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U.S. Semiconductor Equipment Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies38
  • 7D-8.3%
  • 3M3.7%
  • 1Y173.4%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 8.3%, driven by Applied Materials declining 9.5%. In the past year, the industry has gained 173%. 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
Thu, 20 Aug 2026US$1.3tUS$108.0bUS$25.0b51.1x52.5x12.2x
Sat, 18 Jul 2026US$1.4tUS$101.7bUS$22.6b63.7x60.4x13.4x
Mon, 15 Jun 2026US$1.5tUS$101.7bUS$22.6b73.5x67.3x14.9x
Wed, 13 May 2026US$1.2tUS$100.7bUS$21.9b62.4x55.8x12.2x
Fri, 10 Apr 2026US$1.1tUS$97.8bUS$20.8b50.8x51.2x10.9x
Sun, 08 Mar 2026US$856.9bUS$97.8bUS$20.8b39.4x41.2x8.8x
Tue, 03 Feb 2026US$904.0bUS$97.0bUS$19.8b44.1x45.7x9.3x
Thu, 01 Jan 2026US$723.1bUS$95.9bUS$19.0b37.3x38x7.5x
Sat, 29 Nov 2025US$677.2bUS$95.9bUS$19.0b36.1x35.6x7.1x
Mon, 27 Oct 2025US$634.2bUS$90.6bUS$16.8b33x37.8x7x
Wed, 24 Sep 2025US$570.1bUS$89.4bUS$16.3b32.3x34.9x6.4x
Fri, 22 Aug 2025US$452.2bUS$89.6bUS$16.3b25.9x27.7x5x
Sun, 20 Jul 2025US$487.6bUS$87.0bUS$15.5b30.9x31.5x5.6x
Tue, 17 Jun 2025US$442.3bUS$87.0bUS$15.5b26.2x28.6x5.1x
Thu, 15 May 2025US$428.9bUS$86.6bUS$15.1b24.1x28.4x5x
Sat, 12 Apr 2025US$349.2bUS$84.9bUS$14.2b24.3x24.6x4.1x
Mon, 10 Mar 2025US$408.6bUS$84.8bUS$14.2b31.2x28.8x4.8x
Wed, 05 Feb 2025US$441.9bUS$84.5bUS$15.1b32.3x29.3x5.2x
Fri, 03 Jan 2025US$405.8bUS$83.2bUS$14.6b31.5x27.8x4.9x
Sun, 01 Dec 2024US$421.0bUS$83.2bUS$14.6b28.5x28.9x5.1x
Tue, 29 Oct 2024US$444.6bUS$83.1bUS$15.8b24.7x28.2x5.4x
Thu, 26 Sep 2024US$478.3bUS$82.5bUS$15.6b24.7x30.7x5.8x
Sat, 24 Aug 2024US$495.3bUS$83.0bUS$15.8b26x31.3x6x
Mon, 22 Jul 2024US$517.9bUS$82.8bUS$13.8b29.7x37.6x6.3x
Wed, 19 Jun 2024US$584.6bUS$82.8bUS$13.8b28.1x42.5x7.1x
Fri, 17 May 2024US$525.4bUS$82.8bUS$13.6b28x38.6x6.3x
Sun, 14 Apr 2024US$518.3bUS$84.5bUS$14.2b35.1x36.5x6.1x
Tue, 12 Mar 2024US$499.6bUS$84.5bUS$14.2b34.8x35.2x5.9x
Thu, 08 Feb 2024US$434.1bUS$85.9bUS$14.6b26.4x29.7x5.1x
Sat, 06 Jan 2024US$402.9bUS$90.1bUS$15.9b24.5x25.3x4.5x
Mon, 04 Dec 2023US$400.0bUS$90.0bUS$15.9b24.8x25.1x4.4x
Wed, 01 Nov 2023US$338.7bUS$90.6bUS$15.5b20.3x21.8x3.7x
Fri, 29 Sep 2023US$367.1bUS$93.9bUS$17.0b24.4x21.6x3.9x
Sun, 27 Aug 2023US$385.1bUS$93.9bUS$17.0b25.6x22.7x4.1x
Price to Earnings Ratio

22.7x


Total Market Cap: US$385.1bTotal 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 35.3x202420252026
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 52.5x which is higher than its 3-year average PE of 35.3x.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 12.2x.
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 Market-0.79%
Tech-2.73%
Semiconductors-5.11%
Semiconductor Equipment-8.32%
Semiconductors-4.72%
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$32.601.8%
+US$35.7m		1.7%PS1.5x
CVV CVD EquipmentUS$7.444.2%
+US$2.2m		156.6%PS2.6x

Latest News

ENTG
US$144.28
Entegris
7D
-10.4%
1Y
81.7%
TER
US$379.65
Teradyne
7D
-5.7%
1Y
246.6%
Seeking Alpha • 12h

Teradyne: Upgraded Buy As Chips Grow In Volume/Density - Potential Dip Ahead

Summary Higher chip testing cadence is natural, given the insatiable compute/memory demand, growing data center footprint, and expanding chip volume/complexity. These have contributed to the higher WFE/ATE ratio and TER's robust, multi-year AI-driven growth tailwinds, as observed in the promising medium-term targets. The premium P/E of 48.74x has been justified by the rich adj. EPS growth prospects, while unlocking an excellent upside potential to my LTPT of $529. Short-term risks include insider selling, elevated short interest, and potential for further correction through seasonally softer trading months. TER is upgraded to Buy, with the ongoing stock consolidation implying an excellent dip buying opportunity near the thrice defended trading floor of $320s. Read the full article on Seeking Alpha
SEDG
US$32.60
SolarEdge Technologies
7D
1.8%
1Y
1.7%
Q
US$126.04
Qnity Electronics
7D
-11.3%
1Y
n/a
Seeking Alpha • Aug 19

Qnity Electronics: A High-Moat Semiconductor Materials Play

Summary Qnity Electronics is rated a BUY, offering a compelling margin of safety and asymmetric risk-reward at ~$142 per share. Structural tailwinds, including the processing material multiplier effect from advanced chip architectures and a robust local-for-local operating network, drive Qnity’s growth potential. Despite legacy liabilities and a high intangible asset base (~60%), Qnity’s operational moat and full-stack coverage outweigh balance sheet concerns. DCF scenarios support a $137–$152 bear case and $168–$185 bull case, with a +24% upside to the bull case midpoint of ~$176. Read the full article on Seeking Alpha
ONTO
US$299.50
Onto Innovation
7D
-11.2%
1Y
182.7%
Narrative Update • Aug 18

ONTO: AI Packaging Demand And X-Ray Partnership Will Shape Fairly Valued Outlook

Analysts have raised the fair value estimate for Onto Innovation to about $388 per share from roughly $370, citing higher Street price targets around $360 to $450, as well as expectations for AI driven inspection and metrology demand, stronger revenue growth, wider profit margins and a lower assumed future P/E multiple. Analyst Commentary Recent research coverage on Onto Innovation has been active, with a cluster of new initiations and higher price targets that focus on AI driven inspection and metrology demand, advanced packaging exposure and the current valuation setup.
MKSI
US$281.60
MKS
7D
-8.2%
1Y
183.4%
AMAT
US$496.17
Applied Materials
7D
-9.5%
1Y
208.3%
CVV
US$7.44
CVD Equipment
7D
4.2%
1Y
156.6%
LRCX
US$307.17
Lam Research
7D
-5.8%
1Y
209.8%
KLAC
US$187.27
KLA
7D
-10.1%
1Y
113.2%
Narrative Update • Aug 14

KLAC: AI WFE And Process Control Assumptions Will Challenge Rich Multiple

Analysts have adjusted the price target on KLA to $165, with the change framed around updated views on revenue growth, profit margins and valuation multiples, following recent research that highlights stronger wafer fab equipment expectations alongside mixed commentary on near term results and sector multiples. Analyst Commentary Recent Street research on KLA highlights a wide range of views, with some firms turning more constructive while a group of bearish analysts has trimmed price targets and flagged execution and valuation risks.