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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies185
  • 7D1.8%
  • 3M21.8%
  • 1Y97.6%
  • YTD39.6%

Over the last 7 days, the Electronic Equipment and Components industry has risen 1.8%, driven by gains from Amphenol of 11%. In the same time, Corning was down 8.9%. This takes the industry's 12 month performance to a gain of 98%. 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
Wed, 03 Jun 2026US$923.7bUS$427.9bUS$17.3b33.7x53.4x2.2x
Fri, 01 May 2026US$834.0bUS$419.7bUS$16.8b28.2x49.7x2x
Sun, 29 Mar 2026US$709.3bUS$408.4bUS$15.3b28.8x46.4x1.7x
Tue, 24 Feb 2026US$773.1bUS$404.8bUS$15.0b27.3x51.4x1.9x
Thu, 22 Jan 2026US$687.9bUS$396.2bUS$16.3b28.1x42.2x1.7x
Sat, 20 Dec 2025US$647.8bUS$397.3bUS$16.2b24.9x40x1.6x
Mon, 17 Nov 2025US$635.6bUS$395.9bUS$16.0b23.7x39.7x1.6x
Wed, 15 Oct 2025US$623.1bUS$388.4bUS$13.7b25.4x45.4x1.6x
Fri, 12 Sep 2025US$608.2bUS$386.6bUS$13.5b24.2x45x1.6x
Sun, 10 Aug 2025US$579.2bUS$386.1bUS$13.7b23.8x42.4x1.5x
Tue, 08 Jul 2025US$544.3bUS$377.6bUS$13.6b24.2x40x1.4x
Thu, 05 Jun 2025US$492.5bUS$375.7bUS$13.4b21.6x36.8x1.3x
Sat, 03 May 2025US$433.9bUS$373.7bUS$13.5b20.2x32.1x1.2x
Mon, 31 Mar 2025US$422.9bUS$371.3bUS$13.9b20.5x30.4x1.1x
Wed, 26 Feb 2025US$462.5bUS$370.9bUS$14.8b22.5x31.2x1.2x
Fri, 24 Jan 2025US$506.7bUS$370.7bUS$14.4b26.8x35.2x1.4x
Sun, 22 Dec 2024US$463.8bUS$368.2bUS$15.5b25.7x29.9x1.3x
Tue, 19 Nov 2024US$458.3bUS$369.6bUS$15.8b23.5x28.9x1.2x
Thu, 17 Oct 2024US$455.0bUS$323.1bUS$15.9b23.9x28.7x1.4x
Sat, 14 Sep 2024US$424.0bUS$323.9bUS$15.8b22.2x26.9x1.3x
Mon, 12 Aug 2024US$409.8bUS$324.3bUS$15.6b21x26.3x1.3x
Wed, 10 Jul 2024US$434.8bUS$329.2bUS$15.1b21.2x28.8x1.3x
Fri, 07 Jun 2024US$433.3bUS$331.3bUS$15.2b21.5x28.4x1.3x
Sun, 05 May 2024US$412.5bUS$331.7bUS$15.4b19.6x26.8x1.2x
Tue, 02 Apr 2024US$423.1bUS$338.7bUS$15.7b18.9x27x1.2x
Thu, 29 Feb 2024US$408.7bUS$341.2bUS$14.9b18.8x27.4x1.2x
Sat, 27 Jan 2024US$400.8bUS$350.4bUS$15.2b19.8x26.4x1.1x
Mon, 25 Dec 2023US$406.9bUS$352.2bUS$13.7b21.2x29.6x1.2x
Wed, 22 Nov 2023US$369.5bUS$353.7bUS$13.9b18.4x26.6x1x
Fri, 20 Oct 2023US$350.7bUS$358.4bUS$14.4b16.8x24.3x1x
Sun, 17 Sep 2023US$372.3bUS$360.4bUS$14.6b15.7x25.5x1x
Tue, 15 Aug 2023US$388.6bUS$359.6bUS$15.0b15.5x26x1.1x
Thu, 13 Jul 2023US$403.4bUS$361.6bUS$15.1b17.6x26.8x1.1x
Sat, 10 Jun 2023US$373.2bUS$362.6bUS$15.1b16.9x24.7x1x
Price to Earnings Ratio

24.7x


Total Market Cap: US$373.2bTotal Earnings: US$15.1bTotal Revenue: US$362.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 33.6x202420252026
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 53.4x which is higher than its 3-year average PE of 33.6x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 4.7% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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 Market1.58%
Tech4.73%
Electronic Equipment and Components1.82%
Technology Distributors6.61%
Electronic Manufacturing Services3.15%
Electronic Components1.58%
Electronic Equipment and Instruments-1.04%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 55.2x.
    • Analysts are expecting annual earnings growth of 25.0%, which is higher than its past year's earnings growth of 7.5% 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 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 30% 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 18% 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
APH AmphenolUS$148.406.3%
+US$10.9b		61.9%PE40.9x
COHR CoherentUS$426.8911.9%
+US$8.9b		430.3%PE208.5x
FLEX FlexUS$159.4311.3%
+US$5.9b		268.9%PE66.4x
CDW CDWUS$139.7228.7%
+US$4.0b		-22.1%PE16.6x
GLW CorningUS$200.402.2%
+US$3.6b		294.6%PE95.3x

Latest News

GLW
US$200.40
Corning
7D
2.2%
1Y
294.6%
SNX
US$279.33
TD SYNNEX
7D
16.4%
1Y
127.2%
TTMI
US$179.62
TTM Technologies
7D
-8.8%
1Y
454.6%
Seeking Alpha • 20h

TTM Technologies: Negative On Valuation, Positive On Fundamentals

Summary TTM Technologies has surged 146% YTD, driven by robust demand in Aerospace and Defense and data center markets. I rate TTMI a Hold due to its stretched 29x EV/EBITDA valuation versus peers, despite strong growth and backlog. Q2 guidance implies 27-33% revenue growth and a step-up in incremental EBITDA margins, but sustainability is uncertain given ASP-driven gains. I await improved incremental margins and volume growth, especially from the new Syracuse facility, before considering a more positive stance. Read the full article on Seeking Alpha
CDW
US$139.72
CDW
7D
28.7%
1Y
-22.1%
KEYS
US$346.57
Keysight Technologies
7D
-2.6%
1Y
115.5%
Narrative Update • Jun 01

KEYS: Future Returns Will Reflect AI Infrastructure And Wireline Order Momentum

Keysight Technologies' analyst fair value estimate has been raised from $323.00 to about $383.08 as analysts factor in recent price target hikes tied to Q2 order momentum, revenue acceleration, AI related demand and higher margin expectations. Analyst Commentary Recent Street research has been broadly constructive on Keysight Technologies, with multiple firms lifting price targets after fiscal Q2 results and updating models around order trends, revenue expectations and margins tied to AI and communications demand.
FLEX
US$159.43
Flex
7D
11.3%
1Y
268.9%
Narrative Update • Jun 01

FLEX: Spin Off Execution Risk Will Test AI Power Optimism

The analyst price target for Flex has shifted from $70.00 to $100.83, with analysts pointing to the planned spin off of the Cloud & Power Infrastructure segment, expectations for a higher growth power and compute business alongside a steady EMS core, and updated views on revenue growth, profit margins and future P/E as key drivers of the new valuation framework. Analyst Commentary Recent research on Flex highlights a split view.
LASR
US$76.36
nLIGHT
7D
-6.4%
1Y
366.7%
Narrative Update • Jun 01

LASR: Directed Energy Defense Programs Will Drive Vertically Integrated Backlog Expansion

Analysts have lifted the price target on nLIGHT to $86.43 from $85, citing ongoing confidence in the company’s directed energy focus and vertically integrated laser platform as key supports for their updated view. Analyst Commentary Recent research points to a generally constructive tone on nLIGHT, with several firms adjusting price targets higher and highlighting the company’s focus on directed energy and vertical integration as key parts of their thesis.
APH
US$148.40
Amphenol
7D
6.3%
1Y
61.9%
Narrative Update • Jun 01

APH: Hybrid Optics Roadmap And Mixed List Actions Will Shape Near Term Returns

Analysts have adjusted the price target on Amphenol to $146.29 from $135.68, reflecting updated views on fair value, a slightly higher discount rate, and revised assumptions for revenue growth, profit margin, and future P/E multiples following recent mixed research actions across the Street. Analyst Commentary Recent Street research on Amphenol has been mixed, with several higher price targets offset by more cautious moves and list removals.
TDY
US$618.81
Teledyne Technologies
7D
-1.5%
1Y
24.1%
TEL
US$214.73
TE Connectivity
7D
2.9%
1Y
32.6%
Narrative Update • May 30

TEL: Share Repurchases Will Support Upside As 2026 Outlook Strengthens

Analysts have reduced their price target on TE Connectivity from $272.00 to about $263.32, reflecting updated assumptions that include slightly lower revenue growth, a modestly higher discount rate, a somewhat stronger profit margin, and a lower future P/E multiple. What's in the News Issued earnings guidance for the third quarter ending June 26, 2026, with expected sales of approximately US$5b and GAAP diluted EPS from continuing operations of about US$2.44, which the company describes as 10% and 14% higher year over year respectively (company guidance).
COHR
US$426.89
Coherent
7D
11.9%
1Y
430.3%
CGNX
US$66.08
Cognex
7D
-3.3%
1Y
116.4%
VSH
US$62.49
Vishay Intertechnology
7D
24.1%
1Y
322.8%
JBL
US$373.16
Jabil
7D
-1.9%
1Y
115.7%
Narrative Update • May 25

JBL: AI Data Center Alliances Will Mask Earnings Risk And Overvaluation

Analysts have raised their $ fair value estimate for Jabil from about $302.78 to roughly $316.33, reflecting updated assumptions around slightly higher revenue growth, a modestly different discount rate, a stable profit margin profile and a slightly higher future P/E multiple. What's in the News Jabil issued earnings guidance for the third quarter of fiscal 2026, projecting net revenue between US$8.1b and US$8.9b, U.S. GAAP operating income between US$398 million and US$458 million, and U.S. GAAP diluted EPS between US$2.36 and US$2.76 per share (company guidance).
CXT
US$36.46
Crane NXT
7D
-10.6%
1Y
-32.5%
Narrative Update • May 20

CXT: New US$10 Bill Launch Will Support Future Upside Potential

Analysts have reduced the Crane NXT fair value estimate from $62.00 to $50.00, reflecting lower assumed profit margins, a higher discount rate, and a more conservative valuation multiple. They continue to highlight the stock's compressed valuation and the potential catalyst from the new $10 bill release.
AEIS
US$312.28
Advanced Energy Industries
7D
-8.1%
1Y
162.9%
Seeking Alpha • May 17

Advanced Energy Industries: In An AI Gold Rush, Sell Picks And Shovels

Summary Advanced Energy Industries benefits from AI-driven demand in semiconductors and data center infrastructure, fueling significant revenue growth. AEIS revenue rose 21% YoY to $1.8B, with data center revenue up 106% YoY, though data center margins remain thinner than semiconductor margins. Management is targeting EBITDA margins of 18–22% through cost reductions, geographic diversification, and operational streamlining, after reporting 13% EBITDA. I rate AEIS as a hold given its stretched valuation, recent price surge, and analyst price targets below current levels. Read the full article on Seeking Alpha