Navitas jumps after US Army picks it to develop next-gen silicon carbide technology (NVTS:NASDAQ)

Navitas Semiconductor (NVTS) shares rose 20% in after-hours trading after being selected for a U.S. Army program to develop ultra-high-voltage silicon carbide technology. The ALATTIS program aims to create domestic manufacturing processes for 10 kV SiC power semiconductors. Financial terms were not disclosed. NVTS stock later pared gains to 14% but ended the regular session down 3.85%.

Navitas Semiconductor's stock surged 14.4% in after-hours trading after the U.S. Army awarded it a contract to develop next-generation silicon carbide power semiconductor technology. The company was chosen for its leadership in ultra-high-voltage SiC innovation and U.S.-based manufacturing. The contract is part of a series of strategic moves, including a partnership with Magnachip and projected revenue growth for Q3 2026.

Navitas Semiconductor (NVTS) shares rose 16.03% in after-hours trading Monday after being selected for the ALATTIS program to develop 10 kV silicon carbide power semiconductor technology. The company was chosen for its leadership in UHV SiC innovation and U.S.-based manufacturing. The program aims to create and validate a new manufacturing process for ultra-high-voltage silicon carbide power semiconductors.

Navitas Semiconductor (NVTS) shares rose 20% in after-hours trading after the U.S. Army awarded the company a contract to develop 10 kV silicon carbide power semiconductors. The ALATTIS program will validate domestic manufacturing for ultra-high-voltage devices. Navitas was chosen for its innovation and U.S.-based manufacturing capabilities, according to the Army.

Argentina filed a criminal complaint against Navitas Petroleum and four other firms over hydrocarbon exploration near the Falklands. The complaint targets companies operating under UK licenses, which Argentina deems illegitimate. Navitas shares slid over 14% since the announcement. The companies maintain they operate under valid licenses from the Falkland Islands government.

Navitas Semiconductor acquired Claros for $232.8M to expand its product portfolio. GlobalFoundries will produce GaN devices for Navitas, marking a milestone in U.S. GaN manufacturing. Navitas reported Q2 2026 revenue of $10.5M and a net loss of $228.2M, facing lawsuits from Renesas and Wolfspeed.