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

U.S. Semiconductor Equipment Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies38
  • 7D-1.2%
  • 3M35.1%
  • 1Y65.1%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 1.2%, driven by a pullback from Applied Materials of 3.3%. Over the past 12 months, the industry was up 65%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025US$699.1bUS$95.9bUS$19.0b37.2x36.7x7.3x
Tue, 11 Nov 2025US$670.9bUS$96.0bUS$18.9b37.8x35.5x7x
Thu, 09 Oct 2025US$589.6bUS$89.4bUS$16.3b33.5x36.1x6.6x
Sat, 06 Sep 2025US$453.1bUS$89.4bUS$16.3b26.6x27.7x5.1x
Mon, 04 Aug 2025US$462.6bUS$88.9bUS$16.2b25.5x28.5x5.2x
Wed, 02 Jul 2025US$467.5bUS$87.0bUS$15.5b28x30.2x5.4x
Fri, 30 May 2025US$408.3bUS$87.0bUS$15.5b23.8x26.4x4.7x
Sun, 27 Apr 2025US$377.0bUS$85.9bUS$14.6b26.5x25.8x4.4x
Tue, 25 Mar 2025US$395.1bUS$84.8bUS$14.2b31.1x27.8x4.7x
Thu, 20 Feb 2025US$439.0bUS$85.1bUS$14.5b34.7x30.2x5.2x
Sat, 18 Jan 2025US$457.2bUS$83.2bUS$14.6b36.4x31.3x5.5x
Mon, 16 Dec 2024US$421.6bUS$83.2bUS$14.6b28x28.9x5.1x
Wed, 13 Nov 2024US$438.6bUS$82.9bUS$14.9b28.3x29.5x5.3x
Fri, 11 Oct 2024US$494.1bUS$82.5bUS$15.6b27.3x31.7x6x
Sun, 08 Sep 2024US$436.9bUS$82.5bUS$15.6b24.9x28x5.3x
Tue, 06 Aug 2024US$445.1bUS$83.3bUS$14.0b25.2x31.9x5.3x
Thu, 04 Jul 2024US$587.3bUS$82.8bUS$13.8b33.4x42.7x7.1x
Sat, 01 Jun 2024US$532.9bUS$82.8bUS$13.8b28x38.7x6.4x
Mon, 29 Apr 2024US$498.1bUS$83.9bUS$14.1b35x35.4x5.9x
Wed, 27 Mar 2024US$510.6bUS$84.5bUS$14.2b34.1x36x6x
Fri, 23 Feb 2024US$475.7bUS$84.9bUS$14.5b34.5x32.8x5.6x
Sun, 21 Jan 2024US$434.3bUS$90.1bUS$15.9b25.1x27.3x4.8x
Tue, 19 Dec 2023US$431.2bUS$90.1bUS$15.9b25.4x27.1x4.8x
Thu, 16 Nov 2023US$392.8bUS$90.2bUS$15.5b25.1x25.3x4.4x
Sat, 14 Oct 2023US$374.3bUS$93.9bUS$17.0b24.8x22.1x4x
Mon, 11 Sep 2023US$389.3bUS$93.9bUS$17.0b25.2x22.9x4.1x
Wed, 09 Aug 2023US$402.4bUS$94.4bUS$17.2b23.1x23.4x4.3x
Fri, 07 Jul 2023US$388.7bUS$96.1bUS$20.1b18.8x19.3x4x
Sun, 04 Jun 2023US$384.8bUS$96.1bUS$20.1b17.9x19.1x4x
Tue, 02 May 2023US$327.6bUS$95.5bUS$20.6b14.9x15.9x3.4x
Thu, 30 Mar 2023US$346.5bUS$96.1bUS$21.2b16.5x16.3x3.6x
Sat, 25 Feb 2023US$331.3bUS$95.3bUS$21.1b14.9x15.7x3.5x
Mon, 23 Jan 2023US$337.5bUS$92.3bUS$20.7b17.2x16.3x3.7x
Wed, 21 Dec 2022US$326.3bUS$92.3bUS$20.7b14.9x15.8x3.5x
Price to Earnings Ratio

15.8x


Total Market Cap: US$326.3bTotal Earnings: US$20.7bTotal Revenue: US$92.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 27.5x202320242025
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 38.5x which is higher than its 3-year average PE of 27.5x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 7.6x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 2.7% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market-0.59%
Tech-2.39%
Semiconductors-4.39%
Semiconductor Equipment-1.21%
Semiconductors-4.66%
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$160.521.1%
+US$2.3b		110.5%PE34.7x
PLAB PhotronicsUS$36.3150.4%
+US$717.5m		37.1%PE15.7x
ENTG EntegrisUS$92.553.8%
+US$515.4m		-13.2%PE48.6x
AMKR Amkor TechnologyUS$44.312.5%
+US$267.0m		67.0%PE35.6x
ACMR ACM ResearchUS$38.8310.6%
+US$242.0m		149.1%PE21.5x

Latest News

AMAT
US$259.21
Applied Materials
7D
-3.3%
1Y
53.1%
PLAB
US$36.31
Photronics
7D
50.4%
1Y
37.1%
AMKR
US$44.31
Amkor Technology
7D
2.5%
1Y
67.0%
ACMR
US$38.83
ACM Research
7D
10.6%
1Y
149.1%

ACMR: China Tools And New Platforms Will Drive Resilient Yet Measured Outlook

Analysts have trimmed their price target on ACM Research to $40 from $50 as they balance confidence in a Q3 demand recovery and mid to high teens revenue growth with caution around near term margin headwinds and modestly lower estimates. Analyst Commentary Street research on ACM Research reflects a generally constructive view on the companys growth and execution, tempered by a more conservative stance on near term profitability and risk.
ENPH
US$32.18
Enphase Energy
7D
3.0%
1Y
-56.4%

ENPH: Residential Solar Recovery And Cash Flow Visibility Will Drive Future Upside

Analysts slightly trimmed their blended price target on Enphase Energy by about $1 to the mid $30s, as cautious views on continued revenue contraction and modestly lower profit expectations offset incremental optimism from select firms citing improving conditions in residential solar. Analyst Commentary Recent research updates highlight a divided but slowly improving sentiment around Enphase, with modest target changes reflecting balancing views on execution risk and recovery potential in residential solar.
TER
US$193.37
Teradyne
7D
-3.7%
1Y
56.9%

TER: AI Test Demand And Robotics Expansion Will Drive Measured Upside Through 2027

Analysts have lifted their fair value estimate for Teradyne from $184.69 to $192.38, citing stronger multiyear AI testing demand, improving revenue growth and margins, and higher expected future earnings power reflected in a richer forward P E multiple. Analyst Commentary Recent Street research updates point to a sharp improvement in sentiment around Teradyne, with multiple firms raising price targets and, in some cases, upgrading ratings as AI driven test demand and Industrial Automation momentum become more visible through 2026 and beyond.
Q
US$78.94
Qnity Electronics
7D
-3.8%
1Y
n/a
ENTG
US$92.55
Entegris
7D
3.8%
1Y
-13.2%

ENTG: AI Materials Demand And New U.S. Facility Will Drive Upside

Analysts have modestly trimmed their price target on Entegris by about $1 to roughly $100 per share, citing slightly lower assumed discount rates and a marginally less demanding future P E multiple, while leaving long term growth and margin expectations intact. Analyst Commentary Recent commentary on the sector highlights Entegris as one of only a few pure play electronic chemicals and materials providers, a positioning that investors increasingly view as strategically valuable as semiconductor capital spending and AI related demand scale up.
ACLS
US$85.61
Axcelis Technologies
7D
-5.7%
1Y
13.7%

Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Shareholders Might Be Looking For Exit

Dec 06
Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Shareholders Might Be Looking For Exit
DQ
US$32.26
Daqo New Energy
7D
3.2%
1Y
75.4%
AXTI
US$14.81
AXT
7D
27.9%
1Y
541.1%
LRCX
US$160.52
Lam Research
7D
1.1%
1Y
110.5%

LRCX: AI Memory And WFE Upswing Will Drive Balanced Future Returns

Analysts have nudged our Lam Research fair value estimate higher, from $158.52 to $160.30. This reflects increased confidence in the companys record profitability, sustained beat and raise cadence, and strengthening AI driven WFE demand despite some valuation pushback.
NVMI
US$315.84
Nova
7D
-2.7%
1Y
67.7%

NVMI: Increased DRAM Fab Spending Will Strengthen Upcoming AI Market Position

Nova's analyst price target has been raised from $300 to $390. This change reflects an improved outlook and increased optimism among analysts following recent industry discussions and signs of stronger demand in the AI and DRAM sectors.
KLAC
US$1,193.92
KLA
7D
-1.7%
1Y
82.6%

KLAC: AI And DRAM Investment Cycles Will Balance Market Uncertainties Ahead

Analysts have raised their price targets for KLA, citing strong quarterly results, an improved outlook for artificial intelligence demand, and the company's dominant market position. Recent targets have moved from $1,093 to as high as $1,300.
MKSI
US$155.77
MKS
7D
-4.4%
1Y
38.4%

MKSI: Momentum In Wafer Equipment Investment Will Drive Upside Through 2026

The analyst price target for MKS has increased significantly, rising to a range of $168 to $175, as analysts cite strong recent performance, growing momentum in wafer fab equipment spending, and optimistic outlooks for the company's core businesses. Analyst Commentary Recent research updates reveal that sentiment surrounding MKS remains broadly positive, with several new price target increases highlighting the company's execution and growth prospects.
CAMT
US$111.95
Camtek
7D
-4.4%
1Y
49.5%

CAMT: Demand For Advanced Packaging Will Accelerate In Second Half Of 2026

The average analyst price target for Camtek has been revised downward to approximately $128. This reflects a modest decrease, as analysts point to near-term softness in demand for back-end inspection equipment and a recovery that is expected to be weighted toward the later part of 2026.