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U.S. Semiconductors Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies128
  • 7D-9.3%
  • 3M-2.6%
  • 1Y41.3%
  • YTD-4.0%

Over the last 7 days, the Semiconductors industry has dropped 9.3%, driven by NVIDIA declining 9.5%. In the past year, the industry has gained 41%. 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
Thu, 05 Feb 2026US$8.8tUS$645.3bUS$178.0b40.4x49.6x13.7x
Sat, 03 Jan 2026US$8.8tUS$640.8bUS$176.4b37.3x50.1x13.8x
Mon, 01 Dec 2025US$8.8tUS$631.0bUS$166.0b36.1x52.8x13.9x
Wed, 29 Oct 2025US$9.0tUS$599.7bUS$158.5b39.8x57.1x15.1x
Fri, 26 Sep 2025US$8.2tUS$597.4bUS$136.9b34.8x59.7x13.7x
Sun, 24 Aug 2025US$7.8tUS$573.3bUS$118.6b30.1x65.4x13.5x
Tue, 22 Jul 2025US$7.6tUS$566.4bUS$118.3b30.8x64x13.4x
Thu, 19 Jun 2025US$6.6tUS$563.8bUS$116.8b27x56.2x11.6x
Sat, 17 May 2025US$6.2tUS$541.9bUS$109.3b23.5x56.5x11.4x
Mon, 14 Apr 2025US$5.0tUS$537.4bUS$108.9b23x45.9x9.3x
Wed, 12 Mar 2025US$5.1tUS$536.3bUS$108.3b27.5x47.1x9.5x
Fri, 07 Feb 2025US$6.1tUS$515.8bUS$95.2b34.3x64.4x11.9x
Sun, 05 Jan 2025US$6.5tUS$513.5bUS$96.7b31.2x67.1x12.6x
Tue, 03 Dec 2024US$6.0tUS$505.0bUS$93.4b31.1x64.4x11.9x
Thu, 31 Oct 2024US$6.3tUS$490.2bUS$101.7b29.5x61.8x12.8x
Sat, 28 Sep 2024US$5.9tUS$489.3bUS$101.8b29.2x57.5x12x
Mon, 26 Aug 2024US$6.0tUS$466.0bUS$94.2b28.9x63.5x12.8x
Wed, 24 Jul 2024US$6.0tUS$467.9bUS$96.6b28x61.9x12.8x
Fri, 21 Jun 2024US$6.5tUS$464.9bUS$94.3b30.6x68.8x14x
Sun, 19 May 2024US$5.0tUS$444.9bUS$83.4b29.5x60.2x11.3x
Tue, 16 Apr 2024US$4.8tUS$447.5bUS$81.6b28.3x59x10.8x
Thu, 14 Mar 2024US$5.0tUS$446.3bUS$78.2b29.4x63.7x11.2x
Sat, 10 Feb 2024US$4.4tUS$429.5bUS$71.3b29.2x61x10.1x
Mon, 08 Jan 2024US$3.5tUS$433.3bUS$69.5b26.2x49.8x8x
Wed, 06 Dec 2023US$3.2tUS$432.2bUS$70.4b24.8x44.8x7.3x
Fri, 03 Nov 2023US$2.9tUS$421.4bUS$62.6b22.2x45.6x6.8x
Sun, 01 Oct 2023US$3.0tUS$428.2bUS$65.8b24.8x44.9x6.9x
Tue, 29 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Thu, 27 Jul 2023US$3.1tUS$428.4bUS$66.7b23.3x46.9x7.3x
Sat, 24 Jun 2023US$2.9tUS$434.1bUS$71.9b22.9x40.4x6.7x
Mon, 22 May 2023US$2.5tUS$434.7bUS$70.4b21.1x35.8x5.8x
Wed, 19 Apr 2023US$2.4tUS$443.8bUS$85.6b18.5x27.9x5.4x
Fri, 17 Mar 2023US$2.4tUS$447.4bUS$90.2b18.4x26.1x5.3x
Sun, 12 Feb 2023US$2.2tUS$442.5bUS$89.0b19x24.7x5x
Price to Earnings Ratio

24.7x


Total Market Cap: US$2.2tTotal Earnings: US$89.0bTotal Revenue: US$442.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 52.8x202420252026
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 49.6x which is lower than its 3-year average PE of 52.8x.
  • The 3-year average PS ratio of 10.3x is lower than the industry's current PS ratio of 13.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 26% 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 Market-1.46%
Tech-6.07%
Semiconductors-9.27%
Semiconductors-8.91%
Semiconductor Equipment-12.38%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 58.1x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings growth of 12.2% 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 28.8x.
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 12% 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
TXN Texas InstrumentsUS$222.923.1%
+US$6.1b		22.8%PE40.4x
TER TeradyneUS$269.077.4%
+US$2.9b		138.9%PE76.1x
SLAB Silicon LaboratoriesUS$203.4141.0%
+US$1.9b		36.5%PS8.5x
ENPH Enphase EnergyUS$51.6727.7%
+US$1.5b		-20.8%PE39.3x
ADI Analog DevicesUS$320.440.9%
+US$1.4b		52.7%PE69.1x

Latest News

TXN
US$222.92
Texas Instruments
7D
3.1%
1Y
22.8%

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%
SLAB
US$203.41
Silicon Laboratories
7D
41.0%
1Y
36.5%
SWKS
US$59.00
Skyworks Solutions
7D
5.8%
1Y
-10.1%
SIMO
US$128.37
Silicon Motion Technology
7D
9.6%
1Y
126.7%
ENPH
US$51.67
Enphase Energy
7D
27.7%
1Y
-20.8%
AMD
US$200.19
Advanced Micro Devices
7D
-20.8%
1Y
78.7%

AMD: AI Data Center Demand Will Drive Long-Term Earnings Power

Analysts have raised their price targets on Advanced Micro Devices by up to $30, citing healthy server demand, confidence in the AI accelerator roadmap, and updated assumptions for growth, margins, and a higher future P/E multiple in their models. Analyst Commentary Recent research on Advanced Micro Devices has tilted clearly constructive, with several bullish analysts revisiting their models and assumptions around AI, servers, and long term earnings power.
LRCX
US$209.78
Lam Research
7D
-12.4%
1Y
156.0%

LRCX: Anticipated Wafer Fab Equipment Upswing May Reshape Memory Demand Outlook

Our analyst price target for Lam Research shifts to US$325 from US$135, reflecting updated assumptions for revenue growth, higher profit margins and a richer future P/E multiple that are broadly aligned with a recent wave of higher Street targets and more constructive analyst commentary on wafer fab equipment spending. Analyst Commentary Street research on Lam Research has turned more constructive, with a cluster of recent price target increases and several upgrades.
AVGO
US$308.05
Broadcom
7D
-7.6%
1Y
32.8%

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.
TER
US$269.07
Teradyne
7D
7.4%
1Y
138.9%
ADI
US$320.44
Analog Devices
7D
0.9%
1Y
52.7%
ALGM
US$38.20
Allegro MicroSystems
7D
10.6%
1Y
55.2%
MRVL
US$73.73
Marvell Technology
7D
-11.8%
1Y
-36.7%
KLAC
US$1,307.22
KLA
7D
-19.7%
1Y
72.2%

KLAC: AI And DRAM Upswing Will Eventually Expose Rich P E Risk

Analysts have lifted their fair value estimate for KLA to US$1,280 from about US$1,083, citing stronger modeled revenue growth, expectations for a higher future P/E and ongoing support from a broad series of recent price target increases across Wall Street research. Analyst Commentary Recent Street research on KLA has been active, with a wide range of price target changes and a mix of upbeat and more guarded opinions.
MU
US$379.40
Micron Technology
7D
-12.9%
1Y
301.3%

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.
AMAT
US$297.60
Applied Materials
7D
-11.6%
1Y
64.7%

AMAT: Future Multiple Compression Will Likely Follow Aggressive Wafer Equipment Spending Cycle

Our analyst fair value estimate for Applied Materials has moved up by $10 to $190 per share, reflecting updated assumptions on revenue growth, profitability, and long-term P/E, in line with the series of recent price target hikes and upgrades from Street analysts. Analyst Commentary Recent Street research on Applied Materials has been dominated by higher price targets, fresh initiations with constructive views, and several upgrades.
NVDA
US$174.19
NVIDIA
7D
-9.5%
1Y
35.4%