Navitas Stock (NVTS) Rises after Deal with Nvidia on AI Data Center Power Delivery Board

Navitas Semiconductor (NVTS) reported Q3 2026 revenue of $14.0M, up 33% sequentially and 38% YoY, driven by its pivot to AI infrastructure. The company guided Q4 revenue to $16.0M, up 119% YoY. Shares rose 7.94% to $8.56. The company's strategic shift includes the acquisition of Claros Technologies, expanding its 'grid-to-xPU' technology portfolio.

Navitas Semiconductor (NVTS) reported Q3 revenue of $14.0M, beating estimates and showing 33% sequential growth. Q4 guidance is $16.0M, with a 40.5% gross margin. CEO Chris Allexandre highlighted transformation progress and high-power market expansion. Shares rose 5.5% in after-hours trading.

Navitas Semiconductor Corp (NVTS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Navitas Semiconductor Announces Third Quarter 2026 Financial Results • Total revenue grew 33% sequentially and 38% year-over-year, driven by high-power markets and contributing to continued gross margin expansion • Anticipate another quarter of double-digit sequentia

Navitas Semiconductor (NVTS) rose 8% ahead of its Q3 report after onsemi (ON) reported 175% AI data center revenue growth. onsemi's $600M Ferric acquisition targets the same market. Analysts expect Navitas's 2025 revenue at $45.9M, rising to $47.7M in 2026. Other chip stocks like MPWR, POWI, and SNDK also gained.

Navitas Semiconductor (NVTS) completed the Claros acquisition, adding processor-level power regulation to its GaN and SiC portfolio. The deal expands its 2030 serviceable addressable market to over $8B, with AI infrastructure making up 85% of it, according to the company.

Navitas Semiconductor (NVTS) completed the acquisition of Claros, adding IVR to its power portfolio, which now includes GaN and SiC. The combined technology targets AI infrastructure, aiming for an $8B+ market by 2030, according to the company.