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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies183
  • 7D0.7%
  • 3M8.3%
  • 1Y51.5%
  • YTD7.2%

Last week, the Electronic Equipment and Components industry hasn't moved much but Corning is up 9.2% in that time. As for the the longer term, the industry is up 54% over the past 12 months. Looking forward, earnings are forecast to grow by 21% 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, 30 Jan 2026US$694.3bUS$401.1bUS$16.8b27.6x41.4x1.7x
Sun, 28 Dec 2025US$673.0bUS$397.3bUS$16.2b24.8x41.5x1.7x
Tue, 25 Nov 2025US$615.2bUS$395.9bUS$16.0b24x38.4x1.6x
Thu, 23 Oct 2025US$639.7bUS$388.4bUS$13.7b25.8x46.6x1.6x
Sat, 20 Sep 2025US$628.3bUS$386.6bUS$13.5b24.3x46.5x1.6x
Mon, 18 Aug 2025US$573.7bUS$386.2bUS$13.7b22.7x42x1.5x
Wed, 16 Jul 2025US$545.1bUS$377.6bUS$13.6b24.1x40x1.4x
Fri, 13 Jun 2025US$501.5bUS$375.7bUS$13.4b22.2x37.5x1.3x
Sun, 11 May 2025US$454.2bUS$375.4bUS$13.3b20.8x34x1.2x
Tue, 08 Apr 2025US$365.7bUS$371.4bUS$13.9b18.6x26.3x1x
Thu, 06 Mar 2025US$432.7bUS$371.1bUS$14.7b21.2x29.4x1.2x
Sat, 01 Feb 2025US$482.0bUS$370.8bUS$14.8b25.4x32.6x1.3x
Mon, 30 Dec 2024US$465.9bUS$368.2bUS$15.5b25.6x30.1x1.3x
Wed, 27 Nov 2024US$480.1bUS$369.5bUS$15.5b25.4x30.9x1.3x
Fri, 25 Oct 2024US$458.7bUS$324.0bUS$16.0b23.7x28.6x1.4x
Sun, 22 Sep 2024US$444.5bUS$323.9bUS$15.8b23.1x28.2x1.4x
Tue, 20 Aug 2024US$431.4bUS$324.2bUS$15.8b22.1x27.3x1.3x
Thu, 18 Jul 2024US$465.3bUS$329.1bUS$15.0b22.5x30.9x1.4x
Sat, 15 Jun 2024US$437.8bUS$331.2bUS$15.2b21x28.8x1.3x
Mon, 13 May 2024US$423.5bUS$331.4bUS$15.4b20.8x27.4x1.3x
Wed, 10 Apr 2024US$419.1bUS$338.7bUS$15.7b18.9x26.7x1.2x
Fri, 08 Mar 2024US$420.3bUS$341.3bUS$15.0b19.8x28.1x1.2x
Sun, 04 Feb 2024US$405.4bUS$349.3bUS$15.0b20x27.1x1.2x
Tue, 02 Jan 2024US$407.2bUS$352.2bUS$13.7b20.9x29.7x1.2x
Thu, 30 Nov 2023US$368.4bUS$353.4bUS$13.8b17.1x26.7x1x
Sat, 28 Oct 2023US$339.6bUS$357.6bUS$14.4b16.4x23.6x0.9x
Mon, 25 Sep 2023US$365.6bUS$360.4bUS$14.6b15.8x25x1x
Wed, 23 Aug 2023US$376.0bUS$360.3bUS$14.6b16.6x25.8x1x
Fri, 21 Jul 2023US$395.8bUS$361.5bUS$15.1b16.8x26.2x1.1x
Sun, 18 Jun 2023US$390.1bUS$362.8bUS$15.1b16.3x25.8x1.1x
Tue, 16 May 2023US$351.1bUS$362.4bUS$15.1b16.6x23.3x1x
Thu, 13 Apr 2023US$362.2bUS$361.4bUS$16.1b16.7x22.4x1x
Sat, 11 Mar 2023US$356.2bUS$359.3bUS$15.9b16.7x22.3x1x
Mon, 06 Feb 2023US$389.0bUS$358.1bUS$16.2b17.6x24x1.1x
Price to Earnings Ratio

24x


Total Market Cap: US$389.0bTotal Earnings: US$16.2bTotal Revenue: US$358.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 30.6x202420252026
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 43.4x which is higher than its 3-year average PE of 30.6x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.8x.
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 3.8% 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 Market0.25%
Tech0.98%
Electronic Equipment and Components0.67%
Technology Distributors3.32%
Electronic Components2.14%
Electronic Manufacturing Services-0.68%
Electronic Equipment and Instruments-1.80%
Industry PE
  • Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 45.3x.
    • Analysts are expecting annual earnings growth of 22.5%, which is lower than the prior year's growth of 28.1% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 15.9x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 22% 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 14% 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$103.009.2%
+US$2.4b		106.0%PE52.1x
COHR CoherentUS$215.866.5%
+US$2.2b		140.7%PE311.6x
AVT AvnetUS$62.7422.5%
+US$938.5m		22.0%PE24.6x
FN FabrinetUS$496.265.5%
+US$926.8m		133.2%PE50.6x
KEYS Keysight TechnologiesUS$221.172.5%
+US$870.2m		29.7%PE43.7x

Latest News

AVT
US$62.74
Avnet
7D
22.5%
1Y
22.0%

Earnings Tell The Story For Avnet, Inc. (NASDAQ:AVT) As Its Stock Soars 28%

Jan 30
Earnings Tell The Story For Avnet, Inc. (NASDAQ:AVT) As Its Stock Soars 28%
GLW
US$103.00
Corning
7D
9.2%
1Y
106.0%
LFUS
US$326.50
Littelfuse
7D
8.7%
1Y
34.3%
BMI
US$144.42
Badger Meter
7D
-16.1%
1Y
-30.8%
SNX
US$161.76
TD SYNNEX
7D
6.2%
1Y
14.0%
APH
US$149.58
Amphenol
7D
-1.9%
1Y
108.7%
COHR
US$215.86
Coherent
7D
6.5%
1Y
140.7%
SANM
US$154.43
Sanmina
7D
-14.0%
1Y
83.4%
KEYS
US$221.17
Keysight Technologies
7D
2.5%
1Y
29.7%

KEYS: Future Returns Will Depend On AI Infrastructure And Cycle Stabilization

Analysts have nudged their Keysight Technologies fair value estimate slightly higher to about $220.00, citing refreshed targets that reflect stronger recent EPS and margin trends, improving wireless and defense demand, and growing optimism around artificial intelligence infrastructure and acquisition synergies. Analyst Commentary Recent Street research on Keysight Technologies clusters around a broadly constructive view on earnings power, margin resilience, and exposure to artificial intelligence infrastructure, with some caution on how much of this is already reflected in valuation and execution expectations.
CDW
US$125.20
CDW
7D
-3.2%
1Y
-36.7%

CDW: Software And Services Mix Will Support Earnings Power After Reset

Narrative Update Analysts have trimmed their price targets on CDW, with our updated fair value estimate moving from about $234 to about $221. This reflects softer expected revenue growth, a higher discount rate, and revised P/E assumptions following recent target cuts and a downgrade.
MIR
US$25.29
Mirion Technologies
7D
-5.2%
1Y
59.7%

MIR: Reaffirmed 2025 Outlook And Completed Buybacks Will Support Future Upside

Analysts have slightly reduced their price target for Mirion Technologies to reflect modestly lower fair value and profit margin assumptions, while largely maintaining their core outlook on revenue growth and future P/E expectations. What's in the News Mirion Technologies reaffirmed full year 2025 revenue growth guidance of about 7.0% to 9.0%, with an organic revenue growth range of about 4.5% to 6.0%.
TEL
US$226.27
TE Connectivity
7D
-2.2%
1Y
51.0%

TEL: Share Repurchases And 2026 EPS Guidance Will Support Future Upside

Analysts have nudged their price target on TE Connectivity higher to about US$274 from roughly US$272, citing updated assumptions that reflect slightly different views on the discount rate, revenue growth, profit margin, and future P/E. What's in the News TE Connectivity issued earnings guidance for the first quarter of fiscal 2026, with expected sales of about US$4.5b and GAAP EPS from continuing operations of roughly US$2.33.
ARW
US$132.91
Arrow Electronics
7D
12.2%
1Y
13.6%

ARW: Richer P/E And Modest Margins Will Limit Future Upside

Analysts are keeping their price target for Arrow Electronics unchanged at US$94.00. They cite only small refinements to assumptions around discount rate, revenue growth, profit margin, and future P/E that do not materially alter their view of fair value.
ZBRA
US$237.96
Zebra Technologies
7D
-3.6%
1Y
-39.7%

ZBRA: Industrial Automation Tailwinds Will Support Post 2025 Margin Recovery

Narrative Update Analysts have modestly trimmed their blended price target on Zebra Technologies to about US$339 from roughly US$358, reflecting slightly lower fair value and P/E assumptions, even as they cite mixed signals around growth and margins following recent research updates from firms covering industrial technology and automation end markets. Analyst Commentary Recent research paints a mixed picture on Zebra Technologies, with some analysts lifting targets while others trim expectations following Q3 results and Q4 guidance.
FN
US$496.26
Fabrinet
7D
5.5%
1Y
133.2%

FN: Higher Margins And Buybacks Will Support Stronger Future Upside

Analysts have lifted their price target on Fabrinet from US$375.00 to US$600.00, citing updated assumptions around higher revenue growth, slightly higher discount rates, stronger profit margins, and a richer future P/E multiple. What's in the News Fabrinet updated its earnings guidance for the second fiscal quarter ending December 26, 2025, with expected revenue in the range of US$1.05b to US$1.10b (Key Developments).
CGNX
US$39.09
Cognex
7D
-6.3%
1Y
-1.6%

CGNX: Cost Cuts And Automation Exposure Will Drive Future Share Upside

Analysts have trimmed their average price target for Cognex by about $2 to roughly $54, reflecting updated views on fair value, discount rate, growth, margins and future P/E after recent sector wide adjustments to industrial technology outlooks. Analyst Commentary Recent Street commentary around Cognex centers on small adjustments to fair value assumptions while keeping a generally constructive view on the company and its exposure to industrial technology end markets.