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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies101
  • 7D7.9%
  • 3M17.5%
  • 1Y70.0%
  • YTDn/a

The Electronic Equipment and Instruments industry is up 7.9% in the last week, with Keysight Technologies up 11%. During this same period, the Arlo Technologies underperformed, falling 6.5%. This means that the industry has gained 70% over the past year. 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 Instruments Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026US$172.2bUS$37.7bUS$1.6b32.1x105x4.6x
Tue, 10 Mar 2026US$159.1bUS$37.6bUS$1.7b30.8x93.9x4.2x
Thu, 05 Feb 2026US$152.7bUS$36.8bUS$3.0b27.2x51.7x4.1x
Sat, 03 Jan 2026US$157.9bUS$40.3bUS$3.1b29.1x50.3x3.9x
Mon, 01 Dec 2025US$157.7bUS$40.2bUS$3.1b28.7x50.4x3.9x
Wed, 29 Oct 2025US$163.6bUS$39.7bUS$2.6b26.8x62.7x4.1x
Fri, 26 Sep 2025US$161.6bUS$40.0bUS$2.6b26.9x63.2x4x
Sun, 24 Aug 2025US$160.7bUS$40.0bUS$2.5b24.9x63.4x4x
Tue, 22 Jul 2025US$160.0bUS$37.4bUS$3.6b25.6x44x4.3x
Thu, 19 Jun 2025US$142.1bUS$37.8bUS$3.6b25.9x39x3.8x
Sat, 17 May 2025US$141.0bUS$37.6bUS$3.5b27.7x40.3x3.8x
Mon, 14 Apr 2025US$117.0bUS$37.2bUS$3.5b20.6x33.1x3.1x
Wed, 12 Mar 2025US$131.3bUS$37.3bUS$3.6b22.5x36.8x3.5x
Fri, 07 Feb 2025US$152.0bUS$37.0bUS$3.4b25.9x45.3x4.1x
Sun, 05 Jan 2025US$144.6bUS$36.9bUS$3.4b26.3x42x3.9x
Tue, 03 Dec 2024US$149.5bUS$36.8bUS$3.4b29x44x4.1x
Thu, 31 Oct 2024US$137.2bUS$37.0bUS$3.8b28.8x36.5x3.7x
Sat, 28 Sep 2024US$135.0bUS$36.6bUS$3.5b26.7x38.3x3.7x
Mon, 26 Aug 2024US$133.2bUS$36.5bUS$3.7b23.3x36.4x3.6x
Wed, 24 Jul 2024US$133.5bUS$37.7bUS$2.2b27.4x59.8x3.5x
Fri, 21 Jun 2024US$125.9bUS$37.7bUS$2.2b24.7x56.2x3.3x
Sun, 19 May 2024US$132.7bUS$37.9bUS$2.4b28.3x55.3x3.5x
Tue, 16 Apr 2024US$127.4bUS$37.9bUS$2.3b27.2x56.3x3.4x
Thu, 14 Mar 2024US$129.6bUS$37.9bUS$2.2b26.8x58.1x3.4x
Sat, 10 Feb 2024US$125.2bUS$38.5bUS$2.3b25.5x53.3x3.3x
Mon, 08 Jan 2024US$129.8bUS$41.6bUS$2.3b25.4x55.8x3.1x
Wed, 06 Dec 2023US$123.1bUS$41.6bUS$2.3b22.8x52.9x3x
Fri, 03 Nov 2023US$108.7bUS$40.8bUS$2.1b19.4x51.3x2.7x
Sun, 01 Oct 2023US$122.5bUS$42.0bUS$2.4b19.7x51.5x2.9x
Tue, 29 Aug 2023US$126.9bUS$41.9bUS$2.4b22.4x53.8x3x
Thu, 27 Jul 2023US$135.3bUS$41.5bUS$2.2b23.7x61.3x3.3x
Sat, 24 Jun 2023US$128.1bUS$41.4bUS$2.2b23.7x58.8x3.1x
Mon, 22 May 2023US$128.8bUS$41.4bUS$2.2b23.4x59.7x3.1x
Wed, 19 Apr 2023US$124.9bUS$40.3bUS$2.5b26x50.4x3.1x
Price to Earnings Ratio

50.4x


Total Market Cap: US$124.9bTotal Earnings: US$2.5bTotal Revenue: US$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 53.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Electronic Equipment and Instruments industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 105x which is higher than its 3-year average PE of 53.1x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Electronic Equipment and Instruments compare with similar industries?

US Market3.38%
Tech4.52%
Electronic Equipment and Components11.56%
Electronic Equipment and Instruments7.85%
Electronic Components13.56%
Electronic Manufacturing Services12.64%
Technology Distributors6.05%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KEYS Keysight TechnologiesUS$324.1811.3%
+US$5.6b		142.7%PE56.7x
AEIS Advanced Energy IndustriesUS$379.6414.2%
+US$1.8b		337.5%PE96x
TDY Teledyne TechnologiesUS$645.743.6%
+US$1.0b		38.9%PE33.4x
ZBRA Zebra TechnologiesUS$222.139.5%
+US$933.2m		-1.5%PE25.6x
CGNX CognexUS$53.418.6%
+US$708.1m		123.0%PE77.9x

Latest News

ZBRA
US$222.13
Zebra Technologies
7D
9.5%
1Y
-1.5%
AIOT
US$2.95
PowerFleet
7D
-4.2%
1Y
-39.0%

PowerFleet: Product Mix Can Help It Become Profitable

Apr 10
AEIS
US$379.64
Advanced Energy Industries
7D
14.2%
1Y
337.5%

AEIS: AI WFE Spending And Broader End Markets Will Shape Outlook

The updated analyst price target for Advanced Energy Industries has increased to $342.22 from $337.22. Analysts cite stronger expectations around wafer fab equipment spending, AI-related chip capacity build-outs, and a broader set of end markets as key drivers behind the change.
KEYS
US$324.18
Keysight Technologies
7D
11.3%
1Y
142.7%

KEYS: Future Returns Will Rely On Durable AI And Wireline Order Momentum

The analyst price target for Keysight Technologies has moved modestly higher to reflect a fair value estimate of about $306. Analysts point to stronger order momentum across AI, wireline, and aerospace and defense, along with updated revenue and earnings models following recent Q1 results.
ARLO
US$13.12
Arlo Technologies
7D
-6.5%
1Y
47.7%
EVLV
US$5.96
Evolv Technologies Holdings
7D
-1.2%
1Y
77.4%
SMRT
US$1.41
SmartRent
7D
-7.2%
1Y
87.0%

SMRT: Share Buybacks Will Support Future Upside As Losses Narrow

Analysts have modestly adjusted their SmartRent price target to $2.00 per share, reflecting updated views on fair value, discount rate, profit margin, and future P/E assumptions, while keeping revenue growth expectations steady. What's in the News SmartRent completed its share repurchase program announced on March 5, 2024, buying back a total of 20,250,000 shares, representing 10.22% of shares for $33.46 million (Key Developments).
TDY
US$645.74
Teledyne Technologies
7D
3.6%
1Y
38.9%

TDY: Space And Defense Programs Will Support 2026 Premium Multiple Re Rating

The analyst price target for Teledyne Technologies has been lifted slightly, with the fair value estimate moving from about $699.69 to $701.85, as analysts factor in updated models that reflect recent Q4 results, fresh 2026 guidance, and a series of target increases across the Street. Analyst Commentary Recent research updates show a cluster of higher price targets for Teledyne Technologies, with analysts adjusting their models around Q4 results, new 2026 guidance, and refreshed sector views in industrial technology and aerospace and defense.
BMI
US$155.23
Badger Meter
7D
-1.0%
1Y
-15.4%

BMI: Premium P/E And Utility Funding Constraints Will Pressure Future Returns

Badger Meter's updated analyst price target has been reset to $136, reflecting mixed recent research in which several firms trimmed their targets, while others highlighted steady revenue growth, margin expectations, and valuation assumptions that now point to a slightly lower future P/E multiple. Analyst Commentary The latest research around Badger Meter reflects a split view, with one recent upgrade contrasted against a cluster of price target cuts and at least one downgrade.
LIDR
US$1.58
AEye
7D
-13.7%
1Y
150.4%
CGNX
US$53.41
Cognex
7D
8.6%
1Y
123.0%

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

Analyst price targets on Cognex have moved higher, with the updated fair value estimate holding at $65.50. Analysts point to margin improvement, cost initiatives, a recovering short cycle industrial group, and steadier segment trends as key supports for the new targets.
LASR
US$65.37
nLIGHT
7D
8.7%
1Y
791.8%

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$293.39
OSI Systems
7D
9.4%
1Y
54.8%

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.
MSAI
US$0.15
MultiSensor AI Holdings
7D
-37.4%
1Y
-82.7%
RAL
US$45.41
Ralliant
7D
8.1%
1Y
n/a
MVIS
US$0.61
MicroVision
7D
-4.3%
1Y
-50.2%