Navitas Semiconductor Reports Q3 Revenue Growth and Projects AI Infrastructure Expansion
Navitas Semiconductor (NVTS) reported third-quarter revenue of $14 million, representing a 33% sequential increase and a 38% year-over-year rise. This performance marks the company's first quarter of year-over-year growth since 2024, meeting the high end of previous guidance. Looking ahead, management has guided Q4 revenue to approximately $16 million. The company highlighted significant long-term tailwinds in the AI sector, anticipating that AI infrastructure demand will more than triple by 2027.
Tickers: $NVTS
Topics: financial results quarterly earnings revenue growth
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