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U.S. Semiconductors Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies128
  • 7D-8.7%
  • 3M-2.5%
  • 1Y39.8%
  • YTD-4.5%

Over the last 7 days, the Semiconductors industry has dropped 8.7%, driven by a pullback from NVIDIA of 3.1%. In contrast, Intel has gained 8.9%. This takes the industry's 12 month performance to a gain of 40%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026US$9.1tUS$646.6bUS$178.0b44x50.9x14x
Mon, 05 Jan 2026US$9.0tUS$640.8bUS$176.4b37.3x51x14x
Wed, 03 Dec 2025US$8.8tUS$631.2bUS$166.1b36.2x53.2x14x
Fri, 31 Oct 2025US$9.4tUS$600.1bUS$158.6b37.7x59.1x15.6x
Sun, 28 Sep 2025US$8.2tUS$597.4bUS$136.9b34.9x59.6x13.7x
Tue, 26 Aug 2025US$7.8tUS$573.4bUS$118.6b30.3x65.8x13.6x
Thu, 24 Jul 2025US$7.4tUS$566.9bUS$118.3b28.4x62.6x13.1x
Sat, 21 Jun 2025US$6.6tUS$563.9bUS$116.8b26.6x56.3x11.7x
Mon, 19 May 2025US$6.2tUS$541.9bUS$109.3b23.5x56.3x11.4x
Wed, 16 Apr 2025US$5.0tUS$537.3bUS$108.9b23.2x45.9x9.3x
Fri, 14 Mar 2025US$5.4tUS$536.3bUS$108.3b28.2x49.6x10x
Sun, 09 Feb 2025US$6.1tUS$515.4bUS$96.1b31x63.2x11.8x
Tue, 07 Jan 2025US$6.5tUS$513.5bUS$96.7b31.9x67.1x12.6x
Thu, 05 Dec 2024US$6.1tUS$505.2bUS$92.9b31x66.1x12.2x
Sat, 02 Nov 2024US$6.0tUS$488.6bUS$84.7b29x71x12.3x
Mon, 30 Sep 2024US$5.8tUS$489.3bUS$101.8b29.2x57.3x11.9x
Wed, 28 Aug 2024US$5.8tUS$465.6bUS$94.0b29.6x62x12.5x
Fri, 26 Jul 2024US$5.6tUS$466.8bUS$96.0b26.7x58.3x12x
Sun, 23 Jun 2024US$6.1tUS$464.9bUS$94.3b30x65x13.2x
Tue, 21 May 2024US$5.0tUS$444.9bUS$83.4b29.8x60.2x11.3x
Thu, 18 Apr 2024US$4.6tUS$447.5bUS$81.6b28x56.4x10.3x
Sat, 16 Mar 2024US$4.8tUS$446.0bUS$78.2b30.4x61.4x10.8x
Mon, 12 Feb 2024US$4.4tUS$429.4bUS$71.2b29.2x61.1x10.1x
Wed, 10 Jan 2024US$3.6tUS$433.3bUS$69.5b26.4x52.2x8.4x
Fri, 08 Dec 2023US$3.1tUS$432.3bUS$70.4b24.8x44.4x7.2x
Sun, 05 Nov 2023US$3.0tUS$421.3bUS$62.6b24.3x47.9x7.1x
Tue, 03 Oct 2023US$3.0tUS$428.2bUS$65.8b24.8x44.9x6.9x
Thu, 31 Aug 2023US$3.1tUS$427.7bUS$68.4b27.2x45.9x7.3x
Sat, 29 Jul 2023US$3.1tUS$424.6bUS$68.2b24.3x46.1x7.4x
Mon, 26 Jun 2023US$2.9tUS$434.1bUS$71.9b22.9x40.4x6.7x
Wed, 24 May 2023US$2.5tUS$434.7bUS$70.4b21x35.5x5.7x
Fri, 21 Apr 2023US$2.4tUS$443.5bUS$85.4b18.4x27.6x5.3x
Sun, 19 Mar 2023US$2.3tUS$447.4bUS$90.2b18x25.9x5.2x
Tue, 14 Feb 2023US$2.2tUS$442.5bUS$89.0b18.4x25.2x5.1x
Price to Earnings Ratio

25.2x


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 48.3x which is lower than its 3-year average PE of 52.8x.
  • The 3-year average PS ratio of 10.4x 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 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-2.98%
Tech-6.82%
Semiconductors-8.73%
Semiconductors-8.65%
Semiconductor Equipment-9.45%
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 24.9%, which is higher than its past year's earnings growth of 5.1% 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 28.9x.
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 5.1% 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
INTC IntelUS$50.598.9%
+US$20.6b		164.9%PS4.8x
ARM Arm HoldingsUS$123.7017.4%
+US$19.6b		-23.9%PE164x
TER TeradyneUS$300.1124.5%
+US$9.2b		165.0%PE84.8x
MPWR Monolithic Power SystemsUS$1.23k9.4%
+US$6.0b		70.7%PE97.3x
AVGO BroadcomUS$332.500.4%
+US$5.7b		47.9%PE68.2x

Latest News

MPWR
US$1,229.82
Monolithic Power Systems
7D
9.4%
1Y
70.7%
LRCX
US$231.01
Lam Research
7D
-1.0%
1Y
180.6%
QCOM
US$137.34
QUALCOMM
7D
-9.4%
1Y
-18.2%
ARM
US$123.70
Arm Holdings
7D
17.4%
1Y
-23.9%
INTC
US$50.59
Intel
7D
8.9%
1Y
164.9%
TXN
US$221.44
Texas Instruments
7D
2.7%
1Y
23.0%

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%
AMD
US$208.44
Advanced Micro Devices
7D
-12.0%
1Y
93.8%

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.
AVGO
US$332.50
Broadcom
7D
0.4%
1Y
47.9%

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$300.11
Teradyne
7D
24.5%
1Y
165.0%
RMBS
US$107.10
Rambus
7D
-5.9%
1Y
59.9%
ADI
US$320.45
Analog Devices
7D
3.1%
1Y
56.2%
CRDO
US$111.40
Credo Technology Group Holding
7D
-11.1%
1Y
44.2%

CRDO: Neutral Stances Will Balance AI Scaling Prospects And Execution Risks

Analysts raised their price target on Credo Technology Group Holding by about $45.68 to roughly $117.68 per share, citing updated assumptions for revenue growth, profit margins and future P/E, as well as recent Street research that includes a neutral initiation and a higher target from major firms. Analyst Commentary Recent Street research on Credo Technology Group Holding points to a mixed setup, with some analysts expressing caution even as they update their models and targets.
ALAB
US$169.85
Astera Labs
7D
12.8%
1Y
67.7%

ALAB: AI Infrastructure Roadmap And Margin Profile Will Shape Future Returns

Analysts lifted their fair value estimate for Astera Labs from US$125.73 to US$153.00, pointing to updated expectations for lower future P/E assumptions, a higher long term profit margin profile and a slightly higher discount rate, with Street research highlighting exposure to generative AI and new product ramps alongside differing views on valuation risk. Analyst Commentary Recent Street research on Astera Labs highlights a mix of optimism around generative AI exposure and new product ramps, alongside pockets of caution on valuation and long term execution risks.
MU
US$394.69
Micron Technology
7D
-4.9%
1Y
327.6%

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.
FSLR
US$218.73
First Solar
7D
-3.0%
1Y
29.9%
NVDA
US$185.25
NVIDIA
7D
-3.1%
1Y
42.7%