power converters for industrial applications. The industrial power conversion market is a large and diverse market with significant growth potential. Timeline: Ongoing.
- Renewable Energy Systems: The increasing adoption of renewable energy sources, such as solar and wind power, is driving the demand for efficient power conversion systems. GaN technology can improve the efficiency and reduce the size and weight of inverters used in renewable energy systems. Transphorm can target this market by developing and marketing GaN-based inverters for solar and wind power applications. The renewable energy market is expected to continue its strong growth in the coming years. Timeline: Ongoing.
What Opportunities Does TGAN Have?
- Increasing adoption of GaN technology in power conversion applications.
- Expanding market share in the electric vehicle market.
- Growing demand for efficient power supplies in data centers.
- Partnerships with leading manufacturers and suppliers.
What Threats Does TGAN Face?
- Competition from established semiconductor companies.
- Rapid technological changes in the power electronics industry.
- Economic downturns affecting key markets.
- Supply chain disruptions.
What Are TGAN's Competitive Advantages?
- Proprietary GaN technology.
- Established relationships with key customers.
- Expertise in power conversion applications.
- Growing portfolio of GaN-based products.
What Does TGAN Do?
Founded in 2007 and headquartered in Goleta, California, Transphorm, Inc. is a semiconductor company focused on the design, manufacture, and sale of gallium nitride (GaN) semiconductor components. These components are primarily used in power conversion applications across various industries. Transphorm's GaN field effect transistors (FETs) are designed to enable more efficient and compact power systems. The company's products cater to a diverse range of applications, including smartphone power adapters, power supplies for data center servers and communication equipment, industrial power converters, and chargers, converters, and inverters for electric vehicles. Transphorm operates globally, serving customers in Mainland China, Hong Kong, Taiwan, the United States, Japan, South Korea, and Europe. The company utilizes a combination of regional distributors and sales representatives to reach its customer base. Transphorm aims to replace traditional silicon-based power solutions with GaN technology, offering improved performance and efficiency. The company continues to innovate and expand its product offerings to address the evolving needs of the power electronics market.
What Products and Services Does TGAN Offer?
- Develops gallium nitride (GaN) semiconductor components.
- Manufactures GaN field effect transistors (FETs).
- Sells GaN devices for power conversion applications.
- Targets markets including electric vehicles, data centers, and consumer electronics.
- Offers products through regional distributors and sales representatives.
- Provides solutions for smartphone power adapters/fast-chargers.
- Offers power supplies for datacenter servers/communication.
- Develops industrial power converters.
How Does TGAN Make Money?
- Designs and manufactures GaN semiconductor components.
- Sells products to customers through distributors and sales representatives.
- Generates revenue from the sale of GaN devices for various applications.
What Industry Does TGAN Operate In?
Transphorm operates in the semiconductor industry, specifically focusing on power electronics. The industry is witnessing a shift towards wide-bandgap materials like GaN due to their superior performance characteristics compared to silicon. The electric vehicle market is a significant growth driver for GaN power devices, driven by the need for efficient and compact charging solutions. The data center market also presents opportunities for GaN-based power supplies. Competitors include companies focusing on silicon carbide (SiC) and other advanced power semiconductor technologies. The industry is characterized by rapid innovation and increasing demand for energy-efficient solutions.
Who Are TGAN's Key Customers?
- Manufacturers of electric vehicles.
- Data center operators.
- Consumer electronics companies.
- Industrial equipment manufacturers.
Transphorm, Inc. (TGAN) Valuation Context
Valued at $323.12M, TGAN is classified as a small-cap stock. Relative to its peer group, TGAN's quantitative score of 43/100 is roughly in line with the peer average of 53/100.
Key Financial Metrics
Return on assets is -71.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -10.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.40 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -11.1%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Transphorm, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 6.79 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Transphorm, Inc. revenue of about $55.7M for fiscal 2026, with EPS near $-0.33.
TGAN Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Transphorm's focus on GaN technology positions them well for the future of power electronics, especially with increasing demand in EVs and data centers. Think of it like Tesla in 2020 – a bet on a disruptive technology paying off.
- Recent insider buying activity suggests confidence in the company's long-term prospects. Insiders often have a better pulse on the business than the market.
- Community sentiment indicates growing excitement around potential partnerships and new product announcements. This buzz can translate to increased investor interest.
- The overall market perception of GaN technology is improving, with more industries recognizing its efficiency and performance benefits. This rising tide could lift all boats, including Transphorm.
Bear Case
- Transphorm operates in a competitive landscape with established players. Breaking through and gaining significant market share will be a challenge, similar to smaller banks during the 2008 financial crisis facing giants.
- Community discussions reveal concerns about the company's ability to scale production to meet potential demand. Execution is key, and doubts remain.
- Market perception suggests that Transphorm is heavily reliant on a few key customers. This concentration creates vulnerability if those relationships weaken.
- Bearish sentiment within the community points to worries about potential delays in product development and commercialization. These delays could erode investor confidence.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TGAN Latest News
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Earnings Scheduled For November 9, 2023
benzinga · Nov 9, 2023
TGAN Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TGAN.
Price Targets
Wall Street price target analysis for TGAN.
TGAN MoonshotScore
What does this score mean?
The MoonshotScore rates TGAN's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Primit A. Parikh
CEO
Primit A. Parikh serves as the CEO of Transphorm, Inc. His background includes extensive experience in the semiconductor industry, with a focus on power electronics and GaN technology. Prior to joining Transphorm, he held leadership positions at various technology companies, where he was responsible for product development, marketing, and sales. His expertise spans materials science, device physics, and power system design. He has a strong track record of driving innovation and commercializing new technologies. Parikh's educational background includes advanced degrees in engineering and materials science.
Track Record: Under Primit A. Parikh's leadership, Transphorm has focused on expanding its product portfolio and strengthening its position in the GaN power semiconductor market. He has overseen the development of new GaN devices and the expansion of the company's customer base. Parikh has also emphasized strategic partnerships and collaborations to accelerate the adoption of Transphorm's technology. He is focused on improving the company's financial performance and achieving profitability.
TGAN Technology Stock FAQ
What does Transphorm, Inc. do?
Transphorm, Inc. is a semiconductor company that specializes in gallium nitride (GaN) power conversion devices. These devices are used in a variety of applications, including electric vehicles, data centers, and consumer electronics. The company designs, manufactures, and sells GaN field effect transistors (FETs) that offer superior performance compared to traditional silicon-based solutions. Transphorm's products enable more efficient and compact power systems, contributing to energy savings and improved performance in various end products. The company operates globally, serving customers through regional distributors and sales representatives.
What are the main risks for TGAN?
Transphorm faces several risks, including competition from larger, more established semiconductor companies, the potential for rapid technological changes that could render its products obsolete, and economic downturns affecting key markets such as automotive and consumer electronics. The company's negative profit and gross margins also pose a significant risk, as they indicate financial challenges and the need for improved cost management and revenue generation. Supply chain disruptions could also impact the availability of critical materials and components, affecting the company's ability to meet customer demand.
What are the key factors to evaluate for TGAN?
Transphorm, Inc. (TGAN) holds an AI score of 43/100 (low). Not financial advice.
How frequently does TGAN data refresh on this page?
TGAN prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven TGAN's recent stock price performance?
Transphorm, Inc. (TGAN) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Proprietary GaN technology. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TGAN overvalued or undervalued right now?
Valuing Transphorm, Inc. (TGAN) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying TGAN?
Before investing in Transphorm, Inc. (TGAN), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding TGAN to a portfolio?
Key strength of Transphorm, Inc. (TGAN): Proprietary GaN technology. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- Market projections are subject to change based on industry trends and economic conditions.
- Competitive landscape analysis is based on publicly available information.