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U.S. Electronic Equipment and Components Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies183
  • 7D8.6%
  • 3M22.8%
  • 1Y104.3%
  • YTD20.1%

Over the last 7 days, the Electronic Equipment and Components industry has risen 8.6%, driven by gains from Corning of 15%. Meanwhile, Arlo Technologies actually underperformed within the industry, shrinking 7.0% in the last week. This means that the industry has gained 104% over the past year. 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
Fri, 10 Apr 2026US$799.5bUS$411.1bUS$15.4b31.6x51.7x1.9x
Sun, 08 Mar 2026US$705.4bUS$406.8bUS$15.3b27x46.1x1.7x
Tue, 03 Feb 2026US$690.2bUS$401.1bUS$16.8b27.2x41.2x1.7x
Thu, 01 Jan 2026US$665.4bUS$397.3bUS$16.2b25x41x1.7x
Sat, 29 Nov 2025US$656.6bUS$396.1bUS$16.3b24x40.2x1.7x
Mon, 27 Oct 2025US$658.7bUS$390.7bUS$14.3b25.5x45.9x1.7x
Wed, 24 Sep 2025US$633.5bUS$386.6bUS$13.5b24.7x46.9x1.6x
Fri, 22 Aug 2025US$564.5bUS$386.5bUS$13.5b22.9x41.9x1.5x
Sun, 20 Jul 2025US$556.1bUS$377.6bUS$13.6b23.9x40.8x1.5x
Tue, 17 Jun 2025US$490.7bUS$375.7bUS$13.4b22.5x36.7x1.3x
Thu, 15 May 2025US$484.1bUS$375.4bUS$13.3b21.2x36.3x1.3x
Sat, 12 Apr 2025US$385.1bUS$371.4bUS$13.9b19.2x27.7x1x
Mon, 10 Mar 2025US$432.4bUS$371.1bUS$14.7b21.1x29.4x1.2x
Wed, 05 Feb 2025US$475.4bUS$370.9bUS$14.8b24x32.1x1.3x
Fri, 03 Jan 2025US$460.2bUS$368.1bUS$15.5b25.5x29.6x1.2x
Sun, 01 Dec 2024US$478.8bUS$369.6bUS$15.5b26.4x30.8x1.3x
Tue, 29 Oct 2024US$462.0bUS$371.9bUS$16.6b23.7x27.9x1.2x
Thu, 26 Sep 2024US$446.2bUS$323.9bUS$15.8b23.2x28.3x1.4x
Sat, 24 Aug 2024US$440.5bUS$324.2bUS$15.9b22.4x27.7x1.4x
Mon, 22 Jul 2024US$437.7bUS$329.2bUS$15.1b22.1x29.1x1.3x
Wed, 19 Jun 2024US$438.1bUS$331.2bUS$15.2b20.7x28.8x1.3x
Fri, 17 May 2024US$434.1bUS$331.4bUS$15.4b21.5x28.1x1.3x
Sun, 14 Apr 2024US$416.9bUS$338.7bUS$15.7b18.8x26.6x1.2x
Tue, 12 Mar 2024US$413.9bUS$341.3bUS$14.9b19.1x27.7x1.2x
Thu, 08 Feb 2024US$392.2bUS$344.2bUS$14.9b19.4x26.3x1.1x
Sat, 06 Jan 2024US$388.3bUS$352.2bUS$13.7b20x28.3x1.1x
Mon, 04 Dec 2023US$374.1bUS$353.4bUS$13.8b17.1x27.1x1.1x
Wed, 01 Nov 2023US$343.7bUS$357.1bUS$14.2b16.7x24.2x1x
Fri, 29 Sep 2023US$370.3bUS$358.4bUS$14.4b16.1x25.7x1x
Sun, 27 Aug 2023US$378.5bUS$360.3bUS$14.6b16.7x25.9x1.1x
Tue, 25 Jul 2023US$394.6bUS$361.5bUS$15.1b16.7x26.1x1.1x
Thu, 22 Jun 2023US$384.7bUS$362.7bUS$15.1b17.4x25.5x1.1x
Sat, 20 May 2023US$358.6bUS$362.4bUS$15.1b15.4x23.8x1x
Mon, 17 Apr 2023US$363.3bUS$361.4bUS$16.1b16.8x22.5x1x
Price to Earnings Ratio

22.5x


Total Market Cap: US$363.3bTotal Earnings: US$16.1bTotal Revenue: US$361.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 32.2x202420252026
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 48.6x which is higher than its 3-year average PE of 32.1x.
  • 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 4.4% 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 Market2.97%
Tech3.98%
Electronic Equipment and Components8.63%
Electronic Components10.54%
Electronic Equipment and Instruments7.25%
Electronic Manufacturing Services6.94%
Technology Distributors6.04%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.9x.
    • Analysts are expecting annual earnings growth of 21.6%, which is higher than its past year's earnings growth of 7.8% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.2x.
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 55% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 13% 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$169.8014.8%
+US$18.8b		307.3%PE91.4x
APH AmphenolUS$137.687.6%
+US$11.9b		114.7%PE39.6x
TEL TE ConnectivityUS$228.639.4%
+US$5.7b		79.5%PE32.5x
KEYS Keysight TechnologiesUS$322.9410.9%
+US$5.4b		142.1%PE56.5x
COHR CoherentUS$284.1710.1%
+US$5.1b		412.6%PE288.7x

Latest News

APH
US$137.68
Amphenol
7D
7.6%
1Y
114.7%
GLW
US$169.80
Corning
7D
14.8%
1Y
307.3%

Corning: One Of The Most Intriguing Infrastructure Plays

Apr 09
ARLO
US$13.05
Arlo Technologies
7D
-7.0%
1Y
47.8%
SMRT
US$1.38
SmartRent
7D
-9.2%
1Y
70.6%

SMRT: Share Buybacks Will Support Future Upside As Losses Narrow

Analysts have modestly adjusted their SmartRent price target to $2.00 per share, reflecting updated views on fair value, discount rate, profit margin, and future P/E assumptions, while keeping revenue growth expectations steady. What's in the News SmartRent completed its share repurchase program announced on March 5, 2024, buying back a total of 20,250,000 shares, representing 10.22% of shares for $33.46 million (Key Developments).
JBL
US$293.02
Jabil
7D
9.1%
1Y
121.9%

JBL: Alliances And Buybacks Will Support A Steady Medium Term Outlook

Analysts kept their Jabil price target broadly steady, with only a very small shift implied by updated assumptions around the discount rate, revenue growth, profit margin and future P/E. This suggests their view of the stock’s long term value in dollar terms is essentially unchanged.
TEL
US$228.63
TE Connectivity
7D
9.4%
1Y
79.5%

TEL: Future Buybacks And Margins Will Likely Keep Shares Fairly Priced

Analysts have trimmed their price target on TE Connectivity to $202.29 from $211.17, citing updated assumptions for slightly higher revenue growth and profit margins, along with a lower future P/E multiple. What's in the News Credo Technology Group Holding Ltd.
KEYS
US$322.94
Keysight Technologies
7D
10.9%
1Y
142.1%
FN
US$618.26
Fabrinet
7D
10.8%
1Y
238.2%

FN: Buybacks And Margin Improvements Will Support Future Upside Potential

Analysts have raised their price target for Fabrinet from $600 to $715, citing updated assumptions for slightly higher revenue growth, a modestly higher profit margin, a lower discount rate, and a higher future P/E multiple. What's in the News Fabrinet updated its outlook for the third fiscal quarter ending March 27, 2026, with expected revenue in the range of US$1.15b to US$1.20b.
UMAC
US$12.41
Unusual Machines
7D
-8.8%
1Y
124.0%

UMAC: XTI Partnership And Drone Market Access Will Support Future Upside

Analysts now cite updated assumptions on a fair value of $24.20, revenue growth of about 135%, profit margins near 8.26%, a discount rate near 8.29% and a future P/E near 120x as key reasons for adjusting their view on Unusual Machines. What's in the News The U.S. Department of Commerce withdrew plans to restrict Chinese-made drones, a move that keeps Unusual Machines in a U.S. market that still includes Chinese competitors alongside AeroVironment and Ondas (Reuters).
BMI
US$155.41
Badger Meter
7D
-0.8%
1Y
-14.7%

BMI: Premium P/E And Utility Funding Constraints Will Pressure Future Returns

Badger Meter's updated analyst price target has been reset to $136, reflecting mixed recent research in which several firms trimmed their targets, while others highlighted steady revenue growth, margin expectations, and valuation assumptions that now point to a slightly lower future P/E multiple. Analyst Commentary The latest research around Badger Meter reflects a split view, with one recent upgrade contrasted against a cluster of price target cuts and at least one downgrade.
LIDR
US$1.58
AEye
7D
-13.7%
1Y
167.8%
FLEX
US$75.01
Flex
7D
9.4%
1Y
155.0%

FLEX: AI Power Business Will Drive Future Margin Upside Repricing

Flex's updated fair value estimate has edged slightly lower to about $75.44. This reflects modest tweaks to discount rate, growth, and margin assumptions, as analysts highlight the company's AI oriented power business and potential margin upside while maintaining a $70 Street price target.
COHR
US$284.17
Coherent
7D
10.1%
1Y
412.6%

COHR: Nvidia Optics Partnership And AI Demand Will Shape Future Risk Balance

Analysts have raised the fair value estimate for Coherent by about $11 to $284.25, citing higher assumed revenue growth, a richer future P/E multiple tied to expectations for stronger AI-driven optical demand, and recent price target increases across major research desks. Analyst Commentary Recent Street research around Coherent clusters around a stronger AI infrastructure story, larger optical market assumptions, and a series of higher price targets that feed directly into richer valuation frameworks.
SMX
US$6.22
SMX (Security Matters)
7D
-26.4%
1Y
-99.9%
AEVA
US$13.05
Aeva Technologies
7D
-1.4%
1Y
73.8%
MSAI
US$0.17
MultiSensor AI Holdings
7D
-30.5%
1Y
-80.8%