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U.S. Semiconductor Equipment Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies39
  • 7D5.4%
  • 3M54.6%
  • 1Y143.4%
  • YTDn/a

The Semiconductor Equipment industry is up 4.0% in the last week, with Applied Materials up 5.2%. This means that the industry has gained 136% over the past year. 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, 26 Feb 2026US$1.0tUS$97.7bUS$20.8b42.2x49.1x10.4x
Sat, 24 Jan 2026US$900.3bUS$95.9bUS$19.0b47x47.3x9.4x
Mon, 22 Dec 2025US$716.3bUS$95.9bUS$19.0b37.8x37.6x7.5x
Wed, 19 Nov 2025US$626.4bUS$95.8bUS$19.0b33.6x33x6.5x
Fri, 17 Oct 2025US$608.9bUS$89.4bUS$16.3b33.5x37.3x6.8x
Sun, 14 Sep 2025US$497.5bUS$89.4bUS$16.3b28.6x30.4x5.6x
Tue, 12 Aug 2025US$478.3bUS$89.1bUS$16.2b25.2x29.5x5.4x
Thu, 10 Jul 2025US$488.4bUS$87.0bUS$15.5b31.3x31.6x5.6x
Sat, 07 Jun 2025US$415.6bUS$87.0bUS$15.5b24.9x26.8x4.8x
Mon, 05 May 2025US$384.3bUS$86.4bUS$15.0b26.4x25.7x4.5x
Wed, 02 Apr 2025US$375.9bUS$84.8bUS$14.2b28.4x26.5x4.4x
Fri, 28 Feb 2025US$431.4bUS$85.1bUS$14.4b32.4x29.9x5.1x
Sun, 26 Jan 2025US$457.1bUS$83.2bUS$14.6b36.2x31.3x5.5x
Tue, 24 Dec 2024US$405.8bUS$83.2bUS$14.6b27.7x27.8x4.9x
Thu, 21 Nov 2024US$401.9bUS$83.2bUS$14.6b28.7x27.5x4.8x
Sat, 19 Oct 2024US$440.2bUS$82.5bUS$15.6b26.3x28.2x5.3x
Mon, 16 Sep 2024US$465.2bUS$82.5bUS$15.6b25.4x29.8x5.6x
Wed, 14 Aug 2024US$475.2bUS$82.6bUS$15.7b25.1x30.4x5.8x
Fri, 12 Jul 2024US$614.0bUS$82.8bUS$13.8b33.4x44.6x7.4x
Sun, 09 Jun 2024US$537.3bUS$82.8bUS$13.8b28.8x39.1x6.5x
Tue, 07 May 2024US$509.7bUS$83.3bUS$13.8b31.5x36.9x6.1x
Thu, 04 Apr 2024US$512.2bUS$84.5bUS$14.2b35.8x36.1x6.1x
Sat, 02 Mar 2024US$497.5bUS$84.5bUS$14.2b36x35x5.9x
Mon, 29 Jan 2024US$442.2bUS$88.0bUS$15.0b24.9x29.5x5x
Wed, 27 Dec 2023US$434.4bUS$90.1bUS$15.9b26.2x27.3x4.8x
Fri, 24 Nov 2023US$392.0bUS$90.0bUS$15.9b24.3x24.6x4.4x
Sun, 22 Oct 2023US$348.5bUS$92.3bUS$16.4b23x21.2x3.8x
Tue, 19 Sep 2023US$369.5bUS$93.9bUS$17.0b24.8x21.8x3.9x
Thu, 17 Aug 2023US$376.7bUS$94.0bUS$17.0b24.8x22.1x4x
Sat, 15 Jul 2023US$401.8bUS$96.1bUS$20.1b20.7x20x4.2x
Mon, 12 Jun 2023US$386.8bUS$96.1bUS$20.1b18.2x19.2x4x
Wed, 10 May 2023US$326.1bUS$95.5bUS$20.3b15.2x16.1x3.4x
Fri, 07 Apr 2023US$330.8bUS$96.1bUS$21.2b15.8x15.6x3.4x
Sun, 05 Mar 2023US$347.0bUS$96.1bUS$21.2b16x16.4x3.6x
Price to Earnings Ratio

16.4x


Total Market Cap: US$347.0bTotal Earnings: US$21.2bTotal Revenue: US$96.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 29.4x202420252026
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 47.7x which is higher than its 3-year average PE of 29.4x.
  • The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 10.1x.
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 Market0.90%
Tech2.11%
Semiconductors2.95%
Semiconductor Equipment5.43%
Semiconductors2.66%
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$394.956.8%
+US$19.9b		152.1%PE40x
LRCX Lam ResearchUS$249.483.9%
+US$11.7b		206.9%PE50.1x
KLAC KLAUS$1.55k4.5%
+US$8.7b		109.4%PE44.5x
TER TeradyneUS$342.828.9%
+US$4.4b		198.6%PE96.9x
NVMI NovaUS$457.011.1%
+US$1.1b		80.9%PE56x

Latest News

AMKR
US$50.94
Amkor Technology
7D
9.0%
1Y
130.1%
LRCX
US$249.48
Lam Research
7D
3.9%
1Y
206.9%
ACLS
US$80.02
Axcelis Technologies
7D
-2.4%
1Y
33.6%
KLAC
US$1,546.68
KLA
7D
4.5%
1Y
109.4%

KLA Corporation (KLAC) The Precision Arbitrator: Securing the AI Frontier

KLA Corporation (KLAC) stands as the indispensable gatekeeper of the semiconductor world, currently trading at $1,496.00 as of the market close on February 20, 2026. As chip architectures move toward 2nm and beyond, the "process control intensity"—the amount of inspection and measurement required per wafer—is skyrocketing.
AMAT
US$394.95
Applied Materials
7D
6.8%
1Y
152.1%
AXTI
US$40.97
AXT
7D
74.0%
1Y
3,003.8%
TER
US$342.82
Teradyne
7D
8.9%
1Y
198.6%

TER: AI Test Demand And Wafer Fab Spending Upswing Will Drive Outlook

Our Teradyne fair value estimate edges up by about $1 to $397.65 as analysts lift price targets on expectations for stronger semiconductor capital equipment demand, partially offset by a few valuation driven downgrades. Analyst Commentary Recent Street research on Teradyne has been active, with several firms adjusting views and price targets in both directions.
Q
US$119.86
Qnity Electronics
7D
4.0%
1Y
n/a
NVMI
US$457.01
Nova
7D
1.1%
1Y
80.9%

NVMI: Multi Year Metrology Demand And Execution Risks Will Shape Future Free Cash Flow

Analysts have raised their implied fair value estimate for Nova by about $108 to approximately $502 per share, citing updated expectations for revenue growth, profit margins, and a higher future P/E multiple that is supported by a wave of recent price target increases across the Street. Analyst Commentary Recent Street research has clustered around higher price targets for Nova, with several firms lifting their valuation ranges and reiterating generally neutral to positive stances on the stock.
VECO
US$28.46
Veeco Instruments
7D
-2.9%
1Y
20.9%

VECO: DRAM Opportunities And Merger Vote Will Shape Balanced Outlook

Analysts have adjusted their price target on Veeco Instruments to $36 from $38, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Veeco Instruments has scheduled a special or extraordinary shareholders meeting for February 6, 2026, to vote on issuing shares of Axcelis common stock to certain Veeco equityholders under a merger agreement with Axcelis and Victory Merger Sub, Inc.