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

U.S. Semiconductor Equipment Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies39
  • 7D15.3%
  • 3M27.2%
  • 1Y206.8%
  • YTDn/a

The Semiconductor Equipment industry is up 15% in the last week, with Lam Research up 18%. In the same time, Enphase Energy was down 10%. In the last 12 months, the industry was up 207%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$1.1tUS$97.8bUS$20.8b50.8x51.2x10.9x
Sun, 08 Mar 2026US$856.9bUS$97.8bUS$20.8b39.4x41.2x8.8x
Tue, 03 Feb 2026US$904.0bUS$97.0bUS$19.8b44.1x45.7x9.3x
Thu, 01 Jan 2026US$723.1bUS$95.9bUS$19.0b37.3x38x7.5x
Sat, 29 Nov 2025US$677.2bUS$95.9bUS$19.0b36.1x35.6x7.1x
Mon, 27 Oct 2025US$634.2bUS$90.6bUS$16.8b33x37.8x7x
Wed, 24 Sep 2025US$570.1bUS$89.4bUS$16.3b32.3x34.9x6.4x
Fri, 22 Aug 2025US$452.2bUS$89.6bUS$16.3b25.9x27.7x5x
Sun, 20 Jul 2025US$487.6bUS$87.0bUS$15.5b30.9x31.5x5.6x
Tue, 17 Jun 2025US$442.3bUS$87.0bUS$15.5b26.2x28.6x5.1x
Thu, 15 May 2025US$428.9bUS$86.6bUS$15.1b24.1x28.4x5x
Sat, 12 Apr 2025US$349.2bUS$84.9bUS$14.2b24.3x24.6x4.1x
Mon, 10 Mar 2025US$408.6bUS$84.8bUS$14.2b31.2x28.8x4.8x
Wed, 05 Feb 2025US$441.9bUS$84.5bUS$15.1b32.3x29.3x5.2x
Fri, 03 Jan 2025US$405.8bUS$83.2bUS$14.6b31.5x27.8x4.9x
Sun, 01 Dec 2024US$421.0bUS$83.2bUS$14.6b28.5x28.9x5.1x
Tue, 29 Oct 2024US$444.6bUS$83.1bUS$15.8b24.7x28.2x5.4x
Thu, 26 Sep 2024US$478.3bUS$82.5bUS$15.6b24.7x30.7x5.8x
Sat, 24 Aug 2024US$495.3bUS$83.0bUS$15.8b26x31.3x6x
Mon, 22 Jul 2024US$517.9bUS$82.8bUS$13.8b29.7x37.6x6.3x
Wed, 19 Jun 2024US$584.6bUS$82.8bUS$13.8b28.1x42.5x7.1x
Fri, 17 May 2024US$525.4bUS$82.8bUS$13.6b28x38.6x6.3x
Sun, 14 Apr 2024US$518.3bUS$84.5bUS$14.2b35.1x36.5x6.1x
Tue, 12 Mar 2024US$499.6bUS$84.5bUS$14.2b34.8x35.2x5.9x
Thu, 08 Feb 2024US$434.1bUS$85.9bUS$14.6b26.4x29.7x5.1x
Sat, 06 Jan 2024US$402.9bUS$90.1bUS$15.9b24.5x25.3x4.5x
Mon, 04 Dec 2023US$400.0bUS$90.0bUS$15.9b24.8x25.1x4.4x
Wed, 01 Nov 2023US$338.7bUS$90.6bUS$15.5b20.3x21.8x3.7x
Fri, 29 Sep 2023US$367.1bUS$93.9bUS$17.0b24.4x21.6x3.9x
Sun, 27 Aug 2023US$385.1bUS$93.9bUS$17.0b25.6x22.7x4.1x
Tue, 25 Jul 2023US$394.1bUS$96.1bUS$20.1b20.9x19.6x4.1x
Thu, 22 Jun 2023US$382.6bUS$96.1bUS$20.1b18.5x19x4x
Sat, 20 May 2023US$361.8bUS$96.1bUS$20.1b16.6x18x3.8x
Mon, 17 Apr 2023US$334.1bUS$96.1bUS$21.2b15.4x15.8x3.5x
Price to Earnings Ratio

15.8x


Total Market Cap: US$334.1bTotal 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 30.6x202420252026
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 51.2x which is higher than its 3-year average PE of 30.6x.
  • The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 10.9x.
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 Market3.43%
Tech3.65%
Semiconductors8.14%
Semiconductor Equipment15.29%
Semiconductors7.30%
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$258.7618.5%
+US$50.4b		283.5%PE52x
AMAT Applied MaterialsUS$397.8114.2%
+US$39.2b		187.8%PE40.3x
KLAC KLAUS$1.73k13.9%
+US$27.6b		163.0%PE49.7x
TER TeradyneUS$364.2117.6%
+US$8.5b		403.8%PE102.9x
Q Qnity ElectronicsUS$129.8811.5%
+US$2.8b		n/aPE39.3x

Latest News

AMKR
US$55.14
Amkor Technology
7D
18.1%
1Y
233.4%

AMKR: Arizona Project Free Cash Flow Drag Will Eventually Outweigh Packaging Upside

Analysts have raised their average price targets on Amkor Technology by double digit dollar amounts, pointing to expectations for steadier revenue growth, slightly firmer profit margins, and a modestly lower future P/E assumption as key drivers of their updated views. Analyst Commentary Recent Street research around Amkor Technology highlights a mix of optimism on long term growth areas and packaging technology, alongside more cautious voices pointing to execution and valuation risks.
AMAT
US$397.81
Applied Materials
7D
14.2%
1Y
187.8%
ENPH
US$31.26
Enphase Energy
7D
-10.5%
1Y
-39.8%

Enphase: Do Not Bottom-Fish Here - More Recovery Headwinds Ahead

Apr 08
Q
US$129.88
Qnity Electronics
7D
11.5%
1Y
n/a
SEDG
US$41.84
SolarEdge Technologies
7D
-14.2%
1Y
261.3%

SEDG: Margin Gains Tied To Tax Credits Will Likely Limit Upside

Analysts have raised their average price target for SolarEdge Technologies by roughly $4 to reflect updated views on revenue potential, margin trajectory, and P/E assumptions following recent upgrades and research commentary across several firms. Analyst Commentary Recent research on SolarEdge Technologies highlights a mixed backdrop, with some firms turning more constructive while others keep a cautious stance on valuation, execution and growth risks.
TER
US$364.21
Teradyne
7D
17.6%
1Y
403.8%

TER: AI Test Demand And WFE Upswing Will Support Future Cycle

Analysts have nudged the Teradyne fair value estimate slightly higher to about $376, supported by a series of recent price target increases that cite stronger multi-year demand expectations, healthier industry spending plans, and improved profitability assumptions, even as some valuation-driven downgrades and caution flags remain. Analyst Commentary Recent research on Teradyne tilts positive overall, with a cluster of higher price targets and constructive views on multi year demand, semiconductor capital spending, and free cash flow potential, offset by valuation driven caution and a few downgrades.
ENTG
US$132.63
Entegris
7D
13.9%
1Y
92.5%

ENTG: Higher P/E Expectations Will Confront Cyclical And Structural Industry Headwinds

Entegris' fair value estimate has moved from $75.00 to $106.46 as analysts factor in a higher assumed future P/E of 42.70 and stronger profit margins, partly offset by more conservative revenue growth assumptions. Analyst Commentary Recent Street research around Entegris has been mixed, with several firms lifting price targets while a few Bearish analysts have turned more cautious on execution, growth durability, and valuation risk.
LRCX
US$258.76
Lam Research
7D
18.5%
1Y
283.5%

LRCX: Future DRAM Spending And WFE Cycle Will Support Multi Year Upswing

Analysts have lifted their price target on Lam Research by $5 to $255, citing a more supportive outlook for wafer fab equipment spending, stronger expectations for DRAM-driven demand, and Lam's inclusion in preferred idea lists as key reasons for the change. Analyst Commentary Recent research points to a broadly constructive stance on Lam Research, with a series of higher price targets and fresh buy calls highlighting confidence in the company’s positioning within wafer fab equipment and memory exposure.
CVV
US$3.90
CVD Equipment
7D
-8.9%
1Y
34.5%
DQ
US$21.05
Daqo New Energy
7D
-0.3%
1Y
54.3%

DQ: Cost Execution And Reform Clarity Will Support Future Re Rating Potential

Analysts have trimmed their price target on Daqo New Energy to $25 from $30, citing a mixed Q4 with a revenue miss, an EBITDA beat, and ongoing uncertainty around industry reform as key reasons for resetting expectations. Analyst Commentary Bullish analysts acknowledge the mixed Q4, but see elements of Daqo New Energy's performance that still support a constructive long term view, even with a lower price target.
KLAC
US$1,727.26
KLA
7D
13.9%
1Y
163.0%

KLAC: Leading Edge Exposure And Investor Day Framework Will Drive Re Rating

The analyst price target for KLA has been raised from $1,800 to $1,950. Analysts attribute this change to more constructive revenue growth and profit margin assumptions following a stronger than expected Investor Day and broadly higher Street targets across the semicap group.
MKSI
US$263.25
MKS
7D
12.2%
1Y
301.7%

MKSI: Wafer Fab Upswing And Debt Refinancing Support But Limit Upside Potential

Analysts have lifted their consolidated price target for MKS, with the model fair value moving from $146.08 to $227.99 as they factor in stronger revenue growth assumptions, slightly higher profit margins, an updated future P/E of 31.23, and recent Street research highlighting better than expected guidance, healthy segment margins, and benefits from debt refinancing. Analyst Commentary Street research around MKS has been active, with several firms reassessing their price targets following the latest earnings and guidance.
ALMU
US$10.73
Aeluma
7D
-20.2%
1Y
67.7%