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U.S. Semiconductor Equipment Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies39
  • 7D16.3%
  • 3M31.7%
  • 1Y205.3%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 16%, driven by gains from Lam Research of 21%. This means that the industry has gained 205% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026US$1.1tUS$97.8bUS$20.8b53.2x53.3x11.3x
Fri, 13 Mar 2026US$931.6bUS$97.8bUS$20.8b41.3x44.8x9.5x
Sun, 08 Feb 2026US$919.6bUS$97.4bUS$19.8b41.5x46.5x9.4x
Tue, 06 Jan 2026US$796.2bUS$95.9bUS$19.0b42x41.8x8.3x
Thu, 04 Dec 2025US$698.4bUS$95.9bUS$19.0b38x36.7x7.3x
Sat, 01 Nov 2025US$677.4bUS$91.2bUS$17.0b34x39.8x7.4x
Mon, 29 Sep 2025US$564.0bUS$89.4bUS$16.3b30.6x34.5x6.3x
Wed, 27 Aug 2025US$463.0bUS$89.4bUS$16.3b27.6x28.3x5.2x
Fri, 25 Jul 2025US$475.2bUS$87.1bUS$15.5b26.8x30.7x5.5x
Sun, 22 Jun 2025US$444.9bUS$87.0bUS$15.5b25.6x28.7x5.1x
Tue, 20 May 2025US$420.0bUS$87.0bUS$15.5b23.1x27.1x4.8x
Thu, 17 Apr 2025US$362.8bUS$84.9bUS$14.2b23.6x25.5x4.3x
Sat, 15 Mar 2025US$387.7bUS$84.8bUS$14.2b30.1x27.3x4.6x
Mon, 10 Feb 2025US$447.8bUS$84.7bUS$15.2b36.7x29.4x5.3x
Wed, 08 Jan 2025US$440.9bUS$83.2bUS$14.6b33.9x30.2x5.3x
Fri, 06 Dec 2024US$437.8bUS$83.2bUS$14.6b27.7x30x5.3x
Sun, 03 Nov 2024US$433.3bUS$83.4bUS$15.9b24.1x27.2x5.2x
Tue, 01 Oct 2024US$494.5bUS$82.5bUS$15.6b25.1x31.7x6x
Thu, 29 Aug 2024US$494.2bUS$82.5bUS$15.6b26.3x31.7x6x
Sat, 27 Jul 2024US$502.2bUS$82.7bUS$13.9b28.9x36.2x6.1x
Mon, 24 Jun 2024US$568.2bUS$82.8bUS$13.8b27.2x41.3x6.9x
Wed, 22 May 2024US$533.2bUS$82.8bUS$13.8b29.2x38.7x6.4x
Fri, 19 Apr 2024US$472.0bUS$84.5bUS$14.2b32.9x33.3x5.6x
Sun, 17 Mar 2024US$487.6bUS$84.5bUS$14.2b33.7x34.3x5.8x
Tue, 13 Feb 2024US$474.4bUS$85.8bUS$14.5b31.5x32.6x5.5x
Thu, 11 Jan 2024US$410.4bUS$90.1bUS$15.9b24.8x25.8x4.6x
Sat, 09 Dec 2023US$393.3bUS$90.0bUS$15.9b24.5x24.7x4.4x
Mon, 06 Nov 2023US$359.1bUS$90.3bUS$15.6b22x23x4x
Wed, 04 Oct 2023US$368.2bUS$93.9bUS$16.9b24.8x21.7x3.9x
Fri, 01 Sep 2023US$406.9bUS$93.9bUS$17.0b27.2x24x4.3x
Sun, 30 Jul 2023US$408.1bUS$94.4bUS$19.6b22.2x20.8x4.3x
Tue, 27 Jun 2023US$385.6bUS$96.1bUS$20.1b18.1x19.2x4x
Thu, 25 May 2023US$350.9bUS$96.1bUS$20.1b16x17.5x3.7x
Sat, 22 Apr 2023US$338.3bUS$95.9bUS$21.0b15.4x16.1x3.5x
Price to Earnings Ratio

16.1x


Total Market Cap: US$338.3bTotal Earnings: US$21.0bTotal Revenue: US$95.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 30.7x202420252026
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 53.3x which is higher than its 3-year average PE of 30.7x.
  • The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 11.3x.
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 Market4.44%
Tech6.04%
Semiconductors10.05%
Semiconductor Equipment16.32%
Semiconductors9.33%
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$272.4121.4%
+US$60.0b		298.0%PE54.7x
AMAT Applied MaterialsUS$395.6411.7%
+US$32.8b		172.0%PE40.1x
KLAC KLAUS$1.80k16.0%
+US$32.4b		165.6%PE51.6x
TER TeradyneUS$365.5114.1%
+US$7.0b		393.5%PE103.3x
AMKR Amkor TechnologyUS$61.3228.8%
+US$3.4b		259.0%PE40.6x

Latest News

TER
US$365.51
Teradyne
7D
14.1%
1Y
393.5%
SEDG
US$42.98
SolarEdge Technologies
7D
-2.0%
1Y
238.8%

SolarEdge Technologies: Up 200% In 12 Months And Room For More Ahead

Apr 14
LRCX
US$272.41
Lam Research
7D
21.4%
1Y
298.0%
KLAC
US$1,795.91
KLA
7D
16.0%
1Y
165.6%

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.
MKSI
US$274.15
MKS
7D
15.1%
1Y
308.1%

MKSI: Wafer Fab Upswing And Refinancing Benefits Will Ultimately Constrain Upside

Analysts have nudged MKS's blended price target higher, citing stronger recent earnings, healthier margins, improved revenue guidance in key segments, and lower interest expense following debt refinancing, with several firms now setting targets in the $295 to $320 range. Analyst Commentary Across the recent research, most analysts have lifted their price targets on MKS and pointed to solid execution on earnings, margins, and guidance.
AMAT
US$395.64
Applied Materials
7D
11.7%
1Y
172.0%

AMAT: AI Memory And Packaging Upswing Will Support Future Upside

The analyst price target for Applied Materials has been updated from $470 to $500, with analysts citing stronger long term assumptions for revenue growth, profit margins and P/E support, driven by broad based sector target increases across semiconductor equipment peers. Analyst Commentary Recent Street research around Applied Materials points to an increasingly constructive view on the stock, with many bullish analysts revising their models to reflect stronger assumptions for the wafer fab equipment cycle, particularly in DRAM and advanced packaging.
AMKR
US$61.32
Amkor Technology
7D
28.8%
1Y
259.0%

AMKR: Arizona Project Free Cash Flow Drag Will Eventually Outweigh Packaging Upside

Analysts have raised their average price targets on Amkor Technology by double digit dollar amounts, pointing to expectations for steadier revenue growth, slightly firmer profit margins, and a modestly lower future P/E assumption as key drivers of their updated views. Analyst Commentary Recent Street research around Amkor Technology highlights a mix of optimism on long term growth areas and packaging technology, alongside more cautious voices pointing to execution and valuation risks.
ENPH
US$32.00
Enphase Energy
7D
-0.1%
1Y
-39.7%

Enphase: Do Not Bottom-Fish Here - More Recovery Headwinds Ahead

Apr 08
Q
US$132.77
Qnity Electronics
7D
11.6%
1Y
n/a
ENTG
US$137.44
Entegris
7D
15.9%
1Y
90.6%

ENTG: Higher P/E Expectations Will Confront Cyclical And Structural Industry Headwinds

Entegris' fair value estimate has moved from $75.00 to $106.46 as analysts factor in a higher assumed future P/E of 42.70 and stronger profit margins, partly offset by more conservative revenue growth assumptions. Analyst Commentary Recent Street research around Entegris has been mixed, with several firms lifting price targets while a few Bearish analysts have turned more cautious on execution, growth durability, and valuation risk.