Gotrade News - Four US semiconductor supply-chain names reported Q1 2026 results in a single cluster on Monday. AI infrastructure demand drove headline beats, but stock reactions diverged sharply across the group.
Cadence, Amkor, Rambus, and Sanmina each touched the AI data center thesis from a different angle. According to Motley Fool transcripts dated Monday (28/04), all four posted double-digit growth in AI-linked product lines.
--- - Cadence revenue of $1.474 billion grew 19% YoY with a record $8 billion backlog and IP segment up 22% YoY. - Amkor revenue jumped 27% YoY to $1.68 billion, with Communications segment up 42% YoY on iOS ecosystem strength. - Sanmina revenue surged 102% YoY to $4.01 billion as ZT Systems contributed $1.88 billion in AI server work. ---
Cadence delivered non-GAAP EPS of $1.96 and a non-GAAP operating margin of 44.7%. Management lifted full-year revenue guidance to a range of $6.125 billion to $6.225 billion.
The IP business climbed 22% YoY on AI, HPC, and automotive demand. Core EDA grew 18% YoY with hardware demand described as running at all-time highs.
Cadence also unveiled AI partnerships with Google and NVIDIA during the quarter. CDNS closed at $336.87, up 1.20% on the print.
Amkor posted EPS of $0.33 with gross margin of 14.2%, ahead of internal guidance. Computing revenue rose 19% YoY, with advanced AI packaging tracking to triple year-over-year in 2026.
Automotive and industrial revenue grew 28% YoY on ADAS and infotainment programs. Yet AMKR fell 3.17% to $75.62 as Q2 margin guidance underwhelmed sell-side models.
Rambus reported total revenue of $180.2 million, in line with prior guidance. Product revenue of $88 million grew 15% YoY, supported by DDR5 ramps and Gen 2 to Gen 3 memory transitions.
RMBS shares dropped 10.79% to $141.31 after the release. Investors flagged backend supply tightness that management indicated would persist through 2027.
Sanmina recorded fiscal Q2 revenue of $4.01 billion, up 102% YoY on the ZT Systems acquisition. Non-GAAP EPS of $3.16 grew 125% YoY, well above consensus expectations.
The Communications, Cloud, and AI Infrastructure segment expanded roughly 280% YoY. Management is now guiding fiscal 2027 revenue above $16 billion on accelerated compute demand.
The cross-cutting read is that AI infrastructure remains the dominant growth engine across chip design, packaging, memory IP, and contract manufacturing. Elevated valuations mean stocks now trade on guidance nuance rather than headline numbers.
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