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U.S. Semiconductor Equipment Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies38
  • 7D3.9%
  • 3M50.9%
  • 1Y113.9%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 3.9%, with Applied Materials up 9.1%. In the last 12 months, the industry was up 114%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026US$962.1bUS$97.5bUS$20.7b42.2x46.6x9.9x
Sat, 17 Jan 2026US$900.8bUS$95.9bUS$19.0b48.4x47.3x9.4x
Mon, 15 Dec 2025US$699.1bUS$95.9bUS$19.0b37.2x36.7x7.3x
Wed, 12 Nov 2025US$688.8bUS$96.0bUS$18.8b36.7x36.6x7.2x
Fri, 10 Oct 2025US$596.9bUS$89.4bUS$16.3b33.5x36.5x6.7x
Sun, 07 Sep 2025US$453.1bUS$89.4bUS$16.3b26.6x27.7x5.1x
Tue, 05 Aug 2025US$465.2bUS$88.9bUS$16.2b25.7x28.7x5.2x
Thu, 03 Jul 2025US$469.7bUS$87.0bUS$15.5b29x30.3x5.4x
Sat, 31 May 2025US$407.1bUS$87.0bUS$15.5b22.9x26.3x4.7x
Mon, 28 Apr 2025US$377.0bUS$85.9bUS$14.6b26.5x25.8x4.4x
Wed, 26 Mar 2025US$405.2bUS$84.8bUS$14.2b30.9x28.5x4.8x
Fri, 21 Feb 2025US$454.2bUS$84.9bUS$14.4b36.2x31.6x5.3x
Sun, 19 Jan 2025US$465.8bUS$83.2bUS$14.6b36.4x31.9x5.6x
Tue, 17 Dec 2024US$421.6bUS$83.2bUS$14.6b27.6x28.9x5.1x
Thu, 14 Nov 2024US$435.8bUS$82.9bUS$14.9b28.2x29.3x5.3x
Sat, 12 Oct 2024US$489.1bUS$82.5bUS$15.6b27.4x31.4x5.9x
Mon, 09 Sep 2024US$436.9bUS$82.5bUS$15.6b24.9x28x5.3x
Wed, 07 Aug 2024US$446.9bUS$83.3bUS$14.0b25.7x32x5.4x
Fri, 05 Jul 2024US$587.3bUS$82.8bUS$13.8b33.4x42.7x7.1x
Sun, 02 Jun 2024US$525.9bUS$82.8bUS$13.8b28x38.2x6.4x
Tue, 30 Apr 2024US$498.1bUS$83.9bUS$14.1b35.2x35.4x5.9x
Thu, 28 Mar 2024US$511.7bUS$84.5bUS$14.2b35.7x36x6.1x
Sat, 24 Feb 2024US$486.8bUS$84.9bUS$14.5b33.8x33.6x5.7x
Mon, 22 Jan 2024US$444.7bUS$90.1bUS$15.9b24.7x28x4.9x
Wed, 20 Dec 2023US$433.4bUS$90.1bUS$15.9b26.3x27.2x4.8x
Fri, 17 Nov 2023US$394.3bUS$90.1bUS$15.5b24.8x25.4x4.4x
Sun, 15 Oct 2023US$374.3bUS$93.9bUS$17.0b24.8x22.1x4x
Tue, 12 Sep 2023US$386.7bUS$93.9bUS$17.0b24.9x22.8x4.1x
Thu, 10 Aug 2023US$397.9bUS$94.1bUS$17.0b25.6x23.3x4.2x
Sat, 08 Jul 2023US$387.7bUS$96.1bUS$20.1b18.8x19.3x4x
Mon, 05 Jun 2023US$384.8bUS$96.1bUS$20.1b17.9x19.1x4x
Wed, 03 May 2023US$323.3bUS$95.3bUS$20.5b14.7x15.8x3.4x
Fri, 31 Mar 2023US$353.0bUS$96.1bUS$21.2b16.7x16.7x3.7x
Sun, 26 Feb 2023US$331.3bUS$95.3bUS$21.1b14.9x15.7x3.5x
Price to Earnings Ratio

15.7x


Total Market Cap: US$331.3bTotal Earnings: US$21.1bTotal Revenue: US$95.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 29.2x202420252026
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 46.6x which is higher than its 3-year average PE of 29.2x.
  • The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 9.9x.
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 Market-1.58%
Tech-2.59%
Semiconductors-0.94%
Semiconductor Equipment3.88%
Semiconductors-1.48%
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
AMAT Applied MaterialsUS$369.308.7%
+US$23.4b		112.2%PE37.4x
LRCX Lam ResearchUS$240.092.1%
+US$6.2b		173.9%PE48.3x
Q Qnity ElectronicsUS$115.250.6%
+US$155.0m		n/aPE30x
KLAC KLAUS$1.48k0.05%
+US$104.9m		91.1%PE42.6x
ATOM AtomeraUS$5.48122.8%
+US$99.4m		-13.3%PS2727.7x

Latest News

AMAT
US$369.30
Applied Materials
7D
8.7%
1Y
112.2%
ACLS
US$82.01
Axcelis Technologies
7D
-10.7%
1Y
28.9%
AMKR
US$46.74
Amkor Technology
7D
-16.8%
1Y
105.7%
MKSI
US$250.36
MKS
7D
-3.4%
1Y
134.4%
KLAC
US$1,480.30
KLA
7D
0.05%
1Y
91.1%

KLAC: AI And DRAM Upswing Will Test Elevated P/E Expectations

The analyst fair value estimate for KLA has been raised by $52 to $1,332, as analysts generally factor in slightly higher revenue growth and profit margins, a modestly lower discount rate, and Street research that points to stronger wafer fab equipment spending and KLA's position in leading edge logic and memory. Analyst Commentary Recent Street research around KLA features a cluster of higher price targets and several rating upgrades, with many firms pointing to wafer fab equipment spending, leading edge logic and memory exposure, and KLA's competitive position as key drivers in their models.
ATOM
US$5.48
Atomera
7D
122.8%
1Y
-13.3%
KLIC
US$68.98
Kulicke and Soffa Industries
7D
-7.9%
1Y
58.8%
NVMI
US$451.85
Nova
7D
-5.0%
1Y
65.5%
ENTG
US$131.89
Entegris
7D
-4.3%
1Y
22.1%
PDFS
US$33.25
PDF Solutions
7D
2.2%
1Y
51.1%
ICHR
US$47.84
Ichor Holdings
7D
0.5%
1Y
36.4%
LRCX
US$240.09
Lam Research
7D
2.1%
1Y
173.9%
ACMR
US$64.61
ACM Research
7D
-8.6%
1Y
144.4%
TER
US$314.82
Teradyne
7D
-2.1%
1Y
171.6%
ASYS
US$11.86
Amtech Systems
7D
3.2%
1Y
108.4%

ASYS: Future Earnings Guidance And Buyback Program Will Drive Upside Potential

Analysts have lifted their price target on Amtech Systems to $16.00 to reflect updated views on fair value, supported by revised assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. What's in the News Amtech issued earnings guidance for the fiscal year ended September 30, 2025, with estimated net revenue of $79.4 million (company guidance).
Q
US$115.25
Qnity Electronics
7D
0.6%
1Y
n/a