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U.S. Semiconductor Equipment Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies39
  • 7D-3.0%
  • 3M29.2%
  • 1Y45.8%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 3.0%, driven by Lam Research declining 3.8%. Meanwhile, Kulicke and Soffa Industries actually outperformed within the industry, gaining 10% in the last week. This takes the industry's 12 month performance to a gain of 47%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 15 May 2023US$335.3bUS$95.7bUS$20.1b15.2x16.7x3.5x
Wed, 12 Apr 2023US$337.6bUS$96.1bUS$21.2b15.8x15.9x3.5x
Fri, 10 Mar 2023US$341.9bUS$96.1bUS$21.2b16.6x16.1x3.6x
Sun, 05 Feb 2023US$358.2bUS$93.6bUS$21.1b17.2x17x3.8x
Tue, 03 Jan 2023US$310.1bUS$92.3bUS$20.7b14.8x15x3.4x
Thu, 01 Dec 2022US$347.2bUS$92.3bUS$20.7b15.7x16.8x3.8x
Price to Earnings Ratio

16.8x


Total Market Cap: US$347.2bTotal 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 27.2x202320242025
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 32.4x which is higher than its 3-year average PE of 27.2x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have declined 2.8% 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 Market-1.31%
Tech-3.98%
Semiconductors-4.88%
Semiconductor Equipment-2.97%
Semiconductors-5.03%
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
AMKR Amkor TechnologyUS$32.053.8%
+US$286.7m		19.2%PE25.7x
KLIC Kulicke and Soffa IndustriesUS$40.8814.7%
+US$282.1m		-18.2%PE10049.8x
MKSI MKSUS$144.001.6%
+US$153.8m		23.6%PE34.7x
COHU CohuUS$22.133.5%
+US$35.0m		-18.2%PS2.4x
FORM FormFactorUS$49.420.8%
+US$28.7m		19.8%PE93.8x

Latest News

ENTG
US$73.66
Entegris
7D
-1.5%
1Y
-31.8%
FORM
US$49.42
FormFactor
7D
0.8%
1Y
19.8%

FORM: Future Returns Will Depend On Sustained Margin Expansion Momentum

FormFactor’s analyst price target has been raised from $54.29 to $56.88. Analysts cite stronger margin improvements and optimism in high bandwidth memory and graphics processing units as key factors behind the upgrade.
KLIC
US$40.88
Kulicke and Soffa Industries
7D
14.7%
1Y
-18.2%
LRCX
US$142.65
Lam Research
7D
-3.3%
1Y
93.5%

LRCX: AI Data Center Expansion Will Drive Memory Equipment Demand

Lam Research's analyst price target increased modestly by $0.50, as analysts point to sustained strength in advanced memory and 3D stacking technologies. Continued earnings beats and optimism around the company's positioning in the AI-driven upcycle are also noted.
MKSI
US$144.00
MKS
7D
1.6%
1Y
23.6%
PLAB
US$21.06
Photronics
7D
1.5%
1Y
-17.2%
ICHR
US$14.84
Ichor Holdings
7D
3.8%
1Y
-56.8%
DQ
US$28.22
Daqo New Energy
7D
-18.2%
1Y
45.4%
COHU
US$22.13
Cohu
7D
3.5%
1Y
-18.2%

COHU: Improved Profit Margins And Share Buybacks Will Drive Future Upside

Analysts have raised their price target for Cohu from $28.50 to $29.00. They cite a notable improvement in expected profit margin and a lower future price-earnings ratio as key factors supporting the updated valuation.
AMKR
US$32.05
Amkor Technology
7D
3.8%
1Y
19.2%
NVMI
US$280.42
Nova
7D
-2.2%
1Y
59.2%

NVMI: DRAM Investment Momentum Will Drive AI Market Leadership Ahead

Analysts have raised Nova's fair value estimate from $321.67 to $365.83, citing improved outlooks for DRAM investment as well as stronger positioning in AI computing technologies. Analyst Commentary Recent street research highlights notable shifts in sentiment toward Nova, with optimism focused on its enhanced position in the AI computing market and a more promising environment for DRAM investment.
KLAC
US$1,097.12
KLA
7D
-3.2%
1Y
70.2%

KLAC: Rising AI And DRAM Momentum Will Drive Stronger Performance Ahead

KLA's analyst price target has been revised upward, increasing by $15 to $1,287. Analysts cite robust quarterly results, enhanced positioning in AI and DRAM markets, and improving profit margins as key factors supporting a positive outlook.
AMAT
US$224.01
Applied Materials
7D
-2.1%
1Y
28.3%

US$238 - That's What Analysts Think Applied Materials, Inc. (NASDAQ:AMAT) Is Worth After These Results

Nov 16
US$238 - That's What Analysts Think Applied Materials, Inc. (NASDAQ:AMAT) Is Worth After These Results
Q
US$75.80
Qnity Electronics
7D
-6.9%
1Y
n/a
TER
US$158.91
Teradyne
7D
-5.1%
1Y
43.6%
SEDG
US$34.45
SolarEdge Technologies
7D
0.5%
1Y
150.2%

SEDG: U.S. Residential Weakness Will Limit Upside Amid Changing Policy

The analyst price target for SolarEdge Technologies has increased from $27.27 to $30.23. Analysts cite stronger profit margins and improving outlooks, despite tempered revenue growth projections.