Navitas Semiconductor Corp (NASDAQ:NVTS) shares are soaring on Wednesday after it reported fourth‑quarter revenue that topped expectations and issued first‑quarter guidance above analyst estimates.
Stronger‑Than‑Expected Results, Upbeat Guidance
Navitas posted a quarterly loss of 5 cents per share, in line with analyst expectations. Revenue came in at $7.30 million, beating the consensus estimate of $6.95 million by 5%.
For the first-quarter, the company expects revenue between $8.0 million and $8.5 million, well above the $7.345 million estimate.
"We closed out the year with a productive fourth-quarter, as we continued to accelerate our pivot to Navitas 2.0 and align the entire organization's focus on addressing high‑power markets with our industry‑leading GaN and high‑voltage SiC solutions," said president and CEO Chris Allexandre.
For the first time in company history, high‑power markets accounted for the majority of revenue, while mobile dropped to less than 25%. Navitas is targeting fast‑growing segments such as AI data centers, grid and energy infrastructure, performance computing and industrial electrification — a combined $3.5 billion serviceable market by 2030.
Return to Growth Expected
Looking ahead, Navitas expects sequential top‑line growth beginning in the first quarter, driven by rising contributions from high‑power markets and reduced exposure to mobile and consumer categories.
The company also highlighted its successful November 2025 private placement, which generated $95.6 million in net proceeds to support its transition into higher‑power markets.
NVTS Price Action: Navitas shares were up 25.30% at $10.35 at the time of publication on Wednesday, according to Benzinga Pro.
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