Q1 2026 Semiconductor Demand Jumps 13.1% The Biggest Surge in Five Years, and Lead Times Are Extending Fast
Global semiconductor demand climbed 13.1% sequentially in Q1 2026 the largest quarterly jump in at least five years pushing inventories to a five year low and forcing lead times higher across nearly every product class. With the industry on track for a record $1.3 trillion in 2026 revenue, here's what's driving the surge and what procurement teams need to do now.