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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies184
  • 7D-0.8%
  • 3M23.2%
  • 1Y102.9%
  • YTD29.4%

The Electronic Equipment and Components is pretty flat in the last 7 days, but TTM Technologies has stood out, gaining 19%. The past year has been better, since the industry has gained 103% in that time. Earnings are forecast to grow by 23% 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, 02 May 2026US$834.0bUS$419.7bUS$16.8b28.2x49.7x2x
Mon, 30 Mar 2026US$709.4bUS$408.4bUS$15.3b28.8x46.4x1.7x
Wed, 25 Feb 2026US$769.2bUS$405.1bUS$15.2b28x50.8x1.9x
Fri, 23 Jan 2026US$702.9bUS$396.2bUS$16.3b27.7x43.1x1.8x
Sun, 21 Dec 2025US$664.0bUS$397.3bUS$16.2b24.9x41x1.7x
Tue, 18 Nov 2025US$635.2bUS$395.9bUS$16.0b23x39.7x1.6x
Thu, 16 Oct 2025US$624.6bUS$388.4bUS$13.7b26.1x45.5x1.6x
Sat, 13 Sep 2025US$616.2bUS$386.6bUS$13.5b24.1x45.6x1.6x
Mon, 11 Aug 2025US$579.2bUS$386.1bUS$13.7b23.8x42.4x1.5x
Wed, 09 Jul 2025US$536.3bUS$377.6bUS$13.6b24x39.4x1.4x
Fri, 06 Jun 2025US$492.1bUS$375.7bUS$13.4b21.8x36.8x1.3x
Sun, 04 May 2025US$446.1bUS$373.7bUS$13.5b20.2x33x1.2x
Tue, 01 Apr 2025US$422.9bUS$371.3bUS$13.9b20.9x30.4x1.1x
Thu, 27 Feb 2025US$456.4bUS$370.9bUS$14.8b23x30.8x1.2x
Sat, 25 Jan 2025US$509.9bUS$370.7bUS$14.4b26.4x35.4x1.4x
Mon, 23 Dec 2024US$463.8bUS$368.2bUS$15.5b25.7x29.9x1.3x
Wed, 20 Nov 2024US$457.3bUS$369.6bUS$15.8b23.4x28.9x1.2x
Fri, 18 Oct 2024US$457.1bUS$323.1bUS$15.9b24.1x28.8x1.4x
Sun, 15 Sep 2024US$428.4bUS$323.9bUS$15.8b22.2x27.2x1.3x
Tue, 13 Aug 2024US$409.8bUS$324.3bUS$15.6b21.3x26.3x1.3x
Thu, 11 Jul 2024US$433.8bUS$329.2bUS$15.1b21.4x28.7x1.3x
Sat, 08 Jun 2024US$429.2bUS$331.3bUS$15.2b21.1x28.2x1.3x
Mon, 06 May 2024US$412.5bUS$331.7bUS$15.4b19.6x26.8x1.2x
Wed, 03 Apr 2024US$419.5bUS$338.7bUS$15.7b18.9x26.8x1.2x
Fri, 01 Mar 2024US$408.8bUS$341.2bUS$14.9b18.9x27.4x1.2x
Sun, 28 Jan 2024US$399.0bUS$350.4bUS$15.2b19.8x26.2x1.1x
Tue, 26 Dec 2023US$406.9bUS$352.2bUS$13.7b21.2x29.6x1.2x
Thu, 23 Nov 2023US$370.5bUS$353.7bUS$13.9b18.1x26.7x1x
Sat, 21 Oct 2023US$346.1bUS$358.4bUS$14.4b16.8x24x1x
Mon, 18 Sep 2023US$372.3bUS$360.4bUS$14.6b15.7x25.5x1x
Wed, 16 Aug 2023US$384.3bUS$359.6bUS$15.0b15.5x25.7x1.1x
Fri, 14 Jul 2023US$406.0bUS$361.6bUS$15.1b17.9x27x1.1x
Sun, 11 Jun 2023US$373.2bUS$362.6bUS$15.1b16.9x24.7x1x
Tue, 09 May 2023US$346.5bUS$359.8bUS$15.1b16.5x22.9x1x
Price to Earnings Ratio

22.9x


Total Market Cap: US$346.5bTotal Earnings: US$15.1bTotal Revenue: US$359.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 32.8x202420252026
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 49.7x which is higher than its 3-year average PE of 32.8x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 3.6% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market0.59%
Tech-0.62%
Electronic Equipment and Components-0.77%
Electronic Manufacturing Services2.17%
Technology Distributors1.28%
Electronic Equipment and Instruments0.11%
Electronic Components-2.81%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 54.1x.
    • Analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings growth of 5.6% 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 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
SANM SanminaUS$223.2716.2%
+US$1.5b		178.3%PE46.1x
TTMI TTM TechnologiesUS$158.996.7%
+US$1.0b		535.2%PE84.6x
KEYS Keysight TechnologiesUS$352.411.6%
+US$934.7m		137.3%PE61.6x
LWLG Lightwave LogicUS$16.2728.5%
+US$572.1m		1,714.2%PS10900.7x
BHE Benchmark ElectronicsUS$84.5021.5%
+US$537.4m		142.4%PE88.6x

Latest News

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APH
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Avnet
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5.6%
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TTMI
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TTM Technologies
7D
19.0%
1Y
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BHE
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Benchmark Electronics
7D
21.4%
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2.6%
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99.5%
FN
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Fabrinet
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1Y
224.3%

FN: Buybacks And Higher Long Term Assumptions Will Support Future Upside Potential

Analysts have raised their price target on Fabrinet from $715 to $850, citing updated assumptions for revenue growth, profit margin, and future P/E that contribute to a higher assessed fair value under a slightly adjusted discount rate. What's in the News Fabrinet reported that from September 27, 2025 to December 26, 2025 it repurchased 12,439 shares, representing 0.03% of shares, for US$4.81 million under its existing buyback program (Key Developments).
BDC
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1Y
11.0%

BDC: AI Data Center Solutions And Buybacks Will Drive Future Upside

Analysts have slightly reduced their price target for Belden from $176.00 to $171.75, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Belden announced a partnership with OptiCool to offer integrated racks, power, connectivity and rear door heat exchanger cooling that can support up to 120 kW per rack for AI workloads in new and existing data centers (Key Developments).
TDY
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Teledyne Technologies
7D
-0.9%
1Y
38.5%
KEYS
US$349.91
Keysight Technologies
7D
1.0%
1Y
140.4%
SANM
US$217.82
Sanmina
7D
21.0%
1Y
177.4%
FLEX
US$91.55
Flex
7D
5.4%
1Y
159.0%

FLEX: AI Power Opportunities And Execution Risks Will Shape Future Margin Profile

Flex's updated analyst price target edges higher, with fair value rising by about $6 to $81, as analysts factor in slightly stronger revenue growth expectations, a modestly higher future P/E near 21x, and incremental margin upside related to its power business as an AI enabler. Analyst Commentary Recent Street research on Flex has centered on higher price targets, fresh coverage, and a focus on the power business as a potential AI beneficiary.
LASR
US$69.85
nLIGHT
7D
-5.9%
1Y
777.5%

LASR: Directed Energy Defense Shift And Vertical Integration Will Shape Balanced Outlook

The analyst price target for nLIGHT has been lifted by $2 to $75.50, as analysts highlight the company’s push toward becoming a pure play directed energy laser provider, recent Q4 strength in aerospace and defense revenue with positive cash flow, and what they describe as supportive market tailwinds and funding for its vertically integrated technology. Analyst Commentary Recent research commentary has been broadly constructive on nLIGHT, with multiple bullish analysts lifting price targets following Q4 results and the company’s decision to focus on directed energy lasers.
COHR
US$319.71
Coherent
7D
-5.3%
1Y
362.2%

COHR: AI Data Center Optics And Nvidia Deal Will Shape Future Risk Balance

Analysts have raised the average price target for Coherent from $284.25 to $313.50, citing stronger expectations around AI infrastructure demand, co-packaged optics opportunities, and the company’s hybrid manufacturing model. Analyst Commentary Recent research on Coherent reflects a strongly constructive stance from several large firms, with a cluster of higher price targets and fresh coverage tied to AI infrastructure and optical networking themes.
SNX
US$228.18
TD SYNNEX
7D
2.4%
1Y
104.0%

AI Data Center Dependence Will Weaken Margins As Hyperscale Demand Normalizes

Catalysts About TD SYNNEX TD SYNNEX distributes technology products and services and provides design, manufacturing and supply chain solutions for large cloud and data center customers. What are the underlying business or industry changes driving this perspective?
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TE Connectivity
7D
-2.8%
1Y
44.6%