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U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies39
  • 7D3.4%
  • 3M41.2%
  • 1Y223.3%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 3.4%, driven by gains from Applied Materials of 7.7%. Meanwhile, Qnity Electronics actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 223%. 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, 03 Jun 2026US$1.3tUS$101.7bUS$22.6b70.6x56.1x12.4x
Fri, 01 May 2026US$1.1tUS$100.3bUS$21.7b48.6x49.8x10.8x
Sun, 29 Mar 2026US$907.9bUS$97.8bUS$20.8b42x43.7x9.3x
Tue, 24 Feb 2026US$998.4bUS$97.8bUS$20.8b40.3x48.1x10.2x
Thu, 22 Jan 2026US$911.3bUS$95.9bUS$19.0b48.3x47.9x9.5x
Sat, 20 Dec 2025US$699.0bUS$95.9bUS$19.0b37.8x36.7x7.3x
Mon, 17 Nov 2025US$635.0bUS$95.8bUS$19.0b34.7x33.4x6.6x
Wed, 15 Oct 2025US$585.1bUS$89.4bUS$16.3b32.6x35.8x6.5x
Fri, 12 Sep 2025US$479.1bUS$89.4bUS$16.3b28.3x29.3x5.4x
Sun, 10 Aug 2025US$478.5bUS$89.1bUS$16.2b25.1x29.5x5.4x
Tue, 08 Jul 2025US$485.1bUS$87.0bUS$15.5b28.6x31.3x5.6x
Thu, 05 Jun 2025US$409.6bUS$87.0bUS$15.5b24.6x26.5x4.7x
Sat, 03 May 2025US$370.8bUS$86.4bUS$15.0b25.7x24.8x4.3x
Mon, 31 Mar 2025US$375.5bUS$84.8bUS$14.2b28.4x26.4x4.4x
Wed, 26 Feb 2025US$434.6bUS$85.1bUS$14.4b33.6x30.2x5.1x
Fri, 24 Jan 2025US$474.6bUS$83.2bUS$14.6b36.6x32.5x5.7x
Sun, 22 Dec 2024US$405.8bUS$83.2bUS$14.6b26.7x27.8x4.9x
Tue, 19 Nov 2024US$400.4bUS$83.2bUS$14.6b29x27.4x4.8x
Thu, 17 Oct 2024US$444.1bUS$82.5bUS$15.6b26.5x28.5x5.4x
Sat, 14 Sep 2024US$452.6bUS$82.5bUS$15.6b25.4x29x5.5x
Mon, 12 Aug 2024US$471.6bUS$82.6bUS$15.7b25x30.1x5.7x
Wed, 10 Jul 2024US$596.1bUS$82.8bUS$13.8b34.4x43.3x7.2x
Fri, 07 Jun 2024US$545.9bUS$82.8bUS$13.8b28.5x39.7x6.6x
Sun, 05 May 2024US$498.4bUS$83.3bUS$13.8b31.5x36x6x
Tue, 02 Apr 2024US$511.6bUS$84.5bUS$14.2b36.1x36x6.1x
Thu, 29 Feb 2024US$493.7bUS$84.9bUS$14.5b33.9x34.1x5.8x
Sat, 27 Jan 2024US$460.0bUS$88.0bUS$15.0b24.9x30.7x5.2x
Mon, 25 Dec 2023US$434.4bUS$90.1bUS$15.9b25.7x27.3x4.8x
Wed, 22 Nov 2023US$389.7bUS$90.0bUS$15.9b24.5x24.5x4.3x
Fri, 20 Oct 2023US$354.6bUS$92.3bUS$16.4b23.2x21.6x3.8x
Sun, 17 Sep 2023US$365.7bUS$93.9bUS$17.0b24.8x21.6x3.9x
Tue, 15 Aug 2023US$389.6bUS$94.0bUS$17.0b25.5x22.9x4.1x
Thu, 13 Jul 2023US$393.9bUS$96.1bUS$20.1b19.2x19.6x4.1x
Sat, 10 Jun 2023US$386.8bUS$96.1bUS$20.1b18.2x19.2x4x
Price to Earnings Ratio

19.2x


Total Market Cap: US$386.8bTotal 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 32.4x202420252026
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 56.1x which is higher than its 3-year average PE of 32.4x.
  • The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 12.4x.
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 Market1.22%
Tech6.93%
Semiconductors5.97%
Semiconductor Equipment3.45%
Semiconductors6.24%
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$490.057.7%
+US$27.9b		203.0%PE45.7x
LRCX Lam ResearchUS$334.413.6%
+US$14.7b		299.7%PE62.3x
KLAC KLAUS$2.05k1.7%
+US$4.4b		163.6%PE57.2x
ENPH Enphase EnergyUS$72.338.1%
+US$715.7m		65.3%PE70.6x
CAMT CamtekUS$187.527.3%
+US$588.9m		175.6%PE179.7x

Latest News

ENPH
US$72.33
Enphase Energy
7D
8.1%
1Y
65.3%
SEDG
US$78.51
SolarEdge Technologies
7D
11.0%
1Y
333.5%
AMAT
US$490.05
Applied Materials
7D
7.7%
1Y
203.0%
CAMT
US$187.52
Camtek
7D
7.3%
1Y
175.6%
Narrative Update • Jun 02

CAMT: AI Packaging And HBM Contracts Will Support Multi Year Cash Flow Visibility

Analysts have raised the Camtek price target to $200, citing stronger Q1 results, higher 2026 and 2027 sales estimates, and improved visibility supported by record orders and high bandwidth memory contracts. Analyst Commentary Recent research points to a broadly constructive tone on Camtek following its Q1 report, with several bullish analysts lifting valuation frameworks and price targets while highlighting order strength and high bandwidth memory exposure.
KLAC
US$2,045.20
KLA
7D
1.7%
1Y
163.6%
Seeking Alpha • Jun 02

KLA Corporation: Another Victim Of Semiconductor Euphoria

Summary KLA Corp. benefits from secular semiconductor growth and boasts strong moats, but current valuation fully prices in optimistic scenarios. KLAC projects robust EPS and revenue growth through 2030, driven by industry tailwinds, service expansion, and operational efficiency. Despite a stellar track record (EPS CAGR 25.5% over 10 years), KLAC trades at premium multiples, leaving little margin of safety. I rate KLAC a sell, as normalized multiples or industry cooling could lead to significant downside; risk/reward is unfavorable at current levels. Read the full article on Seeking Alpha
MKSI
US$331.36
MKS
7D
-0.8%
1Y
284.7%
LRCX
US$334.41
Lam Research
7D
3.6%
1Y
299.7%
AXTI
US$110.85
AXT
7D
-16.4%
1Y
6,326.1%
ACMR
US$91.92
ACM Research
7D
6.3%
1Y
293.7%
TER
US$392.62
Teradyne
7D
0.9%
1Y
382.0%
ACLS
US$158.78
Axcelis Technologies
7D
-3.3%
1Y
167.9%
Narrative Update • May 30

ACLS: Updated P E Assumptions And Flat 2026 Outlook Will Guide Recovery

Analysts have lifted their price target on Axcelis Technologies to $161, citing updated assumptions for discount rates and future P/E that, they say, reflect increased confidence in the stock's long term earnings potential. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price target as a sign that updated discount rate and P/E assumptions leave more room for upside if Axcelis Technologies executes on its long term earnings plans.
PLAB
US$33.14
Photronics
7D
-39.1%
1Y
86.1%
VECO
US$61.01
Veeco Instruments
7D
-2.4%
1Y
202.0%
Q
US$155.74
Qnity Electronics
7D
-5.4%
1Y
n/a
NVMI
US$523.13
Nova
7D
-0.8%
1Y
149.4%
FORM
US$125.11
FormFactor
7D
-8.3%
1Y
298.9%