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U.S. Semiconductors Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies91
  • 7D-2.1%
  • 3M6.3%
  • 1Y59.3%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 2.1%, driven by pullbacks in Broadcom and NVIDIA of 6.2% and 2.2%, respectively. In contrast, Micron Technology has gained 15%. In the past year, the industry has gained 59%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$8.1tUS$584.2bUS$182.6b43.6x44.3x13.8x
Fri, 13 Feb 2026US$8.5tUS$549.3bUS$159.0b44.8x53.3x15.4x
Sun, 11 Jan 2026US$8.2tUS$544.9bUS$157.3b39.8x52.1x15x
Tue, 09 Dec 2025US$8.3tUS$535.9bUS$149.7b37.8x55.6x15.5x
Thu, 06 Nov 2025US$8.4tUS$510.4bUS$139.8b38.2x60.1x16.5x
Sat, 04 Oct 2025US$8.0tUS$507.9bUS$121.0b41.4x65.7x15.7x
Mon, 01 Sep 2025US$7.2tUS$501.3bUS$112.6b36.7x63.8x14.3x
Wed, 30 Jul 2025US$7.2tUS$480.0bUS$101.5b30.6x71.4x15.1x
Fri, 27 Jun 2025US$6.5tUS$479.4bUS$102.8b29.8x63.4x13.6x
Sun, 25 May 2025US$5.6tUS$455.4bUS$94.0b27.5x59x12.2x
Tue, 22 Apr 2025US$4.3tUS$452.5bUS$94.7b18.3x45.8x9.6x
Thu, 20 Mar 2025US$5.0tUS$452.4bUS$93.9b29.3x53.7x11.1x
Sat, 15 Feb 2025US$5.8tUS$430.5bUS$79.6b27x73.4x13.6x
Mon, 13 Jan 2025US$5.8tUS$429.0bUS$82.1b30.1x70.4x13.5x
Wed, 11 Dec 2024US$5.7tUS$421.6bUS$78.3b34x72.3x13.4x
Fri, 08 Nov 2024US$6.0tUS$405.4bUS$69.1b33.7x86.2x14.7x
Sun, 06 Oct 2024US$5.4tUS$406.7bUS$86.2b30.4x62.9x13.3x
Tue, 03 Sep 2024US$5.2tUS$398.6bUS$88.6b31.9x58.8x13.1x
Thu, 01 Aug 2024US$5.2tUS$384.5bUS$82.1b27.5x63.3x13.5x
Sat, 29 Jun 2024US$5.4tUS$385.2bUS$82.8b30.1x65.4x14.1x
Mon, 27 May 2024US$4.9tUS$379.8bUS$81.8b30.9x60.1x12.9x
Wed, 24 Apr 2024US$4.0tUS$363.0bUS$67.4b23.2x59.8x11.1x
Fri, 22 Mar 2024US$4.4tUS$361.6bUS$63.9b25.9x68.3x12.1x
Sun, 18 Feb 2024US$3.9tUS$343.3bUS$56.3b28.6x68.7x11.3x
Tue, 16 Jan 2024US$3.3tUS$343.1bUS$53.6b29.1x60.6x9.5x
Thu, 14 Dec 2023US$3.0tUS$342.5bUS$54.7b27.1x54x8.6x
Sat, 11 Nov 2023US$2.7tUS$330.6bUS$46.4b26.6x58.1x8.2x
Mon, 09 Oct 2023US$2.7tUS$334.3bUS$48.8b25.1x54.4x7.9x
Wed, 06 Sep 2023US$2.7tUS$334.2bUS$51.8b26x52.9x8.2x
Fri, 04 Aug 2023US$2.7tUS$326.2bUS$46.3b23.3x57.7x8.2x
Sun, 02 Jul 2023US$2.6tUS$333.0bUS$47.2b25.4x55.1x7.8x
Tue, 30 May 2023US$2.5tUS$337.6bUS$50.9b24.4x48.6x7.3x
Thu, 27 Apr 2023US$2.0tUS$347.0bUS$63.9b19.6x30.6x5.6x
Sat, 25 Mar 2023US$2.0tUS$351.8bUS$69.1b18.7x29.6x5.8x
Price to Earnings Ratio

29.6x


Total Market Cap: US$2.0tTotal Earnings: US$69.1bTotal Revenue: US$351.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.9x202420252026
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 44.3x which is lower than its 3-year average PE of 58.9x.
  • The 3-year average PS ratio of 11.8x is lower than the industry's current PS ratio of 13.8x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 38% per year over the last three years.
  • Revenues for these companies have grown 18% 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-0.97%
Tech-1.09%
Semiconductors-1.59%
Semiconductors-2.05%
Semiconductor Equipment2.69%
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$461.6914.5%
+US$65.9b		353.9%PE43.6x
ARM Arm HoldingsUS$127.315.6%
+US$7.2b		6.3%PE168.8x
TSEM Tower SemiconductorUS$137.8618.0%
+US$2.4b		261.3%PE70.4x
ALAB Astera LabsUS$127.579.5%
+US$1.9b		85.2%PE99.1x
ON ON SemiconductorUS$60.982.3%
+US$547.7m		40.4%PE198.6x

Latest News

NVDA
US$181.93
NVIDIA
7D
-2.2%
1Y
54.8%
AVGO
US$321.31
Broadcom
7D
-6.2%
1Y
70.3%
QCOM
US$131.59
QUALCOMM
7D
-2.7%
1Y
-15.8%
TSEM
US$137.86
Tower Semiconductor
7D
18.0%
1Y
261.3%
INTC
US$44.06
Intel
7D
-5.8%
1Y
70.0%

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.
TXN
US$194.45
Texas Instruments
7D
-1.5%
1Y
8.4%

TXN: Evolving Capex And Inventory Framework Will Support Stronger Future Cash Generation

Texas Instruments' analyst price targets have broadly moved higher, with several firms lifting their views by $5 to $45 as analysts factor in updated capex plans, inventory intentions, and expectations for the company's revenue and free cash flow scenarios. Analyst Commentary Bullish analysts are largely focused on Texas Instruments' updated capital plans, inventory framework, and potential for free cash flow, using these inputs to refresh their valuation work and lift price targets across the board.
MU
US$461.69
Micron Technology
7D
14.5%
1Y
353.9%

MU: AI Memory Tightness Will Eventually Meet New Capacity And Cooler Returns

Micron Technology's analyst-derived fair value estimate has shifted from $365.22 to $425.13, reflecting higher Street price targets that are being tied to stronger memory pricing, tighter DRAM and NAND supply, and confidence in high bandwidth and server memory demand over the next few years. Analyst Commentary Bullish and cautious views on Micron are both visible in recent research, giving you a mix of enthusiasm about earnings power and some reminders to watch positioning and expectations.
AMD
US$196.31
Advanced Micro Devices
7D
-3.4%
1Y
89.7%

Open Source Online Order Systems: A Complete Guide

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NXPI
US$194.02
NXP Semiconductors
7D
-4.4%
1Y
-6.3%
ON
US$60.98
ON Semiconductor
7D
2.3%
1Y
40.4%
ALAB
US$127.57
Astera Labs
7D
9.5%
1Y
85.2%
RMBS
US$93.50
Rambus
7D
4.3%
1Y
72.1%

RMBS: AI Memory Roadmap And Steady P E Assumptions Will Drive Upside

Analysts have trimmed their price targets on Rambus, with recent cuts of $7 and $10 balanced by a new bullish initiation. This has led to only modest tweaks in discount rate and future P/E assumptions, rather than a wholesale shift in the overall valuation view.
FSLR
US$200.42
First Solar
7D
1.3%
1Y
57.4%

FSLR: Section 232 Tariffs And 2026 Reset Year Will Shape Pricing Power

We are trimming our fair value estimate for First Solar to $175.45 from $198.37 as analysts lower price targets across the board after weaker Q4 results and 2026 guidance, softer revenue growth and profit margin assumptions, and a higher implied future P/E despite only a modest adjustment in discount rate. Analyst Commentary Street research has turned more cautious following First Solar's Q4 results and 2026 guidance, with several firms cutting price targets and shifting to more neutral stances.
ADI
US$313.66
Analog Devices
7D
-1.6%
1Y
50.0%

ADI: Cyclical Recovery And AI Data Center Demand Will Drive Mixed Outcomes

Our updated price target for Analog Devices rises from $204.70 to $314.76, reflecting analysts' higher modeled revenue growth, a richer assumed future P/E multiple, and commentary pointing to upside from data center, AI, industrial exposure, and pricing power, alongside an ongoing cyclical recovery. Analyst Commentary Recent Street research on Analog Devices is broadly constructive, with many firms lifting their price targets after the latest quarterly results and guidance updates.
ARM
US$127.31
Arm Holdings
7D
5.6%
1Y
6.3%

ARM: Physical AI And Data Center CPUs Will Drive Future Upside

Analysts have nudged their average price target for Arm higher to $148.09 from $147.83, reflecting slightly faster assumed revenue growth and AI driven CPU demand in data centers, partially tempered by more conservative profit margin and P/E assumptions. Analyst Commentary Recent Street research on Arm shows a split between analysts who see more upside tied to AI CPU demand and those who are tightening assumptions around growth, margins and valuation multiples.
MPWR
US$1,066.66
Monolithic Power Systems
7D
1.0%
1Y
71.4%

MPWR: Higher Multiple Assumptions Will Test Execution As Dividend And Index Role Expand

Narrative Update on Monolithic Power Systems The updated analyst price target for Monolithic Power Systems has moved from about $972 to roughly $1,116. Analysts cite adjusted assumptions for revenue growth, profit margins, fair value, and future P/E as key factors behind the change.