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U.S. Semiconductors Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies87
  • 7D-0.5%
  • 3M2.4%
  • 1Y41.8%
  • YTDn/a

Last week, the Semiconductors industry hasn't moved much but Micron Technology is up 9.4% in that time. As for the the longer term, the industry is up 42% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026US$8.2tUS$544.9bUS$157.3b39.8x52.1x15x
Wed, 10 Dec 2025US$8.4tUS$535.9bUS$149.7b37.1x56x15.7x
Fri, 07 Nov 2025US$8.4tUS$514.5bUS$134.7b37x62.5x16.4x
Sun, 05 Oct 2025US$7.9tUS$507.9bUS$121.0b41.4x65.4x15.6x
Tue, 02 Sep 2025US$7.2tUS$501.3bUS$112.6b36.7x63.8x14.3x
Thu, 31 Jul 2025US$7.3tUS$479.9bUS$101.5b30.4x71.5x15.1x
Sat, 28 Jun 2025US$6.6tUS$479.4bUS$102.8b29.9x63.9x13.7x
Mon, 26 May 2025US$5.6tUS$455.4bUS$94.0b27.5x59x12.2x
Wed, 23 Apr 2025US$4.2tUS$452.5bUS$94.7b18.5x44.2x9.2x
Fri, 21 Mar 2025US$5.1tUS$452.3bUS$93.9b29.6x54.3x11.3x
Sun, 16 Feb 2025US$5.9tUS$430.5bUS$79.6b27x74.5x13.8x
Tue, 14 Jan 2025US$5.8tUS$430.3bUS$82.1b29.7x70.4x13.4x
Thu, 12 Dec 2024US$5.5tUS$421.6bUS$78.3b34x70.7x13.1x
Sat, 09 Nov 2024US$6.1tUS$405.4bUS$69.3b33.7x87.8x15x
Mon, 07 Oct 2024US$5.4tUS$406.7bUS$86.2b30.4x62.9x13.3x
Wed, 04 Sep 2024US$5.2tUS$398.6bUS$88.6b29.4x58.7x13.1x
Fri, 02 Aug 2024US$5.2tUS$385.7bUS$82.6b27.5x62.9x13.5x
Sun, 30 Jun 2024US$5.4tUS$385.2bUS$82.8b30.1x65.7x14.1x
Tue, 28 May 2024US$4.9tUS$379.8bUS$81.8b30.9x60.1x12.9x
Thu, 25 Apr 2024US$4.0tUS$362.1bUS$66.8b26x60.4x11.1x
Sat, 23 Mar 2024US$4.5tUS$363.7bUS$67.0b26x67.6x12.5x
Mon, 19 Feb 2024US$3.9tUS$343.3bUS$56.3b28.6x68.7x11.3x
Wed, 17 Jan 2024US$3.3tUS$343.1bUS$53.6b29x60.6x9.5x
Fri, 15 Dec 2023US$3.0tUS$342.7bUS$54.7b27.9x54.7x8.7x
Sun, 12 Nov 2023US$2.8tUS$330.6bUS$46.4b26.6x59.6x8.4x
Tue, 10 Oct 2023US$2.6tUS$334.3bUS$48.8b24.9x54.2x7.9x
Thu, 07 Sep 2023US$2.7tUS$334.2bUS$51.8b26x52x8.1x
Sat, 05 Aug 2023US$2.7tUS$326.1bUS$46.3b25x57.8x8.2x
Mon, 03 Jul 2023US$2.6tUS$333.0bUS$47.2b25.4x55.1x7.8x
Wed, 31 May 2023US$2.5tUS$337.6bUS$50.9b24.5x49.1x7.4x
Fri, 28 Apr 2023US$2.0tUS$347.1bUS$63.8b19.9x30.8x5.7x
Sun, 26 Mar 2023US$2.0tUS$351.8bUS$69.1b18.7x29.6x5.8x
Tue, 21 Feb 2023US$1.9tUS$349.3bUS$69.1b20.4x26.9x5.3x
Thu, 19 Jan 2023US$1.7tUS$355.3bUS$75.7b20.3x22.3x4.7x
Price to Earnings Ratio

22.3x


Total Market Cap: US$1.7tTotal Earnings: US$75.7bTotal Revenue: US$355.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 57.5x202420252026
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 52.1x which is lower than its 3-year average PE of 57.4x.
  • The 3-year average PS ratio of 11.2x is lower than the industry's current PS ratio of 15.0x.
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 Market1.88%
Tech0.22%
Semiconductors0.61%
Semiconductors-0.53%
Semiconductor Equipment13.07%
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$345.099.4%
+US$33.4b		247.4%PE32.6x
INTC IntelUS$45.5515.7%
+US$30.8b		137.9%PE1146.8x
ADI Analog DevicesUS$300.939.9%
+US$13.3b		41.7%PE65x
TXN Texas InstrumentsUS$190.317.2%
+US$11.6b		0.08%PE34.5x
MCHP Microchip TechnologyUS$75.2215.7%
+US$5.5b		36.3%PS9.7x

Latest News

NVDA
US$184.86
NVIDIA
7D
-2.1%
1Y
36.0%

NVDA: AI Infrastructure Order Visibility And China Constraints Will Shape Future Leadership

Analysts trimmed our Nvidia fair value estimate slightly to $171.51 from $175.08, even as they raised revenue growth assumptions and referenced a series of higher Street price targets tied to continued AI data center momentum, Blackwell and Rubin order visibility, and expectations that Nvidia remains a central supplier in large hyperscale and OpenAI related buildouts. Analyst Commentary The recent wave of research on Nvidia has centered on its role in AI data centers, the scale of Blackwell and Rubin demand, and how these themes filter through to earnings expectations and valuations.
MRVL
US$83.22
Marvell Technology
7D
-6.9%
1Y
-27.2%

MRVL: AI Infrastructure Exposure Will Face Policy And ASIC Execution Crosswinds

Narrative Update: Marvell Technology Analysts have lifted their average fair value estimate for Marvell Technology from about $82.64 to $90.00. This change is supported by research citing the company's role in AI infrastructure, including custom ASIC and connectivity offerings.
ARM
US$111.79
Arm Holdings
7D
-2.6%
1Y
-20.4%

ARM: AI Licensing Royalties And Physical AI Expansion Will Drive Durable Upside

The updated analyst price target for Arm Holdings edges down by about $1.60, reflecting analysts' attempts to balance higher assumed revenue growth and margins with mixed views on the company's transition efforts and the market's willingness to support a premium P/E multiple. Analyst Commentary Recent Street research on Arm paints a mixed picture, with bullish analysts focused on earnings strength and AI exposure, and more cautious voices highlighting execution and valuation risk around the business model transition.
AVGO
US$344.97
Broadcom
7D
-0.8%
1Y
53.8%
ALAB
US$162.61
Astera Labs
7D
-9.4%
1Y
25.4%
QCOM
US$177.78
QUALCOMM
7D
2.8%
1Y
13.3%

QCOM: Premium Android Execution And AI Infrastructure Optionality Will Shape Balanced Outcomes

Analysts have nudged their fair value estimate for Qualcomm slightly higher to about $193, citing refreshed models that reflect recent price target increases following broad-based QCT strength, expanding premium-tier Android exposure, and growing attention on the company’s AI accelerator and data center opportunities. Analyst Commentary Recent Street research around Qualcomm highlights a mix of enthusiasm around execution in premium Android and AI, alongside caution on broader semiconductor sentiment and AI expectations.
ADI
US$300.93
Analog Devices
7D
9.9%
1Y
41.7%
INTC
US$45.55
Intel
7D
15.7%
1Y
137.9%
FSLR
US$238.66
First Solar
7D
-13.0%
1Y
26.1%
AMD
US$203.17
Advanced Micro Devices
7D
-9.1%
1Y
75.1%

AMD: AI And Rack Scale Execution Will Define The Next Chapter

Analysts have raised their AMD fair value estimate from about $137 to roughly $208. This change reflects higher assumptions for revenue growth and profit margins in AI accelerators and rack scale systems, partly offset by a slightly higher discount rate and more conservative future P/E expectations.
MCHP
US$75.22
Microchip Technology
7D
15.7%
1Y
36.3%
NXPI
US$241.15
NXP Semiconductors
7D
9.0%
1Y
16.6%

NXPI: Future Auto And Battery Technologies Will Drive Undervalued Upside

Analysts have raised their fair value estimate for NXP Semiconductors from US$294.09 to US$307.80, citing updated assumptions related to revenue growth, profit margins and future P/E expectations. What's in the News NXP unveiled its S32N7 super integration processor series on a 5 nm foundation to centralize core vehicle functions such as propulsion, vehicle dynamics, body, gateway and safety, with Bosch as the first deployment partner using the chip in its vehicle integration platform (Product-Related Announcement).
TXN
US$190.31
Texas Instruments
7D
7.2%
1Y
0.08%

TXN: Margin Reset And Cyclical Softness Will Set Up Future Rebound

Narrative Update Analysts have reduced the implied fair value for Texas Instruments to $245 from $260. This reflects updated views on higher required returns, more moderate revenue growth, softer profit margins, and a higher future P/E multiple following recent price target cuts and more cautious commentary on margins, utilization, and end demand.
MU
US$345.09
Micron Technology
7D
9.4%
1Y
247.4%

MU: AI Memory Supercycle Hype Will Likely Drive Future Multiple Compression

Micron Technology's fair value estimate has been raised from approximately $105.48 to $171.83. Analysts attribute this change to tightening DRAM supply, accelerating high bandwidth memory ramps for AI workloads, and improving margin and earnings visibility despite recent sector volatility.
SITM
US$342.20
SiTime
7D
-7.5%
1Y
47.9%

SITM Overheated Timing Demand Cycle Will Likely Challenge Premium Expectations

Analysts have raised their price target on SiTime significantly, lifting fair value from $180.00 to approximately $269.34. They cite the company's strengthening position as a precision timing technology disruptor in a large addressable market and its improving segment mix supported by strong recent results and guidance.
ON
US$62.16
ON Semiconductor
7D
9.6%
1Y
15.2%

ON: Future GaN And Buyback Tailwinds Will Likely Disappoint Expectations

Narrative Update on Analyst Price Target for ON Semiconductor Analysts have modestly raised their price target for ON Semiconductor by approximately $0.86, reflecting slightly higher expectations for fair value, revenue growth, profit margins, and future earnings multiples. What's in the News ON Semiconductor was removed from the NASDAQ 100 Index, potentially affecting index fund ownership and trading dynamics (Index Constituent Drops).