Navitas Projects $13.5M Revenue for Q3 as AI Infrastructure Sales Target Over One-Third of Total by Year-End
Navitas Semiconductor (NASDAQ:NVTS) is projecting revenue of $13.5 million in the third quarter, with management highlighting progress under its 'Navitas 2.0' strategic transformation. CEO Chris Allexandre noted a sequential 22% increase in Q2 revenue and stronger-than-expected guidance for Q3. The company emphasized growth in high-power markets as part of this transition. A key focus area is AI infrastructure, where Navitas aims to have sales account for more than one-third of total revenue by the end of the year. This shift reflects a broader industry trend toward increased demand for power solutions supporting artificial intelligence and data center technologies.
Tickers: $NVTS
Topics: revenue_growth semiconductors strategic_transformation