Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductor Equipment Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies38
  • 7D4.7%
  • 3M52.4%
  • 1Y117.9%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 4.7%, driven by gains from Applied Materials of 7.4%. Meanwhile, Amkor Technology actually underperformed within the industry, shrinking 9.6% in the last week. This takes the industry's 12 month performance to a gain of 118%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026US$963.2bUS$97.5bUS$20.7b42.1x46.6x9.9x
Wed, 14 Jan 2026US$866.5bUS$95.9bUS$19.0b45.5x45.5x9x
Fri, 12 Dec 2025US$736.3bUS$95.9bUS$19.0b39x38.7x7.7x
Sun, 09 Nov 2025US$669.9bUS$96.0bUS$18.9b37x35.4x7x
Tue, 07 Oct 2025US$607.8bUS$89.4bUS$16.3b35.1x37.2x6.8x
Thu, 04 Sep 2025US$444.6bUS$89.4bUS$16.3b25.7x27.2x5x
Sat, 02 Aug 2025US$461.4bUS$87.6bUS$15.5b26.8x29.7x5.3x
Mon, 30 Jun 2025US$467.5bUS$87.0bUS$15.5b28.1x30.2x5.4x
Wed, 28 May 2025US$397.3bUS$87.0bUS$15.5b23.3x25.6x4.6x
Fri, 25 Apr 2025US$355.0bUS$85.9bUS$14.6b26.5x24.3x4.1x
Sun, 23 Mar 2025US$395.0bUS$84.8bUS$14.2b30.3x27.8x4.7x
Tue, 18 Feb 2025US$439.0bUS$85.1bUS$14.5b35x30.2x5.2x
Thu, 16 Jan 2025US$432.0bUS$83.2bUS$14.6b35.3x29.6x5.2x
Sat, 14 Dec 2024US$421.0bUS$83.2bUS$14.6b28x28.8x5.1x
Mon, 11 Nov 2024US$448.3bUS$82.9bUS$14.9b30x30.2x5.4x
Wed, 09 Oct 2024US$483.8bUS$82.5bUS$15.6b26.4x31x5.9x
Fri, 06 Sep 2024US$457.2bUS$82.5bUS$15.6b25.3x29.3x5.5x
Sun, 04 Aug 2024US$445.1bUS$83.3bUS$14.0b25.6x31.9x5.3x
Tue, 02 Jul 2024US$572.1bUS$82.8bUS$13.8b32.7x41.6x6.9x
Thu, 30 May 2024US$543.1bUS$82.8bUS$13.8b27.4x39.5x6.6x
Sat, 27 Apr 2024US$498.5bUS$83.9bUS$14.1b35.1x35.5x5.9x
Mon, 25 Mar 2024US$515.3bUS$84.5bUS$14.2b35.5x36.3x6.1x
Wed, 21 Feb 2024US$476.1bUS$85.5bUS$14.7b32.6x32.4x5.6x
Fri, 19 Jan 2024US$427.5bUS$90.1bUS$15.9b25.1x26.9x4.7x
Sun, 17 Dec 2023US$431.2bUS$90.1bUS$15.9b25.7x27.1x4.8x
Tue, 14 Nov 2023US$378.2bUS$90.2bUS$15.5b23.7x24.3x4.2x
Thu, 12 Oct 2023US$377.6bUS$93.9bUS$17.0b24.8x22.3x4x
Sat, 09 Sep 2023US$391.8bUS$93.9bUS$17.0b25.2x23.1x4.2x
Mon, 07 Aug 2023US$400.2bUS$94.4bUS$17.3b20.4x23.1x4.2x
Wed, 05 Jul 2023US$406.2bUS$96.1bUS$20.1b19.8x20.2x4.2x
Fri, 02 Jun 2023US$385.0bUS$96.1bUS$20.1b17.7x19.1x4x
Sun, 30 Apr 2023US$328.4bUS$95.5bUS$20.6b15x15.9x3.4x
Tue, 28 Mar 2023US$338.9bUS$96.1bUS$21.2b16.2x16x3.5x
Thu, 23 Feb 2023US$330.2bUS$95.3bUS$21.1b14.8x15.7x3.5x
Price to Earnings Ratio

15.7x


Total Market Cap: US$330.2bTotal 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 29.1x202420252026
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 29.1x.
  • 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-1.34%
Tech-1.56%
Semiconductors-0.38%
Semiconductor Equipment4.73%
Semiconductors-0.95%
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$354.917.4%
+US$19.3b		109.8%PE35.9x
LRCX Lam ResearchUS$235.532.7%
+US$7.8b		184.6%PE47.3x
KLAC KLAUS$1.46k1.7%
+US$3.1b		95.0%PE42.1x
ENTG EntegrisUS$131.437.4%
+US$1.4b		22.7%PE84.7x
Q Qnity ElectronicsUS$111.696.2%
+US$1.4b		n/aPE29.1x

Latest News

KLIC
US$71.62
Kulicke and Soffa Industries
7D
-1.8%
1Y
74.4%
AMKR
US$47.48
Amkor Technology
7D
-9.6%
1Y
110.9%
AMAT
US$354.91
Applied Materials
7D
7.4%
1Y
109.8%
NVMI
US$443.76
Nova
7D
-4.3%
1Y
65.6%
ENTG
US$131.43
Entegris
7D
7.4%
1Y
22.7%
COHU
US$30.60
Cohu
7D
-3.4%
1Y
44.9%
MKSI
US$260.74
MKS
7D
4.0%
1Y
151.5%
LRCX
US$235.53
Lam Research
7D
2.7%
1Y
184.6%
CAMT
US$162.00
Camtek
7D
7.7%
1Y
86.6%

CAMT: AI Memory Cycle Will Drive Multi Year Cash Flow Upside

Our Camtek fair value estimate increases to $175 from $145, reflecting analysts' higher price targets and updated assumptions for slightly stronger revenue growth, profit margins, and future P/E multiples, along with a modestly lower discount rate. Analyst Commentary Recent Street research around Camtek clusters around higher price targets and a constructive setup for 2026, particularly tied to high performance computing and artificial intelligence memory trends.
KLAC
US$1,464.13
KLA
7D
1.7%
1Y
95.0%
TER
US$314.66
Teradyne
7D
1.5%
1Y
177.8%
SEDG
US$35.53
SolarEdge Technologies
7D
-3.5%
1Y
117.2%

SEDG: U.S. Manufacturing Shift Will Support Margin Turnaround And Future Upside

Analysts have lifted their price expectations for SolarEdge by US$3, citing gradual progress in the turnaround, contributions from new products like Nexis and Single, and improved margin and market share prospects supported by U.S. manufacturing and export plans. Analyst Commentary Recent research on SolarEdge highlights a mix of caution and growing optimism around the turnaround story, especially as new products and U.S. manufacturing plans enter the picture.
ASYS
US$11.42
Amtech Systems
7D
-9.1%
1Y
95.5%

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).
ENPH
US$43.49
Enphase Energy
7D
-13.5%
1Y
-32.0%

ENPH: Fair Value View Weighs Residential Demand Risks And Product Pipeline Visibility

Analysts have raised their price target on Enphase Energy from about US$38 to roughly US$45. This reflects updated views on slightly firmer revenue expectations, a modestly lower discount rate, and a higher assumed future P/E multiple supported by a wave of recent target hikes and upgrades across major firms.
Q
US$111.69
Qnity Electronics
7D
6.2%
1Y
n/a
AXTI
US$24.24
AXT
7D
-12.7%
1Y
987.0%

AXTI: Export Permit Constraints And Equity Offering Will Pressure Future Returns

Analysts have raised their price target on AXT to US$18 from US$9, citing valuation after the company adjusted its Q4 revenue outlook due to fewer export permits for InP substrates from the Chinese government. Analyst Commentary Bearish analysts are framing the new US$18 price target as less about improving fundamentals and more about the stock having already run ahead of what they see as reasonable expectations.