In this article, we will be looking at the 10 Best Performing Growth Stocks So Far in 2026.
On June 9, CNBC reported that global stock markets moved slightly higher as investors looked for signs of recovery from recent market volatility caused by a sharp sell-off in tech stocks. US stocks fell on Friday, with chip stocks leading the decline.
Despite expectations of more ups and downs, many investors remain positive about the market. Robert Edwards, Chief Investment Officer at Edwards Asset Management in Florida, said that the recent drop in tech names was “a gift for investors.”
Edwards noted that “sharp pullbacks have been met with aggressive buying because investors, despite the noise, know that strong fundamentals, including strong revenue and earnings growth, remain in place.” He added that this “is what bull markets in their prime look like, featuring violent moves higher and lower, which can be uncomfortable, but the overall trend is upward.”
Anthony Willis, senior economist at Columbia Threadneedle Investments, said the recent weakness in the market “looks more like a repricing than a fundamental break in the growth story.” However, he also pointed out that selling pressure shows that even strong fundamentals “do not eliminate volatility.”
Meanwhile, Citigroup raised its year-end target for the S&P 500 to 8,100 from 7,700 on Monday. The new forecast suggests an upside of almost 10% for the index. Since the start of 2026, the S&P 500 has already gained more than 8%.
With this background in mind, let’s take a look at the 10 best-performing growth stocks so far in 2026.
Our Methodology
To compile our list of the 10 best-performing growth stocks so far in 2026, we looked for stocks with a year-over-year revenue growth rate exceeding 25%. To ensure the reliability of our findings, we consulted Seeking Alpha to confirm the year-over-year revenue growth rate for each company. Next, we focused on the stocks with the highest year-to-date returns. Finally, we ranked the 10 best-performing growth stocks so far in 2026 in ascending order based on their year-to-date performance as of May 8, 2026. These stocks are also popular among elite hedge funds.
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10 Best Performing Growth Stocks So Far in 2026
10. Western Digital Corporation (NASDAQ:WDC)
Year-Over-Year Revenue Growth: 32.04%
Year-to-Date Performance: 172.63%
Number of Hedge Fund Holders: 83
Western Digital Corporation (NASDAQ:WDC) ranks among the best-performing growth stocks so far in 2026. On June 8, Mizuho raised its price target on Western Digital Corporation from $550 to $685 and maintained its Outperform rating on the stock.
The research firm raised its estimates for the company after its quarterly AI application-specific integrated circuit roadmap call. Mizuho believes there is potential for tensor processing unit demand to reach 35 million units by 2028, which would be eight times higher than the 4.3 million units in 2026.
Earlier, on June 2, Citi also raised its price target for Western Digital Corporation from $500 to $685 while keeping its Buy rating on the stock.
The research firm lifted its estimates for the hard disk drive sector, pointing to strong AI-driven demand strength and disciplined supply across the industry. Citi’s analyst told investors in a research note that this is expected to support sustainable pricing power.
As of June 8, analysts are bullish on Western Digital Corporation with a consensus Buy rating. The 12-month median price target of $545 set by analysts indicates a potential upside of 6.50% from the current stock price.
Western Digital Corporation is an American company that manufactures hard disk drives and other data storage products.
9. Silicon Motion Technology Corporation (NASDAQ:SIMO)
Year-Over-Year Revenue Growth: 35.93%
Year-to-Date Performance: 175.92%
Number of Hedge Fund Holders: 40
Silicon Motion Technology Corporation (NASDAQ:SIMO) ranks among the best-performing growth stocks so far in 2026. On May 28, BofA increased its price target on Silicon Motion Technology Corporation from $320 to $450 and maintained a Buy rating on the stock.
The research firm revised its EPS forecasts, pointing to stronger sales expectations for the SSD and enterprise solutions. BofA also noted that recent global memory industry data has been encouraging and Silicon Motion Technology Corporation Q2 sales could easily beat guidance. The firm believes that the company’s run-rate could exceed $1.5 billion in 2026 and grow to more than $2 billion by 2028.
Earlier, on May 12, B. Riley also lifted its price target on Silicon Motion Technology Corporation from $250 to $312 and maintained a Buy rating on the stock.
The firm noted that AI investment is accelerating faster than expected, supported by growing demand from hyperscalers and neo-cloud providers. This is driving 2026-2028 capex estimates significantly higher and new workload trends and major model providers are strengthening supply and demand trends in the semiconductor industry. These factors are helping drive higher EPS expectations for semiconductor companies and supporting strong valuations.
Silicon Motion Technology Corporation is a leading supplier of NAND flash controllers for solid-state storage devices for servers, PCs, and other edge devices. It is also the leading merchant provider of eMMC and UFS embedded storage controllers used in smartphones, IoT products, and automotive applications.
8. Sterling Infrastructure, Inc. (NASDAQ:STRL)
Year-Over-Year Revenue Growth: 36.96%
Year-to-Date Performance: 176.49%
Number of Hedge Fund Holders: 40
Sterling Infrastructure, Inc. (NASDAQ:STRL) ranks among the best-performing growth stocks so far in 2026. As of June 8, analysts are positive on Sterling Infrastructure, Inc. with a consensus Buy rating. The median 12-month price target stands at $950, suggesting a potential upside of 7.66% from the current stock price.
On June 2, KeyBanc increased its price target on Sterling Infrastructure, Inc. from $889 to $922 and maintained an Overweight rating on the stock. The firm pointed to demand trends for site preparation work, which suggests that the large multi-data center build-out campuses are only getting started.
KeyBanc noted that the company has established itself as a leader in site preparation by leveraging its experience and resources in heavy civil and transportation. According to the firm, Sterling Infrastructure, Inc. is building downstream capabilities through a targeted mechanical, electrical, and plumbing (MEP) growth strategy.
Earlier, on May 28, Oppenheimer initiated coverage of Sterling Infrastructure, Inc., giving the stock an Outperform rating and setting the price target at $950.
The firm noted that Sterling Infrastructure, Inc. has transformed through acquisitions into an “industry margin-leading provider” of specialty services to major infrastructure projects, particularly those being driven by technology and manufacturing industry leaders.
Sterling Infrastructure, Inc. is a leading provider of specialty infrastructure services in the US data center, manufacturing onshoring, and civil construction sectors.
7. Seagate Technology Holdings plc (NASDAQ:STX)
Year-Over-Year Revenue Growth: 28.92%
Year-to-Date Performance: 194.73%
Number of Hedge Fund Holders: 93
Seagate Technology Holdings plc (NASDAQ:STX) ranks among the best-performing growth stocks so far in 2026. On May 26, BofA Securities increased its price target on Seagate Technology Holdings plc (NASDAQ:STX) from $840 to $900 while keeping a Buy rating on the stock.
The research firm hosted a call for clients with Seagate Technology Holdings plc (NASDAQ:STX) CEO Dr. Dave Mosley. The call highlighted that data is becoming an increasingly valuable asset and demand for storage continues to grow. This demand is being supported by video, unstructured data, robotics, and the need for data snapshots, checkpoints, and data redundancy.
Monetization opportunities associated with additional data storage significantly exceed the cost of providing that storage. Hyperscale demand growth remains strong and Seagate Technology Holdings plc (NASDAQ:STX) is seeing solid demand from traditional enterprise data centers and edge applications
The company has now qualified Mozaic 3 with all planned cloud service provider customers and has also qualified Mozaic 4 with two customers. BofA kept its Buy rating, pointing to secular cloud demand, improvements in revenue and margin, and the company’s roadmap toward higher-capacity HAMR hard disk drives. BofA’s higher price target reflects greater confidence in the sustainability of demand and pricing trends.
Seagate Technology Holdings plc (NASDAQ:STX) is a data storage and technology company that offers a portfolio of advanced storage solutions to hyperscale cloud providers, enterprises, and consumers.
6. Marvell Technology, Inc. (NASDAQ:MRVL)
Year-Over-Year Revenue Growth: 34.07%
Year-to-Date Performance: 194.74%
Number of Hedge Fund Holders: 79
Marvell Technology, Inc. (NASDAQ:MRVL) ranks among the best-performing growth stocks so far in 2026. On June 5, Reuters reported that Marvell Technology, Inc. is set to join the S&P 500 later this month.
After the company met a key profitability requirement thanks to an AI-fueled rally, S&P Dow Jones Indices said the company will be added to the benchmark index before the start of trading on June 22. Following the report, the stock jumped nearly 6% in extended trading.
This comes after Marvell Technology, Inc. reported a GAAP profit in the three months ending in December and over the sum of its most recent four quarters. This helped the company clear a key hurdle that had previously prevented it from being included in the index.
Marvell Technology, Inc. has performed strongly in 2026, with its share price more than tripling. This performance has been supported by a broader rally in chip stocks on expectations for strong AI-related demand. Recently, the stock received a boost after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang called Marvell Technology, Inc. the “next trillion dollar company.”
In its latest quarterly earnings report, Marvell Technology, Inc. projected that its custom chip business would surpass $10 billion in revenue in fiscal 2029.
Marvell Technology, Inc. is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.
5. Dell Technologies Inc. (NYSE:DELL)
Year-Over-Year Revenue Growth: 38.57%
Year-to-Date Performance: 208.60%
Number of Hedge Fund Holders: 72
Dell Technologies Inc. (NYSE:DELL) ranks among the best-performing growth stocks so far in 2026. On June 1, Truist Securities increased its price target on Dell Technologies Inc. from $170 to $360 while keeping a Hold rating on the stock.
The research firm pointed to exceptionally strong demand and limited supply conditions. Truist believes that the second quarter of fiscal 2027 will likely show the same strength as seen in the first quarter.
The firm sees potential upside to Dell Technologies Inc.’s guidance for the second half of fiscal 2027 if it is able to secure sufficient supply to meet demand. Truist expects Dell Technologies Inc. to generate $174.3 billion in revenue for fiscal 2027, which is above the company’s own guidance range of $165 billion to $169 billion.
Looking ahead, Truist forecasts that the company’s sales will grow by 11% in fiscal 2028. The firm also expects earnings per share to reach $22, representing 10% year-over-year growth.
Dell Technologies Inc. is an American multinational technology company that designs, develops, manufactures, markets, sells, and supports integrated technology solutions, products, and services.
4. ImmunityBio, Inc. (NASDAQ:IBRX)
Year-Over-Year Revenue Growth: 351.53%
Year-to-Date Performance: 242.57%
Number of Hedge Fund Holders: 25
ImmunityBio, Inc. (NASDAQ:IBRX) ranks among the best-performing growth stocks so far in 2026. On June 1, ImmunityBio, Inc. reported that it presented two research posters and one online publication at the American Society of Clinical Oncology (ASCO) Annual Meeting, which was held from May 29 to June 2, 2026, in Chicago.
The presentations included results from two randomized Phase 3 trials in advanced non-small cell lung cancer (NSCLC) and a matched adjusted indirect comparison (MAIC) in BCG-unresponsive non-muscle invasive bladder cancer (NMIBC). The presentations evaluated ANKTIVA (nogapendekin alfa inbakicept-pmln), the company’s IL-15 receptor agonist immunotherapy, which is designed to activate natural killer (NK) cells, CD4+ and CD8+ T cells, and memory T cells across different solid tumor types.
According to the report by ImmunityBio, Inc., ANKTIVA is the first FDA-approved immunotherapy created to stimulate these important immune cells, which are depleted in patients with lymphopenia and play a key role in fighting cancer.
Growing long-term survival data across bladder, lung and other solid tumors support the idea that restoring immune competence and treating lymphopenia could become an important part of cancer care. The company believes these findings highlight the potential of activating and amplifying the immune system rather than suppressing it.
ImmunityBio, Inc. is a biotechnology company that is focused on developing and commercializing next-generation immunotherapies for cancer and infectious diseases.
3. MaxLinear, Inc. (NASDAQ:MXL)
Year-Over-Year Revenue Growth: 40.89%
Year-to-Date Performance: 337.17%
Number of Hedge Fund Holders: 27
MaxLinear, Inc. (NASDAQ:MXL) ranks among the best-performing growth stocks so far in 2026. On June 3, Stifel increased its price target on MaxLinear, Inc. from $49 to $105 while keeping a Buy rating on the stock.
Analyst Tore Svanberg raised the price target after the company participated in Stifel’s 2026 Cross Sector 1-on-1 Conference. MaxLinear, Inc. was represented at the event by Co-Founder, Chairman, CEO and President Kishore Seendripu, along with CFO and Chief Corporate Strategy Officer Steven Litchfield.
The higher price target is based on a 65.0x CY27E price-to-earnings multiple and a 12.6x enterprise value-to-sales multiple. Stifel pointed to the structural rerating of data center and AI-exposed semiconductor companies as one of the reasons for the increase in the price target.
The firm also highlighted positive momentum across MaxLinear, Inc.’s product portfolio and said there could be upside to its current CY27E estimates.
MaxLinear, Inc. is a leading provider of radio frequency (RF), analog, digital and mixed-signal semiconductor products.
2. Applied Optoelectronics, Inc. (NASDAQ:AAOI)
Year-Over-Year Revenue Growth: 64.32%
Year-to-Date Performance: 346.97%
Number of Hedge Fund Holders: 55
Applied Optoelectronics, Inc. (NASDAQ:AAOI) ranks among the best-performing growth stocks so far in 2026. On May 8, Wolfe Research analyst George Notter reaffirmed its Peerperform rating on Applied Optoelectronics, Inc..
The research firm pointed to concerns about the company’s ability to keep up with strong demand from cloud providers. Applied Optoelectronics, Inc. reported Q1 sales of $151.1 million and a loss of $0.07 per share, falling short of market expectations of $157 million in revenue and a loss of $0.05 per share. This weaker performance was mainly due to lower-than-expected data center sales.
For Q2, Applied Optoelectronics, Inc. expects revenue between $180 million and $198 million and earnings of $0.00 per share at the midpoint of its guidance. This compares to market estimates of $197 million in revenue and earnings of $0.07 per share.
The company lifted its 2026 outlook to $1.1 billion in sales and $140 million in operating profit, up from the previous guidance of $1 billion in sales and over $100 million in operating profit. Applied Optoelectronics, Inc. also increased its forecast for monthly transceiver sales by mid-2027 to $471 million from its previous estimate of $378 million, supported by stronger revenue from 1.6T products.
Wolfe Research also introduced its 2028 forecast of $2.837 billion in sales and $5.00 in earnings per share for the company.
Applied Optoelectronics, Inc. is a leading developer and manufacturer of advanced optical and Hybrid Fiber-Coax (HFC) networking products for AI datacenters, CATV and broadband fiber access networks. It serves customers across cloud computing, CATV broadband, telecommunications, and fiber-to-the-home (FTTH) markets.
1. SanDisk Corporation (NASDAQ:SNDK)
Year-Over-Year Revenue Growth: 82.76%
Year-to-Date Performance: 466.53%
Number of Hedge Fund Holders: 114
SanDisk Corporation (NASDAQ:SNDK) ranks among the best-performing growth stocks so far in 2026. On June 8, BofA analyst Wamsi Mohan lifted the firm’s price target on SanDisk Corporation from $1,550 to $2,100 and kept a Buy rating on the stock after the company’s investor relations team attended the bank’s 2026 Global Technology Conference in San Francisco.
Investor discussion focused on SanDisk Corporation’s multi-year supply agreements with customers. The company refers to these as new business models (NBMs). Under these contracts, prices remain fixed for an initial period before moving to variable pricing. The structure is designed to keep margins within the guidance even if prices hit the floor.
BofA sees these contracts as “win-win” because they secure supply for customers while also providing the company with more predictable financial results. BofA kept its Buy rating on SanDisk Corporation, pointing to “valuation, beneficial joint venture partnership, share gains, and long-term potential for industry consolidation.”
The bank also raised its fiscal 2027 revenue and EPS estimates for SanDisk Corporation to $44 billion and $188, respectively, up from BofA’s previous forecasts of $37.7 billion and $154. The bank highlighted “strong trends in pricing and continued strong demand.”
Sandisk Corporation is an American computer technology company that designs and manufactures flash solutions and advanced memory technologies, including SSDs, memory cards, and USB Flash Drives.
