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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies184
  • 7D-0.2%
  • 3M-4.5%
  • 1Y55.1%
  • YTD27.5%

Over the last 7 days, the Electronic Equipment and Components industry has remained flat, although notably Corning declined by 5.1%. The past year has been better, since the industry has gained 55% in that time. As for the next few years, earnings are expected to grow by 26% 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, 25 Jul 2026US$864.8bUS$434.4bUS$17.7b29.6x48.9x2x
Mon, 22 Jun 2026US$976.9bUS$428.9bUS$17.4b32.9x56.3x2.3x
Wed, 20 May 2026US$856.5bUS$426.4bUS$17.2b30.1x49.8x2x
Fri, 17 Apr 2026US$841.1bUS$411.1bUS$15.5b31.4x54.4x2x
Sun, 15 Mar 2026US$713.3bUS$406.8bUS$15.3b28.6x46.5x1.8x
Tue, 10 Feb 2026US$720.0bUS$404.3bUS$15.6b27.8x46x1.8x
Thu, 08 Jan 2026US$663.8bUS$393.7bUS$16.0b25.7x41.6x1.7x
Sat, 06 Dec 2025US$669.7bUS$396.0bUS$16.3b24.6x41x1.7x
Mon, 03 Nov 2025US$667.9bUS$394.0bUS$15.3b24.3x43.7x1.7x
Wed, 01 Oct 2025US$620.9bUS$388.8bUS$13.6b24.4x45.6x1.6x
Fri, 29 Aug 2025US$583.8bUS$386.6bUS$13.5b23.3x43.3x1.5x
Sun, 27 Jul 2025US$566.7bUS$382.4bUS$14.7b23.8x38.5x1.5x
Tue, 24 Jun 2025US$507.7bUS$376.8bUS$13.5b25x37.5x1.3x
Thu, 22 May 2025US$483.4bUS$375.5bUS$13.4b22.2x36x1.3x
Sat, 19 Apr 2025US$391.9bUS$371.4bUS$13.9b19.4x28.2x1.1x
Mon, 17 Mar 2025US$427.3bUS$371.1bUS$14.7b20.4x29x1.2x
Wed, 12 Feb 2025US$482.0bUS$370.6bUS$14.6b23.9x33x1.3x
Fri, 10 Jan 2025US$469.1bUS$368.1bUS$15.6b25.8x30.2x1.3x
Sun, 08 Dec 2024US$484.7bUS$369.6bUS$15.6b26.3x31.1x1.3x
Tue, 05 Nov 2024US$455.9bUS$369.7bUS$15.9b22.4x28.7x1.2x
Thu, 03 Oct 2024US$450.5bUS$323.1bUS$15.8b23.7x28.5x1.4x
Sat, 31 Aug 2024US$441.4bUS$324.0bUS$15.9b22.7x27.7x1.4x
Mon, 29 Jul 2024US$441.7bUS$328.2bUS$15.1b22.6x29.3x1.3x
Wed, 26 Jun 2024US$434.6bUS$329.5bUS$15.1b20.9x28.8x1.3x
Fri, 24 May 2024US$439.9bUS$331.3bUS$15.3b21.2x28.8x1.3x
Sun, 21 Apr 2024US$394.1bUS$338.7bUS$15.7b19.2x25.1x1.2x
Tue, 19 Mar 2024US$405.9bUS$339.9bUS$15.6b18.7x26x1.2x
Thu, 15 Feb 2024US$395.1bUS$342.2bUS$15.2b19.5x26x1.2x
Sat, 13 Jan 2024US$390.2bUS$350.3bUS$13.7b19.4x28.5x1.1x
Mon, 11 Dec 2023US$378.3bUS$353.4bUS$13.8b18.6x27.5x1.1x
Wed, 08 Nov 2023US$354.9bUS$352.9bUS$13.7b15.6x25.9x1x
Fri, 06 Oct 2023US$363.5bUS$358.4bUS$14.4b16.3x25.2x1x
Sun, 03 Sep 2023US$391.8bUS$360.3bUS$14.6b16.9x26.8x1.1x
Tue, 01 Aug 2023US$398.2bUS$361.1bUS$14.8b17.2x27x1.1x
Price to Earnings Ratio

27x


Total Market Cap: US$398.2bTotal Earnings: US$14.8bTotal Revenue: US$361.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 34.9x202420252026
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 48.9x which is higher than its 3-year average PE of 34.9x.
  • The 3-year average PS ratio of 1.4x 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 6.2% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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 Market-1.06%
Tech0.11%
Electronic Equipment and Components-0.18%
Technology Distributors1.19%
Electronic Manufacturing Services0.46%
Electronic Equipment and Instruments0.37%
Electronic Components-0.94%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 56.6x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 8.1% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.8x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 28% 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 19% 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$152.671.0%
+US$1.8b		45.4%PE42.1x
JBL JabilUS$312.593.8%
+US$1.2b		40.5%PE38x
COHR CoherentUS$282.391.7%
+US$937.1m		182.0%PE137.9x
TDY Teledyne TechnologiesUS$655.353.1%
+US$918.7m		17.9%PE31.1x
AEIS Advanced Energy IndustriesUS$303.997.0%
+US$758.3m		116.3%PE60.3x

Latest News

AEIS
US$303.99
Advanced Energy Industries
7D
7.0%
1Y
116.3%
Narrative Update • Jul 24

AEIS: AI Data Center Power Demand Will Drive Future Upside

Analysts have raised the fair value estimate for Advanced Energy Industries from about $394 to roughly $429, citing higher assumed revenue growth, a modestly richer future P/E multiple, and expanding opportunities in semiconductor and data center markets reflected in recent price target increases across the Street. Analyst Commentary Recent Street research on Advanced Energy Industries points to a broadly constructive stance, with multiple firms lifting price targets and highlighting exposure to semiconductor and data center spending as key drivers for the fair value reset.
BMI
US$126.32
Badger Meter
7D
-15.5%
1Y
-34.6%
Seeking Alpha • Jul 24

Badger Meter: Project Deployments Can Restart Earnings Growth

Summary Badger Meter remains a buy as project deployments ramp, supporting both revenue growth and margin expansion opportunities. Q2 2026 saw resilient gross margin (40.8%) despite a 7% y/y sales decline, with sequential improvement in base sales and project activity. Management's FY2026 revenue guidance implies 8% H2 growth, which appears achievable given project cadence and improved order rates. Key risks for BMI include component shortages and project deployment delays, but long-term margin expansion and recurring software revenue remain compelling. Read the full article on Seeking Alpha
COHR
US$282.39
Coherent
7D
1.7%
1Y
182.0%
TDY
US$655.35
Teledyne Technologies
7D
3.1%
1Y
17.9%
AVT
US$89.42
Avnet
7D
4.4%
1Y
67.1%
TEL
US$202.94
TE Connectivity
7D
-0.2%
1Y
-2.5%
JBL
US$312.59
Jabil
7D
3.8%
1Y
40.5%
Seeking Alpha • Jul 22

Jabil: AI Infrastructure Play Is Becoming More Than Just A Cycle

Summary Jabil is rated a buy with an FY 2027 price target of $363, implying 15% upside driven by AI infrastructure growth. JBL's Q3 2026 results showed 12% YoY revenue growth, led by a 21% surge in intelligent infrastructure and expanding operating margins. Execution on hyperscaler AI contracts and sustained margin expansion are critical for further re-rating and share appreciation into FY 2027. Risks include reduced portfolio diversification as intelligent infrastructure may exceed 50% of revenue, increasing vulnerability to AI spending cycles. Read the full article on Seeking Alpha
APH
US$152.67
Amphenol
7D
1.0%
1Y
45.4%
Seeking Alpha • Jul 22

Amphenol: Great Growth Story With Realistic Path Ahead (Rating Upgrade)

Summary Amphenol Corporation is upgraded to a buy, driven by robust organic growth, disciplined acquisitions, and expanding margins. APH’s Q1 revenue hit a record $7.62 billion, fueled by 33% organic growth and the CCS acquisition, with EBITDA tripling over three years. Non-GAAP operating margin reached 27.3%, and further margin expansion is expected as CCS integration matures and synergies materialize. While APH trades at a premium (P/E ~43x), accelerating earnings and secular tailwinds increasingly justify the valuation, supporting durable long-term growth. Read the full article on Seeking Alpha
IPGP
US$91.70
IPG Photonics
7D
-12.1%
1Y
17.5%
FLEX
US$118.51
Flex
7D
-0.6%
1Y
137.1%
Seeking Alpha • Jul 21

Flex: A Strong Buy Before The AI Data Center Infrastructure Spin-Off

Summary I rate Flex Ltd. a Strong Buy with a $184 price target, implying 55% upside potential. The main growth drivers are Cloud and Cooling and the Power platform. Based on my assumptions, Cloud and Cooling contributes about $2.45 of incremental EPS by 2028, while Power adds another $0.95 as data center capacity expands and operating margins improve. I arrive at my Price target by applying a 26x FWD non-GAAP P/E multiple to my 2028 estimated EPS of $7.06. The largest risks are delays in hyperscaler projects, weaker CPI operating leverage, and higher-than-expected separation costs. Read the full article on Seeking Alpha
KEYS
US$318.67
Keysight Technologies
7D
0.9%
1Y
91.5%
SANM
US$208.43
Sanmina
7D
5.7%
1Y
111.4%
GLW
US$146.65
Corning
7D
-5.1%
1Y
164.9%
CGNX
US$62.05
Cognex
7D
-3.2%
1Y
82.1%
NOVT
US$141.54
Novanta
7D
-4.8%
1Y
11.3%
ZBRA
US$259.92
Zebra Technologies
7D
-2.8%
1Y
-22.6%
Narrative Update • Jul 13

ZBRA: Automation And Machine Vision Execution Will Shape Balanced Risk Reward

The analyst price target for Zebra Technologies has been updated from $267 to $284. This change reflects analysts' use of a slightly lower discount rate, marginally higher revenue growth and profit margin assumptions, and a higher future P/E multiple in response to recent research highlighting improving demand, execution, and sector support.