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

U.S. Semiconductors Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies87
  • 7D1.5%
  • 3M3.5%
  • 1Y39.6%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has risen 1.5%, driven by gains from Advanced Micro Devices of 14%. During this same period, the QUALCOMM underperformed, falling 10%. In the last 12 months, the industry was up 40%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026US$8.3tUS$544.9bUS$157.3b40.4x52.9x15.3x
Wed, 17 Dec 2025US$7.8tUS$539.9bUS$154.0b36.4x50.5x14.4x
Fri, 14 Nov 2025US$8.3tUS$514.5bUS$134.5b33.7x62.1x16.2x
Sun, 12 Oct 2025US$7.8tUS$508.0bUS$121.0b38.7x64.2x15.3x
Tue, 09 Sep 2025US$7.2tUS$504.4bUS$118.3b36.9x60.7x14.2x
Thu, 07 Aug 2025US$7.2tUS$483.2bUS$102.5b33.4x70.4x14.9x
Sat, 05 Jul 2025US$6.7tUS$479.4bUS$102.8b30.9x65.3x14x
Mon, 02 Jun 2025US$5.7tUS$474.2bUS$98.4b27.7x58x12x
Wed, 30 Apr 2025US$4.7tUS$451.4bUS$93.9b19.1x50.3x10.5x
Fri, 28 Mar 2025US$4.9tUS$452.7bUS$94.6b21.8x51.9x10.8x
Sun, 23 Feb 2025US$5.8tUS$430.4bUS$79.5b26.3x72.5x13.4x
Tue, 21 Jan 2025US$6.0tUS$430.3bUS$82.1b31.2x72.6x13.9x
Thu, 19 Dec 2024US$5.8tUS$426.3bUS$79.0b32.4x73x13.5x
Sat, 16 Nov 2024US$5.9tUS$405.3bUS$69.0b30.9x84.8x14.4x
Mon, 14 Oct 2024US$5.7tUS$406.7bUS$86.2b30.5x66.3x14x
Wed, 11 Sep 2024US$4.7tUS$402.8bUS$83.9b28.3x55.5x11.6x
Fri, 09 Aug 2024US$4.4tUS$384.7bUS$78.9b28x55.4x11.4x
Sun, 07 Jul 2024US$5.6tUS$385.2bUS$82.8b30.8x67.7x14.5x
Tue, 04 Jun 2024US$4.9tUS$379.8bUS$81.8b30x60.3x13x
Thu, 02 May 2024US$4.1tUS$362.8bUS$69.3b25.6x58.8x11.2x
Sat, 30 Mar 2024US$4.4tUS$363.7bUS$67.0b26.4x66.3x12.2x
Mon, 26 Feb 2024US$4.1tUS$358.6bUS$66.6b29.2x60.9x11.3x
Wed, 24 Jan 2024US$3.5tUS$343.1bUS$53.6b32.1x65.8x10.3x
Fri, 22 Dec 2023US$3.1tUS$343.2bUS$53.6b30.7x57.5x9x
Sun, 19 Nov 2023US$2.9tUS$330.5bUS$46.6b25.6x61.5x8.7x
Tue, 17 Oct 2023US$2.7tUS$334.0bUS$48.9b25.5x54.8x8x
Thu, 14 Sep 2023US$2.7tUS$336.9bUS$52.2b25.6x51.3x8x
Sat, 12 Aug 2023US$2.5tUS$325.7bUS$45.9b23.7x54.6x7.7x
Mon, 10 Jul 2023US$2.6tUS$333.0bUS$47.2b24.5x54.3x7.7x
Wed, 07 Jun 2023US$2.4tUS$338.1bUS$51.8b24.3x47.1x7.2x
Fri, 05 May 2023US$2.0tUS$338.7bUS$50.5b20.1x38.9x5.8x
Sun, 02 Apr 2023US$2.1tUS$347.7bUS$64.4b21.9x32.8x6.1x
Tue, 28 Feb 2023US$1.9tUS$347.7bUS$67.7b20x27.7x5.4x
Thu, 26 Jan 2023US$1.8tUS$355.1bUS$75.6b19.9x23.5x5x
Price to Earnings Ratio

23.5x


Total Market Cap: US$1.8tTotal Earnings: US$75.6bTotal Revenue: US$355.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 57.6x202420252026
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 52.9x which is lower than its 3-year average PE of 57.6x.
  • The 3-year average PS ratio of 11.2x is lower than the industry's current PS ratio of 15.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 15% 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-0.29%
Tech-0.67%
Semiconductors2.03%
Semiconductors1.52%
Semiconductor Equipment6.96%
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
AMD Advanced Micro DevicesUS$231.8314.1%
+US$46.7b		90.9%PE120.5x
NVDA NVIDIAUS$186.230.7%
+US$33.3b		35.2%PE45.6x
AVGO BroadcomUS$351.712.0%
+US$32.0b		48.1%PE72.1x
MU Micron TechnologyUS$362.754.9%
+US$19.0b		243.0%PE34.3x
INTC IntelUS$46.963.1%
+US$7.0b		118.5%PE1182.2x

Latest News

PI
US$161.93
Impinj
7D
-22.6%
1Y
22.7%
INTC
US$46.96
Intel
7D
3.1%
1Y
118.5%
QCOM
US$159.42
QUALCOMM
7D
-5.8%
1Y
-3.1%
MPWR
US$1,033.17
Monolithic Power Systems
7D
7.7%
1Y
65.1%
NVDA
US$186.23
NVIDIA
7D
0.7%
1Y
35.2%
MTSI
US$220.68
MACOM Technology Solutions Holdings
7D
26.2%
1Y
51.8%
ALAB
US$182.00
Astera Labs
7D
11.9%
1Y
36.5%
ON
US$60.33
ON Semiconductor
7D
-2.9%
1Y
10.4%

ON: Future GaN Partnership Will Support A More Optimistic Outlook

The analyst price target for ON Semiconductor has moved from US$70.00 to about US$76.53. Analysts point to updated assumptions for revenue growth, profit margins, discount rates and future P/E to support the new view.
OLED
US$116.31
Universal Display
7D
-7.5%
1Y
-22.1%

OLED: Long Term Tianma Partnership Will Support Future Return Potential

Analysts have trimmed their price target on Universal Display to around $166 from about $169. This reflects updated views that slightly higher discount rates and modestly lower profit margin assumptions are only partly offset by marginally stronger revenue growth expectations and a somewhat higher future P/E multiple.
MRVL
US$80.46
Marvell Technology
7D
-3.3%
1Y
-35.5%

MRVL: AI Infrastructure Exposure Will Face Policy And ASIC Execution Crosswinds

Narrative Update: Marvell Technology Analysts have lifted their average fair value estimate for Marvell Technology from about $82.64 to $90.00. This change is supported by research citing the company's role in AI infrastructure, including custom ASIC and connectivity offerings.
ARM
US$105.78
Arm Holdings
7D
-4.8%
1Y
-29.1%

ARM: AI Licensing Royalties And Physical AI Expansion Will Drive Durable Upside

The updated analyst price target for Arm Holdings edges down by about $1.60, reflecting analysts' attempts to balance higher assumed revenue growth and margins with mixed views on the company's transition efforts and the market's willingness to support a premium P/E multiple. Analyst Commentary Recent Street research on Arm paints a mixed picture, with bullish analysts focused on earnings strength and AI exposure, and more cautious voices highlighting execution and valuation risk around the business model transition.
AVGO
US$351.71
Broadcom
7D
2.0%
1Y
48.1%
AMD
US$231.83
Advanced Micro Devices
7D
14.1%
1Y
90.9%

AMD: AI And Rack Scale Execution Will Define The Next Chapter

Analysts have raised their AMD fair value estimate from about $137 to roughly $208. This change reflects higher assumptions for revenue growth and profit margins in AI accelerators and rack scale systems, partly offset by a slightly higher discount rate and more conservative future P/E expectations.
NXPI
US$237.11
NXP Semiconductors
7D
-1.7%
1Y
10.1%

NXPI: Future Auto And Battery Technologies Will Drive Undervalued Upside

Analysts have raised their fair value estimate for NXP Semiconductors from US$294.09 to US$307.80, citing updated assumptions related to revenue growth, profit margins and future P/E expectations. What's in the News NXP unveiled its S32N7 super integration processor series on a 5 nm foundation to centralize core vehicle functions such as propulsion, vehicle dynamics, body, gateway and safety, with Bosch as the first deployment partner using the chip in its vehicle integration platform (Product-Related Announcement).
CRDO
US$150.97
Credo Technology Group Holding
7D
-3.3%
1Y
88.7%

CRDO: Sector Q3 Strength And AI Connectivity Portfolio Will Support Upside

Analysts have raised their fair value estimate for Credo Technology Group Holding to $250.00 from $165.00, citing updated assumptions for revenue growth, profit margins and future P/E, as well as recent Street research that anticipates generally in line to modestly better results for the broader semiconductor group. Analyst Commentary Recent Street research has added context to the higher fair value estimate, with bullish analysts pointing to supportive earnings expectations for the broader semiconductor group and updated assumptions for Credo Technology Group Holding.
MU
US$362.75
Micron Technology
7D
4.9%
1Y
243.0%

MU: AI Memory Supercycle Hype Will Likely Drive Future Multiple Compression

Micron Technology's fair value estimate has been raised from approximately $105.48 to $171.83. Analysts attribute this change to tightening DRAM supply, accelerating high bandwidth memory ramps for AI workloads, and improving margin and earnings visibility despite recent sector volatility.