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

U.S. Semiconductor Equipment Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies38
  • 7D3.7%
  • 3M44.5%
  • 1Y73.6%
  • YTDn/a

In the last week, the Semiconductor Equipment industry is up 3.7%, with Lam Research up 7.4%. This means that the industry has gained 74% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025US$736.3bUS$95.9bUS$19.0b39x38.7x7.7x
Sun, 09 Nov 2025US$669.9bUS$96.0bUS$18.9b37x35.4x7x
Tue, 07 Oct 2025US$607.8bUS$89.4bUS$16.3b35.1x37.2x6.8x
Thu, 04 Sep 2025US$444.6bUS$89.4bUS$16.3b25.7x27.2x5x
Sat, 02 Aug 2025US$461.4bUS$87.6bUS$15.5b26.8x29.7x5.3x
Mon, 30 Jun 2025US$467.5bUS$87.0bUS$15.5b28.1x30.2x5.4x
Wed, 28 May 2025US$397.3bUS$87.0bUS$15.5b23.3x25.6x4.6x
Fri, 25 Apr 2025US$355.0bUS$85.9bUS$14.6b26.5x24.3x4.1x
Sun, 23 Mar 2025US$395.0bUS$84.8bUS$14.2b30.3x27.8x4.7x
Tue, 18 Feb 2025US$439.0bUS$85.1bUS$14.5b35x30.2x5.2x
Thu, 16 Jan 2025US$432.0bUS$83.2bUS$14.6b35.3x29.6x5.2x
Sat, 14 Dec 2024US$421.0bUS$83.2bUS$14.6b28x28.8x5.1x
Mon, 11 Nov 2024US$448.3bUS$82.9bUS$14.9b30x30.2x5.4x
Wed, 09 Oct 2024US$483.8bUS$82.5bUS$15.6b26.4x31x5.9x
Fri, 06 Sep 2024US$457.2bUS$82.5bUS$15.6b25.3x29.3x5.5x
Sun, 04 Aug 2024US$445.1bUS$83.3bUS$14.0b25.6x31.9x5.3x
Tue, 02 Jul 2024US$572.1bUS$82.8bUS$13.8b32.7x41.6x6.9x
Thu, 30 May 2024US$543.1bUS$82.8bUS$13.8b27.4x39.5x6.6x
Sat, 27 Apr 2024US$498.5bUS$83.9bUS$14.1b35.1x35.5x5.9x
Mon, 25 Mar 2024US$515.3bUS$84.5bUS$14.2b35.5x36.3x6.1x
Wed, 21 Feb 2024US$476.1bUS$85.5bUS$14.7b32.6x32.4x5.6x
Fri, 19 Jan 2024US$427.5bUS$90.1bUS$15.9b25.1x26.9x4.7x
Sun, 17 Dec 2023US$431.2bUS$90.1bUS$15.9b25.7x27.1x4.8x
Tue, 14 Nov 2023US$378.2bUS$90.2bUS$15.5b23.7x24.3x4.2x
Thu, 12 Oct 2023US$377.6bUS$93.9bUS$17.0b24.8x22.3x4x
Sat, 09 Sep 2023US$391.8bUS$93.9bUS$17.0b25.2x23.1x4.2x
Mon, 07 Aug 2023US$400.2bUS$94.4bUS$17.3b20.4x23.1x4.2x
Wed, 05 Jul 2023US$406.2bUS$96.1bUS$20.1b19.8x20.2x4.2x
Fri, 02 Jun 2023US$385.0bUS$96.1bUS$20.1b17.7x19.1x4x
Sun, 30 Apr 2023US$328.4bUS$95.5bUS$20.6b15x15.9x3.4x
Tue, 28 Mar 2023US$338.9bUS$96.1bUS$21.2b16.2x16x3.5x
Thu, 23 Feb 2023US$330.2bUS$95.3bUS$21.1b14.8x15.7x3.5x
Sat, 21 Jan 2023US$337.5bUS$92.3bUS$20.7b17.2x16.3x3.7x
Mon, 19 Dec 2022US$330.1bUS$92.3bUS$20.7b15.3x16x3.6x
Price to Earnings Ratio

16x


Total Market Cap: US$330.1bTotal Earnings: US$20.7bTotal Revenue: US$92.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 27.5x202320242025
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 38.7x which is higher than its 3-year average PE of 27.5x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 7.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 2.7% 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 Market0.71%
Tech1.10%
Semiconductors1.82%
Semiconductor Equipment3.73%
Semiconductors1.66%
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$168.717.4%
+US$14.6b		123.2%PE36.5x
KLAC KLAUS$1.25k3.2%
+US$5.0b		92.7%PE38.6x
ENTG EntegrisUS$95.998.9%
+US$1.2b		-10.5%PE50.4x
AMKR Amkor TechnologyUS$47.048.9%
+US$954.2m		78.3%PE37.8x
PLAB PhotronicsUS$39.6765.2%
+US$923.4m		51.0%PE17.2x

Latest News

AMAT
US$270.11
Applied Materials
7D
0.2%
1Y
59.8%
PLAB
US$39.67
Photronics
7D
65.2%
1Y
51.0%
TER
US$203.97
Teradyne
7D
2.7%
1Y
68.6%

TER: AI Test Demand And Robotics Expansion Will Drive Measured Upside Through 2027

Analysts have lifted their fair value estimate for Teradyne from $184.69 to $192.38, citing stronger multiyear AI testing demand, improving revenue growth and margins, and higher expected future earnings power reflected in a richer forward P E multiple. Analyst Commentary Recent Street research updates point to a sharp improvement in sentiment around Teradyne, with multiple firms raising price targets and, in some cases, upgrading ratings as AI driven test demand and Industrial Automation momentum become more visible through 2026 and beyond.
ENTG
US$95.99
Entegris
7D
8.9%
1Y
-10.5%

ENTG: AI Materials Demand And New U.S. Facility Will Drive Upside

Analysts have modestly trimmed their price target on Entegris by about $1 to roughly $100 per share, citing slightly lower assumed discount rates and a marginally less demanding future P E multiple, while leaving long term growth and margin expectations intact. Analyst Commentary Recent commentary on the sector highlights Entegris as one of only a few pure play electronic chemicals and materials providers, a positioning that investors increasingly view as strategically valuable as semiconductor capital spending and AI related demand scale up.
ACLS
US$89.08
Axcelis Technologies
7D
-0.02%
1Y
17.7%

Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Shareholders Might Be Looking For Exit

Dec 06
Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Shareholders Might Be Looking For Exit
LRCX
US$168.71
Lam Research
7D
7.4%
1Y
123.2%

LRCX: AI Memory And WFE Upswing Will Drive Balanced Future Returns

Analysts have nudged our Lam Research fair value estimate higher, from $158.52 to $160.30. This reflects increased confidence in the companys record profitability, sustained beat and raise cadence, and strengthening AI driven WFE demand despite some valuation pushback.
COHU
US$24.91
Cohu
7D
-0.9%
1Y
-8.6%

COHU: Future AI And HPC Demand Will Drive Strong Upside Potential

Narrative Update on Cohu Analysts have modestly raised their price target on Cohu from approximately $29.00 to about $29.50 per share, reflecting slightly lower discount rate assumptions and sustained expectations for revenue growth in the mid teens and stable profit margins. What's in the News Cohu completed its existing share repurchase program, retiring 4,022,737 shares, representing about 8.43% of shares outstanding for $117.17 million, with no additional shares repurchased in the latest tranche (Key Developments).
AMKR
US$47.04
Amkor Technology
7D
8.9%
1Y
78.3%
NVMI
US$335.82
Nova
7D
4.8%
1Y
77.2%

NVMI: Increased DRAM Fab Spending Will Strengthen Upcoming AI Market Position

Nova's analyst price target has been raised from $300 to $390. This change reflects an improved outlook and increased optimism among analysts following recent industry discussions and signs of stronger demand in the AI and DRAM sectors.
KLAC
US$1,246.18
KLA
7D
3.2%
1Y
92.7%

KLAC: AI And DRAM Investment Cycles Will Balance Market Uncertainties Ahead

Analysts have raised their price targets for KLA, citing strong quarterly results, an improved outlook for artificial intelligence demand, and the company's dominant market position. Recent targets have moved from $1,093 to as high as $1,300.
CAMT
US$118.21
Camtek
7D
-0.2%
1Y
60.2%

CAMT: Demand For Advanced Packaging Will Accelerate In Second Half Of 2026

The average analyst price target for Camtek has been revised downward to approximately $128. This reflects a modest decrease, as analysts point to near-term softness in demand for back-end inspection equipment and a recovery that is expected to be weighted toward the later part of 2026.
CVV
US$3.27
CVD Equipment
7D
-1.1%
1Y
-11.4%
INTT
US$7.99
inTEST
7D
-0.1%
1Y
3.4%