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U.S. Semiconductor Equipment Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies39
  • 7D4.1%
  • 3M39.0%
  • 1Y100.2%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 4.1%, with Lam Research up 6.5%. This means that the industry has gained 100% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026US$866.2bUS$95.9bUS$19.0b44.5x45.5x9x
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
Mon, 07 Aug 2023US$400.2bUS$94.4bUS$17.3b20.4x23.1x4.2x
Wed, 05 Jul 2023US$406.2bUS$96.1bUS$20.1b19.8x20.2x4.2x
Fri, 02 Jun 2023US$385.0bUS$96.1bUS$20.1b17.7x19.1x4x
Sun, 30 Apr 2023US$328.4bUS$95.5bUS$20.6b15x15.9x3.4x
Tue, 28 Mar 2023US$338.9bUS$96.1bUS$21.2b16.2x16x3.5x
Thu, 23 Feb 2023US$330.2bUS$95.3bUS$21.1b14.8x15.7x3.5x
Sat, 21 Jan 2023US$337.5bUS$92.3bUS$20.7b17.2x16.3x3.7x
Price to Earnings Ratio

16.3x


Total Market Cap: US$337.5bTotal 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 28.2x202420252026
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 45.5x which is higher than its 3-year average PE of 28.2x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 9.0x.
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 Market0.88%
Tech0.12%
Semiconductors0.0042%
Semiconductor Equipment4.14%
Semiconductors-0.41%
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$214.383.6%
+US$9.3b		185.6%PE46.3x
AMAT Applied MaterialsUS$304.873.0%
+US$7.0b		75.6%PE34.5x
KLAC KLAUS$1.44k3.4%
+US$6.2b		105.6%PE44.7x
FORM FormFactorUS$72.5513.4%
+US$662.8m		68.2%PE137.7x
MKSI MKSUS$193.285.3%
+US$656.9m		74.0%PE46.5x

Latest News

LRCX
US$214.38
Lam Research
7D
3.6%
1Y
185.6%
PLAB
US$33.39
Photronics
7D
-5.1%
1Y
41.8%
FORM
US$72.55
FormFactor
7D
13.4%
1Y
68.2%

There's Reason For Concern Over FormFactor, Inc.'s (NASDAQ:FORM) Massive 32% Price Jump

Jan 13
There's Reason For Concern Over FormFactor, Inc.'s (NASDAQ:FORM) Massive 32% Price Jump
MKSI
US$193.28
MKS
7D
5.3%
1Y
74.0%
TRT
US$6.76
Trio-Tech International
7D
-2.9%
1Y
126.8%
DQ
US$25.96
Daqo New Energy
7D
-12.3%
1Y
37.4%

Slammed 26% Daqo New Energy Corp. (NYSE:DQ) Screens Well Here But There Might Be A Catch

Jan 10
Slammed 26% Daqo New Energy Corp. (NYSE:DQ) Screens Well Here But There Might Be A Catch
KLAC
US$1,441.82
KLA
7D
3.4%
1Y
105.6%
ONTO
US$197.44
Onto Innovation
7D
5.4%
1Y
-2.3%

ONTO: Memory And Semilab Integration Will Shape Balanced Medium Term Outlook

Analysts have lifted their fair value estimate for Onto Innovation to $172 from $157, citing higher assumed profit margins and a slightly richer future P/E multiple, supported by recent price target increases tied to high bandwidth memory exposure and the Semilab International acquisition. Analyst Commentary Recent research on Onto Innovation centers on its exposure to high bandwidth memory, the impact of the Semilab International acquisition, and how the stock is valued relative to peers.
NVMI
US$404.65
Nova
7D
3.4%
1Y
76.8%
INTT
US$7.82
inTEST
7D
-3.8%
1Y
-3.0%

INTT: Transition-Year Execution And 2026 Recovery Outlook Will Support Bullish Thesis

Narrative Update: Analyst Price Target Shift for inTEST The consensus analyst price target for inTEST has moved up by US$2 to US$10 per share. This reflects analysts' higher confidence in the company's outlook as it progresses through a transition year and they look ahead to 2026.
ENTG
US$102.07
Entegris
7D
4.3%
1Y
0.1%

ENTG: A.I. Hype And Peer Comparisons Will Pressure Overextended Expectations

Analysts nudged their price outlook on Entegris higher by a low single digit amount, citing slightly stronger modeled revenue growth and a marginally lower discount rate, supported by peer enthusiasm for pure play electronic materials exposure linked to A.I. demand. Analyst Commentary Recent commentary around Entegris has been shaped indirectly by new coverage of Qnity Electronics, another pure play in electronic materials tied to A.I. demand.
AMAT
US$304.87
Applied Materials
7D
3.0%
1Y
75.6%

AMAT: Future Multiple Compression Will Likely Pressure Elevated Share Price

Our fair value estimate for Applied Materials has been raised to $180 from $160.41 as analysts lift price targets into the mid to high $200s, citing above-consensus execution, resilient foundry and memory demand, de-risked China exposure, and strengthening recurring services growth. Analyst Commentary Street research has turned more constructive on Applied Materials, with multiple firms lifting price targets into the $250 to $270 range following solid quarterly execution, above-consensus guidance, and stronger visibility into 2026 wafer fab equipment demand.
Q
US$89.67
Qnity Electronics
7D
-1.6%
1Y
n/a