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U.S. Semiconductors Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies85
  • 7D1.8%
  • 3M3.9%
  • 1Y34.1%
  • YTDn/a

Last week, the Semiconductors industry hasn't moved much but NVIDIA is up 3.4% in that time. As for the the longer term, the industry is up 39% over the past 12 months. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025US$7.9tUS$544.8bUS$157.4b36.3x50.3x14.5x
Wed, 19 Nov 2025US$8.0tUS$512.5bUS$134.1b33.1x59.5x15.6x
Fri, 17 Oct 2025US$7.9tUS$508.0bUS$121.0b41.6x65.5x15.6x
Sun, 14 Sep 2025US$7.6tUS$504.4bUS$118.3b38.6x64.5x15.1x
Tue, 12 Aug 2025US$7.4tUS$483.1bUS$102.0b33.4x72.4x15.3x
Thu, 10 Jul 2025US$6.7tUS$479.4bUS$102.8b33.1x65.2x14x
Sat, 07 Jun 2025US$6.0tUS$476.8bUS$101.3b28.8x58.8x12.5x
Mon, 05 May 2025US$4.9tUS$453.1bUS$94.5b20x52.3x10.9x
Wed, 02 Apr 2025US$4.7tUS$452.5bUS$94.7b20.5x49.2x10.3x
Fri, 28 Feb 2025US$5.6tUS$447.9bUS$89.3b24.5x62.8x12.5x
Sun, 26 Jan 2025US$6.1tUS$430.4bUS$82.0b30.6x74.7x14.2x
Tue, 24 Dec 2024US$5.7tUS$430.3bUS$82.1b31.5x69.6x13.3x
Thu, 21 Nov 2024US$5.8tUS$405.1bUS$68.8b31.5x84.5x14.4x
Sat, 19 Oct 2024US$5.7tUS$406.6bUS$86.1b30.6x66.7x14.1x
Mon, 16 Sep 2024US$5.2tUS$402.9bUS$83.9b30x61.7x12.9x
Wed, 14 Aug 2024US$4.8tUS$384.6bUS$79.1b30.4x60.1x12.4x
Fri, 12 Jul 2024US$5.9tUS$385.2bUS$82.8b31x71.4x15.4x
Sun, 09 Jun 2024US$5.3tUS$378.4bUS$81.9b29.6x64.3x13.9x
Tue, 07 May 2024US$4.4tUS$363.7bUS$70.1b27.3x62.6x12.1x
Thu, 04 Apr 2024US$4.4tUS$362.8bUS$67.5b26.2x65.4x12.2x
Sat, 02 Mar 2024US$4.1tUS$358.7bUS$66.9b29.1x61.7x11.5x
Mon, 29 Jan 2024US$3.5tUS$343.9bUS$56.4b32x62.3x10.2x
Wed, 27 Dec 2023US$3.1tUS$343.2bUS$53.6b31.1x58.7x9.2x
Fri, 24 Nov 2023US$2.9tUS$342.2bUS$54.7b27x52.8x8.4x
Sun, 22 Oct 2023US$2.5tUS$334.0bUS$48.9b24.3x50.9x7.4x
Tue, 19 Sep 2023US$2.6tUS$336.9bUS$51.7b25.9x50.9x7.8x
Thu, 17 Aug 2023US$2.5tUS$327.2bUS$46.0b24.5x55.4x7.8x
Sat, 15 Jul 2023US$2.7tUS$333.2bUS$47.2b25.1x57.4x8.1x
Mon, 12 Jun 2023US$2.5tUS$338.2bUS$51.8b24.9x47.5x7.3x
Wed, 10 May 2023US$2.0tUS$338.5bUS$50.4b20.5x39.7x5.9x
Fri, 07 Apr 2023US$2.0tUS$347.7bUS$64.4b20.8x31.5x5.8x
Sun, 05 Mar 2023US$1.9tUS$349.1bUS$68.9b20.5x28x5.5x
Tue, 31 Jan 2023US$1.8tUS$348.7bUS$70.3b17.9x25x5x
Thu, 29 Dec 2022US$1.5tUS$355.0bUS$75.8b16.5x19.6x4.2x
Price to Earnings Ratio

19.6x


Total Market Cap: US$1.5tTotal Earnings: US$75.8bTotal Revenue: US$355.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 56.9x202320242025
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 50.3x which is lower than its 3-year average PE of 56.8x.
  • The 3-year average PS ratio of 11.0x is lower than the industry's current PS ratio of 14.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.26%
Tech1.47%
Semiconductors1.70%
Semiconductors1.76%
Semiconductor Equipment1.04%
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$180.992.7%
+US$114.2b		29.6%PE44.3x
MU Micron TechnologyUS$265.9212.0%
+US$32.7b		196.4%PE25.1x
AMD Advanced Micro DevicesUS$213.432.8%
+US$9.5b		71.3%PE111x
AVGO BroadcomUS$340.360.2%
+US$9.0b		46.5%PE69.8x
ALAB Astera LabsUS$164.4014.4%
+US$3.5b		21.3%PE139.6x

Latest News

INTC
US$36.82
Intel
7D
-1.8%
1Y
82.3%

INTC: Foundry And AI Execution Will Drive Confidence In Turnaround Narrative

Analysts have lifted their Intel fair value estimate to about $52 from roughly $27, reflecting improving execution, early but encouraging foundry progress, and a clearer AI strategy, even as they continue to flag rich valuation and execution risk. Analyst Commentary Recent Street research reflects a more constructive, but still guarded, view on Intel as bullish analysts acknowledge improving execution and a clearer AI and foundry strategy.
ADI
US$274.44
Analog Devices
7D
-2.1%
1Y
27.7%
AVGO
US$340.36
Broadcom
7D
0.2%
1Y
46.5%
MU
US$265.92
Micron Technology
7D
12.0%
1Y
196.4%
NVDA
US$180.99
NVIDIA
7D
2.7%
1Y
29.6%
AMD
US$213.43
Advanced Micro Devices
7D
2.8%
1Y
71.3%

AMD: OpenAI Data Center Pact Will Drive Long-Term AI Upside

The analyst fair value estimate for Advanced Micro Devices has risen sharply from $230.00 to approximately $362.15, as analysts increase long-term revenue growth and margin assumptions based on large multiyear AI accelerator and rack-scale system opportunities highlighted in recent Street research. Analyst Commentary Bullish analysts are broadly constructive on AMD's positioning in the accelerating AI infrastructure cycle, with recent notes emphasizing both the magnitude and duration of the company’s growth runway.
ALAB
US$164.40
Astera Labs
7D
14.4%
1Y
21.3%
QCOM
US$175.25
QUALCOMM
7D
-2.2%
1Y
10.7%
MPWR
US$937.11
Monolithic Power Systems
7D
-1.3%
1Y
51.8%
CRDO
US$150.13
Credo Technology Group Holding
7D
5.7%
1Y
117.8%

CRDO: Future Returns Will Depend On Expanding AI Datacenter Connectivity

Analysts have nudged their average price target on Credo Technology Group Holding higher to about $214 from roughly $163, citing stronger expected revenue growth, improving profit margins and sustained AI related demand that supports premium yet slightly compressed forward valuation multiples. Analyst Commentary Recent research updates underscore a broadly constructive stance on Credo Technology, with multiple bullish analysts lifting price targets while framing the stock as a key beneficiary of structural AI and data center connectivity trends.
NXPI
US$226.27
NXP Semiconductors
7D
-2.4%
1Y
5.7%

NXPI: Future Returns Will Depend On New Battery Management Chipset And Buybacks

Analysts have raised their price target on NXP Semiconductors from approximately $174 to about $213 per share, citing sharply higher expected revenue growth and slightly stronger profit margins that more than offset a modestly higher discount rate and a marginally lower assumed future P/E multiple. What's in the News Introduced a new Electrochemical Impedance Spectroscopy battery management chipset that embeds EIS directly in hardware to improve EV and energy storage safety, longevity, and performance, with full solution availability targeted for early 2026 (company announcement) New BMS chipset integrates three units: the BMA7418 cell sensing device, BMA6402 gateway, and BMA8420 battery junction box controller, enabling nanosecond-level synchronization and high-frequency battery monitoring without extra sensors (company announcement) Updated fourth quarter 2025 guidance, forecasting revenue of $3.2 billion to $3.4 billion, GAAP operating income of $878 million to $1.006 billion, and diluted GAAP EPS of $2.40 to $2.81 (company guidance) Completed a share repurchase tranche of 670,245 shares for $150 million, bringing total buybacks under the January 31, 2022 program to 10,645,664 shares, or 4.17 percent of shares, for $2.35 billion (company filing) Announced a multi-year collaboration with eInfochips, which will distribute software and provide support for NXP's S32 microcontroller and microprocessor families to help customers accelerate application development (company announcement) Valuation Changes Fair Value Estimate has risen significantly from approximately $174.04 to about $212.84 per share.
TXN
US$176.29
Texas Instruments
7D
-0.9%
1Y
-7.3%

TXN: Inventory Discipline And Shifting Tariff Landscape Will Shape Cyclical Recovery Path

Analysts have trimmed their blended price target on Texas Instruments by less than $1 to approximately $189. This reflects slightly lower margin expectations and a slower than typical early-cycle recovery, even as revenue growth assumptions edge modestly higher.
FSLR
US$266.98
First Solar
7D
4.3%
1Y
43.3%

FSLR: Elevated Pricing Power Will Face Policy And Tariff Headwinds

We are lifting our First Solar fair value estimate to $199 from $142, reflecting analysts' broad price target increases into the mid $200s to $300 range, as they highlight the company's structurally advantaged U.S. manufacturing footprint, durable pricing power, and policy driven tailwinds, despite near term supply and tariff headwinds. Analyst Commentary Recent Street research reflects a broadly constructive stance on First Solar, with multiple firms lifting price targets into the mid $200s and even approaching $300.
ARM
US$114.03
Arm Holdings
7D
-8.3%
1Y
-10.1%

ARM Risks Mount As AI-Driven Royalties May Not Justify Premium Multiple

We raise our fair value estimate for Arm Holdings to approximately $99 per share from about $86, reflecting analysts' higher price targets driven by solid earnings beats, accelerating licensing and AI related royalty growth, and improved long term revenue and multiple assumptions, despite a modestly higher discount rate and slightly lower profit margin outlook. Analyst Commentary Recent Street research on Arm reflects a generally constructive outlook on earnings power and artificial intelligence related optionality, but it also highlights areas of caution that could pressure the stock's premium valuation if execution falters.
MCHP
US$64.91
Microchip Technology
7D
-3.4%
1Y
12.2%

MCHP: 2026 Demand Recovery Will Offset Near-Term Guidance Weakness And Policy Uncertainty

Our updated narrative price target for Microchip Technology edges up to $73.92 from $73.64, as analysts balance recent target cuts and cautious near term guidance against expectations for a gradual demand recovery and resilient long term earnings power. Analyst Commentary Analysts remain divided on Microchip Technology, with recent target cuts reflecting near term execution risk even as longer term recovery expectations underpin valuation support.
PI
US$173.18
Impinj
7D
13.0%
1Y
18.5%

PI: Expanded Office Lease Will Support Long-Term RAIN RFID Ecosystem Demand

Analysts have modestly raised their price target on Impinj to approximately 241.11 dollars, citing slightly lower discount rate assumptions that marginally increase the stock's implied fair value. What's in the News Impinj unveiled new Gen2X innovations at its 2025 Gen2X Solutions Developers Conference, introducing capabilities that inhibit counterfeit tags and items, reduce stray tag reads, and help readers focus on tags of interest in retail and industrial environments (Key Developments).