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U.S. Semiconductor Equipment Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies39
  • 7D11.0%
  • 3M40.5%
  • 1Y210.2%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 11%, driven by gains from Lam Research of 19%. This takes the industry's 12 month performance to a gain of 210%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026US$1.2tUS$100.4bUS$21.8b55.4x52.9x11.5x
Sat, 04 Apr 2026US$941.2bUS$97.8bUS$20.8b43.8x45.3x9.6x
Mon, 02 Mar 2026US$987.0bUS$97.9bUS$20.8b45.4x47.5x10.1x
Wed, 28 Jan 2026US$904.0bUS$95.9bUS$19.0b50.8x47.5x9.4x
Fri, 26 Dec 2025US$733.3bUS$95.9bUS$19.0b38.8x38.5x7.6x
Sun, 23 Nov 2025US$616.2bUS$95.9bUS$19.0b33.7x32.4x6.4x
Tue, 21 Oct 2025US$620.4bUS$89.4bUS$16.3b33.9x38x6.9x
Thu, 18 Sep 2025US$513.7bUS$89.4bUS$16.3b29.5x31.4x5.7x
Sat, 16 Aug 2025US$496.6bUS$89.6bUS$16.3b26.1x30.5x5.5x
Mon, 14 Jul 2025US$494.9bUS$87.0bUS$15.5b31.5x32x5.7x
Wed, 11 Jun 2025US$433.7bUS$87.0bUS$15.5b26x28x5x
Fri, 09 May 2025US$383.5bUS$86.4bUS$15.1b25.2x25.4x4.4x
Sun, 06 Apr 2025US$317.7bUS$84.8bUS$14.2b22.6x22.4x3.7x
Tue, 04 Mar 2025US$408.5bUS$84.8bUS$14.2b31x28.8x4.8x
Thu, 30 Jan 2025US$424.9bUS$83.2bUS$14.6b34.9x29.1x5.1x
Sat, 28 Dec 2024US$416.8bUS$83.2bUS$14.6b27.6x28.6x5x
Mon, 25 Nov 2024US$417.8bUS$83.2bUS$14.6b28.3x28.6x5x
Wed, 23 Oct 2024US$440.4bUS$82.5bUS$15.6b26x28.3x5.3x
Fri, 20 Sep 2024US$457.3bUS$82.5bUS$15.6b25.4x29.3x5.5x
Sun, 18 Aug 2024US$511.8bUS$83.0bUS$15.8b26.2x32.4x6.2x
Tue, 16 Jul 2024US$592.5bUS$82.8bUS$13.8b34.8x43.1x7.2x
Thu, 13 Jun 2024US$556.1bUS$82.8bUS$13.8b27.5x40.4x6.7x
Sat, 11 May 2024US$503.6bUS$82.8bUS$13.6b32.2x37x6.1x
Mon, 08 Apr 2024US$507.0bUS$84.5bUS$14.2b34.5x35.7x6x
Wed, 06 Mar 2024US$517.6bUS$84.5bUS$14.2b35.3x36.5x6.1x
Fri, 02 Feb 2024US$438.3bUS$88.0bUS$14.9b24.9x29.3x5x
Sun, 31 Dec 2023US$434.6bUS$90.1bUS$15.9b25.8x27.3x4.8x
Tue, 28 Nov 2023US$396.7bUS$90.0bUS$15.9b24.5x24.9x4.4x
Thu, 26 Oct 2023US$338.1bUS$92.3bUS$16.4b22.4x20.6x3.7x
Sat, 23 Sep 2023US$361.5bUS$93.9bUS$17.0b24.8x21.3x3.8x
Mon, 21 Aug 2023US$381.3bUS$93.9bUS$17.0b25x22.5x4.1x
Wed, 19 Jul 2023US$410.1bUS$96.1bUS$20.1b21.6x20.4x4.3x
Fri, 16 Jun 2023US$398.6bUS$96.1bUS$20.1b18.8x19.8x4.1x
Sun, 14 May 2023US$335.3bUS$95.7bUS$20.1b15.2x16.7x3.5x
Price to Earnings Ratio

16.7x


Total Market Cap: US$335.3bTotal Earnings: US$20.1bTotal Revenue: US$95.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Semiconductor Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 52.9x which is higher than its 3-year average PE of 31.5x.
  • The 3-year average PS ratio of 5.8x is lower than the industry's current PS ratio of 11.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 2.7% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Semiconductor Equipment compare with similar industries?

US Market3.19%
Tech6.57%
Semiconductors8.41%
Semiconductor Equipment11.04%
Semiconductors8.14%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LRCX Lam ResearchUS$297.1719.5%
+US$60.6b		295.9%PE55.4x
AMAT Applied MaterialsUS$428.6212.0%
+US$36.5b		175.1%PE43.4x
TER TeradyneUS$382.4811.4%
+US$6.1b		397.8%PE70.1x
AXTI AXTUS$104.8347.5%
+US$2.1b		8,089.8%PS69.6x
MKSI MKSUS$293.7710.7%
+US$1.9b		295.4%PE67x

Latest News

AMAT
US$428.62
Applied Materials
7D
12.0%
1Y
175.1%
SEDG
US$40.61
SolarEdge Technologies
7D
-2.3%
1Y
174.9%
KLAC
US$1,816.29
KLA
7D
0.004%
1Y
161.6%
LRCX
US$297.17
Lam Research
7D
19.5%
1Y
295.9%
ACLS
US$171.00
Axcelis Technologies
7D
28.0%
1Y
194.4%
New Narrative • May 06

Silicon Carbide And AI Memory Demand Will Support Long Term Semiconductor Equipment Upside

Catalysts About Axcelis Technologies Axcelis Technologies supplies ion implantation systems and related aftermarket services used in semiconductor manufacturing. What are the underlying business or industry changes driving this perspective?
AMKR
US$77.22
Amkor Technology
7D
9.4%
1Y
338.3%
AXTI
US$104.83
AXT
7D
47.5%
1Y
8,089.8%
TER
US$382.48
Teradyne
7D
11.4%
1Y
397.8%
Narrative Update • May 04

TER: AI Test Demand And Robotics Expansion Will Shape Balanced Future Earnings Power

Teradyne’s analyst price target has been updated by $62 to reflect fresh research that cites Street price target increases from several firms and modest adjustments to long term growth, profitability, and valuation assumptions by analysts. Analyst Commentary Recent Street research on Teradyne shows a cluster of price target changes and rating moves, with most firms lifting their targets and a smaller group expressing caution around valuation.
MKSI
US$293.77
MKS
7D
10.7%
1Y
295.4%
Narrative Update • Apr 27

MKSI: Wafer Fab Upswing And Refinancing Tailwinds Will Eventually Limit Upside

The analyst price target for MKS has been reset lower to $212.72 from $227.99 as analysts balance stronger revenue growth and profit margin assumptions with a slightly lower future P/E multiple and an updated fair value estimate. Analyst Commentary Recent research on MKS has centered on how to balance a higher fundamental outlook with valuation discipline.
Q
US$149.44
Qnity Electronics
7D
5.8%
1Y
n/a