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U.S. Semiconductor Equipment Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies39
  • 7D-0.1%
  • 3M21.4%
  • 1Y218.6%
  • YTDn/a

Last week, the Semiconductor Equipment industry hasn't moved much but Teradyne is up 3.9% in that time. As for the the longer term, the industry is up 230% over the past 12 months. 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
Wed, 22 Apr 2026US$1.1tUS$97.8bUS$20.8b51.6x53.7x11.4x
Fri, 20 Mar 2026US$948.8bUS$97.8bUS$20.8b45.2x45.7x9.7x
Sun, 15 Feb 2026US$963.2bUS$97.5bUS$20.7b42.1x46.6x9.9x
Tue, 13 Jan 2026US$866.2bUS$95.9bUS$19.0b44.5x45.5x9x
Thu, 11 Dec 2025US$725.1bUS$95.9bUS$19.0b38.9x38.1x7.6x
Sat, 08 Nov 2025US$678.1bUS$96.0bUS$18.9b37x35.8x7.1x
Mon, 06 Oct 2025US$607.6bUS$89.4bUS$16.3b34.7x37.2x6.8x
Wed, 03 Sep 2025US$452.8bUS$89.4bUS$16.3b26.2x27.7x5.1x
Fri, 01 Aug 2025US$476.0bUS$87.0bUS$15.2b27x31.4x5.5x
Sun, 29 Jun 2025US$467.5bUS$87.0bUS$15.5b28.1x30.2x5.4x
Tue, 27 May 2025US$397.3bUS$87.0bUS$15.5b22.7x25.6x4.6x
Thu, 24 Apr 2025US$351.1bUS$85.0bUS$14.2b25.3x24.6x4.1x
Sat, 22 Mar 2025US$401.7bUS$84.8bUS$14.2b30.3x28.3x4.7x
Mon, 17 Feb 2025US$439.0bUS$85.1bUS$14.5b35x30.2x5.2x
Wed, 15 Jan 2025US$432.0bUS$83.2bUS$14.6b33.4x29.6x5.2x
Fri, 13 Dec 2024US$427.3bUS$83.2bUS$14.6b28x29.3x5.1x
Sun, 10 Nov 2024US$448.3bUS$82.9bUS$14.9b30x30.2x5.4x
Tue, 08 Oct 2024US$487.7bUS$82.5bUS$15.6b26.1x31.3x5.9x
Thu, 05 Sep 2024US$456.9bUS$82.5bUS$15.6b25.4x29.3x5.5x
Sat, 03 Aug 2024US$467.9bUS$83.3bUS$14.0b25.6x33.5x5.6x
Mon, 01 Jul 2024US$572.1bUS$82.8bUS$13.8b32.7x41.6x6.9x
Wed, 29 May 2024US$541.0bUS$82.8bUS$13.8b27.9x39.3x6.5x
Fri, 26 Apr 2024US$482.5bUS$84.0bUS$14.2b33.1x34.1x5.7x
Sun, 24 Mar 2024US$515.3bUS$84.5bUS$14.2b35.5x36.3x6.1x
Tue, 20 Feb 2024US$493.1bUS$85.5bUS$14.7b33x33.6x5.8x
Thu, 18 Jan 2024US$410.1bUS$90.1bUS$15.9b24.7x25.8x4.6x
Sat, 16 Dec 2023US$431.2bUS$90.1bUS$15.9b25.7x27.1x4.8x
Mon, 13 Nov 2023US$381.9bUS$90.2bUS$15.5b23.7x24.6x4.2x
Wed, 11 Oct 2023US$374.1bUS$93.9bUS$17.0b24.8x22.1x4x
Fri, 08 Sep 2023US$391.8bUS$93.9bUS$17.0b25.5x23.1x4.2x
Sun, 06 Aug 2023US$400.4bUS$94.3bUS$17.3b20.4x23.2x4.2x
Tue, 04 Jul 2023US$406.2bUS$96.1bUS$20.1b19.8x20.2x4.2x
Thu, 01 Jun 2023US$387.2bUS$96.1bUS$20.1b17.3x19.2x4x
Sat, 29 Apr 2023US$328.9bUS$95.5bUS$20.6b15x15.9x3.4x
Price to Earnings Ratio

15.9x


Total Market Cap: US$328.9bTotal Earnings: US$20.6bTotal Revenue: US$95.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31x202420252026
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 54.0x which is higher than its 3-year average PE of 30.9x.
  • The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 11.5x.
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 Market1.31%
Tech4.29%
Semiconductors2.47%
Semiconductor Equipment-0.12%
Semiconductors2.78%
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
KLAC KLAUS$1.79k2.1%
+US$4.9b		171.7%PE51.3x
TER TeradyneUS$379.933.9%
+US$2.3b		432.9%PE107.4x
AMKR Amkor TechnologyUS$70.2114.5%
+US$2.2b		339.9%PE46.5x
ENTG EntegrisUS$146.996.9%
+US$1.5b		112.0%PE94.9x
ONTO Onto InnovationUS$290.1110.9%
+US$1.4b		154.0%PE105.5x

Latest News

ONTO
US$290.11
Onto Innovation
7D
10.9%
1Y
154.0%
ACLS
US$133.19
Axcelis Technologies
7D
17.8%
1Y
195.3%

Axcelis Technologies: Medium-Term May Be Priced In, But Overall, A Lot Of Upside

Apr 21
TER
US$379.93
Teradyne
7D
3.9%
1Y
432.9%

TER: AI Data Center Test Demand Will Support Next Cycle Repricing

The analyst price target for Teradyne has been raised from $376.32 to $415.00, reflecting analyst views that modest adjustments to revenue growth, profit margin expectations, and a higher future P/E multiple are warranted following a series of recent price target increases across the Street. Analyst Commentary Recent Street research on Teradyne shows a cluster of higher price targets from bullish analysts, alongside a valuation driven downgrade from Northland.
ENTG
US$146.99
Entegris
7D
6.9%
1Y
112.0%
AMAT
US$394.33
Applied Materials
7D
-0.3%
1Y
185.1%

The Margin Machine: Why Applied Materials Is Outgrowing Its Peers

Apr 18
FORM
US$142.04
FormFactor
7D
10.7%
1Y
456.1%
AEHR
US$93.72
Aehr Test Systems
7D
26.0%
1Y
1,029.2%
DQ
US$20.17
Daqo New Energy
7D
-4.9%
1Y
46.1%
LRCX
US$258.37
Lam Research
7D
-5.2%
1Y
307.0%

LRCX: AI Memory Spending And WFE Demand Will Shape Balanced Outlook

The analyst price target for Lam Research is raised by $6 to reflect updated assumptions around revenue growth, profitability mix, and a slightly lower discount rate. Analysts point to a series of recent target increases and rating changes across the Street as support for the revised view.
SEDG
US$40.57
SolarEdge Technologies
7D
-5.6%
1Y
210.9%

SolarEdge Technologies: Up 200% In 12 Months And Room For More Ahead

Apr 14
KLAC
US$1,785.37
KLA
7D
2.1%
1Y
171.7%

KLAC: Investor Day Framework And Share Gains Will Drive Re Rating

The analyst price target for KLA has been updated from $1,950 to $2,000 as analysts factor in more upbeat Investor Day commentary, refreshed long-term revenue and earnings targets, and a set of broadly higher Street price targets following recent research updates. Analyst Commentary Bullish analysts have been leaning into KLA's updated long term framework, using Investor Day as a key reference point for revisiting their models on growth, margins, and cash generation.
MKSI
US$273.77
MKS
7D
-0.1%
1Y
335.5%

MKSI: Wafer Fab Upswing And Refinancing Benefits Will Ultimately Constrain Upside

Analysts have nudged MKS's blended price target higher, citing stronger recent earnings, healthier margins, improved revenue guidance in key segments, and lower interest expense following debt refinancing, with several firms now setting targets in the $295 to $320 range. Analyst Commentary Across the recent research, most analysts have lifted their price targets on MKS and pointed to solid execution on earnings, margins, and guidance.
AMKR
US$70.21
Amkor Technology
7D
14.5%
1Y
339.9%

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.