Analog Semiconductors Stocks Q3 Highlights: Sensata Technologies (NYSE:ST)

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Universal Display 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 15 analog semiconductors stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 7,674% above.

Thankfully, share prices of the companies have been resilient as they are up 8.8% on average since the latest earnings results.

Weakest Q3: Universal Display

Serving major consumer electronics manufacturers, Universal Display is a provider of organic light emitting diode (OLED) technologies used in display and lighting applications.

Universal Display reported revenues of $139.6 million, down 13.6% year on year. This print fell short of analysts’ expectations by 15.9%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Universal Display delivered the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is down 13% since reporting and currently trades at $117.93.

Best Q3: Skyworks Solutions

Result of a merger of Alpha Industries and the wireless communications division of Conexant, Skyworks Solutions is a designer and manufacturer of chips used in smartphones, autos, and industrial applications to amplify, filter, and process wireless signals.

Skyworks Solutions reported revenues of $1.1 billion, up 7.3% year on year, outperforming analysts’ expectations by 5.4%. The business had a stunning quarter with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 18.6% since reporting. It currently trades at $58.58.

Magnachip

With its technology found in common consumer electronics such as TVs and smartphones, Magnachip Semiconductor is a provider of analog and mixed-signal semiconductors.

Magnachip reported revenues of $45.95 million, down 30.9% year on year, in line with analysts’ expectations. It was a slower quarter as it posted revenue guidance for next quarter missing analysts’ expectations significantly and a miss of analysts’ adjusted operating income estimates.

Magnachip delivered the slowest revenue growth in the group. Interestingly, the stock is up 1.8% since the results and currently trades at $3.18.

Read our full analysis of Magnachip’s results here.

onsemi

Spun out of Motorola in 1999 and built through a series of acquisitions, onsemi is a global provider of analog chips specializing in autos, industrial applications, and power management in cloud data centers.

onsemi reported revenues of $1.55 billion, down 12% year on year. This print surpassed analysts’ expectations by 2.2%. Overall, it was a very strong quarter as it also put up a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 25.2% since reporting and currently trades at $63.45.

Read our full, actionable report on onsemi here, it’s free.

Monolithic Power Systems

Founded in 1997 by its longtime CEO Michael Hsing, Monolithic Power Systems 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 $737.2 million, up 18.9% year on year. This number beat analysts’ expectations by 2%. It was a strong quarter as it also produced a significant improvement in its inventory levels and revenue guidance for next quarter topping analysts’ expectations.

The stock is flat since reporting and currently trades at $1,083.

Read our full, actionable report on Monolithic Power Systems here, it’s free.

What Happened?

A number of stocks fell in the afternoon session after rising geopolitical tensions between the US and Europe over control of Greenland sparked a broad, risk-off mood in asset markets. 

The sell-off was fueled by President Trump's push for the U.S. to acquire Greenland, reviving fears of trade confrontations and new tariffs against European allies. The tech-heavy Nasdaq index saw significant declines, with the "Magnificent Seven" technology stocks, Nvidia, Apple, Alphabet, Amazon, Meta, Microsoft, and Tesla, all sliding to start the week. This widespread downturn among major tech players weighed heavily on the overall market as investors reacted to the escalating political rhetoric.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Analog Semiconductors company Himax fell 4.7%. Is now the time to buy Himax? Access our full analysis report here, it’s free.
• Processors and Graphics Chips company Broadcom fell 4.9%. Is now the time to buy Broadcom? Access our full analysis report here, it’s free.
• Semiconductor Manufacturing company KLA Corporation fell 4.3%. Is now the time to buy KLA Corporation? Access our full analysis report here, it’s free.
• Analog Semiconductors company Impinj fell 6.3%. Is now the time to buy Impinj? Access our full analysis report here, it’s free.
• Processors and Graphics Chips company Qualcomm fell 3.5%. Is now the time to buy Qualcomm? Access our full analysis report here, it’s free.

Zooming In On Impinj (PI)

Impinj’s shares are extremely volatile and have had 39 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 14 days ago when the stock gained 7.3% on the news that a broader market rally drove investor optimism in artificial intelligence and big tech stocks. 

The S&P 500, Dow Jones, and Nasdaq all pushed higher, approaching record levels set late last year. Much of the positive momentum was linked to the technology sector, with a particular focus on companies advancing artificial intelligence, a key theme at the annual CES trade show in Las Vegas. This continued a powerful trend from 2025, when AI-related developments were a primary catalyst for the market's bull run. The upbeat sentiment was further supported by hopes for easier monetary policy from the Federal Reserve following a weaker-than-expected US Services PMI reading.

Impinj is down 15% since the beginning of the year, and at $152.83 per share, it is trading 36.8% below its 52-week high of $241.91 from October 2025. Investors who bought $1,000 worth of Impinj’s shares 5 years ago would now be looking at an investment worth $2,609.

Looking back on analog semiconductors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including onsemi 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 15 analog semiconductors stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 7,674% above.

Thankfully, share prices of the companies have been resilient as they are up 6.4% on average since the latest earnings results.

onsemi

Spun out of Motorola in 1999 and built through a series of acquisitions, onsemi is a global provider of analog chips specializing in autos, industrial applications, and power management in cloud data centers.

onsemi reported revenues of $1.55 billion, down 12% year on year. This print exceeded analysts’ expectations by 2.2%. Overall, it was a very strong quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 19.3% since reporting and currently trades at $60.49.

Best Q3: Skyworks Solutions

Result of a merger of Alpha Industries and the wireless communications division of Conexant, Skyworks Solutions is a designer and manufacturer of chips used in smartphones, autos, and industrial applications to amplify, filter, and process wireless signals.

Skyworks Solutions reported revenues of $1.1 billion, up 7.3% year on year, outperforming analysts’ expectations by 5.4%. The business had a stunning quarter with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 19.6% since reporting. It currently trades at $57.91.

Weakest Q3: Universal Display

Serving major consumer electronics manufacturers, Universal Display is a provider of organic light emitting diode (OLED) technologies used in display and lighting applications.

Universal Display reported revenues of $139.6 million, down 13.6% year on year, falling short of analysts’ expectations by 15.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Universal Display delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 13.8% since the results and currently trades at $116.79.

Read our full analysis of Universal Display’s results here.

Texas Instruments

Headquartered in Dallas, Texas since the 1950s, Texas Instruments is the world’s largest producer of analog semiconductors.

Texas Instruments reported revenues of $4.74 billion, up 14.2% year on year. This result surpassed analysts’ expectations by 1.9%. Aside from that, it was a mixed quarter as it also logged a solid beat of analysts’ adjusted operating income estimates but revenue guidance for next quarter missing analysts’ expectations significantly.

The stock is up 5.5% since reporting and currently trades at $190.90.

Read our full, actionable report on Texas Instruments here, it’s free.

MACOM

Founded in the 1950s as Microwave Associates, a communications supplier to the US Army Signal Corp, today MACOM Technology Solutions is a provider of analog chips used in optical, wireless, and satellite networks.

MACOM reported revenues of $261.2 million, up 30.1% year on year. This print was in line with analysts’ expectations. More broadly, it was a mixed quarter as it also recorded revenue guidance for next quarter topping analysts’ expectations but an increase in its inventory levels.

MACOM achieved the fastest revenue growth among its peers. The stock is up 47.6% since reporting and currently trades at $220.95.

Read our full, actionable report on MACOM here, it’s free.

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the analog semiconductors stocks, including MACOM 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 15 analog semiconductors stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 7,676% above.

In light of this news, share prices of the companies have held steady as they are up 4.6% on average since the latest earnings results.

MACOM

Founded in the 1950s as Microwave Associates, a communications supplier to the US Army Signal Corp, today MACOM Technology Solutions is a provider of analog chips used in optical, wireless, and satellite networks.

MACOM reported revenues of $261.2 million, up 30.1% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with revenue guidance for next quarter topping analysts’ expectations but an increase in its inventory levels.

“We built upon our strong foundation in fiscal year 2025, and we look forward to starting fiscal 2026,” said Stephen G. Daly, President and Chief Executive Officer, MACOM.

MACOM achieved the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 43.1% since reporting and currently trades at $214.18.

Best Q3: Skyworks Solutions

Result of a merger of Alpha Industries and the wireless communications division of Conexant, Skyworks Solutions is a designer and manufacturer of chips used in smartphones, autos, and industrial applications to amplify, filter, and process wireless signals.

Skyworks Solutions reported revenues of $1.1 billion, up 7.3% year on year, outperforming analysts’ expectations by 5.4%. The business had a stunning quarter with a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 18.7% since reporting. It currently trades at $58.52.

Weakest Q3: Universal Display

Serving major consumer electronics manufacturers, Universal Display is a provider of organic light emitting diode (OLED) technologies used in display and lighting applications.

Universal Display reported revenues of $139.6 million, down 13.6% year on year, falling short of analysts’ expectations by 15.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Universal Display delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 8.3% since the results and currently trades at $124.32.

Read our full analysis of Universal Display’s results here.

onsemi

Spun out of Motorola in 1999 and built through a series of acquisitions, onsemi is a global provider of analog chips specializing in autos, industrial applications, and power management in cloud data centers.

onsemi reported revenues of $1.55 billion, down 12% year on year. This number surpassed analysts’ expectations by 2.2%. Overall, it was a very strong quarter as it also logged a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 17.7% since reporting and currently trades at $59.67.

Read our full, actionable report on onsemi here, it’s free.

Sensata Technologies

Originally a temperature sensor control maker and a subsidiary of Texas Instruments for 60 years, Sensata Technology Holdings 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 $932 million, down 5.2% year on year. This print beat analysts’ expectations by 1.1%. Zooming out, it was a mixed quarter as it also produced a beat of analysts’ EPS estimates but revenue guidance for next quarter slightly missing analysts’ expectations.

The stock is up 14.3% since reporting and currently trades at $35.24.

Read our full, actionable report on Sensata Technologies here, it’s free.