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U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies39
  • 7D3.0%
  • 3M34.8%
  • 1Y210.5%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 3.0%, driven by gains from Applied Materials of 6.0%. This means that the industry has gained 211% 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
Tue, 02 Jun 2026US$1.3tUS$101.7bUS$22.6b67x55.9x12.4x
Thu, 30 Apr 2026US$1.1tUS$99.9bUS$21.6b49.3x50.6x10.9x
Sat, 28 Mar 2026US$912.5bUS$97.8bUS$20.8b42x43.9x9.3x
Mon, 23 Feb 2026US$998.4bUS$97.8bUS$20.8b40.5x48.1x10.2x
Wed, 21 Jan 2026US$912.2bUS$95.9bUS$19.0b47.1x47.9x9.5x
Fri, 19 Dec 2025US$673.1bUS$95.9bUS$19.0b36x35.4x7x
Sun, 16 Nov 2025US$635.0bUS$95.8bUS$19.0b34.7x33.4x6.6x
Tue, 14 Oct 2025US$557.5bUS$89.4bUS$16.3b32.4x34.1x6.2x
Thu, 11 Sep 2025US$471.3bUS$89.4bUS$16.3b27.8x28.8x5.3x
Sat, 09 Aug 2025US$472.5bUS$89.1bUS$16.2b25.1x29.1x5.3x
Mon, 07 Jul 2025US$485.1bUS$87.0bUS$15.5b29x31.3x5.6x
Wed, 04 Jun 2025US$400.4bUS$87.0bUS$15.5b23.6x25.9x4.6x
Fri, 02 May 2025US$375.3bUS$86.4bUS$15.0b25.4x25x4.3x
Sun, 30 Mar 2025US$375.5bUS$84.8bUS$14.2b28.4x26.4x4.4x
Tue, 25 Feb 2025US$441.2bUS$84.9bUS$14.4b34.6x30.7x5.2x
Thu, 23 Jan 2025US$469.3bUS$83.2bUS$14.6b37.8x32.2x5.6x
Sat, 21 Dec 2024US$401.2bUS$83.2bUS$14.6b26.7x27.5x4.8x
Mon, 18 Nov 2024US$400.4bUS$83.2bUS$14.6b29x27.4x4.8x
Wed, 16 Oct 2024US$455.8bUS$82.5bUS$15.6b27.2x29.2x5.5x
Fri, 13 Sep 2024US$461.6bUS$82.5bUS$15.6b25.3x29.6x5.6x
Sun, 11 Aug 2024US$471.6bUS$82.6bUS$15.7b25x30.1x5.7x
Tue, 09 Jul 2024US$587.0bUS$82.8bUS$13.8b33.9x42.7x7.1x
Thu, 06 Jun 2024US$520.4bUS$82.8bUS$13.8b29.7x37.8x6.3x
Sat, 04 May 2024US$489.6bUS$83.3bUS$13.8b31.5x35.4x5.9x
Mon, 01 Apr 2024US$511.6bUS$84.5bUS$14.2b35.9x36x6.1x
Wed, 28 Feb 2024US$496.8bUS$84.9bUS$14.5b34x34.3x5.9x
Fri, 26 Jan 2024US$458.9bUS$88.5bUS$15.4b25.1x29.8x5.2x
Sun, 24 Dec 2023US$434.4bUS$90.1bUS$15.9b25.7x27.3x4.8x
Tue, 21 Nov 2023US$389.7bUS$90.0bUS$15.9b24.5x24.5x4.3x
Thu, 19 Oct 2023US$371.9bUS$93.9bUS$17.0b24.8x21.9x4x
Sat, 16 Sep 2023US$382.0bUS$93.9bUS$17.0b24.8x22.5x4.1x
Mon, 14 Aug 2023US$381.6bUS$94.0bUS$17.0b25.1x22.4x4.1x
Wed, 12 Jul 2023US$388.7bUS$96.1bUS$20.1b19x19.3x4x
Fri, 09 Jun 2023US$390.3bUS$96.1bUS$20.1b18.5x19.4x4.1x
Price to Earnings Ratio

19.4x


Total Market Cap: US$390.3bTotal 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 32.3x202420252026
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 55.9x which is higher than its 3-year average PE of 32.3x.
  • 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 Market1.58%
Tech4.73%
Semiconductors3.74%
Semiconductor Equipment3.02%
Semiconductors3.82%
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$458.176.0%
+US$20.6b		191.3%PE42.7x
KLAC KLAUS$1.94k2.7%
+US$6.7b		154.5%PE54.3x
AMKR Amkor TechnologyUS$72.7510.6%
+US$1.7b		301.7%PE41.3x
TER TeradyneUS$369.473.1%
+US$1.7b		364.8%PE67.7x
SEDG SolarEdge TechnologiesUS$75.8022.4%
+US$842.3m		343.3%PS3.6x

Latest News

AMAT
US$458.17
Applied Materials
7D
6.0%
1Y
191.3%
KLAC
US$1,940.04
KLA
7D
2.7%
1Y
154.5%
Seeking Alpha • 9h

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
LRCX
US$317.12
Lam Research
7D
-1.7%
1Y
279.1%
AXTI
US$109.55
AXT
7D
-22.2%
1Y
6,877.7%
COHU
US$54.50
Cohu
7D
17.1%
1Y
214.7%
Narrative Update • Jun 01

COHU: AI And Auto Recovery Prospects Will Face Cycle And Execution Risks

Narrative Update: Cohu Analyst Price Target Shift The analyst price target for Cohu has been revised higher by multiple firms, with increases such as $25, $21, $18, $10, $9, $5 and a new $35 initiation. Analysts cite potential support from a cyclical auto industrial recovery, expansion into AI and compute applications, and recurring revenue.
ACMR
US$82.05
ACM Research
7D
11.9%
1Y
260.7%
TER
US$369.47
Teradyne
7D
3.1%
1Y
364.8%
PLAB
US$31.87
Photronics
7D
-38.1%
1Y
86.3%
Q
US$151.92
Qnity Electronics
7D
-3.2%
1Y
n/a
ENTG
US$135.73
Entegris
7D
-4.5%
1Y
89.0%
ONTO
US$255.71
Onto Innovation
7D
-2.5%
1Y
175.7%
NVMI
US$481.82
Nova
7D
-4.3%
1Y
127.5%
PDFS
US$51.28
PDF Solutions
7D
11.3%
1Y
187.8%
SEDG
US$75.80
SolarEdge Technologies
7D
22.4%
1Y
343.3%
Narrative Update • May 24

SEDG: Stretched Rally Will Struggle To Withstand Weak Fundamentals

Analysts have increased their implied fair value estimate for SolarEdge Technologies by about $5.90 per share, reflecting updated assumptions around margins, discount rates, and future P/E multiples following a series of mixed price target changes and valuation comments across recent research reports. Analyst Commentary Recent research on SolarEdge Technologies shows a split between analysts who see progress on margins and competitive positioning and those who are more focused on valuation risk and the quality of the recent share price rally.
AMKR
US$72.75
Amkor Technology
7D
10.6%
1Y
301.7%
FORM
US$115.07
FormFactor
7D
-10.8%
1Y
283.3%