On August 7, Navitas Semiconductor Corp rose 8.39% in regular trading, trading at $13.35/share, with turnover of $51.93 million. The stock continues to be catalyzed by its Q2 earnings report and strong Q3 guidance released on July 27.

The company reported Q2 revenue of $10.53 million, beating the consensus estimate of $9.97 million, while adjusted EPS of -$0.04 was in line with expectations. More notably, Q3 revenue guidance of $13.5 million far exceeded the analyst estimate of $11.1 million, representing a 21.6% upside surprise. Management highlighted that \"power bottlenecks\" in AI infrastructure are driving accelerated demand, with significant volume growth expected from hyperscale data center customers and XPU platforms next year. Additionally, the company recently secured a strategic partnership with MagnaChip Semiconductor for high-voltage silicon carbide technology licensing, expanding its reach into industrial and energy applications.

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