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U.S. Semiconductor Equipment Industry Analysis

UpdatedMay 17, 2026
DataAggregated Company Financials
Companies39
  • 7D-2.2%
  • 3M22.9%
  • 1Y178.4%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 2.2%, driven by a pullback from Lam Research of 3.2%. Meanwhile, Enphase Energy actually outperformed within the industry, gaining 45% in the last week. This takes the industry's 12 month performance to a gain of 178%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 May 2026US$1.2tUS$101.7bUS$22.5b61.9x52.6x11.7x
Tue, 14 Apr 2026US$1.1tUS$97.8bUS$20.8b52.3x52.7x11.2x
Thu, 12 Mar 2026US$920.2bUS$97.8bUS$20.8b43.1x44.3x9.4x
Sat, 07 Feb 2026US$869.8bUS$97.4bUS$19.8b41.5x43.9x8.9x
Mon, 05 Jan 2026US$754.3bUS$95.9bUS$19.0b39.8x39.6x7.9x
Wed, 03 Dec 2025US$696.4bUS$95.9bUS$19.0b36.2x36.6x7.3x
Fri, 31 Oct 2025US$681.6bUS$91.2bUS$17.0b34.8x40.1x7.5x
Sun, 28 Sep 2025US$564.0bUS$89.4bUS$16.3b30.6x34.5x6.3x
Tue, 26 Aug 2025US$457.3bUS$89.6bUS$16.3b27.5x28x5.1x
Thu, 24 Jul 2025US$476.9bUS$87.1bUS$15.5b27.3x30.8x5.5x
Sat, 21 Jun 2025US$444.9bUS$87.0bUS$15.5b25.6x28.7x5.1x
Mon, 19 May 2025US$420.1bUS$87.0bUS$15.5b23.3x27.1x4.8x
Wed, 16 Apr 2025US$360.8bUS$84.9bUS$14.2b24.7x25.4x4.3x
Fri, 14 Mar 2025US$389.5bUS$84.8bUS$14.2b28.5x27.4x4.6x
Sun, 09 Feb 2025US$447.8bUS$84.7bUS$15.2b36.7x29.4x5.3x
Tue, 07 Jan 2025US$422.8bUS$83.2bUS$14.6b33.8x29x5.1x
Thu, 05 Dec 2024US$439.4bUS$83.2bUS$14.6b28.8x30.1x5.3x
Sat, 02 Nov 2024US$431.3bUS$83.4bUS$15.9b24.1x27.1x5.2x
Mon, 30 Sep 2024US$494.5bUS$82.5bUS$15.6b25.5x31.7x6x
Wed, 28 Aug 2024US$491.2bUS$82.5bUS$15.6b26.2x31.5x6x
Fri, 26 Jul 2024US$513.2bUS$82.6bUS$13.8b28.8x37.1x6.2x
Sun, 23 Jun 2024US$568.2bUS$82.8bUS$13.8b27.2x41.3x6.9x
Tue, 21 May 2024US$516.7bUS$82.8bUS$13.8b28.5x37.5x6.2x
Thu, 18 Apr 2024US$483.9bUS$84.5bUS$14.2b33.8x34.1x5.7x
Sat, 16 Mar 2024US$493.7bUS$84.5bUS$14.2b33.7x34.8x5.8x
Mon, 12 Feb 2024US$474.5bUS$85.8bUS$14.5b31.5x32.6x5.5x
Wed, 10 Jan 2024US$410.4bUS$90.1bUS$15.9b24.9x25.8x4.6x
Fri, 08 Dec 2023US$385.8bUS$90.0bUS$15.9b24.8x24.2x4.3x
Sun, 05 Nov 2023US$359.1bUS$90.3bUS$15.6b21.9x23x4x
Tue, 03 Oct 2023US$367.7bUS$93.9bUS$16.9b24.8x21.7x3.9x
Thu, 31 Aug 2023US$402.4bUS$93.9bUS$17.0b27.3x23.7x4.3x
Sat, 29 Jul 2023US$408.1bUS$94.4bUS$19.6b22.2x20.8x4.3x
Mon, 26 Jun 2023US$379.8bUS$96.1bUS$20.1b18x18.9x4x
Wed, 24 May 2023US$358.3bUS$96.1bUS$20.1b16.2x17.8x3.7x
Price to Earnings Ratio

17.8x


Total Market Cap: US$358.3bTotal Earnings: US$20.1bTotal Revenue: US$96.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.8x202420252026
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 52.6x which is higher than its 3-year average PE of 31.8x.
  • The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 11.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 3.9% 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 Market-0.34%
Tech0.95%
Semiconductors0.35%
Semiconductor Equipment-2.18%
Semiconductors0.63%
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
ENPH Enphase EnergyUS$52.8945.1%
+US$2.2b		4.9%PE51.6x
Q Qnity ElectronicsUS$157.236.7%
+US$2.1b		n/aPE50.6x
SEDG SolarEdge TechnologiesUS$61.7649.5%
+US$1.2b		180.5%PS2.9x
AMAT Applied MaterialsUS$436.620.3%
+US$936.5m		163.7%PE40.7x
AXTI AXTUS$123.786.4%
+US$472.3m		8,207.4%PS82.2x

Latest News

ACMR
US$63.67
ACM Research
7D
6.4%
1Y
168.3%
AMAT
US$436.62
Applied Materials
7D
0.3%
1Y
163.7%
Analysis Article • 3h

Applied Materials, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

As you might know, Applied Materials, Inc. ( NASDAQ:AMAT ) just kicked off its latest quarterly results with some very...
AEHR
US$99.50
Aehr Test Systems
7D
2.3%
1Y
971.0%
FORM
US$126.27
FormFactor
7D
-14.6%
1Y
293.9%
SEDG
US$61.76
SolarEdge Technologies
7D
49.5%
1Y
180.5%
ENTG
US$133.07
Entegris
7D
-10.8%
1Y
70.1%
TRT
US$20.05
Trio-Tech International
7D
62.6%
1Y
710.1%
TER
US$337.88
Teradyne
7D
-6.1%
1Y
308.4%
MKSI
US$303.17
MKS
7D
-3.2%
1Y
234.4%
Seeking Alpha • May 16

MKS Inc.: Robust Q1 Beat; Maintaining Buy On Advanced Logic And Memory Momentum

Summary MKSI Inc. delivered a Q1 FY2026 earnings beat, with revenue up 15% YoY and EPS up 35%, maintaining a Buy rating. Management indicated WFE spend potentially rising to $170-180 billion for 2027, positioning MKSI for significant upside as a key subsystem supplier. A new $100 million, 500,000 sq. ft. facility in Malaysia will expand capacity by June 2026, supporting long-term growth and customer alignment. At 25.8x FY2026 P/E, MKSI trades at a discount to SPE peers despite robust catalysts, including LEO PCB and optical equipment opportunities. Read the full article on Seeking Alpha
ENPH
US$52.89
Enphase Energy
7D
45.1%
1Y
4.9%
New Narrative • May 15

ENPH: Revolutionizing Home Energy Management through the IQ Energy Pivot and the Scalable Residential Electrification Inflection Point

Enphase Energy, Inc. (ENPH), the global leader in microinverter-based solar-plus-storage systems, is navigating a high-stakes structural recovery in 2026.
AMKR
US$70.35
Amkor Technology
7D
-8.2%
1Y
256.6%
Q
US$157.23
Qnity Electronics
7D
6.7%
1Y
n/a
New Narrative • May 15

AI And Advanced Packaging Tailwinds Will Support A Constructive Long Term View

Catalysts About Qnity Electronics Qnity Electronics supplies advanced materials and interconnect solutions used across leading-edge semiconductor manufacturing and electronic systems. What are the underlying business or industry changes driving this perspective?
CAMT
US$168.35
Camtek
7D
-18.1%
1Y
155.3%
Narrative Update • May 15

CAMT: AI Packaging Demand Will Support Multi Year Cash Flow Visibility

Analysts have raised the Camtek fair value estimate to $220 from $205, reflecting higher price targets across the Street that are based on updated forecasts for revenue growth, profit margins, and multi year sales visibility following recent Q1 results and order trends. Analyst Commentary Bullish analysts have been lifting their price targets on Camtek across multiple research updates, reflecting stronger assumptions for sales in 2026 and 2027 and a greater willingness to assign higher valuation multiples on the back of recent Q1 results.
LRCX
US$284.72
Lam Research
7D
-3.2%
1Y
237.2%
KLAC
US$1,804.32
KLA
7D
-3.5%
1Y
128.1%
AXTI
US$123.78
AXT
7D
6.4%
1Y
8,207.4%