Navitas Semiconductor (NVTS) Stock Jumps 15% After Ex-Broadcom Executive Joins Board

TLDR

• NVTS stock jumped 15.25% following the appointment of ex-Broadcom SVP Gregory Fischer to its board of directors.
• Fischer brings over 40 years of semiconductor industry experience and will join the Compensation and Executive Steering committees.
• Navitas has returned 430%+ over the past year but still trades 45% below its 52-week high.
• The company targets a $3.5 billion data center opportunity, with mobile now under 25% of revenue.
• Despite revenue growth, Navitas posted an adjusted loss of ~$41 million in 2025, with analysts projecting losses through 2028.

Navitas Semiconductor (NVTS) climbed 15.25% on Tuesday after the company announced the appointment of Gregory M. Fischer to its board of directors, effective immediately.

Navitas Semiconductor Corporation, NVTS

Fischer spent years as senior vice president and general manager at Broadcom before moving into advisory and independent director roles. He currently sits on the board of Semtech Corporation and has advised Gerson Lehrman Group and AlphaSights since 2021.

He holds a B.S. in Electrical Engineering from Milwaukee School of Engineering and an MBA from the University of Iowa.

Fischer will serve as a Class III director, standing for reelection in 2027. He’ll also participate on the Compensation and Executive Steering committees.

Richard Hendrix, Chairman of the Board, said Fischer joins at a pivotal time as the company focuses on high-power semiconductors.

Fischer himself pointed to the company’s GaN and SiC technology as the reason for joining. “I believe my extensive background in governance and industry leadership will further strengthen Navitas’ foundation as we scale leading-edge GaN and high-voltage SiC technologies to high-power markets,” he said.

The board move follows a broader leadership reshuffle. Navitas recently named Tonya Stevens as its new CFO, replacing Todd Glickman, who left to pursue new opportunities. Stevens brings over 30 years of finance experience to the role.

Revenue Shifting Toward Data Centers

Navitas has been actively repositioning away from mobile. That segment now represents less than 25% of total revenue, with AI data center demand expected to be the primary growth driver through 2026.

The company estimates the data center market opportunity at $3.5 billion. It recently unveiled a DC-DC power delivery board targeting AI infrastructure, boasting 96.5% peak efficiency and designed for NVIDIA’s systems.

Navitas also introduced two new silicon carbide MOSFET packages for AI data centers and energy infrastructure, continuing its push into high-power applications. The company holds over 300 patents issued or pending.

Despite the product momentum, the financial picture is still developing. Navitas reported an adjusted loss of roughly $41 million in 2025. Analysts project a small adjusted loss continuing through 2028.

Valuation Remains a Sticking Point

The stock currently trades at a price-to-sales multiple of around 42. That means investors are already pricing in years of strong execution.

Management has guided for gradual margin improvement, but it won’t happen quickly. Any delay in data center buildouts or execution missteps could push that timeline further out.

The stock has surged more than 438% over the past year, yet still sits about 45% below its 52-week high of $17.79. Market cap currently stands at approximately $2.4 billion.

Tuesday’s close came in at $11.82, up $1.56 on the day, on volume of 27 million — above the average of 21 million.

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