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U.S. Semiconductors Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies90
  • 7D9.4%
  • 3M3.9%
  • 1Y45.0%
  • YTDn/a

In the last week, the Semiconductors industry is up 9.4%, with NVIDIA up 11%. In the same time, QUALCOMM was down 5.3%. This means that the industry has gained 45% over the past year. 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
Thu, 12 Feb 2026US$8.4tUS$549.3bUS$158.0b46.5x53.2x15.3x
Sat, 10 Jan 2026US$8.1tUS$544.9bUS$157.3b39.8x51.6x14.9x
Mon, 08 Dec 2025US$8.2tUS$535.9bUS$149.7b38x55x15.4x
Wed, 05 Nov 2025US$3.7tUS$510.4bUS$139.8b37.1x26.5x7.3x
Fri, 03 Oct 2025US$7.9tUS$507.9bUS$121.0b42.8x65.2x15.5x
Sun, 31 Aug 2025US$7.2tUS$501.3bUS$112.6b36.7x63.8x14.3x
Tue, 29 Jul 2025US$7.2tUS$479.8bUS$101.5b31.3x71x15x
Thu, 26 Jun 2025US$6.4tUS$476.9bUS$101.3b31.3x62.7x13.3x
Sat, 24 May 2025US$5.6tUS$455.4bUS$94.0b26.2x59.7x12.3x
Mon, 21 Apr 2025US$4.3tUS$452.5bUS$94.7b18.4x45.8x9.6x
Wed, 19 Mar 2025US$5.0tUS$452.4bUS$93.9b29.2x53.8x11.2x
Fri, 14 Feb 2025US$5.7tUS$430.4bUS$79.6b26.7x71.9x13.3x
Sun, 12 Jan 2025US$5.8tUS$429.0bUS$82.1b30.1x70.4x13.5x
Tue, 10 Dec 2024US$5.8tUS$421.6bUS$78.3b34.4x74x13.7x
Thu, 07 Nov 2024US$5.7tUS$403.7bUS$67.9b34.9x84.4x14.2x
Sat, 05 Oct 2024US$5.4tUS$406.7bUS$86.2b30.4x62.5x13.3x
Mon, 02 Sep 2024US$5.2tUS$398.7bUS$88.6b31.9x58.7x13.1x
Wed, 31 Jul 2024US$5.0tUS$383.7bUS$81.7b26.2x61x13x
Fri, 28 Jun 2024US$5.5tUS$382.1bUS$80.6b30.2x68.3x14.4x
Sun, 26 May 2024US$4.9tUS$379.8bUS$81.8b30.9x60.1x12.9x
Tue, 23 Apr 2024US$3.8tUS$363.0bUS$67.4b22.6x56.4x10.5x
Thu, 21 Mar 2024US$4.3tUS$361.6bUS$63.9b26x67.3x11.9x
Sat, 17 Feb 2024US$3.9tUS$343.3bUS$56.3b28.6x69.4x11.4x
Mon, 15 Jan 2024US$3.3tUS$343.1bUS$53.6b29.1x60.6x9.5x
Wed, 13 Dec 2023US$3.0tUS$342.5bUS$54.7b26.7x54x8.6x
Fri, 10 Nov 2023US$2.7tUS$330.6bUS$46.9b24.9x57.5x8.2x
Sun, 08 Oct 2023US$2.7tUS$334.3bUS$48.8b25.1x54.4x7.9x
Tue, 05 Sep 2023US$2.7tUS$334.3bUS$51.8b26x52.8x8.2x
Thu, 03 Aug 2023US$2.7tUS$329.1bUS$48.5b24.5x55.1x8.1x
Sat, 01 Jul 2023US$2.6tUS$333.0bUS$47.2b25.4x55.1x7.8x
Mon, 29 May 2023US$2.5tUS$337.6bUS$50.9b24.4x48.6x7.3x
Wed, 26 Apr 2023US$1.9tUS$347.5bUS$64.4b19.7x30.1x5.6x
Fri, 24 Mar 2023US$2.1tUS$351.9bUS$69.1b18.8x29.9x5.9x
Sun, 19 Feb 2023US$1.9tUS$349.4bUS$69.2b20x26.9x5.3x
Price to Earnings Ratio

26.9x


Total Market Cap: US$1.9tTotal Earnings: US$69.2bTotal Revenue: US$349.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 58.2x202420252026
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 53.2x which is lower than its 3-year average PE of 58.2x.
  • The 3-year average PS ratio of 11.5x is lower than the industry's current PS ratio of 15.3x.
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 Market1.43%
Tech4.94%
Semiconductors9.86%
Semiconductors9.43%
Semiconductor Equipment13.89%
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
NVDA NVIDIAUS$190.0510.6%
+US$441.5b		40.5%PE46.6x
AVGO BroadcomUS$342.7611.3%
+US$164.6b		45.0%PE70.3x
MU Micron TechnologyUS$410.348.2%
+US$34.8b		347.6%PE38.8x
AMD Advanced Micro DevicesUS$213.586.7%
+US$21.8b		91.2%PE81.6x
ARM Arm HoldingsUS$125.2819.4%
+US$21.6b		-19.4%PE166.1x

Latest News

NXPI
US$249.75
NXP Semiconductors
7D
12.4%
1Y
13.7%
QCOM
US$141.04
QUALCOMM
7D
-5.3%
1Y
-17.2%
RMBS
US$99.38
Rambus
7D
-1.5%
1Y
57.6%

RMBS: Mixed P/E Reset And Silicon IP Deals Will Shape AI Upside

Analysts have trimmed their price target on Rambus from US$120 to about US$117.88, citing updated views on growth, profitability, and a modestly adjusted future P/E multiple, as reflected in recent research moves at Evercore ISI, Susquehanna, and William Blair. Analyst Commentary Recent research points to a mix of optimism and caution around Rambus, with fresh coverage and updated price targets offering both upside and risk factors for you to weigh.
AMD
US$213.58
Advanced Micro Devices
7D
6.7%
1Y
91.2%
MRVL
US$81.34
Marvell Technology
7D
10.3%
1Y
-22.8%
AOSL
US$20.96
Alpha and Omega Semiconductor
7D
-5.9%
1Y
-39.0%

AOSL: Thinner Margins And Richer P/E Will Pressure Future Returns

Analysts have trimmed their fair value estimate for Alpha and Omega Semiconductor from US$25.00 to US$19.00, citing updated assumptions that pair higher revenue growth expectations with a much lower profit margin outlook, along with a substantially higher future P/E multiple. Analyst Commentary Recent Street research points to a more cautious stance around Alpha and Omega Semiconductor, with at least one price target cut, including a US$5 reduction from a prior published level.
FSLR
US$227.74
First Solar
7D
-2.8%
1Y
42.0%

FSLR: U.S. Manufacturing Expansion Will Support Long-Term Pricing Power

The analyst price target for First Solar has been raised by about US$12 to US$347.10. Analysts are balancing lower modeled revenue growth with higher profit margin expectations, a slightly reduced discount rate and a higher assumed future P/E.
ADI
US$337.00
Analog Devices
7D
5.2%
1Y
64.3%

ADI: Autos And AI Are Expected To Support A Measured Cyclical Recovery

Analysts have nudged their price target framework higher for Analog Devices, with fair value moving from US$285.56 to US$313.31 as they factor in Street research pointing to stronger revenue growth assumptions, slightly higher profit margins, a modestly lower discount rate, and a richer future P/E outlook following multiple recent target hikes across major firms. Analyst Commentary Recent Street research on Analog Devices clusters around a broadly positive view, with most firms lifting price targets and a minority trimming theirs while keeping constructive ratings.
NVDA
US$190.05
NVIDIA
7D
10.6%
1Y
40.5%

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.
PI
US$106.95
Impinj
7D
-29.7%
1Y
2.3%
ARM
US$125.28
Arm Holdings
7D
19.4%
1Y
-19.4%

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.
KOPN
US$2.28
Kopin
7D
-5.0%
1Y
32.9%

KOPN: Robust Defense Pipeline Will Support Long Term Value Despite Funding Headwinds

Analysts have nudged their fair value view on Kopin in line with a Street price target increase from US$3 to US$4. This points to a supported long term outlook that reflects a slightly lower discount rate and continued confidence in the company's government related pipeline despite funding headwinds.
TOYO
US$8.67
TOYO
7D
-15.1%
1Y
201.0%
INTC
US$48.29
Intel
7D
-0.6%
1Y
114.8%
AVGO
US$342.76
Broadcom
7D
11.3%
1Y
45.0%

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.
MU
US$410.34
Micron Technology
7D
8.2%
1Y
347.6%

MU: AI Memory Shortages Will Eventually Draw New Capacity And Pressure Returns

Analysts have lifted their fair value estimate for Micron from US$249.31 to US$365.22. They point to higher assumed revenue growth, wider profit margins and a lower future P/E multiple, supported by recent price target increases and generally positive commentary around tight memory supply and AI driven demand.