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U.S. Semiconductors Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies86
  • 7D3.9%
  • 3M8.1%
  • 1Y39.3%
  • YTDn/a

The Semiconductors industry is up 3.3% in the last week, with NVIDIA up 5.3%. This takes the industry's 12 month performance to a gain of 38%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025US$8.2tUS$544.9bUS$157.4b36.4x52x15x
Mon, 24 Nov 2025US$7.7tUS$534.4bUS$146.7b33.5x52.4x14.4x
Wed, 22 Oct 2025US$8.0tUS$508.0bUS$121.0b42.5x66x15.7x
Fri, 19 Sep 2025US$7.6tUS$504.4bUS$118.3b40.3x64x15x
Sun, 17 Aug 2025US$7.4tUS$483.1bUS$102.2b33.4x72.5x15.3x
Tue, 15 Jul 2025US$6.9tUS$479.4bUS$102.8b31.7x66.6x14.3x
Thu, 12 Jun 2025US$6.1tUS$476.8bUS$101.3b29.7x60.1x12.8x
Sat, 10 May 2025US$5.0tUS$454.5bUS$93.9b21.7x53.7x11.1x
Mon, 07 Apr 2025US$4.0tUS$452.5bUS$94.7b18.2x42.3x8.8x
Wed, 05 Mar 2025US$5.0tUS$448.0bUS$89.3b24.2x56.1x11.2x
Fri, 31 Jan 2025US$5.4tUS$429.3bUS$82.8b30.6x65.1x12.6x
Sun, 29 Dec 2024US$5.9tUS$430.3bUS$82.1b31.4x71.9x13.7x
Tue, 26 Nov 2024US$5.7tUS$422.1bUS$78.8b33.7x72.2x13.5x
Thu, 24 Oct 2024US$5.9tUS$406.2bUS$85.7b29.9x68.3x14.4x
Sat, 21 Sep 2024US$5.2tUS$403.0bUS$83.9b27.9x61.9x12.9x
Mon, 19 Aug 2024US$5.3tUS$384.6bUS$79.0b31.3x67.3x13.8x
Wed, 17 Jul 2024US$5.7tUS$385.2bUS$82.8b29.6x69x14.8x
Fri, 14 Jun 2024US$5.7tUS$378.4bUS$81.9b30.4x69.2x15x
Sun, 12 May 2024US$4.3tUS$362.0bUS$69.7b28.9x62.2x12x
Tue, 09 Apr 2024US$4.3tUS$363.2bUS$67.4b25.9x64.4x12x
Thu, 07 Mar 2024US$4.3tUS$358.7bUS$66.9b28.2x64.9x12.1x
Sat, 03 Feb 2024US$3.6tUS$344.6bUS$57.0b30.7x63.6x10.5x
Mon, 01 Jan 2024US$3.2tUS$343.3bUS$53.6b30.8x59.5x9.3x
Wed, 29 Nov 2023US$2.8tUS$342.4bUS$54.7b27x52x8.3x
Fri, 27 Oct 2023US$2.4tUS$333.1bUS$48.2b23.3x50.7x7.3x
Sun, 24 Sep 2023US$2.5tUS$336.9bUS$51.7b25.2x48.6x7.5x
Tue, 22 Aug 2023US$2.5tUS$327.2bUS$45.9b26.3x55x7.7x
Thu, 20 Jul 2023US$2.8tUS$333.0bUS$47.2b25.8x58.8x8.3x
Sat, 17 Jun 2023US$2.6tUS$338.2bUS$51.8b26.2x50.7x7.8x
Mon, 15 May 2023US$2.0tUS$338.4bUS$50.3b20.9x39.7x5.9x
Wed, 12 Apr 2023US$2.1tUS$347.7bUS$64.4b21.3x31.8x5.9x
Fri, 10 Mar 2023US$1.9tUS$349.1bUS$68.9b19.5x27.6x5.4x
Sun, 05 Feb 2023US$1.9tUS$348.7bUS$70.0b20.3x27x5.4x
Tue, 03 Jan 2023US$1.5tUS$355.1bUS$75.8b16.8x20.2x4.3x
Price to Earnings Ratio

20.2x


Total Market Cap: US$1.5tTotal Earnings: US$75.8bTotal Revenue: US$355.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 57x20242025
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 57.0x.
  • The 3-year average PS ratio of 11.0x 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 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 Market1.24%
Tech1.57%
Semiconductors3.77%
Semiconductors3.86%
Semiconductor Equipment2.71%
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
NVDA NVIDIAUS$190.535.3%
+US$231.8b		39.1%PE46.7x
AVGO BroadcomUS$352.133.5%
+US$55.8b		45.7%PE72.2x
MU Micron TechnologyUS$284.797.1%
+US$21.2b		221.3%PE26.9x
AMD Advanced Micro DevicesUS$214.990.7%
+US$2.5b		71.7%PE111.8x
MRVL Marvell TechnologyUS$86.342.7%
+US$1.9b		-24.0%PE29.6x

Latest News

AMD
US$214.99
Advanced Micro Devices
7D
0.7%
1Y
71.7%
ADI
US$276.84
Analog Devices
7D
0.9%
1Y
27.6%

ADI: Autos And AI Upside Will Drive Multi Year Earnings Upswing

We are raising our Analog Devices fair value estimate from $310 to approximately $344 per share, as analysts lift price targets on the back of autos and AI driven upside, a stronger cyclical recovery into 2026, and improving confidence in the company’s long term growth and earnings power. Analyst Commentary Recent Street research skewed strongly positive, with bullish analysts lifting price targets across the board and reinforcing the view that Analog Devices is entering a multi year upcycle supported by both cyclical recovery and secular growth drivers.
QCOM
US$174.81
QUALCOMM
7D
-0.3%
1Y
11.2%

QCOM: Future AI And Android Momentum Will Balance Legal And Regulatory Risks

Analysts have raised their intrinsic value estimate for Qualcomm shares to approximately $159 from about $140, reflecting stronger expected top line growth, modestly higher margins, and increasing confidence that AI driven demand and premium Android share gains will support a richer earnings profile over time, despite a slightly higher perceived risk. Analyst Commentary Recent Street research on Qualcomm reflects a generally constructive view on the company, particularly around premium Android strength, AI exposure, and diversification beyond handsets.
AVGO
US$352.13
Broadcom
7D
3.5%
1Y
45.7%
INTC
US$36.20
Intel
7D
-1.7%
1Y
78.3%

INTC: Foundry And AI Execution Will Drive Confidence In Turnaround Narrative

Analysts have lifted their Intel fair value estimate to about $52 from roughly $27, reflecting improving execution, early but encouraging foundry progress, and a clearer AI strategy, even as they continue to flag rich valuation and execution risk. Analyst Commentary Recent Street research reflects a more constructive, but still guarded, view on Intel as bullish analysts acknowledge improving execution and a clearer AI and foundry strategy.
MU
US$284.79
Micron Technology
7D
7.1%
1Y
221.3%
NVDA
US$190.53
NVIDIA
7D
5.3%
1Y
39.1%
ALAB
US$167.26
Astera Labs
7D
1.7%
1Y
18.2%
RMBS
US$94.11
Rambus
7D
-2.4%
1Y
73.5%
MRVL
US$86.34
Marvell Technology
7D
2.7%
1Y
-24.0%
CRDO
US$144.83
Credo Technology Group Holding
7D
-3.5%
1Y
109.0%

CRDO: Future Returns Will Depend On Expanding AI Datacenter Connectivity

Analysts have nudged their average price target on Credo Technology Group Holding higher to about $214 from roughly $163, citing stronger expected revenue growth, improving profit margins and sustained AI related demand that supports premium yet slightly compressed forward valuation multiples. Analyst Commentary Recent research updates underscore a broadly constructive stance on Credo Technology, with multiple bullish analysts lifting price targets while framing the stock as a key beneficiary of structural AI and data center connectivity trends.
NXPI
US$222.87
NXP Semiconductors
7D
-1.5%
1Y
4.3%

NXPI: Future Returns Will Depend On New Battery Management Chipset And Buybacks

Analysts have raised their price target on NXP Semiconductors from approximately $174 to about $213 per share, citing sharply higher expected revenue growth and slightly stronger profit margins that more than offset a modestly higher discount rate and a marginally lower assumed future P/E multiple. What's in the News Introduced a new Electrochemical Impedance Spectroscopy battery management chipset that embeds EIS directly in hardware to improve EV and energy storage safety, longevity, and performance, with full solution availability targeted for early 2026 (company announcement) New BMS chipset integrates three units: the BMA7418 cell sensing device, BMA6402 gateway, and BMA8420 battery junction box controller, enabling nanosecond-level synchronization and high-frequency battery monitoring without extra sensors (company announcement) Updated fourth quarter 2025 guidance, forecasting revenue of $3.2 billion to $3.4 billion, GAAP operating income of $878 million to $1.006 billion, and diluted GAAP EPS of $2.40 to $2.81 (company guidance) Completed a share repurchase tranche of 670,245 shares for $150 million, bringing total buybacks under the January 31, 2022 program to 10,645,664 shares, or 4.17 percent of shares, for $2.35 billion (company filing) Announced a multi-year collaboration with eInfochips, which will distribute software and provide support for NXP's S32 microcontroller and microprocessor families to help customers accelerate application development (company announcement) Valuation Changes Fair Value Estimate has risen significantly from approximately $174.04 to about $212.84 per share.
TXN
US$176.88
Texas Instruments
7D
0.3%
1Y
-7.5%

TXN: Inventory Discipline And Shifting Tariff Landscape Will Shape Cyclical Recovery Path

Analysts have trimmed their blended price target on Texas Instruments by less than $1 to approximately $189. This reflects slightly lower margin expectations and a slower than typical early-cycle recovery, even as revenue growth assumptions edge modestly higher.
GFS
US$35.81
GlobalFoundries
7D
-2.2%
1Y
-18.9%

GFS: U.S. Manufacturing Demand And Policy Tailwinds Will Drive Upside Potential

Analysts have trimmed their price target on GlobalFoundries by about $8 to approximately $47 per share, citing a sluggish cyclical recovery, higher near term spending that offsets margin gains, and the longer runway before U.S. manufacturing advantages fully translate into revenue growth. Analyst Commentary Analyst reactions to the latest results have been mixed, with headline price targets moving lower but commentary emphasizing that GlobalFoundries continues to execute steadily against a challenging cyclical backdrop.
ARM
US$110.27
Arm Holdings
7D
-3.3%
1Y
-14.7%

ARM Risks Mount As AI-Driven Royalties May Not Justify Premium Multiple

We raise our fair value estimate for Arm Holdings to approximately $99 per share from about $86, reflecting analysts' higher price targets driven by solid earnings beats, accelerating licensing and AI related royalty growth, and improved long term revenue and multiple assumptions, despite a modestly higher discount rate and slightly lower profit margin outlook. Analyst Commentary Recent Street research on Arm reflects a generally constructive outlook on earnings power and artificial intelligence related optionality, but it also highlights areas of caution that could pressure the stock's premium valuation if execution falters.
RGTI
US$22.38
Rigetti Computing
7D
-5.8%
1Y
31.0%