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U.S. Semiconductor Equipment Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies39
  • 7D-6.3%
  • 3M56.8%
  • 1Y201.5%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has dropped 7.4%, driven by Lam Research declining 7.3%. Over the past 12 months, the industry was up 201%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026US$1.5tUS$101.7bUS$22.6b74.2x65.5x14.5x
Mon, 01 Jun 2026US$1.3tUS$101.7bUS$22.6b67x55.9x12.4x
Wed, 29 Apr 2026US$1.1tUS$99.3bUS$21.3b49.4x51.4x11x
Fri, 27 Mar 2026US$987.6bUS$97.8bUS$20.8b42.1x47.5x10.1x
Sun, 22 Feb 2026US$998.4bUS$97.8bUS$20.8b40.5x48.1x10.2x
Tue, 20 Jan 2026US$912.2bUS$95.9bUS$19.0b48.4x47.9x9.5x
Thu, 18 Dec 2025US$701.2bUS$95.9bUS$19.0b35.8x36.8x7.3x
Sat, 15 Nov 2025US$644.4bUS$95.7bUS$19.0b34.4x33.9x6.7x
Mon, 13 Oct 2025US$557.5bUS$89.4bUS$16.3b30.5x34.1x6.2x
Wed, 10 Sep 2025US$471.3bUS$89.4bUS$16.3b27.8x28.9x5.3x
Fri, 08 Aug 2025US$458.8bUS$89.0bUS$16.2b24.3x28.3x5.2x
Sun, 06 Jul 2025US$485.1bUS$87.0bUS$15.5b29x31.3x5.6x
Tue, 03 Jun 2025US$396.9bUS$87.0bUS$15.5b23.2x25.6x4.6x
Thu, 01 May 2025US$375.2bUS$85.7bUS$14.5b25.6x25.8x4.4x
Sat, 29 Mar 2025US$383.1bUS$84.8bUS$14.2b28.4x27x4.5x
Mon, 24 Feb 2025US$444.8bUS$84.9bUS$14.4b35.7x30.9x5.2x
Wed, 22 Jan 2025US$465.8bUS$83.2bUS$14.6b37.2x31.9x5.6x
Fri, 20 Dec 2024US$412.4bUS$83.2bUS$14.6b26.2x28.3x5x
Sun, 17 Nov 2024US$400.4bUS$83.2bUS$14.6b29x27.4x4.8x
Tue, 15 Oct 2024US$494.6bUS$82.5bUS$15.6b27.4x31.7x6x
Thu, 12 Sep 2024US$461.7bUS$82.5bUS$15.6b25.7x29.6x5.6x
Sat, 10 Aug 2024US$470.4bUS$82.6bUS$15.7b25x30x5.7x
Mon, 08 Jul 2024US$587.0bUS$82.8bUS$13.8b33.4x42.7x7.1x
Wed, 05 Jun 2024US$524.4bUS$82.8bUS$13.8b29.3x38.1x6.3x
Fri, 03 May 2024US$474.5bUS$83.3bUS$13.9b32x34.2x5.7x
Sun, 31 Mar 2024US$511.6bUS$84.5bUS$14.2b35.9x36x6.1x
Tue, 27 Feb 2024US$496.8bUS$84.9bUS$14.5b34.5x34.3x5.9x
Thu, 25 Jan 2024US$448.8bUS$90.1bUS$15.9b25.3x28.2x5x
Sat, 23 Dec 2023US$434.4bUS$90.1bUS$15.9b25.7x27.3x4.8x
Mon, 20 Nov 2023US$389.7bUS$90.0bUS$15.9b24.5x24.5x4.3x
Wed, 18 Oct 2023US$377.6bUS$93.9bUS$17.0b24.8x22.3x4x
Fri, 15 Sep 2023US$382.0bUS$93.9bUS$17.0b24.8x22.5x4.1x
Sun, 13 Aug 2023US$381.6bUS$94.0bUS$17.0b25.1x22.4x4.1x
Tue, 11 Jul 2023US$394.4bUS$96.1bUS$20.1b19.2x19.6x4.1x
Price to Earnings Ratio

19.6x


Total Market Cap: US$394.4bTotal 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 33.7x202420252026
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 66.3x which is higher than its 3-year average PE of 33.6x.
  • The 3-year average PS ratio of 6.3x is lower than the industry's current PS ratio of 14.7x.
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 Market1.63%
Tech0.61%
Semiconductors-2.81%
Semiconductor Equipment-6.26%
Semiconductors-2.32%
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
ICHR Ichor HoldingsUS$98.224.5%
+US$147.1m		332.3%PS3.6x
SEDG SolarEdge TechnologiesUS$52.381.2%
+US$38.3m		90.2%PS2.5x
ATOM AtomeraUS$7.414.7%
+US$12.8m		46.2%PS3984.6x
CVV CVD EquipmentUS$7.7418.7%
+US$8.5m		147.3%PS2.5x

Latest News

AMKR
US$69.65
Amkor Technology
7D
-11.5%
1Y
213.3%
ENTG
US$146.66
Entegris
7D
-9.1%
1Y
69.3%
LRCX
US$351.41
Lam Research
7D
-7.3%
1Y
255.6%
Q
US$141.75
Qnity Electronics
7D
-10.4%
1Y
n/a
KLAC
US$235.55
KLA
7D
-5.3%
1Y
154.8%
Narrative Update • Jul 02

KLAC: Extended 2028 WFE Optimism Will Pressure Already Stretched Share Price

The analyst price target for KLA has been raised from about $200 to roughly $214. Analysts point to updated semiconductor equipment cycle assumptions, extended wafer fab equipment visibility, and higher long term industry revenue forecasts as key drivers of the change.
AMAT
US$603.04
Applied Materials
7D
-3.8%
1Y
215.6%
Narrative Update • Jul 02

AMAT: AI WFE Supercycle Euphoria Will Later Test Overstretched Expectations

Applied Materials' analyst price target has been raised from $511.17 to $578.91 as analysts factor in heavier wafer fab equipment spending, extended backlog visibility, and stronger AI driven demand across foundry, DRAM, and advanced packaging. Analyst Commentary Recent research on Applied Materials points to a wide range of views, with most bullish analysts focused on extended wafer fab equipment visibility and AI related upside, while more cautious voices highlight execution risk against high expectations and valuation sensitivity.
TER
US$369.09
Teradyne
7D
-21.8%
1Y
296.6%
Narrative Update • Jul 02

TER: AI Test And Robotics Will Balance Backlog Visibility With Execution Risk

The analyst price target on Teradyne has been raised from $374.82 to $416.65, with analysts linking their higher expectations to stronger SCE backlog visibility, updated semiconductor industry growth forecasts, and higher long term assumptions for revenue growth and future P/E multiples. Analyst Commentary Recent research on Teradyne points to a cluster of higher price targets and refreshed industry models that focus on semiconductor capital spending, AI infrastructure, and long term addressable market forecasts.
MKSI
US$365.56
MKS
7D
-5.9%
1Y
249.6%
ICHR
US$98.22
Ichor Holdings
7D
3.4%
1Y
332.3%
SEDG
US$52.38
SolarEdge Technologies
7D
1.2%
1Y
90.2%
Narrative Update • Jun 22

SEDG: SST Hype And Rate Headwinds Will Likely Pressure Rich Multiple

The analyst price target for SolarEdge Technologies has moved higher to $26.00, with analysts pointing to progress on solid state transformer initiatives, optimism around the Nexis launch, and a mix of supportive and cautious views on recent share price strength as key drivers of the updated fair value and valuation assumptions. Analyst Commentary Recent research on SolarEdge Technologies reflects a split view, with some analysts highlighting progress on solid state transformer, or SST, projects and the Nexis platform, while others flag valuation and execution risks after a sharp move in the stock.
ATOM
US$7.41
Atomera
7D
4.7%
1Y
46.2%
CVV
US$7.74
CVD Equipment
7D
18.7%
1Y
147.3%
Analysis Article • May 16

Here's Why We're Not Too Worried About CVD Equipment's (NASDAQ:CVV) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...