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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies184
  • 7D2.3%
  • 3M12.0%
  • 1Y72.7%
  • YTD9.9%

The Electronic Equipment and Components industry is up 2.3% in the last week, with Coherent up 14%. In the last 12 months, the industry was up 73%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026US$712.1bUS$408.4bUS$15.4b29.4x46.2x1.7x
Sun, 15 Feb 2026US$750.7bUS$404.8bUS$15.0b28.3x50.1x1.9x
Tue, 13 Jan 2026US$656.3bUS$395.3bUS$16.0b26.2x41x1.7x
Thu, 11 Dec 2025US$687.1bUS$396.0bUS$16.3b25.4x42.1x1.7x
Sat, 08 Nov 2025US$662.7bUS$395.9bUS$16.0b25.3x41.3x1.7x
Mon, 06 Oct 2025US$626.1bUS$388.4bUS$13.7b24x45.7x1.6x
Wed, 03 Sep 2025US$578.2bUS$386.6bUS$13.5b22.9x42.9x1.5x
Fri, 01 Aug 2025US$574.4bUS$383.1bUS$15.1b23.2x37.9x1.5x
Sun, 29 Jun 2025US$530.2bUS$377.8bUS$13.5b23.6x39.2x1.4x
Tue, 27 May 2025US$474.3bUS$375.7bUS$13.4b22.1x35.4x1.3x
Thu, 24 Apr 2025US$394.5bUS$373.3bUS$13.6b19.4x29.1x1.1x
Sat, 22 Mar 2025US$438.6bUS$371.0bUS$13.9b20.4x31.5x1.2x
Mon, 17 Feb 2025US$477.2bUS$370.8bUS$14.8b23.9x32.2x1.3x
Wed, 15 Jan 2025US$467.2bUS$369.6bUS$15.6b25.2x30x1.3x
Fri, 13 Dec 2024US$479.2bUS$369.6bUS$15.6b26.3x30.7x1.3x
Sun, 10 Nov 2024US$489.9bUS$369.8bUS$15.8b24.5x30.9x1.3x
Tue, 08 Oct 2024US$444.5bUS$323.1bUS$15.8b24x28.2x1.4x
Thu, 05 Sep 2024US$422.0bUS$323.9bUS$15.9b22x26.5x1.3x
Sat, 03 Aug 2024US$421.7bUS$325.5bUS$14.5b22.2x29.1x1.3x
Mon, 01 Jul 2024US$430.2bUS$329.4bUS$15.1b21.6x28.5x1.3x
Wed, 29 May 2024US$440.3bUS$331.3bUS$15.3b21.3x28.9x1.3x
Fri, 26 Apr 2024US$406.6bUS$338.5bUS$15.9b19.3x25.6x1.2x
Sun, 24 Mar 2024US$417.7bUS$339.8bUS$15.7b19x26.7x1.2x
Tue, 20 Feb 2024US$406.1bUS$341.3bUS$15.0b19.5x27x1.2x
Thu, 18 Jan 2024US$382.5bUS$350.3bUS$13.7b19x27.9x1.1x
Sat, 16 Dec 2023US$404.4bUS$352.2bUS$13.7b20.9x29.5x1.1x
Mon, 13 Nov 2023US$356.1bUS$353.6bUS$13.9b17.5x25.7x1x
Wed, 11 Oct 2023US$370.0bUS$358.4bUS$14.4b16.9x25.6x1x
Fri, 08 Sep 2023US$377.6bUS$360.4bUS$14.6b16x25.8x1x
Sun, 06 Aug 2023US$389.4bUS$359.4bUS$15.1b16.8x25.8x1.1x
Tue, 04 Jul 2023US$395.4bUS$361.6bUS$15.0b17.5x26.3x1.1x
Thu, 01 Jun 2023US$362.7bUS$362.6bUS$15.1b16.7x24x1x
Sat, 29 Apr 2023US$346.9bUS$361.3bUS$15.6b15.4x22.3x1x
Mon, 27 Mar 2023US$358.6bUS$360.1bUS$15.9b16.7x22.6x1x
Price to Earnings Ratio

22.6x


Total Market Cap: US$358.6bTotal Earnings: US$15.9bTotal Revenue: US$360.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 31.7x202420252026
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 46.2x which is higher than its 3-year average PE of 31.7x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
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 4.3% 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-0.66%
Tech-0.29%
Electronic Equipment and Components2.34%
Electronic Manufacturing Services3.40%
Electronic Components2.53%
Technology Distributors1.30%
Electronic Equipment and Instruments1.24%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.2x.
    • 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 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
COHR CoherentUS$275.5714.2%
+US$6.7b		301.1%PE279.9x
GLW CorningUS$133.082.6%
+US$2.8b		173.4%PE71.5x
JBL JabilUS$265.315.2%
+US$1.4b		84.5%PE34.6x
KEYS Keysight TechnologiesUS$290.212.6%
+US$1.3b		87.1%PE50.7x
FN FabrinetUS$540.755.5%
+US$1.0b		143.5%PE51.4x

Latest News

JBL
US$265.31
Jabil
7D
5.2%
1Y
84.5%
KEYS
US$290.21
Keysight Technologies
7D
2.6%
1Y
87.1%
FN
US$540.75
Fabrinet
7D
5.5%
1Y
143.5%

FN: Higher Forward P/E Assumptions Will Likely Restrain Future Share Returns

Analysts have raised their price target on Fabrinet from $317.26 to $452.00, citing updated assumptions including slightly higher revenue growth, marginally stronger profit margins, a modestly lower discount rate, and a higher future P/E multiple. What's in the News Fabrinet reported completing a share repurchase program announced on August 21, 2017, buying back a total of 3,887,487 shares, or 10.56% of the company, for US$365.1m under the plan.
OUST
US$21.06
Ouster
7D
-6.6%
1Y
151.3%

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.
UMAC
US$18.60
Unusual Machines
7D
-16.0%
1Y
170.0%

UMAC: Partnership And Policy Shifts Will Shape Future Drone Industry Positioning

Analysts have raised their fair value estimate for Unusual Machines from $15.00 to $20.00, citing updated assumptions regarding revenue growth, profit margins, and a higher future P/E multiple. What's in the News The U.S. Department of Commerce has withdrawn plans to place restrictions on Chinese-made drones, a move that affects U.S. drone companies including Unusual Machines, AeroVironment and Ondas (Reuters).
APH
US$130.65
Amphenol
7D
-0.6%
1Y
96.9%

APH: AI Data Center Content And CCS Acquisition Will Support Future Margins

Analysts now set a slightly adjusted price target for Amphenol, with modest tweaks to the discount rate and long-term P/E assumptions, at around $165. This target is supported by recent research citing AI data center content, the CommScope Connectivity and Cable Solutions acquisition, and clearer visibility on the copper versus optics roadmap as key drivers in their updated views.
COHR
US$275.57
Coherent
7D
14.2%
1Y
301.1%
AEIS
US$327.80
Advanced Energy Industries
7D
7.2%
1Y
209.7%
TDY
US$635.11
Teledyne Technologies
7D
-1.8%
1Y
27.2%
GLW
US$133.08
Corning
7D
2.6%
1Y
173.4%
NSIT
US$73.63
Insight Enterprises
7D
-9.9%
1Y
-52.4%

NSIT: High Conviction Listing And Buybacks Will Support Long Term Upside

Analysts have reset their price target on Insight Enterprises to $120 from $235, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E, even though the stock remains included on some firms' high-conviction idea lists for 2026. Analyst Commentary Bullish analysts are still highlighting Insight Enterprises as one of their preferred ideas for 2026, even with price targets reset to reflect updated assumptions on discount rate, revenue, margins and future P/E.
FLEX
US$65.79
Flex
7D
3.9%
1Y
82.4%

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.
ZEPP
US$14.01
Zepp Health
7D
-32.0%
1Y
286.0%
BDC
US$114.28
Belden
7D
-2.1%
1Y
11.2%

BDC: Share Repurchases And M&A Focus Will Support Future Upside

Analysts have kept their $175.80 price target on Belden steady, citing essentially unchanged fair value, revenue growth, profit margin, discount rate and forward P/E assumptions in their updated models. What's in the News Belden launched new cybersecurity and networking products for operational technology environments, including a hardware agnostic Virtual Firewall with three licensing tiers that support deep packet inspection, intrusion prevention and high availability, plus new LioN-X LC Digital I/O Modules that are the first digital I/O modules under the Belden brand (Key Developments).
CDW
US$119.65
CDW
7D
5.4%
1Y
-28.8%
VNT
US$35.33
Vontier
7D
-2.4%
1Y
4.2%

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.