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U.S. Semiconductors Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies130
  • 7D-0.1%
  • 3M-0.8%
  • 1Y76.5%
  • YTD0.7%

The Semiconductors is pretty flat in the last 7 days, but Broadcom has stood out, gaining 8.4%. As for the the longer term, the industry is up 77% over the past 12 months. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026US$8.8tUS$682.0bUS$203.5b41.3x43.1x12.9x
Fri, 06 Feb 2026US$8.6tUS$646.3bUS$178.0b40.6x48.3x13.3x
Sun, 04 Jan 2026US$9.0tUS$640.8bUS$176.4b37.3x51x14x
Tue, 02 Dec 2025US$8.8tUS$631.0bUS$166.0b35.7x52.8x13.9x
Thu, 30 Oct 2025US$4.4tUS$599.8bUS$158.5b39.9x27.9x7.4x
Sat, 27 Sep 2025US$8.1tUS$597.4bUS$136.9b34.9x59.5x13.6x
Mon, 25 Aug 2025US$7.8tUS$573.3bUS$118.6b30.1x65.4x13.5x
Wed, 23 Jul 2025US$7.5tUS$566.2bUS$118.1b30.9x63.4x13.2x
Fri, 20 Jun 2025US$6.6tUS$563.8bUS$116.8b27x56.7x11.7x
Sun, 18 May 2025US$6.2tUS$541.9bUS$109.3b23.5x56.3x11.4x
Tue, 15 Apr 2025US$5.0tUS$537.3bUS$108.9b23.1x46x9.3x
Thu, 13 Mar 2025US$5.2tUS$536.3bUS$108.3b28.2x47.6x9.6x
Sat, 08 Feb 2025US$6.1tUS$515.4bUS$96.1b31x63.6x11.9x
Mon, 06 Jan 2025US$6.5tUS$513.5bUS$96.7b31.2x67.1x12.6x
Wed, 04 Dec 2024US$6.1tUS$505.0bUS$93.4b31.1x65.3x12.1x
Fri, 01 Nov 2024US$5.9tUS$489.5bUS$101.6b26.9x58.4x12.1x
Sun, 29 Sep 2024US$5.8tUS$489.3bUS$101.8b29.2x57.3x11.9x
Tue, 27 Aug 2024US$6.0tUS$466.0bUS$94.2b27.9x63.5x12.8x
Thu, 25 Jul 2024US$6.0tUS$466.6bUS$95.9b26.9x62.2x12.8x
Sat, 22 Jun 2024US$6.3tUS$464.9bUS$94.3b30x66.6x13.5x
Mon, 20 May 2024US$5.0tUS$444.9bUS$83.4b29.5x60.2x11.3x
Wed, 17 Apr 2024US$4.7tUS$447.5bUS$81.6b28.2x57.9x10.6x
Fri, 15 Mar 2024US$4.9tUS$446.0bUS$78.2b29.6x62.8x11x
Sun, 11 Feb 2024US$4.4tUS$429.4bUS$71.2b29.2x61.1x10.1x
Tue, 09 Jan 2024US$3.5tUS$433.3bUS$69.5b26.4x49.8x8x
Thu, 07 Dec 2023US$3.1tUS$432.2bUS$70.4b24.8x44.4x7.2x
Sat, 04 Nov 2023US$3.0tUS$421.3bUS$62.6b24.3x47.9x7.1x
Mon, 02 Oct 2023US$3.0tUS$428.2bUS$65.8b24.8x44.9x6.9x
Wed, 30 Aug 2023US$3.1tUS$427.7bUS$68.4b26.9x45.6x7.3x
Fri, 28 Jul 2023US$3.1tUS$427.2bUS$66.2b23.3x46.9x7.3x
Sun, 25 Jun 2023US$2.9tUS$434.1bUS$71.9b22.9x40.4x6.7x
Tue, 23 May 2023US$2.5tUS$434.7bUS$70.4b21.2x35.8x5.8x
Thu, 20 Apr 2023US$2.4tUS$443.7bUS$85.6b18.4x27.8x5.4x
Sat, 18 Mar 2023US$2.3tUS$447.4bUS$90.2b18x25.9x5.2x
Price to Earnings Ratio

25.9x


Total Market Cap: US$2.3tTotal 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 43.1x which is lower than its 3-year average PE of 53.5x.
  • The 3-year average PS ratio of 10.6x is lower than the industry's current PS ratio of 12.9x.
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-1.50%
Tech0.60%
Semiconductors-0.14%
Semiconductors0.66%
Semiconductor Equipment-6.87%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 58.8x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 9.2% 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 29.7x.
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
AVGO BroadcomUS$342.589.2%
+US$136.1b		80.2%PE65x
NVDA NVIDIAUS$184.772.6%
+US$114.7b		69.9%PE37.4x
MU Micron TechnologyUS$403.116.2%
+US$26.4b		352.7%PE38.1x
AMD Advanced Micro DevicesUS$203.236.4%
+US$20.0b		110.0%PE77.6x
INTC IntelUS$46.788.5%
+US$18.4b		136.5%PS4.4x

Latest News

MCHP
US$65.00
Microchip Technology
7D
-12.5%
1Y
21.6%
TXN
US$196.20
Texas Instruments
7D
-6.5%
1Y
5.2%
HIMX
US$7.72
Himax Technologies
7D
5.6%
1Y
-10.3%
CRDO
US$115.98
Credo Technology Group Holding
7D
1.5%
1Y
194.0%
NVDA
US$182.65
NVIDIA
7D
0.09%
1Y
70.7%

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ADI
US$319.71
Analog Devices
7D
-5.7%
1Y
52.9%

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MRVL
US$92.65
Marvell Technology
7D
14.6%
1Y
41.1%

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AVGO
US$345.75
Broadcom
7D
8.4%
1Y
87.4%
ARM
US$117.63
Arm Holdings
7D
-5.4%
1Y
1.1%

ARM: Physical AI And Data Center CPUs Will Drive Future Upside

Analysts have nudged their average price target for Arm higher to $148.09 from $147.83, reflecting slightly faster assumed revenue growth and AI driven CPU demand in data centers, partially tempered by more conservative profit margin and P/E assumptions. Analyst Commentary Recent Street research on Arm shows a split between analysts who see more upside tied to AI CPU demand and those who are tightening assumptions around growth, margins and valuation multiples.
ALAB
US$122.31
Astera Labs
7D
1.5%
1Y
98.2%
INTC
US$45.58
Intel
7D
0.2%
1Y
128.7%
AMD
US$202.68
Advanced Micro Devices
7D
2.0%
1Y
109.7%
LRCX
US$211.15
Lam Research
7D
-2.8%
1Y
187.8%

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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.
MU
US$389.32
Micron Technology
7D
-5.7%
1Y
347.1%
KLAC
US$1,429.10
KLA
7D
-6.9%
1Y
110.7%

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.
AMAT
US$338.94
Applied Materials
7D
-8.9%
1Y
126.0%

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

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