Navitas Semiconductor Corp. (NASDAQ: NVTS) is one of the 10 Stocks Beating Wall Street With Easy Double-Digit Gains.
Navitas Semiconductor soared to a new all-time high on Wednesday, as investors loaded up their wallets ahead of its first-quarter earnings results.
In intraday trading, the stock rose to its highest price of $18.67 before paring gains to end the session up 20.48 percent at $18.47 apiece.
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According to the company, it is scheduled to release its financial and operating highlights after the market closes on May 5, 2026. A conference call will follow to detail the results.
In its latest earnings call, Navitas Semiconductor Corp. (NASDAQ:NVTS) said it is targeting revenue of $8 million to $8.5 million in the first quarter, a sharp decline of 39 percent to 43 percent from $14 million in the same period last year.
Despite the decline, investors remain confident in the company’s good prospects, thanks to the continued increase in demand for semiconductors.
Investors are also expected to keep an eye on its business prospects for the second quarter of the year.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) recently welcomed former Broadcom executive Gregory Fischer to its board of directors. He is tasked with serving on the company’s executive management and compensation committees.
Fischer previously served as senior vice president and general manager of Broadcom, and held leadership positions at Conexant Systems Inc., Rockwell International Corporation and Rockwell Collins Avionics Co. He currently serves as an independent director of Semtech Corporation.
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