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U.S. Semiconductor Equipment Industry Analysis

UpdatedSep 09, 2026
DataAggregated Company Financials
Companies39
  • 7D9.4%
  • 3M-11.2%
  • 1Y158.4%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 9.4%, with Lam Research up 10%. This takes the industry's 12 month performance to a gain of 158%. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Sep 2026US$1.2tUS$108.0bUS$25.0b50.8x48.8x11.3x
Sat, 08 Aug 2026US$1.3tUS$106.1bUS$24.2b53.6x53x12.1x
Mon, 06 Jul 2026US$1.5tUS$101.7bUS$22.6b74.2x65.5x14.5x
Wed, 03 Jun 2026US$1.3tUS$101.7bUS$22.6b70.6x56.1x12.4x
Fri, 01 May 2026US$1.1tUS$100.3bUS$21.7b48.6x49.8x10.8x
Sun, 29 Mar 2026US$907.9bUS$97.8bUS$20.8b42x43.7x9.3x
Tue, 24 Feb 2026US$998.4bUS$97.8bUS$20.8b40.3x48.1x10.2x
Thu, 22 Jan 2026US$911.3bUS$95.9bUS$19.0b48.3x47.9x9.5x
Sat, 20 Dec 2025US$699.0bUS$95.9bUS$19.0b37.8x36.7x7.3x
Mon, 17 Nov 2025US$635.0bUS$95.8bUS$19.0b34.7x33.4x6.6x
Wed, 15 Oct 2025US$585.1bUS$89.4bUS$16.3b32.6x35.8x6.5x
Fri, 12 Sep 2025US$479.1bUS$89.4bUS$16.3b28.3x29.3x5.4x
Sun, 10 Aug 2025US$478.5bUS$89.1bUS$16.2b25.1x29.5x5.4x
Tue, 08 Jul 2025US$485.1bUS$87.0bUS$15.5b28.6x31.3x5.6x
Thu, 05 Jun 2025US$409.6bUS$87.0bUS$15.5b24.6x26.5x4.7x
Sat, 03 May 2025US$370.8bUS$86.4bUS$15.0b25.7x24.8x4.3x
Mon, 31 Mar 2025US$375.5bUS$84.8bUS$14.2b28.4x26.4x4.4x
Wed, 26 Feb 2025US$434.6bUS$85.1bUS$14.4b33.6x30.2x5.1x
Fri, 24 Jan 2025US$474.6bUS$83.2bUS$14.6b36.6x32.5x5.7x
Sun, 22 Dec 2024US$405.8bUS$83.2bUS$14.6b26.7x27.8x4.9x
Tue, 19 Nov 2024US$400.4bUS$83.2bUS$14.6b29x27.4x4.8x
Thu, 17 Oct 2024US$444.1bUS$82.5bUS$15.6b26.5x28.5x5.4x
Sat, 14 Sep 2024US$452.6bUS$82.5bUS$15.6b25.4x29x5.5x
Mon, 12 Aug 2024US$471.6bUS$82.6bUS$15.7b25x30.1x5.7x
Wed, 10 Jul 2024US$596.1bUS$82.8bUS$13.8b34.4x43.3x7.2x
Fri, 07 Jun 2024US$545.9bUS$82.8bUS$13.8b28.5x39.7x6.6x
Sun, 05 May 2024US$498.4bUS$83.3bUS$13.8b31.5x36x6x
Tue, 02 Apr 2024US$511.6bUS$84.5bUS$14.2b36.1x36x6.1x
Thu, 29 Feb 2024US$493.7bUS$84.9bUS$14.5b33.9x34.1x5.8x
Sat, 27 Jan 2024US$460.0bUS$88.0bUS$15.0b24.9x30.7x5.2x
Mon, 25 Dec 2023US$434.4bUS$90.1bUS$15.9b25.7x27.3x4.8x
Wed, 22 Nov 2023US$389.7bUS$90.0bUS$15.9b24.5x24.5x4.3x
Fri, 20 Oct 2023US$354.6bUS$92.3bUS$16.4b23.2x21.6x3.8x
Sun, 17 Sep 2023US$365.7bUS$93.9bUS$17.0b24.8x21.6x3.9x
Price to Earnings Ratio

21.6x


Total Market Cap: US$365.7bTotal Earnings: US$17.0bTotal Revenue: US$93.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 35.8x202420252026
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 48.8x which is higher than its 3-year average PE of 35.7x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 11.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market0.90%
Tech1.76%
Semiconductors5.10%
Semiconductor Equipment9.43%
Semiconductors4.65%
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$315.849.5%
+US$34.4b		194.2%PE54.4x
AMAT Applied MaterialsUS$468.856.9%
+US$24.1b		186.9%PE40.2x
KLAC KLAUS$182.916.2%
+US$13.9b		96.1%PE49.5x
TER TeradyneUS$383.6912.3%
+US$6.6b		225.7%PE52.2x
ENTG EntegrisUS$143.038.9%
+US$1.8b		80.1%PE71.5x

Latest News

KLAC
US$182.91
KLA
7D
6.2%
1Y
96.1%
Seeking Alpha • 16h

KLA Corporation Is A Buy The Dip Opportunity (Technical Analysis)

Summary KLA Corporation exhibits a bullish trend, with price action showing higher highs and recapturing its 30-week EMA. KLAC's fundamentals are robust, with FY 2027 and FY 2028 revenue and EPS estimates projecting 33%-57% and 44%-77% growth, respectively. Management targets doubling revenues and a 123% EPS increase by FY 2030, supported by strong cash flow, buybacks, and consistent dividend hikes. Despite recent volume weakness and short-term underperformance versus the S&P 500, the current pullback is viewed as a buy-the-dip opportunity. Read the full article on Seeking Alpha
FORM
US$114.18
FormFactor
7D
18.2%
1Y
287.8%
ONTO
US$278.40
Onto Innovation
7D
9.4%
1Y
162.5%
DQ
US$12.05
Daqo New Energy
7D
-6.4%
1Y
-54.4%
Narrative Update • Sep 04

DQ: Poly Pricing Recovery And Cost Discipline Will Support Future Re Rating Potential

Analysts have trimmed their fair value estimate for Daqo New Energy from $35.50 to $31.87 and lowered Street price targets, citing recent quarterly losses, softer realized pricing and higher costs, as well as a view that recent share valuations already reflect optimistic expectations for a recovery in polysilicon prices. Analyst Commentary on Daqo New Energy Recent Street research on Daqo New Energy reflects a mixed backdrop, with some concern around recent losses and pricing, but also pockets of optimism.
LRCX
US$315.84
Lam Research
7D
9.5%
1Y
194.2%
Narrative Update • Sep 04

LRCX: AI Wafer Equipment Upswing And Oregon Lab Expansion Will Drive Returns

Lam Research's analyst price target has been updated to $370.87 from $323.38 as analysts factor in revised assumptions for revenue growth, profit margins and valuation multiples across the semiconductor equipment space. Analyst Commentary Recent research on Lam Research shows a mix of optimism about long term growth drivers and caution around how much investors are willing to pay for that growth.
AMAT
US$468.85
Applied Materials
7D
6.9%
1Y
186.9%
Narrative Update • Sep 03

AMAT: AI WFE Cycle And High Expectations Will Shape Future P/E

Applied Materials' analyst price target has been revised higher to $433.20 from $392.76 as analysts point to stronger projected revenue growth, higher profit margin assumptions, and sustained AI driven wafer fab equipment demand as key supports for the updated view. Analyst Commentary Street research on Applied Materials over 2025 and 2026 shows an active debate around how much of the AI and wafer fab equipment story is already reflected in the share price.
ENTG
US$143.03
Entegris
7D
8.9%
1Y
80.1%
Narrative Update • Sep 03

ENTG: Cycle Recovery And AI Materials Outlook Will Test Elevated P E

Analysts have lifted their fair value estimate for Entegris by about $6 to $126.92 as they factor in higher expected revenue growth, a slightly higher assumed future P/E of 41.21x, and the potential for improving margins supported by a stronger wafer fab equipment cycle and expanding demand from advanced semiconductor nodes. Analyst Commentary Recent Street research on Entegris shows a mix of optimism about long term demand for advanced semiconductor materials and some ongoing caution about what is already reflected in the share price.
TER
US$383.69
Teradyne
7D
12.3%
1Y
225.7%
Q
US$125.47
Qnity Electronics
7D
6.6%
1Y
n/a
CVV
US$6.42
CVD Equipment
7D
-2.9%
1Y
109.8%