On August 4, Navitas Semiconductor Corp rose 8.24% in regular trading, trading at $11.7313/share, with turnover of $102 million. The rally was driven by continued market reaction to the company's Q2 earnings report and Q3 revenue guidance that substantially exceeded analyst expectations.

Navitas reported Q2 revenue of $10.53 million, beating the consensus estimate of $9.97 million, while adjusted loss per share of $0.04 was in line with expectations. More notably, the company guided Q3 revenue to $13.5 million (plus or minus $500,000), far surpassing the Street estimate of $11.1 million — representing over 20% upside to consensus.

Management highlighted that power bottlenecks in AI infrastructure are accelerating demand for the company's GaN and SiC power solutions, with certain hyperscale data center customers and XPU platforms expected to see significant volume ramp in 2027. Additionally, the company recently entered a strategic partnership with MagnaChip Semiconductor for high-voltage SiC technology licensing spanning 1200V to 3300V+ devices, expanding its industrial and energy sector footprint.

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