The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electronic components stocks fared in Q3, starting with nLIGHT (NASDAQ: LASR).

Like many equipment and component manufacturers, electronic components companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include data centers and telecommunications, which can benefit companies whose optical and transceiver offerings fit those markets. But like the broader industrials sector, these companies are also at the whim of economic cycles. Consumer spending, for example, can greatly impact these companies’ volumes.

The 10 electronic components stocks we track reported an exceptional Q3. As a group, revenues beat analysts’ consensus estimates by 4.5% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 4.1% on average since the latest earnings results.

nLIGHT (NASDAQ: LASR)

Founded by a former CEO and Harvard-educated entrepreneur Scott Keeneyn, nLIGHT (NASDAQ: LASR) offers semiconductor and fiber lasers to the industrial, aerospace & defense, and medical sectors.

nLIGHT reported revenues of $66.74 million, up 18.9% year on year. This print exceeded analysts’ expectations by 5.4%. Overall, it was an incredible quarter for the company with EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

“3Q 2025 represented another solid quarter of execution for nLIGHT with record revenue from our A&D markets driving our results,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer.

Interestingly, the stock is up 14.5% since reporting and currently trades at $34.12.

Is now the time to buy nLIGHT? Access our full analysis of the earnings results here, it’s free for active Edge members.

Vicor (NASDAQ: VICR)

Founded by a researcher at the Massachusetts Institute of Technology, Vicor (NASDAQ: VICR) provides electrical power conversion and delivery products for a range of industries.

Vicor reported revenues of $110.4 million, up 18.5% year on year, outperforming analysts’ expectations by 15.7%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Vicor scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 41.6% since reporting. It currently trades at $93.19.

Is now the time to buy Vicor? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Novanta (NASDAQ: NOVT)

Originally a pioneer in the laser scanning industry during the late 1960s, Novanta (NASDAQ: NOVT) offers medicine and manufacturing technology to the medical, life sciences, and manufacturing industries.

Novanta reported revenues of $247.8 million, up 1.4% year on year, exceeding analysts’ expectations by 0.8%. Still, it was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates.

Novanta delivered the slowest revenue growth in the group. As expected, the stock is down 16% since the results and currently trades at $114.13.

Read our full analysis of Novanta’s results here.

Bel Fuse (NASDAQ: BELFA)

Founded by 26-year-old Elliot Bernstein during the electronics boom after WW2, Bel Fuse (NASDAQ: BELF.A) provides electronic systems and devices to the telecommunications, networking, transportation, and industrial sectors.

Bel Fuse reported revenues of $179 million, up 44.8% year on year. This print beat analysts’ expectations by 3.7%. It was an incredible quarter as it also put up a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Bel Fuse pulled off the fastest revenue growth among its peers. The stock is up 2.7% since reporting and currently trades at $139.35.

Read our full, actionable report on Bel Fuse here, it’s free for active Edge members.

Littelfuse (NASDAQ: LFUS)

The developer of the first blade-type automotive fuse, Littelfuse (NASDAQ: LFUS) provides electrical protection and control components for the automotive, industrial, electronics, and telecommunications industries.

Littelfuse reported revenues of $624.6 million, up 10.1% year on year. This number met analysts’ expectations. Overall, it was a strong quarter as it also produced an impressive beat of analysts’ Electronics revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.

Littelfuse had the weakest performance against analyst estimates among its peers. The stock is down 2.1% since reporting and currently trades at $257.11.

Read our full, actionable report on Littelfuse here, it’s free for active Edge members.

Market Update

As a result of the Fed’s rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed’s 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump’s victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025.

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