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U.S. Semiconductors Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies91
  • 7D2.4%
  • 3M4.4%
  • 1Y45.4%
  • YTDn/a

In the last week, the Semiconductors industry is up 2.4%, with NVIDIA up 3.8%. During this same period, the Intel underperformed, falling 5.7%. This takes the industry's 12 month performance to a gain of 45%. 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, 23 Feb 2026US$8.4tUS$550.1bUS$159.4b46.5x52.7x15.3x
Wed, 21 Jan 2026US$8.0tUS$545.0bUS$157.3b40.3x51.1x14.7x
Fri, 19 Dec 2025US$7.5tUS$544.8bUS$157.4b36.1x47.7x13.8x
Sun, 16 Nov 2025US$8.1tUS$514.5bUS$134.3b34.8x60.5x15.8x
Tue, 14 Oct 2025US$7.8tUS$508.0bUS$121.0b40.4x64.2x15.3x
Thu, 11 Sep 2025US$7.5tUS$504.4bUS$118.3b38.3x63x14.8x
Sat, 09 Aug 2025US$7.4tUS$483.1bUS$102.0b33.9x72.3x15.3x
Mon, 07 Jul 2025US$6.7tUS$479.4bUS$102.8b30.9x65.3x14x
Wed, 04 Jun 2025US$5.9tUS$474.3bUS$98.4b28.6x60x12.5x
Fri, 02 May 2025US$4.7tUS$452.9bUS$94.4b19.5x49.9x10.4x
Sun, 30 Mar 2025US$4.7tUS$452.5bUS$94.7b21.2x49.6x10.4x
Tue, 25 Feb 2025US$5.8tUS$430.4bUS$79.5b25.5x72.5x13.4x
Thu, 23 Jan 2025US$6.1tUS$430.4bUS$82.1b31.5x73.9x14.1x
Sat, 21 Dec 2024US$5.6tUS$430.3bUS$82.1b30.5x68x13x
Mon, 18 Nov 2024US$5.7tUS$405.1bUS$68.8b30.9x82.4x14x
Wed, 16 Oct 2024US$5.6tUS$406.6bUS$86.2b29.5x64.7x13.7x
Fri, 13 Sep 2024US$5.1tUS$402.8bUS$83.9b29.2x60.4x12.6x
Sun, 11 Aug 2024US$4.6tUS$384.6bUS$79.1b29.6x58.7x12.1x
Tue, 09 Jul 2024US$5.7tUS$385.2bUS$82.8b31.2x68.4x14.7x
Thu, 06 Jun 2024US$5.1tUS$378.4bUS$81.9b30.3x62x13.4x
Sat, 04 May 2024US$4.2tUS$363.6bUS$70.1b26.9x60.3x11.6x
Mon, 01 Apr 2024US$4.4tUS$362.8bUS$67.5b26.4x65.8x12.2x
Wed, 28 Feb 2024US$4.1tUS$358.6bUS$66.6b29.3x61.2x11.4x
Fri, 26 Jan 2024US$3.6tUS$342.5bUS$53.1b31.7x68x10.5x
Sun, 24 Dec 2023US$3.1tUS$343.3bUS$53.6b30.8x58.7x9.2x
Tue, 21 Nov 2023US$2.9tUS$330.5bUS$46.6b25.6x61.8x8.7x
Thu, 19 Oct 2023US$2.6tUS$334.0bUS$48.9b24.9x52.3x7.6x
Sat, 16 Sep 2023US$2.7tUS$336.9bUS$51.7b26.1x52.1x8x
Mon, 14 Aug 2023US$2.5tUS$325.7bUS$45.9b23.7x54.6x7.7x
Wed, 12 Jul 2023US$2.6tUS$333.0bUS$47.2b25.2x55.2x7.8x
Fri, 09 Jun 2023US$2.4tUS$338.2bUS$51.8b24.8x47.3x7.2x
Sun, 07 May 2023US$2.0tUS$338.8bUS$50.4b22.5x40x6x
Tue, 04 Apr 2023US$2.1tUS$347.7bUS$64.4b21.9x32.6x6.1x
Thu, 02 Mar 2023US$1.9tUS$347.8bUS$67.6b19x27.6x5.4x
Price to Earnings Ratio

27.6x


Total Market Cap: US$1.9tTotal Earnings: US$67.6bTotal Revenue: US$347.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.5x202420252026
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 52.7x which is lower than its 3-year average PE of 58.5x.
  • The 3-year average PS ratio of 11.6x 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 33% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market1.04%
Tech1.26%
Semiconductors2.56%
Semiconductors2.44%
Semiconductor Equipment3.56%
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$189.823.8%
+US$170.3b		41.2%PE46.5x
AVGO BroadcomUS$332.652.3%
+US$35.5b		52.1%PE68.2x
MU Micron TechnologyUS$428.174.0%
+US$18.6b		333.2%PE40.5x
ADI Analog DevicesUS$355.035.3%
+US$8.6b		48.6%PE64x
QCOM QUALCOMMUS$142.881.5%
+US$2.3b		-13.6%PE28.4x

Latest News

OLED
US$104.07
Universal Display
7D
-16.7%
1Y
-33.8%
QCOM
US$142.88
QUALCOMM
7D
1.5%
1Y
-13.6%

QCOM: AI And Advanced Node Progress Will Offset Handset And iPhone Content Risks

Analysts have lowered their fair value estimate for Qualcomm to $132 from $134, reflecting a series of recent price target cuts that rely on more cautious revenue growth assumptions, while projected profit margins and future P/E remain roughly unchanged. Analyst Commentary Recent Street research on Qualcomm has tilted more cautious, with a cluster of downgrades and price target trims pointing to increased concern about execution and growth risk in the handset business and related earnings power.
ADI
US$355.03
Analog Devices
7D
5.3%
1Y
48.6%
ALGM
US$38.93
Allegro MicroSystems
7D
-8.1%
1Y
46.3%
MU
US$428.17
Micron Technology
7D
4.0%
1Y
333.2%

Micron in Supercycle Mode… With One Big Risk: is Cyclicality Dead?

When I wrote the original narrative, the thesis was straightforward: Micron was riding a powerful AI driven memory supercycle, and HBM was the ticket. That thesis hasn’t changed.
AVGO
US$332.65
Broadcom
7D
2.3%
1Y
52.1%

Broadcom (AVGO): The VMWare Synergies & The Custom Silicon Moat

Broadcom in February 2026 is the ultimate "Hybrid" asset. It offers the high-margin revenue of a software giant (VMware) combined with the explosive growth of a custom AI-silicon leader.
MPWR
US$1,204.10
Monolithic Power Systems
7D
2.8%
1Y
82.1%

MPWR: DC AI And Data Center Demand Will Support Future Earnings

Analysts have raised their consolidated price target for Monolithic Power Systems by $130 to $1,328, citing updated views on revenue growth, profit margins, and a slightly lower expected future P/E multiple. Analyst Commentary Recent research updates cluster on the positive side, with several firms lifting their price targets or upgrading their views on Monolithic Power Systems.
NXPI
US$232.27
NXP Semiconductors
7D
-5.0%
1Y
-1.8%

NXPI: Future Execution And Auto Exposure Will Shape Fairly Priced Outlook

The updated NXP Semiconductors analyst price target edges up by about $3 to $261, as analysts weigh a mix of recent target cuts and raises against revised assumptions on growth, profitability and future P/E multiples. Analyst Commentary Recent Street research on NXP Semiconductors reflects a split view, with several firms cutting targets by US$10 to US$35, while others lift targets by US$5 to US$35.
AMD
US$200.15
Advanced Micro Devices
7D
-3.5%
1Y
80.6%

AMD: AI Accelerator And Server Demand Will Support Long-Term Earnings Power

Analysts have trimmed their consolidated AMD price target by about $5 to reflect slightly more cautious revenue growth assumptions and a lower future P/E, while acknowledging stronger profit margin expectations supported by recent research highlighting AI accelerator demand, server CPU sell through into 2026, and ongoing debate around competitive risks. Analyst Commentary Recent research on Advanced Micro Devices points to a split tape in sentiment, but with a clear group of bullish analysts leaning into AI, server demand, and competitive positioning as key supports for valuation and growth expectations.
GFS
US$46.19
GlobalFoundries
7D
-5.7%
1Y
8.9%
INTC
US$44.11
Intel
7D
-5.7%
1Y
77.4%

INTC: AI And Foundry Partnerships Will Test Rich Future P E Expectations

Intel's updated fair value estimate edged up to $47.12 from $46.97 as analysts balanced a series of upward and downward price target revisions with slightly adjusted assumptions around discount rate, revenue growth, profit margins and future P/E. This reflects a more finely tuned view of the company’s execution and foundry opportunity.
TXN
US$219.73
Texas Instruments
7D
-2.8%
1Y
8.8%

TXN: Higher Street Conviction And Tariff Uncertainty Will Shape Next Cycle

The analyst fair value estimate for Texas Instruments has shifted from about $191 to roughly $219. Analysts attribute this change to updated expectations for revenue growth, profit margins, and a higher future P/E multiple following a wave of recent price target increases across the Street.
ON
US$69.11
ON Semiconductor
7D
-4.3%
1Y
27.9%
MRVL
US$79.48
Marvell Technology
7D
1.1%
1Y
-23.4%
FSLR
US$241.88
First Solar
7D
7.2%
1Y
55.6%

FSLR: U.S. Manufacturing Expansion Will Support Long-Term Pricing Power

The analyst price target for First Solar has been raised by about US$12 to US$347.10. Analysts are balancing lower modeled revenue growth with higher profit margin expectations, a slightly reduced discount rate and a higher assumed future P/E.
NVDA
US$189.82
NVIDIA
7D
3.8%
1Y
41.2%

NVDA: AI Infrastructure Demand And Partnerships Will Sustain Market Leadership

Analysts nudged their fair value estimate for Nvidia higher from US$326.00 to about US$334.78, as they factor in expectations for stronger profit margins, a higher future P/E and recent research that highlights Nvidia's AI leadership, data center demand and supportive partner deals such as the CoreWeave agreement. Analyst Commentary Recent Street research around Nvidia has been broadly constructive, with many bullish analysts adjusting their models after company updates, product news and partner commentary.