Movement Alert|Navitas Semiconductor Corp Rises 8.89% in Regular Trading, Q3 Revenue Guidance Significantly Beats Expectations Fueling Continued Rebound

Market Focus07-30

On July 30, Navitas Semiconductor Corp rose 8.89% in regular trading, trading at $10.62/share, with turnover of $12.467 million. The stock extended its rebound momentum from the prior session as the market continued to digest the company's strong Q3 revenue guidance.

On the news front, the company's Q3 revenue guidance of $13.5 million significantly exceeded the analyst consensus estimate of $11.1 million by approximately 22%. While Q2 revenue of $10.5 million declined 27.6% year-over-year, the forward outlook surprised to the upside. Management highlighted that power bottlenecks in AI infrastructure are accelerating demand for its GaN and SiC power devices. Additionally, the company recently established a strategic partnership with MagnaChip Semiconductor, securing Genesic technology licensing to target the 1200V to 3300V and above high-voltage SiC device market.

The stock had fallen over 11% on July 28 following Morgan Stanley's target price cut from $13.70 to $12.60 with an Underweight rating. The consecutive rebound reflects the market repricing the company's forward guidance above near-term earnings headwinds.

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