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U.S. Semiconductor Equipment Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies39
  • 7D4.9%
  • 3M36.3%
  • 1Y199.7%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 4.9%, driven by gains from Lam Research of 9.8%. This takes the industry's 12 month performance to a gain of 200%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026US$1.1tUS$100.2bUS$21.7b49.9x50.4x10.9x
Fri, 03 Apr 2026US$951.7bUS$97.8bUS$20.8b43.8x45.8x9.7x
Sun, 01 Mar 2026US$987.0bUS$97.9bUS$20.8b45.4x47.5x10.1x
Tue, 27 Jan 2026US$895.5bUS$95.9bUS$19.0b48x47x9.3x
Thu, 25 Dec 2025US$733.3bUS$95.9bUS$19.0b38.8x38.5x7.6x
Sat, 22 Nov 2025US$607.3bUS$95.9bUS$19.0b33.7x31.9x6.3x
Mon, 20 Oct 2025US$606.2bUS$89.4bUS$16.3b33.3x37.1x6.8x
Wed, 17 Sep 2025US$508.0bUS$89.4bUS$16.3b29.4x31.1x5.7x
Fri, 15 Aug 2025US$498.7bUS$89.1bUS$16.2b26.7x30.7x5.6x
Sun, 13 Jul 2025US$494.9bUS$87.0bUS$15.5b31.5x32x5.7x
Tue, 10 Jun 2025US$423.1bUS$87.0bUS$15.5b25.4x27.3x4.9x
Thu, 08 May 2025US$376.6bUS$86.3bUS$15.0b26.4x25x4.4x
Sat, 05 Apr 2025US$342.4bUS$84.8bUS$14.2b22.6x24.1x4x
Mon, 03 Mar 2025US$408.5bUS$84.8bUS$14.2b32.7x28.8x4.8x
Wed, 29 Jan 2025US$426.6bUS$83.2bUS$14.6b34.3x29.2x5.1x
Fri, 27 Dec 2024US$418.7bUS$83.2bUS$14.6b28x28.7x5x
Sun, 24 Nov 2024US$417.8bUS$83.2bUS$14.6b28.3x28.6x5x
Tue, 22 Oct 2024US$442.9bUS$82.5bUS$15.6b26.3x28.4x5.4x
Thu, 19 Sep 2024US$463.2bUS$82.5bUS$15.6b24.5x29.7x5.6x
Sat, 17 Aug 2024US$520.1bUS$83.0bUS$15.8b26.2x32.9x6.3x
Mon, 15 Jul 2024US$592.5bUS$82.8bUS$13.8b34.2x43.1x7.2x
Wed, 12 Jun 2024US$554.2bUS$82.8bUS$13.8b27.5x40.3x6.7x
Fri, 10 May 2024US$505.1bUS$82.7bUS$13.6b31.7x37.1x6.1x
Sun, 07 Apr 2024US$507.0bUS$84.5bUS$14.2b34.5x35.7x6x
Tue, 05 Mar 2024US$517.6bUS$84.5bUS$14.2b36x36.5x6.1x
Thu, 01 Feb 2024US$441.2bUS$88.0bUS$15.0b24.8x29.4x5x
Sat, 30 Dec 2023US$438.7bUS$90.1bUS$15.9b25.8x27.6x4.9x
Mon, 27 Nov 2023US$396.7bUS$90.0bUS$15.9b24.4x24.9x4.4x
Wed, 25 Oct 2023US$347.4bUS$92.3bUS$16.4b22.9x21.2x3.8x
Fri, 22 Sep 2023US$359.4bUS$93.9bUS$17.0b24.6x21.2x3.8x
Sun, 20 Aug 2023US$381.3bUS$93.9bUS$17.0b25x22.5x4.1x
Tue, 18 Jul 2023US$401.8bUS$96.1bUS$20.1b21.5x20x4.2x
Thu, 15 Jun 2023US$398.6bUS$96.1bUS$20.1b18.8x19.8x4.1x
Sat, 13 May 2023US$335.3bUS$95.7bUS$20.1b15.2x16.7x3.5x
Price to Earnings Ratio

16.7x


Total Market Cap: US$335.3bTotal Earnings: US$20.1bTotal Revenue: US$95.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.4x202420252026
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 50.4x which is higher than its 3-year average PE of 31.4x.
  • The 3-year average PS ratio of 5.8x is lower than the industry's current PS ratio of 10.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 2.7% 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 Market1.81%
Tech3.08%
Semiconductors2.13%
Semiconductor Equipment4.87%
Semiconductors1.85%
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
LRCX Lam ResearchUS$275.809.8%
+US$30.7b		277.0%PE51.4x
AMAT Applied MaterialsUS$410.827.8%
+US$23.6b		168.5%PE41.6x
AXTI AXTUS$107.5551.3%
+US$2.3b		8,302.3%PS71.4x
Q Qnity ElectronicsUS$146.476.5%
+US$1.9b		n/aPE44.3x
MKSI MKSUS$287.657.4%
+US$1.3b		295.8%PE65.6x

Latest News

AMAT
US$410.82
Applied Materials
7D
7.8%
1Y
168.5%
AMKR
US$76.71
Amkor Technology
7D
7.5%
1Y
338.8%
AXTI
US$107.55
AXT
7D
51.3%
1Y
8,302.3%
FORM
US$145.00
FormFactor
7D
8.1%
1Y
393.5%
LRCX
US$275.80
Lam Research
7D
9.8%
1Y
277.0%

Lam Research Is Approaching Frothy Levels

May 05
ONTO
US$305.00
Onto Innovation
7D
8.0%
1Y
149.1%
TER
US$357.10
Teradyne
7D
-6.1%
1Y
382.1%

TER: AI Test Demand And Robotics Expansion Will Shape Balanced Future Earnings Power

Teradyne’s analyst price target has been updated by $62 to reflect fresh research that cites Street price target increases from several firms and modest adjustments to long term growth, profitability, and valuation assumptions by analysts. Analyst Commentary Recent Street research on Teradyne shows a cluster of price target changes and rating moves, with most firms lifting their targets and a smaller group expressing caution around valuation.
KLAC
US$1,732.90
KLA
7D
-4.2%
1Y
155.1%
INTT
US$16.33
InTest
7D
-3.4%
1Y
178.2%

INTT: Solid 2026 Outlook And Q4 Execution Will Support Measured Upside Potential

Analysts have raised their price expectations for inTEST to a range of about $14 to $19. They cited better-than-expected Q4 results and "solid" guidance through 2026 as the basis for the higher targets.
DQ
US$20.01
Daqo New Energy
7D
-8.8%
1Y
52.6%
MKSI
US$287.65
MKS
7D
7.4%
1Y
295.8%

MKSI: Wafer Fab Upswing And Refinancing Tailwinds Will Eventually Limit Upside

The analyst price target for MKS has been reset lower to $212.72 from $227.99 as analysts balance stronger revenue growth and profit margin assumptions with a slightly lower future P/E multiple and an updated fair value estimate. Analyst Commentary Recent research on MKS has centered on how to balance a higher fundamental outlook with valuation discipline.
Q
US$146.47
Qnity Electronics
7D
6.5%
1Y
n/a