Overview
- Shares fell 35.1% in November, according to S&P Global Market Intelligence, as investors questioned the durability of AI spending.
- The stock was still up about 165% for 2025 at the time of the latest report.
- Management is exiting lower-margin consumer segments to focus on high-power GaN and SiC products for AI data centers and other infrastructure, citing growing hyperscaler interest.
- Analysts project revenue of roughly $45 million in 2025 and $36 million in 2026, followed by a rebound to $66 million in 2027 and $130 million in 2028.
- Navitas is working with Nvidia on 800V HVDC data-center power solutions that management expects to contribute meaningfully starting in 2027.