Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Monolithic Power Systems (NASDAQ: MPWR) and its peers.
Demand for analog chips is generally linked to the overall level of economic growth, as analog chips serve as the building blocks of most electronic goods and equipment. Unlike digital chip designers, analog chip makers tend to produce the majority of their own chips, as analog chip production does not require expensive leading edge nodes. Less dependent on major secular growth drivers, analog product cycles are much longer, often 5-7 years.
The 13 analog semiconductors stocks we track reported a solid Q3. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was 1.6% above.
While some analog semiconductors stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.2% since the latest earnings results.
Monolithic Power Systems (NASDAQ: MPWR)
Founded in 1997 by its longtime CEO Michael Hsing, Monolithic Power Systems (NASDAQ: MPWR) is an analog and mixed signal chipmaker that specializes in power management chips meant to minimize total energy consumption.
Monolithic Power Systems reported revenues of $1.20 billion, up 63.1% year on year. This print exceeded analysts’ expectations by 3.4%. Overall, it was a very strong quarter for the company with revenue guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ operating income estimates.
“Overall, we see accelerated growth. Our diversified growth strategy is paying off,” said Michael Hsing, CEO and founder of MPS.
Monolithic Power Systems pulled off the highest guidance raise and fastest revenue growth among its peers. Unsurprisingly, the stock is up 14.7% since reporting and currently trades at $1,375.
Best Q3: Impinj (NASDAQ: PI)
Founded by Caltech professor Carver Mead and one of his students Chris Diorio, Impinj (NASDAQ: PI) is a maker of radio-frequency identification (RFID) hardware and software.
Impinj reported revenues of $112.1 million, up 16.7% year on year, outperforming analysts’ expectations by 4.4%. The business had an impressive quarter with a significant improvement in its inventory levels and a beat of analysts’ EPS estimates.
Impinj pulled off the biggest analyst estimate beat of the whole group. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 3.5% since reporting. It currently trades at $170.38.
Is now the time to buy Impinj? Access our full analysis of the earnings results here, it’s free.
Weakest Q3: Microchip Technology (NASDAQ: MCHP)
Spun out from General Instrument in 1987, Microchip Technology (NASDAQ: MCHP) is a leading provider of microcontrollers and integrated circuits used mainly in the automotive world, especially in electric vehicles and their charging devices.
Microchip Technology reported revenues of $1.62 billion, up 42.2% year on year, exceeding analysts’ expectations by 0.8%. Still, it was a mixed quarter as it posted revenue guidance for next quarter slightly missing analysts’ expectations.
As expected, the stock is down 6% since the results and currently trades at $60.99.
Read our full analysis of Microchip Technology’s results here.
NXP Semiconductors (NASDAQ: NXPI)
Spun off from Dutch electronics giant Philips in 2006, NXP Semiconductors (NASDAQ: NXPI) is a designer and manufacturer of chips used in autos, industrial manufacturing, mobile devices, and communications infrastructure.
NXP Semiconductors reported revenues of $3.79 billion, up 19.3% year on year. This print surpassed analysts’ expectations by 0.5%. Taking a step back, it was a mixed quarter as it also produced a significant improvement in its inventory levels but revenue guidance for next quarter slightly missing analysts’ expectations.
The stock is flat since reporting and currently trades at $255.59.
Read our full, actionable report on NXP Semiconductors here, it’s free.
Power Integrations (NASDAQ: POWI)
A leading supplier of parts for electronics such as home appliances, Power Integrations (NASDAQ: POWI) is a semiconductor designer and developer specializing in products used for high-voltage power conversion.
Power Integrations reported revenues of $125.5 million, up 5.5% year on year. This result met analysts’ expectations. Aside from that, it was a satisfactory quarter as it also logged a beat of analysts’ EPS estimates but revenue guidance for next quarter missing analysts’ expectations significantly.
The stock is down 7.5% since reporting and currently trades at $43.31.
Read our full, actionable report on Power Integrations here, it’s free.
Market update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
