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U.S. Semiconductor Equipment Industry Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies39
  • 7D-1.5%
  • 3M-2.8%
  • 1Y160.3%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 6.1%, driven by Applied Materials declining 6.7%. In the past year, the industry has gained 160%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026US$1.2tUS$108.0bUS$25.0b49.5x49.3x11.4x
Sat, 25 Jul 2026US$1.4tUS$101.7bUS$22.6b64.1x60.9x13.5x
Mon, 22 Jun 2026US$1.6tUS$101.7bUS$22.6b83.4x71.6x15.9x
Wed, 20 May 2026US$1.1tUS$101.7bUS$22.5b58.9x50.5x11.2x
Fri, 17 Apr 2026US$1.1tUS$97.8bUS$20.8b51.2x53x11.2x
Sun, 15 Mar 2026US$901.7bUS$97.8bUS$20.8b41.7x43.4x9.2x
Tue, 10 Feb 2026US$919.6bUS$97.4bUS$19.8b42.2x46.5x9.4x
Thu, 08 Jan 2026US$833.7bUS$95.9bUS$19.0b43.1x43.8x8.7x
Sat, 06 Dec 2025US$706.7bUS$95.9bUS$19.0b38.4x37.2x7.4x
Mon, 03 Nov 2025US$674.2bUS$91.2bUS$17.0b34x39.7x7.4x
Wed, 01 Oct 2025US$568.0bUS$89.4bUS$16.3b31.5x34.8x6.4x
Fri, 29 Aug 2025US$466.1bUS$89.4bUS$16.3b27.6x28.5x5.2x
Sun, 27 Jul 2025US$473.7bUS$87.1bUS$15.5b26.6x30.6x5.4x
Tue, 24 Jun 2025US$441.0bUS$87.0bUS$15.5b25.9x28.5x5.1x
Thu, 22 May 2025US$415.2bUS$87.0bUS$15.5b22.9x26.8x4.8x
Sat, 19 Apr 2025US$341.9bUS$84.9bUS$14.2b24.2x24.1x4x
Mon, 17 Mar 2025US$403.3bUS$84.8bUS$14.2b30.1x28.4x4.8x
Wed, 12 Feb 2025US$453.5bUS$84.5bUS$15.2b35.6x29.8x5.4x
Fri, 10 Jan 2025US$436.8bUS$83.2bUS$14.6b34.1x29.9x5.2x
Sun, 08 Dec 2024US$425.5bUS$83.2bUS$14.6b28.4x29.2x5.1x
Tue, 05 Nov 2024US$433.3bUS$83.3bUS$16.0b26.3x27.1x5.2x
Thu, 03 Oct 2024US$488.1bUS$82.5bUS$15.6b25x31.3x5.9x
Sat, 31 Aug 2024US$484.7bUS$82.5bUS$15.6b26.8x31.1x5.9x
Mon, 29 Jul 2024US$511.9bUS$82.7bUS$13.9b28.9x36.9x6.2x
Wed, 26 Jun 2024US$555.2bUS$82.8bUS$13.8b27.2x40.4x6.7x
Fri, 24 May 2024US$536.9bUS$82.8bUS$13.8b28.8x39x6.5x
Sun, 21 Apr 2024US$459.7bUS$84.5bUS$14.2b32.1x32.4x5.4x
Tue, 19 Mar 2024US$492.8bUS$84.5bUS$14.2b34.5x34.7x5.8x
Thu, 15 Feb 2024US$462.9bUS$85.6bUS$14.5b29.1x31.9x5.4x
Sat, 13 Jan 2024US$410.4bUS$90.1bUS$15.9b24.7x25.8x4.6x
Mon, 11 Dec 2023US$390.9bUS$90.0bUS$15.9b24.5x24.6x4.3x
Wed, 08 Nov 2023US$359.1bUS$90.3bUS$15.6b22.1x23x4x
Fri, 06 Oct 2023US$366.0bUS$93.9bUS$16.9b24.8x21.6x3.9x
Sun, 03 Sep 2023US$409.3bUS$93.9bUS$17.0b27x24.1x4.4x
Price to Earnings Ratio

24.1x


Total Market Cap: US$409.3bTotal 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 35.4x202420252026
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 49.1x which is higher than its 3-year average PE of 35.4x.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 11.4x.
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-0.42%
Tech-0.84%
Semiconductors-2.54%
Semiconductor Equipment-1.46%
Semiconductors-2.66%
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$312.881.9%
+US$7.1b		201.8%PE53.9x
ACMR ACM ResearchUS$79.112.0%
+US$105.9m		176.8%PE36.7x
Q Qnity ElectronicsUS$126.200.1%
+US$33.5m		n/aPE45.1x
SEDG SolarEdge TechnologiesUS$33.081.5%
+US$29.5m		-0.03%PS1.5x
ASYS Amtech SystemsUS$15.172.4%
+US$6.1m		154.1%PE66.4x

Latest News

AMAT
US$479.76
Applied Materials
7D
-3.3%
1Y
191.8%
Q
US$126.20
Qnity Electronics
7D
0.1%
1Y
n/a
KLAC
US$183.83
KLA
7D
-1.8%
1Y
106.8%
Seeking Alpha • Aug 25

KLA Corporation: Buy The 2027+ Double Tailwind

Summary KLA Corporation is rated 'Buy' after a sharp selloff, with fundamentals and 2027 outlook improving despite high market expectations. KLAC delivered record Q4 revenue of $3.66B (+15.2% Y/Y) and strong free cash flow, supporting robust buybacks and dividend growth. Management projects 2027 as an inflection year, driven by 1D DRAM/1.4nm process intensity and easing memory cost headwinds. KLAC trades at ~32x forward P/E, with FY2027E revenue/EPS growth rates of ~33%/~45%, and benefits from industry-wide WFE growth. Read the full article on Seeking Alpha
TER
US$363.10
Teradyne
7D
-4.4%
1Y
210.4%
ASYS
US$15.17
Amtech Systems
7D
2.4%
1Y
154.1%
MKSI
US$271.75
MKS
7D
-3.5%
1Y
157.2%
FORM
US$108.10
FormFactor
7D
-6.0%
1Y
269.3%
AMKR
US$48.40
Amkor Technology
7D
-4.9%
1Y
96.9%
LRCX
US$312.88
Lam Research
7D
1.9%
1Y
201.8%
Narrative Update • Aug 21

LRCX: AI Wafer Equipment Upswing Will Support Extended Multi Year Earnings Runway

Analysts have trimmed their price targets on Lam Research, with the modelled fair value moving from about $500 to about $474, as they recalibrate discount rates and valuation multiples while still highlighting stronger projected revenue growth, higher profit margins and solid wafer fab equipment demand across AI driven logic and memory spending. Analyst Commentary Analyst commentary on Lam Research remains largely constructive, even as several firms recalibrate price targets and valuation assumptions.
NVMI
US$366.35
Nova
7D
-4.9%
1Y
39.0%
Narrative Update • Aug 21

NVMI: Advanced Packaging Momentum Will Support Record Revenue And Cash Generation

Nova's analyst fair value estimate is now $532.0, reduced from $574.5, as analysts factor in lower assumed profit margins and sector wide multiple compression, while maintaining supportive views on the company's growth outlook. Analyst Commentary Recent Street research on Nova points to a consistent reset in price targets, while analysts generally keep constructive views on the company.
SEDG
US$33.08
SolarEdge Technologies
7D
1.5%
1Y
-0.03%
Narrative Update • Aug 20

SEDG: Potential Inverter Ban Will Drive Future Repricing

Analysts have trimmed their average price targets for SolarEdge Technologies, reflecting weaker U.S. solar demand, softer revenue guidance, and slower margin improvement, even as some still point to European demand and potential policy support as partial offsets. Analyst Commentary Recent research updates show a wide range of views on SolarEdge Technologies, with several bullish analysts still pointing to potential upside drivers despite weaker U.S. solar demand and cautious guidance.
ACMR
US$79.11
ACM Research
7D
2.0%
1Y
176.8%
AEHR
US$91.12
Aehr Test Systems
7D
-15.6%
1Y
275.0%
New Narrative • Aug 14

AI Data Center Demand And Silicon Photonics Will Support Long-Term Prospects Here

Catalysts About Aehr Test Systems Aehr Test Systems supplies wafer-level and package-level burn-in and test equipment used to screen and qualify semiconductors for reliability. What are the underlying business or industry changes driving this perspective?