Fabless design
Companies such as NVIDIA, AMD and Broadcom design chips and pay foundries to manufacture them, so they carry less factory capital but depend on outside wafer, packaging and memory supply.
Semiconductor stocks
Semiconductor companies design or manufacture the chips that process, store and convert data and power in computers, phones, cars, factories and data centers. They make money by selling chips per unit, by selling the equipment and materials used to make them, or by licensing designs, and their results rise and fall with end-market demand and industry capacity.
How semiconductor companies make money
Integrated device manufacturers
Companies such as Intel, Texas Instruments and Micron design and fabricate their own chips. Owning fabs brings high fixed costs, so utilization strongly affects margins.
Equipment and materials suppliers
Applied Materials and peers sell the tools used to build chips. Their orders follow chipmakers' capital spending plans rather than unit sales of finished devices.
What drives semiconductor stocks
- ◆Data-center and AI accelerator spending by cloud providers
- ◆PC, smartphone, automotive and industrial unit demand
- ◆Industry capacity additions and customer inventory levels
- ◆Export controls and trade policy, especially involving China
- ◆Leading-edge manufacturing and advanced-packaging capacity
Key risks
- ◆Cyclical oversupply that compresses prices, especially in memory
- ◆Dependence on a small number of foundries and suppliers concentrated in Asia
- ◆Export restrictions that close markets or strand inventory
- ◆Rapid product transitions that can leave older inventory unsold
KPIs to track
- Gross margin
- Shows pricing power and factory utilization; it usually moves before revenue turns.
- Inventory days
- Rising inventory at chipmakers or customers often precedes price cuts and slower orders.
- Revenue by end market
- Data center, client, automotive and industrial exposures follow different cycles.
- Capital expenditure
- Heavy for manufacturers; for equipment suppliers it is effectively their customers' demand.
- Customer concentration
- Many chipmakers disclose customers above 10% of revenue in their 10-K.
Fiscal calendars in this group
Fiscal calendars vary widely in this group: several companies use 52- or 53-week years ending on a weekday near a month end, and some end their year in January, June or September. Match periods before comparing annual growth.
| Fiscal year end (SEC) | Companies |
|---|---|
| December 31 | ENPH, FSLR, MPWR, NXPI, ON, TXN |
| January 31 | NVDA |
| March 31 | MCHP |
| September 2 | MU |
| October 2 | SWKS |
| October 26 | AMAT |
| October 31 | ADI |
| November 1 | AVGO |
| December 26 | AMD |
| December 27 | INTC |
Semiconductor stocks: company profiles and annual filings
Advanced Micro Devices, Inc. (AMD)
Company research page
AMD designs CPUs and GPUs for PCs, servers, and gaming consoles, positioning itself as the primary challenger to both Intel and NVIDIA. Its data-center accelerators are central to its ambitions in the AI compute market.
- Fiscal year end in SEC snapshot
- December 26
- Annual report period end
- 2025-12-27
Broadcom Inc. (AVGO)
Company research page
Broadcom supplies networking, broadband, and custom silicon alongside a large enterprise-software portfolio anchored by VMware. The company is a key beneficiary of demand for AI-focused data-center connectivity.
- Fiscal year end in SEC snapshot
- November 1
- Annual report period end
- 2025-11-02
Intel Corporation (INTC)
Company research page
Intel is a historic leader in microprocessors that is investing heavily to rebuild its manufacturing edge and build a foundry business for outside customers. Its US fabs make it a focal point of domestic chip policy.
- Fiscal year end in SEC snapshot
- December 27
- Annual report period end
- 2025-12-27
Micron Technology, Inc. (MU)
Company research page
Micron is one of the few global producers of DRAM and NAND memory, components essential to computers, phones, and AI servers. Demand for high-bandwidth memory used in AI accelerators has become a major growth driver.
- Fiscal year end in SEC snapshot
- September 2
- Annual report period end
- 2026-09-03
NVIDIA Corporation (NVDA)
Company research page
NVIDIA makes the graphics processors and data-center accelerators that train and run most modern AI models. Its chips have become the default hardware of the AI boom, making it a bellwether for the entire sector.
- Fiscal year end in SEC snapshot
- January 31
- Annual report period end
- 2026-01-25
Analog Devices, Inc. (ADI)
Analog Devices designs high-performance analog, mixed-signal, and power-management chips for industrial, communications, and automotive markets.
- Fiscal year end in SEC snapshot
- October 31
- Annual report period end
- 2025-11-01
Applied Materials, Inc. (AMAT)
Applied Materials makes the manufacturing equipment that chipmakers use to fabricate semiconductors. As the largest supplier in its field, its orders serve as a leading indicator of industry capital spending.
- Fiscal year end in SEC snapshot
- October 26
- Annual report period end
- 2025-10-26
Enphase Energy, Inc. (ENPH)
Enphase Energy makes microinverters and battery systems that convert and store power for residential solar installations.
- Fiscal year end in SEC snapshot
- December 31
- Annual report period end
- 2025-12-31
First Solar, Inc. (FSLR)
First Solar manufactures thin-film solar photovoltaic panels for large utility-scale power plants.
- Fiscal year end in SEC snapshot
- December 31
- Annual report period end
- 2025-12-31
Microchip Technology Incorporated (MCHP)
Microchip makes microcontrollers, analog chips, and embedded-control products used in automotive, industrial, and consumer devices.
- Fiscal year end in SEC snapshot
- March 31
- Annual report period end
- 2026-03-31
Monolithic Power Systems, Inc. (MPWR)
Monolithic Power Systems designs high-efficiency power-management chips for computing, automotive, and consumer electronics.
- Fiscal year end in SEC snapshot
- December 31
- Annual report period end
- 2025-12-31
NXP Semiconductors N.V. (NXPI)
NXP designs semiconductors for automotive, secure identification, and industrial applications, with a leading position in car electronics.
- Fiscal year end in SEC snapshot
- December 31
- Annual report period end
- 2025-12-31
ON Semiconductor Corporation (ON)
ON Semiconductor makes power and sensing chips used heavily in electric vehicles, industrial automation, and renewable energy.
- Fiscal year end in SEC snapshot
- December 31
- Annual report period end
- 2025-12-31
Skyworks Solutions, Inc. (SWKS)
Skyworks designs radio-frequency chips that enable wireless connectivity in smartphones and other connected devices.
- Fiscal year end in SEC snapshot
- October 2
- Annual report period end
- 2025-10-03
Texas Instruments Incorporated (TXN)
Texas Instruments is a leading maker of analog and embedded processing chips used across industrial, automotive, and consumer electronics. It is expanding US manufacturing capacity to secure long-term supply.
- Fiscal year end in SEC snapshot
- December 31
- Annual report period end
- 2025-12-31
Compare companies in this industry
ADI vs AMD
Compare Analog Devices, Inc. and Advanced Micro Devices, Inc.: business context, fiscal calendars and official filings.
ADI vs AVGO
Compare Analog Devices, Inc. and Broadcom Inc.: business context, fiscal calendars and official filings.
ADI vs INTC
Compare Analog Devices, Inc. and Intel Corporation: business context, fiscal calendars and official filings.
ADI vs MU
Compare Analog Devices, Inc. and Micron Technology, Inc.: business context, fiscal calendars and official filings.
ADI vs NVDA
Compare Analog Devices, Inc. and NVIDIA Corporation: business context, fiscal calendars and official filings.
AMAT vs AMD
Compare Applied Materials, Inc. and Advanced Micro Devices, Inc.: business context, fiscal calendars and official filings.
AMAT vs AVGO
Compare Applied Materials, Inc. and Broadcom Inc.: business context, fiscal calendars and official filings.
AMAT vs INTC
Compare Applied Materials, Inc. and Intel Corporation: business context, fiscal calendars and official filings.
Research on semiconductor companies
Custom AI Chips vs GPUs: The EconomicsFree researchWhat Is HBM? AI Memory ExplainedFree researchHBM Yield and Supply-Chain Bottlenecks ExplainedFree researchAI Infrastructure Bottleneck Tracker: Power, HBM & NetworksFree researchAI Infrastructure Investing Map: Where the Money Flows in 2026Free research
Sources and method
Industry codes and annual filing references come from the SEC submissions snapshot linked to each issuer in our company catalog (snapshot ; newer filings may exist). Only groups with at least three distinct issuers, business descriptions and annual filing links are included. Multiple share classes of one issuer count as one company. This is a coverage directory, not a complete industry census or a ranking of investments.
The industry explanation above is editorial and general; it is not drawn from any single company's filing. Company-specific figures are on each stock page with a link to the filing they come from.
SEC Standard Industrial Classification code list explains the classification system. Read our research methodology or browse all industry directories.
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