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U.S. Electronic Equipment and Components Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies183
  • 7D-3.9%
  • 3M11.5%
  • 1Y77.0%
  • YTD8.3%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 3.9%, driven by Coherent declining 13%. This takes the industry's 12 month performance to a gain of 77%. 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
Thu, 02 Apr 2026US$682.0bUS$411.1bUS$15.4b28.4x44.2x1.7x
Sat, 28 Feb 2026US$789.8bUS$405.2bUS$15.2b27.2x52x1.9x
Mon, 26 Jan 2026US$687.8bUS$396.2bUS$16.3b26.9x42.1x1.7x
Wed, 24 Dec 2025US$668.5bUS$397.3bUS$16.2b24.9x41.2x1.7x
Fri, 21 Nov 2025US$629.8bUS$395.9bUS$16.0b22.6x39.4x1.6x
Sun, 19 Oct 2025US$632.3bUS$388.4bUS$13.7b26.2x46.1x1.6x
Tue, 16 Sep 2025US$611.7bUS$386.6bUS$13.5b24.3x45.3x1.6x
Thu, 14 Aug 2025US$589.8bUS$386.0bUS$13.6b24.2x43.3x1.5x
Sat, 12 Jul 2025US$540.9bUS$377.6bUS$13.6b24.6x39.7x1.4x
Mon, 09 Jun 2025US$497.3bUS$375.7bUS$13.4b22x37.2x1.3x
Wed, 07 May 2025US$443.8bUS$373.8bUS$13.5b20x32.9x1.2x
Fri, 04 Apr 2025US$429.2bUS$371.4bUS$13.9b19.2x30.8x1.2x
Sun, 02 Mar 2025US$455.9bUS$370.8bUS$14.8b22.3x30.8x1.2x
Tue, 28 Jan 2025US$505.3bUS$370.7bUS$14.4b25.5x35.1x1.4x
Thu, 26 Dec 2024US$470.0bUS$368.2bUS$15.5b25.8x30.3x1.3x
Sat, 23 Nov 2024US$473.3bUS$369.5bUS$15.5b24.5x30.5x1.3x
Mon, 21 Oct 2024US$459.2bUS$323.1bUS$15.9b23.9x28.9x1.4x
Wed, 18 Sep 2024US$429.4bUS$323.9bUS$15.8b22.7x27.2x1.3x
Fri, 16 Aug 2024US$418.6bUS$324.2bUS$15.7b21.8x26.7x1.3x
Sun, 14 Jul 2024US$450.9bUS$329.1bUS$15.0b22.2x30x1.4x
Tue, 11 Jun 2024US$430.4bUS$331.2bUS$15.2b21.1x28.3x1.3x
Thu, 09 May 2024US$419.7bUS$331.3bUS$15.3b20.4x27.5x1.3x
Sat, 06 Apr 2024US$416.8bUS$338.6bUS$15.7b18.6x26.5x1.2x
Mon, 04 Mar 2024US$418.0bUS$341.3bUS$15.0b19.2x27.9x1.2x
Wed, 31 Jan 2024US$402.5bUS$349.9bUS$15.2b19.5x26.5x1.2x
Fri, 29 Dec 2023US$410.0bUS$352.2bUS$13.7b21.1x30x1.2x
Sun, 26 Nov 2023US$370.5bUS$353.4bUS$13.8b18x26.8x1x
Tue, 24 Oct 2023US$342.9bUS$358.4bUS$14.4b16.7x23.8x1x
Thu, 21 Sep 2023US$370.6bUS$360.4bUS$14.6b16.1x25.4x1x
Sat, 19 Aug 2023US$376.3bUS$360.3bUS$14.6b16.6x25.8x1x
Mon, 17 Jul 2023US$397.8bUS$361.5bUS$15.1b16.3x26.4x1.1x
Wed, 14 Jun 2023US$382.9bUS$362.6bUS$15.1b15.6x25.4x1.1x
Fri, 12 May 2023US$346.1bUS$361.1bUS$15.0b16.3x23.1x1x
Sun, 09 Apr 2023US$357.5bUS$361.4bUS$16.1b16.5x22.2x1x
Price to Earnings Ratio

22.2x


Total Market Cap: US$357.5bTotal Earnings: US$16.1bTotal Revenue: US$361.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 32x202420252026
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 44.2x which is higher than its 3-year average PE of 32.0x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
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 4.4% 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-0.61%
Tech-2.04%
Electronic Equipment and Components-3.94%
Technology Distributors0.79%
Electronic Components-4.11%
Electronic Manufacturing Services-4.15%
Electronic Equipment and Instruments-4.92%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 52.6x.
    • Analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings growth of 8.0% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading below its 3-year average of 16.2x.
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 55% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 12% 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
SNX TD SYNNEXUS$186.2913.8%
+US$1.7b		74.5%PE15.2x
TEL TE ConnectivityUS$211.670.8%
+US$484.2m		48.8%PE30.1x
INGM Ingram Micro HoldingUS$24.256.4%
+US$260.1m		32.7%PE17.1x
NSIT Insight EnterprisesUS$67.233.6%
+US$71.9m		-54.5%PE13.2x
AVT AvnetUS$62.911.0%
+US$53.2m		30.3%PE24.8x

Latest News

TEL
US$211.67
TE Connectivity
7D
0.8%
1Y
48.8%
INGM
US$24.25
Ingram Micro Holding
7D
6.4%
1Y
32.7%
SNX
US$186.29
TD SYNNEX
7D
13.8%
1Y
74.5%
NSIT
US$67.23
Insight Enterprises
7D
3.6%
1Y
-54.5%

NSIT: 2026 Leadership Shift And Payments Partnership Will Shape Margin Upside

Analysts have reduced their price target on Insight Enterprises by $10 to reflect updated assumptions on growth, margins, discount rate, and a higher future P/E, while still keeping the stock on some best ideas lists for 2026. Analyst Commentary Recent research on Insight Enterprises highlights a mix of recognition and restraint.
FLEX
US$68.24
Flex
7D
-2.5%
1Y
100.3%

FLEX: AI Power Business Will Drive Future Margin Upside Repricing

Flex's updated fair value estimate has edged slightly lower to about $75.44. This reflects modest tweaks to discount rate, growth, and margin assumptions, as analysts highlight the company's AI oriented power business and potential margin upside while maintaining a $70 Street price target.
LASR
US$58.30
nLIGHT
7D
-18.7%
1Y
621.5%

LASR: Directed Energy Defense Focus And Vertical Integration Will Drive Future Returns

Narrative Update The analyst price target for nLIGHT has shifted meaningfully higher, with analysts pointing to market tailwinds in directed energy, vertical integration across the laser stack, and recent steps toward becoming a pure play, defense-focused laser provider as key drivers of their updated views. Analyst Commentary Recent Street research on nLIGHT has tilted clearly bullish, with multiple firms lifting price targets and initiating with positive ratings tied to the company’s focus on directed energy, its vertical integration, and progress toward a pure play defense profile.
CNXN
US$59.98
PC Connection
7D
2.7%
1Y
-6.2%
TTMI
US$97.08
TTM Technologies
7D
-10.1%
1Y
360.5%
GLW
US$142.38
Corning
7D
-2.7%
1Y
205.9%
AVT
US$62.91
Avnet
7D
1.0%
1Y
30.3%

AVT: Higher Revenue And Margin Assumptions Will Support Richer Future P/E

Analysts have raised Avnet's price target by $5. They cite updated assumptions that include slightly higher revenue growth, modestly stronger profit margins, and a small adjustment to the discount rate and future P/E multiple.
COHR
US$247.80
Coherent
7D
-8.9%
1Y
266.9%

COHR: Nvidia Optics Partnership And AI Demand Will Shape Future Risk Balance

Analysts have raised the fair value estimate for Coherent by about $11 to $284.25, citing higher assumed revenue growth, a richer future P/E multiple tied to expectations for stronger AI-driven optical demand, and recent price target increases across major research desks. Analyst Commentary Recent Street research around Coherent clusters around a stronger AI infrastructure story, larger optical market assumptions, and a series of higher price targets that feed directly into richer valuation frameworks.
JBL
US$271.96
Jabil
7D
-4.0%
1Y
96.0%

JBL: Alliances And Buybacks Will Shape A Balanced Medium Term Outlook

Analysts now estimate Jabil's fair value at $293.11, up from the previous $264.50. This reflects updated assumptions regarding the discount rate, revenue growth, profit margin and future P/E.
FN
US$534.98
Fabrinet
7D
-12.6%
1Y
165.0%
ARW
US$146.63
Arrow Electronics
7D
0.3%
1Y
39.4%
NOVT
US$118.37
Novanta
7D
0.6%
1Y
-8.0%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their price target on Novanta to $150 from $138, citing updated Q4 models that suggest the company may be positioned for faster sales growth and margin expansion. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target to $150 as a sign that updated Q4 assumptions support a higher valuation range for the shares.
APH
US$127.70
Amphenol
7D
-0.8%
1Y
88.1%

APH: AI Data Center Content And CCS Acquisition Will Support Future Margins

Analysts now set a slightly adjusted price target for Amphenol, with modest tweaks to the discount rate and long-term P/E assumptions, at around $165. This target is supported by recent research citing AI data center content, the CommScope Connectivity and Cable Solutions acquisition, and clearer visibility on the copper versus optics roadmap as key drivers in their updated views.