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U.S. Semiconductor Equipment Industry Analysis

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies39
  • 7D6.3%
  • 3M66.9%
  • 1Y266.0%
  • YTDn/a

The Semiconductor Equipment industry is up 6.3% in the last week, with Applied Materials up 8.8%. Meanwhile, AXT actually underperformed within the industry, shrinking 13% in the last week. This means that the industry has gained 266% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jun 2026US$1.6tUS$101.7bUS$22.6b83.4x71.6x15.9x
Tue, 19 May 2026US$1.2tUS$101.7bUS$22.5b58.8x52.5x11.6x
Thu, 16 Apr 2026US$1.1tUS$97.8bUS$20.8b51.8x53.8x11.4x
Sat, 14 Mar 2026US$892.1bUS$97.8bUS$20.8b41.7x42.9x9.1x
Mon, 09 Feb 2026US$919.6bUS$97.4bUS$19.8b41.5x46.5x9.4x
Wed, 07 Jan 2026US$796.1bUS$95.9bUS$19.0b43.7x41.8x8.3x
Fri, 05 Dec 2025US$708.1bUS$95.9bUS$19.0b38x37.3x7.4x
Sun, 02 Nov 2025US$674.2bUS$91.2bUS$17.0b34x39.7x7.4x
Tue, 30 Sep 2025US$564.0bUS$89.4bUS$16.3b30.9x34.5x6.3x
Thu, 28 Aug 2025US$466.5bUS$89.4bUS$16.3b27.3x28.6x5.2x
Sat, 26 Jul 2025US$477.1bUS$87.1bUS$15.5b26.6x30.8x5.5x
Mon, 23 Jun 2025US$436.4bUS$87.0bUS$15.5b25.6x28.2x5x
Wed, 21 May 2025US$417.8bUS$87.0bUS$15.5b23.3x26.9x4.8x
Fri, 18 Apr 2025US$345.0bUS$84.9bUS$14.2b24.2x24.3x4.1x
Sun, 16 Mar 2025US$403.3bUS$84.8bUS$14.2b30.1x28.4x4.8x
Tue, 11 Feb 2025US$447.8bUS$84.7bUS$15.2b36.4x29.4x5.3x
Thu, 09 Jan 2025US$440.6bUS$83.2bUS$14.6b34.1x30.2x5.3x
Sat, 07 Dec 2024US$420.0bUS$83.2bUS$14.6b28.4x28.8x5x
Mon, 04 Nov 2024US$433.3bUS$83.4bUS$15.9b24.1x27.2x5.2x
Wed, 02 Oct 2024US$488.1bUS$82.5bUS$15.6b25x31.3x5.9x
Fri, 30 Aug 2024US$486.9bUS$82.5bUS$15.6b26.2x31.3x5.9x
Sun, 28 Jul 2024US$511.9bUS$82.7bUS$13.9b28.9x36.9x6.2x
Tue, 25 Jun 2024US$568.2bUS$82.8bUS$13.8b26.7x41.3x6.9x
Thu, 23 May 2024US$534.7bUS$82.8bUS$13.8b29.2x38.9x6.5x
Sat, 20 Apr 2024US$472.0bUS$84.5bUS$14.2b32.9x33.3x5.6x
Mon, 18 Mar 2024US$487.6bUS$84.5bUS$14.2b33.7x34.3x5.8x
Wed, 14 Feb 2024US$462.9bUS$85.8bUS$14.5b30x31.8x5.4x
Fri, 12 Jan 2024US$408.6bUS$90.1bUS$15.9b24.9x25.7x4.5x
Sun, 10 Dec 2023US$390.9bUS$90.0bUS$15.9b24.5x24.6x4.3x
Tue, 07 Nov 2023US$359.1bUS$90.3bUS$15.6b21.9x23x4x
Thu, 05 Oct 2023US$368.2bUS$93.9bUS$16.9b24.8x21.7x3.9x
Sat, 02 Sep 2023US$409.3bUS$93.9bUS$17.0b27x24.1x4.4x
Mon, 31 Jul 2023US$421.4bUS$94.4bUS$19.6b22.2x21.5x4.5x
Wed, 28 Jun 2023US$402.1bUS$96.1bUS$20.1b19x20x4.2x
Price to Earnings Ratio

20x


Total Market Cap: US$402.1bTotal 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 33.1x202420252026
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 71.6x which is higher than its 3-year average PE of 33.1x.
  • The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 15.9x.
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 Market1.39%
Tech3.28%
Semiconductors6.14%
Semiconductor Equipment6.34%
Semiconductors6.12%
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
AMAT Applied MaterialsUS$617.118.8%
+US$39.6b		264.2%PE57.6x
LRCX Lam ResearchUS$389.046.1%
+US$27.8b		329.9%PE72.5x
KLAC KLAUS$259.562.0%
+US$6.6b		205.4%PE72.6x
TER TeradyneUS$437.928.6%
+US$5.4b		407.5%PE80.3x
ENTG EntegrisUS$178.7718.8%
+US$4.3b		137.0%PE103x

Latest News

AMKR
US$90.46
Amkor Technology
7D
9.3%
1Y
348.7%
AMAT
US$617.11
Applied Materials
7D
8.8%
1Y
264.2%
SEDG
US$58.05
SolarEdge Technologies
7D
-4.5%
1Y
251.4%
Analysis Article • 16h

SolarEdge Technologies (SEDG) Stock Could Be 34% Overvalued As Insider Selling Raises Questions

SolarEdge Technologies (SEDG) is back in focus after concerns about a high market valuation relative to estimated intrinsic value, alongside insider selling and no recent insider purchases, pushed investors to reassess the stock. See our latest analysis for SolarEdge Technologies. Over the past year, SolarEdge Technologies has shown very strong 1 year total shareholder return of 251.39%, yet its 3 year and 5 year total shareholder returns have fallen 76.17% and 78.32%. This suggests recent...
KLAC
US$259.56
KLA
7D
2.0%
1Y
205.4%
Narrative Update • Jun 18

KLAC: AI Spending And 2028 WFE Hopes Will Challenge Stock Price

Analysts have lifted their price expectations for KLA stock, with the latest price targets moving from around $1,700 to a range that now stretches as high as $2,500. The revisions reflect updated wafer fab equipment assumptions and extended visibility into demand through 2028.
NVMI
US$575.31
Nova
7D
-1.3%
1Y
148.9%
AXTI
US$84.57
AXT
7D
-13.0%
1Y
4,496.2%
Analysis Article • Jun 18

AXT (AXTI) Stock Could Be 4.5% Undervalued As AI Optics Demand Lifts Interest

AXT (AXTI) is drawing fresh attention after stockholders reviewed a proposal to lift authorized common shares from 70,000,000 to 120,000,000, coinciding with rising interest in its role in AI infrastructure and optical networking. See our latest analysis for AXT. For context, AXT’s share price has pulled back about 13% over the past month after a sharp run, but the 90 day share price return of about 59% and a very large 1 year total shareholder return suggest momentum has been strong, helped...
LRCX
US$389.04
Lam Research
7D
6.1%
1Y
329.9%
Analysis Article • Jun 18

Lam Research (LRCX) Stock Could Be 16% Overvalued After Its Recent Rally

Lam Research (LRCX) has drawn fresh attention after its stock closed at $374.18, with recent returns over the past month and past 3 months prompting investors to reassess the company’s semiconductor equipment profile. See our latest analysis for Lam Research. The recent share price rally at Lam Research, with a 7 day share price return of 16.3% and a year to date share price return of 102.2%, sits alongside a very large 1 year total shareholder return of about 3x and strong multi year total...
TER
US$437.92
Teradyne
7D
8.6%
1Y
407.5%
Narrative Update • Jun 18

TER: AI Data Center Test Cycle Will Drive Next Repricing Wave

Teradyne's analyst fair value estimate has shifted from $415 to $470 as analysts factor in recent price target increases and updated expectations around revenue growth, profitability and valuation multiples following a series of upward revisions across major research firms. Analyst Commentary Recent Street research around Teradyne highlights a clear shift in tone, with multiple bullish analysts raising price targets and, in some cases, upgrading the stock following their latest reviews.
ENPH
US$52.28
Enphase Energy
7D
-4.2%
1Y
45.8%
Narrative Update • Jun 18

ENPH: AI Data Center Transformers Will Drive Bullish Stock Repricing

The analyst price target for Enphase Energy is updated to $76.31 from $72.31. Analysts point to slightly higher projected revenue growth, profit margins, and future P/E expectations, even as they flag mixed sentiment around valuation, policy-driven solar demand softness, and solid-state transformer competition.
MKSI
US$406.37
MKS
7D
14.2%
1Y
348.0%
ENTG
US$178.77
Entegris
7D
18.8%
1Y
137.0%
Narrative Update • Jun 17

ENTG: AI Materials Will Balance WFE Upcycle Promise With Cycle Sensitivity Risks

Analysts have lifted their Entegris price targets by up to $20, with recent updates pointing to higher wafer fab equipment expectations and viewing the company as well positioned for a longer WFE upcycle. Analyst Commentary Recent Street research on Entegris centers on higher price targets tied to wafer fab equipment expectations and how the company might perform if the WFE cycle extends.
Q
US$168.98
Qnity Electronics
7D
12.2%
1Y
n/a
ASYS
US$22.04
Amtech Systems
7D
-8.1%
1Y
440.2%
Narrative Update • Jun 10

ASYS: Equity Raise And New CFO Will Drive Future Upside Potential

Analysts have kept their price target for Amtech Systems steady at $22. This reflects updated assumptions around discount rates, revenue growth, profit margins, and future P/E, while reaching a similar overall valuation outcome.
DQ
US$14.18
Daqo New Energy
7D
-9.7%
1Y
2.1%
ALMU
US$24.19
Aeluma
7D
-4.0%
1Y
81.5%