Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductors Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies91
  • 7D-1.5%
  • 3M7.8%
  • 1Y39.4%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 1.5%, driven by declines in NVIDIA and Broadcom of 1.1% and 2.7%, respectively. This takes the industry's 12 month performance to a gain of 39%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026US$8.3tUS$549.3bUS$158.9b46x52x15x
Sat, 17 Jan 2026US$8.2tUS$544.9bUS$157.3b40.4x52.4x15.1x
Mon, 15 Dec 2025US$7.9tUS$539.9bUS$154.0b36.6x51x14.5x
Wed, 12 Nov 2025US$8.5tUS$514.6bUS$134.4b33.9x63.1x16.5x
Fri, 10 Oct 2025US$8.2tUS$508.0bUS$121.0b41.6x68x16.2x
Sun, 07 Sep 2025US$7.1tUS$504.4bUS$118.3b36x60.3x14.2x
Tue, 05 Aug 2025US$7.1tUS$481.0bUS$101.8b33.2x69.4x14.7x
Thu, 03 Jul 2025US$6.5tUS$479.4bUS$102.8b31x63.1x13.5x
Sat, 31 May 2025US$5.8tUS$474.2bUS$98.4b27.7x59.3x12.3x
Mon, 28 Apr 2025US$4.8tUS$452.9bUS$94.3b19.8x50.7x10.6x
Wed, 26 Mar 2025US$5.2tUS$454.4bUS$94.7b21.8x54.9x11.4x
Fri, 21 Feb 2025US$6.0tUS$430.4bUS$79.5b27.2x75.5x13.9x
Sun, 19 Jan 2025US$6.0tUS$430.3bUS$82.1b31.2x72.6x13.9x
Tue, 17 Dec 2024US$5.8tUS$426.3bUS$79.0b33.9x73.5x13.6x
Thu, 14 Nov 2024US$5.9tUS$405.3bUS$69.3b32.2x85.9x14.7x
Sat, 12 Oct 2024US$5.7tUS$406.7bUS$86.2b30.5x66.3x14x
Mon, 09 Sep 2024US$4.5tUS$402.9bUS$83.9b28.1x53.9x11.2x
Wed, 07 Aug 2024US$4.5tUS$384.9bUS$79.0b25.7x56.6x11.6x
Fri, 05 Jul 2024US$5.6tUS$385.2bUS$82.8b30.8x68.2x14.7x
Sun, 02 Jun 2024US$4.9tUS$379.8bUS$81.8b30.2x60.3x13x
Tue, 30 Apr 2024US$4.3tUS$363.0bUS$69.1b27.1x61.7x11.7x
Thu, 28 Mar 2024US$4.4tUS$363.7bUS$67.0b26.2x66.1x12.2x
Sat, 24 Feb 2024US$4.1tUS$358.6bUS$66.6b29.2x60.9x11.3x
Mon, 22 Jan 2024US$3.5tUS$343.1bUS$53.6b30.9x65.7x10.3x
Wed, 20 Dec 2023US$3.2tUS$342.6bUS$54.7b27.2x57.8x9.2x
Fri, 17 Nov 2023US$2.9tUS$330.5bUS$46.6b26.6x61.4x8.7x
Sun, 15 Oct 2023US$2.6tUS$334.0bUS$48.9b25.3x54x7.9x
Tue, 12 Sep 2023US$2.6tUS$334.2bUS$51.8b25.6x50.6x7.8x
Thu, 10 Aug 2023US$2.6tUS$325.8bUS$46.2b24.1x55.8x7.9x
Sat, 08 Jul 2023US$2.6tUS$333.0bUS$47.2b24.5x54.3x7.7x
Mon, 05 Jun 2023US$2.5tUS$338.2bUS$51.8b24.9x47.6x7.3x
Wed, 03 May 2023US$2.0tUS$341.9bUS$53.1b20.3x37.7x5.9x
Fri, 31 Mar 2023US$2.1tUS$347.7bUS$64.4b21.3x32.5x6x
Sun, 26 Feb 2023US$1.9tUS$347.6bUS$67.6b20x27.5x5.3x
Price to Earnings Ratio

27.5x


Total Market Cap: US$1.9tTotal Earnings: US$67.6bTotal Revenue: US$347.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Semiconductors industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 52.0x which is lower than its 3-year average PE of 58.4x.
  • The 3-year average PS ratio of 11.5x is lower than the industry's current PS ratio of 15.0x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 16% 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. Semiconductors compare with similar industries?

US Market-0.74%
Tech-1.61%
Semiconductors-1.09%
Semiconductors-1.46%
Semiconductor Equipment2.22%
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
MU Micron TechnologyUS$420.952.6%
+US$11.9b		303.4%PE39.8x
ARM Arm HoldingsUS$127.244.1%
+US$5.4b		-15.7%PE168.7x
ADI Analog DevicesUS$346.372.8%
+US$4.6b		43.3%PE74.6x
QCOM QUALCOMMUS$143.241.6%
+US$2.3b		-18.3%PE28.5x
FSLR First SolarUS$238.574.8%
+US$1.2b		46.8%PE18.3x

Latest News

ALAB
US$129.58
Astera Labs
7D
-9.8%
1Y
44.1%

Growth Investors: Industry Analysts Just Upgraded Their Astera Labs, Inc. (NASDAQ:ALAB) Revenue Forecasts By 13%

Feb 19
Growth Investors: Industry Analysts Just Upgraded Their Astera Labs, Inc. (NASDAQ:ALAB) Revenue Forecasts By 13%
ADI
US$346.37
Analog Devices
7D
2.8%
1Y
43.3%
AVGO
US$333.51
Broadcom
7D
-2.7%
1Y
45.8%

AVGO: AI Custom Silicon And TPU Demand Will Support Future Upside

Our Broadcom analyst price target edges slightly lower to $456.59 from $456.56 as analysts factor in mixed recent calls, with some trimming targets on margin and competition concerns while others highlight support from AI related demand and potential TPU traction. Analyst Commentary Recent research on Broadcom reflects a mix of optimism around AI exposure and custom silicon, alongside caution on margins and valuation as expectations rise into 2026.
INTC
US$45.46
Intel
7D
-5.9%
1Y
76.7%

INTC: AI And Foundry Partnerships Will Test Rich Future P E Expectations

Intel's updated fair value estimate edged up to $47.12 from $46.97 as analysts balanced a series of upward and downward price target revisions with slightly adjusted assumptions around discount rate, revenue growth, profit margins and future P/E. This reflects a more finely tuned view of the company’s execution and foundry opportunity.
TXN
US$223.32
Texas Instruments
7D
-1.4%
1Y
13.8%

TXN: Higher Street Conviction And Tariff Uncertainty Will Shape Next Cycle

The analyst fair value estimate for Texas Instruments has shifted from about $191 to roughly $219. Analysts attribute this change to updated expectations for revenue growth, profit margins, and a higher future P/E multiple following a wave of recent price target increases across the Street.
MU
US$420.95
Micron Technology
7D
2.6%
1Y
303.4%

MU: AI Memory Hype Will Eventually Collide With Rising DRAM Capacity

Micron Technology's fair value estimate has been revised higher from $176.14 to $214.08 as analysts factor in stronger assumptions for revenue growth, profit margins and future P/E. This revision is supported by a broad wave of higher Street price targets tied to tight memory supply and rising AI driven demand.
PI
US$122.99
Impinj
7D
15.0%
1Y
19.3%

Impinj: Why Lower Growth Could Continue To Linger For A While

Feb 15
RMBS
US$104.34
Rambus
7D
5.0%
1Y
57.3%
AMD
US$200.12
Advanced Micro Devices
7D
-6.3%
1Y
74.5%
MRVL
US$79.09
Marvell Technology
7D
-2.8%
1Y
-28.8%
NXPI
US$237.33
NXP Semiconductors
7D
-5.0%
1Y
-3.4%
QCOM
US$143.24
QUALCOMM
7D
1.6%
1Y
-18.3%
MTSI
US$246.76
MACOM Technology Solutions Holdings
7D
4.1%
1Y
99.4%

MTSI: Future Returns Will Reflect Margin Resilience And Repriced Earnings Expectations

Analysts have lifted their fair value estimate for MACOM Technology Solutions Holdings by about $48.60 per share, reflecting revised assumptions for revenue, profit margins and future P/E multiples supported by a series of recent price target increases across the Street. Analyst Commentary Recent Street research points to a cluster of higher price targets for MACOM Technology Solutions Holdings, with multiple firms revising their models at roughly the same time.
FSLR
US$238.57
First Solar
7D
4.8%
1Y
46.8%

FSLR: U.S. Manufacturing Expansion Will Support Long-Term Pricing Power

The analyst price target for First Solar has been raised by about US$12 to US$347.10. Analysts are balancing lower modeled revenue growth with higher profit margin expectations, a slightly reduced discount rate and a higher assumed future P/E.
NVDA
US$187.98
NVIDIA
7D
-1.1%
1Y
35.0%

NVDA: AI Infrastructure Demand And Partnerships Will Sustain Market Leadership

Analysts nudged their fair value estimate for Nvidia higher from US$326.00 to about US$334.78, as they factor in expectations for stronger profit margins, a higher future P/E and recent research that highlights Nvidia's AI leadership, data center demand and supportive partner deals such as the CoreWeave agreement. Analyst Commentary Recent Street research around Nvidia has been broadly constructive, with many bullish analysts adjusting their models after company updates, product news and partner commentary.
ARM
US$127.24
Arm Holdings
7D
4.1%
1Y
-15.7%

ARM: AI Licensing And Physical AI Will Drive Future Upside Potential

The analyst price target for Arm Holdings has been revised lower by $14.99, as analysts factor in slightly softer revenue growth assumptions, a lower future P/E multiple of 82.61, and updated views from recent research that temper earlier optimism around the shares. Analyst Commentary Recent research on Arm Holdings points to a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess growth assumptions, valuation, and execution risk.