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U.S. Semiconductor Equipment Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies39
  • 7D-4.6%
  • 3M18.6%
  • 1Y188.8%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 3.6%, driven by pullbacks in Lam Research and Applied Materials of 5.4% and 5.5%, respectively. In the past year, the industry has gained 187%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026US$1.1tUS$99.9bUS$21.6b49.3x50.6x10.9x
Sat, 28 Mar 2026US$912.5bUS$97.8bUS$20.8b42x43.9x9.3x
Mon, 23 Feb 2026US$998.4bUS$97.8bUS$20.8b40.5x48.1x10.2x
Wed, 21 Jan 2026US$912.2bUS$95.9bUS$19.0b47.1x47.9x9.5x
Fri, 19 Dec 2025US$673.1bUS$95.9bUS$19.0b36x35.4x7x
Sun, 16 Nov 2025US$635.0bUS$95.8bUS$19.0b34.7x33.4x6.6x
Tue, 14 Oct 2025US$557.5bUS$89.4bUS$16.3b32.4x34.1x6.2x
Thu, 11 Sep 2025US$471.3bUS$89.4bUS$16.3b27.8x28.8x5.3x
Sat, 09 Aug 2025US$472.5bUS$89.1bUS$16.2b25.1x29.1x5.3x
Mon, 07 Jul 2025US$485.1bUS$87.0bUS$15.5b29x31.3x5.6x
Wed, 04 Jun 2025US$400.4bUS$87.0bUS$15.5b23.6x25.9x4.6x
Fri, 02 May 2025US$375.3bUS$86.4bUS$15.0b25.4x25x4.3x
Sun, 30 Mar 2025US$375.5bUS$84.8bUS$14.2b28.4x26.4x4.4x
Tue, 25 Feb 2025US$441.2bUS$84.9bUS$14.4b34.6x30.7x5.2x
Thu, 23 Jan 2025US$469.3bUS$83.2bUS$14.6b37.8x32.2x5.6x
Sat, 21 Dec 2024US$401.2bUS$83.2bUS$14.6b26.7x27.5x4.8x
Mon, 18 Nov 2024US$400.4bUS$83.2bUS$14.6b29x27.4x4.8x
Wed, 16 Oct 2024US$455.8bUS$82.5bUS$15.6b27.2x29.2x5.5x
Fri, 13 Sep 2024US$461.6bUS$82.5bUS$15.6b25.3x29.6x5.6x
Sun, 11 Aug 2024US$471.6bUS$82.6bUS$15.7b25x30.1x5.7x
Tue, 09 Jul 2024US$587.0bUS$82.8bUS$13.8b33.9x42.7x7.1x
Thu, 06 Jun 2024US$520.4bUS$82.8bUS$13.8b29.7x37.8x6.3x
Sat, 04 May 2024US$489.6bUS$83.3bUS$13.8b31.5x35.4x5.9x
Mon, 01 Apr 2024US$511.6bUS$84.5bUS$14.2b35.9x36x6.1x
Wed, 28 Feb 2024US$496.8bUS$84.9bUS$14.5b34x34.3x5.9x
Fri, 26 Jan 2024US$458.9bUS$88.5bUS$15.4b25.1x29.8x5.2x
Sun, 24 Dec 2023US$434.4bUS$90.1bUS$15.9b25.7x27.3x4.8x
Tue, 21 Nov 2023US$389.7bUS$90.0bUS$15.9b24.5x24.5x4.3x
Thu, 19 Oct 2023US$371.9bUS$93.9bUS$17.0b24.8x21.9x4x
Sat, 16 Sep 2023US$382.0bUS$93.9bUS$17.0b24.8x22.5x4.1x
Mon, 14 Aug 2023US$381.6bUS$94.0bUS$17.0b25.1x22.4x4.1x
Wed, 12 Jul 2023US$388.7bUS$96.1bUS$20.1b19x19.3x4x
Fri, 09 Jun 2023US$390.3bUS$96.1bUS$20.1b18.5x19.4x4.1x
Sun, 07 May 2023US$333.0bUS$95.5bUS$20.3b15.1x16.4x3.5x
Price to Earnings Ratio

16.4x


Total Market Cap: US$333.0bTotal Earnings: US$20.3bTotal Revenue: US$95.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 31.2x202420252026
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 51.4x which is higher than its 3-year average PE of 31.2x.
  • The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 11.0x.
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 Market-0.18%
Tech0.70%
Semiconductors2.94%
Semiconductor Equipment-4.58%
Semiconductors3.83%
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
Q Qnity ElectronicsUS$141.301.5%
+US$429.4m		n/aPE42.8x
KLAC KLAUS$1.82k0.04%
+US$102.2m		168.5%PE52.2x
ATOM AtomeraUS$7.2517.1%
+US$41.0m		62.6%PS4319.1x
TRT Trio-Tech InternationalUS$11.1434.9%
+US$25.2m		331.8%PS2x
ENTG EntegrisUS$149.370.03%
+US$6.1m		88.4%PE96.4x

Latest News

TER
US$306.33
Teradyne
7D
-20.5%
1Y
312.8%
TRT
US$11.14
Trio-Tech International
7D
34.9%
1Y
331.8%
FORM
US$135.53
FormFactor
7D
-8.7%
1Y
367.8%
LRCX
US$248.75
Lam Research
7D
-3.8%
1Y
246.8%
KLAC
US$1,816.21
KLA
7D
0.04%
1Y
168.5%

KLAC: Investor Day Goals And Capital Returns Will Support Re Rating

Analysts have raised KLA's aggregate price target by several hundred dollars per share, citing stronger long term growth assumptions, a higher proportion of revenue tied to wafer fab equipment spending, and updated company targets that support higher revenue growth and P/E assumptions even as projected profit margins moderate. Analyst Commentary Recent Street research around KLA has been heavily focused on higher price targets and updated long term frameworks, with multiple bullish analysts citing the company’s latest Investor Day as a key reference point.
MKSI
US$265.44
MKS
7D
-4.7%
1Y
278.4%

MKSI: Wafer Fab Upswing And Refinancing Tailwinds Will Eventually Limit Upside

The analyst price target for MKS has been reset lower to $212.72 from $227.99 as analysts balance stronger revenue growth and profit margin assumptions with a slightly lower future P/E multiple and an updated fair value estimate. Analyst Commentary Recent research on MKS has centered on how to balance a higher fundamental outlook with valuation discipline.
AMAT
US$382.59
Applied Materials
7D
-5.3%
1Y
156.8%

AMAT: Future Packaging Demand And WFE Cycle Strength Will Shape Returns

Applied Materials' updated analyst price target has edged higher, with fair value moving from about $398.73 to $422.97 as analysts factor in slightly stronger revenue growth, a modestly higher profit margin outlook, and a richer future P/E assumption, partly supported by a broad wave of recent price target hikes and upgrades across the Street. Analyst Commentary Recent Street research around Applied Materials has been active, with a long list of price target increases and several rating upgrades clustered around recent results and guidance.
CVV
US$6.54
CVD Equipment
7D
14.1%
1Y
120.2%
ENPH
US$31.19
Enphase Energy
7D
-13.7%
1Y
-30.0%

Enphase: Energy Independence Vs. Regulatory Headwinds

Apr 23
AXTI
US$71.07
AXT
7D
-18.3%
1Y
4,976.4%
ONTO
US$284.34
Onto Innovation
7D
-4.4%
1Y
133.1%
ATOM
US$7.25
Atomera
7D
17.1%
1Y
62.6%
ENTG
US$149.37
Entegris
7D
0.03%
1Y
88.4%
Q
US$141.30
Qnity Electronics
7D
1.5%
1Y
n/a