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

U.S. Semiconductors Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies92
  • 7D2.3%
  • 3M6.6%
  • 1Y52.8%
  • YTDn/a

The Semiconductors industry is up 2.3% in the last week, with NVIDIA up 2.0%. This takes the industry's 12 month performance to a gain of 53%. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026US$6.1tUS$687.1bUS$270.6b46.8x22.6x8.9x
Mon, 22 Jun 2026US$7.0tUS$653.6bUS$243.4b64.4x28.9x10.8x
Wed, 20 May 2026US$5.7tUS$607.3bUS$199.0b57.7x28.8x9.4x
Fri, 17 Apr 2026US$9.2tUS$600.0bUS$194.8b42.3x47.5x15.4x
Sun, 15 Mar 2026US$8.0tUS$584.1bUS$182.7b42.2x43.7x13.7x
Tue, 10 Feb 2026US$8.4tUS$549.2bUS$158.2b45.4x53x15.3x
Thu, 08 Jan 2026US$8.3tUS$544.9bUS$157.3b38.9x52.5x15.2x
Sat, 06 Dec 2025US$8.2tUS$535.9bUS$149.7b38x54.7x15.3x
Mon, 03 Nov 2025US$8.7tUS$510.6bUS$139.9b41.5x61.9x17x
Wed, 01 Oct 2025US$7.8tUS$508.0bUS$120.6b41.2x64.4x15.3x
Fri, 29 Aug 2025US$7.4tUS$500.6bUS$112.3b38.1x65.7x14.7x
Sun, 27 Jul 2025US$7.1tUS$479.9bUS$101.5b30.9x70.1x14.8x
Tue, 24 Jun 2025US$6.2tUS$476.8bUS$101.3b30.2x60.8x12.9x
Thu, 22 May 2025US$5.6tUS$454.9bUS$93.8b24.7x60.1x12.4x
Sat, 19 Apr 2025US$4.3tUS$452.5bUS$94.7b18.4x45.8x9.6x
Mon, 17 Mar 2025US$5.2tUS$452.4bUS$93.9b28.9x55.1x11.4x
Wed, 12 Feb 2025US$5.8tUS$430.4bUS$79.6b25.8x72.6x13.4x
Fri, 10 Jan 2025US$5.9tUS$430.3bUS$82.1b30.7x72.4x13.8x
Sun, 08 Dec 2024US$5.8tUS$421.6bUS$78.3b34.5x74x13.7x
Tue, 05 Nov 2024US$5.6tUS$405.2bUS$68.7b29.1x81.3x13.8x
Thu, 03 Oct 2024US$5.3tUS$406.8bUS$86.2b30.3x61.8x13.1x
Sat, 31 Aug 2024US$5.1tUS$399.6bUS$88.8b31.9x57.5x12.8x
Mon, 29 Jul 2024US$5.0tUS$384.1bUS$82.1b27.2x61.4x13.1x
Wed, 26 Jun 2024US$5.3tUS$382.1bUS$80.6b30.2x65.6x13.8x
Fri, 24 May 2024US$4.6tUS$379.8bUS$81.8b30.6x56.5x12.2x
Sun, 21 Apr 2024US$3.8tUS$363.0bUS$67.4b22.6x56.4x10.5x
Tue, 19 Mar 2024US$4.3tUS$361.5bUS$64.0b27.7x67.3x11.9x
Thu, 15 Feb 2024US$3.8tUS$343.3bUS$56.3b28.8x68.2x11.2x
Sat, 13 Jan 2024US$3.3tUS$343.1bUS$53.6b29.1x60.6x9.5x
Mon, 11 Dec 2023US$2.9tUS$342.5bUS$54.7b25.9x52.3x8.3x
Wed, 08 Nov 2023US$2.7tUS$331.0bUS$47.0b26.6x56.4x8x
Fri, 06 Oct 2023US$2.6tUS$334.3bUS$48.8b24.5x53.2x7.8x
Sun, 03 Sep 2023US$2.7tUS$334.3bUS$51.8b26x52.8x8.2x
Tue, 01 Aug 2023US$2.8tUS$330.3bUS$48.7b25.1x57.2x8.4x
Price to Earnings Ratio

57.2x


Total Market Cap: US$2.8tTotal Earnings: US$48.7bTotal Revenue: US$330.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.2x202420252026
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 22.6x which is lower than its 3-year average PE of 58.2x.
  • The 3-year average PS ratio of 12.5x is higher than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 77% per year over the last three years.
  • Revenues for these companies have grown 28% 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-1.06%
Tech0.11%
Semiconductors2.03%
Semiconductors2.34%
Semiconductor Equipment-0.45%
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$206.842.0%
+US$97.6b		19.2%PE31.4x
MU Micron TechnologyUS$920.958.5%
+US$81.3b		727.7%PE20.6x
AVGO BroadcomUS$381.923.0%
+US$52.8b		31.6%PE62x
AMD Advanced Micro DevicesUS$521.955.3%
+US$42.7b		213.5%PE172.6x
CBRS Cerebras SystemsUS$199.1215.2%
+US$5.9b		n/aPE461.5x

Latest News

MPWR
US$1,333.81
Monolithic Power Systems
7D
1.7%
1Y
86.6%
Seeking Alpha • 7h

Monolithic Power Systems: AI's Power-Density Bottleneck Makes The Premium Worth Paying

Summary Monolithic Power Systems is evolving into a rack-level power-management leader for AI-accelerator applications, not just a high-end analog chip supplier. MPWR's Buy rating is justified by a robust Enterprise Data backlog, optics adoption, and a credible path to earnings above consensus, supporting a $1,650 fair value. 2026 revenue is projected at $3.71 billion, driven by at least 85% Enterprise Data growth and 40% Communications growth, with operating margins near 37%. Key risks include inventory buildup, customer concentration, geopolitical exposure, and unresolved internal-control weaknesses, which could pressure margins or valuation. Read the full article on Seeking Alpha
MCHP
US$78.86
Microchip Technology
7D
-2.6%
1Y
13.9%
TXN
US$279.58
Texas Instruments
7D
-1.6%
1Y
51.1%
CBRS
US$199.12
Cerebras Systems
7D
15.2%
1Y
n/a
AMD
US$521.95
Advanced Micro Devices
7D
5.3%
1Y
213.5%
INTC
US$92.32
Intel
7D
-2.9%
1Y
346.0%
NVDA
US$206.84
NVIDIA
7D
2.0%
1Y
19.2%
ADI
US$371.86
Analog Devices
7D
-0.9%
1Y
63.2%
MU
US$920.95
Micron Technology
7D
8.5%
1Y
727.7%
MRVL
US$194.23
Marvell Technology
7D
2.9%
1Y
161.7%
Narrative Update • Jul 23

MRVL: AI Data Center Networking Will Drive Future Upside

The analyst fair value estimate for Marvell Technology has moved from $118.93 to $254.41 as analysts factor in higher modeled revenue growth, stronger profit margins, and a richer future P/E multiple supported by increasing AI data center demand and a series of higher Street price targets, even as some highlight customer concentration risks and an already premium valuation. Analyst Commentary Recent Street research on Marvell Technology clusters around a common theme, with bullish analysts pointing to AI data center exposure, optical interconnect strength, and custom silicon programs as key growth drivers, while more cautious voices flag concentrated customer exposure, premium valuation, and longer term visibility as the main watchpoints.
AVGO
US$381.92
Broadcom
7D
3.0%
1Y
31.6%
Seeking Alpha • Jul 23

Broadcom Might Be Flying Too Close To The Sun

Summary Broadcom's current valuation requires exceptionally high growth for many years, leaving little margin for error and making the stock vulnerable to even modest disappointments. Increasing signs of slowing AI infrastructure investment—including delayed data center projects, more cautious enterprise AI spending, and potential excess computing capacity—could weigh on semiconductor demand. Despite strong recent financial results, the combination of elevated valuation and mounting industry risks leads to a continued bearish outlook, with the stock remaining a Sell. Read the full article on Seeking Alpha
QCOM
US$166.97
QUALCOMM
7D
-2.8%
1Y
5.4%
Narrative Update • Jul 22

QCOM: AI Data Center Expansion Will Rebalance Handset And Index Headwinds

The updated analyst price target for Qualcomm rises from $168.50 to $221.23. Analysts point to higher modeled revenue growth, a richer future P/E assumption around AI data center and non-handset opportunities, and a slightly higher discount rate that reflects execution and competitive risks highlighted across recent research.
ALAB
US$291.58
Astera Labs
7D
-4.0%
1Y
138.6%
CRDO
US$213.15
Credo Technology Group Holding
7D
5.2%
1Y
110.6%
Seeking Alpha • Jul 20

Credo: Tracking The Critical Revenue Pivot From Copper To Optical Networking

Summary Credo Technology is positioned to benefit from neocloud compute capacity infrastructure expansions, with hyperscalers driving significant upward revisions in consensus revenue estimates. The market for optical devices is projected to remain very tight through to late 2027. This makes a case for gross profit margin expansions via favorable pricing. Tracking CRDO's revenue mix transition from copper AEC connections to high-speed 1.6T optics is critical, as I view this as the driving narrative for the stock. CRDO trades at a 23% discount to its optical sector peers on a 1-yr fwd PE basis, representing an attractive relative valuation. Technical analysis indicates the stock is printing a potential failed breakout, suggesting price action is more likely to remain bound within its monthly trading range. Read the full article on Seeking Alpha
GFS
US$53.53
GLOBALFOUNDRIES
7D
-6.9%
1Y
33.9%
ARM
US$260.01
Arm Holdings
7D
-2.7%
1Y
59.3%
New Narrative • Jul 15

The Architecture Layer of AI Computing - But Priced Like the Future Already Arrived?

Rating: High-quality hold / speculative buy on pullbacks Style: Semiconductor IP compounder with AI data-center optionality Core debate: Is Arm becoming the central architecture layer for the AI computing era, or has the market already priced in the full success of its move from neutral IP licensor to direct AI CPU vendor? Executive View Arm is one of the highest-quality business models in semiconductors.