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U.S. Semiconductors Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies91
  • 7D-2.1%
  • 3M2.0%
  • 1Y54.8%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 2.1%, driven by a pullback from Broadcom of 6.8%. On the other hand Micron Technology is actually up 9.5%. In the past year, the industry has gained 55%. 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
Tue, 17 Mar 2026US$8.0tUS$584.1bUS$182.7b42.2x43.7x13.7x
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
Price to Earnings Ratio

29.9x


Total Market Cap: US$2.1tTotal Earnings: US$69.1bTotal Revenue: US$351.9bTotal 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 43.7x which is lower than its 3-year average PE of 58.8x.
  • The 3-year average PS ratio of 11.7x is lower than the industry's current PS ratio of 13.7x.
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-2.40%
Tech-2.42%
Semiconductors-1.84%
Semiconductors-2.09%
Semiconductor Equipment0.42%
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$441.8013.5%
+US$59.1b		328.5%PE41.8x
ARM Arm HoldingsUS$121.703.5%
+US$4.3b		0.3%PE161.4x
TSEM Tower SemiconductorUS$138.4719.9%
+US$2.6b		254.7%PE70.7x
INTC IntelUS$45.760.4%
+US$899.1m		78.1%PS4.3x
ALAB Astera LabsUS$127.484.2%
+US$880.0m		76.9%PE99x

Latest News

GFS
US$43.77
GLOBALFOUNDRIES
7D
-7.6%
1Y
13.0%
AMD
US$196.58
Advanced Micro Devices
7D
-3.0%
1Y
88.0%
NXPI
US$191.89
NXP Semiconductors
7D
-6.5%
1Y
-8.5%
MU
US$441.80
Micron Technology
7D
13.5%
1Y
328.5%
ALAB
US$127.48
Astera Labs
7D
4.2%
1Y
76.9%
AVGO
US$324.92
Broadcom
7D
-6.0%
1Y
67.1%
NVDA
US$183.22
NVIDIA
7D
-0.8%
1Y
58.7%
INTC
US$45.76
Intel
7D
0.4%
1Y
78.1%
NVTS
US$10.49
Navitas Semiconductor
7D
25.2%
1Y
295.8%
MTSI
US$224.92
MACOM Technology Solutions Holdings
7D
2.8%
1Y
103.7%

MTSI: Future Returns Will Reflect Higher P/E Support And Margin Stability

The analyst price target for MACOM Technology Solutions Holdings has been revised higher from $255.73 to $261.14. Analysts attribute the change to updated assumptions around revenue growth, profit margins and future P/E multiples following a series of recent price target increases across the Street.
TXN
US$194.13
Texas Instruments
7D
-1.1%
1Y
7.9%
TSEM
US$138.47
Tower Semiconductor
7D
19.9%
1Y
254.7%

TSEM: RF And Silicon Photonics Leadership Will Redefine Earnings Power By 2027

Analysts have lifted their price targets on Tower Semiconductor by a combined $103, supporting a modest rise in our updated fair value estimate to $159.29, as they highlight the company’s RF Infrastructure connectivity leadership and insights from recent investor meetings. Analyst Commentary Recent research commentary centers on how the higher price targets line up with Tower Semiconductor’s role in RF Infrastructure connectivity and the feedback from recent investor meetings with management.
ADI
US$310.92
Analog Devices
7D
-2.7%
1Y
46.9%

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.
QCOM
US$129.39
QUALCOMM
7D
-6.3%
1Y
-18.1%

QCOM: AI Data Center And Advanced Nodes Will Balance Handset Risks

Analysts have nudged their long term price framework for Qualcomm slightly lower, trimming the future P/E assumption from 16.92x to 16.65x and modestly adjusting growth. They still point to potential upside in areas like AI data center, automotive and IoT as handset headwinds are reassessed across the Street.
ARM
US$121.70
Arm Holdings
7D
3.5%
1Y
0.3%

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$1,077.40
Monolithic Power Systems
7D
1.5%
1Y
68.2%

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.