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U.S. Semiconductors Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies87
  • 7D-1.2%
  • 3M1.7%
  • 1Y39.3%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 1.2%, driven by NVIDIA declining 3.2%. In contrast, Intel has gained 19%. Over the past 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026US$8.3tUS$544.9bUS$157.3b39.9x52.7x15.2x
Sat, 13 Dec 2025US$8.3tUS$539.9bUS$154.0b36.6x53.9x15.4x
Mon, 10 Nov 2025US$8.1tUS$514.5bUS$134.6b33x60.4x15.8x
Wed, 08 Oct 2025US$7.9tUS$507.9bUS$121.0b41x65.4x15.6x
Fri, 05 Sep 2025US$7.1tUS$501.5bUS$112.7b35.8x63x14.1x
Sun, 03 Aug 2025US$7.1tUS$481.2bUS$102.0b33x69.3x14.7x
Tue, 01 Jul 2025US$6.6tUS$479.4bUS$102.8b29.6x64.6x13.9x
Thu, 29 May 2025US$5.7tUS$455.4bUS$94.1b28.2x60.9x12.6x
Sat, 26 Apr 2025US$4.6tUS$452.9bUS$94.3b19.8x49.3x10.3x
Mon, 24 Mar 2025US$5.1tUS$454.6bUS$94.7b22.7x53.5x11.1x
Wed, 19 Feb 2025US$5.9tUS$430.4bUS$79.6b27.4x74.5x13.8x
Fri, 17 Jan 2025US$5.9tUS$430.3bUS$82.1b30x71.3x13.6x
Sun, 15 Dec 2024US$5.8tUS$426.3bUS$79.0b33.7x73.5x13.6x
Tue, 12 Nov 2024US$6.0tUS$405.4bUS$69.3b33.8x87.2x14.9x
Thu, 10 Oct 2024US$5.6tUS$406.7bUS$86.2b30.6x65.5x13.9x
Sat, 07 Sep 2024US$4.5tUS$402.9bUS$83.9b28.1x53.9x11.2x
Mon, 05 Aug 2024US$4.7tUS$384.8bUS$78.9b27.5x59.2x12.1x
Wed, 03 Jul 2024US$5.5tUS$385.2bUS$82.8b30.7x65.9x14.2x
Fri, 31 May 2024US$5.0tUS$379.8bUS$81.8b30.3x60.8x13.1x
Sun, 28 Apr 2024US$4.3tUS$363.0bUS$69.1b26.7x61.7x11.7x
Tue, 26 Mar 2024US$4.5tUS$363.7bUS$67.0b25.8x67.7x12.5x
Thu, 22 Feb 2024US$3.8tUS$343.3bUS$56.3b29x66.9x11x
Sat, 20 Jan 2024US$3.5tUS$343.1bUS$53.6b30x65.1x10.2x
Mon, 18 Dec 2023US$3.1tUS$342.7bUS$54.7b27.9x57.4x9.2x
Wed, 15 Nov 2023US$2.8tUS$330.6bUS$46.7b26.6x59.4x8.4x
Fri, 13 Oct 2023US$2.7tUS$334.3bUS$48.8b25.3x55.4x8.1x
Sun, 10 Sep 2023US$2.6tUS$334.1bUS$51.8b25.5x50.7x7.9x
Tue, 08 Aug 2023US$2.7tUS$326.1bUS$46.3b24.9x58.4x8.3x
Thu, 06 Jul 2023US$2.6tUS$333.0bUS$47.2b25.4x54.7x7.7x
Sat, 03 Jun 2023US$2.5tUS$338.2bUS$51.8b24.9x47.6x7.3x
Mon, 01 May 2023US$2.0tUS$341.9bUS$53.2b20.1x37.6x5.9x
Wed, 29 Mar 2023US$2.0tUS$351.8bUS$69.1b18.5x29x5.7x
Fri, 24 Feb 2023US$1.9tUS$347.7bUS$67.5b20.6x28x5.4x
Sun, 22 Jan 2023US$1.7tUS$355.3bUS$75.7b20.2x22.4x4.8x
Price to Earnings Ratio

22.4x


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 52.7x which is lower than its 3-year average PE of 57.5x.
  • The 3-year average PS ratio of 11.2x is lower than the industry's current PS ratio of 15.2x.
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 Market0.18%
Tech-1.40%
Semiconductors-0.77%
Semiconductors-1.20%
Semiconductor Equipment3.62%
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
INTC IntelUS$48.7218.5%
+US$37.9b		147.7%PE1226.6x
AMD Advanced Micro DevicesUS$223.609.2%
+US$30.8b		88.8%PE116.3x
MU Micron TechnologyUS$333.351.9%
+US$7.1b		224.9%PE31.5x
TXN Texas InstrumentsUS$193.454.2%
+US$7.0b		-2.1%PE35x
MTSI MACOM Technology Solutions HoldingsUS$215.0126.0%
+US$3.3b		52.6%PS16.7x

Latest News

MPWR
US$983.60
Monolithic Power Systems
7D
2.6%
1Y
63.3%
PI
US$181.36
Impinj
7D
-7.4%
1Y
32.8%
NVDA
US$183.14
NVIDIA
7D
-3.2%
1Y
34.4%
MTSI
US$215.01
MACOM Technology Solutions Holdings
7D
26.0%
1Y
52.6%
FSLR
US$236.45
First Solar
7D
-1.9%
1Y
26.6%

FSLR: U.S. Manufacturing Buildout And Section 232 Policies Will Shape Upside

Analysts have nudged their fair value estimate for First Solar higher from about US$271.61 to roughly US$281.65. This reflects updated views on policy driven demand, tariff risks and the company's position as a U.S. focused utility scale supplier within clean energy.
ON
US$60.58
ON Semiconductor
7D
-2.1%
1Y
9.7%

ON: Future GaN Partnership Will Support A More Optimistic Outlook

The analyst price target for ON Semiconductor has moved from US$70.00 to about US$76.53. Analysts point to updated assumptions for revenue growth, profit margins, discount rates and future P/E to support the new view.
ADI
US$297.99
Analog Devices
7D
1.7%
1Y
36.6%

ADI: Autos And AI Are Expected To Sustain A Balanced Cyclical Recovery

Our updated narrative price target for Analog Devices moves modestly higher to US$285.56 from US$282.03, reflecting analysts' higher targets tied to upside driven by autos, expanding AI related demand, and an improving cyclical recovery outlook into 2026. Analyst Commentary Recent research updates show a wide range of views, but with a generally constructive tilt around Analog Devices' execution, exposure to autos and AI related demand, and the path into 2026.
MRVL
US$81.21
Marvell Technology
7D
-4.1%
1Y
-30.0%

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$104.99
Arm Holdings
7D
-9.2%
1Y
-28.8%

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$339.89
Broadcom
7D
-1.1%
1Y
49.1%
QCOM
US$164.54
QUALCOMM
7D
-8.7%
1Y
0.08%

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.
INTC
US$48.72
Intel
7D
18.5%
1Y
147.7%
AMD
US$223.60
Advanced Micro Devices
7D
9.2%
1Y
88.8%

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.
CRDO
US$156.84
Credo Technology Group Holding
7D
11.2%
1Y
107.8%

CRDO: Sector Q3 Strength And AI Connectivity Portfolio Will Support Upside

Analysts have raised their fair value estimate for Credo Technology Group Holding to $250.00 from $165.00, citing updated assumptions for revenue growth, profit margins and future P/E, as well as recent Street research that anticipates generally in line to modestly better results for the broader semiconductor group. Analyst Commentary Recent Street research has added context to the higher fair value estimate, with bullish analysts pointing to supportive earnings expectations for the broader semiconductor group and updated assumptions for Credo Technology Group Holding.
TXN
US$193.45
Texas Instruments
7D
4.2%
1Y
-2.1%

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$333.35
Micron Technology
7D
1.9%
1Y
224.9%

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.