BUZZ - Navitas shares rise on optimistic earnings outlook and Q3 revenue beat

November 4 - ** Navitas Semiconductor (NVTS.O) shares rose 12.2% in pre-market trading to $9.6

** According to data compiled by LSEG, the power chip company expects fourth-quarter revenue (link) of $16 million (plus or minus $5 million), above analysts' expectations of $15.1 million

** The company reported third-quarter revenue of $14 million, beating analysts' estimates of $13.2 million — LSEG

** The CEO stated that performance growth was driven by continued acceleration in the high-power market

** The company reported a record-high order backlog that could extend to mid-2027, mainly due to growth in the artificial intelligence infrastructure market, including data centers, power grids, and energy infrastructure

** Of seven brokerages, three rate the stock as "buy" or higher, three as "hold," and one as "sell"; the median target price is $13

** As of the close of the previous trading day, the stock was up 19.9% year to date

(To assist non-English speakers, Reuters has provided automated translations of its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated text. It is provided solely for the convenience of readers. Reuters is not liable for any damage or loss arising from the use of automated translation.)