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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies183
  • 7D-1.9%
  • 3M7.0%
  • 1Y66.8%
  • YTD5.6%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.9%, driven by a pullback from Amphenol of 5.4%. Over the past 12 months, the industry was up 67%. 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
Sun, 22 Mar 2026US$700.0bUS$408.4bUS$15.4b28.5x45.4x1.7x
Tue, 17 Feb 2026US$750.4bUS$404.8bUS$15.0b28.3x50.1x1.9x
Thu, 15 Jan 2026US$682.4bUS$395.3bUS$16.0b26.9x42.6x1.7x
Sat, 13 Dec 2025US$697.4bUS$396.0bUS$16.2b24.8x43.2x1.8x
Mon, 10 Nov 2025US$660.2bUS$395.9bUS$16.0b25.3x41.2x1.7x
Wed, 08 Oct 2025US$632.9bUS$388.4bUS$13.7b25x46.2x1.6x
Fri, 05 Sep 2025US$579.8bUS$386.6bUS$13.5b23.3x43x1.5x
Sun, 03 Aug 2025US$561.4bUS$383.9bUS$15.0b22.8x37.4x1.5x
Tue, 01 Jul 2025US$529.8bUS$377.8bUS$13.5b24.4x39.2x1.4x
Thu, 29 May 2025US$487.1bUS$375.7bUS$13.4b22.1x36.4x1.3x
Sat, 26 Apr 2025US$427.0bUS$373.3bUS$13.6b19.6x31.4x1.1x
Mon, 24 Mar 2025US$437.8bUS$371.0bUS$13.9b20.4x31.4x1.2x
Wed, 19 Feb 2025US$477.2bUS$370.8bUS$14.8b23.9x32.2x1.3x
Fri, 17 Jan 2025US$475.3bUS$369.6bUS$15.6b25.9x30.6x1.3x
Sun, 15 Dec 2024US$478.3bUS$369.6bUS$15.6b26.4x30.6x1.3x
Tue, 12 Nov 2024US$489.6bUS$369.8bUS$15.8b24.5x30.9x1.3x
Thu, 10 Oct 2024US$448.2bUS$323.1bUS$15.9b24.1x28.2x1.4x
Sat, 07 Sep 2024US$410.6bUS$323.9bUS$15.8b21.6x26x1.3x
Mon, 05 Aug 2024US$405.0bUS$325.4bUS$14.5b22.2x28x1.2x
Wed, 03 Jul 2024US$427.0bUS$329.2bUS$15.1b21.5x28.3x1.3x
Fri, 31 May 2024US$432.8bUS$331.2bUS$15.3b21.3x28.4x1.3x
Sun, 28 Apr 2024US$409.9bUS$338.7bUS$15.9b18.8x25.8x1.2x
Tue, 26 Mar 2024US$417.7bUS$339.8bUS$15.7b19x26.7x1.2x
Thu, 22 Feb 2024US$402.9bUS$341.2bUS$15.0b18.9x26.9x1.2x
Sat, 20 Jan 2024US$390.4bUS$350.3bUS$13.7b19.4x28.5x1.1x
Mon, 18 Dec 2023US$404.4bUS$352.2bUS$13.7b20.9x29.5x1.1x
Wed, 15 Nov 2023US$354.7bUS$353.6bUS$13.9b18.6x25.5x1x
Fri, 13 Oct 2023US$371.8bUS$358.4bUS$14.4b16.9x25.8x1x
Sun, 10 Sep 2023US$374.6bUS$360.4bUS$14.6b15.6x25.6x1x
Tue, 08 Aug 2023US$392.3bUS$359.4bUS$15.1b17x26x1.1x
Thu, 06 Jul 2023US$392.7bUS$361.6bUS$15.0b17x26.1x1.1x
Sat, 03 Jun 2023US$370.3bUS$362.6bUS$15.1b16.6x24.5x1x
Mon, 01 May 2023US$347.0bUS$361.3bUS$15.6b15.4x22.3x1x
Wed, 29 Mar 2023US$358.3bUS$360.1bUS$15.9b16.9x22.6x1x
Price to Earnings Ratio

22.6x


Total Market Cap: US$358.3bTotal 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 45.4x 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-1.83%
Tech-1.68%
Electronic Equipment and Components-1.91%
Technology Distributors-0.30%
Electronic Manufacturing Services-0.60%
Electronic Equipment and Instruments-0.97%
Electronic Components-3.19%
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 21.7%, 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 16.1x.
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 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$253.634.5%
+US$2.1b		271.7%PE257.6x
AEIS Advanced Energy IndustriesUS$317.215.0%
+US$573.4m		201.4%PE80.2x
CDW CDWUS$120.273.5%
+US$530.2m		-27.4%PE14.5x
JBL JabilUS$253.631.2%
+US$314.7m		74.7%PE33.1x
CGNX CognexUS$49.242.6%
+US$210.4m		59.2%PE71.9x

Latest News

COHR
US$253.63
Coherent
7D
4.5%
1Y
271.7%
TDY
US$616.18
Teledyne Technologies
7D
-3.6%
1Y
22.8%
JBL
US$253.63
Jabil
7D
1.2%
1Y
74.7%
TEL
US$195.84
TE Connectivity
7D
-1.8%
1Y
34.0%

TEL: Higher Dividend And Buybacks Will Support Future Shareholder Upside

Analysts now set a price target of $339.56 for TE Connectivity, compared with the prior $316.00, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E levels. What's in the News Board declares a regular quarterly cash dividend of $0.78 per ordinary share, payable on June 12, 2026, to shareholders of record on May 22, 2026.
KEYS
US$277.53
Keysight Technologies
7D
-0.8%
1Y
79.6%
IPGP
US$115.36
IPG Photonics
7D
4.0%
1Y
80.1%

IPGP: Elevated P E Assumptions Will Pressure Returns If Margins Disappoint

The analyst fair value estimate for IPG Photonics has shifted from $65.00 to $92.50, with analysts pointing to updated assumptions around revenue growth, profitability, and future P/E multiples in light of recent price target changes from firms covering the stock. Analyst Commentary Recent Street research around IPG Photonics shows a mix of updated price targets and rating changes that point to a more cautious tone from some bearish analysts, even as others review their assumptions.
GLW
US$124.58
Corning
7D
-3.5%
1Y
156.7%

GLW: AI Data Center Fiber Deals Will Drive Long Term Scale Out

Corning's analyst fair value estimate has been revised to $171 from $84, as analysts factor in higher projected revenue growth, stronger profit margins, and a richer future P/E, supported by Street research highlighting expanding optical and AI data center opportunities and larger long term scale out revenue estimates. Analyst Commentary Recent Street research around Corning is skewed toward upbeat revisions, with a wave of higher price targets and constructive commentary on long term growth drivers in optical and AI data center markets.
ARW
US$136.64
Arrow Electronics
7D
-2.7%
1Y
30.9%

ARW: Higher Multiples And Thin Margins Will Constrain Future Returns

Analysts have raised their Arrow Electronics fair value estimate from $94.00 to $115.00, citing updated assumptions on revenue growth, profit margin, discount rate, and a lower future P/E multiple as the key drivers of this change. What's in the News Elevate Quantum, Arrow Electronics, and several quantum technology partners launched the Quantum Platform for the Advancement of Commercialization (Q PAC), described as the first commercially deployable Quantum Open Architecture system in the US and built using the open, modular Quantum Utility Block framework (Key Developments).
APH
US$126.74
Amphenol
7D
-5.4%
1Y
90.3%

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.
AEIS
US$317.21
Advanced Energy Industries
7D
5.0%
1Y
201.4%
NSIT
US$70.71
Insight Enterprises
7D
-12.6%
1Y
-54.1%

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$61.64
Flex
7D
-2.8%
1Y
69.3%

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.
CGNX
US$49.24
Cognex
7D
2.6%
1Y
59.2%

CGNX: Margin Execution And Buybacks Will Support Premium Multiple In Industrial Recovery

Cognex's analyst fair value estimate has been revised higher from $60.55 to $65.50. Analysts highlight improving short cycle industrial demand, faster margin progress, cost reduction efforts, and a broader customer base, which support higher revenue growth assumptions and a richer future P/E of 44.37x versus 41.32x previously.
LASR
US$65.76
nLIGHT
7D
5.0%
1Y
668.2%

LASR: Directed Energy Defense Expansion And Vertical Integration Will Shape Future Earnings

The analyst fair value estimate for nLIGHT has increased from $55.00 to about $92.63, as analysts highlight rising price targets tied to market tailwinds in directed energy, the company's vertical integration, and recent revenue and margin trends. Analyst Commentary Recent research points to a cluster of bullish analysts lifting fair value assumptions and price targets for nLIGHT, reflecting confidence in the company’s execution in directed energy and related defense applications.
INGM
US$22.13
Ingram Micro Holding
7D
3.1%
1Y
14.6%
CDW
US$120.27
CDW
7D
3.5%
1Y
-27.4%