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U.S. Electronic Equipment and Components Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies183
  • 7D-1.1%
  • 3M18.7%
  • 1Y98.4%
  • YTD29.1%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.1%, driven by declines in Corning and Amphenol of 5.8% and 4.3%, respectively. In the past year, the industry has gained 98%. As for the next few years, earnings are expected to grow by 23% 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
Mon, 04 May 2026US$854.5bUS$421.5bUS$16.8b28.5x50.8x2x
Wed, 01 Apr 2026US$682.0bUS$411.1bUS$15.4b28.4x44.2x1.7x
Fri, 27 Feb 2026US$813.1bUS$405.2bUS$15.1b27.6x53.7x2x
Sun, 25 Jan 2026US$687.8bUS$396.2bUS$16.3b26.9x42.1x1.7x
Tue, 23 Dec 2025US$664.0bUS$397.3bUS$16.2b24.7x41x1.7x
Thu, 20 Nov 2025US$622.0bUS$395.9bUS$16.0b23.8x38.9x1.6x
Sat, 18 Oct 2025US$639.3bUS$388.4bUS$13.7b26.2x46.6x1.6x
Mon, 15 Sep 2025US$611.8bUS$386.6bUS$13.5b24.1x45.3x1.6x
Wed, 13 Aug 2025US$575.5bUS$386.2bUS$13.7b24x42.1x1.5x
Fri, 11 Jul 2025US$540.9bUS$377.6bUS$13.6b24.6x39.7x1.4x
Sun, 08 Jun 2025US$497.3bUS$375.7bUS$13.4b22x37.2x1.3x
Tue, 06 May 2025US$445.8bUS$373.7bUS$13.5b20.2x33x1.2x
Thu, 03 Apr 2025US$420.8bUS$371.3bUS$13.9b21x30.2x1.1x
Sat, 01 Mar 2025US$450.1bUS$370.8bUS$14.8b22.3x30.4x1.2x
Mon, 27 Jan 2025US$505.5bUS$370.7bUS$14.4b26.4x35.1x1.4x
Wed, 25 Dec 2024US$470.0bUS$368.2bUS$15.5b25.8x30.3x1.3x
Fri, 22 Nov 2024US$464.1bUS$369.5bUS$15.5b24x29.9x1.3x
Sun, 20 Oct 2024US$459.2bUS$323.1bUS$15.9b23.9x28.9x1.4x
Tue, 17 Sep 2024US$428.5bUS$323.9bUS$15.8b22.6x27.2x1.3x
Thu, 15 Aug 2024US$419.9bUS$324.2bUS$15.7b21.8x26.7x1.3x
Sat, 13 Jul 2024US$446.5bUS$329.1bUS$15.0b22.1x29.7x1.4x
Mon, 10 Jun 2024US$426.8bUS$331.3bUS$15.2b21.1x28.1x1.3x
Wed, 08 May 2024US$419.7bUS$331.6bUS$15.4b20.1x27.3x1.3x
Fri, 05 Apr 2024US$420.1bUS$338.6bUS$15.7b18.7x26.8x1.2x
Sun, 03 Mar 2024US$418.0bUS$341.3bUS$15.0b19.2x27.9x1.2x
Tue, 30 Jan 2024US$398.9bUS$350.4bUS$15.2b19.2x26.2x1.1x
Thu, 28 Dec 2023US$410.1bUS$352.2bUS$13.7b21.1x30x1.2x
Sat, 25 Nov 2023US$370.5bUS$353.4bUS$13.8b18x26.8x1x
Mon, 23 Oct 2023US$346.1bUS$358.4bUS$14.4b16.8x24x1x
Wed, 20 Sep 2023US$374.2bUS$360.4bUS$14.6b15.8x25.6x1x
Fri, 18 Aug 2023US$378.0bUS$360.3bUS$14.6b15.9x25.8x1x
Sun, 16 Jul 2023US$399.2bUS$361.6bUS$15.1b16.3x26.5x1.1x
Tue, 13 Jun 2023US$379.0bUS$362.6bUS$15.1b17.3x25.1x1x
Thu, 11 May 2023US$347.2bUS$360.4bUS$15.0b16.2x23.1x1x
Price to Earnings Ratio

23.1x


Total Market Cap: US$347.2bTotal Earnings: US$15.0bTotal Revenue: US$360.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 32.9x202420252026
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 50.8x which is higher than its 3-year average PE of 32.9x.
  • 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 3.8% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market0.91%
Tech0.52%
Electronic Equipment and Components-1.06%
Electronic Manufacturing Services2.06%
Electronic Equipment and Instruments1.07%
Technology Distributors0.097%
Electronic Components-3.62%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 54.2x.
    • Analysts are expecting annual earnings growth of 22.3%, 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 27% 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
KEYS Keysight TechnologiesUS$352.413.5%
+US$2.0b		139.3%PE61.6x
SANM SanminaUS$223.2718.7%
+US$1.9b		183.1%PE46.1x
COHR CoherentUS$329.502.5%
+US$1.6b		364.4%PE334.7x
TTMI TTM TechnologiesUS$158.9910.3%
+US$1.5b		538.3%PE84.6x
FN FabrinetUS$706.533.2%
+US$779.9m		219.8%PE67.1x

Latest News

SANM
US$223.27
Sanmina
7D
18.7%
1Y
183.1%
INGM
US$27.91
Ingram Micro Holding
7D
-7.5%
1Y
51.5%
BDC
US$114.15
Belden
7D
-13.3%
1Y
9.2%
TDY
US$640.33
Teledyne Technologies
7D
-2.3%
1Y
33.8%
TTMI
US$158.99
TTM Technologies
7D
10.3%
1Y
538.3%
APH
US$142.30
Amphenol
7D
-4.3%
1Y
77.5%

Amphenol: Still On Fire, Starting To Look More Compelling

May 02
GLW
US$158.26
Corning
7D
-5.8%
1Y
248.5%

GLW: AI Data Center Fiber Contracts Will Drive Long Term Optical Upside

The analyst fair value estimate for Corning has moved from $171.00 to $190.00, as analysts factor in recent price target increases from multiple firms tied to higher modeled revenue growth, updated long term optical demand assumptions, and a higher future P/E multiple despite slightly lower profit margin expectations. Analyst Commentary Recent Street research around Corning has been active, with several bullish analysts revisiting their models and adjusting price targets.
TEL
US$207.43
TE Connectivity
7D
-1.0%
1Y
38.4%

TEL: Higher Margin Outlook And Cash Returns Will Likely Cap Future Upside

Analysts now set a higher price target for TE Connectivity at $220, up from about $200, citing updated assumptions that include slightly different revenue growth expectations, a higher profit margin outlook, and a revised future P/E multiple. What's in the News TE Connectivity issued earnings guidance for the quarter ending June 26, 2026, targeting approximately US$5b in sales and GAAP diluted EPS from continuing operations of about US$2.44, with management indicating both figures are expected to rise year over year by 10% and 14% respectively (corporate guidance).
BHE
US$84.50
Benchmark Electronics
7D
22.0%
1Y
143.5%

Semi Cap Reliance And AI Demand Will Threaten Margins And Future Profitability

Catalysts About Benchmark Electronics Benchmark Electronics is an electronics manufacturing services company that provides precision technology, system integration and related solutions across sectors such as Semi-Cap, medical, industrial, aerospace and defense, and advanced computing and communications. What are the underlying business or industry changes driving this perspective?
FN
US$706.53
Fabrinet
7D
3.2%
1Y
219.8%

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).
KEYS
US$352.41
Keysight Technologies
7D
3.5%
1Y
139.3%
OSIS
US$282.50
OSI Systems
7D
-3.0%
1Y
28.1%

OSIS: Order Pacing And Security Contracts Will Shape Balanced Future Setup

Analysts have lifted their average price target on OSI Systems by about $6 to approximately $306, citing updated assumptions around slightly higher revenue growth expectations, a modestly higher future P/E multiple, and recent supportive Street research from firms initiating or raising targets on the name. Analyst Commentary Recent Street research on OSI Systems points to generally constructive sentiment, with several firms lifting price targets and one large bank initiating coverage with a bullish view.
FLEX
US$91.70
Flex
7D
1.8%
1Y
150.6%

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.
COHR
US$329.50
Coherent
7D
2.5%
1Y
364.4%

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.
LWLG
US$16.27
Lightwave Logic
7D
30.7%
1Y
1,767.1%

Lightwave Logic (LWLG): Transitioning Into Foundry Tape-Out Phase as Commercial Path Clarifies

Investment Overview Lightwave Logic has entered a more advanced stage of development, marked by a formalized foundry agreement and the initiation of fabrication activity. The company is no longer positioned solely as a materials innovator; it is now progressing into active semiconductor design and manufacturing cycles.
NOVT
US$127.87
Novanta
7D
-3.7%
1Y
6.5%