As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at analog semiconductors stocks, starting with MACOM (NASDAQ: MTSI).

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 very strong Q2. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 4.9% above.

Thankfully, share prices of the companies have been resilient as they are up 5.1% on average since the latest earnings results.

MACOM (NASDAQ: MTSI)

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

MACOM reported revenues of $342.2 million, up 35.8% year on year. This print exceeded analysts’ expectations by 1.9%. Overall, it was a very strong quarter for the company with revenue guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ operating income estimates.

“The MACOM team continues to make excellent progress executing our growth strategy,” said Stephen G. Daly, President and Chief Executive Officer, MACOM.

Interestingly, the stock is up 16.4% since reporting and currently trades at $306.69.

We think MACOM is a good business, but is it a buy today? Read our full report here, it’s free.

Best Q2: 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 $980.6 million, up 47.6% year on year, outperforming analysts’ expectations by 8.6%. The business had an incredible quarter with a significant improvement in its inventory levels and a beat of analysts’ EPS estimates.

Monolithic Power Systems pulled off the biggest analyst estimate beat, highest guidance raise, and fastest revenue growth in the group. The market seems happy with the results as the stock is up 7.4% since reporting. It currently trades at $1,413.

Is now the time to buy Monolithic Power Systems? Access our full analysis of the earnings results here, it’s free.

Slowest Q2: Himax (NASDAQ: HIMX)

Taiwan-based Himax Technologies (NASDAQ: HIMX) is a leading manufacturer of display driver chips and timing controllers used in TVs, laptops, and mobile phones.

Himax reported revenues of $227.4 million, up 5.9% year on year, exceeding analysts’ expectations by 2%. Still, it was a slower quarter as it posted EPS in line with analysts’ estimates.

Interestingly, the stock is up 12.6% since the results and currently trades at $15.03.

Read our full analysis of Himax’s results here.

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 $108.4 million, up 10.7% year on year. This print beat analysts’ expectations by 3.5%. It was a stunning quarter as it also recorded a significant improvement in its inventory levels and a beat of analysts’ EPS estimates.

The stock is up 24.5% since reporting and currently trades at $173.39.

Read our full, actionable report on Impinj 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 $118.9 million, up 2.7% year on year. This result surpassed analysts’ expectations by 1.3%. Overall, it was a very strong quarter as it also logged a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.

The stock is up 2.2% since reporting and currently trades at $63.33.

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 Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.