$NVTS up +12.5% over the last 48 hours after Q3 beat — the "Navitas 2.0" pivot into AI Data Centers is actually happening
Anyone who held $Navitas Semiconductor Corp(NVTS)$ through that brutal October bleed from $12 down to $7.91 finally got some validation over the last two days. The stock jumped nearly 8% on Tuesday into the close ($8.56), beat Q3 numbers Tuesday night, and popped as high as $9.55 on Wednesday morning before settling around $8.93 (+4.3% today) on big volume.
For the last year, the bear case on Navitas was that they were stuck selling low-margin GaN chips for cheap phone chargers. Look at what CEO Chris Allexandre just laid out on the Q3 call:
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Bye-bye phone chargers, hello AI data centers: By the end of Q4, low-end mobile/consumer revenue will be basically 0% of their business, while AI Data Centers and Grid Infrastructure will pass 40% of total sales.
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High-power is ramping fast: Q3 revenue grew 33% sequentially (+38% YoY) to $14.0M, high-power revenue jumped over 50% in a single quarter, and they guided Q4 up another 14% QoQ to $15.5M–$16.5M (which means full-year high-power sales are up 125%).
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Massive cash cushion: They are sitting on $531.5 million in cash (up from $237M at the end of last year), so dilution/bankruptcy fears are off the table.
How I’m trading the chart this week:
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Current price: ~$8.93
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Key support that just held: $8.52 – $8.60 (it dipped right to Tuesday's $8.56 close around 11 AM today and buyers immediately stepped in)
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Breakout trigger: Clearing Wednesday’s morning high at $9.56
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My stop: Daily close below $7.90 (Monday’s low)
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Targets: $9.55 retest first, then $10.50–$11.30 if semis stay strong.
Did you guys take profits on the morning pop to $9.55, or holding for a run back over $10?
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The target is not a broad, current verdict. It is based on just seven analysts, with a wide $8–$20 range. At the 2026-11-06 close of $7.86 , the $13.10 mean implies 66.7% upside (calculator result), but the low target is only $8—effectively where the stock traded. Rating distribution is constructive but not unanimous: four Buy/Strong Buy, two Holds and one Underperform.
The Q3 beat was real, but from a low revenue base.
Navitas Semiconductor (NVTS)
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delivered Q3 2026 revenue of $14.0 million , up 38.4% YoY and 32.9% QoQ , versus about $13.2 million expected; adjusted EPS of -$0.03 also beat the -$0.04 estimate. Q4 revenue guidance of $15.5–$16.5 million imp