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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies184
  • 7D1.1%
  • 3M23.4%
  • 1Y79.1%
  • YTD18.3%

The Electronic Equipment and Components industry has gained 1.1% in the last week and Keysight Technologies up 28%. During this same period, the Amphenol underperformed, falling 8.6%. This takes the industry's 12 month performance to a gain of 79%. 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
Tue, 03 Mar 2026US$782.1bUS$405.2bUS$15.2b27.2x51.5x1.9x
Thu, 29 Jan 2026US$727.0bUS$401.0bUS$16.8b28x43.4x1.8x
Sat, 27 Dec 2025US$673.5bUS$397.3bUS$16.2b24.8x41.6x1.7x
Mon, 24 Nov 2025US$614.9bUS$395.9bUS$16.0b23.4x38.4x1.6x
Wed, 22 Oct 2025US$642.0bUS$388.4bUS$13.7b26.3x46.8x1.7x
Fri, 19 Sep 2025US$611.6bUS$386.6bUS$13.5b24.5x45.3x1.6x
Sun, 17 Aug 2025US$573.7bUS$386.2bUS$13.7b22.7x42x1.5x
Tue, 15 Jul 2025US$542.1bUS$377.6bUS$13.6b24.2x39.8x1.4x
Thu, 12 Jun 2025US$501.2bUS$375.7bUS$13.4b22.1x37.5x1.3x
Sat, 10 May 2025US$452.4bUS$375.4bUS$13.3b20.8x33.9x1.2x
Mon, 07 Apr 2025US$365.3bUS$371.4bUS$13.9b18.4x26.2x1x
Wed, 05 Mar 2025US$439.6bUS$370.8bUS$14.8b21x29.7x1.2x
Fri, 31 Jan 2025US$475.3bUS$370.8bUS$14.8b25x32.1x1.3x
Sun, 29 Dec 2024US$465.9bUS$368.2bUS$15.5b25.6x30.1x1.3x
Tue, 26 Nov 2024US$479.5bUS$369.5bUS$15.5b25.3x30.9x1.3x
Thu, 24 Oct 2024US$452.6bUS$324.0bUS$16.0b23.5x28.3x1.4x
Sat, 21 Sep 2024US$445.5bUS$323.9bUS$15.8b23.1x28.2x1.4x
Mon, 19 Aug 2024US$431.4bUS$324.2bUS$15.8b22.1x27.3x1.3x
Wed, 17 Jul 2024US$454.3bUS$329.1bUS$15.0b22.6x30.2x1.4x
Fri, 14 Jun 2024US$437.8bUS$331.2bUS$15.2b21.4x28.8x1.3x
Sun, 12 May 2024US$423.5bUS$331.4bUS$15.4b20.8x27.4x1.3x
Tue, 09 Apr 2024US$419.2bUS$338.6bUS$15.7b18.7x26.7x1.2x
Thu, 07 Mar 2024US$415.2bUS$341.3bUS$15.0b19.3x27.7x1.2x
Sat, 03 Feb 2024US$405.4bUS$349.3bUS$15.0b20x27.1x1.2x
Mon, 01 Jan 2024US$407.2bUS$352.2bUS$13.7b20.9x29.7x1.2x
Wed, 29 Nov 2023US$370.1bUS$353.4bUS$13.8b17.2x26.8x1x
Fri, 27 Oct 2023US$340.5bUS$357.6bUS$14.4b16.7x23.6x1x
Sun, 24 Sep 2023US$365.6bUS$360.4bUS$14.6b15.8x25x1x
Tue, 22 Aug 2023US$373.5bUS$360.2bUS$14.6b16.6x25.6x1x
Thu, 20 Jul 2023US$402.0bUS$361.5bUS$15.1b17.1x26.7x1.1x
Sat, 17 Jun 2023US$390.1bUS$362.8bUS$15.1b16.3x25.8x1.1x
Mon, 15 May 2023US$347.1bUS$361.5bUS$14.9b16.5x23.3x1x
Wed, 12 Apr 2023US$362.4bUS$361.4bUS$16.1b16.9x22.5x1x
Fri, 10 Mar 2023US$365.2bUS$359.3bUS$15.9b17x22.9x1x
Price to Earnings Ratio

22.9x


Total Market Cap: US$365.2bTotal Earnings: US$15.9bTotal Revenue: US$359.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 31.3x202420252026
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 51.5x which is higher than its 3-year average PE of 31.3x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
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-0.57%
Tech-2.05%
Electronic Equipment and Components1.14%
Electronic Equipment and Instruments5.62%
Electronic Components1.21%
Electronic Manufacturing Services-1.87%
Technology Distributors-2.73%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 51.5x.
    • Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings growth of 11.2% 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 15% 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
KEYS Keysight TechnologiesUS$313.2727.9%
+US$11.7b		101.0%PE54.9x
GLW CorningUS$157.868.7%
+US$10.8b		227.2%PE84.9x
COHR CoherentUS$298.9120.1%
+US$9.4b		337.8%PE291.5x
TDY Teledyne TechnologiesUS$688.592.4%
+US$752.2m		34.2%PE35.6x
LASR nLIGHTUS$67.6923.7%
+US$748.3m		715.5%PS14.5x

Latest News

COHR
US$298.91
Coherent
7D
20.1%
1Y
337.8%
GLW
US$157.86
Corning
7D
8.7%
1Y
227.2%
LASR
US$67.69
nLIGHT
7D
23.7%
1Y
715.5%

LASR: Aerospace And Defense Strength Will Drive Capacity Expansion Focus

The analyst price target for nLIGHT has been raised from $47.43 to $66.75, with analysts citing a stronger end-market setup, record aerospace and defense driven growth, and expectations for durable margins that could support a higher future P/E multiple. Analyst Commentary Recent research notes show a clear shift toward higher valuation ranges for nLIGHT, with several firms lifting their price targets and highlighting both execution and end-market trends.
RAL
US$46.73
Ralliant
7D
11.0%
1Y
n/a
KEYS
US$313.27
Keysight Technologies
7D
27.9%
1Y
101.0%
ARW
US$149.96
Arrow Electronics
7D
-6.1%
1Y
42.0%
TTMI
US$113.00
TTM Technologies
7D
5.8%
1Y
392.8%
SANM
US$142.30
Sanmina
7D
-3.8%
1Y
86.3%
AVT
US$64.98
Avnet
7D
-3.4%
1Y
32.2%

AVT: Fair View Sees Raised Price Hopes Resting On Future P/E Execution

Analysts have raised their price targets for Avnet, with an updated fair value of $69.00 based on slightly stronger assumptions for revenue growth, profit margins, and future P/E. Analyst Commentary Bullish analysts have recently lifted their price targets for Avnet, signaling a more constructive view on how the company could execute against its current assumptions for revenue growth, margins, and valuation multiples.
TDY
US$688.59
Teledyne Technologies
7D
2.4%
1Y
34.2%

TDY: Aerospace And Defense Demand Will Support Balanced Future Premium Multiple

We are nudging our Teledyne Technologies fair value estimate higher to $686 from $674, reflecting analysts' higher price targets across the Street after recent model updates on the company's filings and sector outlooks. Analyst Commentary Recent Street research on Teledyne points to a mix of optimism and caution, with several firms adjusting their price targets after reviewing the latest filings and sector outlooks.
LFUS
US$361.39
Littelfuse
7D
-1.9%
1Y
62.0%

LFUS: Rating Upgrade And 2026 Sales Outlook Will Guide Balanced Return Prospects

Analysts have adjusted their price target on Littelfuse to $353.60 from $344.00. This change reflects updated views on fair value and future P/E assumptions, supported by recent research updates and upgrades from multiple firms.
MIR
US$22.28
Mirion Technologies
7D
8.7%
1Y
48.4%

MIR: 2026 Guidance And Assumption Tweaks Will Support Constructive Long Term Upside Potential

Analysts have trimmed their price target on Mirion Technologies to about $29.30 per share from roughly $30.33, reflecting updated assumptions for slightly higher discount rates, a lower revenue growth outlook, more conservative profit margin expectations, and a higher future P/E multiple. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a view of management's current expectations.
TEL
US$211.98
TE Connectivity
7D
-8.3%
1Y
40.8%

TEL: Future Profit Margin Assumptions Will Likely Prove Too Optimistic

Analysts have raised their price target for TE Connectivity to $211 from about $176. The revision reflects updated views that incorporate adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations.
CGNX
US$53.83
Cognex
7D
-4.7%
1Y
68.9%

We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings

Feb 19
We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings
ZBRA
US$223.92
Zebra Technologies
7D
-3.2%
1Y
-27.0%

ZBRA: Automation And AI Solutions Will Support Future Upside

The updated analyst price target for Zebra Technologies reflects a small downward adjustment in fair value to about $398, along with slightly lower assumptions for revenue growth, profit margins, and future P/E, as analysts weigh mixed target moves from firms that are raising and lowering their views on the stock. Analyst Commentary Recent Street research on Zebra Technologies reflects a mix of higher and lower price targets, but the bullish commentators are emphasizing the long term story, particularly the company’s role in industrial technology and automation end markets.
APH
US$135.16
Amphenol
7D
-8.6%
1Y
113.0%

APH: Future AI And Acquisition Hype Will Likely Cap Share Upside

Our analyst price target for Amphenol has been adjusted from $123.77 to $135.00, with analysts pointing to raised Street targets, support from data center AI exposure, and the planned CommScope Connectivity and Cable Solutions acquisition as key drivers behind the update. Analyst Commentary Recent Street research on Amphenol has leaned constructive, with several large firms lifting price targets and, in one case, moving the stock to an Overweight rating.