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Garmin ( GRMN ) posted fiscal 2025 revenue of record $7.245B, up 15% year-over-year, posting record results in all five segments and pro forma EPS of $8.56, while the company approved a new $500M share repurchase program and profit rose 17% year-over-year to $4.20. Synaptics ( SYNA ) reported revenue of $302.5M in Q2 of fiscal 2026, up 13% year over year, with sales of core IoT products up 53% and the company already offering prototypes of AI solutions for humanoid robots. QuantumScape (QS) generated $19.5M in customer bills for the first time since opening its Eagle Line pilot production facility in 2025, expanded its PowerCo contract to 85 GWh of annual capacity, and extended its cash flow by the end of the decade.
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Garmin, Synaptics, and QuantumScape represent three different tiers of opportunity: Garmin is a diverse technology mix machine with strong fundamentals, Synaptics is riding the AI hardware wave with direct exposure to humanoid robotics, and QuantumScape has gone from pre-revenue to commercial production by winning real customer potential.
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An analyst named NVIDIA just named his top 10 AI stocks in 2010. Get it for free here.
Most investors who follow AI plays look at megacaps like this. Meanwhile, three companies are quietly delivering near-term value results: a GPS and wearables big-print record revenue, a semiconductor company riding the edge of the AI wave, and a pre-revenue battery startup that just passed its first commercial round. Ranking from most speculative to most established.
QuantumScape (NYSE:QS) is the highest risk name on this list, and the price action reflects that. The stock is down 35.41% year-to-date, sitting at $6.73 as of March 13, 2026, well off its post-SPAC high.
But the story below is more interesting than the chart suggests. QuantumScape makes solid-state lithium metal batteries using a proprietary ceramic separator, and it just opened its Eagle Line pilot production facility on February 4, 2026. More importantly, it generated $19.5 million in first-time customer billings for the year 2025, a number that has never been significant for a company but a symbol of its output.
READ: The analyst named NVIDIA in 2010 Just naming his top 10 AI stocks
The Cobra-based QSE-5 cells have been transferred to Volkswagen Group PowerCo, and the PowerCo contract has been expanded to allow 85 GWh of total annual production, including for non-Volkswagen customers. Two additional major global auto OEMs signed up in 2025.
The losses remain significant. Full-year 2025 net loss is expected to reach $435 million, up from $477.9 million in 2024. The company has guided for an adjusted EBITDA loss of $250 million to $275 million in 2026, with total liquidity of $970.8 million and extended cash flow by the end of the decade.
CEO Siva Sivaram put it bluntly: “This quarter is a major inflection point in our journey, and we are now firmly in the commercialization phase of our company.” Whether the technology will scale is still an open question, but the steps are real, although the road to profitability is long.
Synaptics (NASDAQ: SYNA) doesn’t get much attention in the AI conversation, despite its direct exposure to one of the fastest-growing hardware topics. The company makes chips that bring AI inference to edge devices—IoT sensors, industrial equipment, automation systems, and, increasingly, humanoid robots.
In its most recent quarter, Synaptics reported fiscal 2026 Q2 revenue of $302.5 million, up 13% year-over-year, marking two consecutive quarters of revenue growth. Core IoT product sales were great, up 53% year over year. Non-GAAP EPS came in at $1.21, beating estimates of $1.17.
CEO Rahul Patel put the article eloquently: “The rapid shift towards physical and edge AI aligns well with our diverse portfolio…we model our solutions on humanoids.” Humanoid robotics is one of the fastest-growing hardware categories in technology, and Synaptics is already in the room.
The stock has fallen 18.6% over the past month to $73.87 even as trading continues to execute. Operating cash flow rose 163% year over year to $60 million in Q2. The company bought back $43.6 million of its stock in the first six months of fiscal 2026, indicating management’s satisfaction with its approach.
The risk is that Synaptics is still posting GAAP losses, and Q3 guidance of $290 million plus or minus $10 million in revenue suggests a bit of a sequential step down. But Synaptics has direct contact with the edge AI theme through its chip portfolio.
Garmin (NYSE:GRMN) is a rare tech company that needs no narrative. You just need to look at the numbers.
FY2025 full-year revenue reached a record $7.245 billion, up 15% year-over-year. All five business segments delivered record revenues. The fitness segment grew 42% in Q4 alone. Pro forma EPS for the full year came in at $8.56, beating estimates by 4.64%. The company has $4.10 billion in cash and marketable securities with zero debt.
CEO Cliff Pemble kept it straight: “2025 was another year of significant growth and achievement for Garmin with record consolidated revenue, record revenue in all five of our segments, and record regular operating income.”
The capital return story is equally strong. The board proposed a 17% dividend increase for the year to $4.20 per share and approved a $500 million share repurchase program. Fiscal 2026 guidance calls for $7.9 billion in revenue and $9.35 in pro forma EPS.
The stock is up 15.56% year-to-date, but still trades at a reasonable number for a company growing 15% revenue without debt. The auto OEM segment is a soft spot, with legacy programs being scrapped, but it’s a small part of a very healthy whole.
These three names sit at very different points on the risk spectrum. The Garmin is a composite machine that rarely gets the credit it deserves. Synaptics is a semiconductor play on the edge of AI that bounces back despite strong fundamentals. QuantumScape is a long-term bet on battery technology that has cleared its initial commercial hurdles. For a diverse list of under-the-radar technical names, all three different profiles are worth further investigation.
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