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Navitas Semiconductor (NVTS +2.40%) has earned U.S. Army validation for an ambitious 10-kV silicon carbide program. If the technology proves itself, the opportunity could eventually stretch beyond defense into grid and industrial power systems. But the commercial payoff remains the part investors still need to see.

Stock prices used were the market prices of Sept. 30, 2026. The video was published on Oct. 20, 2026.

Rick Orford 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. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

High Voltage Returns: Navitas Rewires AI Data CentersNavitas Semiconductor NASDAQ: NVTS said its completed acquisition of Claros expands its power-semiconductor portfolio to address AI infrastructure from electrical-grid conversion through processor-level power regulation.

During a webinar focused on AI data-center power requirements, President and CEO Chris Allexandre described the transaction as a defining step in the company’s “Navitas 2.0” strategy, which has shifted away from consumer markets toward high-power applications. He said Navitas expects mobile revenue to be insignificant by the end of 2026, with nearly all revenue coming from high-power markets.

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Sovereign AI: Palantir and Nebius Cut the Cloud Cord“Power has become a bottleneck for AI compute,” Allexandre said. “Delivering more usable power, more efficiently is an enabler of more compute output.”

The company said its focus includes AI data centers, grid and energy infrastructure, high-performance computing, and industrial electrification. Its portfolio now combines gallium nitride, or GaN, devices for high-frequency power conversion; silicon carbide, or SiC, products for high-voltage applications; and Claros’ integrated voltage-regulator, or IVR, technology for delivery of power close to processors.

Grid-to-XPU Strategy
Power Struggle: Wolfspeed Sues Navitas Over AI ChipsNavitas presented its “grid-to-XPU” architecture as a response to what it calls the AI infrastructure power wall: cumulative power losses, heat, power-density constraints and material requirements that arise across a data center’s electrical path.

Chief Marketing Officer Llew Vaughan-Edmunds said traditional systems face limitations at several stages, including line-frequency transformers, AC-to-DC power supplies, 48-volt power distribution, intermediate bus conversion and final processor power delivery. At lower voltages, rising rack power requires higher current, increasing resistive losses and copper requirements, he said.

Navitas outlined an architecture centered on 800-volt DC distribution, fewer conversion stages and higher power density. In its presentation, the company said solid-state transformers could convert grid power directly to 800-volt DC while supporting bidirectional power flow and integration with battery-energy storage systems.

Within the data center, Navitas described power sidecars that would support high-power IT racks exceeding 1 megawatt, replacing distribution of 48 volts through a backplane with 800-volt DC delivery closer to compute trays. The company said this approach could reduce current, heat, resistive losses and copper use.

Vaughan-Edmunds also cited Navitas’ recent collaboration with NVIDIA on 800-volt-to-6-volt and 800-volt-to-12-volt DC-to-DC power-delivery boards. According to the company, those designs eliminate the traditional 48-volt intermediate bus converter stage and are intended to improve system efficiency, reliability, cost and compute density.

Processor-Level Power Delivery
Navitas said processor power requirements are creating a particularly acute challenge because AI processors operate at less than one volt while demanding thousands of amps. Vaughan-Edmunds said processor power is projected to grow from about 1.4 kilowatts in 2025 to 4.4 kilowatts in 2028, and to exceed 10 kilowatts in subsequent years.

Dan Kultran, vice president and general manager of Navitas’ IVR business unit and former Claros CEO, said conventional voltage regulators are typically placed beside processors. This requires current to travel across a circuit board, creating electrical losses, heat and board-space constraints.

Kultran said lateral power delivery can lose as much as 30% of power before it reaches the processor. Claros’ technology is designed to move voltage regulation beneath the processor through vertical power delivery, or VPD, and eventually into the processor package or substrate through embedded power delivery, or EPD.

“VPD gets us closer today, and EPD takes integration further as processor architectures evolve,” Kultran said.

The company introduced two products based on Claros’ IVR technology stack: packaged IVR, or P-IVR, designed to sit underneath a processor, and embedded IVR, or E-IVR, which integrates chiplets and passive components into a processor substrate. Navitas said its platform uses repeatable 10-amp building blocks that can be combined into 40-amp or 160-amp chips and then scaled across a system.

Expanded Addressable Market
Allexandre said Navitas’ identified 2030 serviceable addressable market has expanded from $3.5 billion for GaN and SiC to more than $8 billion with the addition of JFET and Claros IVR opportunities. He said approximately $1 billion of that expansion is tied to SiC JFET technology and at least $3.5 billion to vertical and integrated voltage-regulation opportunities.

AI infrastructure accounts for more than $6.9 billion, or nearly 85%, of that identified market, according to the company. Allexandre emphasized that the figures represent addressable market rather than revenue guidance.

Navitas said the Claros acquisition does not materially change its previously stated plan for reaching break-even. The company said its next priority is translating its expanded product portfolio into customer adoption and sustainable growth as AI data-center power architectures evolve.

About Navitas Semiconductor (NASDAQ:NVTS)Navitas Semiconductor Corporation NASDAQ: NVTS develops power semiconductor technologies designed to improve the efficiency, performance and size of electronic systems. The company specializes in gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices, which are used to convert and manage electrical power.

Its product portfolio includes GaNFast power ICs, GeneSiC silicon carbide products and related power-management solutions. These technologies are used in applications such as mobile and consumer chargers, data centers, solar inverters, electric vehicles, energy storage systems, appliances and industrial equipment.

Founded in 2014, Navitas serves customers and markets globally through its semiconductor products and engineering support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Baird has reiterated its 'outperform' rating on Navitas Semiconductor (NASDAQ:NVTS), the power chipmaker, arguing that its latest Nvidia collaboration positions it to benefit from a redesign of power systems in artificial intelligence data centres.

Navitas announced a 24-kilowatt power delivery board that converts 800 volts of direct current into 12 volts, targeting 97% efficiency at full load.

The board uses the company’s gallium nitride (GaN) technology and will feature on Nvidia’s MGX partner wall at the Open Compute Project conference this week.

The new design builds on Navitas’s previously announced 20kW board and delivers power density exceeding 2,000 watts per cubic inch.

Its 400mm by 60mm form factor allows integration directly onto the computing motherboard, bringing power conversion closer to graphics processing units (GPUs).

Baird sees the shift towards 800V power architectures as a significant growth opportunity, with hyperscale data centre operators adopting designs intended to support increasingly demanding AI workloads.

The broker expects power semiconductor content in power supply units to increase fivefold as these architectures develop, creating opportunities for gallium nitride in direct-current conversion and silicon carbide in alternating-current conversion.

Navitas’s single-stage design converts 800V directly to 12V, removing intermediate conversion steps and potentially reducing energy losses, board space and system complexity.

The board uses 16 650V gallium nitride field-effect transistors in the company’s latest dual-cooled package.

Baird views the transition as a structural growth opportunity because next-generation AI systems require higher power density and greater efficiency amid constraints on electricity supply.

The broker considers Navitas well positioned to benefit as data centre operators redesign power delivery systems, describing the shares as an attractive entry point for investors seeking exposure to the emerging architecture.

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Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS – Get Free Report) dropped 7.2% during mid-day trading on Monday. The company traded as low as $10.08 and last traded at $10.0090. 2,536,812 shares were traded during trading, a decline of 89% from the average daily volume of 23,299,379 shares. The stock had previously closed at $10.78.

Wall Street Analysts Forecast Growth
A number of analysts recently commented on NVTS shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, September 29th. Jefferies Financial Group set a $13.00 price target on Navitas Semiconductor in a report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Monday, September 14th. Wall Street Zen downgraded Navitas Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.92.

View Our Latest Research Report on NVTS

The firm’s 50-day moving average price is $12.13 and its 200 day moving average price is $15.22. The company has a market capitalization of $2.59 billion, a P/E ratio of -7.48 and a beta of 3.96.
Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $10.53 million for the quarter, compared to analysts’ expectations of $9.97 million. Navitas Semiconductor had a negative net margin of 856.85% and a negative return on equity of 13.13%. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.25) EPS. As a group, equities research analysts expect that Navitas Semiconductor Corporation will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Navitas Semiconductor
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Navitas Semiconductor during the 2nd quarter worth $290,970,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Navitas Semiconductor in the 2nd quarter worth $75,701,000. Tidal Investments LLC raised its holdings in shares of Navitas Semiconductor by 161.2% in the second quarter. Tidal Investments LLC now owns 1,132,184 shares of the company’s stock valued at $20,289,000 after purchasing an additional 698,683 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Navitas Semiconductor in the second quarter valued at about $16,757,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Navitas Semiconductor in the second quarter valued at about $9,116,000. 46.14% of the stock is owned by hedge funds and other institutional investors.

Navitas Semiconductor Company Profile
(Get Free Report)

Navitas Semiconductor Corporation is a fabless semiconductor company that develops power-management technologies based on gallium nitride (GaN) and silicon carbide (SiC). Its products are designed to improve the efficiency, power density and size of electronic power systems by integrating power semiconductors with control, drive and protection circuitry.

The company offers GaN power integrated circuits, SiC MOSFETs and related power-management solutions for applications including mobile and consumer chargers, data centers, solar and energy-storage systems, electric vehicles, industrial equipment and other high-power systems.

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The semiconductor stock has been volatile in 2026.

*Stock prices used were the afternoon prices of Oct. 7, 2026. The video was published on Oct. 9, 2026.

Parkev Tatevosian, CFA 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. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Completes Navitas’ high-power portfolio with Claros’ IVR technology, enabling vertical and embedded architectures and providing last step in power delivery to the core

Navitas to host webinar ‘Breaking the AI Infrastructure Power Wall: From Grid-to-xPU’, unveiling Claros’ technology and differentiation on October 20, 2026

TORRANCE, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) (Navitas or “the Company”), a leader in next-generation power semiconductors and power delivery solutions, pioneering GaN, high-voltage and ultra-high-voltage SiC, and IVR technologies, today announced the closing of its previously announced acquisition of Claros, Inc. (Claros), a power management solutions company developing integrated voltage regulator (IVR) technology for next-generation AI data centers, providing the last step to powering the xPU.

The completed transaction extends Navitas’ AI infrastructure portfolio from the grid to the xPU, bringing industry-leading IVR capabilities. Claros™ IVR integrates power transistors, digital control, inductors and capacitors into a single IVR technology stack to enable next-generation Vertical Power Delivery (VPD) and Embedded Power Delivery (EPD) architectures. Its Packaged Integrated Voltage Regulator (pIVR) and Embedded Integrated Voltage Regulator (eIVR) products, based off the same Claros IVR technology stack, move power conversion closer to the xPU and deliver higher efficiency, faster transient response and greater power density, while the modular PowerArray™ architecture scales power delivery to meet the rapidly increasing demands of next-generation processors at the center of modern AI systems.

Combined with Navitas’ GaN and high-voltage and ultra-high-voltage SiC technologies that enable the new 800V DC architecture, the Company is “breaking the AI infrastructure power wall” by addressing the efficiency, power density and performance bottlenecks emerging as AI data centers and xPUs demand dramatically more power.

“Closing this acquisition is a defining step in the Navitas 2.0 transformation and our strategy to power AI infrastructure from grid-to-xPU,” said Chris Allexandre, President and CEO of Navitas. “With power now the bottleneck for AI, increases in power delivery and efficiency are the key enablers of more compute output. The future of AI depends on delivering thousands of amps to increasingly power-hungry processors with unprecedented speed and precision, in addition to re-redefining the racks with higher power centralized systems and higher density architectures. This ‘power wall’ has restricted next-generation xPUs in megawatt-scale server racks from achieving the next wave of AI performance. Navitas 2.0 brings together GaN, high-voltage and ultra-high-voltage SiC, and now IVR technologies to break the power wall and address power conversion across the complete grid-to-xPU architecture.

“Additionally, this combination doubles our serviceable addressable market (SAM), deepens our engagement with hyperscalers and AI power platform providers, and strengthens our capabilities and leadership in power delivery for AI infrastructure. As AI power demand accelerates, we are uniquely positioned to deliver greater value for our customers, while driving sustainable long-term growth.”

Navitas expects the acquisition to more than double the Company’s identified 2030 SAM to over $8 billion, adding at least $3.5 billion from the rapidly growing VPD and IVR markets. Combined with Navitas’ existing $3.5 billion SAM for GaN and HV/UHV SiC and approximately $1 billion from new JFET technology, the transaction significantly expands Navitas’ opportunity across the complete grid-to-xPU power chain.

Webinar Presentation | Breaking the AI Infrastructure Power Wall: From Grid-to-xPU    Speakers:Chris Allexandre - Navitas President and CEO  Llew Vaughan-Edmunds - Navitas Chief Marketing Officer  Dan Kultran - VP & GM, IVR Business Unit, former CEO & Claros Co-founder    When: Tuesday, October 20 Time: 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) Webcast: Click Here
Additionally, an archived version of the video webinar as well as supporting presentation materials will be accessible on the Investor Relations section of the Company’s website at ir.navitassemi.com.

About Navitas

Navitas Semiconductor (Nasdaq: NVTS) is a leader in next-generation power semiconductors and power delivery solutions, pioneering GaN, high-voltage and ultra-high-voltage SiC, and IVR technologies for AI infrastructure, including data centers and energy and grid systems, as well as additional markets such as high-performance computing and industrial electrification. Collectively, these technologies address the complete grid-to-xPU power architecture, breaking the AI infrastructure power wall and enabling higher efficiency, greater power density, and increased performance across the entire power chain. Navitas’ GaNFast™ FETs deliver industry-leading power density, efficiency, and high-speed performance, while GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection to enable faster, more efficient power conversion, leading to smaller and more reliable systems. The GeneSiC™ portfolio combines proprietary trench-assisted planar (TAP) SiC technology with leading-edge discrete packaging and SiCPAK™ power modules to deliver industry-leading efficiency, ruggedness and performance. Claros™ IVR technologies extend power delivery directly to the xPU, enabling customers to implement vertical power delivery (VPD) and embedded power delivery (EPD) architectures with high-density power conversion beneath or within millimeters of the processor, minimizing power-delivery losses and impedance while enabling ultra-fast transient response, higher efficiency and maximum power density. Navitas has over 450 patents issued or pending and is a leader in 800 VDC and the advanced AI power infrastructure ecosystem.

Navitas®, GaNFast®, GeneSiC™, Claros™, SiCPAK®, GaNSafe®, DrGaN™, 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.

Forward-Looking Statements
Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for the Company’s future operating and financial performance, based on assumptions currently believed to be valid. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “may,” “will,” “would,” “could,” “should,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. These statements, including statements regarding the anticipated benefits, synergies and prospects of the combined company following the completed acquisition of Claros, expected contributions to Navitas’ serviceable addressable market, technology roadmap, customer engagements, and financial model, are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the risk that the anticipated benefits, synergies and cost savings of the transaction may not be realized within the expected timeframe or at all; the difficulties and costs of integrating the two businesses; significant transaction costs and/or unknown or inestimable liabilities; the effect of the transaction on the parties’ ability to retain and hire key personnel and to maintain relationships with customers, suppliers and other business partners; the diversion of management’s attention and resources from ongoing business operations; the impact of macroeconomic and market conditions, including economic downturns, international conflict, trade disputes and tariffs; and the other risks identified in the Company’s filings with the SEC. These forward-looking statements speak only as of the date of this release and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law.

Contact Information
Navitas Semiconductor
Vipin Bothra
[email protected]

Navitas Investor Contacts
Leanne Sievers | Brett Perry
Shelton Group
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c66a6c1-105c-42e0-af65-9741a11caf02

TORRANCE, Calif. and CHANDLER, Ariz., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) and Microchip Technology (Nasdaq: MCHP) - As AI data centers scale to support high-power GPU clusters, the industry is shifting toward 800V DC rack power architectures to improve distribution efficiency, increase power density and support next-generation server designs. To help accelerate this transition, Navitas and Microchip have collaborated on an 800V DC-to-6V DC reference design for AI data center rack power applications.

The platform combines Microchip’s digital power control and security technologies with Navitas’ GaNFast™ gallium nitride (GaN) power devices to give developers a practical path to implement high-efficiency power conversion aligned with the Open Compute Project (OCP) 800V DC standard. Complete with reference hardware, software and design documentation, the solution helps reduce design risk, shorten development cycles and accelerate deployment of next-generation AI infrastructure.

"AI infrastructure optimization is driving one of the most significant power architecture transitions the data center industry has experienced in decades," said Joe Thomsen, corporate vice president of Microchip's digital signal controller business unit. "As the ecosystem moves toward higher-voltage rack power systems, developers need proven building blocks that help reduce design risk and accelerate innovation. Our collaboration with Navitas brings together complementary technologies to help customers navigate this transition and bring next-generation power solutions to market more quickly."

At the core of the reference platform are Microchip's dsPIC33AK Digital Signal Controllers (DSCs), TA100 CryptoAuthentication™ device, and Navitas’ GaNFast FETs. The dsPIC33AK is designed to provide high-resolution control, high-speed analog and security with support for post-quantum cryptography. The devices offer library support for Commercial National Security Algorithm (CNSA) Suite 2.0 recommended post-quantum cryptographic (PQC) algorithms and feature hardware accelerated cryptographic functions needed in Open Compute Project (OCP) power supplies and other connected real-time control designs. Powered by a 200 MHz 32-bit core with a double-precision floating-point unit (FPU), the dsPIC33AK256MPS306 family combines 78 ps high-resolution Pulse Width Modulators (PWMs) and multiple 12-bit Analog-to-Digital Converters (ADCs) operating at up to 40 MSPS. The high-speed core and peripherals support fast, deterministic control loops for high frequency, high-efficiency DC/DC power conversion.

This PDB is powered by 16 × NV6034, 650 V, 17 mΩ GaNFast FETs in a stacked half-bridge topology on the primary side. The DFN8×8 dual-side-cooled package extends the performance advantages of GaN by reducing thermal resistance, allowing higher continuous power operation while maintaining exceptional efficiency. The PDB targets delivering up to 96% peak efficiency at full load with 1 MHz switching frequency, enabling a power density of 2,100 W/in³.

Approximately 20% thinner than a mobile phone, its ultra-low profile enables extremely close integration with the GPU board, maximizing transient performance and improving power distribution efficiency. Navitas' system-level approach ensures that advances in GaN technology translate into measurable improvements in efficiency, power density, transient performance, and total cost of ownership. Direct conversion from 800V DC to 6V DC combines both 800V DC to 50V DC and 50V DC to 6V DC conversion stages into one converter, delivering higher end-to-end efficiency.

“As AI infrastructure scales to support increasingly demanding computing platforms, Navitas’ GaNFast technology is a critical enabler of higher power density, greater efficiency, and improved system performance,” said Vipin Bothra, vice president of Global Solution Marketing at Navitas Semiconductor. “By combining Navitas’ leadership in power semiconductors with Microchip’s digital control expertise, this collaboration accelerates the delivery of advanced power solutions tailored to the evolving requirements of next-generation AI data centers.”

The reference design also incorporates Microchip's TA100 CryptoAuthentication™ device to help address growing security requirements within modern power infrastructure. By integrating hardware-based security into the design, developers can establish a trusted foundation for system authentication and protection without the complexity of implementing security measures from scratch. The TA100 device provides support for code authentication (secure boot), Message Authentication Code (MAC) generation, trusted firmware updates, multiple key management protocols including Transport Layer Security (TLS) and other root-of-trust-based operations.

The Microchip and Navitas reference design provides a platform for developing high-voltage, high power, compact rack power systems for AI data centers. The design combines power control, security and GaN power technologies to support efficient 800V-to-6V-power conversion while helping system developers address evolving power delivery, performance and form-factor requirements. The solution will be showcased at Microchip's OCP Event, taking place October 12–15, 2026, in San Jose, California.

The design will be supported with a reference board, software and supporting documentation, giving developers access to the resources needed to evaluate and accelerate deployment of 800V DC power conversion systems for AI data center applications.

About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and integrated-circuit devices, and high-voltage silicon carbide (SiC) technology. Navitas drives innovation across AI Infrastructure, combining Grid and Energy Infrastructure and AI data centers, as well as 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 to deliver 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 more than 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 Microchip Technology
Microchip Technology Inc. is a broadline supplier of semiconductors committed to making innovative design easier through total system solutions that address critical challenges at the intersection of emerging technologies and durable end markets. Its easy-to-use development tools and comprehensive product portfolio supports customers throughout the design process, from concept to completion. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support and delivers solutions across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. For more information, visit the Microchip website at www.microchip.com.

Note: The Microchip name and logo and the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. CryptoAuthentication is a trademark of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

Navitas Investors Contact
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 the Private Securities Litigation Reform Act of 1995 and 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. Microchip’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. 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. 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,” ”will,” “targets,” “designed to,” “help accelerate” 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 Microchip. Neither Microchip nor Navitas undertakes any obligation to update forward-looking statements to reflect events or circumstances after the date of this press release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d521aa42-41af-479c-bd1e-f276adec5b1f

Navitas and Microchip Collaborate to Deliver 800V Reference Design for Next-Generation AI Data Cente... Solution combines digital power control, GaN technology, and hardware-based security to accelerate d...

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Navitas Semiconductor Corp (Nasdaq:NVTS) won a US Army award to develop 10 kV silicon carbide power chips for military systems.

The award covers the ALATTIS prototype project, which targets a domestic manufacturing process for silicon carbide insulated-gate bipolar transistors and associated PiN diodes.

To develop those devices, Navitas will combine its patented trench-assisted planar architecture with advanced diode technologies, using iterative design, fabrication and testing to validate the manufacturing process.

The Army Research Laboratory sponsors that work to advance high-power electronics for critical defense and infrastructure applications.

Navitas said the Army's competitive selection reflected its technology, reliability and manufacturing supply chain anchored in the United States.

That technology base includes the company's GeneSiC portfolio, spanning voltage ratings from 650 V to 6.5 kV, with its 6.5 kV silicon carbide MOSFETs commercially released in 2021.

The planned transistors would extend Navitas beyond silicon carbide MOSFETs, chief technology officer Siddarth Sundaresan said, broadening its ultra-high-voltage power technology.

Navitas Semiconductor Corporation (NASDAQ:NVTS) shares are trading higher on possible continued momentum Tuesday after the company announced late Monday that it was selected by the U.S. Army to develop next-generation 10 kV silicon carbide power semiconductor technology.

Navitas Semiconductor shares are climbing with conviction. What’s fueling NVTS momentum? Navitas Awarded U.S. Army ALATTIS Program For 10 kV SiC TechnologyNavitas said it was awarded the ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program following a competitive evaluation among leading U.S. silicon carbide technology companies, with the Army citing Navitas’ leadership in ultra-high-voltage SiC innovation and its U.S.-anchored manufacturing ecosystem. The prototype project, sponsored by the Army Research Laboratory under the U.S. Army Combat Capabilities Development Command and supported by the Joint Experimentation and Technology Accelerator, aims to develop and validate a novel domestic manufacturing process for 10 kV silicon carbide insulated-gate bipolar transistors and associated PiN diode technologies for mission-critical defense systems.

Navitas said its GeneSiC silicon carbide portfolio, led by its trench-assisted planar MOSFET architecture, already spans voltage ratings from 650 V to 6.5 kV, and the company has pioneered several industry firsts in ultra-high-voltage SiC, including 6.5 kV SiC thyristors in 2010, 10-15 kV PiN diodes in 2012, and the commercial release of 6.5 kV SiC MOSFETs in 2021.

“The ALATTIS award marks a significant milestone in advancing ultra-high-voltage silicon carbide (SiC) power devices and recognizes Navitas’ over 20 years of innovation in delivering reliable, ultra-high-voltage, high-power SiC technologies,” said Siddarth Sundaresan, SVP and Chief Technology Officer at Navitas. “This program enables Navitas to extend its leadership beyond SiC MOSFETs by developing next-generation 10 kV SiC IGBTs built on our unique, patented trench-assisted planar (TAP) architecture and integrated with advanced PiN diode technologies.”

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Navitas Shares RiseNVTS Price Action: At the time of publication, Navitas shares are trading 8.87% higher at $12.77, according to data from Benzinga Pro.

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Navitas Semiconductor Corp (NASDAQ:NVTS) shares are soaring in extended trading Monday after the company was awarded the ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program.

Navitas Semiconductor stock is among today’s top performers. What’s behind NVTS gains? Navitas Selected For ALATTIS ProgramThe U.S. government has selected Navitas to develop next-generation 10 kV silicon carbide (SiC) power semiconductor technology under the ALATTIS program.

The company said it was selected for its leadership in UHV SiC innovation, ability to deliver defense-grade performance and reliability, and U.S.-anchored manufacturing ecosystem.

The ALATTIS prototype project will create, run and validate a new U.S.-based manufacturing process for ultra-high-voltage (10 kV and above) silicon carbide power semiconductors through repeated rounds of design, fabrication and testing.

“This program enables Navitas to extend its leadership beyond SiC MOSFETs by developing next-generation 10 kV SiC IGBTs built on our unique, patented trench-assisted planar (TAP) architecture and integrated with advanced PiN diode technologies,” said Siddarth Sundaresan, SVP and chief technology officer of Navitas.

Navitas Shares SurgeNVTS Price Action: Navitas shares were up 16.03% in after-hours, trading at $13.61 at the time of publication on Monday, according to Benzinga Pro.

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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced that Navitas Semiconductor Corporation (Nasdaq: NVTS) (“Navitas”) has agreed to make a $5 million strategic equity investment in Magnachip. Under the terms of a privately negotiated stock purchase agreement, Magnachip will issue and sell 1,461,988 shares of its common sto.

Baird Financial Group Inc. reduced its position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS – Free Report) by 24.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 299,060 shares of the company’s stock after selling 96,207 shares during the period. Baird Financial Group Inc. owned about 0.11% of Navitas Semiconductor worth $5,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of Navitas Semiconductor by 19.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,335 shares of the company’s stock worth $114,000 after acquiring an additional 1,050 shares during the period. Kestra Advisory Services LLC increased its stake in Navitas Semiconductor by 2.8% in the first quarter. Kestra Advisory Services LLC now owns 42,189 shares of the company’s stock valued at $370,000 after purchasing an additional 1,150 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Navitas Semiconductor by 247.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company’s stock valued at $31,000 after purchasing an additional 1,239 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Navitas Semiconductor during the second quarter valued at about $27,000. Finally, State of Wyoming raised its holdings in shares of Navitas Semiconductor by 92.8% during the first quarter. State of Wyoming now owns 4,803 shares of the company’s stock valued at $42,000 after purchasing an additional 2,312 shares during the period. Institutional investors and hedge funds own 46.14% of the company’s stock.

Wall Street Analyst Weigh In Several analysts have recently commented on NVTS shares. Jefferies Financial Group set a $13.00 target price on Navitas Semiconductor in a research note on Tuesday, July 28th. Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 price target on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Morgan Stanley restated an “underweight” rating and set a $12.60 price objective on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Weiss Ratings raised Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Navitas Semiconductor has a consensus rating of “Hold” and a consensus price target of $15.92.

Get Our Latest Stock Analysis on NVTS Navitas Semiconductor Stock Down 6.4% Shares of NASDAQ:NVTS opened at $10.89 on Tuesday. The business’s 50 day moving average is $12.31 and its 200 day moving average is $14.92. Navitas Semiconductor Corporation has a 12-month low of $5.83 and a 12-month high of $34.17. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -8.19 and a beta of 3.88.

Navitas Semiconductor (NASDAQ:NVTS – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $10.53 million during the quarter, compared to analyst estimates of $9.97 million. Navitas Semiconductor had a negative return on equity of 13.13% and a negative net margin of 856.85%.Navitas Semiconductor’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) EPS. As a group, equities research analysts expect that Navitas Semiconductor Corporation will post -0.31 earnings per share for the current year.

(Free Report)

Navitas Semiconductor Corporation (NASDAQ: NVTS) develops gallium nitride (GaN) and silicon carbide (SiC) power semiconductor technologies. Its products are designed to improve the efficiency, power density and size of power-conversion systems used in electronic devices and infrastructure.

The company offers GaN power integrated circuits, including its GaNFast product family, as well as SiC devices and related technologies marketed under the GeneSiC brand. Its products are used in applications such as mobile and consumer chargers, data centers, solar and energy-storage systems, electric vehicles, appliances, industrial equipment and other high-power systems.

Founded in 2014, Navitas is headquartered in Torrance, California, and serves customers and markets internationally.

Further Reading Five stocks we like better than Navitas Semiconductor Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down Want to see what other hedge funds are holding NVTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navitas Semiconductor Corporation (NASDAQ:NVTS – Free Report).

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Navitas Semiconductor Corporation (NVTS) Presents at Citi's 2026 Global TMT Conference Transcript

TORRANCE, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor, the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced the Company will participate at the Citi 2026 Global TMT Conference to be held at the New York Hilton Midtown Hotel. Navitas’ President and CEO, Chris Allexandre, and Tonya Stevens, Chief Financial Officer, are scheduled to host a fireside chat at 1:15 p.m. Eastern Time on Tuesday, September 8, 2026, and will be available to meet with attending investors throughout the day.

A live and archived audio webcast of the Company’s fireside chat will be available in the Events section of Navitas’ Investor Relations website. Portfolio managers and analysts who would like to request a meeting with management should contact their Citi representative.

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.

Investor Relations Contacts:
Shelton Group
Leanne Sievers | Brett Perry
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35f4f970-5caf-4be9-842a-30ead6e11f60

The shift to 800-volt AI rack architectures is quietly creating winners in a corner of the chip market most investors overlook, and three small-cap semiconductor names under $50 each carry real exposure to that buildout alongside risks that could make…

The AI power infrastructure buildout is quietly rewriting the demand curve for wide-bandgap semiconductors. Gallium nitride (GaN) and silicon carbide (SiC) suppliers sit at the center of the transition from 48-volt to 800-volt DC rack architectures, and three small-cap names give investors direct exposure at entry prices well under $50. Each has AI-data-center leverage in its bull case, a fresh earnings report, and identifiable execution risk. Here is how they stack up in August.

Navitas Semiconductor (NVTS) Navitas Semiconductor (NASDAQ:NVTS) is the purest AI-power play on this list. Shares closed at $12.23 on August 24, up 71.29% year to date and 90.2% over the past year, though the stock fell 16.12% in the past week as the group cooled off.

Navitas reported Q2 FY26 revenue of $10.5 million, up 22% sequentially, with non-GAAP gross margin of 39.5% and cash of $557 million against no debt. Q3 revenue is guided to $13.5 million, plus or minus $0.5 million. CEO Chris Allexandre told investors that "high-power markets grew more than 50% year-over-year" and that "AI infrastructure market will represent more than one-third of our total sales by year-end."

The bull case is architectural. Navitas is designed into the NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) MGX 800V DC rack ecosystem, and management flagged a new 1.2 kV JFET product line targeting an incremental $1 billion of SAM by 2030. Fuse's model puts a one-year base-case target of $16.18, or 32.3% upside.

The risk: this is a story stock. Beta sits at 3.882, TTM EPS is -$1.34, and quarterly revenue is still down 27.3% year over year. The 2027 hyperscaler ramp has to land.

Alpha and Omega Semiconductor (AOSL) Alpha and Omega Semiconductor (NASDAQ:AOSL) is the mix-shift story. Shares last traded at $25.89, up 30.69% year to date but down 16.67% over the past week. Forward P/E is a striking 8, and the analyst target sits at $43.75.

The Q4 FY26 report delivered revenue of $170.4 million, with non-GAAP gross margin expanding to 23.7% from 21.7% the prior quarter. Non-GAAP loss per share was $0.13, a meaningful improvement from the $0.28 loss in the March quarter. The September-quarter guide calls for revenue of approximately $176 million plus or minus $10 million and non-GAAP gross margin of 24.5% plus or minus 1%. AI and server revenue is expected to grow more than 60% sequentially.

CEO Stephen Chang said, "Advanced computing is now a clear and growing contributor to both revenue and earnings." The joint-venture divestiture closed with the final $15 million installment, leaving cash at $180.8 million. Fuse's one-year base case projects $51.32, or 98.22% upside.

The caveat is the September consumer segment, which is guided down approximately 25% sequentially. Traditional PC weakness tied to memory and CPU shortages, plus typhoon and Shanghai flooding impacts, will pressure the quarter even as the AI mix improves.

Wolfspeed (WOLF) Wolfspeed (NYSE:WOLF) is the post-restructuring wildcard. Shares closed at $24.76, up 42.22% year to date but down a sharp 29.18% over the past week following the Q4 report.

The numbers were mixed. Fiscal Q4 revenue came in at $150 million, with non-GAAP EPS of -$2.26 versus -$1.465 expected, missing expectations by a wide margin. Non-GAAP gross margin stayed at minus 19.9%. Guidance for Q1 FY27 is revenue of $140 million to $160 million, with gross margin expected to remain negative.

The bull case is the AI pivot. CEO Robert Feurle said AI data center revenue more than doubled from fiscal 2025 to fiscal 2026 and grew approximately 20% sequentially in Q4. Wolfspeed launched its fifth-generation SiC MOSFET, a commercially ready 10 kilovolt SiC MOSFET recognized as the top innovation at PCIM 2026, and signed an MoU with GE Aerospace. Balance sheet cash sits at $576.3 million, and management said gross-margin breakeven arrives at roughly an $800 million annual run rate. Fuse's base case is $31.76 for 28.28% upside, with a bear case at $14.60.

Wolfspeed is the highest-risk, highest-optionality name here. Materials revenue fell to $43.3 million from $78.4 million, TTM EPS is -$11.39, and analyst sentiment skews cautious with one hold and one strong sell. This one only works if AI data center demand ramps faster than the legacy materials business erodes.

What to Watch Next All three tickers trade under $50, all three have real AI-power exposure, and all three run on cash cushions large enough to fund another year of ramp. Navitas offers the cleanest thesis, AOSL offers the cheapest multiple, and Wolfspeed offers the deepest turnaround optionality. The next catalysts arrive with Q3 earnings reports and any additional 800V design-win disclosures heading into 2027. Power and cooling suppliers keep showing up on our radar for the same reason, and we rounded up seven of them in a free report on the AI infrastructure names that aren’t chipmakers.

Contact [email protected] for any questions or corrections.

Shares of Navitas Semiconductor (NVTS -8.15%) rose on Tuesday after the designer of next-generation power chips struck a deal to acquire Claros, a provider of innovative energy management solutions for artificial intelligence (AI) data centers.

Image source: Getty Images.

Terms of the deal Navitas is offering to purchase Claros for up to $232.8 million, with $216 million paid at closing in cash and stock, and the remainder paid if certain business milestones are achieved.

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Breaking through the power wall The most advanced AI chips are so powerful that traditional energy delivery systems can't keep up. These ultra-high-performance chips require massive amounts of electricity and near-instant response times.

"The future of AI depends on delivering thousands of amps to increasingly power-hungry processors with unprecedented speed and precision," Navitas CEO Chris Allexandre said.

Claros stacks multiple power technologies into a single, compact package and places it closer to AI chips. In turn, the power they require needs to travel only millimeters instead of inches.

That might not sound like much of a difference, but it's enough to slash response times and heat production, while boosting efficiency and power density, thereby significantly reducing the costs of operating an AI data center.

Navitas estimates that acquiring Claros will more than double its addressable market to over $8 billion. The deal is projected to close by the end of the year, subject to regulatory approval.

Joe Tenebruso 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.

I'm reiterating Navitas Semiconductor as a buy with a revised $22 price target. Q2 2026 results showed 22% sequential revenue growth and over 50% y/y high-power revenue growth, with Q3 guidance 17% above prior estimates. AI infrastructure is set to exceed one-third of Q4 2026 revenue, with an expanding backlog and 800V AI data center ramping expected from 2027.

It has been about a month since the last earnings report for Navitas Semiconductor Corporation (NVTS - Free Report) . Shares have added about 24.3% 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? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Navitas Semiconductor Corporation before we dive into how investors and analysts have reacted as of late.

NVTS Q2 Earnings Meet Estimates, Revenues Beat on High-Power GrowthNavitas Semiconductor reported second-quarter 2026 non-GAAP loss of 4 cents per share, in line with the Zacks Consensus Estimate. The figure was narrower than the year-ago quarter’s loss of 5 cents.

Navitas Semiconductor’s second-quarter 2026 revenues of $10.5 million declined 27.3% year over year but beat the consensus estimate by 5.8%. The top line increased 22% sequentially as revenues from high-power markets grew more than 50% year over year. Management also highlighted an expanding backlog and record book-to-bill, reflecting stronger demand across AI data centers and grid and energy infrastructure.

NVTS Builds Momentum in High-Power MarketsHigh-power products accounted for the majority of second-quarter revenues, while mobile and low-end consumer sales declined both sequentially and year over year. Both gallium nitride, or GaN, and silicon carbide, or SiC, contributed to the sequential improvement.

The company expects mobile and low-end consumer revenues to become insignificant by year-end. AI infrastructure, which combines data centers with grid and energy infrastructure, is projected to represent more than one-third of fourth-quarter sales.

NVTS Targets Multiple AI Power InflectionsThe first growth phase is already underway as higher rack power and density requirements drive silicon-to-SiC replacement in AC/DC power supply units. Management expects this trend to accelerate in the second half of 2026 and the first half of 2027.

A second phase is expected around mid-2027 as power shelves and battery backup units move into 800-volt sidecar racks. Native 800-volt power delivery to compute trays should follow, increasing GaN content near GPUs and other processors, while solid-state transformers could expand ultra-high-voltage SiC and GaN opportunities from 2028.

Navitas Improves Mix and Gross MarginNon-GAAP gross margin expanded 50 basis points sequentially and 100 basis points year over year to 39.5%. The improvement reflected a greater contribution from higher-value high-power products and better scale.

Non-GAAP operating expenses were $15.5 million, down from $16.1 million a year earlier. The company recorded a non-GAAP operating loss of $11.4 million compared with a loss of $11.7 million in the prior quarter and $10.6 million in the year-ago period.

NVTS Strengthens Liquidity Ahead of GrowthNavitas ended the first quarter of 2026 with $557 million in cash and cash equivalents, up from $221 million at the end of the first quarter, primarily due to approximately $373 million of capital raised during the period. Navitas remained debt-free.

Inventory increased to $19.5 million from $14.9 million as the company began building TSMC wafer buffers. Prepaid expenses and other current assets also rose by roughly $15 million, reflecting planned wafer purchases to support expected AI data center demand and the transition to U.S.-based GaN manufacturing.

NVTS’ Outlook Calls for Continued Sequential Growth in Q3For the third quarter of 2026, Navitas expects revenues of $13 million to $14 million. The $13.5 million midpoint implies 28% sequential growth and a return to year-over-year expansion. The Zacks Consensus Estimate for revenues is currently pegged at $11.38 million, indicating a 12.5% increase from the year-ago reported quarter.

Non-GAAP gross margin is projected at 38.7% to 40.7%. Non-GAAP operating expenses are expected between $15.5 million and $17.5 million as the company increases spending on product development, customer support and supply-chain readiness.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.

The consensus estimate has shifted 25% due to these changes.

VGM ScoresAt this time, Navitas Semiconductor has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock was allocated 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. It comes with little surprise Navitas Semiconductor has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

As the global AI revolution moves rapidly from cloud software to physical infrastructure, many investors are eyeing niche specialists like Navitas Semiconductor (NVTS -2.58%) and Rezolve AI (RZLV +2.04%) to determine which firm offers the better path to long-term growth.

Navitas designs advanced power chips that improve energy efficiency in data centers and electric vehicles. Rezolve AI provides retail software designed to streamline product discovery and mobile checkouts for global consumers. While one builds the essential hardware and the other develops the software, both companies are competing for space in modern tech portfolios.

Navitas Semiconductor designs specialized power semiconductors like gallium nitride (GaN) and silicon carbide (SiC) for high-voltage applications. These chips are essential for semiconductor stocks that serve AI data centers and industrial electrification markets where efficiency is critical. While it partners with firms like Magnachip Semiconductor, its focus on large Tier-1 manufacturers means customer concentration like this adds a layer of risk to the business.

In FY 2025, revenue reached nearly $45.9 million, representing a decrease of approximately 44.9% compared to the prior year. This revenue decline contributed to a net loss of roughly $117.0 million for the period. The net margin was nearly -254.7%, indicating the company is spending significantly more to operate than it currently generates in sales.

As of its December 2025 balance sheet, the debt-to-equity ratio is 0.0x, meaning the company carries no debt relative to shareholder equity. The current ratio is nearly 5.0x, which measures the ability to cover short-term obligations with current assets. Free cash flow was approximately negative $44.4 million in FY 2025.

The case for Rezolve AIRezolve AI provides AI-powered commerce software, including its Brain Commerce and Brain Checkout platforms for retailers. Although it does not disclose specific major customers, it reports serving over 650 enterprise customers in fashion and financial services. This broad customer base suggests its software has significant applications across various sectors of the global digital economy as mobile commerce continues to expand.

In FY 2025, revenue reached nearly $46.8 million, marking an increase of roughly 24,821.8% from a small base. Despite this growth, the company reported a net loss of approximately $101.4 million. The net margin was nearly -216.7%, illustrating that the company is in a high-burn phase common for early stage software firms prioritizing expansion.

As of its December 2025 balance sheet, the debt-to-equity ratio is 0.6x, indicating moderate debt relative to shareholder equity. The current ratio is roughly 0.7x, meaning current liabilities exceed current assets and suggesting a tighter liquidity situation. Free cash flow was approximately negative $87.1 million for FY 2025 as the company funded development to keep pace with the rapidly evolving artificial intelligence landscape.

Risk profile comparisonNavitas Semiconductor faces legal challenges, including patent infringement lawsuits involving Wolfspeed and Renesas Electronics. Its pivot to high-power markets involves execution risk, while a shift in manufacturing partners like TSMC could lead to delays or higher costs. These factors, combined with widening net losses, have negatively impacted market sentiment.

Rezolve AI operates in a competitive software market against deep-pocketed rivals like Alphabet and Amazon. The lack of transparency regarding its customer base and a high cash burn rate create risks for long-term investors. Furthermore, a low current ratio suggests the company may eventually need to raise more capital, which could dilute shareholders.

Valuation comparisonMetricNavitas SemiconductorRezolve AIP/S ratio94.1x21.2xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Which stock would I buy in 2026?I'd go with Navitas Semiconductor, though I want to be upfront: Neither of these companies is a comfortable pick for most investors. Both are unprofitable, early stage, and asking investors to bet on technologies that are still proving themselves commercially.

Rezolve AI's revenue growth headline is one of the more striking numbers in the market right now. Revenue surged dramatically in the first half of the year, and the company reaffirmed an ambitious full-year outlook. A partnership with Microsoft adds credibility, but the agentic commerce market Rezolve is targeting is still taking shape.

Navitas is a steadier, more grounded company right now. The chips it makes are increasingly in demand for powering AI data centers and clean energy systems, the pivot away from its old consumer electronics business is almost done, and the company has enough cash to keep executing on its vision. I like that the technology moat here is defensible in a way that software platforms often aren't. For a long-term investor comfortable with early stage risk, Navitas offers a clearer technology foundation and a more auditable growth story.

TORRANCE, Calif., Aug. 13, 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 Company will participate and host one-on-one meetings with investors and analysts registered to attend the following upcoming investor conferences:

The stock of next-generation chip company Navitas Semiconductor (NVTS -12.27%) was looking like yesterday's news on Tuesday. Many investors gave the company the heave-ho after disseminating its latest set of quarterly results, which were marked by a big miss on the bottom line. The share price eroded by more than 12% that trading session.

A quarter to forget Navitas published its second-quarter figures after market close on Monday, divulging that it earned revenue of $10.5 million. That was down notably from the $14.5 million in the same quarter of 2025. Net income not under generally accepted accounting principles (non-GAAP, or adjusted) narrowed to $9.3 million ($0.95 per share) from the year-ago deficit of $9.8 million.

Image source: Getty Images.

Analysts tracking the chip stock were expecting a significantly better bottom-line result. While Navitas beat their consensus top-line estimate of $9.8 million, the company missed badly on the average adjusted net loss projection of $0.04 per share.

Focusing on its sequential, rather than year-over-year, revenue growth of 22%, Navitas put a positive spin on its performance. It quoted CEO Chris Allexandre as saying that the quarter's results "demonstrate the increasing traction of our strategic shift to Navitas 2.0 and focus exclusively on high-power markets."

That shift is a move away from low-margin consumer products, such as fast smartphone chargers, toward high-power applications for clients, including artificial intelligence (AI) data center operators.

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Guiding for growth Navitas also proffered guidance for its current (third) quarter. It's expecting $13 million to $14 million in revenue, which would be quite an improvement over the $10.1 million in the same period in 2025. Adjusted gross margin is forecast to land just below 40%; the company did not provide net income guidance.

No investor likes a steep revenue decline or a monster bottom-line miss, especially in the same quarter. Hopefully, for Navitas and its investors, it can execute its business pivot well and start delivering meaningful growth again.

Eric Volkman 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 NVTS highlighted its shift to high-power markets, with AI infrastructure as a central growth driver.NVTS' Q2 revenues rose 22% sequentially to $10.5M, supported by high-power demand.NVTS expects AI infrastructure to exceed one-third of sales by year-end amid growth into 2027. Navitas Semiconductor Corporation (NVTS - Free Report) used its second-quarter earnings call to highlight a major business transition toward high-power markets, with management pointing to AI infrastructure as a central growth driver.

The company outlined progress on its Navitas 2.0 transformation, including stronger revenue momentum, expanding product opportunities, and a shift away from mobile and low-end consumer exposure.

NVTS Targets AI Infrastructure GrowthCEO Chris Allexandre said Navitas has accelerated its transition into a high-power semiconductor company, with revenues increasingly driven by AI data center and energy infrastructure opportunities. He noted that high-power markets grew more than 50% year over year in the quarter.

Allexandre highlighted that second-quarter revenues increased 22% sequentially to $10.5 million, supported by higher demand across high-power markets. The company expects mobile and low-end consumer revenue contribution to become insignificant by year-end.

Management emphasized that AI infrastructure is expected to represent more than one-third of total sales by the end of the year, supporting continued growth momentum into 2027.

Navitas Builds GaN and SiC PositionNavitas said its advantage comes from offering both gallium nitride (GaN) and high-voltage silicon carbide (SiC) solutions across AI power systems. Allexandre said that this combination allows the company to participate across multiple stages of data center power evolution.

NVTS discussed several AI infrastructure opportunities, including AC/DC power supplies, DC/DC conversion systems, battery backup units and future 800V architectures. Management said that these programs involve multiple customers and platforms rather than a single deployment opportunity.

Navitas also introduced additional SiC products, including JFET technology aimed at AI data centers and energy grid infrastructure. Management said the product line expands its addressable market by nearly $1 billion by 2030.

NVTS Advances 800V Data Center RoadmapDuring Q&A, a Needham analyst asked about potential delays to 800V AI data center architectures. Allexandre said that the company’s outlook remains supported by multiple adoption stages, including earlier SiC and GaN opportunities before native 800V systems.

Management described a phased transition, beginning with higher-density AC/DC power systems and progressing toward broader 800V adoption across computing architectures. Allexandre said that the company expects several programs across hyperscalers, OEMs and ODMs to contribute over time.

Navitas also noted that AI infrastructure growth is already occurring ahead of the full 800V transition, with current demand supported by increasing power requirements in data centers.

Navitas Expands Technology and CapacityNavitas continued investing in its technology roadmap, including new SiC products, GaN platforms, and expanded manufacturing partnerships. Management said its partnership with Magnachip supports broader adoption of GeneSiC technology and additional supply chain flexibility.

CFO Tonya Stevens said the company ended the quarter with $557 million in cash and no debt after raising approximately $373 million during the period. The additional capital is intended to support capacity expansion, supply initiatives, and strategic investments.

The company also increased inventory and prepaid expenses to support anticipated AI data center demand and maintain supply readiness for future customer programs.

NVTS Raises Q3 OutlookNavitas guided third-quarter 2026 revenues to $13.5 million, plus or minus $0.5 million, indicating a 28% sequential increase at the midpoint. Management expects growth to come from high-power markets and a continued shift in revenue mix.

Gross margin guidance for the third quarter was set at 39.7%, plus or minus 100 basis points, as the company continues moving toward higher-value products. Operating expenses are expected between $15.5 million and $17.5 million as Navitas increases targeted investments.

The company reported second-quarter non-GAAP loss per share of $0.04, in line with the Zacks Consensus Estimate. Revenues of $10.5 million exceeded the Zacks Consensus Estimate of $10 million.

Navitas Focuses on Execution AheadManagement said that the Navitas 2.0 transformation is substantially complete, with the focus shifting toward execution, scaling operations and progressing toward profitability. Allexandre emphasized that growth opportunities span multiple customers, platforms and power applications.

The company’s near-term priorities remain revenue expansion, gradual gross margin improvement, and disciplined investment in products supporting AI infrastructure demand.

Zacks Signals Point to a Balanced ViewNVTS carries a Zacks Rank #3 (Hold) at present, which indicates the stock currently has a neutral Zacks Rank classification. The Zacks Rank focuses on earnings estimate revisions and can change as analysts update their outlook following new financial information. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The company currently has a Momentum Score of A, a Growth Score of C, a Value Score of F and a VGM Score of D. The Zacks Style Score evaluates value, growth, momentum and combined characteristics, with higher grades representing stronger relative attributes within each style category.

Navitas Semiconductor (NASDAQ: NVTS) shares fell about 10% in premarket trading on Tuesday after investors focused on the company's large GAAP net loss, despite second-quarter revenue topping Wall Street expectations.

The power semiconductor company reported an adjusted loss of $0.04 per share for the second quarter, matching analyst estimates.

Revenue rose sequentially to $10.53 million from $8.6 million in the first quarter, exceeding consensus expectations of approximately $9.84 million to $10 million.

On a GAAP basis, Navitas posted a net loss of $228.2 million, or $0.95 per share, compared with a net loss of $33.8 million in the prior quarter.

The company said the result included a non-cash charge of $203.1 million related to the final remeasurement of earnout liabilities. Excluding certain items, non-GAAP net loss was $9.3 million.

Navitas CEO Chris Allexandre wrote that the quarter's performance reflected the company's transition toward higher-power markets, highlighting growing demand tied to artificial intelligence infrastructure.

“With the rapid adoption of AI, we are seeing accelerated market demand to overcome critical power bottlenecks in AI infrastructure, both within AI data centers as well as the requisite grid and energy infrastructure needed to power them,” Allexandre said.

“By the end of the year, Navitas will complete its transition with revenue from mobile and low-end consumer being insignificant and nearly all sales coming from high-power markets.”

The company said high-power markets grew more than 50% year over year and expects AI infrastructure, including AI data centers and grid and energy infrastructure, to account for more than one-third of total sales by the end of 2026.

For the third quarter, Navitas forecast revenue of $13.5 million, plus or minus $0.5 million, implying approximately 28% sequential growth at the midpoint and a return to year-over-year revenue growth. The company also projected non-GAAP gross margin of about 39.7%, plus or minus 100 basis points.

Jefferies wrote that the results showed the company's "Navitas 2.0" transformation is running roughly a quarter ahead of schedule, citing stronger-than-expected second quarter revenue, expanding margins and guidance for a return to year-over-year growth in the third quarter.

The firm noted that near-term growth is being driven by silicon carbide products used in AC/DC power supplies, which it said reduces dependence on the timing of the industry's transition to 800-volt architectures.

The analysts added that while the company's dual gallium nitride and silicon carbide portfolio positions it across multiple AI infrastructure applications, the larger opportunity from 800-volt gallium nitride designs remains a late-2027 to 2028 story, with market share gains in a competitive field still a key question.

Navitas Semiconductor Corporation (NVTS - Free Report) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.04, delivering a surprise of +20%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Navitas Semiconductor, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $10.53 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.82%. This compares to year-ago revenues of $14.49 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Navitas Semiconductor shares have added about 52.9% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for Navitas Semiconductor?While Navitas Semiconductor has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Navitas Semiconductor was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $11.38 million in revenues for the coming quarter and -$0.17 on $42.85 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Qualcomm (QCOM - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.

This chipmaker is expected to post quarterly earnings of $2.22 per share in its upcoming report, which represents a year-over-year change of -19.9%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.

Qualcomm's revenues are expected to be $9.71 billion, down 6.3% from the year-ago quarter.