Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Littelfuse (NASDAQ: LFUS) and the best and worst performers in the electronic components industry.

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.

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 print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with an impressive beat of analysts’ Electronics revenue estimates and a solid beat of analysts’ adjusted operating income estimates.

“We are pleased with our third quarter performance as we delivered strong revenue growth versus the prior year while our adjusted diluted earnings exceeded the high end of our guidance range reflecting solid execution amid mixed end market conditions,” said Greg Henderson, Littelfuse President and Chief Executive Officer.

Littelfuse delivered the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is down 2.1% since reporting and currently trades at $257.11.

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

Best Q3: 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, outperforming analysts’ expectations by 5.4%. The business had an incredible quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

The market seems happy with the results as the stock is up 14.5% since reporting. It 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.

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.

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. This print topped analysts’ expectations by 15.7%. It was an incredible quarter as it also recorded a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Vicor pulled off the biggest analyst estimates beat among its peers. The stock is up 41.6% since reporting and currently trades at $93.19.

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

Advanced Energy (NASDAQ: AEIS)

Pioneering technologies for radio frequency power delivery, Advanced Energy (NASDAQ: AEIS) provides power supplies, thermal management systems, and measurement and control instruments for various manufacturing processes.

Advanced Energy reported revenues of $463.3 million, up 23.8% year on year. This number surpassed analysts’ expectations by 5%. Overall, it was a stunning quarter as it also put up EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

The stock is up 9.6% since reporting and currently trades at $213.79.

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

Market Update

Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump’s presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.