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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies184
  • 7D4.5%
  • 3M37.4%
  • 1Y103.5%
  • YTD46.5%

The Electronic Equipment and Components industry is up 4.5% in the last week, with Corning up 8.1%. This takes the industry's 12 month performance to a gain of 103%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$974.2bUS$427.9bUS$17.3b34x56.3x2.3x
Sun, 03 May 2026US$854.3bUS$421.5bUS$16.8b28.5x50.8x2x
Tue, 31 Mar 2026US$707.8bUS$408.4bUS$15.3b28.1x46.3x1.7x
Thu, 26 Feb 2026US$797.7bUS$405.1bUS$15.1b28.3x52.7x2x
Sat, 24 Jan 2026US$700.0bUS$396.2bUS$16.3b26.9x42.9x1.8x
Mon, 22 Dec 2025US$664.0bUS$397.3bUS$16.2b24.9x41x1.7x
Wed, 19 Nov 2025US$624.4bUS$395.9bUS$16.0b22.8x39x1.6x
Fri, 17 Oct 2025US$636.6bUS$388.4bUS$13.7b26.1x46.4x1.6x
Sun, 14 Sep 2025US$611.8bUS$386.6bUS$13.5b24.1x45.3x1.6x
Tue, 12 Aug 2025US$579.2bUS$386.1bUS$13.7b23.9x42.4x1.5x
Thu, 10 Jul 2025US$538.1bUS$377.6bUS$13.6b24.1x39.6x1.4x
Sat, 07 Jun 2025US$492.2bUS$375.7bUS$13.4b22x36.8x1.3x
Mon, 05 May 2025US$445.9bUS$373.7bUS$13.5b20.2x33x1.2x
Wed, 02 Apr 2025US$420.6bUS$371.3bUS$13.9b20.9x30.2x1.1x
Fri, 28 Feb 2025US$458.8bUS$370.9bUS$14.8b22x30.9x1.2x
Sun, 26 Jan 2025US$505.5bUS$370.7bUS$14.4b26.4x35.1x1.4x
Tue, 24 Dec 2024US$463.8bUS$368.2bUS$15.5b25.3x29.9x1.3x
Thu, 21 Nov 2024US$460.3bUS$369.5bUS$15.5b23.5x29.6x1.2x
Sat, 19 Oct 2024US$460.6bUS$323.1bUS$15.9b23.9x29x1.4x
Mon, 16 Sep 2024US$428.4bUS$323.9bUS$15.8b22.2x27.2x1.3x
Wed, 14 Aug 2024US$411.0bUS$324.3bUS$15.6b21.5x26.3x1.3x
Fri, 12 Jul 2024US$441.7bUS$329.2bUS$15.1b21.9x29.2x1.3x
Sun, 09 Jun 2024US$426.8bUS$331.3bUS$15.2b21.1x28.1x1.3x
Tue, 07 May 2024US$417.9bUS$331.7bUS$15.4b19.9x27.2x1.3x
Thu, 04 Apr 2024US$419.9bUS$338.5bUS$15.7b18.9x26.7x1.2x
Sat, 02 Mar 2024US$412.8bUS$341.3bUS$15.0b19.2x27.6x1.2x
Mon, 29 Jan 2024US$399.0bUS$350.4bUS$15.2b19.8x26.2x1.1x
Wed, 27 Dec 2023US$406.9bUS$352.2bUS$13.7b21.3x29.7x1.2x
Fri, 24 Nov 2023US$369.0bUS$353.7bUS$13.9b18.1x26.6x1x
Sun, 22 Oct 2023US$346.1bUS$358.4bUS$14.4b16.8x24x1x
Tue, 19 Sep 2023US$374.0bUS$360.4bUS$14.6b15.8x25.6x1x
Thu, 17 Aug 2023US$378.0bUS$360.0bUS$14.9b15.5x25.4x1.1x
Sat, 15 Jul 2023US$399.2bUS$361.6bUS$15.1b17.4x26.5x1.1x
Mon, 12 Jun 2023US$373.2bUS$362.6bUS$15.1b16.9x24.7x1x
Price to Earnings Ratio

24.7x


Total Market Cap: US$373.2bTotal Earnings: US$15.1bTotal Revenue: US$362.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 33.7x202420252026
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 56.3x which is higher than its 3-year average PE of 33.7x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 4.7% per year over the last three years.
  • Revenues for these companies have grown 5.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market-0.11%
Tech2.80%
Electronic Equipment and Components4.54%
Technology Distributors10.56%
Electronic Manufacturing Services5.53%
Electronic Components5.01%
Electronic Equipment and Instruments-0.25%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 55.3x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings growth of 7.5% per year.
  • Investors are most pessimistic about the Technology Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 19% 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
GLW CorningUS$197.708.1%
+US$12.7b		288.7%PE94x
COHR CoherentUS$421.9011.9%
+US$8.8b		429.7%PE206x
FLEX FlexUS$159.5110.1%
+US$5.4b		274.8%PE66.4x
TEL TE ConnectivityUS$220.755.0%
+US$3.0b		36.0%PE22.2x
CDW CDWUS$139.4520.0%
+US$3.0b		-20.7%PE16.5x

Latest News

SNX
US$277.57
TD SYNNEX
7D
12.7%
1Y
128.8%
VSH
US$63.67
Vishay Intertechnology
7D
21.9%
1Y
332.5%
TTMI
US$184.84
TTM Technologies
7D
-1.6%
1Y
475.6%
TDY
US$618.59
Teledyne Technologies
7D
-2.4%
1Y
23.7%
COHR
US$421.90
Coherent
7D
11.9%
1Y
429.7%
Narrative Update • Jun 04

COHR: AI Optics Demand And Nvidia Partnership Will Shape Future Returns

Coherent's analyst price target has been updated to about $381 from about $371, with analysts pointing to higher AI infrastructure demand and a larger projected AI data center market as key drivers behind the recalibration of assumptions around growth, margins, and future P/E. Analyst Commentary Recent research activity around Coherent has centered on AI infrastructure, with several bullish analysts adjusting price targets higher and reframing their growth and margin assumptions around a larger AI data center opportunity.
CDW
US$139.45
CDW
7D
20.0%
1Y
-20.7%
Narrative Update • Jun 03

CDW: AI Backlog And Cost Savings Will Not Offset Margin Risks

CDW's analyst price target has been updated to $123 from $142, as analysts factor in more conservative assumptions on growth and valuation, while still pointing to potential upside linked to AI, modernization demand, and a solid order backlog. Analyst Commentary Recent Street research on CDW reflects a mix of optimism about AI and modernization demand alongside a reset in expectations around growth and valuation.
TEL
US$220.75
TE Connectivity
7D
5.0%
1Y
36.0%
PLUS
US$80.90
ePlus
7D
-8.7%
1Y
14.0%
CGNX
US$64.67
Cognex
7D
-2.0%
1Y
113.9%
Narrative Update • Jun 03

CGNX: AI Vision Turnaround And Cost Discipline Will Support Fairly Valued Outlook

Narrative Update: Cognex Analyst Price Target Move The analyst price target for Cognex is updated from $50.92 to $61.65, with analysts citing AI-enabled vision systems, a broader customer base, an improved mix, and expense leverage as key factors supporting higher fair value assumptions. Analyst Commentary Recent research updates around Cognex point to a more constructive tone on growth opportunities tied to AI enabled vision systems and a broader customer base, but there is still a pocket of caution that centers on how much of this optimism is already reflected in the stock price and how consistently the company can execute.
OSIS
US$212.61
OSI Systems
7D
-3.9%
1Y
-4.6%
GLW
US$197.70
Corning
7D
8.1%
1Y
288.7%
Narrative Update • Jun 02

GLW: AI Infrastructure Euphoria Will Likely Limit Future Share Upside

Corning's updated analyst narrative keeps fair value steady at $149.00 per share. A series of recent price target increases and its addition to a major "US 1 List" reflect analysts' focus on slightly higher modeled revenue growth, modestly stronger profit margins, and a marginally lower future P/E multiple.
FN
US$714.78
Fabrinet
7D
7.0%
1Y
201.3%
Narrative Update • Jun 01

FN: CPO Expansion And Buybacks Will Support Future Upside Potential

Analysts have lifted their price target for Fabrinet from $582.22 to $749.11, citing updated assumptions for revenue growth, profit margins, and future P/E that feed into a higher fair value estimate and a slightly higher discount rate. What's in the News Fabrinet made a minority investment in Taiwan based Raytek Semiconductor, a wafer level packaging specialist, to strengthen its position in the co packaged optics (CPO) supply chain.
FLEX
US$159.51
Flex
7D
10.1%
1Y
274.8%
Narrative Update • Jun 01

FLEX: Spin Off Execution Risk Will Test AI Power Optimism

The analyst price target for Flex has shifted from $70.00 to $100.83, with analysts pointing to the planned spin off of the Cloud & Power Infrastructure segment, expectations for a higher growth power and compute business alongside a steady EMS core, and updated views on revenue growth, profit margins and future P/E as key drivers of the new valuation framework. Analyst Commentary Recent research on Flex highlights a split view.
LASR
US$74.89
nLIGHT
7D
-5.4%
1Y
320.3%
Narrative Update • Jun 01

LASR: Directed Energy Defense Programs Will Drive Vertically Integrated Backlog Expansion

Analysts have lifted the price target on nLIGHT to $86.43 from $85, citing ongoing confidence in the company’s directed energy focus and vertically integrated laser platform as key supports for their updated view. Analyst Commentary Recent research points to a generally constructive tone on nLIGHT, with several firms adjusting price targets higher and highlighting the company’s focus on directed energy and vertical integration as key parts of their thesis.
APH
US$146.77
Amphenol
7D
-0.6%
1Y
58.6%
Narrative Update • Jun 01

APH: Hybrid Optics Roadmap And Mixed List Actions Will Shape Near Term Returns

Analysts have adjusted the price target on Amphenol to $146.29 from $135.68, reflecting updated views on fair value, a slightly higher discount rate, and revised assumptions for revenue growth, profit margin, and future P/E multiples following recent mixed research actions across the Street. Analyst Commentary Recent Street research on Amphenol has been mixed, with several higher price targets offset by more cautious moves and list removals.
CXT
US$37.23
Crane NXT
7D
-7.2%
1Y
-30.1%
Narrative Update • May 20

CXT: New US$10 Bill Launch Will Support Future Upside Potential

Analysts have reduced the Crane NXT fair value estimate from $62.00 to $50.00, reflecting lower assumed profit margins, a higher discount rate, and a more conservative valuation multiple. They continue to highlight the stock's compressed valuation and the potential catalyst from the new $10 bill release.