Rosenblatt upgrades Navitas Semiconductor to Buy from Neutral, keeps price target at $13

Rosenblatt upgraded Navitas Semiconductor (NVTS) to Buy with a $13.00 price target, citing strong power demand and strategic acquisitions. The company reported Q3 revenue growth of 38% YoY, but a wider-than-expected loss. Analysts expect revenue growth in 2028-2029 due to design wins and AI processor power-management requirements.

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.