U.S. Semiconductor Equipment Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 15 May 2026	US$1.2t	US$100.9b	US$21.9b	65.1x	55.4x	12x
Sun, 12 Apr 2026	US$1.1t	US$97.8b	US$20.8b	51.5x	52.8x	11.2x
Tue, 10 Mar 2026	US$871.7b	US$97.8b	US$20.8b	41.8x	41.9x	8.9x
Thu, 05 Feb 2026	US$891.4b	US$97.3b	US$19.8b	40.7x	44.9x	9.2x
Sat, 03 Jan 2026	US$711.8b	US$95.9b	US$19.0b	39.8x	37.4x	7.4x
Mon, 01 Dec 2025	US$677.6b	US$95.9b	US$19.0b	36.1x	35.6x	7.1x
Wed, 29 Oct 2025	US$669.0b	US$90.8b	US$16.8b	33.6x	39.7x	7.4x
Fri, 26 Sep 2025	US$562.9b	US$89.4b	US$16.3b	30.7x	34.5x	6.3x
Sun, 24 Aug 2025	US$457.3b	US$89.6b	US$16.3b	27.4x	28x	5.1x
Tue, 22 Jul 2025	US$487.6b	US$87.0b	US$15.5b	30.5x	31.5x	5.6x
Thu, 19 Jun 2025	US$449.1b	US$87.0b	US$15.5b	26x	29x	5.2x
Sat, 17 May 2025	US$428.4b	US$87.0b	US$15.5b	23.3x	27.6x	4.9x
Mon, 14 Apr 2025	US$359.1b	US$84.9b	US$14.2b	24.3x	25.3x	4.2x
Wed, 12 Mar 2025	US$389.3b	US$84.8b	US$14.2b	27.7x	27.4x	4.6x
Fri, 07 Feb 2025	US$451.3b	US$84.7b	US$15.2b	38.8x	29.6x	5.3x
Sun, 05 Jan 2025	US$422.8b	US$83.2b	US$14.6b	32.2x	29x	5.1x
Tue, 03 Dec 2024	US$421.0b	US$83.2b	US$14.6b	29x	28.9x	5.1x
Thu, 31 Oct 2024	US$453.1b	US$83.2b	US$15.8b	24.3x	28.7x	5.4x
Sat, 28 Sep 2024	US$505.2b	US$82.5b	US$15.6b	25.5x	32.4x	6.1x
Mon, 26 Aug 2024	US$505.7b	US$83.0b	US$15.8b	26x	32x	6.1x
Wed, 24 Jul 2024	US$548.4b	US$82.8b	US$13.8b	30.9x	39.8x	6.6x
Fri, 21 Jun 2024	US$595.6b	US$82.8b	US$13.8b	27.2x	43.3x	7.2x
Sun, 19 May 2024	US$516.7b	US$82.8b	US$13.8b	28.3x	37.5x	6.2x
Tue, 16 Apr 2024	US$503.5b	US$84.5b	US$14.2b	34.4x	35.5x	6x
Thu, 14 Mar 2024	US$507.0b	US$84.5b	US$14.2b	34.8x	35.7x	6x
Sat, 10 Feb 2024	US$474.5b	US$85.8b	US$14.6b	31.5x	32.5x	5.5x
Mon, 08 Jan 2024	US$402.1b	US$90.1b	US$15.9b	24.5x	25.3x	4.5x
Wed, 06 Dec 2023	US$394.4b	US$90.0b	US$15.9b	24.8x	24.8x	4.4x
Fri, 03 Nov 2023	US$344.7b	US$90.4b	US$15.6b	20.9x	22.1x	3.8x
Sun, 01 Oct 2023	US$367.7b	US$93.9b	US$16.9b	24.8x	21.7x	3.9x
Tue, 29 Aug 2023	US$385.1b	US$93.9b	US$17.0b	25.6x	22.7x	4.1x
Thu, 27 Jul 2023	US$398.8b	US$96.1b	US$20.1b	20.8x	19.8x	4.2x
Sat, 24 Jun 2023	US$379.8b	US$96.1b	US$20.1b	18x	18.9x	4x
Mon, 22 May 2023	US$361.8b	US$96.1b	US$20.1b	16.6x	18x	3.8x

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 55.4x which is higher than its 3-year average PE of 31.7x.

The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 12.0x.

Past Earnings Growth

The earnings for companies in the Semiconductor Equipment industry have grown 2.9% 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	1.15%
Tech	4.83%
Semiconductors	8.72%
Semiconductor Equipment	5.54%
Semiconductors	9.06%

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?

Company	Last Price	7D	1Y	Valuation
AMAT Applied Materials	US$440.56	7.3% +US$23.7b	152.1%	PE44.6x
KLAC KLA	US$1.89k	7.4% +US$16.9b	134.9%	PE52.9x
LRCX Lam Research	US$299.15	4.4% +US$15.8b	252.8%	PE55.8x
Q Qnity Electronics	US$164.12	14.3% +US$4.3b	n/a	PE52.9x
ENPH Enphase Energy	US$48.01	35.4% +US$1.7b	-3.4%	PE46.9x

Enphase Energy, Inc. Opens U.S. Pre-Orders for GaN-Based 548 VA IQ9S Commercial Microinverters

Enphase Energy, Inc. opened U.S. pre-orders for the new IQ9S-3P Commercial Microinverter, its most powerful microinverter to date. Built with advanced gallium nitride (GaN) technology, the IQ9S-3P Commercial Microinverter supports high-wattage solar panels up to 770 W and connects directly to three-phase 480Y/277 V (wye) grid configurations without requiring external transformers. Together with the recently launched IQ9N-3P Commercial Microinverter, IQ9S-3P Commercial Microinverters give Enphase a broader commercial portfolio for the U.S. 480 V three-phase market. Pre-orders also allow customers to safe harbor equipment ahead of upcoming federal tax credit deadlines while finalizing project designs. IQ9S-3P Commercial Microinverters support 18 A of continuous DC current, deliver up to 548 VA of continuous output power, and are designed for high-wattage solar panels up to 770 W. This helps optimize the DC/AC ratio and increase energy production from each module, making IQ9S-3P Commercial Microinverters ideal for commercial projects using 600 W to 770 W panels. Advanced GaN technology enables high performance, cooler operation, and an industry-leading CEC weighted efficiency of 97.5%. IQ9S-3P Commercial Microinverters meet rigorous grid compliance standards, including UL 1741-SB and IEEE 1547-2018. They include rapid shutdown, phase balancing, voltage and frequency ride-through, and loss-of-phase detection to support grid safety and system reliability. Enphase microinverter systems convert DC to AC at each panel, eliminating long high-voltage DC runs used in traditional string inverter designs and delivering a safer, all-AC architecture on the roof. Enphase microinverters help increase energy production in shaded or uneven roof conditions and provide per-panel monitoring through the Enphase App. IQ9S-3P Commercial Microinverters that are manufactured in U.S. facilities with domestic content are designed to be “FEOC compliant” and may help eligible projects qualify for domestic content bonus tax credits. The products also comply with Buy America Act standards for federal direct procurement contracts. Enphase IQ9 Commercial Microinverters connect to the IQ Gateway Commercial Pro, the communication and control hub for Enphase commercial systems. The gateway provides real-time monitoring, energy management, remote firmware updates, export limiting, and other advanced grid features. It also offers flexible connectivity and easy setup through the Enphase Installer App. IQ9S-3P Commercial Microinverters are backed by a 25-year limited warranty, while the IQ Gateway Commercial Pro comes with a 15-year limited warranty. The product is available for pre-order now in the United States through Enphase distribution partners, with production shipments expected to begin in June 2026. Certain Enphase products may qualify as FEOC-compliant under IRS Notice 2025-08. Customers should consult their legal and tax advisors to confirm eligibility.

U.S. Semiconductor Equipment Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

PDF Solutions, Inc. has completed a Follow-on Equity Offering in the amount of $201.005552 million.

Nova Sets Record Q1 2026 Revenue and Lifts 2026 Outlook on Strong Semiconductor Demand

Lam Research Sets New Revenue Record With AI Chip Demand and Eyes US$140b Market in 2026

Enphase Energy, Inc. Opens U.S. Pre-Orders for GaN-Based 548 VA IQ9S Commercial Microinverters

President recently sold US$8.1m worth of stock

Consensus EPS estimates increase by 26%

Amkor Technology, Inc. Declares Quarterly Dividend, Payable on June 23, 2026

Consensus EPS estimates fall by 17%

Upcoming dividend of US$0.53 per share

First quarter 2026 earnings released

FormFactor's (NASDAQ:FORM) Performance Is Even Better Than Its Earnings Suggest

Camtek Stock Drops 17% Despite AI Order Momentum and Higher Revenue Guidance for 2026

Entegris Tops Q1 Expectations With US$812 Million Revenue and AI Driven Growth Outlook

CVD Equipment Corporation to Report Q1, 2026 Results on May 14, 2026