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U.S. Semiconductor Equipment Industry Analysis

UpdatedMay 30, 2026
DataAggregated Company Financials
Companies39
  • 7D3.0%
  • 3M27.9%
  • 1Y213.3%
  • YTDn/a

Lam Research is up 4.2%, leading the way for the Semiconductor Equipment industry, which has gained 5.1%. During this same period, the AXT underperformed, falling 27%. This takes the industry's 12 month performance to a gain of 206%. 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
Sat, 30 May 2026US$1.3tUS$101.7bUS$22.6b67x56.1x12.4x
Mon, 27 Apr 2026US$1.2tUS$99.0bUS$21.3b53.7x55.4x11.9x
Wed, 25 Mar 2026US$979.8bUS$97.8bUS$20.8b46.5x47.2x10x
Fri, 20 Feb 2026US$981.8bUS$97.8bUS$20.8b39.9x47.2x10x
Sun, 18 Jan 2026US$912.2bUS$95.9bUS$19.0b48.4x47.9x9.5x
Tue, 16 Dec 2025US$699.1bUS$95.9bUS$19.0b37.8x36.7x7.3x
Thu, 13 Nov 2025US$667.3bUS$96.0bUS$18.8b36.9x35.4x7x
Sat, 11 Oct 2025US$595.0bUS$89.4bUS$16.3b30.5x36.4x6.7x
Mon, 08 Sep 2025US$465.7bUS$89.4bUS$16.3b26.6x28.5x5.2x
Wed, 06 Aug 2025US$472.5bUS$88.9bUS$16.2b25.5x29.2x5.3x
Fri, 04 Jul 2025US$485.1bUS$87.0bUS$15.5b29x31.3x5.6x
Sun, 01 Jun 2025US$396.9bUS$87.0bUS$15.5b22.9x25.6x4.6x
Tue, 29 Apr 2025US$376.7bUS$85.9bUS$14.6b26.4x25.8x4.4x
Thu, 27 Mar 2025US$401.7bUS$84.8bUS$14.2b30.2x28.3x4.7x
Sat, 22 Feb 2025US$444.8bUS$84.9bUS$14.4b35.7x30.9x5.2x
Mon, 20 Jan 2025US$465.8bUS$83.2bUS$14.6b36.4x31.9x5.6x
Wed, 18 Dec 2024US$425.3bUS$83.2bUS$14.6b27.4x29.1x5.1x
Fri, 15 Nov 2024US$425.2bUS$82.9bUS$14.9b30.5x28.6x5.1x
Sun, 13 Oct 2024US$494.6bUS$82.5bUS$15.6b27.4x31.7x6x
Tue, 10 Sep 2024US$439.6bUS$82.5bUS$15.6b25x28.2x5.3x
Thu, 08 Aug 2024US$450.1bUS$83.3bUS$14.1b24.8x32x5.4x
Sat, 06 Jul 2024US$587.4bUS$82.8bUS$13.8b33.4x42.7x7.1x
Mon, 03 Jun 2024US$525.9bUS$82.8bUS$13.8b28x38.2x6.4x
Wed, 01 May 2024US$487.2bUS$83.5bUS$13.8b34x35.3x5.8x
Fri, 29 Mar 2024US$511.7bUS$84.5bUS$14.2b35.9x36x6.1x
Sun, 25 Feb 2024US$486.8bUS$84.9bUS$14.5b33.8x33.6x5.7x
Tue, 23 Jan 2024US$449.5bUS$90.1bUS$15.9b25.1x28.3x5x
Thu, 21 Dec 2023US$433.4bUS$90.1bUS$15.9b24.9x27.2x4.8x
Sat, 18 Nov 2023US$394.4bUS$90.1bUS$15.5b24.5x25.4x4.4x
Mon, 16 Oct 2023US$374.3bUS$93.9bUS$17.0b24.8x22.1x4x
Wed, 13 Sep 2023US$386.7bUS$93.9bUS$17.0b24.8x22.8x4.1x
Fri, 11 Aug 2023US$396.5bUS$94.1bUS$17.0b25.4x23.3x4.2x
Sun, 09 Jul 2023US$387.7bUS$96.1bUS$20.1b18.8x19.3x4x
Tue, 06 Jun 2023US$384.7bUS$96.1bUS$20.1b17.9x19.1x4x
Price to Earnings Ratio

19.1x


Total Market Cap: US$384.7bTotal 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 32.2x202420252026
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 56.4x which is higher than its 3-year average PE of 32.2x.
  • The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 12.5x.
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 Market1.47%
Tech4.55%
Semiconductors3.59%
Semiconductor Equipment2.99%
Semiconductors3.66%
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$318.184.2%
+US$16.0b		293.8%PE59.3x
AMAT Applied MaterialsUS$450.064.1%
+US$14.2b		187.1%PE42x
KLAC KLAUS$1.92k1.8%
+US$4.4b		153.9%PE53.7x
TER TeradyneUS$374.314.4%
+US$2.5b		376.2%PE68.6x
AMKR Amkor TechnologyUS$69.565.8%
+US$944.4m		286.0%PE39.5x

Latest News

TER
US$374.31
Teradyne
7D
4.4%
1Y
376.2%
PLAB
US$32.35
Photronics
7D
-37.1%
1Y
93.6%
ACMR
US$86.56
ACM Research
7D
18.0%
1Y
283.9%
ACLS
US$150.41
Axcelis Technologies
7D
-4.2%
1Y
167.0%
VECO
US$57.64
Veeco Instruments
7D
-3.2%
1Y
198.5%
ENPH
US$68.36
Enphase Energy
7D
6.8%
1Y
65.2%
Seeking Alpha • 22h

Enphase Energy: The AI Infrastructure Play That Won't Amount To That Much

Summary Enphase Energy shifts its thesis from solar to power conversion, targeting AI data center solid-state transformer (SST) opportunities. Despite a recent 90% rally, ENPH is rated Hold due to limited near-term earnings impact and modest projected CAGR to 2030. ENPH's asset-light model, strong cash position, and minimal debt provide operating leverage, but revenue and pricing power remain pressured. Competition in SSTs is intensifying, with volume shipments not expected until 2028 and realistic market share limiting upside potential. Read the full article on Seeking Alpha
Q
US$156.00
Qnity Electronics
7D
-0.6%
1Y
n/a
LRCX
US$318.18
Lam Research
7D
4.2%
1Y
293.8%
Narrative Update • May 28

LRCX: AI Memory Spending And WFE Cyclicality Will Shape Future Returns

Lam Research's updated analyst price target edges higher to $313.69 from $309.52 as analysts factor in stronger wafer fab equipment spending expectations across NAND, DRAM and high bandwidth memory, along with modest tweaks to growth, margin and P/E assumptions. Analyst Commentary Recent research on Lam Research highlights a cluster of higher price targets and rating upgrades, largely tied to expectations for wafer fab equipment spending across NAND, DRAM and high bandwidth memory, as well as views on Lam's competitive position in these segments.
KLIC
US$101.89
Kulicke and Soffa Industries
7D
-2.4%
1Y
216.9%
ONTO
US$258.24
Onto Innovation
7D
-1.5%
1Y
180.9%
KLAC
US$1,921.71
KLA
7D
1.8%
1Y
153.9%
AXTI
US$103.16
AXT
7D
-26.7%
1Y
6,731.8%
AMAT
US$450.06
Applied Materials
7D
4.1%
1Y
187.1%
SEDG
US$76.35
SolarEdge Technologies
7D
23.2%
1Y
327.5%
Narrative Update • May 24

SEDG: Stretched Rally Will Struggle To Withstand Weak Fundamentals

Analysts have increased their implied fair value estimate for SolarEdge Technologies by about $5.90 per share, reflecting updated assumptions around margins, discount rates, and future P/E multiples following a series of mixed price target changes and valuation comments across recent research reports. Analyst Commentary Recent research on SolarEdge Technologies shows a split between analysts who see progress on margins and competitive positioning and those who are more focused on valuation risk and the quality of the recent share price rally.
AMKR
US$69.56
Amkor Technology
7D
5.8%
1Y
286.0%
FORM
US$124.59
FormFactor
7D
-3.4%
1Y
317.4%