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U.S. Semiconductor Equipment Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies39
  • 7D10.8%
  • 3M31.5%
  • 1Y211.7%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 11%, driven by gains from Lam Research of 11%. Meanwhile, Onto Innovation actually underperformed within the industry, shrinking 7.1% in the last week. This means that the industry has gained 212% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026US$1.2tUS$100.7bUS$21.9b59.4x54x11.7x
Tue, 07 Apr 2026US$941.3bUS$97.8bUS$20.8b44.3x45.3x9.6x
Thu, 05 Mar 2026US$930.3bUS$97.8bUS$20.8b43.6x44.8x9.5x
Sat, 31 Jan 2026US$962.7bUS$97.0bUS$19.8b44x48.7x9.9x
Mon, 29 Dec 2025US$735.7bUS$95.9bUS$19.0b39x38.6x7.7x
Wed, 26 Nov 2025US$641.8bUS$95.9bUS$19.0b35.6x33.8x6.7x
Fri, 24 Oct 2025US$601.4bUS$90.6bUS$16.8b32.3x35.8x6.6x
Sun, 21 Sep 2025US$546.6bUS$89.4bUS$16.3b30.1x33.5x6.1x
Tue, 19 Aug 2025US$453.2bUS$89.6bUS$16.3b26.7x27.8x5.1x
Thu, 17 Jul 2025US$495.4bUS$87.0bUS$15.5b30.1x32.1x5.7x
Sat, 14 Jun 2025US$448.2bUS$87.0bUS$15.5b24.8x28.9x5.2x
Mon, 12 May 2025US$384.4bUS$86.5bUS$15.1b23.7x25.4x4.4x
Wed, 09 Apr 2025US$332.0bUS$84.8bUS$14.2b22.6x23.4x3.9x
Fri, 07 Mar 2025US$405.8bUS$84.8bUS$14.2b30.3x28.6x4.8x
Sun, 02 Feb 2025US$446.9bUS$84.5bUS$15.1b32.8x29.6x5.3x
Tue, 31 Dec 2024US$415.0bUS$83.2bUS$14.6b27.2x28.4x5x
Thu, 28 Nov 2024US$415.1bUS$83.2bUS$14.6b28.1x28.4x5x
Sat, 26 Oct 2024US$438.3bUS$83.1bUS$15.8b26.1x27.8x5.3x
Mon, 23 Sep 2024US$469.5bUS$82.5bUS$15.6b24.9x30.1x5.7x
Wed, 21 Aug 2024US$517.3bUS$83.0bUS$15.8b25.4x32.7x6.2x
Fri, 19 Jul 2024US$539.4bUS$82.8bUS$13.8b30.9x39.2x6.5x
Sun, 16 Jun 2024US$570.8bUS$82.8bUS$13.8b27.7x41.5x6.9x
Tue, 14 May 2024US$503.8bUS$82.8bUS$13.6b27.2x37x6.1x
Thu, 11 Apr 2024US$515.1bUS$84.5bUS$14.2b35.3x36.3x6.1x
Sat, 09 Mar 2024US$509.8bUS$84.5bUS$14.2b35.6x35.9x6x
Mon, 05 Feb 2024US$441.1bUS$88.0bUS$14.9b24.5x29.5x5x
Wed, 03 Jan 2024US$417.2bUS$90.1bUS$15.9b24.8x26.2x4.6x
Fri, 01 Dec 2023US$394.5bUS$90.0bUS$15.9b24.1x24.8x4.4x
Sun, 29 Oct 2023US$336.7bUS$91.6bUS$16.0b20.2x21x3.7x
Tue, 26 Sep 2023US$363.4bUS$93.9bUS$17.0b24.6x21.4x3.9x
Thu, 24 Aug 2023US$395.6bUS$93.9bUS$17.0b26.4x23.3x4.2x
Sat, 22 Jul 2023US$390.2bUS$96.1bUS$20.1b21x19.4x4.1x
Mon, 19 Jun 2023US$391.4bUS$96.1bUS$20.1b18.5x19.5x4.1x
Wed, 17 May 2023US$348.6bUS$95.7bUS$20.1b16x17.4x3.6x
Price to Earnings Ratio

17.4x


Total Market Cap: US$348.6bTotal Earnings: US$20.1bTotal Revenue: US$95.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.6x202420252026
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 54.0x which is higher than its 3-year average PE of 31.6x.
  • The 3-year average PS ratio of 5.8x is lower than the industry's current PS ratio of 11.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 2.9% 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 Market2.14%
Tech6.51%
Semiconductors10.49%
Semiconductor Equipment10.79%
Semiconductors10.46%
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$435.4411.9%
+US$36.8b		179.8%PE44.1x
LRCX Lam ResearchUS$286.4111.1%
+US$35.7b		282.4%PE53.4x
AXTI AXTUS$108.4236.9%
+US$1.9b		8,176.3%PS72x
KLAC KLAUS$1.76k0.7%
+US$1.7b		150.7%PE49.3x
TER TeradyneUS$354.113.1%
+US$1.7b		360.8%PE64.9x

Latest News

AMAT
US$410.52
Applied Materials
7D
4.1%
1Y
163.2%
Seeking Alpha • 16h

Applied Materials: Supplying Intel Comes With Its Perks

Summary Applied Materials, Inc. is a top "picks and shovels" play in the semiconductor equipment space, benefiting from broad chip demand and recent U.S. production catalysts. AMAT stands out for its financial prudence, distributing 90% of excess free cash flow to shareholders and maintaining a robust balance sheet. With a forward P/E near 40x versus a 3-year average of 22x, AMAT stock's valuation is elevated, making pre-earnings entry risky despite strong secular tailwinds. I rate AMAT stock a Buy for long-term investors, but prefer to watch for a potential post-earnings pullback before initiating or adding to a position. Read the full article on Seeking Alpha
SEDG
US$38.61
SolarEdge Technologies
7D
-9.9%
1Y
111.1%
KLAC
US$1,763.25
KLA
7D
0.7%
1Y
150.7%
TER
US$354.11
Teradyne
7D
3.1%
1Y
360.8%
ENTG
US$147.66
Entegris
7D
4.4%
1Y
91.6%
MKSI
US$300.79
MKS
7D
6.0%
1Y
289.2%
FORM
US$144.68
FormFactor
7D
6.4%
1Y
382.7%
LRCX
US$286.41
Lam Research
7D
11.1%
1Y
282.4%
ONTO
US$274.17
Onto Innovation
7D
-7.1%
1Y
116.2%
ATOM
US$8.10
Atomera
7D
-1.0%
1Y
24.6%
INTT
US$16.61
InTest
7D
-11.1%
1Y
159.1%
AXTI
US$108.42
AXT
7D
36.9%
1Y
8,176.3%
DQ
US$18.39
Daqo New Energy
7D
-4.3%
1Y
38.7%
TRT
US$11.60
Trio-Tech International
7D
-17.6%
1Y
333.6%