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U.S. Semiconductor Equipment Industry Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies38
  • 7D6.4%
  • 3M32.2%
  • 1Y190.2%
  • YTDn/a

The Semiconductor Equipment industry is up 6.4% in the last week, with Applied Materials up 7.4%. This means that the industry has gained 190% 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
Wed, 15 Jul 2026US$1.4tUS$101.7bUS$22.6b74x62x13.8x
Fri, 12 Jun 2026US$1.3tUS$101.7bUS$22.6b69.9x58.4x13x
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
Price to Earnings Ratio

19.4x


Total Market Cap: US$390.2bTotal 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 34.1x202420252026
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 62.0x which is higher than its 3-year average PE of 34.1x.
  • The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 13.8x.
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 Market0.22%
Tech2.28%
Semiconductors5.07%
Semiconductor Equipment6.41%
Semiconductors4.91%
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$595.707.4%
+US$32.7b		198.9%PE55.6x
LRCX Lam ResearchUS$346.106.1%
+US$25.0b		242.4%PE64.5x
KLAC KLAUS$230.376.4%
+US$18.2b		146.0%PE64.4x
ONTO Onto InnovationUS$319.3214.1%
+US$2.0b		220.3%PE149.3x
TER TeradyneUS$353.232.9%
+US$1.6b		279.7%PE64.7x

Latest News

TER
US$353.23
Teradyne
7D
2.9%
1Y
279.7%
KLAC
US$230.37
KLA
7D
6.4%
1Y
146.0%
Seeking Alpha • 5h

I Am Buying KLA Corporation Ahead Of Earnings

Summary I rate KLA Corporation a Strong Buy with a $313 price target, implying 40% upside from $222. KLAC's 58% share in semiconductor process control gives it a dominant position in a part of semiconductor manufacturing that becomes more valuable as chips become harder to produce. My model estimates these drivers can increase revenue from about $14 billion in 2026 to roughly $18.3 billion by 2028 and lift split-adjusted EPS to about $5.3. I arrive at my price target by applying a FWD non-GAAP P/E of 59x to my 2028 split-adjusted EPS of $5.30. My biggest risk is valuation compression because the stock already trades at a large premium to the sector. Nevertheless, I believe KLA’s market leadership, expected EPS growth, margin expansion and free cash flow generation justify a premium valuation. Read the full article on Seeking Alpha
ENTG
US$140.63
Entegris
7D
4.1%
1Y
60.8%
LRCX
US$346.10
Lam Research
7D
6.1%
1Y
242.4%
AMAT
US$595.70
Applied Materials
7D
7.4%
1Y
198.9%
DQ
US$11.84
Daqo New Energy
7D
-2.9%
1Y
-40.0%
Narrative Update • Jul 10

DQ: New Kunshan Expansion Will Support Future Re Rating Potential

Analysts have reduced their price target on Daqo New Energy by $3.50 to $35.50, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Daqo New Energy Daqo Energy Technology (Shanghai) Co. Ltd.
NVMI
US$473.54
Nova
7D
6.1%
1Y
65.6%
Narrative Update • Jul 10

NVMI: Advanced Logic And Memory Exposure Will Drive Future Upside Potential

Analysts have lifted the fair value estimate for Nova stock from $335.00 to about $544.73, citing higher price targets across the Street, supported by Q1 strength, improving margins, and what they see as company specific growth drivers in advanced logic, memory, and packaging. Analyst Commentary Recent Street research on Nova points to broad support for the stock at higher levels, with several firms lifting price targets into the US$594 to US$640 range following the Q1 earnings release.
AXTI
US$57.57
AXT
7D
-1.0%
1Y
2,339.4%
ONTO
US$319.32
Onto Innovation
7D
14.1%
1Y
220.3%
AMKR
US$70.20
Amkor Technology
7D
7.5%
1Y
225.6%
ALMU
US$17.04
Aeluma
7D
-2.6%
1Y
-0.6%
ATOM
US$6.39
Atomera
7D
-5.8%
1Y
41.1%
CVV
US$7.20
CVD Equipment
7D
-6.6%
1Y
128.6%
Analysis Article • May 16

Here's Why We're Not Too Worried About CVD Equipment's (NASDAQ:CVV) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...