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U.S. Semiconductor Equipment Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies38
  • 7D1.7%
  • 3M34.7%
  • 1Y104.5%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 1.7%, driven by gains from Teradyne of 25%. This takes the industry's 12 month performance to a gain of 105%. 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
Sun, 08 Feb 2026US$919.6bUS$97.4bUS$19.8b41.5x46.5x9.4x
Tue, 06 Jan 2026US$796.2bUS$95.9bUS$19.0b42x41.8x8.3x
Thu, 04 Dec 2025US$698.4bUS$95.9bUS$19.0b38x36.7x7.3x
Sat, 01 Nov 2025US$677.4bUS$91.2bUS$17.0b34x39.8x7.4x
Mon, 29 Sep 2025US$564.0bUS$89.4bUS$16.3b30.6x34.5x6.3x
Wed, 27 Aug 2025US$463.0bUS$89.4bUS$16.3b27.6x28.3x5.2x
Fri, 25 Jul 2025US$475.2bUS$87.1bUS$15.5b26.8x30.7x5.5x
Sun, 22 Jun 2025US$444.9bUS$87.0bUS$15.5b25.6x28.7x5.1x
Tue, 20 May 2025US$420.0bUS$87.0bUS$15.5b23.1x27.1x4.8x
Thu, 17 Apr 2025US$362.8bUS$84.9bUS$14.2b23.6x25.5x4.3x
Sat, 15 Mar 2025US$387.7bUS$84.8bUS$14.2b30.1x27.3x4.6x
Mon, 10 Feb 2025US$447.8bUS$84.7bUS$15.2b36.7x29.4x5.3x
Wed, 08 Jan 2025US$440.9bUS$83.2bUS$14.6b33.9x30.2x5.3x
Fri, 06 Dec 2024US$437.8bUS$83.2bUS$14.6b27.7x30x5.3x
Sun, 03 Nov 2024US$433.3bUS$83.4bUS$15.9b24.1x27.2x5.2x
Tue, 01 Oct 2024US$494.5bUS$82.5bUS$15.6b25.1x31.7x6x
Thu, 29 Aug 2024US$494.2bUS$82.5bUS$15.6b26.3x31.7x6x
Sat, 27 Jul 2024US$502.2bUS$82.7bUS$13.9b28.9x36.2x6.1x
Mon, 24 Jun 2024US$568.2bUS$82.8bUS$13.8b27.2x41.3x6.9x
Wed, 22 May 2024US$533.2bUS$82.8bUS$13.8b29.2x38.7x6.4x
Fri, 19 Apr 2024US$472.0bUS$84.5bUS$14.2b32.9x33.3x5.6x
Sun, 17 Mar 2024US$487.6bUS$84.5bUS$14.2b33.7x34.3x5.8x
Tue, 13 Feb 2024US$474.4bUS$85.8bUS$14.5b31.5x32.6x5.5x
Thu, 11 Jan 2024US$410.4bUS$90.1bUS$15.9b24.8x25.8x4.6x
Sat, 09 Dec 2023US$393.3bUS$90.0bUS$15.9b24.5x24.7x4.4x
Mon, 06 Nov 2023US$359.1bUS$90.3bUS$15.6b22x23x4x
Wed, 04 Oct 2023US$368.2bUS$93.9bUS$16.9b24.8x21.7x3.9x
Fri, 01 Sep 2023US$406.9bUS$93.9bUS$17.0b27.2x24x4.3x
Sun, 30 Jul 2023US$408.1bUS$94.4bUS$19.6b22.2x20.8x4.3x
Tue, 27 Jun 2023US$385.6bUS$96.1bUS$20.1b18.1x19.2x4x
Thu, 25 May 2023US$350.9bUS$96.1bUS$20.1b16x17.5x3.7x
Sat, 22 Apr 2023US$338.3bUS$95.9bUS$21.0b15.4x16.1x3.5x
Mon, 20 Mar 2023US$343.0bUS$96.1bUS$21.2b16.7x16.2x3.6x
Wed, 15 Feb 2023US$351.2bUS$94.4bUS$21.0b17.4x16.7x3.7x
Price to Earnings Ratio

16.7x


Total Market Cap: US$351.2bTotal Earnings: US$21.0bTotal Revenue: US$94.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 28.9x202420252026
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 28.9x.
  • The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 9.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 2.0% 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-0.071%
Tech-1.49%
Semiconductors-1.41%
Semiconductor Equipment1.73%
Semiconductors-1.75%
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$300.1124.5%
+US$9.2b		165.0%PE84.8x
KLAC KLAUS$1.44k1.1%
+US$2.0b		93.0%PE41.5x
ENPH Enphase EnergyUS$49.8034.7%
+US$1.7b		-21.6%PE37.9x
FORM FormFactorUS$90.2928.1%
+US$1.5b		151.9%PE128.8x
KLIC Kulicke and Soffa IndustriesUS$70.9223.7%
+US$710.8m		70.7%PS5.4x

Latest News

FORM
US$90.29
FormFactor
7D
28.1%
1Y
151.9%

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
ASYS
US$11.12
Amtech Systems
7D
-33.8%
1Y
115.9%

Calculating The Fair Value Of Amtech Systems, Inc. (NASDAQ:ASYS)

Feb 07
Calculating The Fair Value Of Amtech Systems, Inc. (NASDAQ:ASYS)
ENPH
US$49.80
Enphase Energy
7D
34.7%
1Y
-21.6%

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.
LRCX
US$231.01
Lam Research
7D
-1.0%
1Y
180.6%
KLIC
US$70.92
Kulicke and Soffa Industries
7D
23.7%
1Y
70.7%
Q
US$98.22
Qnity Electronics
7D
2.1%
1Y
n/a
KLAC
US$1,442.95
KLA
7D
1.1%
1Y
93.0%
TER
US$300.11
Teradyne
7D
24.5%
1Y
165.0%

TER: AI Test Demand And Robotics Expansion Will Drive Bullish Outlook

Our updated fair value estimate for Teradyne rises from US$240.00 to about US$396.82. This reflects analysts' higher price targets across multiple firms and their rationale tied to stronger industry spending expectations, while incorporating a slightly lower discount rate and adjusted assumptions for revenue growth, profit margins and future P/E.
ACLS
US$86.08
Axcelis Technologies
7D
-2.3%
1Y
34.8%
ENTG
US$122.37
Entegris
7D
3.6%
1Y
14.9%

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.
PDFS
US$29.07
PDF Solutions
7D
-8.7%
1Y
5.2%

PDFS: Backlog Acceleration Will Support Future Semiconductor Demand Upside

Analysts have lifted their price target on PDF Solutions to $34 from $24, citing faster backlog growth and stronger confidence in future semiconductor related demand as the key drivers behind the updated view. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$34 price target as better reflecting what they view as stronger backlog momentum and potential for improved revenue visibility.
VECO
US$30.69
Veeco Instruments
7D
-1.7%
1Y
25.9%

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.
DQ
US$23.74
Daqo New Energy
7D
-4.0%
1Y
9.6%

DQ: Higher Margin Outlook And Lower P/E Will Support Stronger Upside

Analysts have raised their fair value estimate for Daqo New Energy from US$37.00 to US$39.00, reflecting updated assumptions in their models for revenue growth, profit margins and a lower forward P/E multiple. Valuation Changes Fair Value Estimate increased from US$37.00 to US$39.00 per share.
MKSI
US$242.96
MKS
7D
3.2%
1Y
122.1%

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.
ATOM
US$2.57
Atomera
7D
-12.3%
1Y
-71.5%
ALMU
US$15.06
Aeluma
7D
-4.6%
1Y
123.1%