Key Highlights

  • NVTS shares were trading up 8.20% at $8.58 from a prior close of $7.93.
  • Third-quarter results are due after the close today.
  • Consensus calls for a $0.04 loss per share on roughly $13.5 million of revenue.

Navitas Semiconductor (NASDAQ:NVTS) was trading up 8.20% at $8.58 in today's regular session, a gain of $0.65 from the prior close of $7.93, on Volume of about 12.5 million shares, as chip stocks rebound from a sector-wide selloff. The company reports third-quarter results after the close today, with a conference call hosted by CEO Chris Allexandre and CFO Tonya Stevens.

Navitas, a Torrance, California-based fabless power semiconductor company founded in 2014, designs GaNFast gallium nitride power ICs and GeneSiC silicon carbide devices, along with silicon system controllers and digital isolators. Under the Navitas 2.0 strategy, it is moving away from mobile and consumer charging toward higher-power markets including AI data centers, energy and grid infrastructure, performance computing and industrial electrification. Manufacturing is outsourced, which keeps Capital spending low. It has 190 employees and about $36.5 million of trailing revenue.

What the Report Needs to Show

Consensus calls for a loss of about $0.04 per share on roughly $13.5 million of revenue. Attention is on whether fourth-quarter guidance, with cash burn near $15 million, can support the AI Data Center power pivot, including 800V work with NVIDIA (NASDAQ:NVDA) and a design with Microchip Technology (NASDAQ:MCHP). Revenue depends on converting design wins into volume production.

Share Price Context

Shares jumped about 9.5% to $8.69 earlier in the session, ahead of the semiconductor group's gain of roughly 3.5%. The stock remains near its 52-week low and about 73% below its June high. The 52-week range is $6.85 to $34.17 and trailing Earnings are negative $0.19 per share. Concerns on the list are heavy dilution and a breakeven revenue level far above current sales.

Fourth-Quarter Guidance and Design Win Conversion Are the Next Markers

Navitas is trading higher into its third-quarter report. The next items to follow are results and fourth-quarter guidance after the close today, the conversion of AI data center design wins into volume production and the path of cash burn.