Top 5 ASX Semiconductor Stocks for 2026

The world is racing towards an age where innovation runs on chips and these semiconductor stocks are riding a wave of rapidly growing global demand.

Weebit Nano Limited (ASX: WBT)

started FY26 on a really strong note as customer adoption picked up fast and cash receipts hit a new record.

The company is slowly cementing its place as a major independent ReRAM provider especially now when chip designers and foundries are hunting for next-generation memory options.

The biggest recent highlight was that the company successfully taped-out the first test chips using Weebit ReRAM at onsemi’s 300mm fab. 

Customer receipts climbed to a record $7.3 million in the latest quarter helped by a bunch of new deals and the balance sheet also looked solid with $91.6 million cash.

The company seems quite confident about getting more licensing agreements before year end. 

Archer Materials Limited (ASX: AXE)

had an important quarter as it pushed its biochip platform and also added a few new partnerships. 

One of the key updates came on 10 November 2025, when Archer said it had signed an agreement with CSIRO to work on Quantum Machine Learning models for spotting fraud in financial transactions. 

The company finished the quarter with about $11.6 million in cash and zero debt which shows they are currently keeping a capital-light approach.

FY26 could be a major year for Archer as the 12CQ chip is getting close to early qubit demonstrations and the partnerships with IMEC and EPFL are accelerating development.

Nvidia Corporation (NASDAQ: NVDA)

is strengthening its position continuously and one of its biggest steps recently was a US$1 billion equity investment in Nokia giving it roughly a 2.9% stake.

Nvidia has also partnered with the plan is to deploy nearly 100,000 autonomous cars within Uber’s global ride network. 

The company also introduced NVQLink which is a system that connects quantum computers directly with Nvidia’s AI chips.

The balance sheet is very healthy as of the latest quarter with current assets of around US$102.2 billion and its revenue jumped 55% year-on-year to US$46.7 billion and net income grew 59% to US$26.4 billion.

Advanced Micro Devices, Inc. (NASDAQ: AMD)

had an excellent September quarter as demand for its AI accelerators, server CPUs and gaming chips is going up at a massive rate. 

AMD generated around US$5.1 billion in operating cash flow in the nine months till September and finished the quarter holding about US$7.2 billion in cash and short-term investments.

For the September 2025 quarter, AMD reported revenue of US$9.25 billion which is an impressive 36% jump from last year. 
Data centre revenue was US$4.34 billion because of the huge demand for 5th-gen EPYC processors and MI350 GPUs.

The company expects demand for AI accelerators and high-performance server CPUs to stay strong through FY26. 

Broadcom Inc. (NASDAQ: AVGO)

is riding record demand for networking chips, AI accelerators and also its subscription software which helped deliver one of its biggest quarterly profits ever.

Broadcom reported total around US$15.95 billion in revenue for the quarter which is a big jump from last year’s US$13.07 billion while Subscription and services revenue climbed to US$6.70 billion.

The company generated net income of $4.14 billion and paid out US$2.78 billion in dividends while also buying back about US$2.45 billion of stock under the US$10 billion buyback plan.

Broadcom expects semiconductor demand to stay steady, mainly coming from AI servers, high-speed networking gear and custom accelerators as cloud companies keep scaling their AI clusters. 

(Source: Company Reports)