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U.S. Semiconductor Equipment Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies39
  • 7D4.9%
  • 3M31.6%
  • 1Y208.5%
  • YTDn/a

Applied Materials is up 3.6%, leading the way for the Semiconductor Equipment industry, which has gained 2.8%. In the last 12 months, the industry was up 199%. 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
Sat, 25 Apr 2026US$1.2tUS$99.0bUS$21.3b53.7x54.6x11.7x
Mon, 23 Mar 2026US$951.7bUS$97.8bUS$20.8b44.5x45.8x9.7x
Wed, 18 Feb 2026US$962.1bUS$97.5bUS$20.7b42.2x46.6x9.9x
Fri, 16 Jan 2026US$864.0bUS$95.9bUS$19.0b47.5x45.4x9x
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
Price to Earnings Ratio

15.9x


Total Market Cap: US$327.6bTotal Earnings: US$20.6bTotal Revenue: US$95.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.1x202420252026
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 53.0x which is higher than its 3-year average PE of 31.0x.
  • The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 11.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Semiconductor Equipment industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

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

US Market0.35%
Tech3.26%
Semiconductors6.95%
Semiconductor Equipment4.92%
Semiconductors7.19%
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
KLAC KLAUS$1.94k8.0%
+US$18.8b		178.6%PE55.6x
AMAT Applied MaterialsUS$417.045.1%
+US$16.0b		175.2%PE42.2x
TER TeradyneUS$418.089.9%
+US$5.9b		442.1%PE118.1x
AMKR Amkor TechnologyUS$78.1015.9%
+US$2.7b		345.0%PE51.8x
Q Qnity ElectronicsUS$144.486.0%
+US$1.7b		n/aPE43.7x

Latest News

AMAT
US$417.04
Applied Materials
7D
5.1%
1Y
175.2%
AMKR
US$78.10
Amkor Technology
7D
15.9%
1Y
345.0%

AMKR: Arizona Build And Higher P E Assumptions Will Limit Longer Term Upside

Analysts have raised their price targets on Amkor Technology by as much as $17 to reflect updated assumptions around growth, profitability and P/E valuations. Recent research points to stronger revenue momentum, slightly higher margins and a modestly lower future P/E multiple in their models.
CAMT
US$203.00
Camtek
7D
12.9%
1Y
205.0%

CAMT: Peak Cycle Earnings Expectations Will Pressure AI Packaging Equipment Upside

Camtek's analyst fair value estimate has moved from $110.00 to $145.00 as analysts factor in higher projected profit margins, updated long term sales assumptions and a slightly lower discount rate reflected in a broadly higher range of Street price targets. Analyst Commentary Recent Street research on Camtek reflects a mix of optimism around long term growth drivers and more cautious views around valuation and cycle timing.
TER
US$418.08
Teradyne
7D
9.9%
1Y
442.1%

TER: AI Data Center Test Demand Will Support Next Cycle Repricing

The analyst price target for Teradyne has been raised from $376.32 to $415.00, reflecting analyst views that modest adjustments to revenue growth, profit margin expectations, and a higher future P/E multiple are warranted following a series of recent price target increases across the Street. Analyst Commentary Recent Street research on Teradyne shows a cluster of higher price targets from bullish analysts, alongside a valuation driven downgrade from Northland.
ENTG
US$155.98
Entegris
7D
6.8%
1Y
93.2%
FORM
US$155.08
FormFactor
7D
13.0%
1Y
447.2%
Q
US$144.48
Qnity Electronics
7D
6.0%
1Y
n/a
KLAC
US$1,935.00
KLA
7D
8.0%
1Y
178.6%

KLAC: Investor Day Framework And Share Gains Will Drive Re Rating

The analyst price target for KLA has been updated from $1,950 to $2,000 as analysts factor in more upbeat Investor Day commentary, refreshed long-term revenue and earnings targets, and a set of broadly higher Street price targets following recent research updates. Analyst Commentary Bullish analysts have been leaning into KLA's updated long term framework, using Investor Day as a key reference point for revisiting their models on growth, margins, and cash generation.