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 (NASDAQ:WDC) 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 (NASDAQ:WDC) 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 (NASDAQ:WDC) 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 (NASDAQ:WDC) 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 (NASDAQ:SIMO) 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 (NASDAQ:SIMO) 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 (NASDAQ:SIMO) 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 (NASDAQ:SIMO) 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.
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