Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductors Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies131
  • 7D0.3%
  • 3M0.9%
  • 1Y68.6%
  • YTD0.5%

Over the last 7 days, the Semiconductors industry has remained flat, although notably NVIDIA gained 3.5%. As for the the longer term, the industry is up 69% over the past 12 months. 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
Sat, 07 Mar 2026US$9.1tUS$681.7bUS$203.2b42x44.8x13.3x
Mon, 02 Feb 2026US$9.3tUS$642.0bUS$176.8b41.9x52.7x14.5x
Wed, 31 Dec 2025US$8.9tUS$640.8bUS$176.4b36.4x50.3x13.8x
Fri, 28 Nov 2025US$8.8tUS$631.0bUS$166.0b35.8x52.8x13.9x
Sun, 26 Oct 2025US$8.8tUS$599.6bUS$158.5b39.5x55.4x14.7x
Tue, 23 Sep 2025US$8.1tUS$593.8bUS$134.6b34.9x60.4x13.7x
Thu, 21 Aug 2025US$7.7tUS$572.7bUS$118.5b28.3x64.7x13.4x
Sat, 19 Jul 2025US$7.6tUS$566.4bUS$118.3b31.1x64.3x13.4x
Mon, 16 Jun 2025US$6.5tUS$563.9bUS$116.8b26.2x55.3x11.4x
Wed, 14 May 2025US$5.8tUS$541.5bUS$109.1b25x53x10.7x
Fri, 11 Apr 2025US$5.2tUS$537.3bUS$108.9b22.1x47.8x9.7x
Sun, 09 Mar 2025US$5.4tUS$536.3bUS$108.3b30.1x49.7x10x
Tue, 04 Feb 2025US$5.8tUS$512.6bUS$95.1b30.7x61.3x11.4x
Thu, 02 Jan 2025US$6.2tUS$513.5bUS$96.7b30x63.7x12x
Sat, 30 Nov 2024US$6.0tUS$505.1bUS$93.4b30.2x64.4x11.9x
Mon, 28 Oct 2024US$6.3tUS$489.4bUS$101.5b28x61.7x12.8x
Wed, 25 Sep 2024US$5.6tUS$485.6bUS$99.5b26.9x56.6x11.6x
Fri, 23 Aug 2024US$5.8tUS$466.7bUS$94.3b28.5x61.8x12.5x
Sun, 21 Jul 2024US$5.8tUS$467.9bUS$96.6b28x59.7x12.3x
Tue, 18 Jun 2024US$6.3tUS$464.9bUS$94.3b29.8x66.6x13.5x
Thu, 16 May 2024US$4.9tUS$444.9bUS$83.3b29.5x59.4x11.1x
Sat, 13 Apr 2024US$5.0tUS$447.5bUS$81.6b28.8x60.9x11.1x
Mon, 11 Mar 2024US$4.9tUS$446.3bUS$78.2b29x62.6x11x
Wed, 07 Feb 2024US$4.1tUS$430.4bUS$71.8b28.4x57x9.5x
Fri, 05 Jan 2024US$3.4tUS$433.2bUS$69.5b26.3x49.3x7.9x
Sun, 03 Dec 2023US$3.2tUS$432.3bUS$70.4b25.4x45.6x7.4x
Tue, 31 Oct 2023US$2.8tUS$425.2bUS$63.9b20.7x43.3x6.5x
Thu, 28 Sep 2023US$2.9tUS$430.8bUS$68.7b24.3x42.1x6.7x
Sat, 26 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Mon, 24 Jul 2023US$3.1tUS$429.2bUS$67.3b23.3x45.6x7.2x
Wed, 21 Jun 2023US$3.0tUS$434.1bUS$71.9b23.9x42.1x7x
Fri, 19 May 2023US$2.5tUS$434.3bUS$70.4b21.1x36.1x5.8x
Sun, 16 Apr 2023US$2.4tUS$443.8bUS$85.6b18.6x27.5x5.3x
Tue, 14 Mar 2023US$2.2tUS$447.4bUS$90.2b17.6x24.4x4.9x
Price to Earnings Ratio

24.4x


Total Market Cap: US$2.2tTotal Earnings: US$90.2bTotal Revenue: US$447.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 53.5x202420252026
Current Industry PE
  • Investors are pessimistic on the American Semiconductor industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 44.8x which is lower than its 3-year average PE of 53.4x.
  • The 3-year average PS ratio of 10.6x is lower than the industry's current PS ratio of 13.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 31% per year over the last three years.
  • Revenues for these companies have grown 15% 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-1.24%
Tech0.14%
Semiconductors0.33%
Semiconductors1.39%
Semiconductor Equipment-7.95%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 29.6x.
    • Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 3.2% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 58.7x.
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 9.2% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 18% 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$183.343.5%
+US$149.4b		62.7%PE37.1x
AVGO BroadcomUS$332.774.1%
+US$60.8b		70.7%PE63.1x
INTC IntelUS$45.951.1%
+US$2.4b		121.4%PS4.3x
GFS GLOBALFOUNDRIESUS$48.333.0%
+US$793.5m		25.9%PE30.4x
CRDO Credo Technology Group HoldingUS$114.740.2%
+US$485.1m		172.7%PE62.3x

Latest News

MRVL
US$89.47
Marvell Technology
7D
9.5%
1Y
26.3%
AVGO
US$330.45
Broadcom
7D
3.4%
1Y
69.5%
TXN
US$193.21
Texas Instruments
7D
-8.9%
1Y
1.4%
HIMX
US$7.40
Himax Technologies
7D
1.6%
1Y
-24.1%

HIMX: AR And Silicon Photonics Progress Will Support Post Downgrade Upside

Analysts have reaffirmed their price target on Himax Technologies at $8.54 in this latest update, incorporating recent research that includes a downgrade at a major firm and a reassessment of assumptions around revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research, including a downgrade at Morgan Stanley, gives a mixed read on Himax Technologies.
AMD
US$192.44
Advanced Micro Devices
7D
-3.9%
1Y
91.8%

AMD: Meta AI Infrastructure Pact Will Support Long-Term Earnings Power

Analysts have raised their AMD price target by $7 to reflect updated assumptions for higher revenue growth and slightly lower future P/E multiples. They cite new multi year GPU and CPU partnerships with Meta and other AI customers, which they view as reinforcing the company’s role in large scale AI infrastructure.
LRCX
US$199.33
Lam Research
7D
-14.8%
1Y
152.3%

LRCX: Future DRAM WFE Cycle May Drive Multi Year Upswing

The analyst price target for Lam Research has been raised by $10 to $254, as analysts point to higher wafer fab equipment growth forecasts, strong demand for DRAM memory spending, and broad Street support including Lam's addition to BofA's "US 1 List". Analyst Commentary Recent research is broadly constructive on Lam Research, with a series of higher price targets and fresh initiations pointing to confidence in the company’s position in wafer fab equipment and memory exposure.
NVDA
US$177.89
NVIDIA
7D
0.4%
1Y
57.9%
MU
US$370.30
Micron Technology
7D
-10.2%
1Y
298.3%
ALAB
US$119.20
Astera Labs
7D
0.3%
1Y
78.1%

ALAB: Hyperscale AI Connectivity And Optical Conference Risks Will Shape Returns

Astera Labs' fair value estimate has shifted modestly higher to $204.47, as analysts weigh mixed price target changes and conference related catalyst risks against updated assumptions for growth, margins, and future P/E expectations. Analyst Commentary Recent research coverage on Astera Labs reflects a split view, with some firms adjusting price targets higher and others trimming expectations, as well as a short term conference related risk flag around the Optical Fiber Communication event.
KLAC
US$1,344.55
KLA
7D
-11.8%
1Y
89.0%

KLAC: AI And DRAM Spending Upswing Will Challenge Lofty P/E Premium

The analyst price target for KLA has inched higher to $1,336 from $1,332, as analysts factor in slightly stronger long term revenue growth, a marginally higher profit margin profile and a small adjustment lower in the discount rate, while keeping future P/E expectations broadly similar. Analyst Commentary Across recent research, most commentary on KLA has centered on higher price targets, upbeat views on wafer fab equipment spending and interest in the upcoming investor day, where some analysts expect long term financial targets to be outlined.
INTT
US$13.24
inTEST
7D
13.6%
1Y
70.0%
AMAT
US$324.74
Applied Materials
7D
-12.8%
1Y
108.6%

AMAT: Wafer Equipment Upswing And Services Mix Will Support Future Upside

Our fair value estimate for Applied Materials has been raised from $420.71 to $470.00 as analysts lift long term wafer fab equipment growth expectations and highlight the stock as a top pick in semiconductor production equipment. Analyst Commentary Recent Street research around Applied Materials has been heavily skewed toward positive revisions, with a broad group of bullish analysts lifting price targets and, in several cases, upgrading their ratings.
ADI
US$315.81
Analog Devices
7D
-11.2%
1Y
39.8%
ARM
US$114.43
Arm Holdings
7D
-10.2%
1Y
-8.9%

ARM: Physical AI And Robotics Expansion Will Drive Future Upside

Analysts have trimmed their blended $ fair value estimate for Arm by about $0.43, reflecting a small recalibration in growth, discount rate, and P/E assumptions after a wave of mixed price target cuts and rating upgrades that highlight both smartphone demand concerns and ongoing interest in the story. Analyst Commentary Recent Street research around Arm shows a split tape, with several firms cutting price targets while others are upgrading the stock or lifting their fair value views.
MOBX
US$1.04
Mobix Labs
7D
530.3%
1Y
0%
POET
US$6.28
POET Technologies
7D
4.7%
1Y
74.9%