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U.S. Semiconductors Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies91
  • 7D0.4%
  • 3M8.3%
  • 1Y39.0%
  • YTDn/a

In the last week, the Semiconductors industry is flat overall, with Intel standing out by going down 4.0%. The past year has been better, since the industry has gained 39% in that time. 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, 20 Feb 2026US$8.4tUS$550.0bUS$159.3b46x52.4x15.2x
Sun, 18 Jan 2026US$8.3tUS$544.9bUS$157.3b40.4x52.9x15.3x
Tue, 16 Dec 2025US$7.9tUS$539.9bUS$154.0b36.5x51x14.5x
Thu, 13 Nov 2025US$8.3tUS$514.5bUS$134.4b34.1x61.5x16.1x
Sat, 11 Oct 2025US$7.9tUS$508.0bUS$121.0b38.7x65.2x15.5x
Mon, 08 Sep 2025US$7.1tUS$504.4bUS$118.3b36x60.4x14.2x
Wed, 06 Aug 2025US$7.3tUS$481.1bUS$101.9b33.1x71.5x15.1x
Fri, 04 Jul 2025US$6.7tUS$479.4bUS$102.8b30.9x65.3x14x
Sun, 01 Jun 2025US$5.7tUS$474.2bUS$98.4b27.7x58x12x
Tue, 29 Apr 2025US$4.7tUS$452.9bUS$94.3b19.8x50.1x10.4x
Thu, 27 Mar 2025US$4.9tUS$452.7bUS$94.6b22x52.3x10.9x
Sat, 22 Feb 2025US$5.8tUS$430.4bUS$79.5b26.3x72.5x13.4x
Mon, 20 Jan 2025US$6.0tUS$430.3bUS$82.1b31.2x72.6x13.9x
Wed, 18 Dec 2024US$5.9tUS$426.3bUS$79.0b33.7x74.3x13.8x
Fri, 15 Nov 2024US$5.9tUS$405.3bUS$69.0b32.1x84.8x14.4x
Sun, 13 Oct 2024US$5.7tUS$406.7bUS$86.2b30.5x66.3x14x
Tue, 10 Sep 2024US$4.7tUS$402.9bUS$83.9b28.4x55.5x11.6x
Thu, 08 Aug 2024US$4.4tUS$384.7bUS$78.9b26.6x56.3x11.5x
Sat, 06 Jul 2024US$5.6tUS$385.2bUS$82.8b30.8x67.6x14.5x
Mon, 03 Jun 2024US$4.9tUS$379.8bUS$81.8b30.2x60.3x13x
Wed, 01 May 2024US$4.2tUS$362.8bUS$69.1b26.8x60.8x11.6x
Fri, 29 Mar 2024US$4.4tUS$363.7bUS$67.0b26.4x66.1x12.2x
Sun, 25 Feb 2024US$4.1tUS$358.6bUS$66.6b29.2x60.9x11.3x
Tue, 23 Jan 2024US$3.5tUS$343.0bUS$53.6b31.3x65.8x10.3x
Thu, 21 Dec 2023US$3.2tUS$342.6bUS$54.7b26.4x57.9x9.2x
Sat, 18 Nov 2023US$2.9tUS$330.6bUS$46.6b26.6x61.5x8.7x
Mon, 16 Oct 2023US$2.6tUS$334.0bUS$48.9b25.3x54x7.9x
Wed, 13 Sep 2023US$2.6tUS$334.2bUS$51.8b25.1x50.6x7.8x
Fri, 11 Aug 2023US$2.6tUS$325.7bUS$45.9b24x55.9x7.9x
Sun, 09 Jul 2023US$2.6tUS$333.0bUS$47.2b24.5x54.3x7.7x
Tue, 06 Jun 2023US$2.5tUS$338.2bUS$51.8b24.2x47.6x7.3x
Thu, 04 May 2023US$2.0tUS$341.3bUS$52.2b20.3x37.9x5.8x
Sat, 01 Apr 2023US$2.1tUS$347.7bUS$64.4b21.9x32.8x6.1x
Mon, 27 Feb 2023US$1.9tUS$347.6bUS$67.7b19.9x27.5x5.4x
Price to Earnings Ratio

27.5x


Total Market Cap: US$1.9tTotal Earnings: US$67.7bTotal Revenue: US$347.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.4x202420252026
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 52.4x which is lower than its 3-year average PE of 58.4x.
  • The 3-year average PS ratio of 11.5x is lower than the industry's current PS ratio of 15.2x.
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 Market0.64%
Tech0.58%
Semiconductors0.84%
Semiconductors0.40%
Semiconductor Equipment4.72%
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$187.900.5%
+US$23.3b		34.1%PE46x
AVGO BroadcomUS$333.990.9%
+US$13.4b		47.3%PE68.5x
ADI Analog DevicesUS$345.304.2%
+US$6.7b		41.6%PE62.3x
MU Micron TechnologyUS$417.351.4%
+US$6.4b		322.2%PE39.4x
ARM Arm HoldingsUS$126.933.9%
+US$5.0b		-15.9%PE168.3x

Latest News

AVGO
US$333.99
Broadcom
7D
0.9%
1Y
47.3%
ADI
US$345.30
Analog Devices
7D
4.2%
1Y
41.6%
NXPI
US$232.11
NXP Semiconductors
7D
-4.2%
1Y
-5.6%

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$203.37
Advanced Micro Devices
7D
-1.2%
1Y
78.1%

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.
CRDO
US$130.66
Credo Technology Group Holding
7D
7.3%
1Y
83.3%

CRDO: Future Returns Will Ride On AI Datacenter Connectivity Execution

The analyst price target for Credo Technology Group Holding has been reduced by about $6 to reflect updated fair value estimates, slightly adjusted discount rate assumptions, and revised expectations for revenue growth, profit margins, and future P/E multiples cited in recent research. Analyst Commentary Recent Street research on Credo Technology Group Holding has been mixed, with price target changes and a new neutral initiation pointing to both upside potential and execution risks.
GFS
US$45.44
GlobalFoundries
7D
-6.7%
1Y
2.0%
ALGM
US$36.26
Allegro MicroSystems
7D
-13.3%
1Y
31.3%

ALGM: I Expect AI Power Solutions To Drive Future Upside Potential

The analyst price target for Allegro MicroSystems has been raised from $45.00 to about $50.94. Analysts point to updated assumptions around growth, profitability and valuation, reflected in the recent series of target hikes and an upgrade in Street research.
INTC
US$44.62
Intel
7D
-4.0%
1Y
71.0%

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$218.05
Texas Instruments
7D
-2.2%
1Y
6.9%

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.
MU
US$417.35
Micron Technology
7D
1.4%
1Y
322.2%

MU: AI Memory Hype Will Eventually Collide With Rising DRAM Capacity

Micron Technology's fair value estimate has been revised higher from $176.14 to $214.08 as analysts factor in stronger assumptions for revenue growth, profit margins and future P/E. This revision is supported by a broad wave of higher Street price targets tied to tight memory supply and rising AI driven demand.
ON
US$68.09
ON Semiconductor
7D
-5.7%
1Y
26.0%
MCHP
US$77.16
Microchip Technology
7D
-2.2%
1Y
20.0%
QCOM
US$141.27
QUALCOMM
7D
2.0%
1Y
-18.7%
FSLR
US$233.30
First Solar
7D
5.8%
1Y
42.2%

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$187.90
NVIDIA
7D
0.5%
1Y
34.1%

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.
ARM
US$126.93
Arm Holdings
7D
3.9%
1Y
-15.9%

ARM: AI Licensing And Physical AI Will Drive Future Upside Potential

The analyst price target for Arm Holdings has been revised lower by $14.99, as analysts factor in slightly softer revenue growth assumptions, a lower future P/E multiple of 82.61, and updated views from recent research that temper earlier optimism around the shares. Analyst Commentary Recent research on Arm Holdings points to a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess growth assumptions, valuation, and execution risk.