Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductor Equipment Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies39
  • 7D-2.3%
  • 3M21.2%
  • 1Y185.6%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 6.0%, driven by pullbacks in Lam Research and Applied Materials of 5.5% and 5.6%, respectively. On the other hand Enphase Energy is actually up 25%. Over the past 12 months, the industry was up 164%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026US$1.1tUS$101.7bUS$22.5b63.1x49.8x11x
Sat, 18 Apr 2026US$1.1tUS$97.8bUS$20.8b52.6x52.9x11.2x
Mon, 16 Mar 2026US$901.7bUS$97.8bUS$20.8b41.7x43.4x9.2x
Wed, 11 Feb 2026US$929.6bUS$97.6bUS$19.8b41.1x47x9.5x
Fri, 09 Jan 2026US$819.7bUS$95.9bUS$19.0b42.1x43.1x8.6x
Sun, 07 Dec 2025US$708.6bUS$95.9bUS$19.0b38.4x37.3x7.4x
Tue, 04 Nov 2025US$673.8bUS$91.2bUS$17.0b34.9x39.6x7.4x
Thu, 02 Oct 2025US$574.1bUS$89.4bUS$16.3b33.6x35.1x6.4x
Sat, 30 Aug 2025US$465.1bUS$89.4bUS$16.3b27.1x28.5x5.2x
Mon, 28 Jul 2025US$473.7bUS$87.1bUS$15.5b26.6x30.6x5.4x
Wed, 25 Jun 2025US$461.4bUS$87.0bUS$15.5b27.6x29.8x5.3x
Fri, 23 May 2025US$409.9bUS$87.0bUS$15.5b22.9x26.4x4.7x
Sun, 20 Apr 2025US$341.9bUS$84.9bUS$14.2b24.2x24.1x4x
Tue, 18 Mar 2025US$403.4bUS$84.8bUS$14.2b30.6x28.4x4.8x
Thu, 13 Feb 2025US$451.0bUS$84.5bUS$15.2b36.1x29.7x5.3x
Sat, 11 Jan 2025US$436.8bUS$83.2bUS$14.6b33.9x29.9x5.2x
Mon, 09 Dec 2024US$425.5bUS$83.2bUS$14.6b28.4x29.2x5.1x
Wed, 06 Nov 2024US$429.3bUS$83.3bUS$16.0b27.8x26.9x5.2x
Fri, 04 Oct 2024US$485.5bUS$82.5bUS$15.6b26.4x31.1x5.9x
Sun, 01 Sep 2024US$496.0bUS$82.5bUS$15.6b26.8x31.8x6x
Tue, 30 Jul 2024US$511.9bUS$82.7bUS$13.9b28.6x36.9x6.2x
Thu, 27 Jun 2024US$567.2bUS$82.8bUS$13.8b27.8x41.2x6.9x
Sat, 25 May 2024US$531.7bUS$82.8bUS$13.8b28.8x38.6x6.4x
Mon, 22 Apr 2024US$459.7bUS$84.5bUS$14.2b32.1x32.4x5.4x
Wed, 20 Mar 2024US$492.3bUS$84.5bUS$14.2b33.9x34.7x5.8x
Fri, 16 Feb 2024US$478.2bUS$85.6bUS$14.5b29.3x32.9x5.6x
Sun, 14 Jan 2024US$410.4bUS$90.1bUS$15.9b24.7x25.8x4.6x
Tue, 12 Dec 2023US$407.4bUS$90.0bUS$15.9b24.7x25.6x4.5x
Thu, 09 Nov 2023US$361.5bUS$90.2bUS$15.6b22x23.2x4x
Sat, 07 Oct 2023US$369.9bUS$93.9bUS$17.0b24.8x21.8x3.9x
Mon, 04 Sep 2023US$409.3bUS$93.9bUS$17.0b27x24.1x4.4x
Wed, 02 Aug 2023US$421.5bUS$94.3bUS$19.5b22.6x21.6x4.5x
Fri, 30 Jun 2023US$399.3bUS$96.1bUS$20.1b20.1x19.8x4.2x
Sun, 28 May 2023US$386.9bUS$96.1bUS$20.1b18x19.2x4x
Price to Earnings Ratio

19.2x


Total Market Cap: US$386.9bTotal Earnings: US$20.1bTotal Revenue: US$96.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.9x202420252026
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 50.5x which is higher than its 3-year average PE of 31.9x.
  • The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 11.2x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 3.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

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

US Market-0.32%
Tech0.52%
Semiconductors-1.11%
Semiconductor Equipment-2.26%
Semiconductors-0.99%
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
ENPH Enphase EnergyUS$53.1526.5%
+US$1.5b		12.4%PE51.9x
SEDG SolarEdge TechnologiesUS$56.2231.4%
+US$818.0m		183.4%PS2.7x
ACMR ACM ResearchUS$71.6013.3%
+US$557.0m		217.7%PE52.1x
TRT Trio-Tech InternationalUS$13.0821.8%
+US$23.4m		417.0%PE439.6x

Latest News

AMAT
US$426.85
Applied Materials
7D
-2.2%
1Y
163.1%
ACMR
US$71.60
ACM Research
7D
13.3%
1Y
217.7%
Q
US$153.04
Qnity Electronics
7D
-5.5%
1Y
n/a
Seeking Alpha • 13h

Qnity Electronics, Inc.: A Great Business That Still Needs Some Time

Summary Qnity Electronics is rated Hold due to a stretched ~$145 share price and limited public track record despite strong fundamentals. Qnity’s CMP products drive high switching costs and revenue acceleration, with FY2026 guidance of $5.225–$5.375B and Adj. EBITDA midpoint at $1.58B. Competitive moat stems from proprietary chemistries and deep client integration, but $4B in debt and rising rates present refinancing risk. I see Q as an attractive opportunity only if shares pull back to $100–$105, given current overvaluation and unproven cycle resilience. Read the full article on Seeking Alpha
TER
US$344.34
Teradyne
7D
-5.2%
1Y
336.0%
ENTG
US$127.70
Entegris
7D
-12.0%
1Y
76.3%
Seeking Alpha • 22h

Entegris: Stronger Performance Does Not Justify The Multiple

Summary Entegris, Inc. is rated Hold due to a premium valuation unsupported by its growth and margin profile. Q1 results showed revenue stabilization, margin improvement to 46.4%, and strong free cash flow with progress on deleveraging. ENTG benefits from advanced logic, DRAM, NAND scaling, and fab construction exposure, supporting a positive 2026–2027 outlook. Valuation remains stretched versus peers like AMAT and KLAC, despite weaker growth and profitability metrics. Read the full article on Seeking Alpha
ENPH
US$53.15
Enphase Energy
7D
26.5%
1Y
12.4%
KLAC
US$1,829.47
KLA
7D
-1.1%
1Y
134.9%
AXTI
US$104.61
AXT
7D
-14.2%
1Y
7,319.1%
SEDG
US$56.22
SolarEdge Technologies
7D
31.4%
1Y
183.4%
AMKR
US$68.49
Amkor Technology
7D
-8.2%
1Y
265.3%
TRT
US$13.08
Trio-Tech International
7D
21.8%
1Y
417.0%
LRCX
US$292.09
Lam Research
7D
-1.1%
1Y
252.8%