Navitas Semiconductor (NVTS) shares rose 6% after third-quarter revenue of $14.0 million beat the $13.17 million consensus, and fourth-quarter guidance of $16.0 million at the midpoint topped the $15.12 million estimate. The company expects AI infrastructure to exceed 40% of fourth-quarter sales as mobile chips, most of last year's revenue, nearly disappear by year-end. It now guides 2026 revenue to $49.1 million, above the $47.7 million consensus, and expects AI infrastructure revenue to grow about 3x in 2027. The article notes Navitas trades at 34x forward sales, above its three-year average of 31x, so part of the 2027 growth is already reflected in the share price. NVIDIA's November 17 report will be the next read on 800-volt timing.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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