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U.S. Electronic Equipment and Components Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies183
  • 7D2.1%
  • 3M25.4%
  • 1Y111.0%
  • YTD31.0%

In the last week, the Electronic Equipment and Components industry is up 2.1%, with Jabil leading the way with a 9.2% gain. During this same period, the TE Connectivity underperformed, falling 7.9%. This means that the industry has gained 111% over the past year. Looking forward, earnings are forecast to grow by 22% 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, 24 Apr 2026US$866.0bUS$411.8bUS$16.3b27.4x53.1x2.1x
Sun, 22 Mar 2026US$700.0bUS$408.4bUS$15.4b28.5x45.4x1.7x
Tue, 17 Feb 2026US$750.4bUS$404.8bUS$15.0b28.3x50.1x1.9x
Thu, 15 Jan 2026US$682.4bUS$395.3bUS$16.0b26.9x42.6x1.7x
Sat, 13 Dec 2025US$697.4bUS$396.0bUS$16.2b24.8x43.2x1.8x
Mon, 10 Nov 2025US$660.2bUS$395.9bUS$16.0b25.3x41.2x1.7x
Wed, 08 Oct 2025US$632.9bUS$388.4bUS$13.7b25x46.2x1.6x
Fri, 05 Sep 2025US$579.8bUS$386.6bUS$13.5b23.3x43x1.5x
Sun, 03 Aug 2025US$561.4bUS$383.9bUS$15.0b22.8x37.4x1.5x
Tue, 01 Jul 2025US$529.8bUS$377.8bUS$13.5b24.4x39.2x1.4x
Thu, 29 May 2025US$487.1bUS$375.7bUS$13.4b22.1x36.4x1.3x
Sat, 26 Apr 2025US$427.0bUS$373.3bUS$13.6b19.6x31.4x1.1x
Mon, 24 Mar 2025US$437.8bUS$371.0bUS$13.9b20.4x31.4x1.2x
Wed, 19 Feb 2025US$477.2bUS$370.8bUS$14.8b23.9x32.2x1.3x
Fri, 17 Jan 2025US$475.3bUS$369.6bUS$15.6b25.9x30.6x1.3x
Sun, 15 Dec 2024US$478.3bUS$369.6bUS$15.6b26.4x30.6x1.3x
Tue, 12 Nov 2024US$489.6bUS$369.8bUS$15.8b24.5x30.9x1.3x
Thu, 10 Oct 2024US$448.2bUS$323.1bUS$15.9b24.1x28.2x1.4x
Sat, 07 Sep 2024US$410.6bUS$323.9bUS$15.8b21.6x26x1.3x
Mon, 05 Aug 2024US$405.0bUS$325.4bUS$14.5b22.2x28x1.2x
Wed, 03 Jul 2024US$427.0bUS$329.2bUS$15.1b21.5x28.3x1.3x
Fri, 31 May 2024US$432.8bUS$331.2bUS$15.3b21.3x28.4x1.3x
Sun, 28 Apr 2024US$409.9bUS$338.7bUS$15.9b18.8x25.8x1.2x
Tue, 26 Mar 2024US$417.7bUS$339.8bUS$15.7b19x26.7x1.2x
Thu, 22 Feb 2024US$402.9bUS$341.2bUS$15.0b18.9x26.9x1.2x
Sat, 20 Jan 2024US$390.4bUS$350.3bUS$13.7b19.4x28.5x1.1x
Mon, 18 Dec 2023US$404.4bUS$352.2bUS$13.7b20.9x29.5x1.1x
Wed, 15 Nov 2023US$354.7bUS$353.6bUS$13.9b18.6x25.5x1x
Fri, 13 Oct 2023US$371.8bUS$358.4bUS$14.4b16.9x25.8x1x
Sun, 10 Sep 2023US$374.6bUS$360.4bUS$14.6b15.6x25.6x1x
Tue, 08 Aug 2023US$392.3bUS$359.4bUS$15.1b17x26x1.1x
Thu, 06 Jul 2023US$392.7bUS$361.6bUS$15.0b17x26.1x1.1x
Sat, 03 Jun 2023US$370.3bUS$362.6bUS$15.1b16.6x24.5x1x
Mon, 01 May 2023US$347.0bUS$361.3bUS$15.6b15.4x22.3x1x
Price to Earnings Ratio

22.3x


Total Market Cap: US$347.0bTotal Earnings: US$15.6bTotal Revenue: US$361.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 32.6x202420252026
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 53.1x which is higher than its 3-year average PE of 32.6x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.1x.
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 4.5% 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 Market0.69%
Tech1.96%
Electronic Equipment and Components2.08%
Technology Distributors4.74%
Electronic Manufacturing Services1.94%
Electronic Components1.92%
Electronic Equipment and Instruments1.63%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 53.7x.
    • Analysts are expecting annual earnings growth of 22.0%, 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 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 35% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 12% 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
JBL JabilUS$338.539.2%
+US$3.0b		131.7%PE44.1x
GLW CorningUS$169.502.1%
+US$2.9b		286.3%PE91.2x
KEYS Keysight TechnologiesUS$346.535.0%
+US$2.8b		141.0%PE60.6x
FLEX FlexUS$86.908.7%
+US$2.6b		150.7%PE37.5x
COHR CoherentUS$337.683.0%
+US$1.9b		431.7%PE343x

Latest News

JBL
US$338.53
Jabil
7D
9.2%
1Y
131.7%
SNX
US$222.83
TD SYNNEX
7D
6.7%
1Y
101.9%
COHR
US$337.68
Coherent
7D
3.0%
1Y
431.7%
TEL
US$217.73
TE Connectivity
7D
-7.9%
1Y
51.7%
TTMI
US$132.98
TTM Technologies
7D
13.7%
1Y
563.6%

TTMI: Radar Programs And Margin Execution Will Shape Future Earnings Power

TTM Technologies' analyst price target has shifted from $118.50 to $125.25, as analysts point to revised assumptions around growth, margins, and future P/E multiples reflected in recent updates from Stifel, B. Riley, and Needham.
ARLO
US$14.17
Arlo Technologies
7D
-4.4%
1Y
45.5%
BMI
US$123.00
Badger Meter
7D
-19.2%
1Y
-43.4%
GLW
US$169.50
Corning
7D
2.1%
1Y
286.3%

GLW: AI Fiber Deal Enthusiasm Will Outrun Realistic Data Center Demand

Analyst fair value for Corning has shifted from about $129.64 to $139.21 as recent Street research, including multiple price target increases and updated AI related optical demand assumptions, has led analysts to adjust revenue growth expectations, profit margin outlooks, and future P/E assumptions, while modestly lifting the discount rate. Analyst Commentary Recent Street research on Corning reflects an active debate, with many firms lifting price targets and growth assumptions around AI driven optical demand, while a few higher profile downgrades signal concern about execution risk and valuation stretch.
ZBRA
US$226.87
Zebra Technologies
7D
-2.6%
1Y
-7.1%

ZBRA: 2026 Automation Refocus And Buybacks Will Reset Risk Reward

The analyst price target for Zebra Technologies has been reduced by $18. Analysts attribute the change to updated assumptions around discount rates, future P/E multiples and Street research that includes both upward and downward revisions following recent quarterly updates.
KEYS
US$346.53
Keysight Technologies
7D
5.0%
1Y
141.0%

AI Test Demand And Defense Modernization Will Eventually Restrain This Overstretched Outlook

Catalysts About Keysight Technologies Keysight Technologies provides test, measurement and software solutions that help customers design, validate and manufacture advanced electronic and communications systems. What are the underlying business or industry changes driving this perspective?
NSIT
US$73.34
Insight Enterprises
7D
-2.9%
1Y
-46.7%
CGNX
US$54.10
Cognex
7D
-1.6%
1Y
107.4%
APH
US$150.18
Amphenol
7D
0.8%
1Y
97.5%

APH: AI Connectivity And Hybrid Optics Outlook Will Likely Cap Near Term Upside

Narrative Update on Amphenol The analyst price target for Amphenol has been adjusted slightly higher to about $136 from $135, as analysts balance recent target cuts from UBS and Citi with prior target increases and updated views on growth, profitability, and P/E assumptions. Analyst Commentary Recent research on Amphenol reflects a mix of optimism and caution, with several firms adjusting targets and ratings as they reassess growth potential, execution risks, and how the stock is valued versus its peers.
FLEX
US$86.90
Flex
7D
8.7%
1Y
150.7%
OSIS
US$286.35
OSI Systems
7D
-4.9%
1Y
41.5%

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

Analysts have raised their price targets for OSI Systems by up to $20, citing steady mid year pacing and updated valuation work that reflects a slightly higher assumed future P/E and discount rate. Analyst Commentary Recent Street research on OSI Systems has focused on refreshed valuation work and the pacing of orders through mid year, leading to several price target increases and mixed views on the near term order backdrop.
ITRI
US$88.56
Itron
7D
-8.7%
1Y
-18.9%

ITRI: Grid Modernization And AMI 2.0 Cycle Will Support Long-Term Cash Flows

Narrative Update on Itron The analyst price target for Itron has been updated to $136.80. Analysts point to the company’s position in North American smart metering, expectations around the Advanced Metering Infrastructure 2.0 replacement cycle, and views on utilities' grid modernization and margin potential as key reasons for their outlook.