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U.S. Semiconductors Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies92
  • 7D2.7%
  • 3M6.6%
  • 1Y60.6%
  • YTDn/a

The Semiconductors industry is up 2.7% in the last week, with NVIDIA up 4.1%. In the last 12 months, the industry was up 61%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026US$8.5tUS$550.3bUS$159.5b47.3x53.4x15.5x
Sun, 25 Jan 2026US$8.3tUS$544.4bUS$156.9b39.8x52.9x15.2x
Tue, 23 Dec 2025US$7.9tUS$544.8bUS$157.4b36.5x50.3x14.5x
Thu, 20 Nov 2025US$7.8tUS$512.5bUS$134.1b33.4x58.3x15.2x
Sat, 18 Oct 2025US$8.0tUS$508.0bUS$121.0b41.5x66x15.7x
Mon, 15 Sep 2025US$7.6tUS$504.4bUS$118.3b38.6x64.5x15.1x
Wed, 13 Aug 2025US$7.4tUS$483.1bUS$102.0b34.3x72.7x15.4x
Fri, 11 Jul 2025US$6.8tUS$479.4bUS$102.8b33.1x66.2x14.2x
Sun, 08 Jun 2025US$6.0tUS$476.8bUS$101.3b28.8x59x12.5x
Tue, 06 May 2025US$4.9tUS$452.7bUS$93.6b19.8x52.7x10.9x
Thu, 03 Apr 2025US$4.7tUS$452.5bUS$94.7b20.5x49.7x10.4x
Sat, 01 Mar 2025US$5.3tUS$447.9bUS$89.3b24.8x59.6x11.9x
Mon, 27 Jan 2025US$6.1tUS$430.4bUS$82.0b30.6x74.7x14.2x
Wed, 25 Dec 2024US$6.0tUS$430.3bUS$82.1b31.7x72.9x13.9x
Fri, 22 Nov 2024US$5.8tUS$422.1bUS$78.8b32.1x73.1x13.6x
Sun, 20 Oct 2024US$5.8tUS$406.6bUS$86.1b30.6x66.9x14.2x
Tue, 17 Sep 2024US$5.2tUS$402.9bUS$83.9b29.1x61.7x12.9x
Thu, 15 Aug 2024US$5.1tUS$384.7bUS$79.1b29.5x64x13.2x
Sat, 13 Jul 2024US$5.7tUS$385.2bUS$82.8b31.3x69x14.8x
Mon, 10 Jun 2024US$5.3tUS$378.4bUS$81.9b28.8x64.3x13.9x
Wed, 08 May 2024US$4.3tUS$362.5bUS$69.6b28.1x62.4x12x
Fri, 05 Apr 2024US$4.3tUS$363.2bUS$67.4b25.7x64.3x11.9x
Sun, 03 Mar 2024US$4.3tUS$358.7bUS$66.9b29.1x64.2x12x
Tue, 30 Jan 2024US$3.5tUS$343.8bUS$56.4b32.2x62.3x10.2x
Thu, 28 Dec 2023US$3.2tUS$343.2bUS$53.6b31.1x59.6x9.3x
Sat, 25 Nov 2023US$2.9tUS$342.3bUS$54.7b27x52.1x8.3x
Mon, 23 Oct 2023US$2.5tUS$334.0bUS$48.9b24.3x50.9x7.4x
Wed, 20 Sep 2023US$2.6tUS$336.9bUS$51.7b25.8x50.4x7.7x
Fri, 18 Aug 2023US$2.5tUS$327.2bUS$46.0b24.3x55.4x7.8x
Sun, 16 Jul 2023US$2.7tUS$333.2bUS$47.2b25.1x57.4x8.1x
Tue, 13 Jun 2023US$2.5tUS$338.1bUS$51.8b26x49x7.5x
Thu, 11 May 2023US$2.0tUS$338.4bUS$50.4b20.7x40x6x
Sat, 08 Apr 2023US$2.0tUS$347.7bUS$64.4b20.8x31.5x5.8x
Mon, 06 Mar 2023US$1.9tUS$349.1bUS$68.9b20.5x28x5.5x
Price to Earnings Ratio

28x


Total Market Cap: US$1.9tTotal Earnings: US$68.9bTotal Revenue: US$349.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.6x202420252026
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 53.4x which is lower than its 3-year average PE of 58.6x.
  • The 3-year average PS ratio of 11.6x is lower than the industry's current PS ratio of 15.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 32% 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 Market0.90%
Tech2.11%
Semiconductors2.95%
Semiconductors2.66%
Semiconductor Equipment5.43%
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
QCOM QUALCOMMUS$145.593.1%
+US$4.6b		-5.7%PE29x
ADI Analog DevicesUS$354.352.6%
+US$4.4b		58.3%PE63.9x
INTC IntelUS$45.461.9%
+US$4.2b		96.9%PS4.3x
ARM Arm HoldingsUS$129.261.8%
+US$2.5b		-0.8%PE171.4x
GFS GlobalFoundriesUS$46.923.3%
+US$822.4m		22.3%PE29.5x

Latest News

AVGO
US$332.31
Broadcom
7D
-0.4%
1Y
56.1%
NVDA
US$195.56
NVIDIA
7D
4.1%
1Y
62.8%
ADI
US$360.80
Analog Devices
7D
4.2%
1Y
54.4%
QCOM
US$145.82
QUALCOMM
7D
3.2%
1Y
-5.6%
FSLR
US$210.12
First Solar
7D
-11.9%
1Y
34.0%
MU
US$429.00
Micron Technology
7D
1.9%
1Y
339.1%
RMBS
US$101.09
Rambus
7D
-3.1%
1Y
72.6%

RMBS: P/E Reset Will Set Up Future AI Upside Potential

Rambus' analyst fair value estimate has nudged up by $1 to $118.88, as analysts refine their P/E assumptions and incorporate mixed but generally constructive recent research, including lower price targets from some firms alongside a fresh bullish initiation. Analyst Commentary Street research on Rambus has been mixed recently, with some analysts trimming price targets while others initiate with a positive stance.
OLED
US$106.06
Universal Display
7D
-11.6%
1Y
-34.4%
MCHP
US$75.47
Microchip Technology
7D
-4.6%
1Y
26.3%

MCHP: Broadening Edge AI And Auto Demand Will Support 2026 Margins

Analyst price targets for Microchip Technology have edged slightly lower, with our fair value estimate moving from $86.96 to $86.60, as analysts balance recent target hikes tied to improving bookings and margin outlook with a few more cautious, neutral views on the shares. Analyst Commentary Recent research on Microchip Technology reflects a mix of optimism on the recovery story and some hesitation on how much of that is already reflected in the share price.
ON
US$69.68
ON Semiconductor
7D
-1.4%
1Y
37.8%

ON: Buybacks And Automotive Partnerships Will Shape Fairly Balanced Prospects

Analysts have raised their price target for ON Semiconductor to $68.20 from $63.00, citing updated assumptions that include adjusted revenue growth, profit margin, discount rate, and forward P/E expectations. What's in the News ON Semiconductor completed a share repurchase of 2,900,000 shares, or 0.72% of shares, for US$175.6 million under the buyback announced on November 18, 2025.
MPWR
US$1,231.95
Monolithic Power Systems
7D
3.7%
1Y
83.4%

Monolithic Power Systems (MPWR) Powering the Hyperscale Era: The Efficiency Moat

Monolithic Power Systems (MPWR) is currently operating at the peak of its powers, with the stock trading at $1,204.10 as of the market close on February 20, 2026. The company recently capped off a stellar 2025, reporting record full-year revenue of $2.8 billion —a 26.4% year-over-year increase—driven primarily by its dominance in the AI data center space.
ARM
US$131.74
Arm Holdings
7D
3.5%
1Y
-5.2%

ARM: Physical AI And Robotics Expansion Will Drive Future Upside

Analysts have trimmed their blended $ fair value estimate for Arm by about $0.43, reflecting a small recalibration in growth, discount rate, and P/E assumptions after a wave of mixed price target cuts and rating upgrades that highlight both smartphone demand concerns and ongoing interest in the story. Analyst Commentary Recent Street research around Arm shows a split tape, with several firms cutting price targets while others are upgrading the stock or lifting their fair value views.
AMD
US$210.86
Advanced Micro Devices
7D
5.4%
1Y
101.3%

AMD: AI Accelerator And Server Demand Will Support Long-Term Earnings Power

Analysts have trimmed their consolidated AMD price target by about $5 to reflect slightly more cautious revenue growth assumptions and a lower future P/E, while acknowledging stronger profit margin expectations supported by recent research highlighting AI accelerator demand, server CPU sell through into 2026, and ongoing debate around competitive risks. Analyst Commentary Recent research on Advanced Micro Devices points to a split tape in sentiment, but with a clear group of bullish analysts leaning into AI, server demand, and competitive positioning as key supports for valuation and growth expectations.
CRDO
US$123.46
Credo Technology Group Holding
7D
-3.5%
1Y
101.4%

CRDO: Future Returns Will Ride On AI Datacenter Connectivity Execution

The analyst price target for Credo Technology Group Holding has been reduced by about $6 to reflect updated fair value estimates, slightly adjusted discount rate assumptions, and revised expectations for revenue growth, profit margins, and future P/E multiples cited in recent research. Analyst Commentary Recent Street research on Credo Technology Group Holding has been mixed, with price target changes and a new neutral initiation pointing to both upside potential and execution risks.
INTC
US$46.88
Intel
7D
3.1%
1Y
99.3%

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.
TXN
US$213.90
Texas Instruments
7D
-4.2%
1Y
7.9%

TXN: Higher Street Conviction And Tariff Uncertainty Will Shape Next Cycle

The analyst fair value estimate for Texas Instruments has shifted from about $191 to roughly $219. Analysts attribute this change to updated expectations for revenue growth, profit margins, and a higher future P/E multiple following a wave of recent price target increases across the Street.