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U.S. Semiconductors Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies128
  • 7D5.2%
  • 3M4.9%
  • 1Y50.7%
  • YTD3.2%

The Semiconductors industry is up 5.2% in the last week, with NVIDIA up 8.2%. During this same period, the Advanced Micro Devices underperformed, falling 12%. In the last 12 months, the industry was up 51%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the U.S. Semiconductors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026US$9.3tUS$646.7bUS$177.8b44.6x52.4x14.4x
Fri, 09 Jan 2026US$9.0tUS$640.8bUS$176.4b41x51x14x
Sun, 07 Dec 2025US$8.9tUS$631.8bUS$168.7b38x53x14.2x
Tue, 04 Nov 2025US$9.3tUS$601.6bUS$156.8b36.6x59.5x15.5x
Thu, 02 Oct 2025US$8.4tUS$597.4bUS$137.3b37.1x61.1x14x
Sat, 30 Aug 2025US$7.7tUS$590.8bUS$129.0b33x60.1x13.1x
Mon, 28 Jul 2025US$7.6tUS$566.9bUS$117.0b28x64.9x13.4x
Wed, 25 Jun 2025US$6.8tUS$563.9bUS$116.8b29x58.3x12.1x
Fri, 23 May 2025US$6.0tUS$541.9bUS$109.3b23.5x55x11.1x
Sun, 20 Apr 2025US$4.7tUS$537.4bUS$108.9b22.6x43x8.7x
Tue, 18 Mar 2025US$5.6tUS$537.2bUS$108.1b29.8x51.6x10.4x
Thu, 13 Feb 2025US$6.2tUS$514.9bUS$94.8b32.3x65.4x12x
Sat, 11 Jan 2025US$6.4tUS$513.5bUS$96.7b30.7x66x12.4x
Mon, 09 Dec 2024US$6.2tUS$504.8bUS$92.9b31.3x67x12.3x
Wed, 06 Nov 2024US$6.0tUS$488.3bUS$84.5b29.5x71.3x12.3x
Fri, 04 Oct 2024US$5.8tUS$489.3bUS$101.8b27.5x57x11.9x
Sun, 01 Sep 2024US$5.7tUS$481.2bUS$104.2b29.5x54.7x11.8x
Tue, 30 Jul 2024US$5.6tUS$466.8bUS$96.0b27x57.9x11.9x
Thu, 27 Jun 2024US$6.1tUS$464.9bUS$94.3b30x64.3x13x
Sat, 25 May 2024US$5.3tUS$462.6bUS$95.6b29.9x55.8x11.5x
Mon, 22 Apr 2024US$4.3tUS$447.5bUS$81.6b25.1x52.3x9.5x
Wed, 20 Mar 2024US$4.8tUS$446.0bUS$78.2b28.2x61.3x10.7x
Fri, 16 Feb 2024US$4.4tUS$429.0bUS$70.8b28.8x62.2x10.3x
Sun, 14 Jan 2024US$3.7tUS$433.1bUS$69.5b25x52.7x8.5x
Tue, 12 Dec 2023US$3.3tUS$432.6bUS$70.6b24.8x47x7.7x
Thu, 09 Nov 2023US$3.0tUS$420.9bUS$62.5b22.8x48.6x7.2x
Sat, 07 Oct 2023US$3.0tUS$428.2bUS$65.8b25x46x7.1x
Mon, 04 Sep 2023US$3.1tUS$428.2bUS$68.7b26.5x45.8x7.3x
Wed, 02 Aug 2023US$3.2tUS$424.6bUS$68.4b24x46.9x7.6x
Fri, 30 Jun 2023US$2.9tUS$429.1bUS$67.3b24x43.7x6.9x
Sun, 28 May 2023US$2.9tUS$433.7bUS$71.0b23x40.3x6.6x
Tue, 25 Apr 2023US$2.3tUS$443.5bUS$85.4b18.3x27.4x5.3x
Thu, 23 Mar 2023US$2.4tUS$447.9bUS$90.3b17.9x26.1x5.3x
Sat, 18 Feb 2023US$2.2tUS$444.7bUS$90.3b17.7x24.4x5x
Price to Earnings Ratio

24.4x


Total Market Cap: US$2.2tTotal Earnings: US$90.3bTotal Revenue: US$444.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 52.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Semiconductor industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 52.9x.
  • The 3-year average PS ratio of 10.4x is lower than the industry's current PS ratio of 14.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.99%
Tech2.89%
Semiconductors5.18%
Semiconductors5.35%
Semiconductor Equipment3.73%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 58.2x.
    • Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings growth of 4.1% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 29.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 17% 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
NVDA NVIDIAUS$188.548.2%
+US$348.7b		43.8%PE46.2x
AVGO BroadcomUS$340.446.3%
+US$95.3b		44.8%PE69.8x
ARM Arm HoldingsUS$125.9520.5%
+US$22.8b		-20.2%PE167x
KLAC KLAUS$1.43k5.6%
+US$9.9b		88.6%PE41.1x
AMAT Applied MaterialsUS$329.073.3%
+US$8.3b		79.6%PE37.3x

Latest News

QCOM
US$140.09
QUALCOMM
7D
-4.8%
1Y
-18.5%
ALAB
US$182.86
Astera Labs
7D
26.4%
1Y
109.0%
AMAT
US$329.07
Applied Materials
7D
3.3%
1Y
79.6%
LRCX
US$226.61
Lam Research
7D
-1.5%
1Y
172.2%
AMD
US$213.57
Advanced Micro Devices
7D
-11.8%
1Y
92.2%
MRVL
US$82.01
Marvell Technology
7D
8.6%
1Y
-24.8%
KLAC
US$1,430.84
KLA
7D
5.6%
1Y
88.6%
FSLR
US$226.24
First Solar
7D
-5.0%
1Y
42.6%

FSLR: U.S. Manufacturing Expansion Will Support Long-Term Pricing Power

The analyst price target for First Solar has been raised by about US$12 to US$347.10. Analysts are balancing lower modeled revenue growth with higher profit margin expectations, a slightly reduced discount rate and a higher assumed future P/E.
ADI
US$325.16
Analog Devices
7D
4.5%
1Y
59.8%

ADI: Autos And AI Are Expected To Support A Measured Cyclical Recovery

Analysts have nudged their price target framework higher for Analog Devices, with fair value moving from US$285.56 to US$313.31 as they factor in Street research pointing to stronger revenue growth assumptions, slightly higher profit margins, a modestly lower discount rate, and a richer future P/E outlook following multiple recent target hikes across major firms. Analyst Commentary Recent Street research on Analog Devices clusters around a broadly positive view, with most firms lifting price targets and a minority trimming theirs while keeping constructive ratings.
NVDA
US$188.54
NVIDIA
7D
8.2%
1Y
43.8%

NVDA: AI Infrastructure Demand And Partnerships Will Sustain Market Leadership

Analysts nudged their fair value estimate for Nvidia higher from US$326.00 to about US$334.78, as they factor in expectations for stronger profit margins, a higher future P/E and recent research that highlights Nvidia's AI leadership, data center demand and supportive partner deals such as the CoreWeave agreement. Analyst Commentary Recent Street research around Nvidia has been broadly constructive, with many bullish analysts adjusting their models after company updates, product news and partner commentary.
PI
US$110.38
Impinj
7D
-30.1%
1Y
3.8%
ARM
US$125.95
Arm Holdings
7D
20.5%
1Y
-20.2%

ARM: AI Licensing And Physical AI Will Drive Future Upside Potential

The analyst price target for Arm Holdings has been revised lower by $14.99, as analysts factor in slightly softer revenue growth assumptions, a lower future P/E multiple of 82.61, and updated views from recent research that temper earlier optimism around the shares. Analyst Commentary Recent research on Arm Holdings points to a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess growth assumptions, valuation, and execution risk.
INTC
US$47.13
Intel
7D
-4.3%
1Y
124.7%
TXN
US$220.92
Texas Instruments
7D
-1.9%
1Y
23.2%

Investors Appear Satisfied With Texas Instruments Incorporated's (NASDAQ:TXN) Prospects As Shares Rocket 26%

Feb 05
Investors Appear Satisfied With Texas Instruments Incorporated's (NASDAQ:TXN) Prospects As Shares Rocket 26%
AVGO
US$340.44
Broadcom
7D
6.3%
1Y
44.8%

AVGO: AI Custom Silicon Demand Will Shape Future Earnings Power

Analysts have lifted their Broadcom fair value estimate from US$415.56 to US$535.00, citing stronger AI related revenue assumptions, slightly leaner profit margins, and a lower future P/E expectation as they recalibrate forecasts alongside a series of recent upgrades and higher price targets across the semiconductor group. Analyst Commentary Recent Street research around Broadcom has leaned constructive, with several firms revising price targets, initiating coverage, or resuming opinions that highlight the company as a key beneficiary of AI related spending and custom silicon demand.
MU
US$373.25
Micron Technology
7D
-1.6%
1Y
307.1%

MU: AI Memory Shortages Will Eventually Draw New Capacity And Pressure Returns

Analysts have lifted their fair value estimate for Micron from US$249.31 to US$365.22. They point to higher assumed revenue growth, wider profit margins and a lower future P/E multiple, supported by recent price target increases and generally positive commentary around tight memory supply and AI driven demand.