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U.S. Semiconductor Equipment Industry Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies38
  • 7D5.3%
  • 3M11.2%
  • 1Y169.6%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 1.8%, driven by MKS declining 2.0%. In contrast, Lam Research has gained 6.1%. In the past year, the industry has gained 162%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026US$1.3tUS$106.2bUS$24.3b55.5x53.8x12.3x
Sat, 11 Jul 2026US$1.5tUS$101.7bUS$22.6b76.1x64.7x14.4x
Mon, 08 Jun 2026US$1.2tUS$101.7bUS$22.6b62.3x54.5x12.1x
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
Price to Earnings Ratio

22.5x


Total Market Cap: US$381.3bTotal 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 35.1x202420252026
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 52.7x which is higher than its 3-year average PE of 35.0x.
  • The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 12.1x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 Market1.02%
Tech1.45%
Semiconductors2.02%
Semiconductor Equipment5.32%
Semiconductors1.65%
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$326.116.1%
+US$23.4b		205.5%PE56.2x
KLAC KLAUS$208.258.0%
+US$20.2b		119.3%PE56.3x
AMAT Applied MaterialsUS$548.152.6%
+US$11.0b		188.5%PE51.2x
ONTO Onto InnovationUS$337.3522.2%
+US$2.8b		202.7%PE124.8x
ENTG EntegrisUS$161.0810.7%
+US$2.4b		101.7%PE80.6x

Latest News

ONTO
US$337.35
Onto Innovation
7D
22.2%
1Y
202.7%
AMAT
US$548.15
Applied Materials
7D
2.6%
1Y
188.5%
LRCX
US$326.11
Lam Research
7D
6.1%
1Y
205.5%
CAMT
US$174.20
Camtek
7D
18.0%
1Y
97.7%
Narrative Update • Aug 12

CAMT: AI Packaging Orders And Capacity Flexibility Will Support Multi Year Cash Flow

Analysts have trimmed their fair value estimate for Camtek from $220.00 to $200.00, reflecting recent reductions in Street price targets. These changes point to a richer discount rate, slightly softer forward P/E assumptions and a reset of sector multiples, despite ongoing optimism about the company’s longer term revenue funnel.
SEDG
US$32.02
SolarEdge Technologies
7D
-5.5%
1Y
21.0%
Seeking Alpha • Aug 11

SolarEdge Moves To Hold As Execution Risks Rise (Rating Downgrade)

Summary SolarEdge is downgraded to Hold after Q2 2026, as margin recovery and positive cash flow appear partly temporary. SEDG’s gross profit remains highly dependent on U.S. policy incentives, with liquidity exposed to the timing of AMPTC monetization. Europe drove revenue growth, especially with Nexis, but U.S. residential demand remains weak and no near-term rebound is expected. Valuation is not compelling given policy risk, margin uncertainty, and the need for several quarters of sustained improvement. Read the full article on Seeking Alpha
TER
US$402.74
Teradyne
7D
3.4%
1Y
253.2%
KLAC
US$208.25
KLA
7D
8.0%
1Y
119.3%
MKSI
US$306.83
MKS
7D
-2.0%
1Y
194.0%
Analysis Article • Aug 09

Results: MKS Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

MKS Inc. ( NASDAQ:MKSI ) investors will be delighted, with the company turning in some strong numbers with its latest...
ENTG
US$161.08
Entegris
7D
10.7%
1Y
101.7%
Analysis Article • Aug 08

Entegris, Inc. Just Beat Revenue Estimates By 5.8%

Entegris, Inc. ( NASDAQ:ENTG ) investors will be delighted, with the company turning in some strong numbers with its...
Q
US$142.08
Qnity Electronics
7D
4.7%
1Y
n/a
Analysis Article • Aug 07

Analysts Have Made A Financial Statement On Qnity Electronics, Inc.'s (NYSE:Q) Second-Quarter Report

Investors in Qnity Electronics, Inc. ( NYSE:Q ) had a good week, as its shares rose 2.2% to close at US$133 following...
ASYS
US$15.94
Amtech Systems
7D
-0.4%
1Y
222.7%
Seeking Alpha • Aug 07

Amtech Systems: AI Demand Is Proven, But Now The Cash Justifies Itself

Summary Amtech Systems delivered a strong Q3, with revenue and gross margin reaching the upper end of guidance and orders accelerating. ASYS’s shift toward advanced semiconductor packaging and AI-related business is driving higher margins and improved profitability, while weaker SiC segments are shrinking. A recent $60 million equity raise and CEO transition signal a new phase, but the deployment of excess cash remains uncertain. I rate ASYS a Hold, as valuation is not compelling until management demonstrates a clear, value-accretive capital allocation strategy. Read the full article on Seeking Alpha
CVV
US$7.14
CVD Equipment
7D
-12.8%
1Y
143.7%