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U.S. Semiconductors Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies91
  • 7D1.8%
  • 3M4.8%
  • 1Y52.9%
  • YTDn/a

In the last week, the Semiconductors industry is up 2.4%, with NVIDIA up 3.8%. In the same time, Intel was down 5.7%. This means that the industry has gained 45% over the past year. 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
Tue, 24 Feb 2026US$8.4tUS$550.1bUS$159.4b44.6x52.9x15.3x
Thu, 22 Jan 2026US$8.2tUS$544.9bUS$157.3b42.1x52.1x15x
Sat, 20 Dec 2025US$7.6tUS$544.8bUS$157.4b36.3x48.6x14x
Mon, 17 Nov 2025US$8.1tUS$514.5bUS$134.3b34.8x60.5x15.8x
Wed, 15 Oct 2025US$7.9tUS$507.9bUS$121.0b40.5x65.4x15.6x
Fri, 12 Sep 2025US$7.7tUS$504.4bUS$118.3b39.6x64.7x15.2x
Sun, 10 Aug 2025US$7.4tUS$483.1bUS$102.0b33.9x72.5x15.3x
Tue, 08 Jul 2025US$6.7tUS$479.3bUS$102.8b30x65.3x14x
Thu, 05 Jun 2025US$6.0tUS$474.3bUS$98.4b28.4x60.8x12.6x
Sat, 03 May 2025US$4.9tUS$453.1bUS$94.5b20x51.6x10.8x
Mon, 31 Mar 2025US$4.7tUS$452.5bUS$94.7b21.2x49.6x10.4x
Wed, 26 Feb 2025US$5.6tUS$430.4bUS$79.5b24.9x70.2x13x
Fri, 24 Jan 2025US$6.3tUS$430.4bUS$82.1b30.6x76.3x14.6x
Sun, 22 Dec 2024US$5.7tUS$430.3bUS$82.1b30.5x69.6x13.3x
Tue, 19 Nov 2024US$5.7tUS$405.1bUS$68.8b31.7x82.4x14x
Thu, 17 Oct 2024US$5.6tUS$406.6bUS$86.1b30.4x64.9x13.7x
Sat, 14 Sep 2024US$5.1tUS$402.9bUS$83.9b30x61.2x12.7x
Mon, 12 Aug 2024US$4.6tUS$384.6bUS$79.1b29.6x58.7x12.1x
Wed, 10 Jul 2024US$5.7tUS$385.2bUS$82.8b31x69x14.8x
Fri, 07 Jun 2024US$5.3tUS$378.4bUS$81.9b30.3x64.5x14x
Sun, 05 May 2024US$4.3tUS$363.6bUS$70.1b26.9x60.7x11.7x
Tue, 02 Apr 2024US$4.4tUS$362.8bUS$67.5b26.2x65.9x12.3x
Thu, 29 Feb 2024US$4.1tUS$358.7bUS$66.9b28x60.8x11.3x
Sat, 27 Jan 2024US$3.6tUS$343.9bUS$56.4b32x63.3x10.4x
Mon, 25 Dec 2023US$3.1tUS$343.3bUS$53.6b30.8x58.7x9.2x
Wed, 22 Nov 2023US$2.9tUS$330.5bUS$46.6b26.2x62.4x8.8x
Fri, 20 Oct 2023US$2.5tUS$334.0bUS$48.9b24.4x51.8x7.6x
Sun, 17 Sep 2023US$2.6tUS$336.9bUS$51.7b25.8x51x7.8x
Tue, 15 Aug 2023US$2.6tUS$321.7bUS$45.4b25.6x57.6x8.1x
Thu, 13 Jul 2023US$2.7tUS$333.1bUS$47.2b26x56.5x8x
Sat, 10 Jun 2023US$2.5tUS$338.2bUS$51.8b24.9x47.5x7.3x
Mon, 08 May 2023US$2.0tUS$338.8bUS$50.4b22.5x40x6x
Wed, 05 Apr 2023US$2.1tUS$347.7bUS$64.4b21x32.1x6x
Fri, 03 Mar 2023US$1.9tUS$347.8bUS$67.6b19.1x28x5.4x
Price to Earnings Ratio

28x


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 Market-0.35%
Tech-0.32%
Semiconductors1.93%
Semiconductors1.84%
Semiconductor Equipment2.78%
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$191.553.6%
+US$159.9b		51.3%PE46.9x
AVGO BroadcomUS$330.341.6%
+US$24.5b		58.9%PE67.7x
MU Micron TechnologyUS$420.972.3%
+US$10.5b		341.2%PE39.8x
ADI Analog DevicesUS$355.155.4%
+US$8.7b		49.9%PE64.1x
FSLR First SolarUS$242.157.3%
+US$1.8b		58.4%PE18.6x

Latest News

NVDA
US$191.55
NVIDIA
7D
3.6%
1Y
51.3%
ON
US$69.47
ON Semiconductor
7D
-3.8%
1Y
30.1%

ON: Buybacks And Automotive Partnerships Will Shape Fairly Balanced Prospects

Analysts have raised their price target for ON Semiconductor to $68.20 from $63.00, citing updated assumptions that include adjusted revenue growth, profit margin, discount rate, and forward P/E expectations. What's in the News ON Semiconductor completed a share repurchase of 2,900,000 shares, or 0.72% of shares, for US$175.6 million under the buyback announced on November 18, 2025.
ADI
US$355.15
Analog Devices
7D
5.4%
1Y
49.9%

ADI: Autos And AI Will Support A Disciplined Multi Year Cyclical Recovery

The updated analyst price target for Analog Devices has increased to $379.64 from $313.31. Analysts cite stronger modeled revenue growth, higher profit margins, and supportive trends in data center, AI, and cyclical recovery as key factors for the revised target.
MPWR
US$1,190.06
Monolithic Power Systems
7D
1.6%
1Y
82.3%

Monolithic Power Systems (MPWR) Powering the Hyperscale Era: The Efficiency Moat

Monolithic Power Systems (MPWR) is currently operating at the peak of its powers, with the stock trading at $1,204.10 as of the market close on February 20, 2026. The company recently capped off a stellar 2025, reporting record full-year revenue of $2.8 billion —a 26.4% year-over-year increase—driven primarily by its dominance in the AI data center space.
OLED
US$102.09
Universal Display
7D
-18.3%
1Y
-35.3%

OLED: IT Demand And 8.6 Gen Capacity Will Support Future Returns

Analysts have trimmed their average price target on Universal Display to about $154 from roughly $166, citing more muted assumptions for revenue growth and profit margins, even as they highlight potential long term demand from ramping IT OLED adoption, blue emitters, and added 8.6 gen capacity. Analyst Commentary Recent research has focused on how Universal Display’s setup around IT OLED demand, blue emitters, and added 8.6 gen capacity lines up with execution risks and current valuation after the latest round of target cuts.
ARM
US$123.78
Arm Holdings
7D
-1.2%
1Y
-11.9%

ARM: Physical AI And Robotics Expansion Will Drive Future Upside

Analysts have trimmed their blended $ fair value estimate for Arm by about $0.43, reflecting a small recalibration in growth, discount rate, and P/E assumptions after a wave of mixed price target cuts and rating upgrades that highlight both smartphone demand concerns and ongoing interest in the story. Analyst Commentary Recent Street research around Arm shows a split tape, with several firms cutting price targets while others are upgrading the stock or lifting their fair value views.
MU
US$420.97
Micron Technology
7D
2.3%
1Y
341.2%

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$330.34
Broadcom
7D
1.6%
1Y
58.9%

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.
CSIQ
US$20.70
Canadian Solar
7D
6.8%
1Y
91.8%

CSIQ: Battery Storage Expansion Will Shape Upside Despite FOEC Policy Risk

Analysts have maintained their $38.00 price target for Canadian Solar, noting slightly revised assumptions for discount rate, revenue growth, profit margin, and future P/E to reflect updated sector research. Analyst Commentary Bullish Takeaways Bullish analysts point to the reaffirmed $38.00 price target as a sign of confidence that updated assumptions on discount rate, revenue growth, profit margin, and future P/E still support the current valuation framework for Canadian Solar.
NXPI
US$231.16
NXP Semiconductors
7D
-5.4%
1Y
-0.9%

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$196.60
Advanced Micro Devices
7D
-5.2%
1Y
81.9%

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$46.16
GlobalFoundries
7D
-5.8%
1Y
11.2%
INTC
US$43.63
Intel
7D
-6.8%
1Y
79.8%

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$219.86
Texas Instruments
7D
-2.8%
1Y
9.5%

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.
MTSI
US$245.53
MACOM Technology Solutions Holdings
7D
0.6%
1Y
105.9%

MTSI: Future Returns Will Reflect Margin Resilience And Repriced Earnings Expectations

Analysts have lifted their fair value estimate for MACOM Technology Solutions Holdings by about $48.60 per share, reflecting revised assumptions for revenue, profit margins and future P/E multiples supported by a series of recent price target increases across the Street. Analyst Commentary Recent Street research points to a cluster of higher price targets for MACOM Technology Solutions Holdings, with multiple firms revising their models at roughly the same time.
FSLR
US$242.15
First Solar
7D
7.3%
1Y
58.4%

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.