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NVTS
Navitas Semiconductor Corporation · Technology
$24.02
+23.62% this month
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AEHR
Aehr Test Systems · Technology
$115.30
+42.10% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
NVTS
2
AEHR
2
Comparison scoreboard
MIXED SETUPAI Score
NVTS 31.0
AEHR ✓46.6
1Y Return
NVTS +243.14%
AEHR ✓+901.74%
Fwd P/E
NVTS ✓-173.40
AEHR 768.67
Target Up.
NVTS ✓-39.79%
AEHR -44.78%
Op. Margin
NVTS N/A
AEHR N/A
Metrics last refreshed: 6/20/2026
Quick take
NVTS vs AEHR Stock Comparison: AI Score, Valuation, Performance and Upside
NVTS and AEHR both benefit from wide-bandgap semiconductor adoption but from completely different positions in the value chain: NVTS sells GaN power ICs directly to end-market customers, while AEHR sells capital equipment used to test SiC devices during manufacturing. Both are small-cap, early-stage businesses with concentrated customer bases, but their revenue models and risk drivers are fundamentally different.
Choosing between NVTS and AEHR means choosing between a GaN device vendor with diversified end-market growth potential and an equipment maker with near-monopoly SiC burn-in exposure — both require SiC/GaN adoption to accelerate, but AEHR's success depends on fab capex cycles while NVTS depends on design-win conversion.
Live analysis · updated 6/20/2026
NVTS and AEHR are closely matched — they split the tracked metrics evenly. AEHR has delivered stronger 1-year price return (+901.74% vs +243.14%), though NVTS trades at the lower forward P/E (-173.40x vs 768.67x). Analyst consensus implies meaningfully more upside for NVTS (-39.79%) than for AEHR (-44.78%).
Normalized 1Y performance
NVTS
AEHR
Recent returns
NVTS
AEHR
Analyst price targets & sentiment
NVTS · 8 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.9/5.0)
Price target range
analyst low$8.00
analyst high$21.00
analyst mean$14.46
current price$24.02
-39.8% upside to analyst mean
AEHR · 3 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.5/5.0)
Price target range
analyst low$56.00
analyst high$68.00
analyst mean$63.67
current price$115.30
-44.8% upside to analyst mean
Who should consider this stock?
NVTS may suit investors who:
- →prefer device-level exposure to GaN adoption in fast-growing end markets like EV charging
- →value an asset-light fabless model with scalable economics as design wins convert to revenue
- →want direct exposure to the transition from silicon to wide-bandgap semiconductors at the product level
- →are comfortable with pre-profitability status and consumer market revenue mix in the near term
AEHR may suit investors who:
- →prefer capital equipment exposure to SiC manufacturing capacity expansion with pricing power
- →value a near-monopoly equipment position backed by deep customer qualification cycles
- →want asymmetric upside from GaN burn-in adoption as a potential next catalyst
- →are comfortable with lumpy, order-driven revenue and concentration in the SiC device market
Performance & AI score
| Metric | NVTS | AEHR |
|---|---|---|
| AI score | 31.0 | 46.6 |
| AI rank | #2202 | #654 |
| Latest close | $24.02 | $115.30 |
| 1M return | +23.62% | +42.10% |
| 6M return | +225.47% | +436.53% |
| 1Y return | +243.14% | +901.74% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NVTS | AEHR |
|---|---|---|
| 1Y ago | $34.31K (+243.1%) started 2025-06-18 | $100.17K (+901.7%) started 2025-06-18 |
| 5Y ago | $18.77K (+87.7%) started 2021-10-20 | $472.54K (+4625.4%) started 2021-06-18 |
| 10Y ago | $18.77K (+87.7%) started 2021-10-20 | $678.24K (+6682.4%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | NVTS | AEHR |
|---|---|---|
| Market cap | $5.85B | $3.63B |
| Trailing P/E | N/A | N/A |
| Forward P/E | -173.40 | 768.67 |
| Price/Sales | 144.46 | 80.14 |
| EV/Revenue | 122.19 | 72.27 |
| Analyst target | $14.46 | $63.67 |
| Target upside | -39.79% | -44.78% |
Growth, profitability & risk
| Metric | NVTS | AEHR |
|---|---|---|
| Revenue growth | -38.70% | -43.70% |
| Earnings growth | N/A | N/A |
| EPS growth | N/A | N/A |
| FCF margin | +108.10% | -16.47% |
| Operating margin | N/A | N/A |
| Profit margin | 0.00% | -25.23% |
| ROIC proxy | -35.15% | -8.68% |
| Return on equity | -35.15% | -8.68% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 3.76 | 3.18 |
| Debt/equity | 1.51 | 7.22 |
| Current ratio | 4.33 | 10.97 |
| Quick ratio | 3.95 | 5.79 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
NVTS max drawdown58.25%
AEHR max drawdown42.31%
NVTS max wkly drop41.75%
AEHR max wkly drop24.27%
5Y risk snapshot
NVTS max drawdown92.04%
AEHR max drawdown87.37%
NVTS max wkly drop41.75%
AEHR max wkly drop36.64%
10Y risk snapshot
NVTS max drawdown92.04%
AEHR max drawdown87.37%
NVTS max wkly drop41.75%
AEHR max wkly drop43.32%
Performance metrics by period
| Period | Metric | NVTS | AEHR |
|---|---|---|---|
| 1Y | Growth | +243.14% | +901.74% |
| CAGR | +243.43% | +903.32% | |
| Sharpe ratio | 1.55 | 2.49 | |
| Max drawdown | 58.25% | 42.31% | |
| Max daily drop | 18.23% | 17.61% | |
| Max wkly drop | 41.75% | 24.27% | |
| 5Y | Growth | +87.66% | +4625.41% |
| CAGR | +14.46% | +116.24% | |
| Sharpe ratio | 0.57 | 1.17 | |
| Max drawdown | 92.04% | 87.37% | |
| Max daily drop | 20.70% | 27.08% | |
| Max wkly drop | 41.75% | 36.64% | |
| 10Y | Growth | +87.66% | +6682.35% |
| CAGR | +14.46% | +52.50% | |
| Sharpe ratio | 0.57 | 0.85 | |
| Max drawdown | 92.04% | 87.37% | |
| Max daily drop | 20.70% | 27.08% | |
| Max wkly drop | 41.75% | 43.32% |
Business comparison
| Category | NVTS | AEHR |
|---|---|---|
| Company | Navitas Semiconductor Corporation | Aehr Test Systems |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Navitas designs GaN power ICs for EV chargers, mobile fast chargers, data center power supplies, and solar inverters. Its fabless model and monolithic GaN integration differentiate it from discrete component suppliers. Revenue is scaling from consumer origins toward higher-value automotive and data center markets. | Aehr Test Systems designs wafer-level burn-in and test systems used to screen out early-life failures in silicon carbide (SiC) and silicon power devices. Its FOX-XP and FOX-NP systems allow semiconductor manufacturers to stress-test SiC MOSFETs at the wafer level before dicing, catching infant mortality defects that would otherwise cause field failures in EVs. Aehr is the dominant supplier of wafer-level SiC burn-in equipment to major SiC device makers. |
| Investor focus | Investors track design-win momentum in EV and data center segments, the timeline to profitability, and gross margin expansion as the product mix shifts toward higher-ASP industrial applications. | Investors focus on SiC burn-in equipment order flow from major customers (Wolfspeed, onsemi, STMicro, Infineon), revenue visibility from multi-system orders tied to new fab openings, and whether gallium nitride (GaN) device makers begin adopting wafer-level burn-in—a potential next market expansion. |
NVTS strengths
- →Proprietary GaNFast technology integrates GaN FET with gate driver and protection, reducing system complexity
- →Strong early position in GaN for 800V EV on-board chargers and DC fast-charge station power supplies
- →Fabless structure allows R&D focus without the capital burden of manufacturing
AEHR strengths
- →Near-monopoly on wafer-level SiC burn-in equipment, driven by patented FOX architecture and customer qualification cycles
- →Orders tied to fab expansion decisions at major SiC manufacturers, providing multi-quarter revenue visibility
- →GaN burn-in is an emerging potential market that could expand the total addressable market significantly
Risks to watch — NVTS
- →Consumer and mobile revenue still dominates the mix, creating smartphone-cycle vulnerability
- →Path to profitability requires significant revenue scaling that depends on EV and data center design-win conversion
- →Multiple larger competitors have announced GaN product roadmaps targeting the same markets
Risks to watch — AEHR
- →Revenue is highly concentrated in SiC burn-in; a slowdown in SiC fab capex directly hits orders
- →Customer order timing is lumpy, making quarterly revenue volatile and difficult to model
- →A competitor winning a major SiC customer qualification could significantly disrupt market position
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