Navitas Semiconductor (NVTS -9.23%) is chasing one of AI's least obvious opportunities: power delivery. As data centers get hotter, denser, and more expensive to run, Navitas' GaN and SiC technology could become more important if the company turns design wins into real adoption.
Stock prices used were the market prices of July 10, 2026. The video was published on July 20, 2026.
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License agreement provides Magnachip access to Navitas’ GeneSiC™ Gen 4 and Gen 5 SiC technologies spanning 1200 V, 2300 V, 3300 V and higher voltages, supported by Navitas’ supply chain and materials ecosystem
Targeting energy and grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems in Korea
TORRANCE, Calif. and SEOUL, South Korea, July 23, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, and Magnachip Semiconductor Corporation (NYSE: MX), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced a strategic partnership to accelerate adoption of SiC technologies in high-voltage (HV) and ultra-high-voltage (UHV) power markets.
Under the terms of the agreement, Magnachip will license Navitas’ GeneSiC™ Trench-Assisted Planar™ (TAP) technology to enter the HV and UHV SiC markets. The license covers 1200 V, 2300 V, 3300 V and higher voltage GeneSiC technologies, enabling Magnachip to build on Navitas’ proven SiC device platforms for next-generation power conversion applications.
Magnachip will also gain access to Navitas’ SiC supply chain and materials ecosystem, supporting faster market entry. At the same time, the technology is planned to be ported, qualified, and internalized at Magnachip’s fab in South Korea. The companies expect this approach to help accelerate Magnachip’s entry into SiC while maintaining continuity with Navitas’ established technology and materials base. The licensed technologies are expected to support next-generation applications including energy and grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems.
The companies also stated that the agreement encompasses broader engagement beyond SiC. Additional areas of partnership are expected to be detailed and announced later.
“This strategic partnership with Magnachip reflects our long-term vision to broaden GeneSiC adoption across high-voltage and ultra-high-voltage power markets,” said Chris Allexandre, President and CEO of Navitas. “By licensing our proven GeneSiC technologies and supporting Magnachip through our supply-chain and materials ecosystem, we are creating a path to scale advanced SiC solutions more rapidly while enabling a deeper, long-term collaboration between our companies.”
“This agreement opens an important new market opportunity for Magnachip in high-voltage and ultra-high-voltage SiC,” said Chae Lee, Chief Executive Officer of Magnachip. “The addition of GeneSiC technology complements our existing MOSFET and power semiconductor portfolio and positions Magnachip to serve customers that require higher efficiency, higher voltage capability and more reliable power conversion solutions.”
For more information about the partnership and related products, please contact a Navitas representative or write to [email protected].
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, performance computing, energy and grid infrastructure, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GaNSafe, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
About Magnachip Semiconductor
Magnachip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions for a range of applications including industrial, automotive, communications, consumer and computing. Magnachip’s power solutions portfolio includes MOSFET and power IC technologies designed to improve power efficiency and system performance across high-value electronic systems.
This press release includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements are not predictions of actual future performance. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and expectations. For Navitas, these and other risk factors are discussed in the Risk Factors section of its most recent annual report on Form 10-K, as updated in its most recent quarterly report on Form 10-Q, and in other documents filed with the SEC. Magnachip’s risks are discussed in its most recent annual report on Form 10-K, as updated in its most recent quarterly report on Form 10-Q, and other documents filed with the SEC. If any of these risks materialize or if assumptions underlying forward-looking statements prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Statements may be identified by the use of words such as “we expect,” “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and current indications of customer interest, all of which are based on various assumptions. All such statements are based on current expectations of the management of Navitas and Magnachip
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6918420e-4157-4ff2-8510-67143d055ea5
Navitas Semiconductor heads into second-quarter earnings on strong AI data center momentum, amid near-term revenue transition risks and a rich valuation.
Key Takeaways Navitas Semiconductor is shifting toward AI infrastructure and high-power markets to drive growth.NVTS launched new GaN and SiC products as customers advance AI power projects toward commercialization.NVTS expects higher Q2 2026 revenues and margins as AI infrastructure demand continues to expand. Navitas Semiconductor (NVTS - Free Report) is making AI infrastructure the main focus of its business. The company has shifted away from its mobile and low-end consumer business and is now focused on high-power markets, including AI data centers and grid infrastructure. Management said AI is driving demand for its gallium nitride (GaN) and silicon carbide (SiC) power chips, while robust demand in AI infrastructure is helping the company return to revenue growth.
The shift is already showing results. First-quarter 2026 revenues increased 18% sequentially to $8.6 million. Revenues from high-power markets grew 35% year over year and now account for most of the company's revenues. Further, the AI infrastructure business, which includes AI data centers and grid infrastructure revenues, grew 50% sequentially, and the company expects this business to continue growing through the rest of 2026.
Navitas Semiconductor is also introducing new products for AI power systems. During the first quarter, it launched a 20-kilowatt GaN platform for AI data centers and new Gen 5 SiC products for AI power supplies. Management said customers are evaluating these products, and several projects have moved from device testing to board-level testing. The company believes offering both GaN and SiC products helps it support a wider range of AI power applications.
Management expects AI infrastructure to remain its largest growth opportunity. As AI data centers require more power, demand for efficient power chips is expected to increase. The company expects second-quarter 2026 revenues to grow 16% on a sequential basis, while gross margins are expected to improve 75 basis points sequentially. As AI infrastructure spending continues to grow, Navitas remains well-positioned to benefit from higher demand for its GaN and SiC products.
How Competitors Fare Against NVTSThe company faces strong competition from ON Semiconductor (ON - Free Report) and STMicroelectronics (STM - Free Report) in the race to supply high-voltage solutions for AI data centers.
In June 2026, ON Semiconductor introduced GaNEXUS, a new GaN power semiconductor portfolio designed for AI data centers, industrial automation, robotics and energy infrastructure applications. This new portfolio includes GaNEXUS FETs with voltage ratings from 40V to 650V, along with 650V GaNEXUS Smart devices that include built-in protection features to simplify system design and improve reliability. The new devices provide faster switching speeds, lower switching losses, higher power density and better thermal performance than conventional silicon-based power devices to help customers build smaller and more efficient power systems.
STMicroelectronics introduced new 700V GaN power semiconductors in May 2026, designed to improve energy efficiency and power density in AI servers, robotics, industrial systems and advanced consumer applications. The new PowerGaN devices are designed for high-voltage power supplies and support reliable operation in high-power applications. The devices should help improve power conversion efficiency beyond what is possible with conventional silicon-based technologies.
NVTS' Price Performance, Valuation & EstimatesShares of Navitas Semiconductor have rallied 61.6% year to date compared with the Zacks Electronics – Semiconductors industry’s growth of 27.4%.
NVTS YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Navitas Semiconductor trades at a forward price-to-sales ratio of 45.27X, significantly higher than the industry’s average of 12.80X.
NVTS Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Navitas Semiconductor’s 2026 bottom line is pegged at a loss of 17 cents per share. The estimates for 2026 loss per share have remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
Navitas Semiconductor currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares in Navitas Semiconductor (NVTS 4.50%) rose by an incredible 151% in the first half of 2026, according to the data from S&P Global Market Intelligence. The performance comes down to a transformative bet that its management took in recent years, and the good news is it's working.
Navitas pivots toward high-growth markets The company's roots lie in lower-margin power chips for mobile and consumer electronics applications. However, its future lies in gallium nitride (GaN) and silicon carbide (SiC) power chips and devices for high-power, higher-margin end markets. These markets include AI data centers, energy infrastructure, high-performance computing, and electrification.
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While these end markets appear to be a list of buzzwords that define the investment themes that have worked this year, Navitas isn't a latecomer to these markets, nor did it fall into them by accident. In contrast, management has deliberately focused on transitioning the business toward these end markets.
Navitas pivots to high-growth end markets However, as exciting as the pivot is, it hasn't come without challenges, and the chart below shows what you might call a "valley of death" as its traditional revenue declined, pushing the company from profit to loss.
NVTS Revenue (TTM) data by YCharts
Where next for Navitas Semiconductor The company undoubtedly has exciting long-term growth prospects, not least due to its partnership with Nvidia and its potential to grow sales through power conversion solutions for a new generation of data centers that Nvidia is developing an architecture for. The new 800-volt high-voltage direct current (HVDC) centers have a radically different structure that leverages the advantages of Navitas solutions.
In addition, Navitas has a major growth opportunity in grid infrastructure. As CEO Chris Allexandre noted at a Morgan Stanley conference earlier in the year, "without a change of the grid infrastructure, you cannot enable the size and the magnitude of the AI data center rollout that we're going to see in the future."
Image source: Getty Images.
That said, Navitas isn't currently profitable, and according to Wall Street analysts, it won't be until at least 2029. As such, the stock is often treated as a proxy for how the market is feeling about the momentum behind the AI investment boom on any given day, week, or month.
Still, the stock's massive outperformance in 2026 is a clear indication that expectations for spending on AI data centers, grid modernization, and electrification have increased significantly throughout the year. That's a major plus for Navitas, but you will have to be patient before it shows up in its numbers.
Wolfspeed stock is charging ahead with explosive momentum. What’s behind WOLF gains? The lawsuit asserts that a broad range of Navitas products infringes multiple Wolfspeed patents, including five specifically named U.S. patents covering GaN and SiC semiconductor technology. Products accused of infringement span major Navitas product lines — including its GaNFast, GaNSlim, and GaNSafe GaN-based FET families, as well as Navitas’s GeneSiC MOSFETs and SiCPAK modules.
“Wolfspeed’s foundational technology helped create this industry, and we are deeply committed to defending the intellectual property that represents decades of innovation and R&D investment,” said Robert Feurle, CEO. “Protecting our patent portfolio is a strategic priority for the company and our shareholders.”
Wolfspeed Stock Still Faces Technical HeadwindsAt $37.09, Wolfspeed is still trading 20% below its 20-day SMA ($45.55) and 27% below its 50-day SMA ($49.90), which keeps the intermediate trend tilted lower despite the premarket strength. The stock is also trading 4.4% above its 100-day SMA ($34.90) and 31.9% above its 200-day SMA ($27.63), so the longer-term uptrend structure hasn’t fully broken.
The 20-day SMA sitting below the 50-day SMA is a bearish crossover that often acts like "gravity" on rallies until price can reclaim those averages. At the same time, the 50-day SMA remains above the 200-day SMA (a golden cross that occurred in October 2025), which is typically a longer-term bullish backdrop—but it can lose usefulness if price stays pinned below the 50-day for too long.
MACD is the cleaner momentum lens right now: it’s below its signal line and the histogram is negative, which points to upside pressure cooling versus the prior upswing unless buyers can rebuild momentum. Put simply, when MACD is below its signal line, rallies are more likely to fade until momentum flips back in buyers’ favor.
Key Resistance: $36.50 — a nearby pivot area that can cap rebounds, especially with price still well below the 20-day and 50-day moving averages overhead. Wolfspeed Shares Edge HigherWOLF Price Action: At the time of publication, Wolfspeed shares are trading 3.18% higher at $37.00, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Key Takeaways NVTS is targeting 800V AI power systems with new GaN and SiC products for AI power systems.NVTS launched new GaN and SiC products, with multiple AI projects advancing toward commercial production.NVTS' AI infrastructure revenues rose 50% sequentially as high-power markets drove first-quarter growth. Navitas Semiconductor (NVTS - Free Report) is positioning itself to benefit from the growing shift toward 800-volt (800V) power architecture in AI data centers. As AI workloads become more power-intensive, hyperscalers are moving to higher-voltage power systems to improve efficiency and support higher power levels. This shift is expected to increase the demand for NVTS' gallium nitride (GaN) and silicon carbide (SiC) power chips and create a significant growth opportunity for the company's high-power business.
The move to 800V power systems increases the amount of GaN and SiC content used in each AI system. Management expects power supply units to increase from about 5-10 kilowatts to 18.5 kilowatts for NVIDIA systems and up to 25-30 kilowatts for other hyperscalers. As power levels increase, Navitas expects the amount of SiC content per rack to increase by about 2.5 times. GaN demand is expected to rise as more power conversion moves inside AI racks, where higher efficiency and faster switching are needed. These factors create a larger revenue opportunity per AI system for NVTS.
To support this opportunity, Navitas has launched new GaN and SiC products for AI power systems. During the first quarter of 2026, the company launched a 20-kilowatt 800V-to-6V GaN platform for AI data centers and introduced new Gen 5 SiC products for AI power supplies. The above-mentioned products are being tested by OEMs and power supply vendors, and several projects have moved from device-level testing to board-level testing, bringing them closer to commercial production.
The AI opportunity is already supporting the company's business. Revenues in the first quarter increased 18% sequentially, driven by growth in high-power markets. Further, AI infrastructure revenues grew 50% sequentially, and the company expects this business to continue growing through 2026. As more AI data centers adopt 800V power systems, Navitas is well-positioned to benefit from higher chip content and increasing demand for its power semiconductor products.
How Competitors Fare Against NVTSThe company faces strong competition from ON Semiconductor (ON - Free Report) and STMicroelectronics (STM - Free Report) in the race to supply high-voltage solutions for AI data centers.
In June 2026, ON Semiconductor introduced GaNEXUS, a new GaN power semiconductor portfolio designed for AI data centers, industrial automation, robotics and energy infrastructure applications. This new portfolio includes GaNEXUS FETs with voltage ratings from 40V to 650V, along with 650V GaNEXUS Smart devices that include built-in protection features to simplify system design and improve reliability. The new devices provide faster switching speeds, lower switching losses, higher power density and better thermal performance than conventional silicon-based power devices to help customers build smaller and more efficient power systems.
STMicroelectronics introduced new 700V GaN power semiconductors in May 2026, designed to improve energy efficiency and power density in AI servers, robotics, industrial systems and advanced consumer applications. The new PowerGaN devices are designed for high-voltage power supplies and support reliable operation in high-power applications. The devices should help improve power conversion efficiency beyond what is possible with conventional silicon-based technologies.
NVTS' Price Performance, Valuation & EstimatesShares of Navitas Semiconductor have rallied 95.9% year to date compared with the Zacks Electronics – Semiconductors industry’s growth of 46%.
NVTS YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Navitas Semiconductor trades at a forward price-to-sales ratio of 55.9X, significantly higher than the industry’s average of 9.13X.
NVTS Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Navitas Semiconductor’s 2026 bottom line is pegged at a loss of 17 cents per share. The estimates for 2026 loss per share have remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
Navitas Semiconductor currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Navitas Semiconductor stock NASDAQ:NVTS fell sharply in pre-market trading on Wednesday after Wolfspeed accused the company of infringing patents across several core power-chip product lines.
The development adds a legal overhang to one of the market’s more volatile AI-linked semiconductor trades.
NVTS was trading around $13.99, down about 8.2%, while some live feeds showed a steeper intraday fall of more than 9%.
The selloff is sharp because Navitas is no longer viewed as just a small power-chip company and investors are pricing it as a potential winner from AI data-centre power upgrades.
Wolfspeed lawsuit hits Navitas’ core growth storyThe immediate trigger is legal, as Wolfspeed said it filed a patent infringement lawsuit against Navitas in the US District Court for the District of Delaware on Tuesday.
The wide-bandgap semiconductors manufacturer said that it was taking action to protect its gallium nitride and silicon carbide intellectual property.
The complaint targets a broad range of Navitas products.
Wolfspeed said the allegedly infringing products include Navitas’s GaN-based FETs from the GaNFast, GaNSlim and GaNSafe families, as well as its GeneSiC MOSFETs and SiCPAK modules.
The company also named five US patents in the lawsuit.
Wolfspeed CEO Robert Feurle said the company is “deeply committed” to defending intellectual property built over decades of innovation and research investment.
He added that protecting Wolfspeed’s patent portfolio is a strategic priority for the company and shareholders.
That does not mean Wolfspeed has won anything, but investors now have to price in uncertainty around possible damages, licensing costs, injunction risk and management distraction.
Before the lawsuit, the bull case was gaining momentum.
Needham analyst N. Quinn Bolton raised his Navitas price target to $21 from $13 and kept a Buy rating after the company’s results and guidance came in ahead of Street expectations.
Bolton linked the improved outlook to Navitas’s pivot toward high-power markets, which is central to the AI data-centre story.
Baird analyst Tristan Gerra also maintained a Buy rating and lifted his target to $20 from $4 in May.
That large target hike reflected growing optimism that Navitas’s GaN and SiC products can play a bigger role in next-generation power systems.
But the valuation had already become harder to ignore.
Navitas had surged after its role in Nvidia’s MGX AI infrastructure initiative drew investor attention, with the stock up about 370% over the previous year and trading at roughly 137 times projected sales for the next 12 months.
When a stock is priced for flawless execution, even a legal overhang can quickly become a valuation event.
I rate Navitas Semiconductor a Buy with a $19 price target, implying 31.4% upside from the current level of $14.46. NVTS's new mix can become more valuable if AI data center power, grid and energy infrastructure and industrial electrification scale as expected. In my model, I have estimated these drivers add roughly $0.36 of incremental EPS by 2029, helping NVTS move from a 2026 normalized EPS of ($0.17) to a 2029 EPS of +$0.19.
TORRANCE, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report second quarter 2026 financial results on Monday, July 27, 2026, after the market close.
Navitas’ President and CEO, Chris Allexandre, and CFO, Tonya Stevens, will host a conference call at 2:00 p.m. Pacific Time to discuss the Company’s financial results and business outlook.
Analysts and investors are invited to join the conference call using the following information:
When: Monday, July 27, 2026
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Toll Free Dial-in: 1-800-715-9871 or 646-307-1963
Conference ID: 1184638
Webcast and Slides: Click Here
Additionally, a live and archived audio webcast of the conference call as well as supporting presentation materials will be accessible from the Investor Relations section of the Company’s website at ir.navitassemi.com.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
As the artificial intelligence boom matures, investors must decide between proven giants and emerging specialized players. Comparing Broadcom (AVGO 2.63%) and Navitas Semiconductor (NVTS 13.13%) reveals two very different paths to potential long-term returns.
Broadcom provides essential networking and software infrastructure for the world's largest data centers and enterprises. In contrast, Navitas is a smaller firm specializing in next-generation materials such as gallium nitride (GaN) to improve power efficiency. While both participate in the shift toward advanced computing, their financial profiles and market positions are distinct.
The case for BroadcomBroadcom designs and supplies a vast range of semiconductors and infrastructure software used by government agencies and massive corporations. Its portfolio spans networking connectivity, wireless devices, and the VMware enterprise ecosystem, making it a central pillar in modern data centers. You should note that sales to distributors accounted for nearly 48% of net revenue in fiscal 2025, and such customer concentration adds a layer of risk to the business.
This scale has turned Broadcom into one of the most prominent semiconductor stocks in the market. In FY 2025, the company reported revenue of approximately $63.9 billion, representing growth of roughly 24% compared to the prior year. During the same period, it generated net income of nearly $23.1 billion, resulting in a net margin of approximately 36.2%.
Broadcom maintains a stable financial position with a debt-to-equity ratio of nearly 0.8x, which compares total debt to shareholder equity. The company produced free cash flow, which is the cash left over after paying for operations and equipment, of $26.9 billion. Note that stock-based compensation (SBC) represented roughly 28% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
Navitas focuses on gallium nitride (GaN) and silicon carbide devices that allow power systems to run cooler and more efficiently. The company is currently executing its "Navitas 2.0" strategy, which pivots away from consumer electronics toward high-power markets like AI data centers and industrial electrification. A significant milestone in this transition is the 2026 announcement of a partnership with Nvidia Corp (NVDA 2.14%) for advanced power delivery systems.
However, the transition has not yet translated into revenue growth for the small-cap player. In FY 2025, revenue fell to $45.9 million, a decline of roughly 45% from the prior fiscal year. This decline was accompanied by a wider net loss of approximately $117.0 million for the year.
On the balance sheet, Navitas reported a debt-to-equity ratio of close to 0x as of December 2025. The company reported negative free cash flow, -$44.4 million, in FY 2025 as it continues to invest in its strategic pivot.
Risk profile comparisonBroadcom faces risks related to AI market volatility, as any reduction in infrastructure spending by major customers could hurt its results. The company is also highly dependent on Taiwan Semiconductor Manufacturing Co (TSM 2.06%). TSMC produces nearly 95% of Broadcom’s wafers, leaving it vulnerable to supply chain disruptions or trade tensions. Furthermore, its reliance on a small number of distributors and end customers means that losing a single major account could materially impact revenue.
Navitas faces a critical supply chain risk because TSMC plans to exit gallium nitride production by mid-2027. This forces Navitas to successfully transition its manufacturing to partners like GlobalFoundries (GFS 9.25%) or X-Fab Silicon Foundries, a move that carries significant execution risk. Additionally, the company has seen recent leadership changes and insider stock sales, which may introduce uncertainty regarding its long-term corporate governance.
Valuation comparisonBroadcom offers massive cash flow and established market dominance, while Navitas represents a high-risk bet on next-generation power materials. Valuation reveals Broadcom is significantly cheaper relative to sales.
Metric Broadcom Navitas Semiconductor Sector Benchmark Forward P/E 19.7x n/a 357.0x P/S ratio 23.9x 88.3x n/a Sector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?Navoitas Semiconductor was one of the most exciting young chip companies at the start of the decade. The company’s focus on GaN chips gave it a foothold in the booming renewable energy sector, because GaN chips are far better at handling high heat/power than silicon, which gets brittle at high temperatures. The end market for its GaN chips -- EVs, solar panels, and other green energy sources — appeared potentially boundless. In practice, mobile phone chargers were its biggest business.
The move to focus on AI customers and to truly pursue EVs is understandable, and potentially lucrative, but so far it’s been a flop. The steep decline in revenue resulted from abandoning some markets and the high cost of wholesale realignment of the business. Wall Street consensus estimates now don’t see Navitas exceeding 2024 revenue levels until 2028.
Broadcom is an example of a company firing on all cylinders, feeding the insatiable AI data center demand with its chips. Analysts see revenue jumping by an astounding 66% to $106 billion this year, with profits almost doubling to more than $44 billion.
Don’t overthink the opportunity with AI chipmakers here. With a better price-to-sales ratio and huge growth in 2026, AVGO is the ticker to pick.
Nvidia, AMD, and Micron still dominate the AI stock conversation, but one much smaller semiconductor name has quietly stolen the performance spotlight in 2026.
Navitas Semiconductor NASDAQ:NVTS, which trades under the ticker NVTS, recently changed hands near $17 and carried a market value of about $4.3 billion.
That makes it tiny compared with the giants of the AI trade, but its share-price move has been anything but small.
The reason is simple. Navitas is not trying to build the next GPU, but solve a different problem inside AI data centres: how to move huge amounts of power more efficiently.
That has turned the stock into one of the market’s more interesting AI infrastructure bets and valuation much harder to ignore.
Navitas makes power semiconductors. That sounds less exciting than GPUs, but it matters more as AI data centres get bigger.
Modern AI systems consume enormous amounts of electricity. That power has to be converted, stepped down and delivered efficiently inside server racks.
If too much energy is lost along the way, data centres become more expensive, hotter and harder to scale.
That is where Navitas is trying to fit in.
In March, the company introduced an 800V-to-6V DC-DC power delivery board, which converts very high-voltage power down to a level that can be used closer to the chips inside AI servers.
The key point is that Navitas says it can do this in one stage, removing the traditional 48V intermediate conversion step.
That matters because every efficiency gain counts when AI data centres are trying to feed more power into systems without wasting energy, space or cooling capacity.
That is also where the Nvidia comparison becomes more useful as Navitas is not competing with Nvidia, and it is certainly not a bigger AI business.
Nvidia remains the centre of the AI chip universe, with a market value above $4.7 trillion, while Navitas is still a small-cap name worth roughly $4.1 billion.
But in stock-market terms, Navitas has done something unusual in 2026: it has outpaced Nvidia while riding the same AI infrastructure wave.
Navitas was up roughly 148% year-to-date as of June 29, far ahead of Nvidia’s roughly 8% to 12% gain over the same broad period.
The stock’s surge has not been driven only by retail excitement.
Analysts have also moved quickly to reset their expectations. Morgan Stanley lifted its price target on Navitas to $12.50 from $4.20 in May.
Baird followed with an even more aggressive move, raising its target to $20 from $9.
The revisions show that Wall Street is taking the AI power-delivery story more seriously than it did a few months ago.
The reason is that Navitas sits at the intersection of two hot themes: AI infrastructure and energy efficiency. Data centres need more power, but they also need to waste less of it.
A company that can improve conversion efficiency inside AI racks has a clean story to tell investors.
But the stock is volatile. Its 52-week range runs from $5.44 to $34.17, which tells you how quickly expectations have moved.
This is not a sleepy industrial supplier, but a small-cap semiconductor stock being repriced around a fast-changing AI narrative.
This is where the story gets more complicated.
Navitas may be exciting, but the stock is no longer cheap. As per market data, the Navitas Semiconductor stock trades at about 92 times sales, compared with a five-year average price-to-sales ratio of 11.8.
That means the stock is trading at roughly eight times its historical valuation multiple.
That is a serious premium for a company still trying to prove how much revenue it can generate from AI data-centre demand.
The analyst picture is also more mixed than the headlines suggest.
Some firms have raised targets, but several consensus trackers still show the average price target below the current share price.
Despite the recent tech sell-off, several semiconductor stocks have logged gains this year. Since the start of 2026, Nvidia (NVDA +1.27%) and Broadcom have risen about 3% and 5%, respectively.
One semiconductor specialist, however, has outpaced all of them, and it's a name that many investors probably don't even know.
Image source: Getty Images.
Rubbing shoulders with Nvidia has a funny way of leading a stock to grow in popularity While Nvidia is perhaps the most usual of suspects when talk of semiconductor specialists supporting AI bubbles up, Navitas Semiconductor (NVTS +2.34%) has gained wide recognition over the past few months. In March, Navitas introduced its newest DC-DC power delivery board, which allows for direct conversion from 800 volts to 6 volts in one power stage.
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According to Navitas, this new solution maximizes "system efficiency, reliability, and valuable real estate, to deliver a simple power delivery solution to support advanced Nvidia AI infrastructure." Furthermore, Navitas contends that its architecture meets the needs of data centers as accelerated computing platforms place substantial power demands on their infrastructure.
With analysts expressing bullish views on Navitas stock, investors had further reason to buy shares. In May, Morgan Stanley hiked its price target on Navitas stock to $12.50 from $4.20, while Baird raised its price target to $20 from $9.
Is Navitas stock a buy after its strong 2026 performance? At this point, many AI investors are familiar with the extraordinary power requirements that AI computing imposes on data centers. Given Navitas's ability to offer a solution that improves power efficiency at the higher voltages used by AI-specialized data centers, it's clear why investors have found Navitas stock so appealing in 2026.
Trading at 92 times sales, Navitas stock is changing hands at a steep premium to its five-year average P/S ratio of 11.8. At this point, the market's high expectations are clearly priced into the stock, and investors considering semiconductor stocks should wait for Navitas stock to pull back further before opening positions.
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Broadcom and Nvidia. The Motley Fool has a disclosure policy.
Key Takeaways Navitas' AI infrastructure unit grew 50% sequentially in Q1, including data centers and grid infrastructure.Navitas sees energy and grid as a $1-$1.8B serviceable market by 2030, driven by power demand.NVTS has no debt, $221M in cash, and a 2030 serviceable market outlook of $3.5B across GaN and SiC. Most investors know Navitas Semiconductor (NVTS - Free Report) for its artificial intelligence (AI) story. The company has attracted much attention through its partnership with NVIDIA (NVDA - Free Report) , its 800V data center power architecture, and its gallium nitride (GaN) technology aimed at next-generation AI infrastructure.
But there's another growth driver taking shape in the background. As AI data centers consume ever-larger amounts of electricity, the need to upgrade and modernize the power grid is becoming increasingly urgent. And that's creating a meaningful opportunity for Navitas' silicon carbide (SiC) business.
Navitas' $1.8B Grid OpportunityOn the company's last earnings call, management revealed that its AI infrastructure segment—which includes both data centers and grid infrastructure—grew 50% sequentially. CEO Chris Allexandre emphasized that the two markets are closely linked.
The opportunity could be larger than many investors appreciate. Traditional transformers were designed decades ago and are increasingly being stretched by today's power requirements. As AI data centers proliferate and electricity consumption rises, utilities may need more efficient solutions capable of handling higher power loads. Management believes solid-state transformers and other advanced power-conversion technologies could become an important part of that transition.
In other words, the AI boom is creating a massive new demand for electricity, and that demand is forcing utilities and infrastructure providers to invest in grid upgrades. Customer engagement in the U.S. grid infrastructure accelerated in the first quarter of 2026. Navitas is already seeing interest from customers involved in grid-scale solar, megawatt power conversion, and other energy infrastructure projects, with adoption expected to build through 2026 and 2027 before accelerating further later in the decade. Importantly, Navitas sees the energy and grid segment alone representing a $1-$1.8 billion serviceable market by 2030.
Navitas’ 2.3kV and 3.3kV SiC modules are designed for applications like battery energy storage systems, utility solar farms, and solid-state transformers. Its 250kW solid-state transformer demonstration uses GeneSiC technology for scalable 800V DC distribution.
NVTS Combined TAM Makes the Real CaseNavitas puts its total serviceable addressable market at $3.5 billion by 2030— split roughly 50-50 between GaN and high-voltage SiC technologies, with a combined CAGR exceeding 60%. Management is laser-focused on data centers and grid opportunity, which it identifies as the largest portion of that total addressable market.
Navitas maintains a strong balance sheet with no debt and substantial liquidity. The company ended the first quarter of 2026 with $221 million in cash and cash equivalents. This financial position provides flexibility to continue investing in research and development, customer engagements, and product commercialization without immediate financing pressure.
Basically, the AI and grid infrastructure are not separate investment themes. They are, in fact, two sides of the same story. AI is driving an unprecedented increase in power demand, while grid modernization is the response required to support that demand.
Because Navitas has exposure to both data center power systems through GaN and grid infrastructure through high-voltage SiC, it sits at the intersection of these trends. Investors focused solely on the AI narrative may be missing a second growth engine that could become increasingly important over the next several years.
Competitive Landscape: onsemi & STMicroelectronicsonsemi (ON - Free Report) has built a strong position in energy storage systems (ESS), with management citing market share approaching 60% in string ESS and microgrid applications, and expecting revenues from these segments to grow more than 40% year over year in 2026. onsemi’s GaNEXUS power portfolio— targeting AI data center infrastructure and industrial power—recognizes the big opportunity in these areas.
STMicroelectronics (STM - Free Report) is similarly making grid and energy infrastructure a strategic priority, investing heavily in silicon carbide technologies while expanding relationships with solar, battery storage and power-conversion customers. As renewable energy deployment accelerates globally, STMicroelectronics is positioning its high-efficiency SiC portfolio to capture growing demand across industrial electrification and grid modernization.
NVTS' Price Performance, Valuation & EstimatesShares of Navitas have rallied 232% year to date compared with the industry’s growth of 66%.
Image Source: Zacks Investment Research
From a valuation standpoint, Navitas trades at a forward price-to-sales ratio of roughly 97X, significantly higher than the industry’s 10X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Navitas’ 2026 and 2027 bottom line is pegged at a loss of 17 cents/share and 15 cents/share, respectively. See how the loss estimates have been revised over the past 90 days.
Image Source: Zacks Investment Research
Navitas currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Navitas Semiconductor (NVTS +5.27%) stock posted a day of strong gains in Friday's trading, rising 5.3% in the session. Meanwhile, the S&P 500 closed out the day up 0.5%, and the Nasdaq Composite was up 0.6%.
The stock market enjoyed broadly positive momentum in today's session, and the recent SpaceX initial public offering (IPO) likely played a role in the bullish backdrop. Navitas stock is now up 227.5% across this year's trading.
Image source: Getty Images.
Navitas surges in green day for the market The stock market was highly volatile this week, with the latest round of Consumer Price Index (CPI) data and developments connected to the Iran war spurring substantial valuation swings. SpaceX's IPO was also a factor in the market volatility.
With SpaceX setting a valuation of $1.77 trillion for its IPO, there was some anxiety in the market as the company approached its record-setting public debut. Some investors viewed the IPO as a potential referendum on valuations for highly growth-dependent tech plays, and the stock's strong debut seemingly sent buying signals for growth stocks.
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SpaceX could continue to be a catalyst for Navitas SpaceX closed out Friday's trading up 19.2%, helping to spur bullish momentum for other growth-dependent tech plays. But while fluctuations for the space tech company's valuation could continue to have a near-term impact on Navitas and other growth stocks, Elon Musk's newly public company could create catalysts for Navitas along more fundamental lines.
While SpaceX is best known for its rocket launching services and Starlink internet and mobile service offerings, the company is making artificial intelligence a huge part of its growth strategy. With SpaceX aiming to rapidly expand its positioning in the AI compute space, there's a fair chance that Navitas will see demand catalysts as SpaceX spends big to build out its artificial intelligence infrastructure.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Key Takeaways Navitas shifts from consumer charging to AI data centers, grid infrastructure and industrial electrification.Navitas Q1 revenue rose 18% QoQ to $8.6M, and management calls for sequential growth through 2026.Navitas cites 300M GaN and ~30M SiC devices shipped, plus 20kW GaNFast and 250kW GeneSiC demonstrations. Navitas Semiconductor Corporation (NVTS - Free Report) is repositioning around the power backbone that sits behind artificial intelligence (AI) compute. The company is leaning into wide-bandgap technologies to raise efficiency and power density as data centers scale and the supporting electricity infrastructure gets upgraded.
The shift is still early, but management is framing a longer runway across both the server rack and the grid that feeds it. That sets up a story built on product scope, shipment scale and ecosystem access, alongside real execution and profitability risks.
NVTS Is Recasting Itself as AI Power InfrastructureNavitas’ “Navitas 2.0” strategy is a clear pivot away from consumer charging toward four higher-power markets: AI data centers, energy and grid infrastructure, performance computing and industrial electrification.
Management says these high-power markets now represent the majority of sales. In the first quarter of 2026, revenue rose 18% sequentially to $8.6 million, driven primarily by high-power demand, and the company is calling for continued sequential growth through the rest of 2026.
Navitas Runs a Rare Dual-Tech PlatformNavitas is one of the few power semiconductor companies offering both gallium nitride and high-voltage silicon carbide under one roof. That matters because AI power chains span multiple voltage levels, and the “best” device choice changes as you move through the architecture.
In the company’s positioning, gallium nitride fits high-frequency, high-density power conversion, while silicon carbide is better suited for ultra-high-voltage environments. Having both allows Navitas to address more of the power chain and potentially expand its content per system compared with competitors focused on only one technology.
NVTS Shows Scale Signals With ShipmentsDesign wins in power infrastructure tend to demand proof points on reliability and field performance. Navitas is leaning on shipped-unit milestones to support credibility in demanding end markets.
As of the end of 2025, the company had shipped more than 300 million gallium nitride devices and nearly 30 million silicon carbide devices. Navitas views that the installed base as an important confidence builder for customers evaluating next-generation power components for AI servers, industrial systems and energy infrastructure.
Navitas Targets AI Data Center Power DensityAI data centers are moving toward higher power-density architectures, and that shift increases the value of efficiency and thermal performance at the power-conversion level. Navitas is targeting this transition with products intended to reduce energy loss, improve density and lower cooling costs for hyperscalers.
A recent example is a 20-kilowatt 800-volt-to-6-volt direct current to direct current power delivery board using GaNFast technology. Navitas says it can reach up to 97.5% peak efficiency at a 1-megahertz switching frequency, tying the narrative directly to the density targets inside the rack.
Management also argues that the move toward high-voltage direct current architectures should expand content opportunity across alternating current to direct current and direct current to direct current systems, and it cites AI data centers as a potential $1.4-$2.5 billion opportunity by 2030.
NVTS Extends the Thesis to Grid ModernizationThe AI buildout does not stop at the data center fence line. Navitas is positioning its high-voltage GeneSiC portfolio as a lever for the grid upgrades and energy infrastructure needed to support rising electricity demand tied to AI deployments.
The company highlighted a 250-kilowatt solid-state transformer demonstration using GeneSiC technology to enable scalable 800-volt direct current distribution for next-generation AI data centers. It is also pitching 2.3-kilovolt and 3.3-kilovolt silicon carbide modules for applications such as battery energy storage systems, utility solar projects and solid-state transformers.
Management pointed to growing customer engagement in U.S. grid infrastructure, and it estimates the energy and grid infrastructure segment could represent a $1-$1.8 billion serviceable market opportunity by 2030.
Navitas’ Moat Builds on IP and PartnershipsNavitas is trying to pair device leadership with defensibility. The company reports more than 300 issued or pending patents worldwide across both gallium nitride and silicon carbide, supporting differentiation in next-generation power semiconductors.
It also cites ecosystem relationships with hyperscalers, original equipment manufacturers, graphics processing unit vendors and platform providers, which can help pull new power architectures into qualification and adoption cycles.
Supply chain positioning is part of the message as well. Navitas points to U.S.-based manufacturing partners such as GlobalFoundries and X-Fab as potentially valuable as customers and governments place greater emphasis on supply chain security in critical AI and power infrastructure markets.
NVTS Risks That Can Break the StoryThe upside case runs directly into profitability and scale hurdles. In the first quarter of 2026, Navitas posted a non-GAAP net loss of $13.8 million on $8.6 million in revenue, underscoring how much operating leverage still needs to be built.
Long qualification cycles in AI and industrial markets can delay meaningful revenue acceleration, while the company’s AI opportunity is still in early adoption stages and heavily dependent on programs scaling to production.
Competition is another real pressure point. Larger semiconductor peers named by the company include Infineon Technologies AG (IFNNY - Free Report) , Texas Instruments Incorporated (TXN - Free Report) and ON Semiconductor Corporation (ON - Free Report) , each with deeper resources and broader manufacturing scale. Finally, Navitas’ fabless model creates dependence on third-party partners for fabrication and related steps, adding supply-chain and geopolitical risk.
Currently, Navitas carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Navitas unveiled 20kW 800V-to-6V and 10kW DC-DC boards for higher-density AI data centers.Navitas' AI infrastructure revenue surged 50% sequentially in Q1 2026 as evaluations advance.NVTS demoed a 250kW GeneSiC solid-state transformer and 2.3kV/3.3kV SiC modules for grid upgrades. Navitas Semiconductor Corporation (NVTS - Free Report) is reshaping its story around power conversion, where artificial intelligence (AI) workloads are forcing new architectures in the data center and beyond. Higher power density, tighter efficiency targets and new distribution approaches are lifting demand for wide-bandgap devices, particularly gallium nitride and silicon carbide.
That backdrop matters because Navitas is pushing designs that span both sides of the power chain, from rack-level conversion to higher-voltage modules positioned for the supporting grid. The opportunity is real, but so are the execution and scaling hurdles.
NVTS Tracks the Move to High-Voltage AI PowerAI data centers are migrating toward higher power density and higher-voltage direct-current architectures. That shift expands wide-bandgap content across both alternating-current to direct-current and direct-current to direct-current conversion, where efficiency gains translate into lower energy loss and reduced cooling needs.
Navitas is positioning its portfolio to capture more of that power chain. The company’s view is that high-voltage distribution and rising power-supply demands should broaden its content opportunity as conversion moves closer to the rack and power-density requirements rise.
Navitas Product Demos Point to Future DesignsTwo recent proof points offer clear “what to watch” signals for the next design cycle. Navitas introduced a 20-kilowatt 800-volt to 6-volt direct-current to direct-current power delivery board using GaNFast technology. The platform is designed to support higher-density data center architectures and is cited with up to 97.5% peak efficiency at a 1 megahertz switching frequency.
Separately, the company unveiled a 10-kilowatt direct-current to direct-current power platform aimed at next-generation AI data centers. Navitas cited up to 98.5% peak efficiency and a 1-megahertz switching frequency, framing it as a path to unprecedented power density for large-scale deployments.
NVTS AI Infrastructure Momentum Is Early but ImprovingThe commercialization path in AI power is still defined by evaluations, qualification programs and system-level validation. Navitas has emphasized progress moving from device-level testing to system and board-level evaluation, along with delivered “final samples” intended to support production ramps and customer validation work.
That language points to an adoption curve that is building, not finished. The encouraging part is that engagement is translating into better mix and sequential growth. Management noted that “AI infrastructure,” which combines data center and grid efforts, grew 50% sequentially from the fourth quarter of 2025 to the first quarter of 2026.
Navitas’ SiC Pitch Expands Beyond the Data CenterThe grid side can become the other half of the AI power narrative. Navitas has linked rising AI-driven electricity demand to upgrades in power grids and energy infrastructure, where higher-voltage silicon carbide devices can enable new distribution concepts and more compact, efficient systems.
A key example is the company’s demonstration of a 250-kilowatt solid-state transformer solution using its GeneSiC technology to enable scalable 800-volt direct-current distribution. Navitas has also positioned its 2.3-kilovolt and 3.3-kilovolt silicon carbide modules for energy infrastructure applications such as battery energy storage systems, utility solar projects and solid-state transformers.
NVTS News Flow That Can Shift SentimentThe near-term catalyst list is tied to both leadership moves and product cadence. Navitas announced two board appointments, adding Davin Lee effective immediately and Gregory M. Fischer effective immediately.
On the operating side, the company named Tonya Stevens as chief financial officer, effective March 30. The same update cycle included new GeneSiC form factors, including a top-side cooled QDPAK and a low-profile TO-247-4L with asymmetrical leads, and a fifth-generation GeneSiC technology platform launch.
Navitas Supply Chain Choices Can Become a ThemeNavitas operates a fabless model, which supports scaling without the burden of building capital-intensive manufacturing facilities. The structure can also sharpen speed of execution by leaning on established foundry partners for wafer fabrication and related steps.
That model comes with dependency risk because external partners ultimately control capacity and production continuity. The company’s manufacturing relationships include Taiwan Semiconductor Manufacturing Company for gallium nitride products and X-Fab for silicon carbide manufacturing, with other partnerships that include GlobalFoundries. This blend can feed a supply-chain “security” narrative around U.S.-based partners, while still leaving Navitas exposed to third-party operational realities.
NVTS: What Could Derail the Trend TradeThe biggest fundamental risk is that Navitas remains deeply unprofitable with limited revenue scale. In the first quarter of 2026, the company generated $8.6 million in revenue and reported a non-GAAP net loss of $13.8 million, underscoring how far this Zacks Rank #4 (Sell) company must go before sustained profitability becomes realistic.
Timing risk is also material. AI and industrial projects can involve long design and qualification cycles, and management has stressed engagements and qualification programs rather than large production wins.
Competition is the final pressure point. Larger power and semiconductor players are investing aggressively, including Infineon Technologies AG, Texas Instruments Incorporated and ON Semiconductor Corporation, which can pressure pricing and slow share capture.
Investors looking for a cleaner near-term earnings backdrop may prefer established equipment names tied to the same AI buildout, such as Applied Materials (AMAT - Free Report) and Lam Research (LRCX - Free Report) , both carrying Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Navitas shares have soared 249% YTD and 352% in 12 months, lifting the bar for execution.NVTS trades ~112x forward sales, while the $28 target price uses ~118x, assuming the premium persists.NVTS posted $8.6M Q1 revenue and a $13.8M non-GAAP net loss, while holding $221M cash and no debt. Navitas Semiconductor Corporation (NVTS - Free Report) has delivered a stunning move higher, and the stock’s valuation now reflects that optimism. Shares are up 249.1% year to date and 351.6% over the past 12 months, far outpacing broad market and sector gains.
That kind of rally can be self-reinforcing, but it also raises the execution bar. At today’s pricing, investors are effectively paying up for meaningful follow-through in scaling high-power revenue tied to artificial intelligence data centers and adjacent infrastructure.
NVTS Has Rallied, Raising the Bar for ExecutionThe magnitude of NVTS’ run suggests the market is leaning into the company’s “Navitas 2.0” pivot toward high-power end markets, including artificial intelligence data centers, energy and grid infrastructure, performance computing and industrial electrification.
The setup is straightforward: the stock’s surge has pulled forward a lot of future success. To justify elevated expectations, Navitas likely needs sustained sequential revenue momentum and clearer evidence that artificial intelligence infrastructure engagements are converting into production ramps.
Navitas One-Year Price Return Performance
Image Source: Zacks Investment Research
Navitas’ Sales Base Is Still SmallScale remains the core tension in the story. Navitas generated $45.9 million in revenue in 2025, underscoring that the business is still early in its high-power transition.
In the first quarter of 2026, revenue was $8.6 million. That result was down 38.7% year over year, even as it improved 18% sequentially. The sequential rebound is important, but the absolute revenue base remains small relative to what the valuation implies.
NVTS Multiples Stand Out Versus BenchmarksValuation is where the market’s expectations become explicit. NVTS is trading at about 112.08x forward 12-month sales, a stark premium to 10.13x for the Zacks sub-industry, 6.92x for the Zacks sector, and 5.27x for the S&P 500.
Navitas Forward 12-Month Price-To-Sales (P/S) Ratio
Image Source: Zacks Investment Research
The $28 price target is also tied to an even higher forward sales multiple in the valuation framework, at 117.68x forward 12-month sales. Put differently, the target assumes Navitas can keep earning a premium multiple, not merely grow into a “normal” semiconductor valuation.
Navitas Needs Mix and Volume to Close the Profit GapThe profitability bridge is improving, but it is not built yet. Non-GAAP gross margin rose to 39% in the first quarter of 2026, supported by a richer mix from higher-value, high-power programs. The outlook calls for roughly 39.25% in the second quarter, signaling incremental progress rather than a step-change.
Operating results still highlight the cost of getting to scale. Navitas posted a non-GAAP net loss of $13.8 million in the first quarter of 2026 and a non-GAAP operating loss of $11.7 million. That is why revenue acceleration matters: higher volume and sustained mix improvement are the levers that can eventually create operating leverage.
NVTS Short-Term Signals Still Flash CautionThe short-term rating picture argues for selectivity on timing. NVTS currently carries a Zacks Rank #4 (Sell). The Style Scores also show a weak Value score of F, a middling Growth score of C, and a stronger Momentum score of B, with a VGM Score of D.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
This combination can create a push-pull for investors. Momentum supports the idea that the stock can stay in favor, but weak Value and a low VGM Score can matter when expectations are already elevated and the company remains unprofitable.
Navitas Liquidity Buys Time, Not CertaintyNavitas has financial flexibility, which helps manage the transition risk. The company ended the first quarter of 2026 with $221 million in cash and cash equivalents and no outstanding debt.
That liquidity can support investment in research and development and customer engagements, but it does not remove execution risk. If qualification cycles in artificial intelligence and industrial markets translate into production slowly, cash burn can persist for an extended period.
NVTS Checklist Before Acting on the TargetFor investors weighing the upside against the valuation, a clear checklist can keep the focus on what matters next. First, watch sequential revenue progression toward the company’s second-quarter guide of $10 million, plus or minus $0.5 million.
Second, look for continued margin stability around the current profile, with non-GAAP gross margin holding near the company’s second-quarter outlook. Third, focus on tangible signs that “AI infrastructure” engagement is moving beyond evaluations and into production ramps, including progress from system and board-level evaluation and broader adoption of delivered final samples.
Finally, monitor delivery execution. Navitas’ fabless model depends on third-party manufacturing partners, and any disruption can pressure timelines, costs, or customer confidence. In that context, comparing risk-reward against larger, more established semiconductor names like KLA Corporation (KLAC - Free Report) , Applied Materials (AMAT - Free Report) and Lam Research (LRCX - Free Report) can help frame position sizing and patience, especially when NVTS’ valuation already assumes meaningful follow-through.
When President Donald Trump returned to the White House, his administration wasted no time unwinding Biden-era clean energy subsidies under the "drill baby drill" mantra. For environmentalists and sustainability-focused companies, the outlook appeared bleak.
Solar, the corner of the market Trump singled out most often, was not far behind. The Invesco Solar ETF (NYSE:TAN) returned 112%.
How Did A Sector That Trump Disparaged Keep Pace With AI Chips?PBW's largest industry exposure is electrical equipment, at 33.19% of the portfolio. Its second largest is semiconductors, at 14.31%.
The two trades have blurred into one.
Navitas Semiconductor Corp. (NASDAQ:NVTS), a maker of the power chips that manage electricity inside data centers and electric vehicles, sits inside the clean energy fund as a top-10 holding.
It has returned 387.45% over the past year.
The logic runs through the wall socket.
Data centers need staggering amounts of electricity, and the grid cannot deliver it fast enough.
Bloom Energy Corp. (NYSE:BE), which builds fuel cells that can power data centers directly without waiting on the grid, is the clearest example.
The stock is up 1,380.83% over the past year.
Hormuz And High Oil Prices Quietly Rebuilt the Case For RenewablesThere is a second engine, and it sits in the Strait of Hormuz.
Brent crude trades near $100 a barrel. That is down from a 2026 peak above $121, but still well above the mid-$70s level where oil sat before war broke out across the Gulf in late February.
When the cost of a barrel remains elevated for more than a year, every alternative starts to look cheaper.
The conflict Trump leaned on to justify more drilling has, at the same time, strengthened the economics of the power that never touches a barrel.
What Washington Did, And What the Market Shrugged OffTrump’s One Big Beautiful Bill Act phased out investment tax credits that underpinned returns for solar and wind for a decade.
Projects that break ground after July 2026 lose those credits unless they are running by the end of 2027.
The law was written to slow the build-out. In the near term, it did the opposite, setting off a race to start projects before the window closes and pulling demand forward rather than erasing it.
The result is a leaderboard that looks nothing like a green-energy roster.
Inside the PBW ETF, the biggest winners of the past year trade more like leveraged bets on electricity itself.
January 2018: The Tariff That BackfiredNone of this is new, and it has happened under this same president before.
In January 2018, Trump imposed Section 201 tariffs on imported solar panels. Wall Street read the move at the time as a death sentence for the industry's cost structure.
Solar did the opposite. The Invesco Solar ETF returned 58% in 2019, the best showing of any unleveraged US ETF that year, as falling equipment costs and a record project pipeline overwhelmed the policy drag.
The setup rhymes in 2026.
What It Means for InvestorsThe takeaway is that energy demand has decoupled from energy politics.
A fund built to profit from the green transition is now, beneath the surface, a wager on the same power-hungry AI cycle that nearly caught the chips it nearly caught. That is the rotation hiding inside the numbers. The open question is 2027, when the credits actually expire, and the sector has to stand on its own.
Trump set out to drill. So far, the market has gone and electrified instead.
Image: Shutterstock
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Navitas Semiconductor (NVTS 0.58%) shares rose by a remarkable 61.2% in May, according to data from S&P Global Market Intelligence. The move comes due to a confluence of positive events for the company of the month that helped confirm Navitas as one of the most highly sensitive stocks to the AI infrastructure boom.
Navitas' stock is battleground for AI bulls and bears It's a company that Wall Street analysts don't expect to generate earnings until 2030. The bears argue that the AI spending "bubble" will burst by then, while the bulls argue that AI infrastructure is only in its early innings and point to continually rising expectations as a sign of growing momentum. The bulls won the argument in May.
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Navitas' exposure to the high-power end markets, most notably AI data centers (it's an Nvidia partner in developing power chips for the next generation of high-voltage data centers), and including energy/grid infrastructure and industrial electrification, puts it at the forefront of the debate. That's why some bears tend to take short positions in the stock, hoping to inordinately benefit from an AI stock correction.
What went right for Navitas in May However, when the stock has positive catalysts, short sellers are often forced to close their positions aggressively. And Navitas had plenty of catalysts in May.
The first-quarter earnings, released in early May, saw the company beat estimates for revenue, loss per share, and cash outflows. A slew of Wall Street analysts rushed to upgrade their price targets following the earnings report Wall Street analysts also updated their models, and according to S&P Global Market Intelligence, the Wall Street consensus for revenue is now 12%, 10%, and 20% higher for 2026, 2027, and 2028 Other AI-focused companies, such as Nvidia and power components and systems company Vicor, gave strong outlooks for spending in Navitas' end markets.
Image source: Getty Images.
Where next for Navitas History suggests that an AI bubble will form, and loss-making stocks like Navitas will be badly exposed in the fallout. However, history also suggests that many bears are too early to the bubble-bursting afterparty. History also suggests that even if a bubble bursts, it can leave the industry trending at a baseline growth rate far higher than it was in the early innings of a long-term spending boom.
For now, the bulls are winning the argument, and as long as AI-focused companies are raising growth expectations, that's likely to continue.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Navitas Semiconductor (NASDAQ:NVTS) shares surged roughly 26% on Wednesday after the company highlighted its participation in Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s partner ecosystem at a major industry event in Taipei, drawing investor attention to its role in next-generation AI data center power architectures.
The company participated in Nvidia’s Partner Ceremony held on May 29, 2026, at the Taipei Nangang Exhibition Center. The event brought together ecosystem partners supporting Nvidia’s AI Factory MGX platform, which focuses on accelerating development of AI data centers using emerging 800 VDC rack architectures.
Navitas also said its 800V-to-6V DC-DC power delivery board (PDB) is being showcased at Nvidia’s AI Factory MGXEcosystem Showcase at COMPUTEX 2026, held June 2 to 5 in Taipei.
The system is designed to eliminate the need for a traditional 48V intermediate bus converter stage within server trays, with the aim of improving efficiency, reliability, and space utilization in high-density computing environments.
The PDB uses 16 GaNFast 650V FETs in a dual-cooled DFN8×8 package and is designed to reach up to 97.5% peak efficiency while operating at switching frequencies of 1 MHz. The company said the design enables a power density of about 2,100 W/in³ and supports tighter integration with GPU boards to improve transient response and power distribution.
“As AI workloads continue to scale and drive unprecedented demand for compute, power delivery has become one of the most critical challenges in enabling next-generation gigawatt AI factories,” Navitas CEO Chris Allexandre said in a statement.
He added that collaboration within Nvidia’s MGX ecosystem supports the development of higher-density and more efficient AI infrastructure.
Navitas also pointed to its broader portfolio of wide-bandgap semiconductor technologies, including GeneSiC silicon carbide (SiC) solutions used in solid-state transformers, high-voltage power modules, and three-phase power supply units for AI data center applications.
The company said its GaNFast and SiC technologies are intended to support power conversion from grid to GPU level with higher efficiency and density.
Shares of Nvidia traded down 3% at $216 on Wednesday.
TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, was honored to participate in NVIDIA's Partner Ceremony held on May 29th, 2026, at the Taipei Nangang Exhibition Center. The event brought together key ecosystem partners supporting the NVIDIA AI Factory MGX™ platform, highlighting industry collaboration to accelerate the development of next-generation AI data centers powered by emerging 800 VDC rack architectures.
Navitas’ 800 V-to-6 V DC-DC power delivery board (PDB) is being shown at NVIDIA's AI Factory MGX™ Ecosystem Showcase at COMPUTEX 2026 in Taipei, June 2nd–June 5th. Powered by Navitas GaNFast technology, the PDB eliminates the need for a traditional 48 V intermediate bus converter (IBC) stage within the compute server trays, maximizing system efficiency, reliability, and valuable real estate.
The PDB features 16 GaNFast FETs rated at 650 V, 11 mOhms, in the latest DFN8×8 dual-cooled package, aiming 97.5% peak efficiency, operating at 1 MHz switching frequency, and enabling a power density of 2100 W/in³. Approximately 20% thinner than a mobile phone, its ultra-low profile allows for extremely close integration with the GPU board, maximizing transient performance and enhancing power distribution efficiency.
“As AI workloads continue to scale and drive unprecedented demand for compute, power delivery has become one of the most critical challenges in enabling next-generation gigawatt AI factories,” said Chris Allexandre, President and CEO of Navitas. “Through our collaboration with NVIDIA within the MGX™ ecosystem, Navitas is delivering GaN and SiC power technologies that enable megawatt-scale AI server racks with higher power density, a smaller system footprint, and improved thermal performance, helping accelerate the transition to more efficient and scalable AI infrastructure.”
Navitas provides a comprehensive portfolio of wide-bandgap (WBG) power technologies that form the foundation of next-generation AI factory infrastructure. Its GeneSiC silicon carbide (SiC) solutions enable efficient power delivery from the grid to the AI compute rack, supporting critical applications such as solid-state transformers (SSTs) with ultra-high-voltage 2300 V and 3300 V SiC power modules, and high-power three-phase power supply units (PSUs), powered by the latest Generation 5 technology 1200 V SiC MOSFETs. Together, these technologies help AI data centers achieve higher efficiency, greater power density, and enhanced system reliability at scale.
Navitas' GaNFast™ technology delivers high-frequency, high-efficiency DC-DC power conversion required to support the rapidly growing power demands of AI GPUs. Leveraging the superior switching performance of GaN, Navitas solutions enable MHz-frequency operation, higher power density, and faster transient response, allowing power to be delivered more efficiently from the rack level directly to the GPU.
Through its comprehensive portfolio of GaN and SiC technologies, Navitas continues to collaborate closely with NVIDIA within the MGX™ ecosystem, helping enable open, modular AI infrastructure architectures and accelerating the industry's transition toward next-generation AI factories.
Two pictures:
Navitas TW Country Manager Stacey Cho with NV executive team.Navitas 800 V-6 V PDB board on MGX Ecosystem display. About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact Information
Navitas Semiconductor
Vipin Bothra [email protected]
Navitas Investor Contacts
Leanne Sievers | Brett Perry
Shelton Group [email protected]
This press release includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current indications of customer interest, all of which are based on various assumptions, whether or not identified in this press release. All such statements are based on current expectations of the management of Navitas and are not predictions of actual future performance. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance are beyond the control of Navitas and, forward-looking statements are subject to a number of uncertainties. Our businesses are subject to certain risks that could materially and adversely affect our respective business, financial condition, results of operations, or the value of our securities. For Navitas, these and other risk factors are discussed in the Risk Factors section of our most recent annual report on Form 10-K, as updated in the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements.
Photos accompanying this announcement are available at
Navitas Semiconductor (NASDAQ:NVTS) shares surged roughly 26% on Wednesday after the company highlighted its participation in Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s partner ecosystem at a major industry event in Taipei, drawing investor attention to its role in next-generation AI data center power architectures.
The company participated in Nvidia’s Partner Ceremony held on May 29, 2026, at the Taipei Nangang Exhibition Center. The event brought together ecosystem partners supporting Nvidia’s AI Factory MGX platform, which focuses on accelerating development of AI data centers using emerging 800 VDC rack architectures.
Navitas also said its 800V-to-6V DC-DC power delivery board (PDB) is being showcased at Nvidia’s AI Factory MGXEcosystem Showcase at COMPUTEX 2026, held June 2 to 5 in Taipei.
The system is designed to eliminate the need for a traditional 48V intermediate bus converter stage within server trays, with the aim of improving efficiency, reliability, and space utilization in high-density computing environments.
The PDB uses 16 GaNFast 650V FETs in a dual-cooled DFN8×8 package and is designed to reach up to 97.5% peak efficiency while operating at switching frequencies of 1 MHz. The company said the design enables a power density of about 2,100 W/in³ and supports tighter integration with GPU boards to improve transient response and power distribution.
“As AI workloads continue to scale and drive unprecedented demand for compute, power delivery has become one of the most critical challenges in enabling next-generation gigawatt AI factories,” Navitas CEO Chris Allexandre said in a statement.
He added that collaboration within Nvidia’s MGX ecosystem supports the development of higher-density and more efficient AI infrastructure.
Navitas also pointed to its broader portfolio of wide-bandgap semiconductor technologies, including GeneSiC silicon carbide (SiC) solutions used in solid-state transformers, high-voltage power modules, and three-phase power supply units for AI data center applications.
The company said its GaNFast and SiC technologies are intended to support power conversion from grid to GPU level with higher efficiency and density.
Shares of Nvidia traded down 3% at $216 on Wednesday.
Navitas Semiconductor stock is surging to new heights today. Why are NVTS shares rallying? What’s Driving Navitas Semiconductor’s Collaboration With Nvidia?Navitas said it is collaborating with NVIDIA within the NVIDIA MGX ecosystem to accelerate 800 VDC AI infrastructure, positioning its GaNFast technology around the fast-rising power demands of AI GPUs.
The company highlighted an 800 V-to-6 V power distribution board design that uses 16 GaNFast FETs (650 V, 11 mOhms) and targets 97.5% peak efficiency at 1 MHz switching frequency with a stated power density of 2100 W/in³.
Navitas' 800 VDC pitch is landing as investors broaden "picks-and-shovels" AI infrastructure exposure beyond just Nvidia and hyperscalers.
Critical Technical Levels For NVTS Stock To WatchFrom a trend perspective, NVTS is extended but still firmly in an uptrend: it's trading 34.1% above its 20-day SMA ($22.86) and 187% above its 200-day SMA ($10.68), which tells you buyers have controlled the intermediate and long-term tape. The 20-day SMA is above the 50-day SMA, and the 50-day SMA is above the 200-day SMA (a golden cross that occurred in June 2025), keeping the bigger-picture structure bullish.
For momentum, MACD is the cleaner lens right now because it's flagging a potential cooldown even as price pushes higher: MACD is below its signal line and the histogram is negative, which suggests upside pressure is fading versus the prior upswing unless it can re-accelerate. In plain English, MACD compares faster and slower trend forces—when it's below the signal line, it often means the move is losing steam even if price hasn't broken down yet.
Key Resistance: $34.00 — a nearby round-number area just above the current price and close to the 52-week high zone ($33.82), where breakouts can stall on first test Navitas Semiconductor Stock Price Action On WednesdayNVTS Stock Price Activity: Navitas Semiconductor shares were up 22.12% at $31.58 at the time of publication on Wednesday, according to Benzinga Pro data.
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Navitas Semiconductor (NVTS 0.58%) stock is posting big gains in Wednesday's trading despite bearish pressures for the broader market. The company's share price was up 22.5% as of 1:30 p.m. ET despite the S&P 500 being down 0.7% and the Nasdaq Composite being down 0.5%.
While rising oil costs and bond yields are weighing on the broader market today, Navitas's valuation is surging thanks to news that the company's tech is being featured by Nvidia at events in Taipei, Taiwan. Navitas stock is now up 346% year to date as of this writing.
Image source: Getty Images.
Nvidia gives Navitas stock another boost Navitas published a press release today stating that the company was honored to have participated in Nvidia's Partner Ceremony on May 29 at the Taipei Nangang Exhibition Center. The company also announced that its announcing 800 V-to-6 V DC-DC power delivery board (PDB) is being featured at the Computex 2026 conference in Taiwan, which runs from June 2 through June 5. Navitas was featured as part of a showcase for the Nvidia AI Factory MGX platform, and its stock has frequently seen big moves in relation to its partnership with Nvidia.
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What's next for Navitas? Navitas's partnership with Nvidia seemingly positions the tech specialist to score some big wins as the artificial intelligence infrastructure buildouts continue at a rapid pace. On the heels of the company's explosive rally, Navitas is now valued at roughly $7.5 billion and trades at approximately 176 times this year's expected sales. While that highly growth-dependent valuation profile comes with a lot of risk, the company has been posting very impressive business momentum and seemingly has a long growth runway.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Key Takeaways NVIDIA shout-outs sent MRVL and NVTS soaring yesterday, up over 250% and 330%, respectively, year to date.Marvell's AI networking business is booming, with fiscal 2027 revenues projected near $11.5 billion.Navitas remains loss-making and trades at 129x forward sales, leaving little room for execution missteps. NVIDIA’s (NVDA - Free Report) endorsement sent shares of Marvell Technology (MRVL - Free Report) and Navitas Semiconductor (NVTS - Free Report) soaring yesterday. Marvell stock surged after NVIDIA CEO Jensen Huang called the company the "next trillion-dollar company" at the Computex conference in Taipei. Meanwhile, Navitas received a major boost after NVIDIA showcased its power-delivery technology as part of the AI Factory MGX Ecosystem.
Investors have rushed into both names, pushing MRVL and NVTS up more than 250% and 330%, respectively, year to date. But after such spectacular gains, do the stocks’ fundamentals justify the hype? And which stock has more going for it now?
Image Source: Zacks Investment Research
Marvell's AI Infrastructure Story Looks CompellingHuang highlighted Marvell's growing importance in artificial intelligence (AI) infrastructure, particularly its networking and connectivity solutions that help power next-generation AI data centers. As AI models become larger and more complex, moving data quickly between thousands of chips has become just as important as computing power itself. Marvell sits at the center of this trend.
The company has been strengthening its position in AI networking, optical interconnects, and custom silicon solutions. Earlier this year, NVIDIA validated Marvell's strategic importance through a $2 billion investment, deepening the relationship between the two companies.
The financial outlook also supports much of the optimism. Marvell recently raised its fiscal 2027 revenue guidance and now expects sales to grow approximately 40% year over year to nearly $11.5 billion. AI demand remains the primary growth driver, with management reporting exceptionally strong AI-related bookings.
One of Marvell's most attractive businesses is its interconnect segment, which the company expects to grow more than 70% in fiscal 2027. As hyperscalers build larger AI clusters, demand for high-speed, low-latency networking solutions is increasing rapidly.
Navitas Is a Higher-Risk AI Infrastructure BetNVIDIA’s showcase of Navitas' 800V-to-6V DC-DC power delivery platform at Computex strengthens the company's credibility within the AI ecosystem.
Navitas is also benefiting from the rapid buildout of AI infrastructure. The company is undergoing a transformation through its "Navitas 2.0" strategy, shifting away from slower-growing consumer and mobile markets toward AI data centers, grid infrastructure, industrial electrification and high-performance computing.
This strategic pivot has resonated strongly with investors, particularly as power efficiency becomes a critical challenge for AI data centers. Navitas believes the AI data-center market alone could represent a $1.4 billion to $2.5 billion serviceable market opportunity by 2030. Adoption of gallium nitride (GaN) and silicon carbide (SiC) technologies is expected to grow at an impressive pace throughout the decade.
What makes Navitas particularly interesting is its exposure to both GaN and SiC technologies. These advanced power semiconductors are increasingly being used to improve efficiency and reduce energy losses in data centers, electric grids, renewable energy systems and industrial applications.
NVTS vs. MRVL: Scale, Profitability and ValuationBoth Marvell and Navitas are positioned to benefit from the massive wave of AI infrastructure spending. However, there is a significant difference between the two when it comes to scale, profitability and valuation.
Marvell already has an established business generating billions of dollars in annual revenues. MRVL’s data center revenues came in at $1.83 billion in the last reported quarter. It is also profitable and has clear visibility into future growth as hyperscalers continue expanding AI data centers. That said, Marvell's profitability remains sensitive to product mix as newer data-center platforms ramp up.
Navitas, by contrast, is still in the early stages of its growth story. While the company is targeting large opportunities in AI data centers, grid modernization, renewable energy, and industrial electrification, its current revenue base remains too small. For the second quarter of 2026, Navitas expects revenues of just $10 million. NVTS continues to operate at a loss as it invests aggressively in product development and customer acquisition. Management has indicated that quarterly revenues likely need to reach the high-$30 million range before the business can achieve operating profitability or break even.
Valuation further highlights the contrast. Navitas currently trades at roughly 129 times forward 12-month sales, far above Marvell's multiple of around 20. While both stocks are trading at a premium to the industry’s P/S of 10X, Navitas’ insane premium suggests investors are pricing in years of rapid growth and successful execution with no missteps.
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Marvell's valuation is also elevated, but it is backed by a much larger revenue base, stronger earnings profile and a more established position within the AI ecosystem. While the stock is not cheap, investors are paying for a business that is already benefiting meaningfully from AI spending rather than one that is still working to fully commercialize its opportunity.
Last WordBetween the two, Marvell clearly has the stronger investment case today. The company already occupies a critical position in the AI infrastructure stack and is generating the revenue growth needed to support its premium valuation. Navitas undoubtedly has exciting long-term potential, but its stock price appears to be running far ahead of the business itself. At current levels, investors are paying for a best-case scenario. Marvell also carries some valuation risk, but unlike Navitas, it has the scale, earnings power and execution track record to justify investor confidence.
While NVTS stock carries a Zacks Rank #4 (Sell), MRVL carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways NVTS surged 19% after NVIDIA highlighted its 800V-to-6V DC-DC GaNFast board at Computex 2026.Navitas says the board hits 97.5% peak efficiency at 1 MHz, with a thinner design placed closer to AI GPUs.Consensus target price for NVTS is $13.71, implying ~55% downside from current levels. Navitas Semiconductor (NVTS - Free Report) has become one of the hottest stocks in the semiconductor space. Shares of the power-chip specialist surged more than 19% yesterday after the company showcased its collaboration with NVIDIA (NVDA - Free Report) , adding fuel to a rally that has already pushed the stock up by more than 330% year to date.
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The market's excitement is easy to understand. Artificial intelligence (AI) infrastructure spending continues to accelerate, and Navitas is increasingly positioning itself as a key supplier of the power technologies needed to support next-generation AI data centers.
But does the NVIDIA connection justify the stock's meteoric rise? And how long will NVTS stock keep rising on this hype? Hasn’t investor enthusiasm gotten ahead of reality? Let’s take a closer look.
Why NVIDIA's Partnership Is a Big Deal for NVTSThe latest rally was triggered after NVIDIA featured Navitas technology at Computex 2026 in Taipei as part of its AI Factory MGX Ecosystem Showcase.
Specifically, NVIDIA highlighted Navitas' 800V-to-6V DC-DC power delivery board, which uses the company's GaNFast technology. The solution is designed to deliver extremely high-power efficiency while maintaining a compact footprint. The board can achieve peak efficiency of 97.5% and operate at switching frequencies of 1 MHz.
The technology also offers a significantly thinner design, allowing it to be placed much closer to AI GPUs. This helps improve power delivery and system performance, two increasingly important requirements as AI workloads become more demanding.
Through its work within NVIDIA's MGX ecosystem, the company is helping develop power solutions capable of supporting megawatt-scale AI server racks while reducing system size and improving thermal performance.
More importantly, this is not just a product showcase. It means that Navitas is becoming embedded within NVIDIA's broader AI infrastructure ecosystem. For a smaller semiconductor company, that kind of validation from the undisputed leader in AI hardware is naturally attracting investor attention.
Navitas Is Betting Big on the AI Infrastructure BoomAI data centers are rapidly moving toward higher power-density architectures. As AI models become larger and more complex, the amount of electricity required to power AI servers continues to rise. This trend is creating a significant opportunity for Navitas' gallium nitride (GaN) and silicon carbide (SiC) power semiconductor technologies.
Traditional power solutions often struggle to balance efficiency, heat management and power density. Navitas believes its GaNFast technology can address these challenges by enabling higher-frequency operation, improved efficiency and faster power delivery directly to AI GPUs.
In first-quarter 2026, AI infrastructure revenues—including AI data centers and grid infrastructure—grew 50% sequentially from the fourth quarter of 2025
Navitas estimates the AI data center market alone could represent a serviceable addressable market opportunity of $1.4 billion to $2.5 billion by 2030. The company also expects GaN and SiC adoption within AI data centers to witness a remarkable 66% to 87% compound annual growth rate between 2025 and 2030. The company estimates that the energy and grid infrastructure market could represent a $1 billion-$1.8 billion serviceable addressable market opportunity by 2030.
Navitas' ability to offer both GaN and SiC products gives it a major edge. As hyperscalers build increasingly sophisticated AI infrastructure, many are expected to seek suppliers capable of supporting multiple layers of next-generation power architectures.
Competition Is Heating UpWhile Navitas has attracted significant investor attention, it is far from the only company targeting the AI power infrastructure opportunity.
Onsemi (ON - Free Report) is rapidly expanding its presence in the market through its own silicon carbide and GaN portfolio. The company reported AI data center revenue growth of more than 30% sequentially and more than 100% year over year in the first quarter of 2026. onsemi now expects AI data center revenues to double again in 2026.
STMicroelectronics (STM - Free Report) is also positioning itself as an important beneficiary of AI infrastructure spending. The company is leveraging technologies, including silicon photonics, GaN and SiC, while its partnership with Amazon Web Services is helping support demand for more energy-efficient AI networking solutions. STMicroelectronics now expects data center revenues to exceed $1 billion this year, up from previous forecast of $500 million.
The growing investments by larger and better-capitalized competitors highlight both the size of the opportunity and the challenges Navitas will face as it attempts to capture market share.
Has NVTS Stock Run Too Far?There is little doubt that Navitas has exciting long-term growth opportunities. The company's NVIDIA relationship strengthens its credibility, while AI infrastructure spending could provide a powerful tailwind for years to come.
However, investors appear to be valuing Navitas based largely on what the company could become several years from now rather than what the business currently is.
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The stock's massive year-to-date rally suggests that much of the AI opportunity may already be reflected in the share price. While the NVIDIA partnership could eventually translate into meaningful business wins, there is still considerable execution risk ahead.
The consensus analyst price target currently stands at $13.71, implying roughly 55% downside from current levels. That disconnect suggests expectations may have become overly optimistic.
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Navitas may ultimately emerge as a major winner in AI power infrastructure. However, after its extraordinary rally, the stock appears to have gotten way ahead of itself and could be due for a correction as valuations reconnect with underlying fundamentals rather than AI-driven hype.
Navitas currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
A month has gone by since the last earnings report for Navitas Semiconductor Corporation (NVTS - Free Report) . Shares have added about 84.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Navitas Semiconductor due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Navita Loss Narrows in Q1, Revenues Down Y/YNavitas reported a narrower first-quarter 2026 loss than expected, supported by continued progress in its shift toward higher-value, high-power end markets. The company reported a loss of 4 cents per share, which beat the Zacks Consensus Estimate by 20%. NVTS reported a loss of 6 cents in the year-ago quarter and a loss of 5 cents in the previous quarter.
Revenues were $8.6 million, down 38.7% year over year, but beat the consensus mark by 7.5%. Management said that the high-power markets represented a large majority of sales and surged about 35% year over year, lifting mix and supporting margin expansion.
NVTS Returns to Sequential Growth as Mix ImprovesNavitas posted 18% sequential revenue growth that was attributed to the rebound to higher demand across its targeted high-power markets, including AI data centers and grid and energy infrastructure, as the company continues to reduce reliance on mobile and low-end consumer.
Navitas is positioning its GaN and high-voltage silicon carbide SiC portfolio for AI-driven power needs across data centers and the supporting grid infrastructure. Management highlighted recent customer and technology activity tied to next-generation power delivery, including an 800V-to-6V DC-DC board designed for higher-density AI data center architectures, and a 250-kW solid-state transformer demonstration that leverages SiC devices.
On the earnings call, management also pointed to momentum within “AI infrastructure,” which combines data center and grid efforts. The company said that the category grew 50% sequentially from the fourth quarter of 2025 to the first quarter of 2026, underscoring the pace of engagement as AI-related power requirements rise.
Navitas continues to frame AI data center power as a multi-step architecture transition that expands content opportunity for wide bandgap semiconductors. Management emphasized that higher-power AC-DC power supply units and evolving high-voltage DC distribution are driving interest in both SiC and GaN, with GaN expected to be increasingly important as conversion moves closer to the rack and power density requirements rise.
The company also discussed progress moving from device-level testing to system and board-level evaluation with customers for its newest GaN and SiC products. Management indicated that it has delivered “final samples” intended to support production ramps and is working closely with customers on system optimization and validation.
NVTS Keeps Costs Disciplined While Funding Key ProgramsThe improving mix showed up in profitability metrics. Non-GAAP gross margin expanded 30 basis points (bps) sequentially and 90 bps year over year to 39%, reflecting a greater contribution from higher-value, high-power programs and a smaller contribution from the lower-margin legacy business.
On the expense front, non-GAAP operating expenses were $15 million, essentially flat sequentially. Management said that cost discipline, particularly in selling, general and administrative (down 31.3% year over year to $5.7 million), helped create room to prioritize research and development (up 6.8% year over year to $9.4 million) tied to its high-power roadmap without driving a step-up in the overall operating cost base.
Non-GAAP operating loss was $11.7 million, improving from a loss of $12.1 million in the prior quarter and a loss of $11.8 million in the year-ago quarter.
Navitas’ Balance Sheet Remains a Key SupportNVTS ended the first quarter of 2026 with $221 million in cash and cash equivalents and no outstanding debt, providing the flexibility to support working capital and product roadmaps. The company exited fourth-quarter 2025 with a cash balance of $236.9 million.
Inventory was $14.9 million, up from $13.3 million at 2025-end, which management said reflects measured investment to support anticipated growth. With channel inventories described as healthier following prior streamlining actions, Navitas emphasized disciplined monitoring going forward. The company’s balance sheet strength remains a notable element of its strategy as it pursues expansion in high-power markets tied to AI infrastructure and industrial electrification.
NVTS’ Outlook Calls for Continued Sequential Growth in Q2For the second quarter of 2026, Navitas expects revenues of $10 million, plus or minus $0.5 million, which implies continued sequential growth. Non-GAAP gross margin is projected at 39.25%, plus or minus 75 bps, suggesting continuation of incremental mix-driven expansion.
Non-GAAP operating expenses are expected to remain roughly flat at $14.5 million to $15.5 million. Management said that it may selectively invest to accelerate growth, but it is aiming to keep spending disciplined as it scales the high-power business.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted -57.9% due to these changes.
VGM ScoresAt this time, Navitas Semiconductor has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, Navitas Semiconductor has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerNavitas Semiconductor belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, Qualcomm (QCOM - Free Report) , has gained 29.8% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
Qualcomm reported revenues of $10.6 billion in the last reported quarter, representing a year-over-year change of -2.2%. EPS of $2.65 for the same period compares with $2.85 a year ago.
Qualcomm is expected to post earnings of $2.27 per share for the current quarter, representing a year-over-year change of -18.1%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Qualcomm. Also, the stock has a VGM Score of D.
Navitas Semiconductor Corp (NASDAQ:NVTS) stock is trading lower on Friday. The drop comes as traders lock in profits following a massive 266% year-to-date rally, alongside emerging concerns regarding stock dilution.
Nasdaq futures are down 0.97% while S&P 500 futures have shed 0.39%.
Heavy Profit-Taking After Massive AI RallyThe semiconductor company experienced a meteoric rise earlier this year, heavily driven by its high-profile collaboration with NVIDIA Corp MGX ecosystem to accelerate next-generation 800 VDC AI infrastructure. However, following a 266% year-to-date surge, investors are aggressively taking profits on Friday, putting downward pressure on the equity.
SEC Filing Reveals Multi-Million Share IssuanceCompounding the profit-taking pressure, Navitas filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on Thursday.
The filing detailed that the company issued an aggregate of 3,283,844 shares of Class A common stock on Thursday. The issuance fulfilled remaining obligations under a 2021 Business Combination Agreement for "Triggering Event I" and "Triggering Event II."
Dilution Concerns Impact SentimentAccording to the official SEC report signed by CEO Chris Allexandre, Navitas has now issued 6,561,282 total shares under this legacy agreement.
Furthermore, former stockholders still hold a "contingent right to receive up to a total of 10 million shares of Class A common stock" if specific price targets are hit before October 19.
This potential supply influx has stoked near-term dilution fears among traders.
Critical Technical Levels for NVTS to WatchEven with Friday's pullback, NVTS remains in a strong longer-term uptrend: it's trading 22.4% above its 20-day SMA ($24.22) and 171.5% above its 200-day SMA ($10.92), which tells you the move has been powerful and extended. The 20-day SMA is also above the 50-day SMA, and the 50-day SMA is above the 200-day SMA (a golden cross), keeping the trend structure bullish.
The key technical question is whether the stock can hold above its short-term trend gauges (the 20-day SMA/EMA around the mid-$24 area) if selling continues after the open, because that's where dip-buyers often defend in strong uptrends.
NVTS Price Action: Navitas Semiconductor shares were down 10.47% at $27.46 at the time of publication on Friday, according to Benzinga Pro data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Navitas Semiconductor (NVTS 0.58%) stock got hit with a sharp sell-off in Friday's daily trading. The chip company's share price closed out the day down 18.2% in a session that saw the S&P 500 decline 2.6% and the Nasdaq Composite sink 4.8%.
The broader stock market got hit with a wave of powerful selling action today as investors reacted to fears that the Federal Reserve is on course to hike interest rates. Despite a huge pullback today, Navitas stock is still up 251% across 2026's trading.
Image source: Getty Images.
Navitas sank in response to macroeconomic concerns The Bureau of Labor Statistics (BLS) published its May jobs report this morning, and the market had a staunchly negative reaction to the print. While investors could be forgiven for thinking that today's big market sell-off was caused by weaker-than-expected jobs numbers, employment growth for May actually came in significantly stronger than anticipated. The May jobs report showed that the U.S. economy added 172,000 jobs in May -- breezing past economists' forecast for 80,000 nonfarm payroll additions in the period. Stronger-than-expected payroll growth can be viewed as a positive in some respects, but there's a big catch.
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Growth investors are worried the Federal Reserve will raise rates Even though the BLS's May jobs report suggests that economic activity was more robust than expected last month, the data is spurring fears among investors. Inflation has been accelerating recently, and that has raised concerns that the Federal Reserve will hike interest rates.
If the economy is continuing to add new jobs at a relatively healthy pace, that makes it far more likely that the Fed will prioritize attacking inflation by raising interest rates. Higher rates pose a significant risk to the near-term bull cases for growth-dependent artificial intelligence stocks, and Navitas and other names in the category could continue to face pressures if it becomes clear that the Fed is adopting more hawkish positioning.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Navitas (NVTS 0.58%) stock saw a substantial valuation pullback this week, with it share price falling 7.6% across the stretch. Over the same period, the S&P 500 fell 2.6%, and the Nasdaq Composite declined by 4.7%.
Navitas had actually been strongly in the green earlier in the week thanks to bullish momentum for semiconductor stocks and news that Nvidia was featuring its tech at a conference, but the stock saw a strong bearish reversal to close the week. The Bureau of Labor Statistics (BLS) published its jobs report for May on Friday, and the print helped spur a huge sell-off for growth stocks.
Image source: Getty Images.
Before falling, Navitas stock got a huge pop from Nvidia news Navitas stock skyrocketed on Wednesday following news that Nvidia was featuring the company's 800 V-to-6 V DC-DC power delivery board (PDB) at the Computex 2026 conference. The PDB board was showcased as part of Nvidia's AI Factory MGX platform, and Navitas's share price soared following news that the company's tech partnership was being highlighted. On the other hand, the stock suffered big sell-offs later in the week and closed out the stretch solidly in the red.
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A strong jobs report has the market worried The Federal Reserve is tasked with shaping monetary policy that both promotes economic growth and keeps inflation under control, and setting benchmark interest rates is arguably the most important tool at its disposal. Lower interest rates help energize economic growth, while higher rates help curb inflation.
With the May jobs report published on Friday, the BLS estimated that 172,000 nonfarm payroll positions had been added last month -- more than double the 80,000 estimated job additions called for by surveyed economists. Strong jobs growth could cause the Fed to once again shift its priorities to curtailing inflation, which has been accelerating recently. If the Fed raises rates, it could curb investors' appetites for Navitas and other growth stocks and set the stage for further valuation contractions.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Direct-cooled thermal management offered by a reflow-compatible, isolated thermal pad significantly improves power density, reliability, and efficiency.Integrated aluminum nitride substrate-based isolation reduces electromagnetic coupling, allowing higher switching speeds and lower EMI management costs.Developed for 3300V, 2300V, and 1200V SiC MOSFET products.
TORRANCE, Calif., June 08, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced the launch of its new UHV-TO-247-4-ISO package, setting a new benchmark for high-performance discrete power devices.
Featuring over 12 mm pin-to-pin creepage and greater than 6000 V integrated isolation, the package is purpose-built for 1200 V to 3300 V GeneSiC SiC MOSFETs, delivering module-like performance in a compact discrete form factor. When compared with standard non-isolated through-hole packages, this package not only eliminates the need for external high-voltage isolation but also improves thermal and EMI performance. This expands Navitas’ packaging portfolio, including SiCPAK® power modules, QDPAK, TO-247-LP, and other high-performance solutions, for more efficient, denser, scalable power systems in energy, grid, and AI data centers.
System Benefits:
Integrated High-Voltage Isolation: By integrating an Aluminum Nitride (AlN) substrate, this package offers robust high-voltage isolation exceeding 6000 V — eliminating the need for external isolation materials and simplifying system design.Direct-Cooled, Reflow-Compatible Thermal Management: A high-voltage isolated, reflow-compatible thermal pad lets the package mount directly to liquid- or air-cooled heat sinks, eliminating external TIM. This reduces RTH,J-HS by up to 60%, leading to up to 150% increased power dissipation capability, improving power density, reliability, manufacturability, and overall system cost.Reduced Coupling Capacitance & Radiated EMI: Integrated high-voltage isolation reduces die-to-heatsink stray capacitance compared to external ceramic-based isolators, effectively minimizing common-mode noise and radiated EMI. This enables higher switching speeds and delivers improved power density, increased system efficiency, and reduced system-level costs associated with EMI mitigation.Superior Power and Thermal Cycling Lifetime: Built on a high-performance AlN substrate with active metal brazing (AMB) technology and a robust reflow-compatible heatsink interface, this package eliminates the need for external TIM and isolation materials from the system stack - delivering superior power cycling capability and enhanced thermal cycling lifetime.Industry-Standard Form-Factor and Footprint: Compatible with the established high-voltage TO-247-4 form factor and lead geometry, this package allows effortless system integration with no redesign — while delivering superior performance, increased reliability, and lower total system cost.
“High-power system design is fundamentally challenged by the need to balance efficient thermal management with robust high-voltage isolation,” said Paul Wheeler, VP & GM of the SiC Business Unit at Navitas. “The UHV-TO-247-4-ISO package overcomes critical thermal and isolation challenges, delivering power module–class performance in a compact discrete form factor. As a highly efficient building block, it empowers system designers to unlock the full potential of GeneSiC TAP SiC MOSFET technology in next-generation applications such as immersion-cooled and liquid-cooled power electronics.”
Product Portfolio:
The UHV-TO-247-4-ISO package is offered in 3300V, 2300V, and 1200V SiC MOSFET ratings. This packaging breakthrough enables performance improvements in high-voltage grid-tied power conversion systems (PCS), solid-state transformers (SST), battery energy storage systems (BESS), and renewable energy applications.
Part NumberVDSRDS,ONG5R06MT12UIK1200 V6.5 mΩG5R12MT12UIK1200 V12 mΩG4H11MT23UIK2300 V11.5 mΩG4H23MT23UIK2300 V23 mΩG4H22MT33UIK3300 V22.5 mΩG4H45MT33UIK3300 V45 mΩ
The new package, together with its direct-cooled heatsink assembly, will be available at the Navitas Booth at PCIM Europe 2026, in Nuremberg, booth #544, Hall 9.
To request samples and product collateral, please contact a Navitas Sales Representative or write to [email protected].
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, energy and grid infrastructure, performance computing, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC™ high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact Information
Navitas Semiconductor
Vipin Bothra [email protected]
Navitas Investor Contacts
Leanne Sievers | Brett Perry
Shelton Group [email protected]
Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements may be identified by the use of words such as “we expect” or “are expected to be,” “estimate,” “plan,” “project,” “forecast,” “intend,” “anticipate,” “believe,” “seek,” or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and market share and current indications of customer interest, all of which are based on various assumptions, whether or not identified in this press release. All such statements are based on current expectations of the management of Navitas and are not predictions of actual future performance. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. Many actual events and circumstances that affect performance are beyond the control of Navitas and, forward-looking statements are subject to a number of uncertainties. Our businesses are subject to certain risks that could materially and adversely affect our respective business, financial condition, results of operations, or the value of our securities. For Navitas, these and other risk factors are discussed in the Risk Factors section of our most recent annual report on Form 10-K, as updated in the Risk Factors section of our most recent quarterly report on Form 10-Q, and in other documents we file with the SEC. If any of these risks, as discussed in more detail in our SEC reports, materialize or if our assumptions underlying forward-looking statements prove to be incorrect, actual results could differ materially from the results implied by these forward-looking statements.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8fba65a0-8c64-4eed-b1ab-4fae59db3823
https://www.globenewswire.com/NewsRoom/AttachmentNg/d136a4f5-13b6-47b4-8d83-660180fe28d1
Navitas Introduces Isolated Through-Hole Package for SiC MOSFETs, Enabling Direct-Cooled Thermal Man... Direct-cooled thermal management offered by a reflow-compatible, isolated thermal pad significantly ... Developed for 3300V, 2300V, and 1200V SiC MOSFET products. Featuring over 12 mm pin-to-pin creepage and greater than 6000 V integrated isolation, the package i...
Insiders are making big moves in several key stocks across finance and tech. This includes rare buys at a crypto-linked name that is well-known among retail investors. Meanwhile, insiders are selling a stock that received swaths of analyst upgrades last month, and a surging chip company with ties to NVIDIA NASDAQ: NVDA.
Get Robinhood Markets alerts:
Robinhood Insiders Buy Shares for the First Time in a YearRobinhood Markets Today
HOOD
Robinhood Markets
$88.21 +1.85 (+2.15%)
As of 01:15 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$63.51▼
$153.86P/E Ratio42.63
Price Target$110.73
Robinhood Markets NASDAQ: HOOD has certainly had a difficult start to 2026, down more than 25% on the year. Shares have also fallen by about 45% from their 52-week high. It should not come as a surprise that leading crypto asset Bitcoin has also fallen about 50% from its 52-week high and is down over 25% in 2026.
Robinhood has moved into many markets besides crypto, including equity and options trading, retirement accounts, subscriptions, and prediction markets. Nonetheless, its share price performance remains closely tied to crypto performance, for better or worse.
Amid its fall, Robinhood has seen a significant uptick in insider buying during Q2 2026. Overall, MarketBeat has tracked $35 million worth of insider purchases during the quarter after not seeing any since Q2 2025.
Meanwhile, insider sales remain slightly higher in Q2 2026 at $42 million. However, essentially all of these sales came under predetermined 10b5-1 plans, limiting their negative implications. Additionally, as buys have greatly increased, sales have come way down. In Q3 and Q4 2025, insider sales came in at more than $1 billion combined.
Overall, the combination of drastically falling insider sales and renewed insider buying is a solid bullish indicator for Robinhood going forward. This is particularly true when considering Robinhood’s beaten-down share price.
Snowflake Insider Sales Sell After Post-Earnings PopNext up is Snowflake NYSE: SNOW, which recently catapulted to the upside. The company’s latest earnings report greatly impressed investors, as it posted a double beat and a guidance raise. This led shares to gain more than 36% in one day.
Snowflake Today
$238.84 -1.07 (-0.44%)
As of 01:15 PM Eastern
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52-Week Range$118.30▼
$284.99Price Target$291.77
Snowflake also ranked as one of MarketBeat’s top three most upgraded stocks of last month—along with two other key AI names. Despite its recent surge, Snowflake’s overall return in 2026 is not overly impressive, sitting below 10%.
Still, it is notable that insider sales spiked following Snowflake’s huge post-earnings move. Among the $338 million worth of insider sales tracked in Q2, $288 million came after the company’s report. However, most of these sales also came under 10b5-1 plans, again limiting their bearish signal.
Furthermore, many of these sales involved the exercise of stock options followed by subsequent sales.
For example, Director Frank Slootman exercised options at $8.88 per share and then sold shares at $250 or higher. Thus, Slootman generated massive gains, limiting the effect that future up moves would have on his overall payoff. Nonetheless, total sales increased nearly threefold from $114 million in Q1. Overall, the raw size of Snowflake's sales is moderately concerning despite mitigating circumstances.
Insider at NVIDIA-Partnered Navitas Dump SharesLast up is Navitas Semiconductor NASDAQ: NVTS, which has soared more than 200% in 2026. This comes as Navitas is an NVIDIA partner for the company’s 800 volts direct current (VDC) data center power push.
Navitas Semiconductor Today
NVTS
Navitas Semiconductor
$20.48 -0.02 (-0.09%)
As of 01:15 PM Eastern
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52-Week Range$5.44▼
$34.17Price Target$12.87
The goal of this is to reduce the number of conversions needed to make grid power usable in artificial intelligence (AI) server racks. In turn, data center power efficiency should increase. Notably, Navitas recently unveiled its 800V-to-6V DC-DC power delivery board, designed for use in NVIDIA systems. Shares surged by nearly 20% afterward.
Still, as Navitas shares put up huge gains, insider sales have also moved up considerably. Overall, MarketBeat has tracked $116 million worth of insider sales, the company’s highest quarterly sales over the past three years. None of these sales came under 105b-1 plans, although they did come before the company debuted its new power delivery board that sent shares soaring.
Many of these insiders continue to hold very large positions in Navitas. For example, despite selling over 3.6 million shares, Director Ranbir Singh still holds nearly 15 million Navitas shares. Overall, the recent sales surrounding Navitas are a solidly bearish signal—although its NVIDIA partnership is difficult to ignore.
Analysts Eye Recovery in Robinhood Despite Wide Price Target DispersionOverall, Robinhood’s recent insider buys stand out, given how long it has been since insiders upped their stakes in the company. As insiders buy in, Wall Street analysts are also demonstrating confidence in the stock. The MarketBeat consensus price target on HOOD currently sits near $110, implying upside of more than 30%. Still, it is worth noting that forecasts range very widely, with recently updated targets as high as $155 and as low as $65.
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Key Takeaways NVTS unveiled a UHV-TO-247-4-ISO isolated package for its high-voltage SiC MOSFET lineup.The design integrates isolation, cuts thermal resistance and EMI, and boosts power dissipation capability.NVTS sizes the AI data centers market at $1.4B-$2.5B and energy/grid at $1B-$1.8B by 2030. Navitas Semiconductor (NVTS - Free Report) recently unveiled a new isolated package for its silicon carbide (SiC) MOSFETs. At first glance, this may seem like a routine product update. However, the launch highlights the company's efforts to strengthen its position in some of the fastest-growing power electronics markets, including artificial intelligence (AI) data centers, grid infrastructure and energy storage systems.
As demand for electricity continues to rise, so does the need for more efficient power conversion. Whether it's an AI server, a battery storage project or a renewable energy installation, power systems need to handle higher voltages and greater power densities while maintaining efficiency and reliability. That is where Navitas’ latest innovation can make a difference.
Why This Launch Matters for NVTSThe company's new UHV-TO-247-4-ISO package is designed for its high-voltage SiC MOSFET portfolio. The package integrates high-voltage isolation directly into the device and improves thermal management, allowing heat to be removed more effectively. In power electronics, heat is often one of the biggest obstacles to performance. Systems that run cooler can typically operate more efficiently, handle greater power levels and deliver improved reliability over time.
The new design can significantly reduce thermal resistance and increase power dissipation capability compared to conventional non-isolated through-hole packages. The package also aims to reduce electromagnetic interference (EMI), enabling faster switching speeds and potentially lowering system-level costs associated with EMI mitigation.
All this matters as the next generation of power-hungry applications requires exactly these kinds of improvements.
AI data centers are a good example. The rapid adoption of AI is driving unprecedented demand for computing power, which is increasing power consumption inside data centers. As operators look to improve efficiency and manage rising energy requirements, advanced power semiconductors are becoming a critical part of the solution. Navitas believes the AI data center market alone could represent a $1.4 billion to $2.5 billion opportunity by 2030.
The opportunity extends beyond AI. Navitas is also targeting battery energy storage systems, renewable energy installations, power conversion systems, and solid-state transformers. These markets are expected to benefit from long-term electrification trends, making them attractive growth opportunities for semiconductor suppliers. The company estimates that the energy and grid infrastructure market could represent a $1 billion to $1.8 billion serviceable opportunity by 2030.
With management estimating multibillion-dollar opportunities across AI infrastructure and energy markets, Navitas is betting that system-level innovation can help it capture a meaningful share of these emerging growth areas. The development also aligns with Navitas' broader strategy. The company is no longer focused solely on improving chip performance. Instead, it is increasingly addressing system-level challenges such as cooling, isolation, efficiency and reliability. That approach could help Navitas stand out in an increasingly competitive SiC market.
How Does Navitas Stack Up Against Peers? Companies such as onsemi (ON - Free Report) and STMicroelectronics (STM - Free Report) have established strong positions in the SiC industry and continue to invest heavily in expanding their product portfolios and manufacturing capabilities.
Last year, onsemi expanded its AI infrastructure ambitions through the acquisition of Vcore Power, adding power management capabilities for next-generation AI platforms. onsemi has also enhanced its EliteSiC portfolio with SiC JFET technology through the Qorvo buyout, aimed at improving efficiency in advanced power supply stages.
STMicroelectronics is also leveraging its expertise in silicon carbide power devices, power management solutions, and industrial semiconductors to target high-efficiency power conversion applications. STMicroelectronics is also investing in optical interconnect technologies, which are expected to become increasingly important as AI computing platforms demand faster data transfer and lower power consumption.
Both companies benefit from larger scale, broader customer relationships, and deeper financial resources. Against this backdrop, Navitas is focusing on system-level innovation— addressing cooling, isolation, efficiency, and electromagnetic interference challenges within the package itself— to solve broader customer pain points that extend beyond chip performance.
NVTS' Price Performance, Valuation & EstimatesShares of Navitas have surged more than 180% year to date compared with the industry’s growth of 46%.
Image Source: Zacks Investment Research
From a valuation standpoint, Navitas trades at a forward price-to-sales ratio of 85.09X, significantly higher than the industry’s average of 9.14X.
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The Zacks Consensus Estimate for Navitas’ 2026 and 2027 bottom line is pegged at a loss of 17 cents per share and 15 cents per share, respectively. See how the loss estimates have been revised over the past 90 days.
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Navitas currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
