PomegraNavitas Stock Jumps 20% After-Hours on US Army Award
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
- MarketmixedLow impact
- Small-cap chip investors saw a sharp but fading jump.
- CompanybullishMedium impact
- Navitas gains Army credibility, but award value is undisclosed.
- CompetitorsneutralLow impact
- Wolfspeed and onsemi barely moved; no clear direct effect.
- IndustrybullishLow impact
- US silicon carbide makers get a push toward domestic production.
Navitas vs Wolfspeed, onsemi
How we got here
Navitas reports Q2 revenue of $10.5M and guides Q3 to $13.5M.
Navitas announces US Army ALATTIS selection after the close; shares jump about 20% after hours.
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.
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