Bank of America identified Texas Instruments, Analog Devices, and STMicroelectronics as the strongest performers in the analog semiconductor sector. This assessment came in a Wednesday note to clients, following discussions with an executive from electronics distributor DigiKey.
The report highlighted a resilient and broadening upcycle for the industry. It noted robust momentum in the industrial and automotive markets. BofA analysts observed stronger-than-seasonal demand in the third quarter. They expect continued above-seasonal growth in the fourth quarter.
The note indicates the analog industry is one year into its current upcycle. This upcycle could extend through 2027. This outlook suggests sustained demand for the companies' products.