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U.S. Semiconductor Equipment Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies39
  • 7D-4.4%
  • 3M-14.2%
  • 1Y159.6%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 4.4%, driven by declines in Applied Materials and Lam Research of 4.5% and 4.2%, respectively. On the other hand SolarEdge Technologies is actually up 7.0%. Over the past 12 months, the industry was up 160%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026US$1.2tUS$108.0bUS$25.0b47.5x47.1x10.9x
Fri, 31 Jul 2026US$1.1tUS$104.8bUS$23.8b59.7x47.8x10.8x
Sun, 28 Jun 2026US$1.6tUS$101.7bUS$22.6b80.1x69.8x15.5x
Tue, 26 May 2026US$1.2tUS$101.7bUS$22.5b65.7x54.3x12x
Thu, 23 Apr 2026US$1.1tUS$97.8bUS$20.8b52.7x53.5x11.4x
Sat, 21 Mar 2026US$966.7bUS$97.8bUS$20.8b44.5x46.5x9.9x
Mon, 16 Feb 2026US$963.2bUS$97.5bUS$20.7b42.1x46.6x9.9x
Wed, 14 Jan 2026US$866.5bUS$95.9bUS$19.0b45.5x45.5x9x
Fri, 12 Dec 2025US$736.3bUS$95.9bUS$19.0b39x38.7x7.7x
Sun, 09 Nov 2025US$669.9bUS$96.0bUS$18.9b37x35.4x7x
Tue, 07 Oct 2025US$607.8bUS$89.4bUS$16.3b35.1x37.2x6.8x
Thu, 04 Sep 2025US$444.6bUS$89.4bUS$16.3b25.7x27.2x5x
Sat, 02 Aug 2025US$461.4bUS$87.6bUS$15.5b26.8x29.7x5.3x
Mon, 30 Jun 2025US$467.5bUS$87.0bUS$15.5b28.1x30.2x5.4x
Wed, 28 May 2025US$397.3bUS$87.0bUS$15.5b23.3x25.6x4.6x
Fri, 25 Apr 2025US$355.0bUS$85.9bUS$14.6b26.5x24.3x4.1x
Sun, 23 Mar 2025US$395.0bUS$84.8bUS$14.2b30.3x27.8x4.7x
Tue, 18 Feb 2025US$439.0bUS$85.1bUS$14.5b35x30.2x5.2x
Thu, 16 Jan 2025US$432.0bUS$83.2bUS$14.6b35.3x29.6x5.2x
Sat, 14 Dec 2024US$421.0bUS$83.2bUS$14.6b28x28.8x5.1x
Mon, 11 Nov 2024US$448.3bUS$82.9bUS$14.9b30x30.2x5.4x
Wed, 09 Oct 2024US$483.8bUS$82.5bUS$15.6b26.4x31x5.9x
Fri, 06 Sep 2024US$457.2bUS$82.5bUS$15.6b25.3x29.3x5.5x
Sun, 04 Aug 2024US$445.1bUS$83.3bUS$14.0b25.6x31.9x5.3x
Tue, 02 Jul 2024US$572.1bUS$82.8bUS$13.8b32.7x41.6x6.9x
Thu, 30 May 2024US$543.1bUS$82.8bUS$13.8b27.4x39.5x6.6x
Sat, 27 Apr 2024US$498.5bUS$83.9bUS$14.1b35.1x35.5x5.9x
Mon, 25 Mar 2024US$515.3bUS$84.5bUS$14.2b35.5x36.3x6.1x
Wed, 21 Feb 2024US$476.1bUS$85.5bUS$14.7b32.6x32.4x5.6x
Fri, 19 Jan 2024US$427.5bUS$90.1bUS$15.9b25.1x26.9x4.7x
Sun, 17 Dec 2023US$431.2bUS$90.1bUS$15.9b25.7x27.1x4.8x
Tue, 14 Nov 2023US$378.2bUS$90.2bUS$15.5b23.7x24.3x4.2x
Thu, 12 Oct 2023US$377.6bUS$93.9bUS$17.0b24.8x22.3x4x
Sat, 09 Sep 2023US$391.8bUS$93.9bUS$17.0b25.2x23.1x4.2x
Price to Earnings Ratio

23.1x


Total Market Cap: US$391.8bTotal Earnings: US$17.0bTotal Revenue: US$93.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 35.6x202420252026
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 47.1x which is higher than its 3-year average PE of 35.6x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 10.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market0.071%
Tech2.90%
Semiconductors1.72%
Semiconductor Equipment-4.41%
Semiconductors2.42%
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
SEDG SolarEdge TechnologiesUS$32.498.7%
+US$160.6m		3.0%PS1.5x
ASYS Amtech SystemsUS$14.521.9%
+US$4.7m		145.1%PE63.6x

Latest News

TER
US$335.46
Teradyne
7D
-8.5%
1Y
178.1%
LRCX
US$290.20
Lam Research
7D
-7.8%
1Y
199.1%
Q
US$115.49
Qnity Electronics
7D
-8.8%
1Y
n/a
ONTO
US$256.37
Onto Innovation
7D
-12.1%
1Y
146.7%
Seeking Alpha • Aug 29

Onto Innovation: AI's Next Bottleneck Is Yield

Summary Onto Innovation is rated Buy, supported by robust process-control demand in advanced semiconductor packaging and expanding product breadth. ONTO's Q2 revenue rose 35% YoY to $343M, with non-GAAP operating margin at 30% and EPS at $1.93; management guides for accelerating growth in H2. Backlog conversion, Dragonfly G5 adoption, and integration of Semilab USA and Rigaku partnerships are key to sustaining above-market earnings growth. At ~$292, ONTO trades at a slight premium to historical multiples, leaving limited margin for execution errors but offering ~20% upside to $350 fair value. Read the full article on Seeking Alpha
AMAT
US$441.85
Applied Materials
7D
-8.0%
1Y
180.4%
KLAC
US$170.89
KLA
7D
-6.8%
1Y
101.9%
Seeking Alpha • Aug 25

KLA Corporation: Buy The 2027+ Double Tailwind

Summary KLA Corporation is rated 'Buy' after a sharp selloff, with fundamentals and 2027 outlook improving despite high market expectations. KLAC delivered record Q4 revenue of $3.66B (+15.2% Y/Y) and strong free cash flow, supporting robust buybacks and dividend growth. Management projects 2027 as an inflection year, driven by 1D DRAM/1.4nm process intensity and easing memory cost headwinds. KLAC trades at ~32x forward P/E, with FY2027E revenue/EPS growth rates of ~33%/~45%, and benefits from industry-wide WFE growth. Read the full article on Seeking Alpha
ASYS
US$14.52
Amtech Systems
7D
1.9%
1Y
145.1%
MKSI
US$246.44
MKS
7D
-8.9%
1Y
141.7%
ENTG
US$129.51
Entegris
7D
-6.7%
1Y
58.1%
SEDG
US$32.49
SolarEdge Technologies
7D
8.7%
1Y
3.0%
Narrative Update • Aug 20

SEDG: Potential Inverter Ban Will Drive Future Repricing

Analysts have trimmed their average price targets for SolarEdge Technologies, reflecting weaker U.S. solar demand, softer revenue guidance, and slower margin improvement, even as some still point to European demand and potential policy support as partial offsets. Analyst Commentary Recent research updates show a wide range of views on SolarEdge Technologies, with several bullish analysts still pointing to potential upside drivers despite weaker U.S. solar demand and cautious guidance.