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U.S. Electronic Equipment and Components Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies182
  • 7D3.1%
  • 3M24.9%
  • 1Y72.3%
  • YTD17.0%

The Electronic Equipment and Components industry has gained 3.1% in the last week and Coherent up 14%. Meanwhile, IPG Photonics actually underperformed within the industry, shrinking 13% in the last week. This takes the industry's 12 month performance to a gain of 72%. 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
Mon, 23 Feb 2026US$773.2bUS$404.8bUS$15.0b30x51.4x1.9x
Wed, 21 Jan 2026US$701.6bUS$395.3bUS$16.0b27.2x43.8x1.8x
Fri, 19 Dec 2025US$637.6bUS$397.3bUS$16.2b24.5x39.3x1.6x
Sun, 16 Nov 2025US$635.6bUS$395.9bUS$16.0b23.7x39.7x1.6x
Tue, 14 Oct 2025US$607.5bUS$388.4bUS$13.7b24.8x44.3x1.6x
Thu, 11 Sep 2025US$599.1bUS$386.6bUS$13.5b23.8x44.4x1.5x
Sat, 09 Aug 2025US$571.8bUS$386.1bUS$13.6b23.8x41.9x1.5x
Mon, 07 Jul 2025US$544.4bUS$377.6bUS$13.6b25.5x40x1.4x
Wed, 04 Jun 2025US$482.9bUS$375.7bUS$13.4b21.7x36.1x1.3x
Fri, 02 May 2025US$426.8bUS$373.9bUS$13.6b20.2x31.3x1.1x
Sun, 30 Mar 2025US$422.9bUS$371.3bUS$13.9b20.5x30.4x1.1x
Tue, 25 Feb 2025US$467.4bUS$370.9bUS$14.8b22.9x31.6x1.3x
Thu, 23 Jan 2025US$493.0bUS$369.6bUS$15.6b26.2x31.7x1.3x
Sat, 21 Dec 2024US$460.3bUS$368.2bUS$15.5b25.7x29.7x1.3x
Mon, 18 Nov 2024US$458.3bUS$369.6bUS$15.8b23.6x28.9x1.2x
Wed, 16 Oct 2024US$454.4bUS$323.1bUS$15.9b23.9x28.6x1.4x
Fri, 13 Sep 2024US$419.6bUS$323.9bUS$15.8b21.7x26.6x1.3x
Sun, 11 Aug 2024US$409.8bUS$324.3bUS$15.6b21x26.3x1.3x
Tue, 09 Jul 2024US$428.0bUS$329.2bUS$15.1b21.6x28.3x1.3x
Thu, 06 Jun 2024US$426.1bUS$331.3bUS$15.3b21.6x27.9x1.3x
Sat, 04 May 2024US$407.6bUS$331.7bUS$15.4b19.6x26.5x1.2x
Mon, 01 Apr 2024US$423.1bUS$338.7bUS$15.7b19.1x27x1.2x
Wed, 28 Feb 2024US$408.9bUS$341.2bUS$14.9b19.9x27.4x1.2x
Fri, 26 Jan 2024US$398.4bUS$350.4bUS$15.2b19.5x26.2x1.1x
Sun, 24 Dec 2023US$406.9bUS$352.2bUS$13.7b21.2x29.6x1.2x
Tue, 21 Nov 2023US$369.4bUS$353.7bUS$13.9b18.1x26.6x1x
Thu, 19 Oct 2023US$356.8bUS$358.4bUS$14.4b17x24.7x1x
Sat, 16 Sep 2023US$372.3bUS$360.4bUS$14.6b15.9x25.5x1x
Mon, 14 Aug 2023US$386.1bUS$359.6bUS$15.0b16.2x25.8x1.1x
Wed, 12 Jul 2023US$401.0bUS$361.6bUS$15.0b17.1x26.7x1.1x
Fri, 09 Jun 2023US$374.2bUS$362.6bUS$15.1b16.7x24.8x1x
Sun, 07 May 2023US$347.1bUS$359.8bUS$15.1b16.6x23x1x
Tue, 04 Apr 2023US$374.1bUS$361.4bUS$16.2b17.2x23.1x1x
Thu, 02 Mar 2023US$368.5bUS$359.3bUS$16.0b17x23.1x1x
Price to Earnings Ratio

23.1x


Total Market Cap: US$368.5bTotal 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 31.1x202420252026
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 51.4x which is higher than its 3-year average PE of 31.1x.
  • 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 Market1.04%
Tech1.26%
Electronic Equipment and Components3.12%
Electronic Components4.58%
Electronic Manufacturing Services2.56%
Electronic Equipment and Instruments1.60%
Technology Distributors-0.30%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 51.1x.
    • Analysts are expecting annual earnings growth of 23.6%, 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 16.0x.
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
COHR CoherentUS$248.1814.2%
+US$5.8b		200.3%PE242.1x
APH AmphenolUS$151.042.9%
+US$5.3b		123.5%PE43.5x
GLW CorningUS$139.514.5%
+US$5.2b		170.9%PE75x
FN FabrinetUS$546.1310.2%
+US$1.8b		146.1%PE51.9x
JBL JabilUS$271.096.5%
+US$1.7b		66.7%PE40.7x

Latest News

CDW
US$124.64
CDW
7D
-1.8%
1Y
-33.2%

CDW: Future Earnings Quality Concerns Will Present A Contrarian Opportunity

Our updated narrative on CDW reflects a reduced illustrative fair value estimate, moving from about $160 to roughly $142 per share, as analysts trim price targets and factor in higher discount rates and a lower assumed future P/E multiple, despite slightly stronger modeled revenue growth. Analyst Commentary Recent Street research on CDW has tilted cautious, with multiple price target cuts and at least one downgrade contributing to a more muted sentiment around the shares.
MIR
US$21.28
Mirion Technologies
7D
-5.5%
1Y
34.5%

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.
IPGP
US$133.62
IPG Photonics
7D
-13.2%
1Y
111.5%
VNT
US$40.96
Vontier
7D
-2.0%
1Y
8.6%

VNT: Future Earnings Power Will Rely On Ongoing Share Repurchases

Analysts have adjusted their price target on Vontier to $48.77 from $45.77, reflecting updated assumptions around a slightly lower revenue growth outlook, a modestly higher profit margin, a small change in the discount rate, and a similar forward P/E profile. What's in the News Vontier reported completing a share repurchase tranche between September 28, 2025 and December 28, 2025, buying 3,400,000 shares, or 2.34% of shares, for US$126.58 million under its existing buyback authorization (Key Developments).
TTMI
US$107.93
TTM Technologies
7D
17.6%
1Y
325.6%

TTMI: Radar Contracts And Data Center Demand Will Support Margins

Analysts have lifted their price targets on TTM Technologies, with our fair value estimate moving from $103.25 to $118.50 as they factor in updated assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street reports on TTM Technologies reflect a more constructive stance on the stock, with several bullish analysts lifting their price targets by varying amounts.
KEYS
US$243.54
Keysight Technologies
7D
4.3%
1Y
38.8%
TEL
US$234.73
TE Connectivity
7D
-0.6%
1Y
51.9%

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$56.03
Cognex
7D
-4.7%
1Y
70.9%

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

Feb 19
We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings
ZBRA
US$255.41
Zebra Technologies
7D
-3.5%
1Y
-17.9%

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.
FN
US$546.13
Fabrinet
7D
10.2%
1Y
146.1%

FN: Share Repurchases And Margin Strength Will Support Future Upside

Analysts have nudged their price outlook for Fabrinet higher to $600.00, citing small adjustments to assumptions such as a discount rate of 8.34%, revenue growth of 21.31%, a profit margin of 10.32%, and a forward P/E of 37.24x. What's in the News Fabrinet repurchased 12,439 shares for US$4.81m between September 27, 2025 and December 26, 2025, representing 0.03% of shares.
GLW
US$139.51
Corning
7D
4.5%
1Y
170.9%

GLW: AI Fiber Deal And Margin Reliance May Cap Future Upside

Analysts have lifted their blended price target for Corning to about $91, reflecting Street research that points to slightly lower assumed revenue growth, higher expected profit margins, and a richer future P/E multiple. Analyst Commentary Recent research on Corning has been active, with several firms adjusting their price targets and refining their views on the setup for earnings, margins, and valuation.
APH
US$151.04
Amphenol
7D
2.9%
1Y
123.5%

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.
BDC
US$145.79
Belden
7D
-2.6%
1Y
30.7%

Belden Inc. (NYSE:BDC) Just Reported And Analysts Have Been Lifting Their Price Targets

Feb 16
Belden Inc. (NYSE:BDC) Just Reported And Analysts Have Been Lifting Their Price Targets
COHR
US$248.18
Coherent
7D
14.2%
1Y
200.3%
AEIS
US$331.23
Advanced Energy Industries
7D
5.4%
1Y
161.8%
JBL
US$271.09
Jabil
7D
6.5%
1Y
66.7%

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

Analysts have kept their price target for Jabil broadly steady at around $264.50. This reflects small tweaks to assumptions for the discount rate, revenue growth, profit margin, and future P/E multiple, rather than a major change in conviction.