Navitas Semiconductor Corp. (NASDAQ:NVTS) reports second-quarter results after Monday’s close, with the semiconductor maker facing pressure to stop a month-long slide.
- NVTS stock is up ahead of earnings. See the chart and price action here.
Consensus calls for revenue of $9.97 million and losses per share of four cents, according to estimates from Benzinga Pro.
Options pricing implies an expected move of 15.46% around the report, well above the stock’s typical single-session swing and signaling traders expect another volatile reaction regardless of direction.
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The stakes are elevated because shares have already fallen hard. Navitas dropped from a June 30 close of $17.92 to $10.92 by last Friday, a decline of 39.06% in less than a month, touching an intraday low of $10.74 on July 17.
The sell-off has been driven by a patent infringement lawsuit filed by rival Wolfspeed and broader concerns about power semiconductor demand.
Navitas has struggled to satisfy Wall Street on the bottom line even when revenue comes in ahead of forecasts. In the first quarter, the company posted actual revenue of $8.6 million against a consensus estimate of $8.2 million, a top-line beat.
Earnings per share came in at a loss of eight cents versus a consensus estimate for a loss of five cents, a miss that helped drive shares down 4.96% the following session.
The pattern shows investors have been more sensitive to earnings quality than revenue growth alone heading into tonight’s print.
Experts Weigh In
Wall Street sentiment has turned cautious in the second quarter. Of the nine analysts covering the stock, three rate it Buy, five rate it Hold, and one rates it Sell, giving Navitas a consensus rating of Buy despite the split.
The average consensus price target sits at $9, implying a downside of 17.4% from current levels, according to Benzinga data — a shift from the bullish targets analysts held in the first quarter and a signal that some on the Street see further room to fall even before tonight’s numbers land.
The setup leaves Navitas at a pivotal moment. A revenue beat paired with a narrower loss could stabilize sentiment and slow the drawdown. Another EPS miss, however, could extend the month’s steep slide and test the stock’s 52-week low of $5.44.
NVTS Stock Price Activity: Navitas Semiconductor shares were up 1.56% at $11.09 at the time of publication on Monday, according to data from Benzinga Pro.
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