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U.S. Electronic Equipment and Components Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies183
  • 7D4.2%
  • 3M11.8%
  • 1Y98.7%
  • YTD11.8%

In the last week, the Electronic Equipment and Components industry is up 4.2%, with Corning up 9.3%. Meanwhile, nLIGHT actually underperformed within the industry, shrinking 5.9% in the last week. In the last 12 months, the industry was up 99%. 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, 03 Apr 2026US$735.3bUS$411.1bUS$15.4b29.4x47.6x1.8x
Sun, 01 Mar 2026US$782.1bUS$405.2bUS$15.2b27.2x51.5x1.9x
Tue, 27 Jan 2026US$688.0bUS$396.2bUS$16.3b27.1x42.2x1.7x
Thu, 25 Dec 2025US$673.5bUS$397.3bUS$16.2b24.9x41.6x1.7x
Sat, 22 Nov 2025US$602.0bUS$395.9bUS$16.0b23.4x37.6x1.5x
Mon, 20 Oct 2025US$632.3bUS$388.4bUS$13.7b26.2x46.1x1.6x
Wed, 17 Sep 2025US$616.1bUS$386.6bUS$13.5b24.1x45.6x1.6x
Fri, 15 Aug 2025US$589.7bUS$386.2bUS$13.6b23.5x43.4x1.5x
Sun, 13 Jul 2025US$542.0bUS$377.6bUS$13.6b24.3x39.8x1.4x
Tue, 10 Jun 2025US$497.6bUS$375.7bUS$13.4b22.1x37.2x1.3x
Thu, 08 May 2025US$439.8bUS$374.2bUS$13.3b20.2x33.1x1.2x
Sat, 05 Apr 2025US$388.1bUS$371.4bUS$13.9b18.4x27.9x1x
Mon, 03 Mar 2025US$455.9bUS$370.8bUS$14.8b22.1x30.8x1.2x
Wed, 29 Jan 2025US$472.9bUS$370.8bUS$14.4b25.5x32.9x1.3x
Fri, 27 Dec 2024US$470.0bUS$368.2bUS$15.5b26.1x30.3x1.3x
Sun, 24 Nov 2024US$479.5bUS$369.5bUS$15.5b24.5x30.9x1.3x
Tue, 22 Oct 2024US$459.2bUS$323.1bUS$15.9b23.7x28.9x1.4x
Thu, 19 Sep 2024US$434.3bUS$323.9bUS$15.8b22.5x27.5x1.3x
Sat, 17 Aug 2024US$430.0bUS$324.2bUS$15.8b22.1x27.2x1.3x
Mon, 15 Jul 2024US$450.9bUS$329.1bUS$15.0b22.2x30x1.4x
Wed, 12 Jun 2024US$430.3bUS$331.2bUS$15.2b20.6x28.3x1.3x
Fri, 10 May 2024US$421.9bUS$331.4bUS$15.3b20.7x27.6x1.3x
Sun, 07 Apr 2024US$419.2bUS$338.6bUS$15.7b18.6x26.7x1.2x
Tue, 05 Mar 2024US$420.8bUS$341.3bUS$15.0b19.4x28.1x1.2x
Thu, 01 Feb 2024US$406.8bUS$349.9bUS$15.1b19.2x26.9x1.2x
Sat, 30 Dec 2023US$410.3bUS$352.2bUS$13.7b20.9x29.9x1.2x
Mon, 27 Nov 2023US$370.5bUS$353.4bUS$13.8b18x26.8x1x
Wed, 25 Oct 2023US$342.9bUS$358.4bUS$14.4b16.7x23.8x1x
Fri, 22 Sep 2023US$364.6bUS$360.4bUS$14.6b15.8x25x1x
Sun, 20 Aug 2023US$373.3bUS$360.3bUS$14.6b16.6x25.6x1x
Tue, 18 Jul 2023US$397.8bUS$361.5bUS$15.1b16.5x26.4x1.1x
Thu, 15 Jun 2023US$382.9bUS$362.6bUS$15.1b15.7x25.4x1.1x
Sat, 13 May 2023US$346.7bUS$361.5bUS$14.9b16.5x23.3x1x
Mon, 10 Apr 2023US$357.5bUS$361.4bUS$16.1b16.5x22.2x1x
Price to Earnings Ratio

22.2x


Total Market Cap: US$357.5bTotal 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 32x202420252026
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 47.6x which is higher than its 3-year average PE of 32.0x.
  • 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 Market1.90%
Tech2.41%
Electronic Equipment and Components4.16%
Electronic Components5.85%
Technology Distributors5.51%
Electronic Manufacturing Services2.45%
Electronic Equipment and Instruments1.88%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.7x.
    • Analysts are expecting annual earnings growth of 21.7%, 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 16.2x.
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$147.929.3%
+US$10.8b		249.8%PE79.6x
APH AmphenolUS$128.004.0%
+US$6.0b		104.3%PE36.8x
COHR CoherentUS$258.166.1%
+US$2.9b		378.9%PE262.2x
SNX TD SYNNEXUS$186.9217.1%
+US$2.0b		87.9%PE15.2x
KEYS Keysight TechnologiesUS$291.243.6%
+US$1.7b		114.6%PE50.9x

Latest News

SNX
US$186.92
TD SYNNEX
7D
17.1%
1Y
87.9%
IPGP
US$113.94
IPG Photonics
7D
-4.0%
1Y
106.8%
KEYS
US$291.24
Keysight Technologies
7D
3.6%
1Y
114.6%
VNT
US$35.37
Vontier
7D
-1.6%
1Y
16.4%
APH
US$128.00
Amphenol
7D
4.0%
1Y
104.3%

APH: AI Connectivity And CommScope Deal Will Likely Restrain Further Upside

Analysts have raised their average price targets on Amphenol by a wide margin to a range of $155 to $185, citing stronger expectations for growth in data center AI connectivity, the planned $10.5b CommScope CCS acquisition, and a more constructive view on connector demand into 2026. Analyst Commentary Recent research has generally leaned supportive, with several large firms increasing price targets on Amphenol and maintaining positive ratings tied to data center AI exposure and the planned CommScope Connectivity and Cable Solutions acquisition.
TEL
US$209.07
TE Connectivity
7D
2.9%
1Y
60.8%
NSIT
US$67.05
Insight Enterprises
7D
-4.3%
1Y
-51.1%

NSIT: 2026 Leadership Shift And Payments Partnership Will Shape Margin Upside

Analysts have reduced their price target on Insight Enterprises by $10 to reflect updated assumptions on growth, margins, discount rate, and a higher future P/E, while still keeping the stock on some best ideas lists for 2026. Analyst Commentary Recent research on Insight Enterprises highlights a mix of recognition and restraint.
FLEX
US$68.59
Flex
7D
5.9%
1Y
133.9%

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.
LASR
US$60.12
nLIGHT
7D
-5.9%
1Y
757.6%

LASR: Directed Energy Defense Focus And Vertical Integration Will Drive Future Returns

Narrative Update The analyst price target for nLIGHT has shifted meaningfully higher, with analysts pointing to market tailwinds in directed energy, vertical integration across the laser stack, and recent steps toward becoming a pure play, defense-focused laser provider as key drivers of their updated views. Analyst Commentary Recent Street research on nLIGHT has tilted clearly bullish, with multiple firms lifting price targets and initiating with positive ratings tied to the company’s focus on directed energy, its vertical integration, and progress toward a pure play defense profile.
AEIS
US$332.31
Advanced Energy Industries
7D
6.1%
1Y
296.2%

AEIS: The Power Architect of the AI and Chip Supercycle

Advanced Energy Industries, Inc. (AEIS) is currently undergoing a massive structural re-rating as it transforms from a cyclical industrial supplier into a critical infrastructure provider for the AI data center and next-generation semiconductor markets.
OSIS
US$268.11
OSI Systems
7D
-2.4%
1Y
48.7%

OSIS: Order Pacing And Security Contract Wins Will Guide Measured Future Upside

Narrative Update Analysts have lifted their blended price target on OSI Systems by $7, supported by recent research highlighting steady mid year progress and refreshed views on valuation and order pacing. Analyst Commentary Recent Street research on OSI Systems centers on refreshed price targets, views on mid year execution, and how current order activity feeds into valuation assumptions.
GLW
US$147.92
Corning
7D
9.3%
1Y
249.8%
COHR
US$258.16
Coherent
7D
6.1%
1Y
378.9%

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.
ZBRA
US$202.84
Zebra Technologies
7D
-0.8%
1Y
-15.0%
CXT
US$40.19
Crane NXT
7D
-2.9%
1Y
-14.3%
SHMD
US$5.35
SCHMID Group
7D
-18.9%
1Y
67.2%