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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies184
  • 7D-8.6%
  • 3M24.9%
  • 1Y79.6%
  • YTD41.1%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 8.6%, driven by Corning declining 14%. This takes the industry's 12 month performance to a gain of 80%. 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
Sat, 04 Jul 2026US$992.2bUS$433.6bUS$17.6b31.9x56.5x2.3x
Mon, 01 Jun 2026US$923.7bUS$427.9bUS$17.3b33.7x53.4x2.2x
Wed, 29 Apr 2026US$858.4bUS$414.5bUS$16.5b26.9x51.9x2.1x
Fri, 27 Mar 2026US$754.0bUS$408.4bUS$15.3b29.1x49.3x1.8x
Sun, 22 Feb 2026US$773.2bUS$404.8bUS$15.0b30x51.4x1.9x
Tue, 20 Jan 2026US$701.6bUS$395.3bUS$16.0b27.8x43.8x1.8x
Thu, 18 Dec 2025US$646.8bUS$396.0bUS$16.2b24.1x40x1.6x
Sat, 15 Nov 2025US$637.4bUS$395.9bUS$16.0b23.7x39.8x1.6x
Mon, 13 Oct 2025US$607.5bUS$388.4bUS$13.7b24.9x44.3x1.6x
Wed, 10 Sep 2025US$599.1bUS$386.6bUS$13.5b23.9x44.4x1.5x
Fri, 08 Aug 2025US$570.5bUS$386.0bUS$13.6b23.5x41.9x1.5x
Sun, 06 Jul 2025US$544.4bUS$377.6bUS$13.6b25.5x40x1.4x
Tue, 03 Jun 2025US$483.3bUS$375.7bUS$13.4b22x36.1x1.3x
Thu, 01 May 2025US$427.1bUS$374.0bUS$13.6b20.2x31.5x1.1x
Sat, 29 Mar 2025US$433.7bUS$371.6bUS$13.9b20.5x31.3x1.2x
Mon, 24 Feb 2025US$467.5bUS$370.9bUS$14.8b23.8x31.6x1.3x
Wed, 22 Jan 2025US$478.3bUS$369.6bUS$15.6b26.1x30.8x1.3x
Fri, 20 Dec 2024US$460.7bUS$368.2bUS$15.5b24.9x29.7x1.3x
Sun, 17 Nov 2024US$458.3bUS$369.6bUS$15.8b23.6x28.9x1.2x
Tue, 15 Oct 2024US$457.1bUS$323.1bUS$15.9b24.1x28.8x1.4x
Thu, 12 Sep 2024US$419.6bUS$323.9bUS$15.8b21.6x26.6x1.3x
Sat, 10 Aug 2024US$409.4bUS$324.3bUS$15.6b21x26.2x1.3x
Mon, 08 Jul 2024US$428.0bUS$329.2bUS$15.1b21.3x28.3x1.3x
Wed, 05 Jun 2024US$432.4bUS$331.3bUS$15.3b21.1x28.3x1.3x
Fri, 03 May 2024US$401.3bUS$331.6bUS$15.4b19x26x1.2x
Sun, 31 Mar 2024US$423.1bUS$338.7bUS$15.7b19.1x27x1.2x
Tue, 27 Feb 2024US$409.1bUS$341.2bUS$14.9b19.7x27.4x1.2x
Thu, 25 Jan 2024US$396.5bUS$350.4bUS$15.2b19.1x26.1x1.1x
Sat, 23 Dec 2023US$406.8bUS$352.2bUS$13.7b21.2x29.6x1.2x
Mon, 20 Nov 2023US$369.4bUS$353.7bUS$13.9b18.1x26.6x1x
Wed, 18 Oct 2023US$364.0bUS$358.4bUS$14.4b17x25.2x1x
Fri, 15 Sep 2023US$372.3bUS$360.4bUS$14.6b15.9x25.5x1x
Sun, 13 Aug 2023US$386.1bUS$359.6bUS$15.0b16.6x25.8x1.1x
Tue, 11 Jul 2023US$399.2bUS$361.6bUS$15.0b17.2x26.6x1.1x
Price to Earnings Ratio

26.6x


Total Market Cap: US$399.2bTotal Earnings: US$15.0bTotal Revenue: US$361.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 34.5x202420252026
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 56.5x which is higher than its 3-year average PE of 34.4x.
  • 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 5.3% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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 Market1.38%
Tech-0.83%
Electronic Equipment and Components-8.57%
Electronic Equipment and Instruments-4.29%
Technology Distributors-7.27%
Electronic Components-9.23%
Electronic Manufacturing Services-10.74%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 56.0x.
    • Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings growth of 7.8% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 29% 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
TDY Teledyne TechnologiesUS$652.084.5%
+US$1.3b		25.9%PE32.4x
APH AmphenolUS$164.590.5%
+US$1.1b		65.5%PE45.3x
ZBRA Zebra TechnologiesUS$267.186.2%
+US$745.5m		-17.5%PE30.4x
OUST OusterUS$49.8418.6%
+US$497.9m		119.3%PS17.1x
NOVT NovantaUS$161.722.6%
+US$495.1m		21.3%PE113.7x

Latest News

CGNX
US$67.80
Cognex
7D
1.9%
1Y
108.5%
Narrative Update • Jul 02

CGNX: AI Vision Expansion And End Market Diversification Will Support Fair Outlook

Cognex's updated analyst price framework reflects a modest fair value lift to $64.14 from $61.65, with analysts tying higher targets, often in the $60s to mid $70s range, to AI enabled product progress, broader end market exposure, and more constructive views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent Street research on Cognex highlights a mixed but generally constructive tone, with several firms lifting price targets and, in one case, upgrading the stock on the back of AI enabled vision systems, broader end market exposure, and sales model changes.
SNX
US$244.64
TD SYNNEX
7D
-11.9%
1Y
74.5%
UMAC
US$22.08
Unusual Machines
7D
17.4%
1Y
152.9%
Narrative Update • Jul 02

UMAC: Government Backing And Defense Demand Will Drive Drone Supercycle Upside

Analysts have raised their blended price target for Unusual Machines to $33.67 from $25.33, citing research that points to stronger expected revenue growth, improving profit margins and potential government backed capacity expansion for its U.S.-made drone components. Analyst Commentary Recent research on Unusual Machines highlights a cluster of optimistic views around demand for U.S. made drone components and potential government involvement in funding capacity.
FLEX
US$136.86
Flex
7D
-15.1%
1Y
164.8%
OUST
US$49.84
Ouster
7D
19.2%
1Y
119.3%
Narrative Update • Jul 02

OUST: Defense And Infrastructure Hype Will Later Expose Cash Flow Risk

Ouster's analyst price target has risen from $39.67 to $46.86, as analysts highlight the company's lidar and stereoscopic camera portfolio, its expanded total addressable market following new product launches and defense partnerships, and a path they expect could move cash flow closer to breakeven over the coming years. Analyst Commentary Recent research on Ouster clusters around its lidar and stereoscopic camera portfolio, the expanded total addressable market tied to new products and defense work, and a long-term path that some analysts expect could move cash flow closer to breakeven.
TDY
US$652.08
Teledyne Technologies
7D
4.0%
1Y
25.9%
TTMI
US$155.98
TTM Technologies
7D
-25.9%
1Y
254.3%
GLW
US$196.79
Corning
7D
-13.7%
1Y
271.0%
FN
US$499.61
Fabrinet
7D
-12.0%
1Y
69.6%
Narrative Update • Jun 29

FN: AI Infrastructure Demand And Higher P/E Assumptions Will Support Upside Potential

Analysts have raised their fair value estimate for Fabrinet from $452.00 to $635.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple in their price target work. What’s in the News for Fabrinet Fabrinet is expanding its role in the AI infrastructure supply chain as a manufacturing partner for advanced optical communication products used in AI data centers, according to recent coverage on the company’s AI positioning.
CXT
US$52.50
Crane NXT
7D
9.3%
1Y
-7.1%
JBL
US$341.30
Jabil
7D
-8.9%
1Y
51.0%
KEYS
US$313.86
Keysight Technologies
7D
-12.8%
1Y
87.9%
Narrative Update • Jun 29

KEYS: AI Infrastructure Orders Will Drive Future Earnings Power Reset

The analyst fair value estimate for Keysight Technologies has been raised from $340 to $426, reflecting a broad reset higher in Street price targets after strong Q2 orders, AI related demand, and updated models that incorporate higher revenue growth, margins, and earnings power. Analyst Commentary Street research around Keysight Technologies has turned more constructive following the latest fiscal Q2 report, with a series of higher fair value estimates and price targets clustered well above prior levels.
COHR
US$333.36
Coherent
7D
-18.1%
1Y
266.7%
ZBRA
US$267.18
Zebra Technologies
7D
9.8%
1Y
-17.5%
Narrative Update • Jun 29

ZBRA: Automation And AI Execution Will Test Fairly Balanced Risk Reward

Zebra Technologies' analyst fair value estimate has been trimmed by $7 to $267 as analysts factor in a higher discount rate and slightly softer revenue growth assumptions. At the same time, they highlight stronger execution, improving short-cycle demand trends, and higher Street price targets following recent Q1 and Q2 updates.
AEVA
US$23.98
Aeva Technologies
7D
14.8%
1Y
-27.1%
NOVT
US$161.72
Novanta
7D
0.8%
1Y
21.3%
Narrative Update • Jun 17

NOVT: Future Earnings Power Will Rely On Executing Riverpoint Acquisition Strategy

Analysts have adjusted their fair value estimate for Novanta to $175.0 from $171.5, citing updated models that incorporate recent Q1 results, accelerating bookings and growth momentum, along with a revised future P/E assumption of 34.67x. Analyst Commentary Recent Street commentary on Novanta focuses on how the latest Q1 results and updated models feed into valuation, execution risk and future growth assumptions for the stock.