On November 4, Navitas Semiconductor Corp rose 10.28% in Regular Trading, trading at $8.987/share, with turnover of $66.0516 million. The move followed a quarterly report that exceeded expectations and a fourth-quarter outlook that also came in ahead of consensus, reinforcing investor focus on growth in higher-power markets.

For the third quarter, revenue was $14.0 million, above expectations near $13.4 million, while adjusted loss per share was $0.03, better than the expected $0.04 loss. The company guided fourth-quarter revenue to $15.5 million-$16.5 million, versus market expectations around $15.1 million, and projected adjusted gross margin of about 40.5%, up from 40.0% in the third quarter. Adjusted operating loss narrowed to $10.9 million from $11.4 million in the prior quarter.

Additional support came from a same-day analyst upgrade to Buy from Neutral, while recent company developments have highlighted AI data-center power, silicon carbide, and acquisition integration progress.

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