Industrial semiconductor manufacturers are experiencing significant growth, driven by inventory normalization in markets such as automotive and communications, alongside an increase in AI infrastructure investments. This dynamic is paving the way for a multiyear supercycle in the industry.
Analog Devices (NASDAQ: ADI) reported a 45% revenue increase in its Industrial segment and a 30% gain in Automotive for Q1 FY2026, with overall results exceeding analyst expectations. Onsemi (NASDAQ: ON) is projecting low-single-digit growth in Q1 FY2026, with expectations for accelerated double-digit growth by year-end, despite a mixed analyst response to recent results. Texas Instruments (NASDAQ: TXN) anticipates a 12% year-over-year growth in Q1 FY2026, though its Q4 FY2025 results fell short of estimates. Analysts are maintaining a cautious outlook for Texas Instruments while recognizing a potential recovery.
