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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies185
  • 7D1.1%
  • 3M23.3%
  • 1Y79.1%
  • YTD18.3%

Over the last 7 days, the Electronic Equipment and Components industry has risen 1.1%, driven by gains in Keysight Technologies and Corning of 26% and 7.8%, respectively. This takes the industry's 12 month performance to a gain of 79%. 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, 01 Mar 2026US$782.1bUS$405.2bUS$15.2b27.2x51.5x1.9x
Tue, 27 Jan 2026US$688.0bUS$396.2bUS$16.3b27.1x42.2x1.7x
Thu, 25 Dec 2025US$673.5bUS$397.3bUS$16.2b24.9x41.6x1.7x
Sat, 22 Nov 2025US$602.0bUS$395.9bUS$16.0b23.4x37.6x1.5x
Mon, 20 Oct 2025US$632.3bUS$388.4bUS$13.7b26.2x46.1x1.6x
Wed, 17 Sep 2025US$616.1bUS$386.6bUS$13.5b24.1x45.6x1.6x
Fri, 15 Aug 2025US$589.7bUS$386.2bUS$13.6b23.5x43.4x1.5x
Sun, 13 Jul 2025US$542.0bUS$377.6bUS$13.6b24.3x39.8x1.4x
Tue, 10 Jun 2025US$497.6bUS$375.7bUS$13.4b22.1x37.2x1.3x
Thu, 08 May 2025US$439.8bUS$374.2bUS$13.3b20.2x33.1x1.2x
Sat, 05 Apr 2025US$388.1bUS$371.4bUS$13.9b18.4x27.9x1x
Mon, 03 Mar 2025US$455.9bUS$370.8bUS$14.8b22.1x30.8x1.2x
Wed, 29 Jan 2025US$472.9bUS$370.8bUS$14.4b25.5x32.9x1.3x
Fri, 27 Dec 2024US$470.0bUS$368.2bUS$15.5b26.1x30.3x1.3x
Sun, 24 Nov 2024US$479.5bUS$369.5bUS$15.5b24.5x30.9x1.3x
Tue, 22 Oct 2024US$459.2bUS$323.1bUS$15.9b23.7x28.9x1.4x
Thu, 19 Sep 2024US$434.3bUS$323.9bUS$15.8b22.5x27.5x1.3x
Sat, 17 Aug 2024US$430.0bUS$324.2bUS$15.8b22.1x27.2x1.3x
Mon, 15 Jul 2024US$450.9bUS$329.1bUS$15.0b22.2x30x1.4x
Wed, 12 Jun 2024US$430.3bUS$331.2bUS$15.2b20.6x28.3x1.3x
Fri, 10 May 2024US$421.9bUS$331.4bUS$15.3b20.7x27.6x1.3x
Sun, 07 Apr 2024US$419.2bUS$338.6bUS$15.7b18.6x26.7x1.2x
Tue, 05 Mar 2024US$420.8bUS$341.3bUS$15.0b19.4x28.1x1.2x
Thu, 01 Feb 2024US$406.8bUS$349.9bUS$15.1b19.2x26.9x1.2x
Sat, 30 Dec 2023US$410.3bUS$352.2bUS$13.7b20.9x29.9x1.2x
Mon, 27 Nov 2023US$370.5bUS$353.4bUS$13.8b18x26.8x1x
Wed, 25 Oct 2023US$342.9bUS$358.4bUS$14.4b16.7x23.8x1x
Fri, 22 Sep 2023US$364.6bUS$360.4bUS$14.6b15.8x25x1x
Sun, 20 Aug 2023US$373.3bUS$360.3bUS$14.6b16.6x25.6x1x
Tue, 18 Jul 2023US$397.8bUS$361.5bUS$15.1b16.5x26.4x1.1x
Thu, 15 Jun 2023US$382.9bUS$362.6bUS$15.1b15.7x25.4x1.1x
Sat, 13 May 2023US$346.7bUS$361.5bUS$14.9b16.5x23.3x1x
Mon, 10 Apr 2023US$357.5bUS$361.4bUS$16.1b16.5x22.2x1x
Wed, 08 Mar 2023US$368.2bUS$359.3bUS$16.0b17x23.1x1x
Price to Earnings Ratio

23.1x


Total Market Cap: US$368.2bTotal Earnings: US$16.0bTotal 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 51.4x.
    • 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$307.3326.2%
+US$11.0b		92.6%PE53.8x
GLW CorningUS$150.387.8%
+US$9.3b		199.9%PE80.8x
COHR CoherentUS$258.934.3%
+US$2.0b		244.4%PE252.5x
TDY Teledyne TechnologiesUS$681.101.9%
+US$576.6m		32.2%PE35.3x
ARLO Arlo TechnologiesUS$15.6935.1%
+US$417.4m		9.1%PE110.4x

Latest News

GLW
US$150.38
Corning
7D
7.8%
1Y
199.9%
KEYS
US$307.33
Keysight Technologies
7D
26.2%
1Y
92.6%
ARLO
US$15.69
Arlo Technologies
7D
35.1%
1Y
9.1%
NOVT
US$134.43
Novanta
7D
-7.9%
1Y
-7.1%
AEIS
US$335.57
Advanced Energy Industries
7D
1.3%
1Y
191.4%
RAL
US$45.89
Ralliant
7D
5.1%
1Y
n/a
SANM
US$155.26
Sanmina
7D
3.9%
1Y
89.5%
TDY
US$681.10
Teledyne Technologies
7D
1.9%
1Y
32.2%

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.
COHR
US$258.93
Coherent
7D
4.3%
1Y
244.4%

COHR: AI Optical Demand And Product Pipeline Will Shape Balanced Risk Outlook

Analysts have lifted their price target framework for Coherent to about $254, up from roughly $246, citing a larger expected optical total addressable market tied to AI data center investment and new network technologies. Analyst Commentary Recent Street research around Coherent has centered on how quickly its optical opportunities tied to AI data centers and new network technologies are being reflected in valuation frameworks.
JBL
US$264.99
Jabil
7D
-2.3%
1Y
71.0%

JBL: Manufacturing Partnership And Buybacks Will Support Balanced Medium Term Outlook

Analysts have kept their Jabil fair value estimate steady at $264.50, with only marginal tweaks to assumptions such as discount rate, revenue growth, profit margin, and future P/E, which they consider too small to justify a change in the price target. What's in the News Jabil announced a minority investment and manufacturing collaboration with Eagle Harbor Technologies, focusing on power delivery technologies for advanced semiconductor fabrication, including RF and pulsed DC systems for high aspect ratio etch and atomic layer processes (Key Developments).
LFUS
US$352.46
Littelfuse
7D
-4.8%
1Y
51.9%

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.
TEL
US$230.15
TE Connectivity
7D
-2.0%
1Y
49.4%

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.
ZBRA
US$223.96
Zebra Technologies
7D
-12.3%
1Y
-28.9%

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.
SNX
US$156.81
TD SYNNEX
7D
-3.0%
1Y
14.1%

SNX: Future Returns Will Be Driven By Hyve And Higher Value Exposure

The TD SYNNEX analyst price target has edged higher to about $180, with analysts pointing to expected billings growth from distribution and Hyve, balanced against concerns around memory pricing and hardware demand elasticity. Analyst Commentary Recent research views on TD SYNNEX cluster around a similar price range but differ on how much weight to put on billings growth versus hardware related risks.
APH
US$146.06
Amphenol
7D
-3.3%
1Y
119.3%

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.
FLEX
US$63.02
Flex
7D
-4.0%
1Y
66.3%

FLEX: Liquid Cooling Execution Will Drive Future AI Data Center Upside

Analysts have nudged their price targets on Flex higher by about $2.43, supported by updated views on fair value, discount rate, revenue growth, profit margins, and future P/E assumptions as reflected in recent research from firms such as Barclays and Raymond James. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent price target increase of about $2.43 reflects refreshed views on fair value that incorporate updated assumptions around revenue growth, profit margins, and future P/E levels.