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U.S. Electronic Equipment and Components Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies182
  • 7D4.7%
  • 3M12.9%
  • 1Y112.2%
  • YTD12.1%

In the last week, the Electronic Equipment and Components industry is up 4.7%, with Corning up 8.1%. Meanwhile, nLIGHT actually underperformed within the industry, shrinking 6.5% in the last week. This takes the industry's 12 month performance to a gain of 112%. 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
Mon, 06 Apr 2026US$743.0bUS$411.1bUS$15.5b29.4x48.1x1.8x
Wed, 04 Mar 2026US$785.6bUS$406.8bUS$15.3b27.2x51.5x1.9x
Fri, 30 Jan 2026US$694.3bUS$401.1bUS$16.8b27.6x41.4x1.7x
Sun, 28 Dec 2025US$673.0bUS$397.3bUS$16.2b24.8x41.5x1.7x
Tue, 25 Nov 2025US$615.2bUS$395.9bUS$16.0b24x38.4x1.6x
Thu, 23 Oct 2025US$639.7bUS$388.4bUS$13.7b25.8x46.6x1.6x
Sat, 20 Sep 2025US$628.3bUS$386.6bUS$13.5b24.3x46.5x1.6x
Mon, 18 Aug 2025US$573.7bUS$386.2bUS$13.7b22.7x42x1.5x
Wed, 16 Jul 2025US$545.1bUS$377.6bUS$13.6b24.1x40x1.4x
Fri, 13 Jun 2025US$501.5bUS$375.7bUS$13.4b22.2x37.5x1.3x
Sun, 11 May 2025US$454.2bUS$375.4bUS$13.3b20.8x34x1.2x
Tue, 08 Apr 2025US$365.7bUS$371.4bUS$13.9b18.6x26.3x1x
Thu, 06 Mar 2025US$432.7bUS$371.1bUS$14.7b21.2x29.4x1.2x
Sat, 01 Feb 2025US$482.0bUS$370.8bUS$14.8b25.4x32.6x1.3x
Mon, 30 Dec 2024US$465.9bUS$368.2bUS$15.5b25.6x30.1x1.3x
Wed, 27 Nov 2024US$480.1bUS$369.5bUS$15.5b25.4x30.9x1.3x
Fri, 25 Oct 2024US$458.7bUS$324.0bUS$16.0b23.7x28.6x1.4x
Sun, 22 Sep 2024US$444.5bUS$323.9bUS$15.8b23.1x28.2x1.4x
Tue, 20 Aug 2024US$431.4bUS$324.2bUS$15.8b22.1x27.3x1.3x
Thu, 18 Jul 2024US$465.3bUS$329.1bUS$15.0b22.5x30.9x1.4x
Sat, 15 Jun 2024US$437.8bUS$331.2bUS$15.2b21x28.8x1.3x
Mon, 13 May 2024US$423.5bUS$331.4bUS$15.4b20.8x27.4x1.3x
Wed, 10 Apr 2024US$419.1bUS$338.7bUS$15.7b18.9x26.7x1.2x
Fri, 08 Mar 2024US$420.3bUS$341.3bUS$15.0b19.8x28.1x1.2x
Sun, 04 Feb 2024US$405.4bUS$349.3bUS$15.0b20x27.1x1.2x
Tue, 02 Jan 2024US$407.2bUS$352.2bUS$13.7b20.9x29.7x1.2x
Thu, 30 Nov 2023US$368.4bUS$353.4bUS$13.8b17.1x26.7x1x
Sat, 28 Oct 2023US$339.6bUS$357.6bUS$14.4b16.4x23.6x0.9x
Mon, 25 Sep 2023US$365.6bUS$360.4bUS$14.6b15.8x25x1x
Wed, 23 Aug 2023US$376.0bUS$360.3bUS$14.6b16.6x25.8x1x
Fri, 21 Jul 2023US$395.8bUS$361.5bUS$15.1b16.8x26.2x1.1x
Sun, 18 Jun 2023US$390.1bUS$362.8bUS$15.1b16.3x25.8x1.1x
Tue, 16 May 2023US$351.1bUS$362.4bUS$15.1b16.6x23.3x1x
Thu, 13 Apr 2023US$362.2bUS$361.4bUS$16.1b16.7x22.4x1x
Price to Earnings Ratio

22.4x


Total Market Cap: US$362.2bTotal 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 32.1x202420252026
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 48.1x 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 Market3.46%
Tech4.66%
Electronic Equipment and Components4.74%
Technology Distributors8.04%
Electronic Components5.42%
Electronic Equipment and Instruments3.96%
Electronic Manufacturing Services2.98%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.8x.
    • 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 25% 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$147.928.1%
+US$9.5b		278.6%PE79.6x
APH AmphenolUS$128.003.5%
+US$5.4b		116.6%PE36.8x
COHR CoherentUS$258.166.0%
+US$2.9b		410.4%PE262.2x
SNX TD SYNNEXUS$186.9219.0%
+US$2.4b		95.1%PE15.3x
KEYS Keysight TechnologiesUS$291.244.4%
+US$2.1b		129.3%PE50.9x

Latest News

TEL
US$209.07
TE Connectivity
7D
3.4%
1Y
71.4%

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.
GLW
US$147.92
Corning
7D
8.1%
1Y
278.6%

GLW: AI Fiber Deal Euphoria Will Exceed Realistic Execution Prospects

Analysts have raised the fair value estimate for Corning to about $130 from roughly $114, citing updated models that incorporate stronger assumptions for optical and scale-out revenue, slightly higher profit margins, and a higher future P/E multiple supported by a wave of recent price target increases across major firms. Analyst Commentary Recent Street research on Corning clusters around a few clear themes, with most attention on the scale out and optical opportunities, while a smaller group of firms remains more cautious on execution and valuation.
KEYS
US$291.24
Keysight Technologies
7D
4.4%
1Y
129.3%
IPGP
US$113.94
IPG Photonics
7D
-1.5%
1Y
118.6%

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

Analysts have raised their blended price target on IPG Photonics, reflecting a $73 increase at Stifel, a $12.50 increase at BofA, and a $5 increase at Roth Capital, while refining assumptions on revenue growth, profit margins, discount rate, and future P/E. Analyst Commentary Recent Street research on IPG Photonics shows a clear split in views, with some cautious voices alongside a group of bullish analysts who are becoming more constructive on the stock and its long term setup.
SNX
US$186.92
TD SYNNEX
7D
19.0%
1Y
95.1%

SNX: Future Returns Will Reflect Hyve Execution And Hardware Demand Risks

Analysts have lifted the TD SYNNEX fair value estimate from about $180 to about $195, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple. These changes follow a series of higher Street price targets from firms including Barrington, BofA, RBC Capital, Morgan Stanley, JPMorgan, Barclays, Goldman Sachs, and UBS.
APH
US$128.00
Amphenol
7D
3.5%
1Y
116.6%

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.
TDY
US$623.13
Teledyne Technologies
7D
5.0%
1Y
42.7%
BELF.A
US$188.10
Bel Fuse
7D
-1.3%
1Y
216.9%
FLEX
US$68.59
Flex
7D
5.8%
1Y
157.1%

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.
SANM
US$130.21
Sanmina
7D
-0.5%
1Y
93.5%

Heavy AI Infrastructure Dependence Will Pressure Margins Yet Eventually Support Stronger Earnings

Catalysts About Sanmina Sanmina provides electronics manufacturing and related services for communication networks, cloud and AI infrastructure, industrial and energy, medical, defense, aerospace, automotive and transportation customers. What are the underlying business or industry changes driving this perspective?
LASR
US$60.12
nLIGHT
7D
-6.5%
1Y
805.4%

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.
OSIS
US$268.11
OSI Systems
7D
-1.5%
1Y
53.7%

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.
COHR
US$258.16
Coherent
7D
6.0%
1Y
410.4%

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.
ROG
US$105.50
Rogers
7D
-3.5%
1Y
73.2%

ROG: Share Repurchases And Stable Margins Will Support Future Upside Potential

Analysts have kept their price target for Rogers steady at $124.33, citing only marginal tweaks to their discount rate, long term revenue growth, profit margin assumptions and future P/E expectations that leave their overall valuation view essentially unchanged. What's in the News Rogers issued earnings guidance for the first quarter of 2026, expecting net sales in a range of $193 million to $208 million, giving you a sense of the revenue level management is planning for in the near term (Key Developments).
CXT
US$40.19
Crane NXT
7D
-2.3%
1Y
-10.7%
SHMD
US$5.35
SCHMID Group
7D
-10.1%
1Y
64.6%