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U.S. Electronic Equipment and Components Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies182
  • 7D-5.2%
  • 3M17.5%
  • 1Y100.9%
  • YTD25.4%

The Electronic Equipment and Components industry is down 1.5% over the last week with TE Connectivity the worst performer, down 16%. On the other hand Sanmina is actually up 24%. In the past year, the industry has gained 110%. 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
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
Thu, 08 Jun 2023US$368.6bUS$362.6bUS$15.1b16.5x24.4x1x
Sat, 06 May 2023US$347.2bUS$359.8bUS$15.1b16.6x23x1x
Price to Earnings Ratio

23x


Total Market Cap: US$347.2bTotal 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 32.7x202420252026
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 53.9x which is higher than its 3-year average PE of 32.7x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-0.028%
Tech0.32%
Electronic Equipment and Components-5.22%
Technology Distributors-0.70%
Electronic Equipment and Instruments-2.60%
Electronic Manufacturing Services-5.11%
Electronic Components-6.98%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 54.0x.
    • Analysts are expecting annual earnings growth of 22.0%, 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 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 35% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 13% 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$215.4623.8%
+US$2.0b		172.7%PE44.5x
TTMI TTM TechnologiesUS$137.599.9%
+US$1.3b		573.8%PE80.5x
FLEX FlexUS$87.162.4%
+US$742.7m		149.9%PE37.6x
SNX TD SYNNEXUS$223.353.8%
+US$656.0m		101.1%PE18.3x
ARW Arrow ElectronicsUS$184.023.3%
+US$301.9m		65.2%PE16.5x

Latest News

SANM
US$215.46
Sanmina
7D
23.8%
1Y
172.7%
KEYS
US$332.30
Keysight Technologies
7D
-2.1%
1Y
129.9%
GLW
US$153.05
Corning
7D
-7.5%
1Y
244.2%
APH
US$143.72
Amphenol
7D
-5.4%
1Y
87.4%

Amphenol (APH): The Connectivity Engine of the AI Era Prepares for a Watershed Q1 Reveal

Amphenol (APH) , the global architect of the essential interconnect, sensor, and antenna systems that power the digital and industrial worlds, enters the weekend of Sunday, April 26, 2026 , in a state of formidable momentum. The company is set to release its Q1 2026 earnings report on Wednesday, April 29, 2026, before the market opens.
TTMI
US$137.59
TTM Technologies
7D
9.9%
1Y
573.8%

TTM Technologies: The AI Bottleneck Story Is Fully Valued, Earnings Preview (Rating Downgrade)

Apr 26
COHR
US$303.97
Coherent
7D
-11.6%
1Y
368.8%

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$223.35
TD SYNNEX
7D
3.8%
1Y
101.1%

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?
ARW
US$184.02
Arrow Electronics
7D
3.3%
1Y
65.2%

Arrow: Moving In The Right Direction

Apr 24
CDW
US$132.92
CDW
7D
-6.7%
1Y
-17.2%
ROG
US$129.42
Rogers
7D
4.8%
1Y
117.8%

ROG: Ongoing Buybacks And Stable Margins Will Support Balanced Future Returns

Analysts now set a refreshed price target of $124.33 for Rogers, with the update framed by only slight adjustments to the discount rate, revenue growth, profit margin, and expected future P/E assumptions. What's in the News Rogers reported that from October 1, 2025 to December 31, 2025, it repurchased 174,276 shares, representing 0.97% of shares, for $14.3 million under its ongoing share buyback program (Key Developments).
AVT
US$78.28
Avnet
7D
4.0%
1Y
52.8%

AVT: Higher Earnings Multiple Will Limit Upside As Buybacks Conclude

Analysts have lifted their fair value estimate for Avnet to $66 from $53, citing updated assumptions for revenue growth, profit margins, and a slightly higher future P/E multiple reflected across recent price target increases from major firms. Analyst Commentary Recent Street research on Avnet centers on refreshed price targets and an upgrade, with analysts updating their models to reflect revised assumptions on revenue, margins, and valuation multiples.
TEL
US$204.30
TE Connectivity
7D
-16.0%
1Y
40.7%
FN
US$637.74
Fabrinet
7D
-8.3%
1Y
207.3%
BHE
US$68.81
Benchmark Electronics
7D
4.0%
1Y
79.8%

BHE: Buybacks And 2026 Earnings Guidance Will Anchor Forward Expectations

Narrative Update on Benchmark Electronics Analysts have lifted their price targets on Benchmark Electronics by $5, $6, and $7 in recent reports, pointing to updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as key supports for the new valuation range. Analyst Commentary Recent research reports converged around higher price targets, with bullish analysts citing updated assumptions on discount rates, revenue trajectories, margins, and terminal P/E levels as key inputs.
ZBRA
US$219.24
Zebra Technologies
7D
-7.4%
1Y
-14.4%

ZBRA: 2026 Automation Refocus And Buybacks Will Reset Risk Reward

The analyst price target for Zebra Technologies has been reduced by $18. Analysts attribute the change to updated assumptions around discount rates, future P/E multiples and Street research that includes both upward and downward revisions following recent quarterly updates.
FLEX
US$87.16
Flex
7D
2.4%
1Y
149.9%