Wrapping up Q3 earnings, we look at the numbers and key takeaways for the analog semiconductors stocks, including Impinj (NASDAQ: PI) 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.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.6% since the latest earnings results.
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. This print exceeded analysts’ expectations by 4.4%. Overall, it was an impressive quarter for the company with a significant improvement in its inventory levels and a beat of analysts’ EPS estimates.
“Our third-quarter results were strong, with endpoint IC revenue and unit volumes, as well as total revenue, all setting new quarterly records,” said Chris Diorio, Impinj co-founder and CEO. “M800’s market strength, resilient retail demand, growth at our lighthouse accounts and Gen2X momentum all contributed to those record results, and we see those trends continuing.”
Impinj scored the biggest analyst estimate beat in the group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 3.4% since reporting and currently trades at $170.50.
Is now the time to buy Impinj? Access our full analysis of the earnings results here, it’s free.
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, outperforming analysts’ expectations by 3.4%. The business had a very strong quarter with revenue guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ operating income estimates.
Monolithic Power Systems achieved the highest guidance raise and fastest revenue growth of the whole group. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $1,192.
Is now the time to buy Monolithic Power Systems? 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 9.9% since the results and currently trades at $58.48.
Read our full analysis of Microchip Technology’s results here.
Sensata Technologies (NYSE: ST)
Originally a temperature sensor control maker and a subsidiary of Texas Instruments for 60 years, Sensata Technology Holdings (NYSE: ST) is a leading supplier of analog sensors used in industrial and transportation applications, best known for its dominant position in the tire pressure monitoring systems in cars.
Sensata Technologies reported revenues of $1.00 billion, up 7.7% year on year. This result surpassed analysts’ expectations by 3.2%. It was a solid quarter as it also produced a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.
The stock is down 7.1% since reporting and currently trades at $39.31.
Read our full, actionable report on Sensata Technologies here, it’s free.
Vishay Intertechnology (NYSE: VSH)
Named after the founder's ancestral village in present-day Lithuania, Vishay Intertechnology (NYSE: VSH) manufactures simple chips and electronic components that are building blocks of virtually all types of electronic devices.
Vishay Intertechnology reported revenues of $978.9 million, up 23.8% year on year. This number topped analysts’ expectations by 1.3%. Overall, it was a favorable quarter as it also logged a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.
The stock is down 15.2% since reporting and currently trades at $23.10.
Read our full, actionable report on Vishay Intertechnology 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.
