Navitas Semiconductor Receives Analyst Upgrades from Craig-Hallum and Rosenblatt
Navitas Semiconductor received 'Buy' rating upgrades from Craig-Hallum and Rosenblatt, driven by strong AI infrastructure demand and recent quarterly performance.
Stocks · News reference
Rosenblatt Securities has upgraded its rating for Navitas Semiconductor (NVTS) from Neutral to Buy.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Navitas Semiconductor received 'Buy' rating upgrades from Craig-Hallum and Rosenblatt, driven by strong AI infrastructure demand and recent quarterly performance.
Needham maintained its Buy rating on Navitas Semiconductor while adjusting its price target to $15 from $21.
Navitas Semiconductor reported its third quarter 2026 financial results, highlighting 33% sequential revenue growth and providing guidance for the fourth quarter.
Navitas Semiconductor reported 38% Q3 revenue growth to $14.0 million, driven by high-power AI data center chips, with shares rising 5% after-hours. However, Q4 guidance shows operating costs jumping 50% due to the Claros acquisition, indicating losses will widen before narrowing. Cash more than doubled to $531.5 million, though the source remains unexplained.
Filed: 2026-11-03 AccNo: 0001628280-26-069489 Size: 2 MB Item 2.02: Results of Operations and Financial Condition Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Navitas Semiconductor is positioning itself to capitalize on Nvidia's shift to 800-volt data centers, targeting a return to year-over-year revenue growth. With a newly demonstrated power-conversion board and substantial cash reserves, the company faces a critical financial test as it pursues this AI data-center opportunity.