Movement Alert|Navitas Semiconductor Corp Intraday Rise 10.28% in Regular Trading, Q3 Results and Q4 Outlook Beat Expectations

Market Focus
Yesterday

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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10