Navitas Revenue Up 38%, Q4 Spending to Jump: Rapid Earnings Reaction

Navitas Semiconductor reported 38% Q3 revenue growth to $14.0 million, driven by high-power AI data center chips, with shares rising 5% after-hours. However, Q4 guidance shows operating costs jumping 50% due to the Claros acquisition, indicating losses will widen before narrowing. Cash more than doubled to $531.5 million, though the source remains unexplained.