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U.S. Semiconductors Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies92
  • 7D-4.8%
  • 3M-1.5%
  • 1Y49.4%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 1.5%, driven by NVIDIA declining 6.7%. This takes the industry's 12 month performance to a gain of 58%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026US$8.2tUS$579.2bUS$180.4b39x45.5x14.2x
Mon, 26 Jan 2026US$8.3tUS$544.4bUS$156.9b39.8x52.9x15.2x
Wed, 24 Dec 2025US$8.2tUS$544.9bUS$157.4b36.2x52x15x
Fri, 21 Nov 2025US$8.0tUS$534.4bUS$146.7b32.2x54.6x15x
Sun, 19 Oct 2025US$8.0tUS$508.0bUS$121.0b41.5x66.1x15.7x
Tue, 16 Sep 2025US$7.6tUS$504.4bUS$118.3b39.5x64.6x15.2x
Thu, 14 Aug 2025US$7.5tUS$483.1bUS$102.0b34.2x73.3x15.5x
Sat, 12 Jul 2025US$6.8tUS$479.4bUS$102.8b33.1x66.2x14.2x
Mon, 09 Jun 2025US$6.0tUS$476.8bUS$101.3b28.8x59x12.5x
Wed, 07 May 2025US$4.9tUS$452.8bUS$93.6b19.5x52.4x10.8x
Fri, 04 Apr 2025US$4.5tUS$452.5bUS$94.7b18.6x47.8x10x
Sun, 02 Mar 2025US$5.3tUS$447.9bUS$89.3b24.8x59.6x11.9x
Tue, 28 Jan 2025US$5.5tUS$430.4bUS$82.0b30.4x66.6x12.7x
Thu, 26 Dec 2024US$6.0tUS$430.3bUS$82.1b31.7x72.9x13.9x
Sat, 23 Nov 2024US$5.8tUS$422.1bUS$78.8b32.8x73.6x13.7x
Mon, 21 Oct 2024US$5.8tUS$406.6bUS$86.1b30.6x66.9x14.2x
Wed, 18 Sep 2024US$5.1tUS$402.9bUS$83.9b28.7x60.7x12.6x
Fri, 16 Aug 2024US$5.1tUS$384.6bUS$79.1b30.8x64x13.2x
Sun, 14 Jul 2024US$5.7tUS$385.2bUS$82.9b29.8x69.2x14.9x
Tue, 11 Jun 2024US$5.3tUS$378.4bUS$81.9b29.5x64.9x14x
Thu, 09 May 2024US$4.3tUS$362.4bUS$69.7b27.3x62.3x12x
Sat, 06 Apr 2024US$4.3tUS$363.2bUS$67.4b25.9x64.1x11.9x
Mon, 04 Mar 2024US$4.3tUS$358.7bUS$66.9b29.1x64.2x12x
Wed, 31 Jan 2024US$3.6tUS$343.8bUS$56.4b31.8x63.3x10.4x
Fri, 29 Dec 2023US$3.2tUS$343.3bUS$53.6b31.1x59.7x9.3x
Sun, 26 Nov 2023US$2.9tUS$342.3bUS$54.7b27x52.1x8.3x
Tue, 24 Oct 2023US$2.5tUS$334.0bUS$48.9b24x51.5x7.5x
Thu, 21 Sep 2023US$2.5tUS$336.9bUS$51.7b25.3x49.2x7.6x
Sat, 19 Aug 2023US$2.5tUS$327.2bUS$45.9b25.1x55x7.7x
Mon, 17 Jul 2023US$2.7tUS$333.2bUS$47.2b25.1x57.4x8.1x
Wed, 14 Jun 2023US$2.6tUS$338.1bUS$51.8b26.3x49.9x7.6x
Fri, 12 May 2023US$2.0tUS$338.4bUS$50.4b20.8x39.7x5.9x
Sun, 09 Apr 2023US$2.0tUS$347.7bUS$64.4b20.8x31.5x5.8x
Tue, 07 Mar 2023US$1.9tUS$349.0bUS$68.9b19.8x28x5.5x
Price to Earnings Ratio

28x


Total Market Cap: US$1.9tTotal Earnings: US$68.9bTotal Revenue: US$349.0bTotal 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 47.5x 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 14.8x.
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-0.67%
Tech-2.10%
Semiconductors-4.41%
Semiconductors-4.79%
Semiconductor Equipment-1.20%
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$45.613.4%
+US$7.5b		92.2%PS4.3x
ARM Arm HoldingsUS$127.481.5%
+US$2.0b		-3.2%PE169x
MRVL Marvell TechnologyUS$81.692.8%
+US$1.9b		-11.0%PE28.8x
GFS GlobalFoundriesUS$47.552.9%
+US$755.7m		22.6%PE29.9x
RGTI Rigetti ComputingUS$17.429.4%
+US$495.0m		105.9%PS767.2x

Latest News

FSLR
US$197.20
First Solar
7D
-18.5%
1Y
44.8%
NVDA
US$177.19
NVIDIA
7D
-6.7%
1Y
41.8%
SMTC
US$90.22
Semtech
7D
4.0%
1Y
136.2%

Long-Term AI Data Center And IoT Tailwinds Will Transform This Semiconductor Provider

Catalysts About Semtech Semtech designs and sells analog and mixed signal semiconductors and IoT systems used in data centers, industrial IoT and high end consumer devices. What are the underlying business or industry changes driving this perspective?
AVGO
US$319.55
Broadcom
7D
-3.9%
1Y
60.2%
ADI
US$355.70
Analog Devices
7D
0.2%
1Y
54.6%
ALAB
US$118.76
Astera Labs
7D
-8.4%
1Y
59.7%
MU
US$412.37
Micron Technology
7D
-3.7%
1Y
340.4%
MRVL
US$81.69
Marvell Technology
7D
2.8%
1Y
-11.0%
MTSI
US$248.12
MACOM Technology Solutions Holdings
7D
1.9%
1Y
114.5%

MTSI: Future Returns Will Reflect Margin Stability And Repriced Earnings Expectations

Analysts have lifted their average price targets on MACOM Technology Solutions Holdings by roughly $20 to $40, citing updated views on the company’s growth prospects and profitability drivers. These views align with only minor adjustments in the modeled discount rate, revenue growth, profit margin, and future P/E assumptions.
MPWR
US$1,142.74
Monolithic Power Systems
7D
-5.1%
1Y
87.0%

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$127.48
Arm Holdings
7D
1.5%
1Y
-3.2%

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.
RGTI
US$17.42
Rigetti Computing
7D
9.4%
1Y
105.9%
CRDO
US$112.27
Credo Technology Group Holding
7D
-9.5%
1Y
103.5%

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.
GFS
US$47.55
GlobalFoundries
7D
2.9%
1Y
22.6%
INTC
US$45.61
Intel
7D
3.4%
1Y
92.2%

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$212.11
Texas Instruments
7D
-3.5%
1Y
8.2%

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.