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U.S. Electronic Equipment and Components Industry Analysis

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies185
  • 7D6.5%
  • 3M25.5%
  • 1Y81.8%
  • YTD20.4%

Over the last 7 days, the Electronic Equipment and Components industry has risen 2.5%, driven by gains from Corning of 8.8%. In the same time, Zebra Technologies was down 13%. This means that the industry has gained 72% over the past year. 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
Wed, 25 Feb 2026US$769.2bUS$405.1bUS$15.2b28x50.8x1.9x
Fri, 23 Jan 2026US$702.9bUS$396.2bUS$16.3b27.7x43.1x1.8x
Sun, 21 Dec 2025US$664.0bUS$397.3bUS$16.2b24.9x41x1.7x
Tue, 18 Nov 2025US$635.2bUS$395.9bUS$16.0b23x39.7x1.6x
Thu, 16 Oct 2025US$624.6bUS$388.4bUS$13.7b26.1x45.5x1.6x
Sat, 13 Sep 2025US$616.2bUS$386.6bUS$13.5b24.1x45.6x1.6x
Mon, 11 Aug 2025US$579.2bUS$386.1bUS$13.7b23.8x42.4x1.5x
Wed, 09 Jul 2025US$536.3bUS$377.6bUS$13.6b24x39.4x1.4x
Fri, 06 Jun 2025US$492.1bUS$375.7bUS$13.4b21.8x36.8x1.3x
Sun, 04 May 2025US$446.1bUS$373.7bUS$13.5b20.2x33x1.2x
Tue, 01 Apr 2025US$422.9bUS$371.3bUS$13.9b20.9x30.4x1.1x
Thu, 27 Feb 2025US$456.4bUS$370.9bUS$14.8b23x30.8x1.2x
Sat, 25 Jan 2025US$509.9bUS$370.7bUS$14.4b26.4x35.4x1.4x
Mon, 23 Dec 2024US$463.8bUS$368.2bUS$15.5b25.7x29.9x1.3x
Wed, 20 Nov 2024US$457.3bUS$369.6bUS$15.8b23.4x28.9x1.2x
Fri, 18 Oct 2024US$457.1bUS$323.1bUS$15.9b24.1x28.8x1.4x
Sun, 15 Sep 2024US$428.4bUS$323.9bUS$15.8b22.2x27.2x1.3x
Tue, 13 Aug 2024US$409.8bUS$324.3bUS$15.6b21.3x26.3x1.3x
Thu, 11 Jul 2024US$433.8bUS$329.2bUS$15.1b21.4x28.7x1.3x
Sat, 08 Jun 2024US$429.2bUS$331.3bUS$15.2b21.1x28.2x1.3x
Mon, 06 May 2024US$412.5bUS$331.7bUS$15.4b19.6x26.8x1.2x
Wed, 03 Apr 2024US$419.5bUS$338.7bUS$15.7b18.9x26.8x1.2x
Fri, 01 Mar 2024US$408.8bUS$341.2bUS$14.9b18.9x27.4x1.2x
Sun, 28 Jan 2024US$399.0bUS$350.4bUS$15.2b19.8x26.2x1.1x
Tue, 26 Dec 2023US$406.9bUS$352.2bUS$13.7b21.2x29.6x1.2x
Thu, 23 Nov 2023US$370.5bUS$353.7bUS$13.9b18.1x26.7x1x
Sat, 21 Oct 2023US$346.1bUS$358.4bUS$14.4b16.8x24x1x
Mon, 18 Sep 2023US$372.3bUS$360.4bUS$14.6b15.7x25.5x1x
Wed, 16 Aug 2023US$384.3bUS$359.6bUS$15.0b15.5x25.7x1.1x
Fri, 14 Jul 2023US$406.0bUS$361.6bUS$15.1b17.9x27x1.1x
Sun, 11 Jun 2023US$373.2bUS$362.6bUS$15.1b16.9x24.7x1x
Tue, 09 May 2023US$346.5bUS$359.8bUS$15.1b16.5x22.9x1x
Thu, 06 Apr 2023US$362.8bUS$362.7bUS$16.4b16.4x22.1x1x
Sat, 04 Mar 2023US$375.6bUS$359.3bUS$16.0b16.9x23.5x1x
Price to Earnings Ratio

23.5x


Total Market Cap: US$375.6bTotal Earnings: US$16.0bTotal Revenue: US$359.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 31.1x202420252026
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 51.4x which is higher than its 3-year average PE of 31.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 2.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.50%
Tech0.54%
Electronic Equipment and Components6.49%
Electronic Components8.02%
Electronic Equipment and Instruments7.50%
Electronic Manufacturing Services4.82%
Technology Distributors-0.76%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 51.2x.
    • Analysts are expecting annual earnings growth of 23.6%, which is higher than its past year's earnings growth of 11.2% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 63% per year.
  • 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
GLW CorningUS$151.5916.1%
+US$18.1b		205.2%PE81.5x
KEYS Keysight TechnologiesUS$301.4828.6%
+US$11.5b		75.1%PE52.7x
COHR CoherentUS$254.8615.9%
+US$6.5b		234.8%PE248.6x
APH AmphenolUS$151.502.0%
+US$3.6b		133.0%PE43.6x
FN FabrinetUS$585.8717.9%
+US$3.2b		186.9%PE55.7x

Latest News

KEYS
US$301.48
Keysight Technologies
7D
28.6%
1Y
75.1%
NOVT
US$137.44
Novanta
7D
-5.5%
1Y
-7.3%
TDY
US$683.22
Teledyne Technologies
7D
5.2%
1Y
36.5%
TTMI
US$106.70
TTM Technologies
7D
17.4%
1Y
340.2%
GLW
US$151.59
Corning
7D
16.1%
1Y
205.2%
FN
US$585.87
Fabrinet
7D
17.9%
1Y
186.9%
CDW
US$125.53
CDW
7D
0.3%
1Y
-31.2%

CDW: Future Earnings Quality Concerns Will Present A Contrarian Opportunity

Our updated narrative on CDW reflects a reduced illustrative fair value estimate, moving from about $160 to roughly $142 per share, as analysts trim price targets and factor in higher discount rates and a lower assumed future P/E multiple, despite slightly stronger modeled revenue growth. Analyst Commentary Recent Street research on CDW has tilted cautious, with multiple price target cuts and at least one downgrade contributing to a more muted sentiment around the shares.
MIR
US$21.05
Mirion Technologies
7D
-4.3%
1Y
39.4%

MIR: 2026 Guidance And Assumption Tweaks Will Support Constructive Long Term Upside Potential

Analysts have trimmed their price target on Mirion Technologies to about $29.30 per share from roughly $30.33, reflecting updated assumptions for slightly higher discount rates, a lower revenue growth outlook, more conservative profit margin expectations, and a higher future P/E multiple. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a view of management's current expectations.
IPGP
US$131.70
IPG Photonics
7D
-2.3%
1Y
117.9%
TEL
US$241.44
TE Connectivity
7D
2.3%
1Y
58.9%

TEL: Future Profit Margin Assumptions Will Likely Prove Too Optimistic

Analysts have raised their price target for TE Connectivity to $211 from about $176. The revision reflects updated views that incorporate adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations.
ZBRA
US$235.83
Zebra Technologies
7D
-9.6%
1Y
-24.0%

ZBRA: Automation And AI Solutions Will Support Future Upside

The updated analyst price target for Zebra Technologies reflects a small downward adjustment in fair value to about $398, along with slightly lower assumptions for revenue growth, profit margins, and future P/E, as analysts weigh mixed target moves from firms that are raising and lowering their views on the stock. Analyst Commentary Recent Street research on Zebra Technologies reflects a mix of higher and lower price targets, but the bullish commentators are emphasizing the long term story, particularly the company’s role in industrial technology and automation end markets.
SNX
US$157.24
TD SYNNEX
7D
-1.6%
1Y
12.8%

SNX: Future Returns Will Be Driven By Hyve And Higher Value Exposure

The TD SYNNEX analyst price target has edged higher to about $180, with analysts pointing to expected billings growth from distribution and Hyve, balanced against concerns around memory pricing and hardware demand elasticity. Analyst Commentary Recent research views on TD SYNNEX cluster around a similar price range but differ on how much weight to put on billings growth versus hardware related risks.
INGM
US$20.24
Ingram Micro Holding
7D
-5.5%
1Y
-10.2%
APH
US$151.50
Amphenol
7D
2.0%
1Y
133.0%

APH: Future AI And Acquisition Hype Will Likely Cap Share Upside

Our analyst price target for Amphenol has been adjusted from $123.77 to $135.00, with analysts pointing to raised Street targets, support from data center AI exposure, and the planned CommScope Connectivity and Cable Solutions acquisition as key drivers behind the update. Analyst Commentary Recent Street research on Amphenol has leaned constructive, with several large firms lifting price targets and, in one case, moving the stock to an Overweight rating.
PLUS
US$77.74
ePlus
7D
-5.7%
1Y
16.6%

PLUS: Raised Guidance And Buybacks Will Support Higher Margins And Returns

Analysts have raised their price target for ePlus from $108 to $126, citing updated assumptions for revenue growth, profit margins, and a lower assumed future P/E multiple as the key drivers of the change. What's in the News From October 1, 2025 to December 31, 2025, ePlus repurchased 212,900 shares, representing 0.81% of outstanding shares, for a total of US$16.61 million under its existing buyback program (company disclosure).
COHR
US$254.86
Coherent
7D
15.9%
1Y
234.8%