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U.S. Semiconductors Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies91
  • 7D-3.5%
  • 3M-6.6%
  • 1Y60.2%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 3.5%, driven by a pullback from NVIDIA of 4.1%. On the other hand Arm Holdings is actually up 19%. In the past year, the industry has gained 60%. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026US$8.0tUS$599.7bUS$194.7b35x41x13.3x
Sun, 22 Feb 2026US$8.4tUS$550.1bUS$159.4b46.5x52.7x15.3x
Tue, 20 Jan 2026US$8.3tUS$544.9bUS$157.3b40.4x52.9x15.3x
Thu, 18 Dec 2025US$7.8tUS$539.9bUS$154.0b36.1x50.5x14.4x
Sat, 15 Nov 2025US$8.0tUS$514.5bUS$134.3b33.6x59.9x15.6x
Mon, 13 Oct 2025US$7.8tUS$508.0bUS$121.0b38.7x64.2x15.3x
Wed, 10 Sep 2025US$7.3tUS$504.4bUS$118.3b36.8x61.6x14.5x
Fri, 08 Aug 2025US$7.3tUS$483.2bUS$102.5b33x71.2x15.1x
Sun, 06 Jul 2025US$6.7tUS$479.4bUS$102.8b30.9x65.3x14x
Tue, 03 Jun 2025US$5.7tUS$474.2bUS$98.4b28.2x58x12x
Thu, 01 May 2025US$4.7tUS$451.4bUS$93.9b19x50.2x10.4x
Sat, 29 Mar 2025US$4.8tUS$452.7bUS$94.6b21.2x50.7x10.6x
Mon, 24 Feb 2025US$5.8tUS$430.4bUS$79.5b26.3x72.5x13.4x
Wed, 22 Jan 2025US$6.0tUS$430.4bUS$82.1b31.6x72.6x13.8x
Fri, 20 Dec 2024US$5.6tUS$430.3bUS$82.1b30.4x68.2x13x
Sun, 17 Nov 2024US$5.7tUS$405.1bUS$68.8b30.9x82.4x14x
Tue, 15 Oct 2024US$5.7tUS$406.7bUS$86.2b30.5x66.3x14x
Thu, 12 Sep 2024US$5.1tUS$402.8bUS$83.9b29.8x60.4x12.6x
Sat, 10 Aug 2024US$4.7tUS$384.6bUS$79.1b29.6x58.8x12.1x
Mon, 08 Jul 2024US$5.6tUS$385.2bUS$82.8b30.8x67.7x14.5x
Wed, 05 Jun 2024US$5.1tUS$378.4bUS$81.9b29.6x61.8x13.4x
Fri, 03 May 2024US$4.1tUS$363.5bUS$70.1b26.3x58.8x11.3x
Sun, 31 Mar 2024US$4.4tUS$362.8bUS$67.5b26.4x65.8x12.2x
Tue, 27 Feb 2024US$4.1tUS$358.6bUS$66.6b29.6x61.5x11.4x
Thu, 25 Jan 2024US$3.5tUS$342.5bUS$53.1b31.7x66.8x10.3x
Sat, 23 Dec 2023US$3.1tUS$343.3bUS$53.6b30.8x58.7x9.2x
Mon, 20 Nov 2023US$2.9tUS$330.5bUS$46.6b25.6x61.8x8.7x
Wed, 18 Oct 2023US$2.6tUS$334.0bUS$48.9b25.6x53.5x7.8x
Fri, 15 Sep 2023US$2.7tUS$336.9bUS$51.7b26.1x52.1x8x
Sun, 13 Aug 2023US$2.5tUS$325.7bUS$45.9b23.7x54.6x7.7x
Tue, 11 Jul 2023US$2.6tUS$333.0bUS$47.2b24.9x55x7.8x
Thu, 08 Jun 2023US$2.4tUS$338.1bUS$51.8b24.4x46.6x7.1x
Sat, 06 May 2023US$2.0tUS$338.8bUS$50.4b22.5x40x6x
Mon, 03 Apr 2023US$2.1tUS$347.7bUS$64.4b21.9x32.8x6.1x
Price to Earnings Ratio

32.8x


Total Market Cap: US$2.1tTotal Earnings: US$64.4bTotal Revenue: US$347.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 59x202420252026
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 41.0x which is lower than its 3-year average PE of 59.0x.
  • The 3-year average PS ratio of 11.8x is lower than the industry's current PS ratio of 13.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 20% 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-1.62%
Tech-3.55%
Semiconductors-3.75%
Semiconductors-3.51%
Semiconductor Equipment-5.64%
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
ARM Arm HoldingsUS$154.8019.2%
+US$26.5b		37.6%PE205.2x
MRVL Marvell TechnologyUS$97.689.1%
+US$7.1b		50.6%PE32x
TXN Texas InstrumentsUS$193.412.7%
+US$4.7b		7.0%PE35.4x
ADI Analog DevicesUS$313.421.0%
+US$1.5b		50.0%PE56.5x
NXPI NXP SemiconductorsUS$196.922.4%
+US$1.2b		-1.6%PE24.6x

Latest News

TSEM
US$174.68
Tower Semiconductor
7D
5.2%
1Y
375.6%
ARM
US$154.80
Arm Holdings
7D
19.2%
1Y
37.6%
NVDA
US$171.24
NVIDIA
7D
-4.1%
1Y
53.7%
AMD
US$203.77
Advanced Micro Devices
7D
-0.7%
1Y
91.1%
MU
US$355.46
Micron Technology
7D
-15.9%
1Y
301.9%

We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Mar 26
We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings
TXN
US$193.41
Texas Instruments
7D
2.7%
1Y
7.0%
AVGO
US$309.42
Broadcom
7D
-3.3%
1Y
79.9%
FSLR
US$185.83
First Solar
7D
-6.9%
1Y
46.8%

FSLR: Section 232 Tariff Outcomes Will Support Future U.S. Pricing Power

Narrative Update on First Solar The analyst fair value estimate for First Solar has been adjusted from $347.10 to $335.32 as analysts recalibrated their models after Q4 results, weaker 2026 guidance, lower price targets across several firms, and updated views on demand, margins, tariffs, and policy outcomes. Analyst Commentary Recent Street research on First Solar has shifted toward more cautious stances, with several firms moving to Hold or Neutral ratings and trimming price targets after Q4 results and weaker 2026 guidance.
MPWR
US$1,058.28
Monolithic Power Systems
7D
-3.1%
1Y
76.0%
ON
US$60.87
ON Semiconductor
7D
2.7%
1Y
39.1%

ON: Buybacks And Analyst Day Will Likely Temper Fairly Balanced Outlook

Analysts are maintaining their $56.00 price target on ON Semiconductor, citing updated assumptions that now reflect neutral changes to revenue growth at 7.15%, profit margin at 22.40%, the discount rate at 11.11%, and a forward P/E of 15.34x. What's in the News onsemi plans an Analyst and Investor Day to outline updates on company strategy, growth initiatives, recent product developments, and its long term financial plan (company event) The company issued new earnings guidance for Q1 2026, expecting revenue between US$1,435 million and US$1,535 million and diluted EPS between US$0.28 and US$0.38 (company guidance) Between November 1, 2025 and February 4, 2026, onsemi repurchased 2,900,000 shares, about 0.72% of shares, for US$175.6 million under a buyback announced on November 18, 2025 (company filing) Between October 4, 2025 and December 31, 2025, onsemi repurchased 8,779,695 shares, about 2.17% of shares, for US$450.13 million.
ADI
US$313.42
Analog Devices
7D
1.0%
1Y
50.0%

ADI: Data Center And AI Upswing Will Drive Multi Year Earnings Repricing

Analog Devices' analyst price target has been revised from $375 to $430, as analysts point to broad-based target increases across the Street following recent earnings beats, stronger margins, and ongoing benefits from data center, AI, and industrial recovery themes. Analyst Commentary Bullish analysts are clustering around higher price targets for Analog Devices, with many moving into a US$360 to US$430 range after recent quarterly updates.
MRVL
US$97.68
Marvell Technology
7D
9.1%
1Y
50.6%

MRVL: AI Data Center And Optics Momentum Will Offset XPU Sustainability Risks

Marvell Technology's updated fair value estimate moved from $90.00 to about $85.78, as analysts adjusted their models to reflect higher projected revenue growth and profit margins, alongside a lower future P/E multiple. This revision is supported by recent price target updates that cite stronger data center momentum, AI driven custom compute and optics demand, and new partnerships such as the Mojo Vision micro-LED collaboration.
ALAB
US$113.61
Astera Labs
7D
-10.0%
1Y
80.9%
NXPI
US$196.92
NXP Semiconductors
7D
2.4%
1Y
-1.6%

NXPI: Future Edge AI And Auto Platforms Will Support Bullish Upside

Analysts have reduced the overall price target on NXP Semiconductors by a few dollars to $305.82. This reflects a combination of recent target cuts and smaller upward revisions as they adjust assumptions on discount rates, profitability, growth, and future P/E levels.
GFS
US$44.57
GLOBALFOUNDRIES
7D
2.8%
1Y
17.2%

GFS: Evolving Expectations On Execution And Capital Actions Will Shape Future Upside

Analysts have raised their average price targets on GLOBALFOUNDRIES by a range of $4 to $20, citing updated expectations on growth, profitability and valuation, even though the model fair value estimate remains at $43.00. Analyst Commentary Street research on GLOBALFOUNDRIES has been active, with several firms adjusting their price targets across a wide range, including both increases and at least one very large downward move.
INTC
US$44.10
Intel
7D
-4.5%
1Y
86.7%

Intel Corp (INTC): The 18A Node Pivot and the "Foundry First" Transformation

Intel (INTC) concluded the March 16, 2026, trading session at $45.74 USD on the NASDAQ, ending the day with a 0.30% gain amid a volatile session that saw an intraday high of $49.17. Since your last update on March 1st, the stock has experienced significant "choppiness" as investors digest the launch of the Core Ultra 200S Plus series and wait for supply constraints to ease.