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U.S. Semiconductor Equipment Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies38
  • 7D7.0%
  • 3M8.5%
  • 1Y171.3%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 5.0%, with Applied Materials leading the way with a 6.2% gain. In the same time, SolarEdge Technologies was down 23%. In the last 12 months, the industry was up 168%. 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, 08 Aug 2026US$1.3tUS$106.1bUS$24.2b53.6x53x12.1x
Mon, 06 Jul 2026US$1.5tUS$101.7bUS$22.6b74.2x65.5x14.5x
Wed, 03 Jun 2026US$1.3tUS$101.7bUS$22.6b70.6x56.1x12.4x
Fri, 01 May 2026US$1.1tUS$100.3bUS$21.7b48.6x49.8x10.8x
Sun, 29 Mar 2026US$907.9bUS$97.8bUS$20.8b42x43.7x9.3x
Tue, 24 Feb 2026US$998.4bUS$97.8bUS$20.8b40.3x48.1x10.2x
Thu, 22 Jan 2026US$911.3bUS$95.9bUS$19.0b48.3x47.9x9.5x
Sat, 20 Dec 2025US$699.0bUS$95.9bUS$19.0b37.8x36.7x7.3x
Mon, 17 Nov 2025US$635.0bUS$95.8bUS$19.0b34.7x33.4x6.6x
Wed, 15 Oct 2025US$585.1bUS$89.4bUS$16.3b32.6x35.8x6.5x
Fri, 12 Sep 2025US$479.1bUS$89.4bUS$16.3b28.3x29.3x5.4x
Sun, 10 Aug 2025US$478.5bUS$89.1bUS$16.2b25.1x29.5x5.4x
Tue, 08 Jul 2025US$485.1bUS$87.0bUS$15.5b28.6x31.3x5.6x
Thu, 05 Jun 2025US$409.6bUS$87.0bUS$15.5b24.6x26.5x4.7x
Sat, 03 May 2025US$370.8bUS$86.4bUS$15.0b25.7x24.8x4.3x
Mon, 31 Mar 2025US$375.5bUS$84.8bUS$14.2b28.4x26.4x4.4x
Wed, 26 Feb 2025US$434.6bUS$85.1bUS$14.4b33.6x30.2x5.1x
Fri, 24 Jan 2025US$474.6bUS$83.2bUS$14.6b36.6x32.5x5.7x
Sun, 22 Dec 2024US$405.8bUS$83.2bUS$14.6b26.7x27.8x4.9x
Tue, 19 Nov 2024US$400.4bUS$83.2bUS$14.6b29x27.4x4.8x
Thu, 17 Oct 2024US$444.1bUS$82.5bUS$15.6b26.5x28.5x5.4x
Sat, 14 Sep 2024US$452.6bUS$82.5bUS$15.6b25.4x29x5.5x
Mon, 12 Aug 2024US$471.6bUS$82.6bUS$15.7b25x30.1x5.7x
Wed, 10 Jul 2024US$596.1bUS$82.8bUS$13.8b34.4x43.3x7.2x
Fri, 07 Jun 2024US$545.9bUS$82.8bUS$13.8b28.5x39.7x6.6x
Sun, 05 May 2024US$498.4bUS$83.3bUS$13.8b31.5x36x6x
Tue, 02 Apr 2024US$511.6bUS$84.5bUS$14.2b36.1x36x6.1x
Thu, 29 Feb 2024US$493.7bUS$84.9bUS$14.5b33.9x34.1x5.8x
Sat, 27 Jan 2024US$460.0bUS$88.0bUS$15.0b24.9x30.7x5.2x
Mon, 25 Dec 2023US$434.4bUS$90.1bUS$15.9b25.7x27.3x4.8x
Wed, 22 Nov 2023US$389.7bUS$90.0bUS$15.9b24.5x24.5x4.3x
Fri, 20 Oct 2023US$354.6bUS$92.3bUS$16.4b23.2x21.6x3.8x
Sun, 17 Sep 2023US$365.7bUS$93.9bUS$17.0b24.8x21.6x3.9x
Tue, 15 Aug 2023US$389.6bUS$94.0bUS$17.0b25.5x22.9x4.1x
Price to Earnings Ratio

22.9x


Total Market Cap: US$389.6bTotal Earnings: US$17.0bTotal Revenue: US$94.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 34.9x202420252026
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 53.9x which is higher than its 3-year average PE of 34.9x.
  • The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 12.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.9% 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 Market4.05%
Tech7.60%
Semiconductors9.69%
Semiconductor Equipment7.00%
Semiconductors10.01%
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$539.146.2%
+US$25.0b		191.6%PE50.3x
LRCX Lam ResearchUS$311.356.3%
+US$22.9b		206.0%PE53.6x
KLAC KLAUS$198.118.4%
+US$20.0b		116.6%PE53.6x
ENTG EntegrisUS$152.0827.7%
+US$5.1b		107.9%PE76.1x
ONTO Onto InnovationUS$308.3019.2%
+US$2.5b		199.7%PE115.7x

Latest News

KLAC
US$198.11
KLA
7D
8.4%
1Y
116.6%
LRCX
US$311.35
Lam Research
7D
6.3%
1Y
206.0%
ONTO
US$308.30
Onto Innovation
7D
19.2%
1Y
199.7%
Q
US$138.00
Qnity Electronics
7D
5.2%
1Y
n/a
Analysis Article • 20h

Analysts Have Made A Financial Statement On Qnity Electronics, Inc.'s (NYSE:Q) Second-Quarter Report

Investors in Qnity Electronics, Inc. ( NYSE:Q ) had a good week, as its shares rose 2.2% to close at US$133 following...
ENTG
US$152.08
Entegris
7D
27.7%
1Y
107.9%
SEDG
US$31.76
SolarEdge Technologies
7D
-22.9%
1Y
27.3%
Narrative Update • Aug 06

SEDG: Policy Hype And Weak Residential Demand Will Pressure Rich Multiple

Analysts have trimmed the updated fair value estimate for SolarEdge Technologies, with the target shifting to $24.00. This change reflects mixed Street price target revisions, more cautious assumptions on revenue growth and profit margins, and a very large implied future P/E multiple amid ongoing debates about demand, policy risk, and valuation.
ICHR
US$68.32
Ichor Holdings
7D
-9.2%
1Y
291.7%
Narrative Update • Aug 05

ICHR: Up Cycle Margin Hopes Will Rely On Structural Changes

Analysts have reset the fair value estimate for Ichor Holdings to $80 from $60, highlighting recent shifts in price targets alongside mixed quarterly results, expectations for low double digit quarter over quarter growth, and ongoing structural changes at the company. Analyst Commentary Recent Street research on Ichor Holdings shows a more cautious tone even as some targets remain well above current trading levels.
AXTI
US$88.58
AXT
7D
46.6%
1Y
4,039.3%
AMAT
US$539.14
Applied Materials
7D
6.2%
1Y
191.6%
Seeking Alpha • Jul 31

Applied Materials: Why I'm Maintaining A 'Strong Buy' After A 45% Run

Summary Applied Materials remains a "Strong Buy" after a 45% rally, driven by robust Q2 results and sector momentum. Q2 revenue reaccelerated to $7.91 billion (+11% YoY), with a record 31.9% operating margin, and raised the 2026 semiconductor equipment growth outlook to 30%+. Management's improved revenue visibility, strategic NEXX acquisition, and deepening EPIC Center partnerships strengthen AMAT’s competitive moat and growth prospects. I raise my fair GAAP PE multiple to 45x–55x, with AMAT trading at the lower end (47x), supporting further upside despite geopolitical risks. Read the full article on Seeking Alpha
TER
US$379.31
Teradyne
7D
3.2%
1Y
252.9%
Narrative Update • Jul 30

TER: AI Test And Robotics Will Benefit From Extended Backlog Visibility

Teradyne's updated analyst price target has shifted to $442.20, with analysts pointing to stronger Q2 results, robust guidance, and expectations for sustained testing demand tied to AI infrastructure and semiconductor equipment spending as key factors supporting the new level. Analyst Commentary Recent analyst commentary on Teradyne centers on how the company is positioned for AI driven semiconductor demand, the depth of its order backlog, and the implications of higher long term industry forecasts for its valuation and growth profile.