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U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies39
  • 7D7.7%
  • 3M59.2%
  • 1Y224.5%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 7.7%, with Teradyne up 6.3%. This means that the industry has gained 224% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026US$1.4tUS$101.7bUS$22.6b68.5x60.9x13.5x
Mon, 04 May 2026US$1.1tUS$100.3bUS$21.8b48.1x50.3x10.9x
Wed, 01 Apr 2026US$880.5bUS$97.8bUS$20.8b42.6x42.4x9x
Fri, 27 Feb 2026US$1.0tUS$97.8bUS$20.6b45.9x50.3x10.6x
Sun, 25 Jan 2026US$895.5bUS$95.9bUS$19.0b47x47x9.3x
Tue, 23 Dec 2025US$720.1bUS$95.9bUS$19.0b38.4x37.8x7.5x
Thu, 20 Nov 2025US$628.9bUS$95.8bUS$19.0b34.1x33.1x6.6x
Sat, 18 Oct 2025US$609.6bUS$89.4bUS$16.3b33.3x37.3x6.8x
Mon, 15 Sep 2025US$497.5bUS$89.4bUS$16.3b28.6x30.4x5.6x
Wed, 13 Aug 2025US$479.9bUS$89.1bUS$16.2b26.5x29.6x5.4x
Fri, 11 Jul 2025US$490.4bUS$87.0bUS$15.5b31.6x31.7x5.6x
Sun, 08 Jun 2025US$423.0bUS$87.0bUS$15.5b24.9x27.3x4.9x
Tue, 06 May 2025US$382.9bUS$86.4bUS$15.0b25.8x25.6x4.4x
Thu, 03 Apr 2025US$376.9bUS$84.8bUS$14.2b28.4x26.5x4.4x
Sat, 01 Mar 2025US$405.9bUS$84.8bUS$14.2b32.7x28.6x4.8x
Mon, 27 Jan 2025US$457.1bUS$83.2bUS$14.6b36.2x31.3x5.5x
Wed, 25 Dec 2024US$418.7bUS$83.2bUS$14.6b28.3x28.7x5x
Fri, 22 Nov 2024US$403.7bUS$83.2bUS$14.6b29.5x27.7x4.9x
Sun, 20 Oct 2024US$442.9bUS$82.5bUS$15.6b26.3x28.4x5.4x
Tue, 17 Sep 2024US$465.2bUS$82.5bUS$15.6b25.2x29.8x5.6x
Thu, 15 Aug 2024US$494.0bUS$82.6bUS$15.7b24.7x31.5x6x
Sat, 13 Jul 2024US$587.0bUS$82.8bUS$13.8b34.2x42.7x7.1x
Mon, 10 Jun 2024US$537.3bUS$82.8bUS$13.8b28.8x39.1x6.5x
Wed, 08 May 2024US$506.4bUS$83.3bUS$13.8b31.2x36.6x6.1x
Fri, 05 Apr 2024US$511.7bUS$84.5bUS$14.2b34.8x36.1x6.1x
Sun, 03 Mar 2024US$518.9bUS$84.5bUS$14.2b36x36.6x6.1x
Tue, 30 Jan 2024US$442.2bUS$88.0bUS$15.0b25.4x29.5x5x
Thu, 28 Dec 2023US$441.3bUS$90.1bUS$15.9b26.2x27.7x4.9x
Sat, 25 Nov 2023US$396.7bUS$90.0bUS$15.9b24.4x24.9x4.4x
Mon, 23 Oct 2023US$348.5bUS$92.3bUS$16.4b23x21.2x3.8x
Wed, 20 Sep 2023US$366.5bUS$93.9bUS$17.0b24.8x21.6x3.9x
Fri, 18 Aug 2023US$376.7bUS$94.0bUS$17.0b24.8x22.1x4x
Sun, 16 Jul 2023US$401.8bUS$96.1bUS$20.1b20.7x20x4.2x
Tue, 13 Jun 2023US$396.7bUS$96.1bUS$20.1b18.6x19.7x4.1x
Price to Earnings Ratio

19.7x


Total Market Cap: US$396.7bTotal Earnings: US$20.1bTotal Revenue: US$96.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 32.5x202420252026
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 60.9x which is higher than its 3-year average PE of 32.4x.
  • The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 13.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 3.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Semiconductor Equipment compare with similar industries?

US Market-0.11%
Tech2.80%
Semiconductors2.73%
Semiconductor Equipment7.65%
Semiconductors2.21%
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$453.010.7%
+US$2.3b		171.7%PE42.3x
KLAC KLAUS$1.93k0.4%
+US$978.4m		138.8%PE54x
AEHR Aehr Test SystemsUS$98.456.6%
+US$192.5m		768.2%PS68.4x
PDFS PDF SolutionsUS$51.455.4%
+US$109.7m		167.3%PE299.9x
VECO Veeco InstrumentsUS$58.451.4%
+US$49.4m		184.2%PE154.3x

Latest News

LRCX
US$303.28
Lam Research
7D
-4.7%
1Y
251.2%
Seeking Alpha • 5h

Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy - Despite A Rich Valuation

Summary Lam Research earns a Buy rating with a 12-month price target of $360–$380, driven by industry leadership and AI-fueled chip complexity tailwinds. LRCX boasts a majority share in global etch, a robust deposition position, and sticky customer relationships, underpinned by high recurring service revenues. Despite a trailing P/E of 63x and insider selling, I believe LRCX's earnings normalization and secular growth justify a premium multiple. AI and HBM demand offset China headwinds, with risks from further export restrictions and valuation compression warranting a $290 stop-loss. Read the full article on Seeking Alpha
AMAT
US$453.01
Applied Materials
7D
0.7%
1Y
171.7%
TER
US$406.86
Teradyne
7D
6.3%
1Y
397.7%
ENTG
US$125.41
Entegris
7D
-9.6%
1Y
72.0%
MKSI
US$301.65
MKS
7D
-7.0%
1Y
240.3%
AXTI
US$89.05
AXT
7D
-13.7%
1Y
4,903.0%
PDFS
US$51.45
PDF Solutions
7D
5.4%
1Y
167.3%
Narrative Update • Jun 04

PDFS: Forward Margin Gains And Lock Up Constraints Will Shape Fairly Valued Outlook

Analysts nudged their price target for PDF Solutions slightly higher to $54.88 from $54.50, citing updated assumptions around revenue growth, margins and a modestly lower future P/E multiple in recent research updates from several firms. Analyst Commentary Recent research updates have centered on refreshed models for revenue growth, margins and the future P/E multiple, which together feed into higher price targets across several firms.
AEHR
US$98.45
Aehr Test Systems
7D
6.6%
1Y
768.2%
KLAC
US$1,929.20
KLA
7D
0.4%
1Y
138.8%
Narrative Update • Jun 04

KLAC: AI-Driven Demand Will Eventually Test High Expectations For 2030 Targets

The analyst price target for KLA has increased to $1,855 from $1,676, with analysts citing updated assumptions for revenue growth, profit margins, and long-term forecasts from recent research coverage. Analyst Commentary Recent research coverage on KLA has been active, with multiple firms adjusting price targets and updating their views following the company's Investor Day and revised long-term targets.
CAMT
US$181.16
Camtek
7D
3.7%
1Y
151.1%
VECO
US$58.45
Veeco Instruments
7D
1.4%
1Y
184.2%
Narrative Update • Jun 04

VECO: Higher AI Infrastructure Hopes Will Likely Leave Shares Sensitive To Execution

Analysts now frame Veeco Instruments’ fair value at $55, up from $30, reflecting updated expectations for revenue growth, profit margin and future P/E after recent earnings-driven model revisions. Analyst Commentary Street research around Veeco Instruments has centered on refreshed models after recent earnings, with some firms lifting formal price targets, including a move to US$55 from US$30 while keeping a neutral stance on the stock.
AMKR
US$64.95
Amkor Technology
7D
-6.6%
1Y
237.2%
Seeking Alpha • Jun 03

Amkor Technology: The Advanced Packaging Backbone Of The AI Era Is Still Underpriced

Summary Amkor Technology (AMKR) is positioned as a critical chokepoint in the AI supply chain, yet trades at only 2.35x forward revenue with 27.5% YoY growth. AMKR’s advanced packaging, especially High-Density Fan-Out, is driving margin expansion, with Q3 expected to be pivotal for financial performance. Management targets $9B in revenue and 17.5% gross margin by 2028, scaling to $11B and 22% by 2030, supporting a Buy rating despite the recent stock pullback. Balance sheet strength and CHIPS Act funding mitigate capex risk, while customer concentration and Arizona ramp remain key risks to monitor. Read the full article on Seeking Alpha
SEDG
US$63.17
SolarEdge Technologies
7D
-17.3%
1Y
247.3%
KLIC
US$107.52
Kulicke and Soffa Industries
7D
2.6%
1Y
226.8%
Q
US$142.05
Qnity Electronics
7D
-8.9%
1Y
n/a
NVMI
US$475.76
Nova
7D
-5.3%
1Y
119.2%