Navitas Jumps on AI Data Center Power Packages, Names New CFO

Overview

• Shares rose about 25% to close at $10.84 after Navitas unveiled two 5th‑generation GeneSiC packages targeting AI data centers and other high‑power uses.
• The top‑side‑cooled QDPAK routes heat directly to a heatsink to boost thermal performance and enable smaller systems, while the low‑profile TO‑247‑4L is designed for racks with tight vertical clearance.
• Navitas appointed Tonya Stevens as chief financial officer effective March 30, succeeding Todd Glickman and bringing finance leadership experience from Lattice Semiconductor.
• The company frames these steps within Navitas 2.0, pivoting from mobile toward AI data centers and energy infrastructure, with Q1 2026 revenue guided to $8.0 million–$8.5 million and year‑end cash of $236.9 million after a $95.6 million raise.
• Navitas continues to accelerate its GaN and SiC roadmap and has a long‑term GlobalFoundries partnership targeting U.S. GaN production capacity by late 2026.