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U.S. Semiconductor Equipment Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies38
  • 7D1.6%
  • 3M39.6%
  • 1Y104.0%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 1.7%, driven by gains from Teradyne of 24%. This means that the industry has gained 105% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 27 May 2023US$386.9bUS$96.1bUS$20.1b18x19.2x4x
Mon, 24 Apr 2023US$338.3bUS$95.9bUS$21.0b15.4x16.1x3.5x
Wed, 22 Mar 2023US$346.7bUS$96.1bUS$21.2b16.6x16.4x3.6x
Fri, 17 Feb 2023US$344.3bUS$94.8bUS$21.0b17.6x16.4x3.6x
Price to Earnings Ratio

16.4x


Total Market Cap: US$344.3bTotal Earnings: US$21.0bTotal Revenue: US$94.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 29x202420252026
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 46.5x which is higher than its 3-year average PE of 29.0x.
  • The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 9.4x.
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 Market0.33%
Tech0.71%
Semiconductors2.50%
Semiconductor Equipment1.60%
Semiconductors2.60%
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
TER TeradyneUS$310.0124.2%
+US$9.5b		171.8%PE87.6x
KLAC KLAUS$1.44k2.1%
+US$3.9b		91.6%PE41.4x
AMAT Applied MaterialsUS$330.570.7%
+US$1.7b		80.0%PE37.5x
ENPH Enphase EnergyUS$50.3034.9%
+US$1.7b		-19.6%PE38.2x
FORM FormFactorUS$94.8827.0%
+US$1.6b		171.2%PE135.3x

Latest News

AMKR
US$52.52
Amkor Technology
7D
13.6%
1Y
143.2%
KLAC
US$1,440.16
KLA
7D
2.1%
1Y
91.6%
LRCX
US$229.28
Lam Research
7D
-3.5%
1Y
173.8%
TER
US$310.01
Teradyne
7D
24.2%
1Y
171.8%
ACLS
US$85.47
Axcelis Technologies
7D
-3.8%
1Y
26.5%

ACLS: Multi Year Demand Visibility Will Shape Future Cash Flow Potential

Analysts have raised their price expectations for Axcelis Technologies by around US$10 per share, citing a stronger multi year demand outlook, improved visibility, broader customer exposure and the potential for higher free cash flow generation in the next upturn. Analyst Commentary Bullish Takeaways Bullish analysts have lifted their Axcelis price targets by about US$10 per share, which reflects a view that the company’s earnings power and cash generation prospects may support a higher valuation range over the next cycle.
ATOM
US$2.52
Atomera
7D
-5.3%
1Y
-70.9%

Will Atomera (NASDAQ:ATOM) Spend Its Cash Wisely?

Feb 08
Will Atomera (NASDAQ:ATOM) Spend Its Cash Wisely?
ASYS
US$12.56
Amtech Systems
7D
-28.6%
1Y
150.2%

ASYS: Future Earnings Guidance And Buyback Program Will Drive Upside Potential

Analysts have lifted their price target on Amtech Systems to $16.00 to reflect updated views on fair value, supported by revised assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. What's in the News Amtech issued earnings guidance for the fiscal year ended September 30, 2025, with estimated net revenue of $79.4 million (company guidance).
FORM
US$94.88
FormFactor
7D
27.0%
1Y
171.2%

Results: FormFactor, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Feb 07
Results: FormFactor, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
ENPH
US$50.30
Enphase Energy
7D
34.9%
1Y
-19.6%

ENPH: Fair Value View Weighs Residential Demand Risks And Product Pipeline Visibility

Analysts have raised their price target on Enphase Energy from about US$38 to roughly US$45. This reflects updated views on slightly firmer revenue expectations, a modestly lower discount rate, and a higher assumed future P/E multiple supported by a wave of recent target hikes and upgrades across major firms.
ENTG
US$122.39
Entegris
7D
7.6%
1Y
15.7%

ENTG: Higher Future P/E Assumptions Will Drive Shares Toward Updated Fair Value

Analysts have raised their price target on Entegris from US$115 to US$150, reflecting updated assumptions for slightly higher revenue growth, a lower profit margin profile, and a higher future P/E multiple, alongside a mix of recent target increases and downgrades across Wall Street. Analyst Commentary Recent research on Entegris shows a mix of optimism and caution, with several bullish analysts lifting price targets and turning more constructive on the shares, while others have moved to the sidelines.
VECO
US$30.51
Veeco Instruments
7D
-3.2%
1Y
23.9%

VECO: DRAM And Power Semiconductor Wins Will Reshape Revenue Mix

Analysts have raised their price target on Veeco Instruments to $38.00, citing updated assumptions that include revised views on discount rate, revenue growth, profit margin, and future P/E levels. What's in the News Veeco scheduled a special or extraordinary shareholders meeting for February 6, 2026, which could bring updates on corporate actions or governance matters.
MKSI
US$250.60
MKS
7D
9.2%
1Y
126.5%

MKSI: Wafer Fab Cycle Reliance Will Constrain Upside Despite Sector Optimism

Our updated analyst price target for MKS edges lower to about $140 from roughly $142 as analysts factor in higher long term revenue growth and slightly stronger profit margins, partly offset by a more conservative future P/E assumption and a modest tweak to the discount rate following a series of recent target increases across the Street. Analyst Commentary Street research has generally been supportive of MKS in recent months, with several firms lifting their price targets and maintaining positive ratings.
AMAT
US$330.57
Applied Materials
7D
0.7%
1Y
80.0%

AMAT: Future Multiple Compression Will Likely Follow Aggressive Wafer Equipment Spending Cycle

Our analyst fair value estimate for Applied Materials has moved up by $10 to $190 per share, reflecting updated assumptions on revenue growth, profitability, and long-term P/E, in line with the series of recent price target hikes and upgrades from Street analysts. Analyst Commentary Recent Street research on Applied Materials has been dominated by higher price targets, fresh initiations with constructive views, and several upgrades.
ALMU
US$14.90
Aeluma
7D
-6.4%
1Y
136.5%