5 Best Performing Quantum Computing Stocks So Far in 2026

In this article, we will take a look at the 5 Best Performing Quantum Computing Stocks So Far in 2026 For a deeper discussion and an extended list, please see the 10 Best Performing Quantum Computing Stocks So Far in 2026. 

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5. ON Semiconductor Corporation (NASDAQ:ON)

Year-to-date return as of May 19: 86.98%

On May 19, Mizuho analyst Vijay Rakesh raised ON Semiconductor Corporation (NASDAQ:ON)’s price target to $130 from $120. The analyst maintained an “Outperform” rating on the shares, telling investors that channel checks show “analog continues to see tailwinds from AI server ramps.” The firm also stated that memory demand remains strong across NAND and DRAM, with supply expected to stay tight into early 2027.

On May 5, Reuters reported the company forecasted Q2 revenue of $1.54 billion to $1.64 billion. It surpassed estimates of $1.53 billion. The firm also projected adjusted EPS of 65 to 77 cents, as compared to expectations of 65 cents.

ON Semiconductor Corporation (NASDAQ:ON) delivered a strong first quarter, reporting revenue of $1.51 billion, beating estimates of $1.49 billion. The corporation posted adjusted EPS of 64 cents, ahead of the 60-cent estimate, Reuters said.

CEO Hassane El Khoury said demand “strengthened through the quarter,” and that the company has “moved beyond the cyclical trough.”

ON Semiconductor Corporation (NASDAQ:ON) provides intelligent power and sensing solutions primarily for the automotive and industrial markets. It works in the Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group segments.