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.
4. Arm Holdings plc (NASDAQ:ARM)
Year-to-date return as of May 19: 94.50%
On May 16, Reuters, citing Bloomberg News, reported that Arm Holdings plc (NASDAQ:ARM) faces a US antitrust probe, with the Federal Trade Commission investigating its semiconductor licensing practices.
The Federal Trade Commission is examining whether Arm Holdings plc (NASDAQ:ARM) is attempting to “illegally monopolize” parts of the chip market. It is also investigating whether it could reject or downgrade licensing agreements for its CPU blueprints, Bloomberg reported, citing people familiar with the matter, adding the regulator has requested document preservation.
Reuters said that the company declined to comment on any investigation, while the Federal Trade Commission did not respond to requests.
The firm said in a statement that Qualcomm made a “baseless allegation of anticompetitive conduct” to gain leverage in an ongoing dispute, while Qualcomm did not comment, Reuters reported.
Reuters said that South Korea’s antitrust authority has also investigated Arm Holdings plc (NASDAQ:ARM)’s offices during scrutiny of licensing practices tied to complaints linked to Qualcomm.
Arm Holdings plc (NASDAQ:ARM) is involved in the licensing, marketing, research, and development of microprocessors, system IP, graphics processing units, physical IP, and associated systems IP, software, and tools. It operates in the United Kingdom, the United States, and other countries segments.
3. Marvell Technology, Inc. (NASDAQ:MRVL)
Year-to-date return as of May 19: 97.19%
On May 21, Citi lifted its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $215 from $118. The firm also retained a “Buy” rating on the shares ahead of the May 27 earnings report, noting solid earnings expectations and sustained demand for Trainium 2 ASICs.
Citi said demand remains high, leading to sustained strength in custom AI silicon, as the firm upgraded its projections.
Separately, on April 22, Marvell Technology, Inc. (NASDAQ:MRVL) announced the acquisition of Polariton Technologies. The company added plasmonics-based silicon photonics to its portfolio, targeting higher bandwidth and power efficiency in next-generation optical interconnects. The deal plans to support scaling toward 3.2T and beyond as AI workloads drive data center demand.
President Data Center Group Marvell Technology, Inc. (NASDAQ:MRVL) Sandeep Bharathi said the acquisition “extends our optical roadmap.” He added that it strengthens the corporation’s position in high-speed connectivity for evolving cloud and AI infrastructure.
Marvell Technology, Inc. (NASDAQ:MRVL) works in the design, manufacturing, and sale of integrated circuits. It works in the United States, Singapore, Israel, India, China, and Others segments.
2. Micron Technology, Inc. (NASDAQ:MU)
Year-to-date return as of May 19: 121.53%
On May 19, Mizuho raised its target on Micron Technology, Inc. (NASDAQ:MU) to $800 from $740. It maintained an “Outperform” rating on the shares. The firm noted that stronger AI pushed demand across memory and analog markets.
Mizuho said channel checks show constant tailwinds from AI server ramps, with NAND and DRAM demand strengthening. The firm also expects supply to remain tight into the first half of 2027 and flagged a potential Samsung strike, the analyst told investors.
On May 12, Micron Technology, Inc. (NASDAQ:MU) reported that it had sampled 256GB DDR5 RDIMM modules to ecosystem partners. The company stated that it can reach rates of up to 9,200 MT/s, more than 40% faster than current modules, built on its 1-gamma DRAM technology. The module also reduces operating power by over 40% as compared to two 128GB units.
Senior vice president and general manager of the Cloud Memory Business Unit at Micron Technology, Inc. (NASDAQ:MU), Raj Narasimhan, said the product allows “significantly higher performance.”
Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.
1. Intel Corporation (NASDAQ:INTC)
Year-to-date return as of May 19: 181.36%
Intel Corporation (NASDAQ:INTC) is the Best Performing Stock.
On May 18, CNBC reported that Intel Corporation (NASDAQ:INTC) CEO Lip-Bu Tan said the firm’s foundry business is gaining momentum, noting improving manufacturing yields and rising customer attraction.
Tan said yield improvements have surpassed expectations, pointing out “the best practice is to see 7% or 8% yield improvement per month, and now I’m seeing it,” while underlining progress in the company’s 18A process. He described it as previously “not good” but now improving. He also added that better yields have begun attracting external customers.
CEO Tan said Intel Corporation (NASDAQ:INTC) expects deals from “multiple customers” in the second half of the year, adding “they are working with us” and the company is preparing to serve them.
CFO David Zinsner previously confirmed that outlook, saying on the April earnings call that customer signals should become “more concrete” in the second half and into early 2027.
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer goods and technologies. It provides computing, networking, data storage, and communication platforms. The company operates in four segments, including Client Computing Group, Data Center and AI, Intel Foundry Services, and All Other.
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