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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies183
  • 7D1.1%
  • 3M10.2%
  • 1Y74.4%
  • YTD7.7%

In the last week, the Electronic Equipment and Components industry is up 1.1%, with Corning up 4.7%. This takes the industry's 12 month performance to a gain of 74%. 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
Sun, 15 Mar 2026US$713.3bUS$406.8bUS$15.3b28.6x46.5x1.8x
Tue, 10 Feb 2026US$720.0bUS$404.3bUS$15.6b27.8x46x1.8x
Thu, 08 Jan 2026US$663.8bUS$393.7bUS$16.0b25.7x41.6x1.7x
Sat, 06 Dec 2025US$669.7bUS$396.0bUS$16.3b24.6x41x1.7x
Mon, 03 Nov 2025US$667.9bUS$394.0bUS$15.3b24.3x43.7x1.7x
Wed, 01 Oct 2025US$620.9bUS$388.8bUS$13.6b24.4x45.6x1.6x
Fri, 29 Aug 2025US$583.8bUS$386.6bUS$13.5b23.3x43.3x1.5x
Sun, 27 Jul 2025US$566.7bUS$382.4bUS$14.7b23.8x38.5x1.5x
Tue, 24 Jun 2025US$507.7bUS$376.8bUS$13.5b25x37.5x1.3x
Thu, 22 May 2025US$483.4bUS$375.5bUS$13.4b22.2x36x1.3x
Sat, 19 Apr 2025US$391.9bUS$371.4bUS$13.9b19.4x28.2x1.1x
Mon, 17 Mar 2025US$427.3bUS$371.1bUS$14.7b20.4x29x1.2x
Wed, 12 Feb 2025US$482.0bUS$370.6bUS$14.6b23.9x33x1.3x
Fri, 10 Jan 2025US$469.1bUS$368.1bUS$15.6b25.8x30.2x1.3x
Sun, 08 Dec 2024US$484.7bUS$369.6bUS$15.6b26.3x31.1x1.3x
Tue, 05 Nov 2024US$455.9bUS$369.7bUS$15.9b22.4x28.7x1.2x
Thu, 03 Oct 2024US$450.5bUS$323.1bUS$15.8b23.7x28.5x1.4x
Sat, 31 Aug 2024US$441.4bUS$324.0bUS$15.9b22.7x27.7x1.4x
Mon, 29 Jul 2024US$441.7bUS$328.2bUS$15.1b22.6x29.3x1.3x
Wed, 26 Jun 2024US$434.6bUS$329.5bUS$15.1b20.9x28.8x1.3x
Fri, 24 May 2024US$439.9bUS$331.3bUS$15.3b21.2x28.8x1.3x
Sun, 21 Apr 2024US$394.1bUS$338.7bUS$15.7b19.2x25.1x1.2x
Tue, 19 Mar 2024US$405.9bUS$339.9bUS$15.6b18.7x26x1.2x
Thu, 15 Feb 2024US$395.1bUS$342.2bUS$15.2b19.5x26x1.2x
Sat, 13 Jan 2024US$390.2bUS$350.3bUS$13.7b19.4x28.5x1.1x
Mon, 11 Dec 2023US$378.3bUS$353.4bUS$13.8b18.6x27.5x1.1x
Wed, 08 Nov 2023US$354.9bUS$352.9bUS$13.7b15.6x25.9x1x
Fri, 06 Oct 2023US$363.5bUS$358.4bUS$14.4b16.3x25.2x1x
Sun, 03 Sep 2023US$391.8bUS$360.3bUS$14.6b16.9x26.8x1.1x
Tue, 01 Aug 2023US$398.2bUS$361.1bUS$14.8b17.2x27x1.1x
Thu, 29 Jun 2023US$385.8bUS$361.6bUS$15.1b16.9x25.6x1.1x
Sat, 27 May 2023US$365.1bUS$362.5bUS$15.1b16.8x24.2x1x
Mon, 24 Apr 2023US$351.3bUS$361.4bUS$16.2b16.1x21.7x1x
Wed, 22 Mar 2023US$361.5bUS$360.2bUS$15.9b16.7x22.7x1x
Price to Earnings Ratio

22.7x


Total Market Cap: US$361.5bTotal Earnings: US$15.9bTotal Revenue: US$360.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 31.6x202420252026
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 46.4x which is higher than its 3-year average PE of 31.6x.
  • 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 4.1% 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-1.62%
Tech-0.69%
Electronic Equipment and Components1.11%
Electronic Components2.93%
Electronic Manufacturing Services0.57%
Electronic Equipment and Instruments-0.90%
Technology Distributors-2.72%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.0x.
    • Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 8.4% 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 24% 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$129.124.7%
+US$5.0b		176.2%PE69.4x
APH AmphenolUS$133.921.6%
+US$2.5b		112.6%PE38.5x
COHR CoherentUS$242.763.0%
+US$1.4b		277.5%PE246.6x
FLEX FlexUS$63.455.9%
+US$1.3b		84.0%PE27.4x
KEYS Keysight TechnologiesUS$279.782.7%
+US$1.3b		84.0%PE48.9x

Latest News

FLEX
US$63.45
Flex
7D
5.9%
1Y
84.0%
TEL
US$199.41
TE Connectivity
7D
-3.1%
1Y
36.7%
LFUS
US$326.18
Littelfuse
7D
7.9%
1Y
54.9%
KEYS
US$279.78
Keysight Technologies
7D
2.7%
1Y
84.0%
COHR
US$242.76
Coherent
7D
3.0%
1Y
277.5%
LWLG
US$7.61
Lightwave Logic
7D
81.2%
1Y
598.2%
GLW
US$129.12
Corning
7D
4.7%
1Y
176.2%
TDY
US$638.91
Teledyne Technologies
7D
-1.3%
1Y
30.0%

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

Analysts have nudged their Teledyne Technologies fair value estimate higher from about $686.15 to around $699.62, reflecting updated price targets after Q4 results, updated 2026 and 2027 assumptions, and model revisions following the latest annual filing reviews. Analyst Commentary Recent Street research on Teledyne Technologies has centered on updated models after Q4 results, new 2026 guidance, and refreshed long term assumptions out to 2027.
CDW
US$116.16
CDW
7D
-5.9%
1Y
-30.4%
JBL
US$250.65
Jabil
7D
4.0%
1Y
84.4%

JBL: Manufacturing Tie-Up And Completed Buyback Will Support Balanced Medium Term Outlook

Analysts have kept their Jabil fair value estimate steady at $264.50, with only slight tweaks to inputs such as the discount rate, long term revenue growth, profit margin, and future P/E assumptions guiding this updated price target view. What's in the News Jabil announced a minority investment and manufacturing collaboration with Eagle Harbor Technologies, combining Jabil's manufacturing capabilities with EHT Semi's RF and pulsed DC power systems for advanced semiconductor fabrication (Client Announcements).
APH
US$133.92
Amphenol
7D
1.6%
1Y
112.6%
MIR
US$18.69
Mirion Technologies
7D
-9.0%
1Y
29.3%

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

Analysts have made a modest adjustment to their price target for Mirion Technologies, keeping fair value at $29.30 while slightly refining inputs such as the discount rate, revenue growth and profit margin expectations to reflect updated assumptions. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a time frame for management's current planning assumptions (Key Developments).
NOVT
US$116.76
Novanta
7D
-11.0%
1Y
-14.2%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their fair value estimate for Novanta to $160 from $154, supported by updated models that reflect expectations for accelerating sales and margins following recent Q4 results and a higher Street price target of $150 from $138. Analyst Commentary Recent commentary points to a more constructive view on Novanta following its Q4 results, with updated models feeding into a higher fair value framework and a Street price target of $150.
VNT
US$36.01
Vontier
7D
-6.1%
1Y
8.6%

VNT: Future Earnings Power Will Rely On EV Charging And Share Repurchases

Analysts have nudged their Vontier price target slightly higher to $49.00. This reflects updated assumptions around fair value, discount rate, profit margin and future P/E that modestly refine their outlook on the shares.
IPGP
US$110.95
IPG Photonics
7D
-8.1%
1Y
78.2%

IPGP: Defense And Industrial Laser Demand Will Support Higher Long Term Earnings Power

Narrative Update on IPG Photonics The analyst price target for IPG Photonics has been raised by $73, with supporting research pointing to updated assumptions for discount rates, revenue growth, profit margins, and future P/E. Several firms have recently lifted their targets, although opinions on the stock's rating remain mixed.
ZBRA
US$202.72
Zebra Technologies
7D
-7.7%
1Y
-27.3%

ZBRA: Industrial Automation And AI Adoption Will Support Post 2025 Margin Recovery

The updated analyst price target for Zebra Technologies moves slightly lower to $336, as analysts balance modest tweaks to growth, margin and P/E assumptions with mixed recent Street targets that range from $323 to $368. Analyst Commentary Recent research on Zebra Technologies presents a split picture, with some firms lifting price targets and others trimming them.