Overview
- Navitas shares have climbed about 110% in under four months, lifting the price-to-sales multiple to roughly 74x.
- The jump followed Q1 2026 revenue guidance that beat forecasts and signaled a return to sequential growth.
- Recent results remain weak, with revenue down about 45% year over year, operating margins near -195%, and free cash flow around -97%.
- The company makes gallium nitride and silicon carbide power chips for AI data centers and EVs, which the articles say can cut energy loss by up to 40% versus standard silicon.
- May 5 Q1 results will test a reported $2.4 billion design-win pipeline as incumbents like STMicroelectronics press hard on price.