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U.S. Semiconductors Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies130
  • 7D-3.2%
  • 3M-6.0%
  • 1Y65.5%
  • YTD-6.3%

Over the last 7 days, the Semiconductors industry has dropped 3.2%, driven by NVIDIA declining 3.0%. On the other hand Arm Holdings is actually up 8.9%. This takes the industry's 12 month performance to a gain of 66%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026US$8.5tUS$697.5bUS$215.5b38.2x39.5x12.2x
Mon, 23 Feb 2026US$9.4tUS$647.8bUS$180.1b43x52.1x14.5x
Wed, 21 Jan 2026US$8.9tUS$640.8bUS$176.4b42.2x50.7x14x
Fri, 19 Dec 2025US$8.2tUS$640.7bUS$176.4b36.1x46.3x12.8x
Sun, 16 Nov 2025US$8.8tUS$610.3bUS$153.3b34.7x57.2x14.4x
Tue, 14 Oct 2025US$8.3tUS$597.4bUS$137.3b35.5x60.6x13.9x
Thu, 11 Sep 2025US$7.9tUS$593.8bUS$134.6b33.4x58.9x13.3x
Sat, 09 Aug 2025US$7.9tUS$572.2bUS$118.3b29.1x66.4x13.7x
Mon, 07 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.9x12.7x
Wed, 04 Jun 2025US$6.3tUS$561.3bUS$113.9b25.7x55.4x11.2x
Fri, 02 May 2025US$5.1tUS$539.3bUS$109.4b20.6x46.5x9.4x
Sun, 30 Mar 2025US$5.1tUS$537.3bUS$108.9b24.8x46.6x9.4x
Tue, 25 Feb 2025US$6.2tUS$515.3bUS$93.8b32.2x66.1x12x
Thu, 23 Jan 2025US$6.5tUS$513.6bUS$96.7b33.2x67.6x12.7x
Sat, 21 Dec 2024US$6.0tUS$513.5bUS$96.7b29.1x61.9x11.7x
Mon, 18 Nov 2024US$6.1tUS$488.4bUS$83.4b30.5x72.8x12.4x
Wed, 16 Oct 2024US$6.0tUS$489.1bUS$101.8b28.5x59.3x12.3x
Fri, 13 Sep 2024US$5.5tUS$485.4bUS$99.5b27x55.6x11.4x
Sun, 11 Aug 2024US$5.1tUS$467.2bUS$94.7b26.6x54x10.9x
Tue, 09 Jul 2024US$6.2tUS$467.9bUS$96.6b31.2x64.7x13.4x
Thu, 06 Jun 2024US$5.6tUS$461.2bUS$95.7b30x58.5x12.1x
Sat, 04 May 2024US$4.7tUS$446.9bUS$84.0b27.4x56.2x10.6x
Mon, 01 Apr 2024US$5.0tUS$447.4bUS$81.7b29.2x60.6x11.1x
Wed, 28 Feb 2024US$4.6tUS$443.5bUS$81.1b31.1x56.4x10.3x
Fri, 26 Jan 2024US$4.1tUS$431.1bUS$68.4b28.2x59.4x9.4x
Sun, 24 Dec 2023US$3.6tUS$433.3bUS$69.5b27.4x51.5x8.3x
Tue, 21 Nov 2023US$3.3tUS$420.6bUS$62.5b24.5x52.3x7.8x
Thu, 19 Oct 2023US$2.9tUS$427.9bUS$65.8b24.8x44.5x6.8x
Sat, 16 Sep 2023US$3.1tUS$430.8bUS$68.7b25.9x44.8x7.1x
Mon, 14 Aug 2023US$2.9tUS$419.7bUS$62.9b25.1x45.9x6.9x
Wed, 12 Jul 2023US$3.0tUS$429.1bUS$67.3b23.3x44.5x7x
Fri, 09 Jun 2023US$2.8tUS$434.3bUS$71.9b23.4x39.5x6.5x
Sun, 07 May 2023US$2.4tUS$434.2bUS$70.7b19.1x33.3x5.4x
Tue, 04 Apr 2023US$2.5tUS$443.8bUS$85.6b18.6x28.7x5.5x
Price to Earnings Ratio

28.7x


Total Market Cap: US$2.5tTotal Earnings: US$85.6bTotal Revenue: US$443.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 53.8x202420252026
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 39.5x which is lower than its 3-year average PE of 53.8x.
  • The 3-year average PS ratio of 10.7x is lower than the industry's current PS ratio of 12.2x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 16% 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-1.92%
Tech-3.49%
Semiconductors-3.18%
Semiconductors-3.00%
Semiconductor Equipment-4.61%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 18.6%, 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 59.0x.
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 7.6% per year.
  • In contrast, the Semiconductor Equipment 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
ARM Arm HoldingsUS$144.138.9%
+US$12.5b		33.7%PE191.1x
MRVL Marvell TechnologyUS$94.887.9%
+US$6.1b		52.9%PE31.1x
TXN Texas InstrumentsUS$190.331.7%
+US$2.9b		7.9%PE34.8x
AMD Advanced Micro DevicesUS$201.990.3%
+US$1.1b		95.7%PE77.1x
TSEM Tower SemiconductorUS$171.925.1%
+US$932.9m		385.2%PE87.8x

Latest News

AVGO
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Broadcom
7D
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1Y
77.8%
TSEM
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Tower Semiconductor
7D
5.1%
1Y
385.2%

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ARM
US$144.13
Arm Holdings
7D
8.9%
1Y
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NVDA
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NVIDIA
7D
-3.0%
1Y
52.7%
AMD
US$201.99
Advanced Micro Devices
7D
0.3%
1Y
95.7%
MU
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7D
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1Y
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TXN
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Texas Instruments
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1Y
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1Y
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Teradyne
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1Y
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MRVL
US$94.88
Marvell Technology
7D
7.9%
1Y
52.9%

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QCOM
US$127.11
QUALCOMM
7D
-2.1%
1Y
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AMAT
US$337.17
Applied Materials
7D
-5.6%
1Y
132.4%
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Intel
7D
-1.7%
1Y
89.9%

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KLAC
US$1,443.21
KLA
7D
-3.7%
1Y
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Q
US$111.76
Qnity Electronics
7D
3.9%
1Y
n/a