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U.S. Semiconductor Equipment Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies38
  • 7D-6.6%
  • 3M2.0%
  • 1Y168.8%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 6.6%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 169%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026US$1.3tUS$108.0bUS$25.0b50.4x50x11.6x
Tue, 21 Jul 2026US$1.3tUS$101.7bUS$22.6b62.7x58.1x12.9x
Thu, 18 Jun 2026US$1.5tUS$101.7bUS$22.6b74.9x66.5x14.8x
Sat, 16 May 2026US$1.2tUS$101.7bUS$22.5b61.7x52.9x11.7x
Mon, 13 Apr 2026US$1.1tUS$97.8bUS$20.8b51.5x52.8x11.2x
Wed, 11 Mar 2026US$903.6bUS$97.8bUS$20.8b42.5x43.5x9.2x
Fri, 06 Feb 2026US$843.3bUS$97.4bUS$19.8b38.3x42.6x8.7x
Sun, 04 Jan 2026US$754.3bUS$95.9bUS$19.0b39.8x39.6x7.9x
Tue, 02 Dec 2025US$677.7bUS$95.9bUS$19.0b35.7x35.6x7.1x
Thu, 30 Oct 2025US$660.7bUS$90.8bUS$16.8b34.7x39.3x7.3x
Sat, 27 Sep 2025US$559.2bUS$89.4bUS$16.3b30.6x34.2x6.3x
Mon, 25 Aug 2025US$457.3bUS$89.6bUS$16.3b27.4x28x5.1x
Wed, 23 Jul 2025US$492.7bUS$87.0bUS$15.5b30.3x31.9x5.7x
Fri, 20 Jun 2025US$444.9bUS$87.0bUS$15.5b26x28.7x5.1x
Sun, 18 May 2025US$420.1bUS$87.0bUS$15.5b23.3x27.1x4.8x
Tue, 15 Apr 2025US$359.1bUS$84.9bUS$14.2b24.6x25.3x4.2x
Thu, 13 Mar 2025US$380.3bUS$84.8bUS$14.2b28.5x26.8x4.5x
Sat, 08 Feb 2025US$455.7bUS$84.7bUS$15.2b36.7x29.9x5.4x
Mon, 06 Jan 2025US$422.8bUS$83.2bUS$14.6b32.2x29x5.1x
Wed, 04 Dec 2024US$440.0bUS$83.2bUS$14.6b28.8x30.2x5.3x
Fri, 01 Nov 2024US$431.3bUS$83.4bUS$15.9b23.6x27.1x5.2x
Sun, 29 Sep 2024US$494.5bUS$82.5bUS$15.6b25.5x31.7x6x
Tue, 27 Aug 2024US$505.7bUS$83.0bUS$15.8b24.8x32x6.1x
Thu, 25 Jul 2024US$542.2bUS$82.4bUS$13.6b29.7x39.8x6.6x
Sat, 22 Jun 2024US$576.1bUS$82.8bUS$13.8b27.2x41.9x7x
Mon, 20 May 2024US$516.7bUS$82.8bUS$13.8b28.3x37.5x6.2x
Wed, 17 Apr 2024US$497.9bUS$84.5bUS$14.2b34.7x35.1x5.9x
Fri, 15 Mar 2024US$496.2bUS$84.5bUS$14.2b34.4x35x5.9x
Sun, 11 Feb 2024US$474.5bUS$85.8bUS$14.5b31.5x32.6x5.5x
Tue, 09 Jan 2024US$402.1bUS$90.1bUS$15.9b25x25.3x4.5x
Thu, 07 Dec 2023US$385.7bUS$90.0bUS$15.9b24.8x24.2x4.3x
Sat, 04 Nov 2023US$359.0bUS$90.3bUS$15.6b21.9x23x4x
Mon, 02 Oct 2023US$367.7bUS$93.9bUS$16.9b24.8x21.7x3.9x
Wed, 30 Aug 2023US$400.4bUS$93.9bUS$17.0b26.7x23.6x4.3x
Price to Earnings Ratio

23.6x


Total Market Cap: US$400.4bTotal Earnings: US$17.0bTotal Revenue: US$93.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 35.3x202420252026
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 50.0x which is higher than its 3-year average PE of 35.3x.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 11.6x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market-1.49%
Tech-3.51%
Semiconductors-5.48%
Semiconductor Equipment-6.56%
Semiconductors-5.35%
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
No data available

Latest News

Q
US$128.88
Qnity Electronics
7D
-9.4%
1Y
n/a
AMAT
US$492.32
Applied Materials
7D
-2.9%
1Y
203.0%
Seeking Alpha • Aug 22

Applied Materials: I Am Reiterating My Strong Buy As AI Manufacturing Demand Accelerates

Summary I'm reiterating Applied Materials as a Strong Buy rating, with the price target revised to $680 from $802 due to a more conservative valuation multiple. Q3 2026 results reinforce my thesis that AI-driven demand is transforming semiconductor equipment into a structural growth cycle, not just a capacity cycle. AMAT is well-positioned, as leading-edge foundry logic, DRAM, and advanced packaging are set to drive 80% of WFE growth through 2027. Valuation has compressed to 38.79x FWD P/E, while forward growth metrics remain robust, improving the risk-reward profile after the recent selloff. Read the full article on Seeking Alpha
MKSI
US$279.11
MKS
7D
-10.2%
1Y
165.2%
LRCX
US$314.00
Lam Research
7D
-5.5%
1Y
213.7%
Narrative Update • Aug 21

LRCX: AI Wafer Equipment Upswing Will Support Extended Multi Year Earnings Runway

Analysts have trimmed their price targets on Lam Research, with the modelled fair value moving from about $500 to about $474, as they recalibrate discount rates and valuation multiples while still highlighting stronger projected revenue growth, higher profit margins and solid wafer fab equipment demand across AI driven logic and memory spending. Analyst Commentary Analyst commentary on Lam Research remains largely constructive, even as several firms recalibrate price targets and valuation assumptions.
ENTG
US$143.66
Entegris
7D
-11.2%
1Y
63.7%
TER
US$375.74
Teradyne
7D
-10.3%
1Y
225.9%
Seeking Alpha • Aug 20

Teradyne: Upgraded Buy As Chips Grow In Volume/Density - Potential Dip Ahead

Summary Higher chip testing cadence is natural, given the insatiable compute/memory demand, growing data center footprint, and expanding chip volume/complexity. These have contributed to the higher WFE/ATE ratio and TER's robust, multi-year AI-driven growth tailwinds, as observed in the promising medium-term targets. The premium P/E of 48.74x has been justified by the rich adj. EPS growth prospects, while unlocking an excellent upside potential to my LTPT of $529. Short-term risks include insider selling, elevated short interest, and potential for further correction through seasonally softer trading months. TER is upgraded to Buy, with the ongoing stock consolidation implying an excellent dip buying opportunity near the thrice defended trading floor of $320s. Read the full article on Seeking Alpha
AMKR
US$50.26
Amkor Technology
7D
-14.8%
1Y
108.6%
KLAC
US$183.99
KLA
7D
-9.7%
1Y
111.4%
Narrative Update • Aug 14

KLAC: AI WFE And Process Control Assumptions Will Challenge Rich Multiple

Analysts have adjusted the price target on KLA to $165, with the change framed around updated views on revenue growth, profit margins and valuation multiples, following recent research that highlights stronger wafer fab equipment expectations alongside mixed commentary on near term results and sector multiples. Analyst Commentary Recent Street research on KLA highlights a wide range of views, with some firms turning more constructive while a group of bearish analysts has trimmed price targets and flagged execution and valuation risks.