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

U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies39
  • 7D6.3%
  • 3M66.5%
  • 1Y266.0%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 6.3%, driven by gains from Applied Materials of 5.3%. In the same time, AXT was down 24%. In the last 12 months, the industry was up 266%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026US$1.6tUS$101.7bUS$22.6b83.4x71.6x15.9x
Wed, 20 May 2026US$1.1tUS$101.7bUS$22.5b58.9x50.5x11.2x
Fri, 17 Apr 2026US$1.1tUS$97.8bUS$20.8b51.2x53x11.2x
Sun, 15 Mar 2026US$901.7bUS$97.8bUS$20.8b41.7x43.4x9.2x
Tue, 10 Feb 2026US$919.6bUS$97.4bUS$19.8b42.2x46.5x9.4x
Thu, 08 Jan 2026US$833.7bUS$95.9bUS$19.0b43.1x43.8x8.7x
Sat, 06 Dec 2025US$706.7bUS$95.9bUS$19.0b38.4x37.2x7.4x
Mon, 03 Nov 2025US$674.2bUS$91.2bUS$17.0b34x39.7x7.4x
Wed, 01 Oct 2025US$568.0bUS$89.4bUS$16.3b31.5x34.8x6.4x
Fri, 29 Aug 2025US$466.1bUS$89.4bUS$16.3b27.6x28.5x5.2x
Sun, 27 Jul 2025US$473.7bUS$87.1bUS$15.5b26.6x30.6x5.4x
Tue, 24 Jun 2025US$441.0bUS$87.0bUS$15.5b25.9x28.5x5.1x
Thu, 22 May 2025US$415.2bUS$87.0bUS$15.5b22.9x26.8x4.8x
Sat, 19 Apr 2025US$341.9bUS$84.9bUS$14.2b24.2x24.1x4x
Mon, 17 Mar 2025US$403.3bUS$84.8bUS$14.2b30.1x28.4x4.8x
Wed, 12 Feb 2025US$453.5bUS$84.5bUS$15.2b35.6x29.8x5.4x
Fri, 10 Jan 2025US$436.8bUS$83.2bUS$14.6b34.1x29.9x5.2x
Sun, 08 Dec 2024US$425.5bUS$83.2bUS$14.6b28.4x29.2x5.1x
Tue, 05 Nov 2024US$433.3bUS$83.3bUS$16.0b26.3x27.1x5.2x
Thu, 03 Oct 2024US$488.1bUS$82.5bUS$15.6b25x31.3x5.9x
Sat, 31 Aug 2024US$484.7bUS$82.5bUS$15.6b26.8x31.1x5.9x
Mon, 29 Jul 2024US$511.9bUS$82.7bUS$13.9b28.9x36.9x6.2x
Wed, 26 Jun 2024US$555.2bUS$82.8bUS$13.8b27.2x40.4x6.7x
Fri, 24 May 2024US$536.9bUS$82.8bUS$13.8b28.8x39x6.5x
Sun, 21 Apr 2024US$459.7bUS$84.5bUS$14.2b32.1x32.4x5.4x
Tue, 19 Mar 2024US$492.8bUS$84.5bUS$14.2b34.5x34.7x5.8x
Thu, 15 Feb 2024US$462.9bUS$85.6bUS$14.5b29.1x31.9x5.4x
Sat, 13 Jan 2024US$410.4bUS$90.1bUS$15.9b24.7x25.8x4.6x
Mon, 11 Dec 2023US$390.9bUS$90.0bUS$15.9b24.5x24.6x4.3x
Wed, 08 Nov 2023US$359.1bUS$90.3bUS$15.6b22.1x23x4x
Fri, 06 Oct 2023US$366.0bUS$93.9bUS$16.9b24.8x21.6x3.9x
Sun, 03 Sep 2023US$409.3bUS$93.9bUS$17.0b27x24.1x4.4x
Tue, 01 Aug 2023US$422.0bUS$94.4bUS$19.6b22.8x21.5x4.5x
Thu, 29 Jun 2023US$398.4bUS$96.1bUS$20.1b19.4x19.8x4.1x
Price to Earnings Ratio

19.8x


Total Market Cap: US$398.4bTotal 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 33.1x202420252026
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 71.6x which is higher than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 15.9x.
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 Market1.40%
Tech3.29%
Semiconductors6.14%
Semiconductor Equipment6.34%
Semiconductors6.12%
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$617.115.3%
+US$24.9b		258.9%PE57.6x
KLAC KLAUS$259.561.2%
+US$4.1b		203.1%PE72.6x
ENTG EntegrisUS$178.779.7%
+US$2.4b		135.3%PE103x
MKSI MKSUS$406.378.3%
+US$2.1b		341.4%PE83.9x
Q Qnity ElectronicsUS$168.984.9%
+US$1.7b		n/aPE54.4x

Latest News

KLAC
US$259.56
KLA
7D
1.2%
1Y
203.1%
TER
US$437.92
Teradyne
7D
1.3%
1Y
401.3%
AXTI
US$84.57
AXT
7D
-23.6%
1Y
4,446.8%
Seeking Alpha • 10h

Why I'm Not Chasing AXT Despite Being The Best AI Substrate Story In The Market

Summary AXT's indium phosphide substrate is genuine critical AI infrastructure, with a confirmed $100M backlog and funded capacity doubling — the demand thesis is real. Revenue is gated not by customer demand but by Chinese export permits; Q4 2025 proved one permit drought can erase an entire quarter with no operational failure. At 27x EV/NTM revenue versus a peer median of ~10x, the bull case only returns +16% while the base case implies -34% and the bear case of -77% — is asymmetrical. Rating is hold: the story works, the price doesn't; the setup gets interesting below $60. Read the full article on Seeking Alpha
SEDG
US$58.05
SolarEdge Technologies
7D
-3.6%
1Y
261.5%
Seeking Alpha • 12h

SolarEdge's Outlook: Revenue Is Up, Execution Is Everything

Summary SolarEdge is executing a recovery, with revenue up 41.5% year-over-year and gross margin rebounding to 22%. Management guides for Q2 2026 revenue of $325–$355 million and EBIT near breakeven, but margins remain highly dependent on U.S. tax credits. Cash discipline and a focus on higher-margin products, domestic manufacturing, and new commercial storage/data center initiatives underpin the investment thesis. I maintain a Buy rating, seeing risk-reward as attractive if margin gains and product expansion persist, but execution and policy risks remain material. Read the full article on Seeking Alpha
Q
US$168.98
Qnity Electronics
7D
4.9%
1Y
n/a
CAMT
US$195.16
Camtek
7D
-1.3%
1Y
160.7%
Analysis Article • Jun 21

Camtek (CAMT) Stock Could Be 11.7% Overvalued After Fresh AI Driven Investor Attention

Camtek event and renewed investor attention Camtek (NasdaqGM:CAMT) has drawn fresh interest after Wasatch Global Investors credited the stock as a key contributor in its Small Cap Growth Strategy, linking performance to AI related semiconductor demand and recently disclosed shelf registration plans. See our latest analysis for Camtek. At a share price of $195.16, Camtek has seen a 16.60% 1 month share price return and a 68.97% year to date share price return, while its 1 year total...
MKSI
US$406.37
MKS
7D
8.3%
1Y
341.4%
Analysis Article • Jun 21

MKS (MKSI) Stock Could Be 125% Overvalued After Analyst Estimate Upgrades

Why MKS Stock Is Back on Investors’ Radar Fresh earnings estimate upgrades and a higher analyst rating have pushed MKS (MKSI) into focus, as investors respond to shifting expectations for the company’s near term performance. See our latest analysis for MKS. MKS shares have been on a strong run, with a 90 day share price return of 72.91% and a year to date share price return of 141.37%. The 1 year total shareholder return of 350.39% reflects how sharply sentiment has shifted on the stock. If...
AMKR
US$90.46
Amkor Technology
7D
5.9%
1Y
346.5%
AMAT
US$617.11
Applied Materials
7D
5.3%
1Y
258.9%
ACLS
US$187.53
Axcelis Technologies
7D
-2.1%
1Y
181.9%
FORM
US$149.55
FormFactor
7D
-2.0%
1Y
351.5%
Narrative Update • Jun 18

FORM: AI Compute Intensity Tailwinds Will Support Margins And Earnings Multiple

Analysts keep the FormFactor price target steady at $175 while adjusting model inputs, such as a slightly higher discount rate and revised growth and profitability assumptions, supported by recent upgrades that cite AI related demand and stronger execution as key drivers for a higher earnings multiple. Analyst Commentary Recent research on FormFactor highlights a mix of views, but several bullish analysts are emphasizing supportive factors that feed into valuation, execution and long term growth expectations, particularly around AI related opportunities.
VECO
US$79.65
Veeco Instruments
7D
-4.1%
1Y
303.9%
Narrative Update • Jun 18

VECO: AI Datacom Orders And Insider Selling Will Pressure Future Stock Returns

Analysts have raised their price target on Veeco Instruments stock to $55, up from $30. They cite updated post-earnings models and refreshed assumptions related to revenue growth, margins, discount rate, and future P/E expectations.
ACMR
US$109.87
ACM Research
7D
15.4%
1Y
345.2%
NVMI
US$575.31
Nova
7D
-5.0%
1Y
145.8%
ENTG
US$178.77
Entegris
7D
9.7%
1Y
135.3%
Narrative Update • Jun 17

ENTG: AI Materials Will Balance WFE Upcycle Promise With Cycle Sensitivity Risks

Analysts have lifted their Entegris price targets by up to $20, with recent updates pointing to higher wafer fab equipment expectations and viewing the company as well positioned for a longer WFE upcycle. Analyst Commentary Recent Street research on Entegris centers on higher price targets tied to wafer fab equipment expectations and how the company might perform if the WFE cycle extends.
ONTO
US$333.76
Onto Innovation
7D
-0.7%
1Y
255.9%
Analysis Article • Jun 16

Onto Innovation (ONTO) Stock Could Be 11.6% Undervalued After Dragonfly G5 Orders And Rigaku Deal

Onto Innovation (ONTO) is back in focus after stronger customer uptake of its inspection tools, the launch of its Dragonfly G5 system with substantial orders, and a new Rigaku partnership including a planned equity stake. See our latest analysis for Onto Innovation. Onto Innovation’s recent news has arrived alongside strong share price momentum, with a 7 day share price return of 24.9%, a 90 day share price return of 70.88%, and a 1 year total shareholder return of 239.8%. This suggests...