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Navitas Semiconductor Announces Third Quarter 2026 Financial Results with revenue up 38%

FROM THE WIRE · GLOBENEWSWIRE.COM

Total revenue grew 33% sequentially and 38% year-over-year, driven by high-power markets and contributing to continued gross margin expansion Anticipate another quarter of double-digit sequential growth in the fourth quarter to represent the highest quarterly revenue in the past…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong growth driven by AI in power semiconductors is relevant for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Total revenue grew 33% sequentially and 38% year over year.
  2. 02Growth is driven by high-power markets and AI infrastructure.
  3. 03The fourth-quarter guidance midpoint implies full-year growth of 7%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Navitas Semiconductor CorpNVTSStock8.56 USDMarket closedtoday +7.94%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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