NVTS
Navitas Semiconductor Corporation

Navitas Semiconductor CorporationNVTS

Technology · Semiconductors
8.61USD
+9.54%
Nov 09, 2026
NVTS overview ready
Supplier of power-semiconductor components for AI data-center power systems
Navitas is an upstream power-semiconductor component supplier to high-density AI data-center power-conversion architectures, rather than a provider of complete power or cooling systems.
Primary theme is lagging
Power Semiconductors is lagging (-17.6pp vs SPY over 21 sessions; 0 of 7 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Fundamentals not measured
Primary risk
Declining revenue growth.
Market Nov 6Filing Sep 30Price action Nov 8Research Aug 1

Conviction Level

PriceAction1.4BusinessPerformance5.0BusinessQuality—Valuation0.3ThemeMomentum1.0Mixed — Revenue growth has accelerated across 4 consecutive quarters, rising from -59% to +38% year over year. The company is still loss-making: the diluted loss per share widened to -$0.14 from -$0.09 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−17.6pp
Theme return
−22.6%
Beating SPY
0 of 7
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$1.6B
Avg Volume (60D)
14.9M
60 sessions
Revenue Growth YoY
-44.9%
FY2025 vs FY2024
Gross Margin
+38.6%
Operating Margin
-323.5%
Trailing twelve months
Free Cash Flow Yield
-4.8%
Distance from 200DMA
-35.1%
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue growth has accelerated across 4 consecutive quarters, rising from -59% to +38% year over year. The company is still loss-making: the diluted loss per share widened to -$0.14 from -$0.09 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+38%
$14.0M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. -59%
  2. -39%
  3. -27%
  4. +38%
Earnings growthLoss widening
-$0.14
Diluted EPS -$0.14 vs -$0.09 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginContracting
-245.7%
-53.7 pp YoY
The business is consuming cash
The share count is rising

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Navitas Semiconductor Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

What changed

  • NVTS rose 9.5% in one session
    NVTS closed +9.5% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Navitas is an upstream power-semiconductor component supplier to high-density AI data-center power-conversion architectures, rather than a provider of complete power or cooling systems. The exposure is adjacent rather than pure-play: the company sells into the same demand, alongside a broader business.
Opportunity
High opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Declining revenue growth.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductors
What they do

Navitas Semiconductor designs, develops, and markets power semiconductor components primarily for power conversion and charging applications across multiple global regions.

How it earns

The company generates revenue through transactional sales of semiconductor products to OEMs and electronics manufacturers.

Products & services
Gallium nitride power integrated circuits
Silicon carbide power devices
Silicon system controllers
Digital isolators
Customers & end markets
Automotive manufacturers
Data center operators
Mobile device makers
Consumer electronics companies
Market position

Niche supplier specializing in gallium nitride and silicon carbide power semiconductor components.

Demand drivers
Medium cyclicality

Demand is influenced by capital spending cycles in automotive, data center, and consumer electronics markets.