On August 4, Navitas Semiconductor Corp rose 8.68% in regular trading, trading at $12.325/share, with turnover of $35.25 million. The rally was driven by the continued market reaction to the company's Q2 earnings beat and significantly above-consensus Q3 revenue guidance.

Navitas reported Q2 revenue of $10.53 million, surpassing the analyst consensus of $9.97 million, while adjusted EPS of -$0.04 matched expectations and narrowed from -$0.05 a year earlier. More notably, Q3 revenue guidance of $13.5 million (plus or minus $500K) exceeded the Street estimate of $11.1 million by approximately 21.6%. Management highlighted that \"power bottlenecks\" in AI infrastructure are accelerating demand, with select hyperscale data center customers and XPU platforms expected to see meaningful volume ramps next year.

Additionally, the company recently announced a strategic partnership with MagnaChip Semiconductor to license its GeneSiC technology for 1200V to 3300V+ SiC devices, expanding its footprint in industrial, energy, and EV markets.

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