In this article, we will discuss: 10 Best Performing Quantum Computing Stocks So Far in 2026.
On April 28, McKinsey Quantum Technology Monitor 2026 report stated that quantum computing has reached a commercial tipping point, with over 300 companies adopting the technology and creating a multibillion-dollar market. According to McKinsey, firms are transitioning from pilots to embedded applications, with early adopters putting quantum into entire operations. The firm revealed that quantum computing companies produced more than $1 billion in revenue in 2025, with a projected rise to $4.4 billion by 2028. It said that quantum computing could make $1.3 trillion to $2.7 trillion in economic value by 2035. One-third of companies invested over $10 million in quantum projects in 2025, with 7% spending more than $50 million.
McKinsey also disclosed that private investment in quantum startups is expected to reach $12.6 billion in 2025, a 6.3 times growth from 2024, with computing firms taking up 90%. It also stated that 72% of adoption occurs in privately owned businesses, while Europe is leading the progress. The firm stated that hybrid systems that combine classical and quantum computing are gaining popularity.
With that said, here are the 10 Best Performing Quantum Computing Stocks So Far in 2026.
Photo by Mika Baumeister on Unsplash
Methodology:
We began with a pool of 20 stocks from the Quantum Computing Stocks and identified those that have delivered positive returns in 2026 so far. We then picked the top 10 stocks with the highest Year-to-Date return as of May 19. We have limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. The stocks are ranked in ascending order of their year-to-date performance.
Note: The stocks listed in our article are not pure-play quantum computing stocks, but indirect beneficiaries. These stocks are well-positioned to gain from the broader quantum computing boom.
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10. Applied Materials, Inc. (NASDAQ:AMAT)
Year-to-date return as of May 19: 51.34%
Applied Materials, Inc. (NASDAQ:AMAT) is among the Best Performing Stocks.
On May 14, Reuters reported that Applied Materials, Inc. (NASDAQ:AMAT) outlook for Q3 revenue and profit is above projections because of strong artificial intelligence and data center demand.
The company sees revenue coming in at about $8.95 billion plus or minus $500 million, beating LSEG expectations of $8.09 billion. On the earnings side, the firm expects adjusted EPS of $3.36, above the $2.88 estimates. It reported Q2 revenue of $7.91 billion, going beyond the $7.65 billion projections.
Chief Executive Gary Dickerson said “rising demand” and “increasing long term visibility” are helping “multi-year revenue and profit growth.”
Applied Materials, Inc. (NASDAQ:AMAT) also forecasts above 30% surge in semiconductor equipment and more than 50% growth in packaging revenue for 2026. CFO Brice Hill said the firm has raised build plans, inventory, and logistics capacity to meet demand.
Morningstar analyst William Kerwin said the outlook shows a “strengthening” artificial intelligence-driven investment cycle in wafer fabrication equipment.
Applied Materials, Inc. (NASDAQ:AMAT) is a firm that provides materials engineering solutions used in semiconductor manufacturing. Its segments include Semiconductor Systems and Applied Global Services.
9. Analog Devices, Inc. (NASDAQ:ADI)
Year-to-date return as of May 19: 51.35%
On May 20, Reuters reported that Analog Devices, Inc. (NASDAQ:ADI) forecast Q3 revenue above estimates, showing growing artificial intelligence infrastructure demand.
The company guided to roughly $3.9 billion, plus or minus $100 million, above LSEG predictions of $3.62 billion, while expecting adjusted EPS of $3.30, plus or minus $0.15, ahead of $3.00 estimates, Reuters said. The second quarter was solid with revenue exceeding $3.62 billion, beating $3.51 billion projections, and adjusted EPS reaching $3.09, topping $2.90.
CFO Richard Puccio said the firm saw “growing demand” and “record bookings” across industrial, automotive, and communications markets.
Alongside the outlook, on the same day, Reuters reported that Analog Devices, Inc. (NASDAQ:ADI) said it will acquire Empower Semiconductor for about $1.5 billion in cash to expand its AI-focused power portfolio. Empower CEO Tim Phillips claimed the firm handles “the hardest problem in AI power delivery.”
Analog Devices, Inc. (NASDAQ:ADI) is a semiconductor business that brings together analog, digital, and software technologies into engineering solutions.
8. GLOBALFOUNDRIES Inc. (NASDAQ:GFS)
Year-to-date return as of May 19: 80.85%
On May 21, GLOBALFOUNDRIES Inc. (NASDAQ:GFS) launched Quantum Technology Solutions, creating a business to scale quantum manufacturing, the company said.
The work starts with active customer engagements and a list of quantum innovators, while building on investments in cryogenic CMOS, advanced packaging, and materials science, the company said. It stated that the platform will manufacture quantum hardware over quantum processor units, control ICs, and interconnects.
The U.S. Department of Commerce and GLOBALFOUNDRIES Inc. (NASDAQ:GFS) signed a letter of intent for a $375 million award to accelerate the build-out. The department will take a strategic equity stake of about 1%, the company said.
Chief Executive Tim Breen said “deepening our partnership” with the US government will expand domestic manufacturing and supply-chain strength.
Chief Technology Officer Gregg Bartlett said quantum hardware is shifting “from lab-scale to industrial scale,” and the company is “building the QPU” for utility-scale systems.
GLOBALFOUNDRIES Inc. (NASDAQ:GFS) provides foundry solutions and manufactures semiconductors. It provides global shuttle, mask, post-fab, and turnkey services.
7. Coherent Corp. (NYSE:COHR)
Year-to-date return as of May 19: 81.97%
On May 6, Coherent Corp. (NYSE:COHR) reported Q3 fiscal 2026 results, posting revenue of $1.81 billion, rising 21% year over year and 27% on a pro forma basis, according to the company.
Margins improved alongside growth as Coherent Corp. (NYSE:COHR) stated GAAP gross margin reached 37.7%, up 243 basis points. Non-GAAP gross margin touched 39.6%, while GAAP EPS was $0.97, climbing to $1.08, and non-GAAP EPS was $1.41, rising $0.50.
Chief Executive Jim Anderson tied the growth to demand, saying the company delivered “strong financial performance,” and that “accelerating revenue growth, expanding margins, and improving profitability” was because of datacenter and communications strength. Jim also added that AI datacenter scaling is pushing capacity expansion.
Chief Financial Officer Sherri Luther said “significant revenue growth together with gross margin expansion” lifted GAAP and non-GAAP EPS. She also mentioned that the company is increasing capital investment to expand capacity in response to “strong visibility” of demand.
Coherent Corp. (NYSE:COHR) produces, refines, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for the industrial, communications, electronics, and instrumentation markets. It works through networking, materials, and laser areas.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Year-to-date return as of May 19: 85.28%
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Performing Stocks.
On May 21, Reuters reported that Advanced Micro Devices, Inc. (NASDAQ:AMD) plans to invest in Taiwan, committing over $10 billion to its AI sector to expand chip production capacity and deepen partnerships.
The company said it will work with Taiwanese packaging and testing provider ASE and its unit SPIL to make more power-efficient technology for AI systems and processors. It will also be working with PTI, Sanmina, Wiwynn, Wistron, and Inventec.
Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Chief Executive Officer Lisa Su said, “As AI adoption accelerates, our global customers are rapidly scaling AI infrastructure to meet growing compute demand,” adding that the effort allows “integrated, rack-scale AI infrastructure.”
The company said the technology will support its Venice CPUs built on TSMC’s 2-nanometer process, while also stating it has started stepping up production of those chips.
As of May 19, the stock is up by 85.28% year to date.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company working in high-performance computing and graphics solutions. Its portfolio includes microprocessors, graphics processors, and system-on-chip solutions designed for data centers, gaming, and embedded systems.
While we acknowledge the potential of AMD 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 AMD and that has 100x upside potential, check out our report about the cheapest AI stock.
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