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.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
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.
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. (NASDAQ:STRL) 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. (NASDAQ:STRL) 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. (NASDAQ:STRL) 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. (NASDAQ:STRL), giving the stock an Outperform rating and setting the price target at $950.
The firm noted that Sterling Infrastructure, Inc. (NASDAQ:STRL) 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. (NASDAQ:STRL) 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. (NASDAQ:MRVL) 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. (NASDAQ:MRVL) 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. (NASDAQ:MRVL) 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. (NASDAQ:MRVL) the “next trillion dollar company.”
In its latest quarterly earnings report, Marvell Technology, Inc. (NASDAQ:MRVL) projected that its custom chip business would surpass $10 billion in revenue in fiscal 2029.
Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.
While we acknowledge the potential of MRVL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about the cheapest AI stock.
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