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

U.S. Semiconductors Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies127
  • 7D-3.5%
  • 3M-1.4%
  • 1Y54.7%
  • YTD0.2%

Over the last 7 days, the Semiconductors industry has dropped 3.5%, driven by NVIDIA declining 4.3%. In contrast, Intel has gained 12%. Over the past 12 months, the industry was up 55%. Looking forward, 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
Wed, 04 Feb 2026US$9.2tUS$642.6bUS$176.9b42.2x52.3x14.4x
Fri, 02 Jan 2026US$8.8tUS$640.8bUS$176.4b35.8x49.8x13.7x
Sun, 30 Nov 2025US$8.8tUS$631.0bUS$166.0b36.1x52.8x13.9x
Tue, 28 Oct 2025US$8.8tUS$599.6bUS$158.5b40.3x55.5x14.7x
Thu, 25 Sep 2025US$8.1tUS$597.4bUS$136.9b34.8x59.4x13.6x
Sat, 23 Aug 2025US$7.6tUS$573.3bUS$118.6b30.1x64.2x13.3x
Mon, 21 Jul 2025US$7.6tUS$566.4bUS$118.3b31.1x64x13.4x
Wed, 18 Jun 2025US$6.6tUS$563.8bUS$116.8b26.8x56.6x11.7x
Fri, 16 May 2025US$6.2tUS$541.4bUS$108.9b23.5x56.8x11.4x
Sun, 13 Apr 2025US$5.0tUS$537.4bUS$108.9b23x45.9x9.3x
Tue, 11 Mar 2025US$5.4tUS$536.2bUS$108.3b28.1x49.6x10x
Thu, 06 Feb 2025US$5.8tUS$513.9bUS$94.9b31.4x61.2x11.3x
Sat, 04 Jan 2025US$6.3tUS$513.5bUS$96.7b31.2x64.9x12.2x
Mon, 02 Dec 2024US$6.0tUS$505.1bUS$93.4b30.2x64.4x11.9x
Wed, 30 Oct 2024US$6.2tUS$489.1bUS$101.3b31x61.7x12.8x
Fri, 27 Sep 2024US$5.8tUS$489.3bUS$101.8b28.8x57.4x11.9x
Sun, 25 Aug 2024US$6.0tUS$466.0bUS$94.2b28.9x63.5x12.8x
Tue, 23 Jul 2024US$5.8tUS$467.9bUS$96.6b27.8x59.8x12.3x
Thu, 20 Jun 2024US$6.5tUS$464.9bUS$94.3b30.2x68.8x14x
Sat, 18 May 2024US$5.1tUS$444.9bUS$83.4b29.5x61x11.4x
Mon, 15 Apr 2024US$4.8tUS$447.5bUS$81.6b28.8x59x10.8x
Wed, 13 Mar 2024US$4.8tUS$446.3bUS$78.2b29.5x61.6x10.8x
Fri, 09 Feb 2024US$4.2tUS$429.5bUS$71.3b29x58.7x9.7x
Sun, 07 Jan 2024US$3.5tUS$433.3bUS$69.5b26.2x49.8x8x
Tue, 05 Dec 2023US$3.2tUS$432.3bUS$70.4b24.8x45.5x7.4x
Thu, 02 Nov 2023US$2.8tUS$424.5bUS$63.9b21x43.4x6.5x
Sat, 30 Sep 2023US$2.9tUS$428.2bUS$65.8b24.7x44.7x6.9x
Mon, 28 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Wed, 26 Jul 2023US$3.1tUS$429.2bUS$67.3b23.5x46.5x7.3x
Fri, 23 Jun 2023US$3.0tUS$434.1bUS$71.9b23.6x41.1x6.8x
Sun, 21 May 2023US$2.5tUS$434.7bUS$70.4b21.1x35.8x5.8x
Tue, 18 Apr 2023US$2.4tUS$443.8bUS$85.6b18.6x27.7x5.3x
Thu, 16 Mar 2023US$2.3tUS$447.3bUS$90.2b17.8x25.1x5.1x
Sat, 11 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 relatively neutral on the American Semiconductor industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 52.8x.
  • The 3-year average PS ratio of 10.3x is lower than the industry's current PS ratio of 14.4x.
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-1.35%
Tech-5.09%
Semiconductors-3.52%
Semiconductors-3.26%
Semiconductor Equipment-5.81%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 58.1x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 8.7% 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 8.7% 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$49.2512.1%
+US$26.6b		155.3%PS4.7x
TXN Texas InstrumentsUS$225.2114.5%
+US$25.9b		24.7%PE40.8x
TER TeradyneUS$282.9818.4%
+US$6.9b		153.4%PE80x
ADI Analog DevicesUS$311.292.5%
+US$3.6b		51.1%PE67.1x
MPWR Monolithic Power SystemsUS$1.16k6.3%
+US$3.3b		77.5%PE29.4x

Latest News

TXN
US$225.21
Texas Instruments
7D
14.5%
1Y
24.7%
AMD
US$242.11
Advanced Micro Devices
7D
-3.9%
1Y
102.6%
INTC
US$49.25
Intel
7D
12.1%
1Y
155.3%
LRCX
US$230.10
Lam Research
7D
-3.5%
1Y
187.9%
TER
US$282.98
Teradyne
7D
18.4%
1Y
153.4%
SMTC
US$87.63
Semtech
7D
10.2%
1Y
32.3%
ADI
US$311.29
Analog Devices
7D
2.5%
1Y
51.1%
MCHP
US$76.66
Microchip Technology
7D
2.0%
1Y
45.7%
ALGM
US$38.89
Allegro MicroSystems
7D
19.1%
1Y
62.4%
AVGO
US$320.33
Broadcom
7D
-3.7%
1Y
44.0%
KLAC
US$1,355.54
KLA
7D
-16.1%
1Y
80.9%

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$419.44
Micron Technology
7D
-3.6%
1Y
348.1%

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$318.67
Applied Materials
7D
-4.2%
1Y
78.5%

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.
MPWR
US$1,164.83
Monolithic Power Systems
7D
6.3%
1Y
77.5%

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Jan 30
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
NVDA
US$180.34
NVIDIA
7D
-4.3%
1Y
52.0%
ARM
US$104.55
Arm Holdings
7D
-9.0%
1Y
-35.5%

ARM: AI Licensing And Royalty Momentum Will Drive Future Upside Potential

Analysts have raised their fair value estimate for Arm Holdings to $215 from $210, citing higher modeled revenue growth, stronger profit margins, and a lower future P/E multiple as they incorporate recent bullish research and more positive views on licensing, royalties, and AI-related demand. Analyst Commentary Recent Street research on Arm Holdings has tilted more positive, with several bullish analysts citing solid execution on licensing and royalties, as well as growing AI related exposure, as reasons for revisiting their valuation work.