New York, February 26, 2026, 07:47 ET — Premarket
- NVTS jumped 19.6% on Wednesday’s close, holding steady in early Thursday premarket action.
- Navitas projected first-quarter revenue between $8.0 million and $8.5 million, noting that high-power markets now make up most of its quarterly sales.
- The company said its CFO is leaving. CEO Chris Allexandre is set to speak March 3 at a Morgan Stanley conference.
Navitas Semiconductor Corp held steady in Thursday’s premarket, following a sharp 19.6% jump the previous day as traders responded to management’s message on sequential revenue gains. At 7:43 a.m. ET, shares were indicated at $9.88, matching Wednesday’s close. (Investing.com)
This shift is significant—Navitas wants to swap its legacy in mobile fast charging for a shot at the broader, higher-stakes world of AI data centers, grid buildouts, and industrial electrification. Those sectors? Longer design timelines, unpredictable revenue. Investors have been watching Navitas shares closely to gauge if this transformation is actually taking hold or if it’s just talk.
The competition isn’t light, either. Navitas, in its annual filing, flagged Infineon as a major player in gallium nitride, while Wolfspeed, onsemi, and STMicroelectronics showed up as big names on the silicon-carbide side. (SEC)
Navitas turned in $7.3 million in fourth-quarter revenue Tuesday and expects the first quarter to come in between $8.0 million and $8.5 million—up from last period. “High-power markets contributed a majority of revenue,” said president and CEO Chris Allexandre, highlighting a “return to top-line sequential growth beginning in the first quarter”; in other words, revenue is rising compared to the previous quarter. The company disclosed a $16.6 million restructuring and impairment charge for the quarter and ended the year with $236.9 million in cash and cash equivalents, thanks in part to a private placement in November. Guidance puts non-GAAP gross margin at 38.7%, give or take 25 basis points (0.25 percentage point). (GlobeNewswire)
That day, Navitas announced it had agreed with finance chief Todd Glickman on his exit. Glickman will stay on for a while to help with the transition as the company looks for a new CFO and treasurer.
Rosenblatt Securities cut its price target on Navitas to $7, down from $8, while sticking with a neutral rating, according to MarketBeat, which referenced Benzinga. (MarketBeat)
Navitas is teeing up another update soon. Allexandre will appear for a fireside chat at Morgan Stanley’s Technology, Media & Telecom Conference in San Francisco, set for March 3 at 12:20 p.m. Pacific. Investors can catch the webcast on the company’s IR site. (GlobeNewswire)
Even so, calling this a straightforward recovery would be a stretch. Revenue sits far below last year’s levels, losses haven’t narrowed much, and the company’s strategy is tied to adoption cycles in data centers and grid equipment—factors that can shift for reasons unrelated to how well the chips perform.
Thursday’s regular session will test if the initial jump after results sticks, or if the early quiet paves the way for real buying—or just some fast profit-taking. After that, it comes down to evidence: design wins actually turning into shipments, and margins nudging up as more of those higher-power products enter the mix.
