🟢 Navitas Semiconductor is trading 4.4% up after Q3 revenue beat

Navitas Semiconductor is trading at $9.11, up +4.44% on November 4, with the Q3 revenue beat and Q4 outlook the clearest company-specific catalysts.

• November 3 Q3 revenue was $14.0 million, above analyst expectations.
• Management forecast Q4 revenue of $16.0 million ± $0.5 million; AI infrastructure is expected to exceed 40% of year-end sales.
• Shares initially dipped overnight despite the report. Semiconductor strength added support, with SOXX up 2.95% during the regular session.