Navitas Semiconductor is trading 6.07% higher in after-hours trading at $9.08 after its November 3 earnings release reported third-quarter revenue growth.
- Revenue was $14.0 million, up 33% sequentially and 38% year over year, with growth driven by high-power markets.
- The company expects another quarter of double-digit sequential growth in Q4; AI infrastructure is expected to exceed 40% of sales by year-end.