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

U.S. Semiconductor Equipment Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies39
  • 7D12.7%
  • 3M40.9%
  • 1Y82.6%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 15%, with Lam Research up 19%. This takes the industry's 12 month performance to a gain of 87%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026US$819.7bUS$95.9bUS$19.0b42.1x43.1x8.6x
Sun, 07 Dec 2025US$708.6bUS$95.9bUS$19.0b38.4x37.3x7.4x
Tue, 04 Nov 2025US$673.8bUS$91.2bUS$17.0b34.9x39.6x7.4x
Thu, 02 Oct 2025US$574.1bUS$89.4bUS$16.3b33.6x35.1x6.4x
Sat, 30 Aug 2025US$465.1bUS$89.4bUS$16.3b27.1x28.5x5.2x
Mon, 28 Jul 2025US$473.7bUS$87.1bUS$15.5b26.6x30.6x5.4x
Wed, 25 Jun 2025US$461.4bUS$87.0bUS$15.5b27.6x29.8x5.3x
Fri, 23 May 2025US$409.9bUS$87.0bUS$15.5b22.9x26.4x4.7x
Sun, 20 Apr 2025US$341.9bUS$84.9bUS$14.2b24.2x24.1x4x
Tue, 18 Mar 2025US$403.4bUS$84.8bUS$14.2b30.6x28.4x4.8x
Thu, 13 Feb 2025US$451.0bUS$84.5bUS$15.2b36.1x29.7x5.3x
Sat, 11 Jan 2025US$436.8bUS$83.2bUS$14.6b33.9x29.9x5.2x
Mon, 09 Dec 2024US$425.5bUS$83.2bUS$14.6b28.4x29.2x5.1x
Wed, 06 Nov 2024US$429.3bUS$83.3bUS$16.0b27.8x26.9x5.2x
Fri, 04 Oct 2024US$485.5bUS$82.5bUS$15.6b26.4x31.1x5.9x
Sun, 01 Sep 2024US$496.0bUS$82.5bUS$15.6b26.8x31.8x6x
Tue, 30 Jul 2024US$511.9bUS$82.7bUS$13.9b28.6x36.9x6.2x
Thu, 27 Jun 2024US$567.2bUS$82.8bUS$13.8b27.8x41.2x6.9x
Sat, 25 May 2024US$531.7bUS$82.8bUS$13.8b28.8x38.6x6.4x
Mon, 22 Apr 2024US$459.7bUS$84.5bUS$14.2b32.1x32.4x5.4x
Wed, 20 Mar 2024US$492.3bUS$84.5bUS$14.2b33.9x34.7x5.8x
Fri, 16 Feb 2024US$478.2bUS$85.6bUS$14.5b29.3x32.9x5.6x
Sun, 14 Jan 2024US$410.4bUS$90.1bUS$15.9b24.7x25.8x4.6x
Tue, 12 Dec 2023US$407.4bUS$90.0bUS$15.9b24.7x25.6x4.5x
Thu, 09 Nov 2023US$361.5bUS$90.2bUS$15.6b22x23.2x4x
Sat, 07 Oct 2023US$369.9bUS$93.9bUS$17.0b24.8x21.8x3.9x
Mon, 04 Sep 2023US$409.3bUS$93.9bUS$17.0b27x24.1x4.4x
Wed, 02 Aug 2023US$421.5bUS$94.3bUS$19.5b22.6x21.6x4.5x
Fri, 30 Jun 2023US$399.3bUS$96.1bUS$20.1b20.1x19.8x4.2x
Sun, 28 May 2023US$386.9bUS$96.1bUS$20.1b18x19.2x4x
Tue, 25 Apr 2023US$337.8bUS$95.9bUS$21.0b15.2x16.1x3.5x
Thu, 23 Mar 2023US$342.3bUS$96.1bUS$21.2b16.2x16.2x3.6x
Sat, 18 Feb 2023US$341.4bUS$95.3bUS$21.1b15.2x16.2x3.6x
Mon, 16 Jan 2023US$343.4bUS$92.3bUS$20.7b16.7x16.6x3.7x
Price to Earnings Ratio

16.6x


Total Market Cap: US$343.4bTotal Earnings: US$20.7bTotal Revenue: US$92.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 28.1x202420252026
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 43.8x which is higher than its 3-year average PE of 28.1x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 8.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 2.7% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market1.49%
Tech-0.84%
Semiconductors0.54%
Semiconductor Equipment12.67%
Semiconductors-0.53%
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
LRCX Lam ResearchUS$200.9617.4%
+US$37.4b		160.9%PE43.4x
AMAT Applied MaterialsUS$281.649.6%
+US$19.5b		59.1%PE31.9x
KLAC KLAUS$1.32k9.0%
+US$14.4b		93.0%PE41.1x
TER TeradyneUS$216.3111.8%
+US$3.6b		57.7%PE76.5x
AMKR Amkor TechnologyUS$51.0029.2%
+US$2.8b		96.0%PE41x

Latest News

PLAB
US$31.78
Photronics
7D
-0.7%
1Y
31.2%
KLAC
US$1,324.60
KLA
7D
9.0%
1Y
93.0%
NVMI
US$375.79
Nova
7D
14.4%
1Y
71.0%
ENTG
US$99.85
Entegris
7D
18.5%
1Y
0.09%

ENTG: A.I. Hype And Peer Comparisons Will Pressure Overextended Expectations

Analysts nudged their price outlook on Entegris higher by a low single digit amount, citing slightly stronger modeled revenue growth and a marginally lower discount rate, supported by peer enthusiasm for pure play electronic materials exposure linked to A.I. demand. Analyst Commentary Recent commentary around Entegris has been shaped indirectly by new coverage of Qnity Electronics, another pure play in electronic materials tied to A.I. demand.
LRCX
US$200.96
Lam Research
7D
17.4%
1Y
160.9%

LRCX: AI And Memory Upcycle Enthusiasm Will Eventually Disappoint Expectations

Narrative Update: Lam Research The analyst price target for Lam Research has moved higher from US$110.13 to US$115.00, as analysts factor in recent coverage initiations, higher targets across the Street, and ongoing confidence in the company’s role in AI related wafer fab equipment demand and 3D memory leadership. Analyst Commentary Recent Street research on Lam Research clusters around increasing confidence in the company’s position in AI related wafer fab equipment, memory, and advanced node spending, with several firms lifting price targets following strong quarterly results and guidance.
AMKR
US$51.00
Amkor Technology
7D
29.2%
1Y
96.0%
DQ
US$25.86
Daqo New Energy
7D
-12.3%
1Y
26.3%

DQ: Capacity Ramp And Margins Will Support Bullish Re-Rating Outlook

Narrative Update on Daqo New Energy Analysts have modestly raised their price target on Daqo New Energy, increasing fair value by about 6 percent to approximately $33.04, citing slightly higher assumed future valuation multiples while keeping growth and margin expectations largely unchanged. What's in the News Daqo New Energy issued production guidance for fourth quarter 2025, expecting polysilicon output of approximately 39,500 MT to 42,500 MT (company guidance).
AMAT
US$281.64
Applied Materials
7D
9.6%
1Y
59.1%

AMAT: Future Multiple Compression Will Likely Pressure Elevated Share Price

Our fair value estimate for Applied Materials has been raised to $180 from $160.41 as analysts lift price targets into the mid to high $200s, citing above-consensus execution, resilient foundry and memory demand, de-risked China exposure, and strengthening recurring services growth. Analyst Commentary Street research has turned more constructive on Applied Materials, with multiple firms lifting price targets into the $250 to $270 range following solid quarterly execution, above-consensus guidance, and stronger visibility into 2026 wafer fab equipment demand.
TER
US$216.31
Teradyne
7D
11.8%
1Y
57.7%

TER: AI Test Cycle Euphoria Will Likely Pressure Future Returns

Analysts have sharply raised their price targets on Teradyne, effectively doubling their fair value estimate to about $153 per share. They cite a multiyear, AI-driven acceleration in semiconductor test demand, stronger robotics growth, and higher long-term assumptions for revenue growth, margins, and valuation.
Q
US$89.50
Qnity Electronics
7D
9.6%
1Y
n/a