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U.S. Semiconductors Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies91
  • 7D-2.1%
  • 3M2.0%
  • 1Y54.8%
  • YTDn/a

Micron Technology is up 15%, leading the way for the Semiconductors industry, which has gained 1.1%. This means that the industry has gained 54% over the past year. 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
Mon, 16 Mar 2026US$8.0tUS$584.1bUS$182.7b42.2x43.7x13.7x
Wed, 11 Feb 2026US$8.4tUS$549.1bUS$158.0b45.4x53.1x15.3x
Fri, 09 Jan 2026US$8.2tUS$544.9bUS$157.3b39.1x52x15x
Sun, 07 Dec 2025US$8.2tUS$535.9bUS$149.7b38x55x15.4x
Tue, 04 Nov 2025US$8.7tUS$510.4bUS$139.8b43.5x61.9x17x
Thu, 02 Oct 2025US$7.8tUS$507.9bUS$121.0b42.3x64.6x15.4x
Sat, 30 Aug 2025US$7.3tUS$501.3bUS$112.6b36.7x64.6x14.5x
Mon, 28 Jul 2025US$7.1tUS$479.9bUS$101.5b30.9x70.1x14.8x
Wed, 25 Jun 2025US$6.4tUS$476.9bUS$101.3b31.4x62.7x13.3x
Fri, 23 May 2025US$5.6tUS$454.9bUS$93.8b24.6x59.8x12.3x
Sun, 20 Apr 2025US$4.3tUS$452.5bUS$94.7b18.4x45.8x9.6x
Tue, 18 Mar 2025US$5.2tUS$452.4bUS$93.9b29.6x55.1x11.4x
Thu, 13 Feb 2025US$5.8tUS$430.4bUS$79.6b25.4x72.3x13.4x
Sat, 11 Jan 2025US$5.9tUS$430.3bUS$82.1b30.1x72.4x13.8x
Mon, 09 Dec 2024US$5.8tUS$421.6bUS$78.3b34.5x74x13.7x
Wed, 06 Nov 2024US$5.6tUS$405.0bUS$68.6b29.5x81.7x13.8x
Fri, 04 Oct 2024US$5.3tUS$406.8bUS$86.2b30.2x61.7x13.1x
Sun, 01 Sep 2024US$5.2tUS$398.7bUS$88.6b31.9x58.7x13.1x
Tue, 30 Jul 2024US$5.0tUS$384.1bUS$82.1b27x61.4x13.1x
Thu, 27 Jun 2024US$5.5tUS$382.1bUS$80.6b30x68.2x14.4x
Sat, 25 May 2024US$4.8tUS$379.8bUS$81.8b30.9x58.7x12.6x
Mon, 22 Apr 2024US$3.8tUS$363.0bUS$67.4b22.6x56.4x10.5x
Wed, 20 Mar 2024US$4.3tUS$361.5bUS$64.0b25.4x67.1x11.9x
Fri, 16 Feb 2024US$3.9tUS$343.3bUS$56.3b28.8x69.7x11.4x
Sun, 14 Jan 2024US$3.3tUS$343.1bUS$53.6b29.1x60.6x9.5x
Tue, 12 Dec 2023US$2.9tUS$342.5bUS$54.7b26.8x53.2x8.5x
Thu, 09 Nov 2023US$2.7tUS$330.7bUS$46.9b24.9x57x8.1x
Sat, 07 Oct 2023US$2.7tUS$334.3bUS$48.8b25.1x54.4x7.9x
Mon, 04 Sep 2023US$2.7tUS$334.3bUS$51.8b26x52.8x8.2x
Wed, 02 Aug 2023US$2.8tUS$330.3bUS$48.8b25.2x57.1x8.4x
Fri, 30 Jun 2023US$2.5tUS$333.0bUS$47.2b25.3x53.8x7.6x
Sun, 28 May 2023US$2.5tUS$337.6bUS$50.9b24.4x48.6x7.3x
Tue, 25 Apr 2023US$2.0tUS$347.6bUS$64.4b20.3x31.1x5.8x
Thu, 23 Mar 2023US$2.0tUS$351.8bUS$69.1b18.3x29.2x5.7x
Price to Earnings Ratio

29.2x


Total Market Cap: US$2.0tTotal Earnings: US$69.1bTotal Revenue: US$351.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.8x202420252026
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 43.7x which is lower than its 3-year average PE of 58.8x.
  • The 3-year average PS ratio of 11.7x is lower than the industry's current PS ratio of 13.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 38% per year over the last three years.
  • Revenues for these companies have grown 18% 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-2.40%
Tech-2.42%
Semiconductors-1.84%
Semiconductors-2.09%
Semiconductor Equipment0.42%
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$426.139.5%
+US$41.4b		313.3%PE40.3x
TSEM Tower SemiconductorUS$124.718.0%
+US$1.0b		219.4%PE63.7x
INTC IntelUS$45.770.4%
+US$949.1m		78.2%PS4.3x
RMBS RambusUS$94.016.2%
+US$593.8m		72.5%PE44.1x
NVTS Navitas SemiconductorUS$10.1020.5%
+US$397.0m		281.1%PS50.8x

Latest News

AMD
US$193.39
Advanced Micro Devices
7D
-4.6%
1Y
84.9%
NXPI
US$190.86
NXP Semiconductors
7D
-7.0%
1Y
-9.0%
MU
US$426.13
Micron Technology
7D
9.5%
1Y
313.3%
AVGO
US$322.16
Broadcom
7D
-6.8%
1Y
65.6%
CRDO
US$117.69
Credo Technology Group Holding
7D
1.5%
1Y
150.3%
MRVL
US$87.86
Marvell Technology
7D
-5.2%
1Y
24.8%
NVDA
US$180.25
NVIDIA
7D
-1.3%
1Y
50.8%
INTC
US$45.77
Intel
7D
0.4%
1Y
78.2%
NVTS
US$10.10
Navitas Semiconductor
7D
20.5%
1Y
281.1%
HIMX
US$9.84
Himax Technologies
7D
27.5%
1Y
6.6%
RMBS
US$94.01
Rambus
7D
6.2%
1Y
72.5%

RMBS: AI Memory Roadmap And Steady P E Assumptions Will Drive Upside

Analysts have trimmed their price targets on Rambus, with recent cuts of $7 and $10 balanced by a new bullish initiation. This has led to only modest tweaks in discount rate and future P/E assumptions, rather than a wholesale shift in the overall valuation view.
TXN
US$190.78
Texas Instruments
7D
-2.8%
1Y
6.0%
TSEM
US$124.71
Tower Semiconductor
7D
8.0%
1Y
219.4%

TSEM: RF And Silicon Photonics Leadership Will Redefine Earnings Power By 2027

Analysts have lifted their price targets on Tower Semiconductor by a combined $103, supporting a modest rise in our updated fair value estimate to $159.29, as they highlight the company’s RF Infrastructure connectivity leadership and insights from recent investor meetings. Analyst Commentary Recent research commentary centers on how the higher price targets line up with Tower Semiconductor’s role in RF Infrastructure connectivity and the feedback from recent investor meetings with management.
ADI
US$306.07
Analog Devices
7D
-4.3%
1Y
44.6%

ADI: Cyclical Recovery And AI Data Center Demand Will Drive Mixed Outcomes

Our updated price target for Analog Devices rises from $204.70 to $314.76, reflecting analysts' higher modeled revenue growth, a richer assumed future P/E multiple, and commentary pointing to upside from data center, AI, industrial exposure, and pricing power, alongside an ongoing cyclical recovery. Analyst Commentary Recent Street research on Analog Devices is broadly constructive, with many firms lifting their price targets after the latest quarterly results and guidance updates.
QCOM
US$129.82
QUALCOMM
7D
-6.0%
1Y
-17.8%

QCOM: AI Data Center And Advanced Nodes Will Balance Handset Risks

Analysts have nudged their long term price framework for Qualcomm slightly lower, trimming the future P/E assumption from 16.92x to 16.65x and modestly adjusting growth. They still point to potential upside in areas like AI data center, automotive and IoT as handset headwinds are reassessed across the Street.
CSIQ
US$18.41
Canadian Solar
7D
9.9%
1Y
84.8%