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U.S. Semiconductors Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies90
  • 7D5.0%
  • 3M16.8%
  • 1Y117.5%
  • YTDn/a

In the last week, the Semiconductors industry is up 2.8%, with NVIDIA up 1.7%. This takes the industry's 12 month performance to a gain of 119%. 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
Thu, 23 Apr 2026US$9.4tUS$599.6bUS$194.6b44.6x48.5x15.8x
Sat, 21 Mar 2026US$7.8tUS$599.7bUS$194.7b34.6x40.2x13.1x
Mon, 16 Feb 2026US$8.2tUS$549.3bUS$158.9b44.8x51.5x14.9x
Wed, 14 Jan 2026US$8.3tUS$544.9bUS$157.3b39.2x52.5x15.1x
Fri, 12 Dec 2025US$8.3tUS$535.9bUS$149.7b37.6x55.8x15.6x
Sun, 09 Nov 2025US$8.1tUS$514.5bUS$134.6b33x60.4x15.8x
Tue, 07 Oct 2025US$7.9tUS$507.9bUS$121.0b42x65x15.5x
Thu, 04 Sep 2025US$7.1tUS$501.3bUS$112.6b35.5x63x14.1x
Sat, 02 Aug 2025US$7.2tUS$481.1bUS$102.0b33x70.6x15x
Mon, 30 Jun 2025US$6.6tUS$479.4bUS$102.8b29.9x64.6x13.9x
Wed, 28 May 2025US$5.6tUS$455.4bUS$94.0b28.6x59.1x12.2x
Fri, 25 Apr 2025US$4.4tUS$452.9bUS$94.7b19.1x46.9x9.8x
Sun, 23 Mar 2025US$5.1tUS$454.6bUS$94.7b22.7x53.5x11.1x
Tue, 18 Feb 2025US$5.9tUS$430.5bUS$79.6b27x74.5x13.8x
Thu, 16 Jan 2025US$5.7tUS$430.3bUS$82.1b30.4x69.3x13.2x
Sat, 14 Dec 2024US$5.7tUS$426.3bUS$79.0b33.7x71.7x13.3x
Mon, 11 Nov 2024US$6.0tUS$405.4bUS$69.3b33.7x87.2x14.9x
Wed, 09 Oct 2024US$5.6tUS$406.7bUS$86.2b30.3x65.3x13.8x
Fri, 06 Sep 2024US$4.7tUS$398.7bUS$88.6b29x53.5x11.9x
Sun, 04 Aug 2024US$4.7tUS$384.8bUS$78.9b27.5x59.2x12.1x
Tue, 02 Jul 2024US$5.4tUS$385.2bUS$82.8b30.1x65.7x14.1x
Thu, 30 May 2024US$5.1tUS$379.8bUS$81.8b30.1x62.7x13.5x
Sat, 27 Apr 2024US$4.3tUS$363.0bUS$69.1b26.7x61.7x11.7x
Mon, 25 Mar 2024US$4.5tUS$363.7bUS$67.0b26x67.6x12.5x
Wed, 21 Feb 2024US$3.8tUS$343.3bUS$56.3b28.9x66.9x11x
Fri, 19 Jan 2024US$3.4tUS$343.0bUS$53.6b29.4x62.9x9.8x
Sun, 17 Dec 2023US$3.1tUS$342.7bUS$54.7b27.9x57.4x9.2x
Tue, 14 Nov 2023US$2.8tUS$330.6bUS$46.4b26.6x59.7x8.4x
Thu, 12 Oct 2023US$2.7tUS$334.3bUS$48.8b25.4x55.4x8.1x
Sat, 09 Sep 2023US$2.6tUS$334.1bUS$51.8b25.5x51.1x7.9x
Mon, 07 Aug 2023US$2.7tUS$326.1bUS$46.3b25x57.8x8.2x
Wed, 05 Jul 2023US$2.6tUS$333.0bUS$47.2b25.8x55.5x7.9x
Fri, 02 Jun 2023US$2.5tUS$337.5bUS$50.9b25x48.7x7.3x
Sun, 30 Apr 2023US$2.0tUS$341.9bUS$53.2b20.1x37.6x5.9x
Price to Earnings Ratio

37.6x


Total Market Cap: US$2.0tTotal Earnings: US$53.2bTotal Revenue: US$341.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 59.3x202420252026
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 48.7x which is lower than its 3-year average PE of 59.3x.
  • The 3-year average PS ratio of 12.0x is lower than the industry's current PS ratio of 15.8x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 54% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market1.73%
Tech4.86%
Semiconductors4.82%
Semiconductors5.01%
Semiconductor Equipment3.23%
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
AVGO BroadcomUS$422.656.5%
+US$122.8b		138.9%PE80.1x
NVDA NVIDIAUS$202.501.8%
+US$88.2b		97.2%PE41x
AMD Advanced Micro DevicesUS$303.4617.6%
+US$73.9b		235.7%PE115.9x
ARM Arm HoldingsUS$196.5723.4%
+US$39.5b		86.9%PE260.6x
MU Micron TechnologyUS$487.486.8%
+US$35.2b		568.4%PE22.8x

Latest News

JKS
US$22.69
JinkoSolar Holding
7D
-6.3%
1Y
33.5%
ADI
US$381.42
Analog Devices
7D
9.6%
1Y
108.3%
MRVL
US$157.32
Marvell Technology
7D
18.0%
1Y
174.4%
AVGO
US$422.65
Broadcom
7D
6.5%
1Y
138.9%
CSIQ
US$13.51
Canadian Solar
7D
-1.0%
1Y
71.9%

Canadian Solar: Discounted Power Generation And Storage Leader - Reiterate Buy

Apr 22
NVDA
US$202.50
NVIDIA
7D
1.8%
1Y
97.2%

NVIDIA Is the Best Business in America. That Doesn't Mean You Should Buy It.

NVIDIA closed fiscal 2026 with $96.6 billion in free cash flow, $54.1 billion of net cash on the balance sheet, and 71% gross margins. The crowd is looking for the right moment to sell.
TSEM
US$206.10
Tower Semiconductor
7D
-4.0%
1Y
460.1%
FSLR
US$188.71
First Solar
7D
-3.3%
1Y
43.9%

FSLR: Section 232 Tariff Outcome Will Shape Future U.S. Pricing Power

First Solar's analyst price targets have generally moved lower in recent weeks, with cuts ranging from around $9 to more than $100 as analysts respond to Q4 earnings, weaker 2026 guidance, tariff related volume headwinds, and higher uncertainty around future demand and policy outcomes. Analyst Commentary The recent wave of price target cuts and rating changes on First Solar reflects a reset in expectations following Q4 results and updated 2026 guidance.
TXN
US$236.31
Texas Instruments
7D
9.3%
1Y
55.3%

Texas Instruments: Recovery Or Not, I Still See A Hold

Apr 21
RGTI
US$18.38
Rigetti Computing
7D
-3.8%
1Y
101.8%
MU
US$487.48
Micron Technology
7D
6.8%
1Y
568.4%

Micron: Dead Cats Don't Bounce Twice

Apr 20
ARM
US$196.57
Arm Holdings
7D
23.4%
1Y
86.9%

ARM: AI Data Center Workloads Will Drive Next Leg Of Upside

Analysts have lifted the implied fair value estimate for Arm to $237.73 from $205.00, reflecting a reset in Street price targets that leans on higher long term revenue growth assumptions, a richer future P/E of 93.78, and a mix of recent target hikes and upgrades across firms such as Susquehanna, Goldman Sachs, Mizuho, Wells Fargo, Barclays, Evercore ISI, RBC Capital, Deutsche Bank, Raymond James, HSBC, BofA and New Street, alongside at least one downgrade from Morgan Stanley and several target trims earlier in the period. Analyst Commentary Recent research on Arm shows a clear split between bullish analysts raising targets and ratings and a smaller group trimming expectations or turning more cautious.
AMD
US$303.46
Advanced Micro Devices
7D
17.6%
1Y
235.7%

AMD: $600 Bullseye

Apr 20
SMTK
US$0.26
SmartKem
7D
-24.8%
1Y
-88.4%
NA
US$2.21
Nano Labs
7D
-27.1%
1Y
-56.0%
ASTI
US$4.97
Ascent Solar Technologies
7D
-21.9%
1Y
213.6%