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U.S. Semiconductors Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies91
  • 7D-1.5%
  • 3M3.4%
  • 1Y38.3%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 3.0%, driven by NVIDIA declining 3.0%. On the other hand Micron Technology is actually up 10%. In the past year, the industry has gained 38%. 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
Wed, 18 Feb 2026US$8.2tUS$549.3bUS$158.9b45.3x51.5x14.9x
Fri, 16 Jan 2026US$8.2tUS$544.9bUS$157.3b40.7x52.4x15.1x
Sun, 14 Dec 2025US$7.9tUS$539.9bUS$154.0b36.6x51x14.5x
Tue, 11 Nov 2025US$8.4tUS$514.5bUS$134.6b33.7x62.4x16.3x
Thu, 09 Oct 2025US$7.9tUS$508.0bUS$121.0b41.5x65.5x15.6x
Sat, 06 Sep 2025US$7.1tUS$504.4bUS$118.3b36x60.3x14.2x
Mon, 04 Aug 2025US$7.1tUS$481.2bUS$102.0b33x69.3x14.7x
Wed, 02 Jul 2025US$6.6tUS$479.4bUS$102.8b29.6x64.6x13.9x
Fri, 30 May 2025US$5.8tUS$473.4bUS$98.0b28.3x59.5x12.3x
Sun, 27 Apr 2025US$4.8tUS$452.9bUS$94.3b19.8x50.7x10.6x
Tue, 25 Mar 2025US$5.1tUS$454.6bUS$94.7b23.2x53.6x11.2x
Thu, 20 Feb 2025US$5.9tUS$430.4bUS$79.6b27.4x74.5x13.8x
Sat, 18 Jan 2025US$5.9tUS$430.3bUS$82.1b31.2x71.7x13.7x
Mon, 16 Dec 2024US$5.8tUS$426.3bUS$79.0b33.7x73.5x13.6x
Wed, 13 Nov 2024US$5.9tUS$405.3bUS$69.3b32.4x85.2x14.6x
Fri, 11 Oct 2024US$5.7tUS$406.7bUS$86.2b30.3x65.9x14x
Sun, 08 Sep 2024US$4.5tUS$402.9bUS$83.9b28.1x53.9x11.2x
Tue, 06 Aug 2024US$4.7tUS$384.9bUS$78.9b26.4x59.1x12.1x
Thu, 04 Jul 2024US$5.6tUS$385.2bUS$82.8b30.8x68.2x14.7x
Sat, 01 Jun 2024US$4.9tUS$379.8bUS$81.8b30.2x60.3x13x
Mon, 29 Apr 2024US$4.3tUS$363.0bUS$69.1b26.7x61.7x11.7x
Wed, 27 Mar 2024US$4.5tUS$363.7bUS$67.0b25.5x67x12.3x
Fri, 23 Feb 2024US$3.7tUS$358.6bUS$66.6b29.5x55.7x10.4x
Sun, 21 Jan 2024US$3.5tUS$343.1bUS$53.6b30.9x65.1x10.2x
Tue, 19 Dec 2023US$3.1tUS$342.6bUS$54.7b27.4x57.4x9.2x
Thu, 16 Nov 2023US$2.9tUS$330.5bUS$46.6b26.6x61.1x8.6x
Sat, 14 Oct 2023US$2.6tUS$334.0bUS$48.9b25.3x54x7.9x
Mon, 11 Sep 2023US$2.6tUS$334.1bUS$51.8b25.5x50.7x7.9x
Wed, 09 Aug 2023US$2.7tUS$325.7bUS$46.2b24.4x57.6x8.2x
Fri, 07 Jul 2023US$2.6tUS$333.0bUS$47.2b25.1x54.1x7.7x
Sun, 04 Jun 2023US$2.5tUS$338.2bUS$51.8b24.9x47.6x7.3x
Tue, 02 May 2023US$2.0tUS$341.8bUS$53.1b20.2x38.3x6x
Thu, 30 Mar 2023US$2.1tUS$351.8bUS$69.1b18.8x29.8x5.9x
Sat, 25 Feb 2023US$1.9tUS$347.6bUS$67.6b20x27.5x5.3x
Price to Earnings Ratio

27.5x


Total Market Cap: US$1.9tTotal Earnings: US$67.6bTotal Revenue: US$347.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.4x202420252026
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 51.5x which is lower than its 3-year average PE of 58.4x.
  • The 3-year average PS ratio of 11.5x is lower than the industry's current PS ratio of 14.9x.
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 16% 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-1.58%
Tech-2.59%
Semiconductors-0.94%
Semiconductors-1.48%
Semiconductor Equipment3.88%
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
MU Micron TechnologyUS$399.787.1%
+US$29.9b		274.4%PE37.8x
ADI Analog DevicesUS$337.513.8%
+US$6.0b		53.3%PE72.7x
GFS GlobalFoundriesUS$48.2215.1%
+US$3.5b		4.8%PE30.3x
ON ON SemiconductorUS$71.966.8%
+US$1.8b		38.5%PE234.3x
QCOM QUALCOMMUS$142.631.1%
+US$1.7b		-18.6%PE28.4x

Latest News

ADI
US$337.51
Analog Devices
7D
3.8%
1Y
53.3%
GFS
US$48.22
GlobalFoundries
7D
15.1%
1Y
4.8%
ALAB
US$123.69
Astera Labs
7D
-32.4%
1Y
32.6%

ALAB: AI Infrastructure Ramps And Hyperscaler Ties Will Drive Future Upside

Astera Labs' analyst fair value estimate has moved from $209.88 to $249.30 as analysts factor in higher modeled revenue growth, a lower assumed future P/E multiple, and a wide range of recent price target changes across major banks. Analyst Commentary Recent Street research shows a split tape on Astera Labs, with some high profile firms trimming targets while others lean into a more upbeat view.
INTC
US$46.18
Intel
7D
-4.4%
1Y
79.5%

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.
MU
US$399.78
Micron Technology
7D
7.1%
1Y
274.4%

MU: AI Memory Hype Will Eventually Collide With Rising DRAM Capacity

Micron Technology's fair value estimate has been revised higher from $176.14 to $214.08 as analysts factor in stronger assumptions for revenue growth, profit margins and future P/E. This revision is supported by a broad wave of higher Street price targets tied to tight memory supply and rising AI driven demand.
ON
US$71.96
ON Semiconductor
7D
6.8%
1Y
38.5%
MCHP
US$78.94
Microchip Technology
7D
2.7%
1Y
36.4%
AMD
US$203.08
Advanced Micro Devices
7D
-4.9%
1Y
77.7%
MRVL
US$79.01
Marvell Technology
7D
-3.7%
1Y
-26.4%
NXPI
US$245.09
NXP Semiconductors
7D
-1.9%
1Y
-0.2%
QCOM
US$142.63
QUALCOMM
7D
1.1%
1Y
-18.6%
CRDO
US$124.80
Credo Technology Group Holding
7D
-7.4%
1Y
65.9%
MTSI
US$245.59
MACOM Technology Solutions Holdings
7D
6.5%
1Y
97.2%

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.
NVDA
US$184.97
NVIDIA
7D
-1.9%
1Y
32.7%

NVDA: AI Infrastructure Demand And Partnerships Will Sustain Market Leadership

Analysts nudged their fair value estimate for Nvidia higher from US$326.00 to about US$334.78, as they factor in expectations for stronger profit margins, a higher future P/E and recent research that highlights Nvidia's AI leadership, data center demand and supportive partner deals such as the CoreWeave agreement. Analyst Commentary Recent Street research around Nvidia has been broadly constructive, with many bullish analysts adjusting their models after company updates, product news and partner commentary.
ARM
US$126.89
Arm Holdings
7D
0.7%
1Y
-20.9%

ARM: AI Licensing And Physical AI Will Drive Future Upside Potential

The analyst price target for Arm Holdings has been revised lower by $14.99, as analysts factor in slightly softer revenue growth assumptions, a lower future P/E multiple of 82.61, and updated views from recent research that temper earlier optimism around the shares. Analyst Commentary Recent research on Arm Holdings points to a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess growth assumptions, valuation, and execution risk.
AVGO
US$332.54
Broadcom
7D
-2.3%
1Y
45.5%

AVGO: AI Custom Silicon Demand Will Shape Future Earnings Power

Analysts have lifted their Broadcom fair value estimate from US$415.56 to US$535.00, citing stronger AI related revenue assumptions, slightly leaner profit margins, and a lower future P/E expectation as they recalibrate forecasts alongside a series of recent upgrades and higher price targets across the semiconductor group. Analyst Commentary Recent Street research around Broadcom has leaned constructive, with several firms revising price targets, initiating coverage, or resuming opinions that highlight the company as a key beneficiary of AI related spending and custom silicon demand.