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U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies39
  • 7D-0.7%
  • 3M43.2%
  • 1Y196.0%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 4.3%, driven by gains from KLA of 4.6%. This means that the industry has gained 201% over the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$1.3tUS$101.7bUS$22.6b66.3x58.6x13x
Fri, 08 May 2026US$1.2tUS$100.4bUS$21.8b55.4x52.9x11.5x
Sun, 05 Apr 2026US$941.3bUS$97.8bUS$20.8b43.8x45.3x9.6x
Tue, 03 Mar 2026US$987.0bUS$97.9bUS$20.8b45.4x47.5x10.1x
Thu, 29 Jan 2026US$948.3bUS$95.9bUS$19.0b51.1x49.8x9.9x
Sat, 27 Dec 2025US$733.3bUS$95.9bUS$19.0b39x38.5x7.6x
Mon, 24 Nov 2025US$616.1bUS$95.9bUS$19.0b33.7x32.4x6.4x
Wed, 22 Oct 2025US$620.4bUS$89.4bUS$16.3b34.1x38x6.9x
Fri, 19 Sep 2025US$519.0bUS$89.4bUS$16.3b31.5x31.8x5.8x
Sun, 17 Aug 2025US$453.1bUS$89.6bUS$16.3b26.1x27.8x5.1x
Tue, 15 Jul 2025US$494.8bUS$87.0bUS$15.5b30.9x32x5.7x
Thu, 12 Jun 2025US$445.5bUS$87.0bUS$15.5b26x28.8x5.1x
Sat, 10 May 2025US$386.2bUS$86.5bUS$15.1b23.8x25.5x4.5x
Mon, 07 Apr 2025US$317.7bUS$84.8bUS$14.2b22.6x22.4x3.7x
Wed, 05 Mar 2025US$396.5bUS$84.8bUS$14.2b31.2x27.9x4.7x
Fri, 31 Jan 2025US$430.1bUS$83.9bUS$14.9b34x29x5.1x
Sun, 29 Dec 2024US$415.0bUS$83.2bUS$14.6b27.6x28.4x5x
Tue, 26 Nov 2024US$418.6bUS$83.2bUS$14.6b28.4x28.7x5x
Thu, 24 Oct 2024US$436.2bUS$82.4bUS$15.5b25.7x28.1x5.3x
Sat, 21 Sep 2024US$480.3bUS$82.5bUS$15.6b24.9x30.8x5.8x
Mon, 19 Aug 2024US$511.8bUS$83.0bUS$15.8b26.2x32.4x6.2x
Wed, 17 Jul 2024US$594.2bUS$82.8bUS$13.8b35.3x43.2x7.2x
Fri, 14 Jun 2024US$575.1bUS$82.8bUS$13.8b27.5x41.8x6.9x
Sun, 12 May 2024US$509.0bUS$82.8bUS$13.6b32.2x37.4x6.2x
Tue, 09 Apr 2024US$507.0bUS$84.5bUS$14.2b35.1x35.7x6x
Thu, 07 Mar 2024US$509.8bUS$84.5bUS$14.2b36.1x35.9x6x
Sat, 03 Feb 2024US$441.1bUS$88.0bUS$14.9b24.5x29.5x5x
Mon, 01 Jan 2024US$434.4bUS$90.1bUS$15.9b25.8x27.3x4.8x
Wed, 29 Nov 2023US$397.7bUS$90.0bUS$15.9b24x25x4.4x
Fri, 27 Oct 2023US$338.7bUS$91.7bUS$16.0b22x21.1x3.7x
Sun, 24 Sep 2023US$361.5bUS$93.9bUS$17.0b24.8x21.3x3.8x
Tue, 22 Aug 2023US$381.3bUS$93.9bUS$17.0b25.6x22.5x4.1x
Thu, 20 Jul 2023US$402.7bUS$96.1bUS$20.1b21.3x20x4.2x
Sat, 17 Jun 2023US$391.4bUS$96.1bUS$20.1b18.5x19.5x4.1x
Price to Earnings Ratio

19.5x


Total Market Cap: US$391.4bTotal 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 32.6x202420252026
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 54.5x which is higher than its 3-year average PE of 32.6x.
  • The 3-year average PS ratio of 6.0x 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 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-3.33%
Tech-9.37%
Semiconductors-9.24%
Semiconductor Equipment-0.66%
Semiconductors-10.14%
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
KLAC KLAUS$2.14k4.6%
+US$12.3b		149.8%PE59.8x
AMAT Applied MaterialsUS$499.211.9%
+US$7.3b		187.3%PE46.6x
VECO Veeco InstrumentsUS$67.1910.1%
+US$377.2m		208.1%PE177.4x
ACLS Axcelis TechnologiesUS$164.573.6%
+US$177.9m		132.6%PE50.1x
PDFS PDF SolutionsUS$58.745.9%
+US$136.5m		190.8%PE342.4x

Latest News

ENPH
US$53.51
Enphase Energy
7D
-26.0%
1Y
18.7%
LRCX
US$327.16
Lam Research
7D
-2.2%
1Y
259.5%
VECO
US$67.19
Veeco Instruments
7D
10.1%
1Y
208.1%
Q
US$144.70
Qnity Electronics
7D
-7.1%
1Y
n/a
UCTT
US$91.88
Ultra Clean Holdings
7D
1.9%
1Y
324.4%
Seeking Alpha • 15h

Ultra Clean: H2 2026 Production Ramp Accelerates The Roadmap To $4B In Revenue

Summary Ultra Clean Holdings is initiated with a Buy rating, capitalizing on secular WFE expansion and discounted valuation versus peers. UCTT is a direct beneficiary of AMAT and LRCX growth, with 59% of FY2025 revenue derived from these customers, positioning it for outsized gains. The company is set to leverage underutilized capacity, targeting $4B in annual revenue and >20% margins by 2030 as WFE spending accelerates. Forward P/E compresses from 38.2x (FY26) to 23.1x (FY27) on consensus EPS growth, making UCTT attractively valued relative to subsystem and OEM peers. Read the full article on Seeking Alpha
AMAT
US$499.21
Applied Materials
7D
1.9%
1Y
187.3%
SEDG
US$57.80
SolarEdge Technologies
7D
-26.4%
1Y
176.2%
Narrative Update • Jun 08

SEDG: Stretched Rally Will Face Future Pressure From Crowded Transformer Competition

Analysts have lifted the SolarEdge Technologies fair value estimate from $39.71 to $43.38 after a series of price target increases, citing progress on solid state transformer projects and the Nexis launch, even as some research houses caution that recent share gains and valuations look stretched. Analyst Commentary Recent Street research on SolarEdge captures a wide spread of opinion, with some bullish analysts focusing on product progress and market share, while more cautious voices point to valuation risk and question how much of the good news is already reflected in the stock.
MKSI
US$320.96
MKS
7D
-4.2%
1Y
242.6%
ACLS
US$164.57
Axcelis Technologies
7D
3.6%
1Y
132.6%
TER
US$369.21
Teradyne
7D
-6.0%
1Y
316.2%
ENTG
US$134.35
Entegris
7D
-6.0%
1Y
68.7%
AXTI
US$78.36
AXT
7D
-29.3%
1Y
3,939.2%
PDFS
US$58.74
PDF Solutions
7D
5.9%
1Y
190.8%
Narrative Update • Jun 04

PDFS: Forward Margin Gains And Lock Up Constraints Will Shape Fairly Valued Outlook

Analysts nudged their price target for PDF Solutions slightly higher to $54.88 from $54.50, citing updated assumptions around revenue growth, margins and a modestly lower future P/E multiple in recent research updates from several firms. Analyst Commentary Recent research updates have centered on refreshed models for revenue growth, margins and the future P/E multiple, which together feed into higher price targets across several firms.
KLAC
US$2,139.37
KLA
7D
4.6%
1Y
149.8%
Narrative Update • Jun 04

KLAC: AI-Driven Demand Will Eventually Test High Expectations For 2030 Targets

The analyst price target for KLA has increased to $1,855 from $1,676, with analysts citing updated assumptions for revenue growth, profit margins, and long-term forecasts from recent research coverage. Analyst Commentary Recent research coverage on KLA has been active, with multiple firms adjusting price targets and updating their views following the company's Investor Day and revised long-term targets.