Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductors Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies91
  • 7D3.8%
  • 3M-2.8%
  • 1Y71.6%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has risen 3.8%, driven by gains in Broadcom and NVIDIA of 9.2% and 2.6%, respectively. Meanwhile, Analog Devices actually underperformed within the industry, shrinking 6.0% in the last week. In the last 12 months, the industry was up 72%. Looking forward, 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
Thu, 12 Mar 2026US$8.2tUS$584.2bUS$182.7b40.1x44.7x14x
Sat, 07 Feb 2026US$8.2tUS$549.2bUS$158.2b44.7x51.8x14.9x
Mon, 05 Jan 2026US$8.2tUS$544.9bUS$157.3b36.6x52.4x15.1x
Wed, 03 Dec 2025US$8.1tUS$535.3bUS$147.1b35.7x55.3x15.2x
Fri, 31 Oct 2025US$8.7tUS$509.0bUS$141.6b44x61.4x17.1x
Sun, 28 Sep 2025US$7.6tUS$507.9bUS$120.6b39x63x15x
Tue, 26 Aug 2025US$7.3tUS$483.8bUS$102.3b35.9x71.8x15.2x
Thu, 24 Jul 2025US$6.9tUS$479.8bUS$102.8b31.5x67.4x14.4x
Sat, 21 Jun 2025US$6.1tUS$476.9bUS$101.3b30.2x60.5x12.9x
Mon, 19 May 2025US$5.7tUS$454.9bUS$93.8b25.1x61.1x12.6x
Wed, 16 Apr 2025US$4.6tUS$452.5bUS$94.7b18.8x48.9x10.2x
Fri, 14 Mar 2025US$5.0tUS$451.4bUS$94.1b27.2x52.9x11x
Sun, 09 Feb 2025US$5.6tUS$430.6bUS$80.8b26.5x69.6x13.1x
Tue, 07 Jan 2025US$6.1tUS$430.2bUS$82.1b31.8x73.9x14.1x
Thu, 05 Dec 2024US$5.7tUS$421.9bUS$78.3b32.5x72.7x13.5x
Sat, 02 Nov 2024US$5.6tUS$405.2bUS$68.7b29x81.2x13.8x
Mon, 30 Sep 2024US$5.3tUS$406.8bUS$86.2b30.7x62x13.1x
Wed, 28 Aug 2024US$5.3tUS$383.1bUS$78.4b31.5x68x13.9x
Fri, 26 Jul 2024US$5.1tUS$384.2bUS$82.1b26.7x61.9x13.2x
Sun, 23 Jun 2024US$5.6tUS$382.1bUS$80.6b30.3x69x14.6x
Tue, 21 May 2024US$4.5tUS$362.1bUS$69.6b30.9x64.7x12.4x
Thu, 18 Apr 2024US$4.1tUS$363.0bUS$67.4b24.7x61.1x11.3x
Sat, 16 Mar 2024US$4.3tUS$361.5bUS$64.0b27.7x67.3x11.9x
Mon, 12 Feb 2024US$3.9tUS$343.7bUS$56.7b28.8x68.4x11.3x
Wed, 10 Jan 2024US$3.2tUS$343.2bUS$53.6b29.4x60.1x9.4x
Fri, 08 Dec 2023US$2.7tUS$342.2bUS$54.4b25.8x50.3x8x
Sun, 05 Nov 2023US$2.6tUS$330.9bUS$47.0b26.3x56.2x8x
Tue, 03 Oct 2023US$2.6tUS$334.3bUS$48.8b25.3x53x7.7x
Thu, 31 Aug 2023US$2.7tUS$333.8bUS$51.5b27.1x53.2x8.2x
Sat, 29 Jul 2023US$2.7tUS$330.3bUS$48.6b25.3x56.3x8.3x
Mon, 26 Jun 2023US$2.5tUS$338.1bUS$51.8b24.3x48.8x7.5x
Wed, 24 May 2023US$2.1tUS$338.6bUS$50.3b22.7x42.6x6.3x
Fri, 21 Apr 2023US$2.0tUS$347.6bUS$64.4b20.5x31.3x5.8x
Sun, 19 Mar 2023US$2.0tUS$351.3bUS$69.1b18.3x28.9x5.7x
Price to Earnings Ratio

28.9x


Total Market Cap: US$2.0tTotal Earnings: US$69.1bTotal Revenue: US$351.3bTotal 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 44.7x 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 14.0x.
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-0.62%
Tech1.68%
Semiconductors3.26%
Semiconductors3.76%
Semiconductor Equipment-1.06%
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$341.577.6%
+US$113.8b		75.9%PE64.8x
NVDA NVIDIAUS$186.001.6%
+US$71.8b		60.7%PE37.6x
MU Micron TechnologyUS$418.694.5%
+US$20.2b		337.8%PE39.6x
INTC IntelUS$47.985.3%
+US$12.0b		132.0%PS4.5x
MRVL Marvell TechnologyUS$90.4415.8%
+US$10.8b		29.5%PE29.5x

Latest News

AVGO
US$341.57
Broadcom
7D
7.6%
1Y
75.9%
ALAB
US$124.71
Astera Labs
7D
9.6%
1Y
81.2%
CRDO
US$115.91
Credo Technology Group Holding
7D
13.0%
1Y
143.9%
MCHP
US$65.79
Microchip Technology
7D
-5.9%
1Y
26.8%

MCHP: Booking Momentum And End Market Recovery Will Support Higher Multiples

Analysts have lifted their blended Microchip Technology fair value estimate from $90.00 to about $109.03 as they factor in higher modeled revenue growth, wider profit margins, a slightly higher discount rate, and a lower assumed future P/E. This aligns with a recent wave of price target revisions across the Street.
NXPI
US$199.87
NXP Semiconductors
7D
-7.6%
1Y
-2.2%
TXN
US$198.67
Texas Instruments
7D
-1.8%
1Y
13.1%
GFS
US$44.14
GLOBALFOUNDRIES
7D
-7.2%
1Y
19.7%
MU
US$418.69
Micron Technology
7D
4.5%
1Y
337.8%

Position to be managed in the supercycle of memory but too expensive for long-term hold

Target Entry Point: Under $350 - ride 12 month supercycle (if you have appetite) Micron represents a cycle-aware position in the $200B+ global memory semiconductor market, entering the most profitable period in its 47-year history driven by AI-fueled demand for High Bandwidth Memory (HBM), data center DRAM, and enterprise SSDs. FY2026 is a confirmed supercycle: Q1 delivered $13.64B in record revenue (+57% YoY), Q2 is guided at $18.7B with 68% gross margins, and full-year consensus is ~$76B in revenue with ~$34 EPS. The core thesis — that AI structurally elevates memory from commodity component to strategic infrastructure — is validated by Micron's entire 2026 HBM supply being sold out under finalized contracts.
NVDA
US$186.00
NVIDIA
7D
1.6%
1Y
60.7%

NVIDIA: Durable Infrastructure in AI Leadership, but Nigh-Perfect Precision is Required

I am still fervently steadfast in the stance that NVDA is the undisputed anchor and future driver of the global AI shift. While it is an 'obvious' megacap investment, my personal analysis depict its transition into a full stack 'AI foundry' with a widened moat that the market presently fails to price in.
ADI
US$319.22
Analog Devices
7D
-6.5%
1Y
54.5%

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.
MRVL
US$90.44
Marvell Technology
7D
15.8%
1Y
29.5%

MRVL: AI Data Center Interconnect Will Drive Future Upside

Analysts have nudged our Marvell Technology fair value estimate higher to $118.93. This move is supported by Street price target increases across firms citing stronger data center momentum in custom compute, optics, and switching, as well as improved multi year visibility from the latest Q4 beat and raised outlook.
QCOM
US$134.12
QUALCOMM
7D
-3.9%
1Y
-12.2%

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.
ARM
US$120.10
Arm Holdings
7D
-3.2%
1Y
6.6%

ARM: Physical AI And Data Center CPUs Will Drive Future Upside

Analysts have nudged their average price target for Arm higher to $148.09 from $147.83, reflecting slightly faster assumed revenue growth and AI driven CPU demand in data centers, partially tempered by more conservative profit margin and P/E assumptions. Analyst Commentary Recent Street research on Arm shows a split between analysts who see more upside tied to AI CPU demand and those who are tightening assumptions around growth, margins and valuation multiples.
INTC
US$47.98
Intel
7D
5.3%
1Y
132.0%
AMD
US$204.83
Advanced Micro Devices
7D
1.4%
1Y
103.2%
MPWR
US$1,071.09
Monolithic Power Systems
7D
-2.5%
1Y
83.7%

MPWR: Higher Multiple Assumptions Will Test Execution As Dividend And Index Role Expand

Narrative Update on Monolithic Power Systems The updated analyst price target for Monolithic Power Systems has moved from about $972 to roughly $1,116. Analysts cite adjusted assumptions for revenue growth, profit margins, fair value, and future P/E as key factors behind the change.