Navitas Semiconductor posts 33% revenue growth in Q3 2026, driven by AI infrastructure and high-power markets.

Navitas Semiconductor reported a 33% sequential and 38% year-over-year revenue increase in Q3 2026, reaching $14 million, fueled by growth in AI infrastructure and high-power markets. The company is shifting focus away from mobile and low-end consumer markets, expecting these to be nearly eliminated by year-end. With AI data centers and grid infrastructure now representing over 40% of sales, Navitas anticipates continued momentum and double-digit growth into Q4 2026, aiming for a full-year revenue growth of 7%. The recent acquisition of Claros enhances their technology portfolio for AI power delivery, positioning Navitas for long-term growth in next-generation power semiconductors.

Navitas Semiconductor's market cap stands at $2.08 billion as of Nov 04, 2026 04:27 WIB, reflecting strong investor interest amid its strategic shift towards AI infrastructure and high-power markets. The stock price on Pluang is $8.85, up 11.60% in the last day, supported by a trading volume of 11,660,355 shares. This momentum aligns with the company's recent revenue growth and acquisition moves, positioning it well for future expansion.