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U.S. Semiconductor Equipment Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies38
  • 7D18.6%
  • 3M10.2%
  • 1Y176.9%
  • YTDn/a

Over the last 7 days, the Semiconductor Equipment industry has risen 14%, driven by gains in Applied Materials and Lam Research of 22% and 22%, respectively. Meanwhile, SolarEdge Technologies actually underperformed within the industry, shrinking 13% in the last week. This means that the industry has gained 184% over the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026US$1.3tUS$105.5bUS$24.0b62.7x55.2x12.6x
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
Price to Earnings Ratio

22.4x


Total Market Cap: US$381.6bTotal Earnings: US$17.0bTotal Revenue: US$94.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductor Equipment Industry Price to Earnings3Y Average 34.9x202420252026
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 52.4x which is higher than its 3-year average PE of 34.8x.
  • The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 11.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor Equipment industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Semiconductor Equipment compare with similar industries?

US Market5.51%
Tech11.22%
Semiconductors15.27%
Semiconductor Equipment18.65%
Semiconductors14.88%
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$534.2422.4%
+US$77.6b		199.9%PE49.9x
LRCX Lam ResearchUS$307.4221.8%
+US$68.9b		220.4%PE52.9x
KLAC KLAUS$192.806.9%
+US$16.3b		111.4%PE52.1x
TER TeradyneUS$389.3921.9%
+US$10.9b		271.3%PE52.9x
ENTG EntegrisUS$145.5536.0%
+US$5.9b		101.5%PE72.8x

Latest News

ENTG
US$145.55
Entegris
7D
36.0%
1Y
101.5%
AMKR
US$53.86
Amkor Technology
7D
26.0%
1Y
142.5%
Seeking Alpha • 2h

Amkor Technology's Valuation Lags Its Growth

Summary Amkor Technology is rated Strong Buy, with record Q2 2026 performance and robust multi-year growth drivers from AI and advanced packaging. Q2 revenue surged 26% YoY to $1.90B, gross margin improved to 16.8%, and utilization rates reached the high 70s, with several lines at full capacity. Long-term contracts with TSMC and NVIDIA enhance planning visibility, support advanced packaging growth, and underpin confidence in future capacity loading. Valuation remains below sector medians despite improved margins and visibility; key risks include execution on new facilities, utilization rates, and margin dilution. Read the full article on Seeking Alpha
SEDG
US$33.90
SolarEdge Technologies
7D
-13.2%
1Y
31.4%
ICHR
US$65.59
Ichor Holdings
7D
-12.5%
1Y
293.7%
Narrative Update • Aug 05

ICHR: Up Cycle Margin Hopes Will Rely On Structural Changes

Analysts have reset the fair value estimate for Ichor Holdings to $80 from $60, highlighting recent shifts in price targets alongside mixed quarterly results, expectations for low double digit quarter over quarter growth, and ongoing structural changes at the company. Analyst Commentary Recent Street research on Ichor Holdings shows a more cautious tone even as some targets remain well above current trading levels.
LRCX
US$307.42
Lam Research
7D
21.8%
1Y
220.4%
ONTO
US$276.00
Onto Innovation
7D
26.4%
1Y
206.7%
Narrative Update • Aug 03

ONTO: AI Packaging And Metrology Exposure Will Shape Future Upside Potential

Onto Innovation's updated fair value estimate has increased from $355.60 to $369.60 as analysts factor in higher price targets tied to AI infrastructure spending, stronger expectations for G5 tool demand, and a larger role for the company across advanced packaging and metrology. Analyst Commentary Recent research on Onto Innovation gives you a mostly constructive picture, with several firms lifting price targets and starting coverage at premium levels.
AMAT
US$534.24
Applied Materials
7D
22.4%
1Y
199.9%
Seeking Alpha • Jul 31

Applied Materials: Why I'm Maintaining A 'Strong Buy' After A 45% Run

Summary Applied Materials remains a "Strong Buy" after a 45% rally, driven by robust Q2 results and sector momentum. Q2 revenue reaccelerated to $7.91 billion (+11% YoY), with a record 31.9% operating margin, and raised the 2026 semiconductor equipment growth outlook to 30%+. Management's improved revenue visibility, strategic NEXX acquisition, and deepening EPIC Center partnerships strengthen AMAT’s competitive moat and growth prospects. I raise my fair GAAP PE multiple to 45x–55x, with AMAT trading at the lower end (47x), supporting further upside despite geopolitical risks. Read the full article on Seeking Alpha
MKSI
US$313.10
MKS
7D
21.5%
1Y
249.4%
KLAC
US$192.80
KLA
7D
6.9%
1Y
111.4%
Narrative Update • Jul 30

KLAC: AI Infrastructure Spending And Process Control Demand Will Support Re Rating

Analysts have adjusted the KLA price target to $303.48. This reflects a blend of higher assumed long term profit margins, a slightly higher discount rate, and a richer future P/E multiple supported by research commentary that highlights stronger process control demand, ongoing WFE and AI infrastructure spending, and mixed but generally constructive earnings revisions across the Street.
TER
US$389.39
Teradyne
7D
21.9%
1Y
271.3%
Narrative Update • Jul 30

TER: AI Test And Robotics Will Benefit From Extended Backlog Visibility

Teradyne's updated analyst price target has shifted to $442.20, with analysts pointing to stronger Q2 results, robust guidance, and expectations for sustained testing demand tied to AI infrastructure and semiconductor equipment spending as key factors supporting the new level. Analyst Commentary Recent analyst commentary on Teradyne centers on how the company is positioned for AI driven semiconductor demand, the depth of its order backlog, and the implications of higher long term industry forecasts for its valuation and growth profile.