Curious about today's AI digest?ai-tldr.dev
Pomegra LogoPomegra

Daily Digest

BriefMarket · mixedLow impact
Esc

Navitas Stock Jumps 20% After-Hours on US Army Award

Navitas Semiconductor via GlobeNewswire / Yahoo Finance2 min read6 sources

Why did Navitas stock jump 20%?

Navitas Semiconductor (NVTS) stock jumped 20% in after-hours trading on Monday, from a $11.73 close, after winning a US Army award to develop 10 kV silicon carbide chips.

Key numbers

After-hours move (Mon)+20%from $11.73 close
Tuesday open$12.81+9% vs prior close
Tuesday late-morning price$11.96+2% on the day
Stock YTD+64.3%~65% below June 3 high of $34.17
Q2 2026 revenue$10.5M-28% YoY
Q3 2026 revenue guidance$13.5M+28% vs Q2

What happened

Navitas Semiconductor (NVTS) stock jumped 20% in after-hours trading on Monday, from a $11.73 close, after winning a US Army award to develop 10 kV silicon carbide chips. The award is for a program called ALATTIS, which will build chips able to handle 10,000 volts (10 kV) of electricity for military systems, using a manufacturing process made in the US. Shares opened Tuesday at $12.81, about 9% higher, but by late morning traded near $11.96, only about 2% above Monday's close. The company did not disclose how much the award is worth.

Why it matters

Navitas (NVTS) is a small chip maker that is still losing money, and its sales fell to $10.5 million last quarter from $14.5 million a year earlier. Silicon carbide is a tough material that handles very high voltage, which is why it is used in power chips. An Army selection is a sign of trust and could lead to more defense-related work. But with no dollar value given, investors cannot yet tell how much revenue it may add.

Who this affects

Marketmixed
Low impact
Small-cap chip investors saw a sharp but fading jump.
Companybullish
Medium impact
Navitas gains Army credibility, but award value is undisclosed.
Competitorsneutral
Low impact
Wolfspeed and onsemi barely moved; no clear direct effect.
Industrybullish
Low impact
US silicon carbide makers get a push toward domestic production.

Navitas vs Wolfspeed, onsemi

NavitasNVTS$3.06B+2% (midday)+64.3%-46%
WolfspeedWOLF$1.49B+2.0%—-12%
onsemiON$29.57B+0.4%—-3%

As of 2026-09-29

How we got here

  1. Navitas reports Q2 revenue of $10.5M and guides Q3 to $13.5M.

  2. Navitas announces US Army ALATTIS selection after the close; shares jump about 20% after hours.

  3. Stock opens at $12.81, then fades to near $11.96 by late morning.

What to watch

  • Whether Navitas discloses the award's dollar value or timelineQ4 2026
  • Q3 revenue versus the $13.5M guidanceQ4 2026

Educational content only. Not investment advice.

More briefsAll briefs →