In this article, we’ll look at the 12 Best Tech Stocks that Beat Earnings Estimates.

Technology stocks have once again been doing what the broader market expects of them: delivering earnings growth. In its economic and market outlook for 2026, Vanguard wrote that “U.S. corporate earnings growth and fundamentals stayed strong, powered by AI investment,” even as markets wrestled with tariffs and sticky inflation. When capital spending remains elevated and fundamentals hold, quarterly results tend to separate execution from narrative.

Vanguard also noted that “U.S. technology stocks could well maintain their momentum given the rate of investment and anticipated earnings growth.” But the firm paired that optimism with a warning. “Risks are growing amid this exuberance,” particularly because earnings expectations are already high and creative disruption can quickly reshuffle leadership. In other words, the bar is elevated. Companies are not rewarded for simply participating in the AI cycle. They have to clear increasingly demanding estimates.

This is what makes earnings beats notably relevant right now. In an environment where capital expenditures are surging and valuations remain stretched, the market is watching whether tech companies are actually converting investment into profit growth. In view of this, we’ll look at the 12 Best Tech Stocks that recently topped Wall Street expectations.

Our Methodology

To arrive at the list of the 12 Best Tech Stocks that Beat Earnings Estimates, we used the Finviz stock screener to compile a list of Tech stocks that reported earnings that exceeded consensus estimates. We then ranked the names based on the number of hedge funds holding the stock, using Insider Monkey’s hedge fund database.

Why are we interested in the stocks that hedge funds pile into? 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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

12. Nova Ltd. (NASDAQ:NVMI)

Recent Earnings Report: Q4 adjusted EPS $2.14, consensus $2.12

Number of Hedge Fund Holders: 18

On February 13, 2026, Morgan Stanley raised its price target on Nova Ltd. (NASDAQ:NVMI) to $453 from $335 and maintained an Equal Weight rating following in-line earnings and wafer fab equipment guidance. Morgan Stanley said the update raises the question of whether Nova can outperform WFE, noting that historical execution suggests it could, but adding it is “not there yet.”

Also on February 13, 2026, BofA raised its price target to $510 from $450 and kept a Buy rating after Q4 results. BofA said the beat and raise were lighter than those of larger semiconductor capital equipment peers, but expects acceleration into 2026 as sales appear heavily second-half weighted. BofA added that Nova has better visibility and new product adoption. On February 12, 2026, Jefferies raised its price target on Nova to $520 from $390 and maintained a Buy rating, noting the company’s low-double digit WFE growth outlook is more aligned with KLA Corp’s (KLAC) view than Lam Research’s (LRCX) higher forecast, and describing Nova’s outlook as “on the conservative end and there is room for upside.”

On February 12, 2026, Nova reported Q4 revenue of $222.6M versus consensus of $220.83M. CEO Gaby Waisman said, “2025 was an exceptional year for Nova,” citing record revenue and profitability while supporting manufacturing challenges across advanced and mature nodes. He added that broad-based momentum and strategic qualifications of advanced metrology solutions position the company to capitalize on the upward investment cycle in 2026.

Nova Ltd. (NASDAQ:NVMI) designs, develops, produces, and sells process control systems used in semiconductor manufacturing globally.

11. GLOBALFOUNDRIES Inc. (NASDAQ:GFS)

Recent Earnings Report: Q4 EPS 55c, consensus 47c

Number of Hedge Fund Holders: 27

On February 12, 2026, UBS raised its price target on GLOBALFOUNDRIES Inc. (NASDAQ:GFS) to $50 from $45 and maintained a Neutral rating. UBS said 2026 is likely to be a transition year as the company’s end-market exposure shifts.

Also on February 12, 2026, TD Cowen analyst Krish Sankar raised his price target to $56 from $42 and kept a Buy rating, citing upside in the December quarter results and positive CY26 commentary driven by momentum in Comm/DC, Def/Aero, and Auto, partly offset by known mobile softness. Baird analyst Tristan Gerra raised his price target the same day to $60 from $40 and maintained an Outperform rating, updating his model and describing the stock as a value play on the ongoing upcycle with improving fundamentals.

On February 11, 2026, GlobalFoundries reported Q4 EPS of 55c versus consensus of 47c and Q4 revenue of $1.83B versus consensus of $1.8B. CEO Tim Breen said, “GF delivered a strong fourth quarter,” with revenue, gross margin, operating margin, and earnings per share at or above the high end of guidance ranges. He added that Non-IFRS gross margin expanded by nearly 400 basis points year-over-year and said recent acquisitions are expanding the company’s capabilities as it serves AI Data Center, Physical AI, and on-shoring megatrends.

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is a semiconductor foundry providing mainstream wafer fabrication services and technologies worldwide.