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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies183
  • 7D-2.0%
  • 3M7.2%
  • 1Y41.3%
  • YTD4.5%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 2.0%, driven by TE Connectivity declining 7.1%. This takes the industry's 12 month performance to a gain of 41%. 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
Sat, 24 Jan 2026US$700.0bUS$396.2bUS$16.3b26.9x42.9x1.8x
Mon, 22 Dec 2025US$664.0bUS$397.3bUS$16.2b24.9x41x1.7x
Wed, 19 Nov 2025US$624.4bUS$395.9bUS$16.0b22.8x39x1.6x
Fri, 17 Oct 2025US$636.6bUS$388.4bUS$13.7b26.1x46.4x1.6x
Sun, 14 Sep 2025US$611.8bUS$386.6bUS$13.5b24.1x45.3x1.6x
Tue, 12 Aug 2025US$579.2bUS$386.1bUS$13.7b23.9x42.4x1.5x
Thu, 10 Jul 2025US$538.1bUS$377.6bUS$13.6b24.1x39.6x1.4x
Sat, 07 Jun 2025US$492.2bUS$375.7bUS$13.4b22x36.8x1.3x
Mon, 05 May 2025US$445.9bUS$373.7bUS$13.5b20.2x33x1.2x
Wed, 02 Apr 2025US$420.6bUS$371.3bUS$13.9b20.9x30.2x1.1x
Fri, 28 Feb 2025US$458.8bUS$370.9bUS$14.8b22x30.9x1.2x
Sun, 26 Jan 2025US$505.5bUS$370.7bUS$14.4b26.4x35.1x1.4x
Tue, 24 Dec 2024US$463.8bUS$368.2bUS$15.5b25.3x29.9x1.3x
Thu, 21 Nov 2024US$460.3bUS$369.5bUS$15.5b23.5x29.6x1.2x
Sat, 19 Oct 2024US$460.6bUS$323.1bUS$15.9b23.9x29x1.4x
Mon, 16 Sep 2024US$428.4bUS$323.9bUS$15.8b22.2x27.2x1.3x
Wed, 14 Aug 2024US$411.0bUS$324.3bUS$15.6b21.5x26.3x1.3x
Fri, 12 Jul 2024US$441.7bUS$329.2bUS$15.1b21.9x29.2x1.3x
Sun, 09 Jun 2024US$426.8bUS$331.3bUS$15.2b21.1x28.1x1.3x
Tue, 07 May 2024US$417.9bUS$331.7bUS$15.4b19.9x27.2x1.3x
Thu, 04 Apr 2024US$419.9bUS$338.5bUS$15.7b18.9x26.7x1.2x
Sat, 02 Mar 2024US$412.8bUS$341.3bUS$15.0b19.2x27.6x1.2x
Mon, 29 Jan 2024US$399.0bUS$350.4bUS$15.2b19.8x26.2x1.1x
Wed, 27 Dec 2023US$406.9bUS$352.2bUS$13.7b21.3x29.7x1.2x
Fri, 24 Nov 2023US$369.0bUS$353.7bUS$13.9b18.1x26.6x1x
Sun, 22 Oct 2023US$346.1bUS$358.4bUS$14.4b16.8x24x1x
Tue, 19 Sep 2023US$374.0bUS$360.4bUS$14.6b15.8x25.6x1x
Thu, 17 Aug 2023US$378.0bUS$360.0bUS$14.9b15.5x25.4x1.1x
Sat, 15 Jul 2023US$399.2bUS$361.6bUS$15.1b17.4x26.5x1.1x
Mon, 12 Jun 2023US$373.2bUS$362.6bUS$15.1b16.9x24.7x1x
Wed, 10 May 2023US$344.7bUS$360.0bUS$15.1b16.4x22.8x1x
Fri, 07 Apr 2023US$357.6bUS$361.4bUS$16.1b16.5x22.2x1x
Sun, 05 Mar 2023US$375.6bUS$359.3bUS$16.0b16.9x23.5x1x
Tue, 31 Jan 2023US$371.3bUS$356.4bUS$16.6b16.5x22.4x1x
Price to Earnings Ratio

22.4x


Total Market Cap: US$371.3bTotal Earnings: US$16.6bTotal Revenue: US$356.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 30.5x202420252026
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 42.9x which is higher than its 3-year average PE of 30.5x.
  • 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 3.6% 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-0.39%
Tech-0.96%
Electronic Equipment and Components-1.98%
Electronic Equipment and Instruments-0.53%
Electronic Components-1.33%
Technology Distributors-1.57%
Electronic Manufacturing Services-4.58%
Industry PE
  • Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 45.1x.
    • Analysts are expecting annual earnings growth of 24.6%, which is lower than the prior year's growth of 27.6% 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 25% 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 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
TDY Teledyne TechnologiesUS$610.665.0%
+US$1.4b		18.7%PE32x
COHR CoherentUS$196.943.1%
+US$1.0b		96.3%PE284.3x
AEIS Advanced Energy IndustriesUS$262.193.3%
+US$314.4m		109.1%PE67.9x
SNX TD SYNNEXUS$153.232.2%
+US$258.7m		7.5%PE14.8x
IPGP IPG PhotonicsUS$86.445.7%
+US$197.6m		16.7%PE142x

Latest News

COHR
US$196.94
Coherent
7D
3.1%
1Y
96.3%
MASS
US$6.84
908 Devices
7D
25.0%
1Y
162.1%

908 Devices Inc.'s (NASDAQ:MASS) 29% Price Boost Is Out Of Tune With Revenues

Jan 23
908 Devices Inc.'s (NASDAQ:MASS) 29% Price Boost Is Out Of Tune With Revenues
JBL
US$243.14
Jabil
7D
-3.2%
1Y
40.3%
AEIS
US$262.19
Advanced Energy Industries
7D
3.3%
1Y
109.1%

AI Data Center Demand And New Thailand Capacity Will Eventually Disappoint

Catalysts About Advanced Energy Industries Advanced Energy Industries designs and manufactures precision power conversion, measurement and control solutions for semiconductor, data center, industrial, medical, telecom and networking applications. What are the underlying business or industry changes driving this perspective?
ARBE
US$1.70
Arbe Robotics
7D
49.1%
1Y
-43.1%
TDY
US$610.66
Teledyne Technologies
7D
5.0%
1Y
18.7%
TTMI
US$95.02
TTM Technologies
7D
-5.9%
1Y
267.3%

TTMI: Data Center Momentum And AI Confidence Will Support Margins Into 2026

Analysts have lifted their price targets and now support a fair value estimate of US$92.75 for TTM Technologies, up from US$80.75, citing ongoing data center momentum, higher confidence in AI driven growth into 2026, stronger margin assumptions and a lower expected future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the updated fair value tying closely to what they describe as ongoing momentum in Data Center Computing, with that segment framed as the primary growth engine supporting higher price targets.
NOVT
US$137.89
Novanta
7D
2.5%
1Y
-7.4%

NOVT: Equity Units And Share Repurchases Will Support Balance Sheet And Future Deals

Analysts now keep their price target for Novanta effectively unchanged at about $154.00. They point to steady assumptions around discount rate, revenue growth, profit margin and future P/E as the key drivers of their view.
TEL
US$223.84
TE Connectivity
7D
-7.1%
1Y
44.7%

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.
CDW
US$126.00
CDW
7D
-4.4%
1Y
-35.4%
ZBRA
US$240.54
Zebra Technologies
7D
-4.2%
1Y
-42.0%

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.
IPGP
US$86.44
IPG Photonics
7D
5.7%
1Y
16.7%

IPGP: Business Recovery In Welding And Micromachining Will Support Higher Future Multiple

Analysts have nudged their price expectations for IPG Photonics higher, with our fair value estimate moving from about $94 to roughly $96, citing recent target increases and upgrades that highlight improving demand trends and a slightly richer assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent upgrade and higher price target of US$105, up from US$68, as support for a higher assumed P/E.
GLW
US$93.30
Corning
7D
-1.0%
1Y
72.0%

GLW: Optical And Solar Execution Risks May Delay AI Fiber Payoff

Analysts at several firms have raised their Corning price targets by $7 to $25, citing stronger end-demand expectations in Optical and Solar, incremental Polysilicon and Fiber revenue contributions, and constructive views on connector exposure into 2026 as key reasons for their higher fair value assessments. Analyst Commentary Recent research has centered on how Corning is executing across Optical, Solar, Display, Specialty Materials, and Hemlock, and what that might mean for the share price over the next couple of years.
FN
US$466.91
Fabrinet
7D
-5.6%
1Y
80.5%

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).
APH
US$150.99
Amphenol
7D
-2.2%
1Y
95.6%

APH: Future P E Compression Will Likely Cap Post Acquisition Share Upside

Analysts lifted their fair value estimate for Amphenol by about US$1.88 to US$123.77 as they factor in higher modeled revenue growth, slightly stronger profit margins, a modestly higher discount rate, and a lower future P/E. This reflects recent price target increases tied to the CommScope Connectivity and Cable Solutions acquisition and expected content gains across key end markets.
SNX
US$153.23
TD SYNNEX
7D
2.2%
1Y
7.5%

SNX: Future Returns Will Be Driven By High Value Segments And Cash Generation

The analyst price target for TD SYNNEX has been adjusted slightly higher to about $180, reflecting mixed changes in underlying assumptions along with recent Street research that cites expected billings growth in FY26, the company's exposure to higher value segments, and strong free cash generation. Analyst Commentary Bullish Takeaways Bullish analysts highlight an initiation at a price target of about $180, which they see as supported by expected FY26 billings growth and the mix of higher value segments within the business.