Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the 10 Resilient Stocks in a Sea of Uncertainties.
Navitas Semiconductor climbed by 16.14 percent on Tuesday to finish at $15.33 apiece, as investors positioned portfolios ahead of the results of its earnings performance for the first quarter of the year.
According to the company, it is scheduled to release its financial and operating highlights after market close on May 5, 2026. A conference call will follow to elaborate on the results.
For illustration purposes only. Photo by Tima Miroshnichenko on Pexels
For the period, Navitas Semiconductor Corp. (NASDAQ:NVTS) is targeting revenues to hit $8 million to $8.5 million, a marked 39 to 43 percent decline from the $14 million registered in the same period last year.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) welcomed the addition of Gregory Fischer to its board of directors effective April 13. He will serve on the company’s compensation and executive steering committees.
Prior to joining the company, Fischer previously served as senior vice president and general manager at Broadcom Inc., as well as in leadership roles at Conexant Systems Inc., Rockwell International Corporation, and Rockwell Collins Avionics Co. He is currently serving as an independent director for Semtech Corporation.
Navitas Semiconductor Corp. (NASDAQ:NVTS) Board Chairman Richard Hendrix welcomed Fischer’s addition to the board, saying that his addition came at a pivotal time, with his talent and experience expected to support success in the highly competitive and fast-moving market.
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