Navitas Semiconductor Corporati (NVTS) Stock Price & How to Invest

Navitas Semiconductor is a power-semiconductor company focused on next-generation materials: gallium nitride (GaN) and silicon carbide (SiC). These wide-bandgap materials switch faster and run more efficiently than traditional silicon power chips, enabling smaller, cooler, and more power-dense designs. Navitas makes money selling GaN power ICs and SiC devices into chargers and adapters for phones and laptops, data center power supplies, solar and energy storage inverters, electric vehicles, and consumer appliances. The company integrates control, drive, and protection circuitry onto its GaN chips, which it markets as a system-level advantage over discrete components. Founded in 2013 and headquartered in Torrance, California, Navitas is a smaller, growth-stage player whose story centers on the AI data center power transition, where rising rack power densities are pushing the industry toward GaN and SiC for higher efficiency.

The 2026 story is a deliberate reset. Under its "Navitas 2.0" plan announced in 2025, the company is exiting the mobile and low-end consumer charger business that once drove most of its sales and refocusing on high-power markets: AI data centers, energy, and grid infrastructure. That exit is why revenue fell from about $83 million in 2024 to about $46 million in 2025, and trailing twelve-month revenue is now about $37 million. Quarterly revenue has started to climb again from a low of about $7.3 million in the fourth quarter of 2025 to about $8.6 million in the first quarter and $10.5 million in the second quarter of 2026, though the second quarter was still down about 27% year over year. Management guided to roughly 28% sequential growth for the third quarter. In October 2026 Navitas unveiled a 24 kW, 800V-to-12V DC-DC power delivery board developed with NVIDIA for the MGX ecosystem and completed its acquisition of Claros. CEO Chris Allexandre leads the company. The balance sheet is a cushion: about $557 million of cash against roughly $5 million of debt as of mid-2026.

Navitas is small, unprofitable, and competes against far larger and better-capitalized incumbents (Infineon, onsemi, STMicroelectronics, Texas Instruments) that also sell GaN and SiC. Much of the bull case rests on data center design wins, including the NVIDIA 800V work, that are early-stage and may not convert to material revenue on the expected timeline. The exit from mobile chargers means revenue is in a trough: second-quarter 2026 revenue of about $10.5 million was down about 27% year over year, and the quarter's net loss of about $228 million was far larger than its $27.2 million operating loss, so items outside operations swung reported results. Trailing net losses total about $313 million on about $37 million of revenue, and the stock trades near 62 times trailing sales. Customer concentration and the capital intensity of scaling can pressure results. As a smaller-cap, story-driven stock it is highly volatile: shares fell from a 52-week high near $34 to $8.65 by October 16, 2026, down about 32% in three months alone.

8 analysts publish price targets on NVTS, averaging $14.07 against a $8.34 price as of October 2026, or +68.7%. The published targets run from $8.00 to $21.00, a wide spread, and the ratings split 2 buy, 5 hold, 1 sell. Over the last six months there have been 3 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full NVTS forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Navitas Semiconductor Corporati. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. AI data center power. Rising AI server rack power (tens of kilowatts and climbing) is forcing a redesign of data center power delivery toward higher voltages and higher efficiency. The most optimistic published target, $21.00, assumes this works close to its best case.

The case against. Navitas is small, unprofitable, and competes against far larger and better-capitalized incumbents (Infineon, onsemi, STMicroelectronics, Texas Instruments) that also sell GaN and SiC. The most pessimistic target, $8.00, is roughly what NVTS is worth if this bites instead.

Read the full bull and bear case on NVTS, including what would have to change to break either one. Walnut is not an investment adviser.

No. Navitas Semiconductor Corporati (NVTS) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Navitas Semiconductor Corporati's investor relations page or your broker.

• Revenue (TTM): ~$37 million
• Revenue growth (Q2 2026, YoY): ~-27% (mobile charger exit); +22% sequentially
• Gross margin (TTM): ~38%
• Operating margin (TTM): deeply negative (~-255%)
• Net income (TTM): ~-$313 million
• Market cap: ~$2.3 billion (~$8.65 per share)
• Price / sales (TTM): ~62x
• Dividend: none

Navitas trades as a growth and theme stock rather than on current earnings: at about 62 times trailing sales, the price assumes the data center and energy markets replace the exited charger business many times over. Analysts expect losses to continue (about -$0.15 per share in 2026 and -$0.13 in 2027) while revenue grows toward about $74 million in 2027. With roughly $557 million of cash, a large share of the roughly $2.3 billion market cap is balance sheet, and the November 3 third-quarter report (consensus about $13.5 million of revenue) is the next check on the guided 28% sequential growth.

Other names that sit close to NVTS: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get NVTS exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so NVTS sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where NVTS fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Navitas (NVTS) is an early-stage, unprofitable power-chip company valued on future GaN and SiC adoption and AI data center design wins rather than its small current revenue (about $37 million over the trailing twelve months, against a market cap near $2.3 billion). In a portfolio it behaves as a volatile, small-cap option on the wide-bandgap power transition, sharply sensitive to AI-power sentiment (the shares fell about 24% in the month to October 16, 2026) and competing against far larger incumbents like Infineon, onsemi, STMicroelectronics, and Wolfspeed.

Whether NVTS is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NVTS a buy or a sell?, and where the stock could go from here in the NVTS stock forecast.

For income investors, whether NVTS pays a dividend and how the payout looks is covered in does NVTS pay a dividend? And to weigh NVTS against a peer, read the full side-by-side comparisons: NVTS vs POWI and NVTS vs TXN.