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U.S. Semiconductors Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies91
  • 7D-3.0%
  • 3M-8.6%
  • 1Y59.8%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 3.0%, driven by a pullback from NVIDIA of 3.0%. Meanwhile, Arm Holdings actually outperformed within the industry, gaining 8.9% in the last week. Over the past 12 months, the industry was up 60%. 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
Sat, 28 Mar 2026US$7.6tUS$599.7bUS$194.7b34.4x39.1x12.7x
Mon, 23 Feb 2026US$8.4tUS$550.1bUS$159.4b46.5x52.7x15.3x
Wed, 21 Jan 2026US$8.0tUS$545.0bUS$157.3b40.3x51.1x14.7x
Fri, 19 Dec 2025US$7.5tUS$544.8bUS$157.4b36.1x47.7x13.8x
Sun, 16 Nov 2025US$8.1tUS$514.5bUS$134.3b34.8x60.5x15.8x
Tue, 14 Oct 2025US$7.8tUS$508.0bUS$121.0b40.4x64.2x15.3x
Thu, 11 Sep 2025US$7.5tUS$504.4bUS$118.3b38.3x63x14.8x
Sat, 09 Aug 2025US$7.4tUS$483.1bUS$102.0b33.9x72.3x15.3x
Mon, 07 Jul 2025US$6.7tUS$479.4bUS$102.8b30.9x65.3x14x
Wed, 04 Jun 2025US$5.9tUS$474.3bUS$98.4b28.6x60x12.5x
Fri, 02 May 2025US$4.7tUS$452.9bUS$94.4b19.5x49.9x10.4x
Sun, 30 Mar 2025US$4.7tUS$452.5bUS$94.7b21.2x49.6x10.4x
Tue, 25 Feb 2025US$5.8tUS$430.4bUS$79.5b25.5x72.5x13.4x
Thu, 23 Jan 2025US$6.1tUS$430.4bUS$82.1b31.5x73.9x14.1x
Sat, 21 Dec 2024US$5.6tUS$430.3bUS$82.1b30.5x68x13x
Mon, 18 Nov 2024US$5.7tUS$405.1bUS$68.8b30.9x82.4x14x
Wed, 16 Oct 2024US$5.6tUS$406.6bUS$86.2b29.5x64.7x13.7x
Fri, 13 Sep 2024US$5.1tUS$402.8bUS$83.9b29.2x60.4x12.6x
Sun, 11 Aug 2024US$4.6tUS$384.6bUS$79.1b29.6x58.7x12.1x
Tue, 09 Jul 2024US$5.7tUS$385.2bUS$82.8b31.2x68.4x14.7x
Thu, 06 Jun 2024US$5.1tUS$378.4bUS$81.9b30.3x62x13.4x
Sat, 04 May 2024US$4.2tUS$363.6bUS$70.1b26.9x60.3x11.6x
Mon, 01 Apr 2024US$4.4tUS$362.8bUS$67.5b26.4x65.8x12.2x
Wed, 28 Feb 2024US$4.1tUS$358.6bUS$66.6b29.3x61.2x11.4x
Fri, 26 Jan 2024US$3.6tUS$342.5bUS$53.1b31.7x68x10.5x
Sun, 24 Dec 2023US$3.1tUS$343.3bUS$53.6b30.8x58.7x9.2x
Tue, 21 Nov 2023US$2.9tUS$330.5bUS$46.6b25.6x61.8x8.7x
Thu, 19 Oct 2023US$2.6tUS$334.0bUS$48.9b24.9x52.3x7.6x
Sat, 16 Sep 2023US$2.7tUS$336.9bUS$51.7b26.1x52.1x8x
Mon, 14 Aug 2023US$2.5tUS$325.7bUS$45.9b23.7x54.6x7.7x
Wed, 12 Jul 2023US$2.6tUS$333.0bUS$47.2b25.2x55.2x7.8x
Fri, 09 Jun 2023US$2.4tUS$338.2bUS$51.8b24.8x47.3x7.2x
Sun, 07 May 2023US$2.0tUS$338.8bUS$50.4b22.5x40x6x
Tue, 04 Apr 2023US$2.1tUS$347.7bUS$64.4b21.9x32.6x6.1x
Price to Earnings Ratio

32.6x


Total Market Cap: US$2.1tTotal Earnings: US$64.4bTotal Revenue: US$347.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 59x202420252026
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 39.1x which is lower than its 3-year average PE of 59.0x.
  • The industry is trading close to its 3-year average PS ratio of 11.8x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 20% 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-1.92%
Tech-3.49%
Semiconductors-3.18%
Semiconductors-3.00%
Semiconductor Equipment-4.61%
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
ARM Arm HoldingsUS$144.138.9%
+US$12.5b		33.7%PE191.1x
MRVL Marvell TechnologyUS$94.887.9%
+US$6.1b		52.9%PE31.1x
TXN Texas InstrumentsUS$190.331.7%
+US$2.9b		7.9%PE34.8x
AMD Advanced Micro DevicesUS$201.990.3%
+US$1.1b		95.7%PE77.1x
TSEM Tower SemiconductorUS$171.925.1%
+US$932.9m		385.2%PE87.8x

Latest News

AVGO
US$300.68
Broadcom
7D
-3.2%
1Y
77.8%
CRDO
US$95.24
Credo Technology Group Holding
7D
-7.9%
1Y
135.1%
TSEM
US$171.92
Tower Semiconductor
7D
5.1%
1Y
385.2%

Future Silicon Photonics Demand And Heavy Capex Will Likely Pressure Margins

Catalysts About Tower Semiconductor Tower Semiconductor operates analog focused foundries that manufacture power management, RF, imaging and silicon photonics chips for customers across communications, computing, automotive and industrial end markets. What are the underlying business or industry changes driving this perspective?
ARM
US$144.13
Arm Holdings
7D
8.9%
1Y
33.7%
NVDA
US$167.52
NVIDIA
7D
-3.0%
1Y
52.7%
AMD
US$201.99
Advanced Micro Devices
7D
0.3%
1Y
95.7%
MU
US$357.22
Micron Technology
7D
-15.5%
1Y
303.9%

We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Mar 26
We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings
MTSI
US$225.44
MACOM Technology Solutions Holdings
7D
3.0%
1Y
128.9%

MTSI: Future Returns Will Balance Rich P E Support And Execution Uncertainty

Analysts have raised their price targets on MACOM Technology Solutions Holdings over a wide range, from about $20 to $100. They cite updated views on the company that are now incorporated into a slightly refined discount rate and future P/E assumptions in the valuation model.
TXN
US$190.33
Texas Instruments
7D
1.7%
1Y
7.9%
MPWR
US$1,053.01
Monolithic Power Systems
7D
-1.5%
1Y
81.6%
CRUS
US$143.39
Cirrus Logic
7D
5.4%
1Y
44.1%

CRUS: Handset Concentration And Rich Future P E Will Pressure Shares

Cirrus Logic's analyst price target has shifted from $110 to $120, reflecting updated assumptions on discount rate, revenue growth, profit margin, and future P/E as analysts reassess the handset related semiconductor outlook. Analyst Commentary Recent Street research on Cirrus Logic shows a mixed setup, with some firms lifting price targets after updating handset related assumptions while others turn more cautious on the shares.
ADI
US$307.44
Analog Devices
7D
-0.6%
1Y
52.5%

ADI: Data Center And AI Upswing Will Drive Multi Year Earnings Repricing

Analog Devices' analyst price target has been revised from $375 to $430, as analysts point to broad-based target increases across the Street following recent earnings beats, stronger margins, and ongoing benefits from data center, AI, and industrial recovery themes. Analyst Commentary Bullish analysts are clustering around higher price targets for Analog Devices, with many moving into a US$360 to US$430 range after recent quarterly updates.
MRVL
US$94.88
Marvell Technology
7D
7.9%
1Y
52.9%

MRVL: AI Data Center And Optics Momentum Will Offset XPU Sustainability Risks

Marvell Technology's updated fair value estimate moved from $90.00 to about $85.78, as analysts adjusted their models to reflect higher projected revenue growth and profit margins, alongside a lower future P/E multiple. This revision is supported by recent price target updates that cite stronger data center momentum, AI driven custom compute and optics demand, and new partnerships such as the Mojo Vision micro-LED collaboration.
QCOM
US$127.11
QUALCOMM
7D
-2.1%
1Y
-16.8%

QCOM: AI Inference And Diversification Will Offset Handset And Apple Headwinds

QUALCOMM's analyst fair value estimate has been reset from about $193 to about $157 as analysts factor in a slightly higher discount rate, more cautious profit margin expectations, and recent downgrades citing share loss in a shrinking handset market and the expected roll off of Apple business. Analyst Commentary Recent Street research around QUALCOMM is mixed, with a cluster of cautious calls focused on handset exposure and Apple concentration, and a smaller group of more optimistic views pointing to diversification and new revenue pools.
LSCC
US$90.39
Lattice Semiconductor
7D
2.0%
1Y
63.5%

LSCC: AI Edge And Industrial Auto Demand Will Support Future Upside

Lattice Semiconductor's updated analyst price target has moved from $81.23 to $114.71, as analysts point to higher modeled revenue growth and a richer future P/E assumption that more than offset slightly lower profit margin expectations. Analyst Commentary Recent Street research around Lattice Semiconductor has centered on higher price targets and generally positive initiation views, with analysts updating their models around revenue expectations, P/E assumptions, and execution in key end markets.
INTC
US$43.13
Intel
7D
-1.7%
1Y
89.9%

Intel Corp (INTC): The 18A Node Pivot and the "Foundry First" Transformation

Intel (INTC) concluded the March 16, 2026, trading session at $45.74 USD on the NASDAQ, ending the day with a 0.30% gain amid a volatile session that saw an intraday high of $49.17. Since your last update on March 1st, the stock has experienced significant "choppiness" as investors digest the launch of the Core Ultra 200S Plus series and wait for supply constraints to ease.