Semiconductor firm Navitas forecasts $13.5M Q3 revenue, with AI infrastructure driving over a third of sales by year-end.
Navitas Semiconductor projected $13.5M in Q3 revenue, reflecting a 22% sequential increase from Q2 2026. The company cited growth in high-power markets and a strategic shift toward AI infrastructure as key drivers.
Management expects AI-related sales to account for more than one-third of total revenue by year-end, up from prior guidance. Q2 results showed progress in its Navitas 2.0 transformation, though specifics on profitability or margin trends were not disclosed.
Shares remained stable in after-hours trading, with investors awaiting further details on execution risks and market demand.