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U.S. Semiconductor Equipment Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies39
  • 7D-2.6%
  • 3M39.8%
  • 1Y57.8%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 2.6%, driven by a pullback from Lam Research of 7.8%. Over the past 12 months, the industry was up 58%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025US$628.9bUS$95.8bUS$19.0b34.1x33.1x6.6x
Sat, 18 Oct 2025US$609.6bUS$89.4bUS$16.3b33.3x37.3x6.8x
Mon, 15 Sep 2025US$497.5bUS$89.4bUS$16.3b28.6x30.4x5.6x
Wed, 13 Aug 2025US$479.9bUS$89.1bUS$16.2b26.5x29.6x5.4x
Fri, 11 Jul 2025US$490.4bUS$87.0bUS$15.5b31.6x31.7x5.6x
Sun, 08 Jun 2025US$423.0bUS$87.0bUS$15.5b24.9x27.3x4.9x
Tue, 06 May 2025US$382.9bUS$86.4bUS$15.0b25.8x25.6x4.4x
Thu, 03 Apr 2025US$376.9bUS$84.8bUS$14.2b28.4x26.5x4.4x
Sat, 01 Mar 2025US$405.9bUS$84.8bUS$14.2b32.7x28.6x4.8x
Mon, 27 Jan 2025US$457.1bUS$83.2bUS$14.6b36.2x31.3x5.5x
Wed, 25 Dec 2024US$418.7bUS$83.2bUS$14.6b28.3x28.7x5x
Fri, 22 Nov 2024US$403.7bUS$83.2bUS$14.6b29.5x27.7x4.9x
Sun, 20 Oct 2024US$442.9bUS$82.5bUS$15.6b26.3x28.4x5.4x
Tue, 17 Sep 2024US$465.2bUS$82.5bUS$15.6b25.2x29.8x5.6x
Thu, 15 Aug 2024US$494.0bUS$82.6bUS$15.7b24.7x31.5x6x
Sat, 13 Jul 2024US$587.0bUS$82.8bUS$13.8b34.2x42.7x7.1x
Mon, 10 Jun 2024US$537.3bUS$82.8bUS$13.8b28.8x39.1x6.5x
Wed, 08 May 2024US$506.4bUS$83.3bUS$13.8b31.2x36.6x6.1x
Fri, 05 Apr 2024US$511.7bUS$84.5bUS$14.2b34.8x36.1x6.1x
Sun, 03 Mar 2024US$518.9bUS$84.5bUS$14.2b36x36.6x6.1x
Tue, 30 Jan 2024US$442.2bUS$88.0bUS$15.0b25.4x29.5x5x
Thu, 28 Dec 2023US$441.3bUS$90.1bUS$15.9b26.2x27.7x4.9x
Sat, 25 Nov 2023US$396.7bUS$90.0bUS$15.9b24.4x24.9x4.4x
Mon, 23 Oct 2023US$348.5bUS$92.3bUS$16.4b23x21.2x3.8x
Wed, 20 Sep 2023US$366.5bUS$93.9bUS$17.0b24.8x21.6x3.9x
Fri, 18 Aug 2023US$376.7bUS$94.0bUS$17.0b24.8x22.1x4x
Sun, 16 Jul 2023US$401.8bUS$96.1bUS$20.1b20.7x20x4.2x
Tue, 13 Jun 2023US$396.7bUS$96.1bUS$20.1b18.6x19.7x4.1x
Thu, 11 May 2023US$331.9bUS$95.4bUS$20.3b15.1x16.4x3.5x
Sat, 08 Apr 2023US$330.9bUS$96.1bUS$21.2b15.8x15.6x3.4x
Mon, 06 Mar 2023US$347.0bUS$96.1bUS$21.2b16x16.4x3.6x
Wed, 01 Feb 2023US$340.9bUS$93.9bUS$21.2b16.8x16.1x3.6x
Fri, 30 Dec 2022US$310.5bUS$92.3bUS$20.7b14.9x15x3.4x
Sun, 27 Nov 2022US$338.0bUS$92.3bUS$20.7b15.5x16.3x3.7x
Price to Earnings Ratio

16.3x


Total Market Cap: US$338.0bTotal Earnings: US$20.7bTotal Revenue: US$92.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 27.1x202320242025
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 33.0x which is higher than its 3-year average PE of 27.1x.
  • The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 2.8% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Semiconductor Equipment compare with similar industries?

US Market-3.08%
Tech-4.17%
Semiconductors-4.04%
Semiconductor Equipment-2.64%
Semiconductors-4.15%
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$235.131.9%
+US$3.5b		37.9%PE26.8x
TRT Trio-Tech InternationalUS$7.6915.6%
+US$4.5m		11.6%PE118x
CVV CVD EquipmentUS$3.335.0%
+US$1.1m		7.1%PS0.8x

Latest News

AMKR
US$31.43
Amkor Technology
7D
-8.8%
1Y
23.9%
LRCX
US$148.80
Lam Research
7D
-2.9%
1Y
103.5%
NVMI
US$289.73
Nova
7D
-7.1%
1Y
66.3%

NVMI: DRAM Investment Momentum Will Drive AI Market Leadership Ahead

Analysts have raised Nova's fair value estimate from $321.67 to $365.83, citing improved outlooks for DRAM investment as well as stronger positioning in AI computing technologies. Analyst Commentary Recent street research highlights notable shifts in sentiment toward Nova, with optimism focused on its enhanced position in the AI computing market and a more promising environment for DRAM investment.
KLAC
US$1,167.46
KLA
7D
-2.6%
1Y
89.3%

KLAC: Rising AI And DRAM Momentum Will Drive Stronger Performance Ahead

KLA's analyst price target has been revised upward, increasing by $15 to $1,287. Analysts cite robust quarterly results, enhanced positioning in AI and DRAM markets, and improving profit margins as key factors supporting a positive outlook.
AMAT
US$235.13
Applied Materials
7D
1.9%
1Y
37.9%

US$238 - That's What Analysts Think Applied Materials, Inc. (NASDAQ:AMAT) Is Worth After These Results

Nov 16
US$238 - That's What Analysts Think Applied Materials, Inc. (NASDAQ:AMAT) Is Worth After These Results
MKSI
US$143.86
MKS
7D
-6.1%
1Y
32.8%

MKSI: Future Equipment Spending Momentum Will Drive Shares Higher

Analysts have raised their price target for MKS to $174.85 from $143.23. They cite stronger-than-expected growth in wafer fab equipment investment and improving profit margins, which support a more optimistic outlook.
TRT
US$7.69
Trio-Tech International
7D
15.6%
1Y
11.6%
Q
US$79.62
Qnity Electronics
7D
-13.4%
1Y
n/a
TER
US$168.23
Teradyne
7D
-6.2%
1Y
62.4%
CVV
US$3.33
CVD Equipment
7D
5.0%
1Y
7.1%
ENTG
US$73.77
Entegris
7D
-12.2%
1Y
-26.2%

ENTG: Future Semiconductor Demand Will Accelerate Gains For Pure-Play Chemicals

Entegris' analyst price target has been adjusted slightly downward from $101.08 to $100.50, as analysts incorporate marginally softer revenue growth expectations. Nevertheless, there is continued optimism about the company's positioning alongside peers in the electronic chemicals sector.