Navitas Semiconductor: Charging Ahead in EVs and Data Centers—A 2026 Breakout Stock?

If you’re looking for a semiconductor stock that’s poised to surge as two of the hottest tech sectors—electric vehicles (EVs) and AI-driven data centers—go all-in on next-gen power efficiency, Navitas Semiconductor (NVTS) is screaming “BUY” this summer. This isn’t just another chip play; it’s a company with $450 million in design wins, cutting-edge gallium nitride (GaN) and silicon carbide (SiC) tech, and a clear path to EBITDA breakeven by 2026. Let’s dive into why this could be your 2026 winner.

The EV Gold Rush: navitas Isn’t Just Playing, It’s Winning

The EV market is no longer a “maybe”—it’s a $1.3 trillion juggernaut, and Navitas is front and center with its GaN Safe technology, which just hit a major milestone: automotive qualification (AEC-Q101). That’s a big deal because it means their chips are now good enough for the most demanding carmakers. Case in point? Their first-ever GaN-based EV onboard charger design win with Changan Auto, China’s top EV manufacturer. Production starts in early 2026, and this isn’t a trivial win—this single project could generate tens of millions in revenue as Changan scales its EV lineup.

But Navitas isn’t stopping there. Their bidirectional GaN ICs (the first of their kind) eliminate 30% of the components in traditional EV chargers, slashing costs and size while boosting efficiency. Executives say these chips alone could hit $10 million in revenue by 2026, with solar microinverters and energy storage systems also in the crosshairs. And let’s not forget their GeneSiC SiC tech, which handles voltages up to 6.5kV—perfect for megawatt EV fast chargers and grid infrastructure.

Data Centers: Powering the AI Revolution

While Wall Street’s eyes are glued to EVs, Navitas is quietly dominating the AI data center market with its 12kW power platform. This beast of a design combines GaN and SiC to double rack power capacity to 500kW, directly feeding the hunger of AI processors. With 250 million GaN chips shipped since 2018 and a 100 parts per billion reliability rate—light-years ahead of rivals—this isn’t a gamble. Data center execs are already adopting it, and as AI workloads explode, so will Navitas’ sales here.

The Financials: Cash Is King, and Navitas Has It

Here’s the kicker: Navitas isn’t just a “story stock.” It’s got $75 million in cash, zero debt, and a 38.5% non-GAAP gross margin (guidance for Q2 2025). CEO Gene Sheridan isn’t shy about the goal: EBITDA breakeven by 2026. With $450 million in design wins converting to revenue over the next two years, this isn’t pie-in-the-sky. Analysts are already revising estimates upward, and the stock’s beta of 2.23 means it’ll soar when the tech sector takes off.

Risks? Sure, But the Upside Swamps Them

Yes, there are hurdles. The semiconductor industry is in an inventory correction, which has slowed near-term sales. Plus, U.S.-China trade tensions could hit SiC sales. But Navitas isn’t sitting still—it’s expanding its foundry base and leveraging its U.S. manufacturing edge for domestic EV projects. And with a current ratio of 5.69, it can weather this storm.

The Bottom Line: This Is a 2026 Must-Buy

The math is simple: Navitas is the go-to supplier for EVs and data centers needing the smallest, fastest, and most reliable power chips. With $10 million+ revenue streams coming online in 2026, EBITDA turning positive, and a $2.02 share price that’s undervalued, this is a setup for a 100%+ gain if its roadmap holds.

Act now—because when the EV and AI markets ignite in 2026, Navitas won’t just keep up. It’ll blow past the competition.

Bottom Line: Buy Navitas (NVTS) now. The chips are down, and this one’s about to roll.