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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies183
  • 7D5.7%
  • 3M14.3%
  • 1Y78.6%
  • YTD13.7%

The Electronic Equipment and Components industry is up 5.7% in the last week, with Corning up 13%. This takes the industry's 12 month performance to a gain of 79%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026US$747.5bUS$408.4bUS$15.3b30.4x48.9x1.8x
Sat, 21 Feb 2026US$756.7bUS$404.8bUS$15.0b29.2x50.3x1.9x
Mon, 19 Jan 2026US$701.6bUS$395.3bUS$16.0b27.8x43.8x1.8x
Wed, 17 Dec 2025US$659.3bUS$396.0bUS$16.2b24.3x40.8x1.7x
Fri, 14 Nov 2025US$669.8bUS$395.9bUS$16.1b23.9x41.7x1.7x
Sun, 12 Oct 2025US$607.5bUS$388.4bUS$13.7b24.9x44.3x1.6x
Tue, 09 Sep 2025US$591.8bUS$386.6bUS$13.5b23.5x43.9x1.5x
Thu, 07 Aug 2025US$569.2bUS$384.7bUS$13.7b23x41.7x1.5x
Sat, 05 Jul 2025US$544.5bUS$377.6bUS$13.6b25.5x40.1x1.4x
Mon, 02 Jun 2025US$483.3bUS$375.7bUS$13.4b21.9x36.1x1.3x
Wed, 30 Apr 2025US$426.6bUS$374.1bUS$13.6b20.6x31.5x1.1x
Fri, 28 Mar 2025US$439.7bUS$371.6bUS$13.9b21.2x31.7x1.2x
Sun, 23 Feb 2025US$467.4bUS$370.9bUS$14.8b23.8x31.6x1.3x
Tue, 21 Jan 2025US$478.3bUS$369.6bUS$15.6b25.9x30.8x1.3x
Thu, 19 Dec 2024US$475.4bUS$369.6bUS$15.6b24.9x30.5x1.3x
Sat, 16 Nov 2024US$468.1bUS$369.6bUS$15.8b23.2x29.6x1.3x
Mon, 14 Oct 2024US$457.1bUS$323.1bUS$15.9b24.1x28.8x1.4x
Wed, 11 Sep 2024US$413.6bUS$323.9bUS$15.8b21.6x26.2x1.3x
Fri, 09 Aug 2024US$397.8bUS$325.2bUS$15.7b21.2x25.4x1.2x
Sun, 07 Jul 2024US$428.0bUS$329.2bUS$15.1b21.3x28.3x1.3x
Tue, 04 Jun 2024US$432.8bUS$331.3bUS$15.3b21.3x28.4x1.3x
Thu, 02 May 2024US$409.0bUS$333.6bUS$15.6b18.9x26.3x1.2x
Sat, 30 Mar 2024US$423.1bUS$338.7bUS$15.7b19.1x27x1.2x
Mon, 26 Feb 2024US$408.0bUS$341.1bUS$14.9b19x27.3x1.2x
Wed, 24 Jan 2024US$396.7bUS$350.3bUS$13.7b19.7x29x1.1x
Fri, 22 Dec 2023US$399.3bUS$352.2bUS$13.7b21.2x29.1x1.1x
Sun, 19 Nov 2023US$367.4bUS$353.7bUS$13.9b18.7x26.4x1x
Tue, 17 Oct 2023US$364.2bUS$358.4bUS$14.4b17x25.3x1x
Thu, 14 Sep 2023US$374.3bUS$360.4bUS$14.6b16.4x25.6x1x
Sat, 12 Aug 2023US$386.1bUS$359.6bUS$15.0b16.6x25.8x1.1x
Mon, 10 Jul 2023US$392.7bUS$361.6bUS$15.0b17.1x26.1x1.1x
Wed, 07 Jun 2023US$368.6bUS$362.6bUS$15.1b16.4x24.4x1x
Fri, 05 May 2023US$341.7bUS$359.8bUS$15.1b16.2x22.6x0.9x
Sun, 02 Apr 2023US$376.7bUS$361.3bUS$16.2b17.2x23.3x1x
Price to Earnings Ratio

23.3x


Total Market Cap: US$376.7bTotal Earnings: US$16.2bTotal Revenue: US$361.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 31.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Electronic industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.9x which is higher than its 3-year average PE of 31.8x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market-0.15%
Tech-0.52%
Electronic Equipment and Components5.73%
Electronic Manufacturing Services10.45%
Electronic Components5.74%
Technology Distributors3.80%
Electronic Equipment and Instruments1.79%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.4x.
    • Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 8.0% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 63% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GLW CorningUS$146.3512.7%
+US$14.3b		210.7%PE78.8x
TEL TE ConnectivityUS$210.027.0%
+US$4.0b		40.3%PE29.8x
FN FabrinetUS$612.0322.3%
+US$4.0b		193.2%PE58.2x
COHR CoherentUS$272.045.8%
+US$2.9b		280.5%PE276.3x
JBL JabilUS$283.249.5%
+US$2.6b		96.9%PE37x

Latest News

GLW
US$146.35
Corning
7D
12.7%
1Y
210.7%
TEL
US$210.02
TE Connectivity
7D
7.0%
1Y
40.3%
NSIT
US$64.91
Insight Enterprises
7D
-11.8%
1Y
-57.8%
KEYS
US$293.12
Keysight Technologies
7D
3.2%
1Y
87.4%
JBL
US$283.24
Jabil
7D
9.5%
1Y
96.9%

JBL: Alliances And Buybacks Will Shape A Balanced Medium Term Outlook

Analysts now estimate Jabil's fair value at $293.11, up from the previous $264.50. This reflects updated assumptions regarding the discount rate, revenue growth, profit margin and future P/E.
TDY
US$625.37
Teledyne Technologies
7D
-1.3%
1Y
22.9%

TDY: Space And Defense Programs Will Support Medium Term Premium Multiple Re Rating

Analysts have nudged the fair value estimate for Teledyne Technologies slightly higher, supported by a series of recent price target increases across the Street that now range from around $579 to $770, as they factor in a short cycle recovery, Q4 results, updated long term guidance, and fresh analysis of the company's annual filing. Analyst Commentary Recent Street research on Teledyne clusters around a wide price target range, while keeping ratings largely in the middle of the road.
FN
US$612.03
Fabrinet
7D
22.3%
1Y
193.2%
NSSC
US$41.50
Napco Security Technologies
7D
-2.5%
1Y
74.2%

NSSC: Recurring Cloud Services And RMR Focus Will Drive Future Upside

Analysts have kept their $48.00 price target on Napco Security Technologies unchanged, citing largely consistent assumptions around the discount rate, revenue growth, profit margin, and future P/E multiple. What's in the News Napco Security Technologies is scheduled to participate in ISC West 2026, highlighting its "all under one roof" security portfolio across four core brands at a 2,500 sq.
UMAC
US$14.86
Unusual Machines
7D
-26.1%
1Y
114.1%
COHR
US$272.04
Coherent
7D
5.8%
1Y
280.5%
TTMI
US$108.00
TTM Technologies
7D
13.3%
1Y
383.9%

TTMI: Radar Demand And Margin Discipline Will Support Future Upside

Analysts have lifted their price targets on TTM Technologies by up to $36, with the latest updates pointing to refined assumptions on discount rates, revenue growth, profit margins, and future P/E. These changes keep the model fair value steady at $118.50.
MIR
US$18.81
Mirion Technologies
7D
-3.2%
1Y
25.0%

MIR: 2026 Guidance And Margin Assumptions Will Support Constructive Long Term Upside

Analysts have trimmed their price target for Mirion Technologies by $0.50 to $28.80, reflecting a slightly higher discount and modestly adjusted fair value and future P/E assumptions, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Mirion Technologies reported that between October 1, 2025 and December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program.
NOVT
US$117.65
Novanta
7D
-0.8%
1Y
-11.2%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their price target on Novanta to $150 from $138, citing updated Q4 models that suggest the company may be positioned for faster sales growth and margin expansion. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target to $150 as a sign that updated Q4 assumptions support a higher valuation range for the shares.
FWDI
US$4.87
Forward Industries
7D
-2.3%
1Y
23.3%
OUST
US$20.22
Ouster
7D
-4.0%
1Y
102.6%

OUST: Physical AI Focus And Balance Sheet Strength Will Support 2026 Separation

Analysts have adjusted their price target on Ouster to $38, reflecting expectations that the company can further differentiate itself from lidar peers as it focuses on industrial, smart infrastructure and robotics markets and benefits from what they view as a solid balance sheet. Analyst Commentary Analysts highlighting Ouster as a top pick for 2026 point to what they view as a clearer competitive position versus other lidar names, supported by a balance sheet they see as capable of ongoing investment.
FLEX
US$70.02
Flex
7D
10.4%
1Y
98.0%

FLEX: AI Power Segment Execution Will Support Higher Future Margins

Analysts have nudged the fair value estimate for Flex up by $2 to $80, highlighting firm views on the company's margin potential and the appeal of its power business as an AI enabler, along with recent price target support from new and updated coverage on the stock. Analyst Commentary Bullish analysts have recently highlighted Flex's potential for stronger margins and reinforced their confidence with fresh coverage and updated targets.