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U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies39
  • 7D4.3%
  • 3M43.4%
  • 1Y201.2%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 4.3%, with Applied Materials up 7.4%. This means that the industry has gained 201% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026US$1.2tUS$101.7bUS$22.6b64.5x54.5x12.1x
Thu, 07 May 2026US$1.2tUS$100.4bUS$21.8b55.4x52.9x11.5x
Sat, 04 Apr 2026US$941.2bUS$97.8bUS$20.8b43.8x45.3x9.6x
Mon, 02 Mar 2026US$987.0bUS$97.9bUS$20.8b45.4x47.5x10.1x
Wed, 28 Jan 2026US$904.0bUS$95.9bUS$19.0b50.8x47.5x9.4x
Fri, 26 Dec 2025US$733.3bUS$95.9bUS$19.0b38.8x38.5x7.6x
Sun, 23 Nov 2025US$616.2bUS$95.9bUS$19.0b33.7x32.4x6.4x
Tue, 21 Oct 2025US$620.4bUS$89.4bUS$16.3b33.9x38x6.9x
Thu, 18 Sep 2025US$513.7bUS$89.4bUS$16.3b29.5x31.4x5.7x
Sat, 16 Aug 2025US$496.6bUS$89.6bUS$16.3b26.1x30.5x5.5x
Mon, 14 Jul 2025US$494.9bUS$87.0bUS$15.5b31.5x32x5.7x
Wed, 11 Jun 2025US$433.7bUS$87.0bUS$15.5b26x28x5x
Fri, 09 May 2025US$383.5bUS$86.4bUS$15.1b25.2x25.4x4.4x
Sun, 06 Apr 2025US$317.7bUS$84.8bUS$14.2b22.6x22.4x3.7x
Tue, 04 Mar 2025US$408.5bUS$84.8bUS$14.2b31x28.8x4.8x
Thu, 30 Jan 2025US$424.9bUS$83.2bUS$14.6b34.9x29.1x5.1x
Sat, 28 Dec 2024US$416.8bUS$83.2bUS$14.6b27.6x28.6x5x
Mon, 25 Nov 2024US$417.8bUS$83.2bUS$14.6b28.3x28.6x5x
Wed, 23 Oct 2024US$440.4bUS$82.5bUS$15.6b26x28.3x5.3x
Fri, 20 Sep 2024US$457.3bUS$82.5bUS$15.6b25.4x29.3x5.5x
Sun, 18 Aug 2024US$511.8bUS$83.0bUS$15.8b26.2x32.4x6.2x
Tue, 16 Jul 2024US$592.5bUS$82.8bUS$13.8b34.8x43.1x7.2x
Thu, 13 Jun 2024US$556.1bUS$82.8bUS$13.8b27.5x40.4x6.7x
Sat, 11 May 2024US$503.6bUS$82.8bUS$13.6b32.2x37x6.1x
Mon, 08 Apr 2024US$507.0bUS$84.5bUS$14.2b34.5x35.7x6x
Wed, 06 Mar 2024US$517.6bUS$84.5bUS$14.2b35.3x36.5x6.1x
Fri, 02 Feb 2024US$438.3bUS$88.0bUS$14.9b24.9x29.3x5x
Sun, 31 Dec 2023US$434.6bUS$90.1bUS$15.9b25.8x27.3x4.8x
Tue, 28 Nov 2023US$396.7bUS$90.0bUS$15.9b24.5x24.9x4.4x
Thu, 26 Oct 2023US$338.1bUS$92.3bUS$16.4b22.4x20.6x3.7x
Sat, 23 Sep 2023US$361.5bUS$93.9bUS$17.0b24.8x21.3x3.8x
Mon, 21 Aug 2023US$381.3bUS$93.9bUS$17.0b25x22.5x4.1x
Wed, 19 Jul 2023US$410.1bUS$96.1bUS$20.1b21.6x20.4x4.3x
Fri, 16 Jun 2023US$398.6bUS$96.1bUS$20.1b18.8x19.8x4.1x
Price to Earnings Ratio

19.8x


Total Market Cap: US$398.6bTotal 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 32.6x202420252026
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 54.5x which is higher than its 3-year average PE of 32.6x.
  • The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 12.1x.
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 Market-2.73%
Tech-6.35%
Semiconductors-5.75%
Semiconductor Equipment4.27%
Semiconductors-6.75%
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
KLAC KLAUS$2.14k4.6%
+US$12.3b		149.8%PE59.8x
AMAT Applied MaterialsUS$499.211.9%
+US$7.3b		187.3%PE46.6x
VECO Veeco InstrumentsUS$67.1910.1%
+US$377.2m		208.1%PE177.4x
CAMT CamtekUS$168.673.4%
+US$256.9m		126.6%PE161.6x
ACLS Axcelis TechnologiesUS$164.573.6%
+US$177.9m		132.6%PE50.1x

Latest News

UCTT
US$91.88
Ultra Clean Holdings
7D
1.9%
1Y
324.4%
Q
US$144.70
Qnity Electronics
7D
-7.1%
1Y
n/a
AMAT
US$499.21
Applied Materials
7D
1.9%
1Y
187.3%
SEDG
US$57.80
SolarEdge Technologies
7D
-26.4%
1Y
176.2%
Narrative Update • Jun 08

SEDG: Stretched Rally Will Face Future Pressure From Crowded Transformer Competition

Analysts have lifted the SolarEdge Technologies fair value estimate from $39.71 to $43.38 after a series of price target increases, citing progress on solid state transformer projects and the Nexis launch, even as some research houses caution that recent share gains and valuations look stretched. Analyst Commentary Recent Street research on SolarEdge captures a wide spread of opinion, with some bullish analysts focusing on product progress and market share, while more cautious voices point to valuation risk and question how much of the good news is already reflected in the stock.
ENPH
US$56.88
Enphase Energy
7D
-10.8%
1Y
31.5%
ACLS
US$164.57
Axcelis Technologies
7D
3.6%
1Y
132.6%
LRCX
US$327.16
Lam Research
7D
-2.2%
1Y
259.5%
CAMT
US$168.67
Camtek
7D
3.4%
1Y
126.6%
TER
US$369.21
Teradyne
7D
-6.0%
1Y
316.2%
ENTG
US$134.35
Entegris
7D
-6.0%
1Y
68.7%
AXTI
US$78.36
AXT
7D
-29.3%
1Y
3,939.2%
PDFS
US$58.74
PDF Solutions
7D
5.9%
1Y
190.8%
Narrative Update • Jun 04

PDFS: Forward Margin Gains And Lock Up Constraints Will Shape Fairly Valued Outlook

Analysts nudged their price target for PDF Solutions slightly higher to $54.88 from $54.50, citing updated assumptions around revenue growth, margins and a modestly lower future P/E multiple in recent research updates from several firms. Analyst Commentary Recent research updates have centered on refreshed models for revenue growth, margins and the future P/E multiple, which together feed into higher price targets across several firms.
KLAC
US$2,139.37
KLA
7D
4.6%
1Y
149.8%
Narrative Update • Jun 04

KLAC: AI-Driven Demand Will Eventually Test High Expectations For 2030 Targets

The analyst price target for KLA has increased to $1,855 from $1,676, with analysts citing updated assumptions for revenue growth, profit margins, and long-term forecasts from recent research coverage. Analyst Commentary Recent research coverage on KLA has been active, with multiple firms adjusting price targets and updating their views following the company's Investor Day and revised long-term targets.
VECO
US$67.19
Veeco Instruments
7D
10.1%
1Y
208.1%
Narrative Update • Jun 04

VECO: Higher AI Infrastructure Hopes Will Likely Leave Shares Sensitive To Execution

Analysts now frame Veeco Instruments’ fair value at $55, up from $30, reflecting updated expectations for revenue growth, profit margin and future P/E after recent earnings-driven model revisions. Analyst Commentary Street research around Veeco Instruments has centered on refreshed models after recent earnings, with some firms lifting formal price targets, including a move to US$55 from US$30 while keeping a neutral stance on the stock.
AMKR
US$70.91
Amkor Technology
7D
-5.1%
1Y
246.7%
Seeking Alpha • Jun 03

Amkor Technology: The Advanced Packaging Backbone Of The AI Era Is Still Underpriced

Summary Amkor Technology (AMKR) is positioned as a critical chokepoint in the AI supply chain, yet trades at only 2.35x forward revenue with 27.5% YoY growth. AMKR’s advanced packaging, especially High-Density Fan-Out, is driving margin expansion, with Q3 expected to be pivotal for financial performance. Management targets $9B in revenue and 17.5% gross margin by 2028, scaling to $11B and 22% by 2030, supporting a Buy rating despite the recent stock pullback. Balance sheet strength and CHIPS Act funding mitigate capex risk, while customer concentration and Arizona ramp remain key risks to monitor. Read the full article on Seeking Alpha