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Price · 1Y
$11.84
Thesis
Navitas is a fabless wide-bandgap power-semiconductor company — gallium nitride (GaNFast) plus silicon carbide (GeneSiC) — positioned for AI data-center power, including the industry's move toward 800V high-voltage DC distribution, where it has a high-profile collaboration with NVIDIA. The technology is proven and the fabless model carries high gross-margin potential at scale.
The open question is scale itself. Trailing revenue is only about $40M against a multi-billion-dollar market cap (on the order of 150× sales), and roughly 59% of revenue flows through a single AI-infrastructure distributor. This is the highest-beta way to play AI power: large upside if it converts the design pipeline into volume, severe downside on the concentration and valuation if the ramp disappoints.
Catalysts
- 800V HVDC data-center design-ins converting to volume
- Revenue scale versus the current ~$40M base
- Customer / distributor diversification
- Path toward profitability on the fabless model
Recent events
Material filings, federal awards, and regulatory activity. Impact is scored against market cap.
- Sep 21OtherSEC
8-K filed with items 1.01 and 9.01 disclosing entry into material definitive agreement.
- Sep 8M&ASEC
Filed Form S-4 registration statement.
- Aug 25OtherSEC
8-K filing (items 1.01, 7.01, 9.01) disclosing entry into material definitive agreement.
- Jul 27Financial resultsSEC
Navitas Semiconductor files 8-K (items 2.02, 7.01, 9.01) disclosing financial results.
- Jul 8OtherSEC
8-K filed (items 7.01, 9.01) for Reg FD disclosure and exhibits.
- Jun 15OtherSEC
Navitas Semiconductor filed 8-K item 8.01 other events on 2026-06-15.
- Jun 9LeadershipSEC
8-K item 5.02 filing on officer or director changes.
- Jun 8Securities offeringSEC
Navitas Semiconductor files S-3ASR automatic shelf registration statement.