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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies183
  • 7D-1.4%
  • 3M16.3%
  • 1Y75.7%
  • YTD9.5%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.4%, driven by Corning declining 4.6%. Meanwhile, Flex actually outperformed within the industry, gaining 7.4% in the last week. Over the past 12 months, the industry was up 76%. 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 Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$727.4bUS$406.8bUS$15.4b29x47.3x1.8x
Fri, 13 Feb 2026US$742.5bUS$404.5bUS$15.7b27.1x47.4x1.8x
Sun, 11 Jan 2026US$654.7bUS$395.3bUS$16.0b26x40.9x1.7x
Tue, 09 Dec 2025US$673.7bUS$396.0bUS$16.3b24.7x41.3x1.7x
Thu, 06 Nov 2025US$651.7bUS$395.3bUS$15.5b25.2x42x1.6x
Sat, 04 Oct 2025US$629.2bUS$388.4bUS$13.7b24x45.9x1.6x
Mon, 01 Sep 2025US$578.3bUS$386.6bUS$13.5b22.8x42.9x1.5x
Wed, 30 Jul 2025US$572.7bUS$382.9bUS$15.1b24.2x37.9x1.5x
Fri, 27 Jun 2025US$525.1bUS$377.8bUS$13.6b24.1x38.7x1.4x
Sun, 25 May 2025US$474.3bUS$375.7bUS$13.4b22.1x35.4x1.3x
Tue, 22 Apr 2025US$392.0bUS$371.4bUS$13.9b19x28.2x1.1x
Thu, 20 Mar 2025US$437.5bUS$371.1bUS$14.7b20.6x29.7x1.2x
Sat, 15 Feb 2025US$476.3bUS$370.8bUS$14.8b23.9x32.2x1.3x
Mon, 13 Jan 2025US$461.5bUS$369.4bUS$15.6b24.8x29.6x1.2x
Wed, 11 Dec 2024US$482.4bUS$369.6bUS$15.6b26.2x30.9x1.3x
Fri, 08 Nov 2024US$483.9bUS$369.8bUS$15.8b24.4x30.6x1.3x
Sun, 06 Oct 2024US$444.5bUS$323.1bUS$15.8b24.1x28.2x1.4x
Tue, 03 Sep 2024US$444.7bUS$324.0bUS$15.9b22.7x27.9x1.4x
Thu, 01 Aug 2024US$436.2bUS$327.3bUS$14.9b23.2x29.3x1.3x
Sat, 29 Jun 2024US$428.2bUS$329.4bUS$15.1b21.6x28.4x1.3x
Mon, 27 May 2024US$440.3bUS$331.3bUS$15.3b21.6x28.9x1.3x
Wed, 24 Apr 2024US$405.1bUS$338.7bUS$15.7b19.5x25.9x1.2x
Fri, 22 Mar 2024US$411.3bUS$339.8bUS$15.7b19.2x26.3x1.2x
Sun, 18 Feb 2024US$406.1bUS$341.3bUS$15.0b19.5x27x1.2x
Tue, 16 Jan 2024US$390.2bUS$350.3bUS$13.7b19.4x28.5x1.1x
Thu, 14 Dec 2023US$384.5bUS$353.4bUS$13.8b19.4x28x1.1x
Sat, 11 Nov 2023US$349.7bUS$353.6bUS$13.9b17.5x25.2x1x
Mon, 09 Oct 2023US$366.3bUS$358.4bUS$14.4b16.7x25.4x1x
Wed, 06 Sep 2023US$385.0bUS$360.3bUS$14.6b16.7x26.4x1.1x
Fri, 04 Aug 2023US$391.7bUS$359.4bUS$15.1b17.5x25.9x1.1x
Sun, 02 Jul 2023US$396.3bUS$361.6bUS$15.1b17x26.3x1.1x
Tue, 30 May 2023US$365.1bUS$362.6bUS$15.1b16.8x24.2x1x
Thu, 27 Apr 2023US$339.2bUS$361.4bUS$16.2b15.4x21x0.9x
Sat, 25 Mar 2023US$358.4bUS$360.1bUS$15.9b16.7x22.6x1x
Price to Earnings Ratio

22.6x


Total Market Cap: US$358.4bTotal 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 47.3x 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 1.8x.
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 4.2% 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-0.97%
Tech-1.09%
Electronic Equipment and Components-1.37%
Electronic Manufacturing Services1.11%
Technology Distributors-0.71%
Electronic Equipment and Instruments-0.93%
Electronic Components-2.75%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.1x.
    • Analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings growth of 8.4% 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 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
FLEX FlexUS$65.397.4%
+US$1.6b		88.0%PE28.2x
JBL JabilUS$262.354.5%
+US$1.2b		93.4%PE39.4x
LWLG Lightwave LogicUS$7.3668.8%
+US$436.3m		557.1%PS10639.3x
LASR nLIGHTUS$71.1411.5%
+US$410.1m		672.4%PS15.2x
TEL TE ConnectivityUS$204.340.7%
+US$407.9m		39.1%PE29x

Latest News

COHR
US$245.80
Coherent
7D
-5.7%
1Y
276.0%
AEIS
US$315.91
Advanced Energy Industries
7D
1.5%
1Y
199.4%
TDY
US$643.06
Teledyne Technologies
7D
-1.9%
1Y
29.0%
KEYS
US$287.38
Keysight Technologies
7D
0.6%
1Y
88.2%
GLW
US$129.89
Corning
7D
-4.6%
1Y
174.8%
FLEX
US$65.39
Flex
7D
7.4%
1Y
88.0%

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.
LASR
US$71.14
nLIGHT
7D
11.5%
1Y
672.4%

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.
APH
US$135.12
Amphenol
7D
-1.2%
1Y
111.6%
TEL
US$204.34
TE Connectivity
7D
0.7%
1Y
39.1%
BDC
US$115.71
Belden
7D
-7.8%
1Y
11.6%

BDC: Share Repurchases And M&A Focus Will Support Future Upside

Analysts have kept their $175.80 price target on Belden steady, citing essentially unchanged fair value, revenue growth, profit margin, discount rate and forward P/E assumptions in their updated models. What's in the News Belden launched new cybersecurity and networking products for operational technology environments, including a hardware agnostic Virtual Firewall with three licensing tiers that support deep packet inspection, intrusion prevention and high availability, plus new LioN-X LC Digital I/O Modules that are the first digital I/O modules under the Belden brand (Key Developments).
LFUS
US$336.08
Littelfuse
7D
3.8%
1Y
60.6%
LWLG
US$7.36
Lightwave Logic
7D
68.8%
1Y
557.1%
JBL
US$262.35
Jabil
7D
4.5%
1Y
93.4%

JBL: Manufacturing Tie-Up And Completed Buyback Will Support Balanced Medium Term Outlook

Analysts have kept their Jabil fair value estimate steady at $264.50, with only slight tweaks to inputs such as the discount rate, long term revenue growth, profit margin, and future P/E assumptions guiding this updated price target view. What's in the News Jabil announced a minority investment and manufacturing collaboration with Eagle Harbor Technologies, combining Jabil's manufacturing capabilities with EHT Semi's RF and pulsed DC power systems for advanced semiconductor fabrication (Client Announcements).
FN
US$500.02
Fabrinet
7D
-7.9%
1Y
124.4%
MIR
US$19.26
Mirion Technologies
7D
-9.8%
1Y
30.8%

MIR: 2026 Guidance And Margin Assumptions Will Support Constructive Long Term Upside Potential

Analysts have made a modest adjustment to their price target for Mirion Technologies, keeping fair value at $29.30 while slightly refining inputs such as the discount rate, revenue growth and profit margin expectations to reflect updated assumptions. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a time frame for management's current planning assumptions (Key Developments).
VNT
US$36.45
Vontier
7D
-4.2%
1Y
9.4%

VNT: Future Earnings Power Will Rely On EV Charging And Share Repurchases

Analysts have nudged their Vontier price target slightly higher to $49.00. This reflects updated assumptions around fair value, discount rate, profit margin and future P/E that modestly refine their outlook on the shares.