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U.S. Semiconductor Equipment Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies39
  • 7D-1.2%
  • 3M46.3%
  • 1Y139.0%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 1.2%, driven by Lam Research declining 4.5%. In the past year, the industry has gained 139%. 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
Sun, 01 Mar 2026US$987.0bUS$97.9bUS$20.8b45.4x47.5x10.1x
Tue, 27 Jan 2026US$895.5bUS$95.9bUS$19.0b48x47x9.3x
Thu, 25 Dec 2025US$733.3bUS$95.9bUS$19.0b38.8x38.5x7.6x
Sat, 22 Nov 2025US$607.3bUS$95.9bUS$19.0b33.7x31.9x6.3x
Mon, 20 Oct 2025US$606.2bUS$89.4bUS$16.3b33.3x37.1x6.8x
Wed, 17 Sep 2025US$508.0bUS$89.4bUS$16.3b29.4x31.1x5.7x
Fri, 15 Aug 2025US$498.7bUS$89.1bUS$16.2b26.7x30.7x5.6x
Sun, 13 Jul 2025US$494.9bUS$87.0bUS$15.5b31.5x32x5.7x
Tue, 10 Jun 2025US$423.1bUS$87.0bUS$15.5b25.4x27.3x4.9x
Thu, 08 May 2025US$376.6bUS$86.3bUS$15.0b26.4x25x4.4x
Sat, 05 Apr 2025US$342.4bUS$84.8bUS$14.2b22.6x24.1x4x
Mon, 03 Mar 2025US$408.5bUS$84.8bUS$14.2b32.7x28.8x4.8x
Wed, 29 Jan 2025US$426.6bUS$83.2bUS$14.6b34.3x29.2x5.1x
Fri, 27 Dec 2024US$418.7bUS$83.2bUS$14.6b28x28.7x5x
Sun, 24 Nov 2024US$417.8bUS$83.2bUS$14.6b28.3x28.6x5x
Tue, 22 Oct 2024US$442.9bUS$82.5bUS$15.6b26.3x28.4x5.4x
Thu, 19 Sep 2024US$463.2bUS$82.5bUS$15.6b24.5x29.7x5.6x
Sat, 17 Aug 2024US$520.1bUS$83.0bUS$15.8b26.2x32.9x6.3x
Mon, 15 Jul 2024US$592.5bUS$82.8bUS$13.8b34.2x43.1x7.2x
Wed, 12 Jun 2024US$554.2bUS$82.8bUS$13.8b27.5x40.3x6.7x
Fri, 10 May 2024US$505.1bUS$82.7bUS$13.6b31.7x37.1x6.1x
Sun, 07 Apr 2024US$507.0bUS$84.5bUS$14.2b34.5x35.7x6x
Tue, 05 Mar 2024US$517.6bUS$84.5bUS$14.2b36x36.5x6.1x
Thu, 01 Feb 2024US$441.2bUS$88.0bUS$15.0b24.8x29.4x5x
Sat, 30 Dec 2023US$438.7bUS$90.1bUS$15.9b25.8x27.6x4.9x
Mon, 27 Nov 2023US$396.7bUS$90.0bUS$15.9b24.4x24.9x4.4x
Wed, 25 Oct 2023US$347.4bUS$92.3bUS$16.4b22.9x21.2x3.8x
Fri, 22 Sep 2023US$359.4bUS$93.9bUS$17.0b24.6x21.2x3.8x
Sun, 20 Aug 2023US$381.3bUS$93.9bUS$17.0b25x22.5x4.1x
Tue, 18 Jul 2023US$401.8bUS$96.1bUS$20.1b21.5x20x4.2x
Thu, 15 Jun 2023US$398.6bUS$96.1bUS$20.1b18.8x19.8x4.1x
Sat, 13 May 2023US$335.3bUS$95.7bUS$20.1b15.2x16.7x3.5x
Mon, 10 Apr 2023US$331.0bUS$96.1bUS$21.2b15.8x15.6x3.4x
Wed, 08 Mar 2023US$341.2bUS$96.1bUS$21.2b16.4x16.1x3.6x
Price to Earnings Ratio

16.1x


Total Market Cap: US$341.2bTotal 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 29.5x202420252026
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 47.5x which is higher than its 3-year average PE of 29.5x.
  • 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 Market-0.57%
Tech-2.05%
Semiconductors-4.37%
Semiconductor Equipment-1.16%
Semiconductors-4.75%
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$1.52k1.9%
+US$3.7b		115.1%PE43.8x
Q Qnity ElectronicsUS$126.7611.7%
+US$2.8b		n/aPE38.4x
CAMT CamtekUS$167.3913.0%
+US$884.0m		124.6%PE151.2x
AXTI AXTUS$37.9027.7%
+US$439.0m		2,268.8%PS22.9x
FORM FormFactorUS$98.884.6%
+US$374.5m		196.9%PE141.7x

Latest News

ENTG
US$132.45
Entegris
7D
-1.5%
1Y
30.9%
Q
US$126.76
Qnity Electronics
7D
11.7%
1Y
n/a
VECO
US$30.56
Veeco Instruments
7D
4.2%
1Y
37.4%
AMAT
US$372.30
Applied Materials
7D
-0.8%
1Y
135.5%
LRCX
US$233.89
Lam Research
7D
-4.5%
1Y
204.8%
ACLS
US$82.61
Axcelis Technologies
7D
3.1%
1Y
50.8%
MKSI
US$244.46
MKS
7D
-5.7%
1Y
166.2%
CAMT
US$167.39
Camtek
7D
13.0%
1Y
124.6%

CAMT: AI Packaging Cycle And 2026 Double Digit Upside Look Underappreciated

Analysts have raised our Camtek fair value estimate from $126.75 to $173.83, citing higher Street price targets in the $145 to $190 range, improved revenue and EPS projections, and greater visibility into margins and growth beyond 2026. Analyst Commentary Street research on Camtek is skewed toward higher valuation targets, but not all commentators agree on the risk and reward tradeoff at current levels.
ACMR
US$55.68
ACM Research
7D
-16.4%
1Y
114.6%

ACMR: Execution Risks And Rich P/E Multiple Are Expected To Restrain Returns

Analysts have raised their price target on ACM Research by about $3 to roughly $52, citing updated assumptions around fair value, revenue growth, profit margins, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research around ACM Research price targets shows a mix of optimism and caution, with changes clustered within a relatively tight band and grounded in revised assumptions on earnings power, growth trajectories, and perceived risk.
SEDG
US$35.40
SolarEdge Technologies
7D
-6.6%
1Y
114.7%

SEDG: Data Center Opportunity Will Struggle To Justify Margin Recovery Hopes

Analysts nudged their fair value estimate for SolarEdge Technologies higher to $33.80 from $33.13, reflecting a blend of mixed price target revisions across the Street, recent Q4 margin and free cash flow trends, and updated views on longer term earnings potential and valuation multiples. Analyst Commentary Street research on SolarEdge Technologies presents a mixed but detailed picture, with price targets clustered in the mid US$20s to low US$40s and ratings spread across Buy, Hold, Equal Weight, Sector Perform, Market Perform and Underperform.
KLAC
US$1,524.55
KLA
7D
1.9%
1Y
115.1%

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.
AXTI
US$37.90
AXT
7D
27.7%
1Y
2,268.8%
ENPH
US$42.27
Enphase Energy
7D
-9.2%
1Y
-26.3%

ENPH: Recent Upgrades Signal Future Upside Despite Policy And Financing Risks

Analysts have lifted their blended price target for Enphase Energy from about $64 to roughly $71, citing refreshed models that incorporate higher projected revenue growth, a slightly lower discount rate, and updated assumptions for profit margins and future P/E multiples, following a wave of recent target hikes and upgrades across the Street. Analyst Commentary Recent research has been heavily skewed toward more constructive views on Enphase Energy, with several bullish analysts lifting price targets and shifting ratings to a more positive stance.
FORM
US$98.88
FormFactor
7D
4.6%
1Y
196.9%
TER
US$320.03
Teradyne
7D
-1.5%
1Y
191.3%

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.
AEHR
US$37.43
Aehr Test Systems
7D
11.4%
1Y
288.3%