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U.S. Semiconductors Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies91
  • 7D-2.8%
  • 3M-2.2%
  • 1Y53.1%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has remained flat, although notably Micron Technology gained 9.6%. As for the the longer term, the industry is up 57% over the past 12 months. 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
Sat, 21 Mar 2026US$7.8tUS$599.7bUS$194.7b34.6x40.2x13.1x
Mon, 16 Feb 2026US$8.2tUS$549.3bUS$158.9b44.8x51.5x14.9x
Wed, 14 Jan 2026US$8.3tUS$544.9bUS$157.3b39.2x52.5x15.1x
Fri, 12 Dec 2025US$8.3tUS$535.9bUS$149.7b37.6x55.8x15.6x
Sun, 09 Nov 2025US$8.1tUS$514.5bUS$134.6b33x60.4x15.8x
Tue, 07 Oct 2025US$7.9tUS$507.9bUS$121.0b42x65x15.5x
Thu, 04 Sep 2025US$7.1tUS$501.3bUS$112.6b35.5x63x14.1x
Sat, 02 Aug 2025US$7.2tUS$481.1bUS$102.0b33x70.6x15x
Mon, 30 Jun 2025US$6.6tUS$479.4bUS$102.8b29.9x64.6x13.9x
Wed, 28 May 2025US$5.6tUS$455.4bUS$94.0b28.6x59.1x12.2x
Fri, 25 Apr 2025US$4.4tUS$452.9bUS$94.7b19.1x46.9x9.8x
Sun, 23 Mar 2025US$5.1tUS$454.6bUS$94.7b22.7x53.5x11.1x
Tue, 18 Feb 2025US$5.9tUS$430.5bUS$79.6b27x74.5x13.8x
Thu, 16 Jan 2025US$5.7tUS$430.3bUS$82.1b30.4x69.3x13.2x
Sat, 14 Dec 2024US$5.7tUS$426.3bUS$79.0b33.7x71.7x13.3x
Mon, 11 Nov 2024US$6.0tUS$405.4bUS$69.3b33.7x87.2x14.9x
Wed, 09 Oct 2024US$5.6tUS$406.7bUS$86.2b30.3x65.3x13.8x
Fri, 06 Sep 2024US$4.7tUS$398.7bUS$88.6b29x53.5x11.9x
Sun, 04 Aug 2024US$4.7tUS$384.8bUS$78.9b27.5x59.2x12.1x
Tue, 02 Jul 2024US$5.4tUS$385.2bUS$82.8b30.1x65.7x14.1x
Thu, 30 May 2024US$5.1tUS$379.8bUS$81.8b30.1x62.7x13.5x
Sat, 27 Apr 2024US$4.3tUS$363.0bUS$69.1b26.7x61.7x11.7x
Mon, 25 Mar 2024US$4.5tUS$363.7bUS$67.0b26x67.6x12.5x
Wed, 21 Feb 2024US$3.8tUS$343.3bUS$56.3b28.9x66.9x11x
Fri, 19 Jan 2024US$3.4tUS$343.0bUS$53.6b29.4x62.9x9.8x
Sun, 17 Dec 2023US$3.1tUS$342.7bUS$54.7b27.9x57.4x9.2x
Tue, 14 Nov 2023US$2.8tUS$330.6bUS$46.4b26.6x59.7x8.4x
Thu, 12 Oct 2023US$2.7tUS$334.3bUS$48.8b25.4x55.4x8.1x
Sat, 09 Sep 2023US$2.6tUS$334.1bUS$51.8b25.5x51.1x7.9x
Mon, 07 Aug 2023US$2.7tUS$326.1bUS$46.3b25x57.8x8.2x
Wed, 05 Jul 2023US$2.6tUS$333.0bUS$47.2b25.8x55.5x7.9x
Fri, 02 Jun 2023US$2.5tUS$337.5bUS$50.9b25x48.7x7.3x
Sun, 30 Apr 2023US$2.0tUS$341.9bUS$53.2b20.1x37.6x5.9x
Tue, 28 Mar 2023US$2.0tUS$351.8bUS$69.1b18.4x29.2x5.7x
Price to Earnings Ratio

29.2x


Total Market Cap: US$2.0tTotal Earnings: US$69.1bTotal Revenue: US$351.8bTotal 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 41.3x which is lower than its 3-year average PE of 58.9x.
  • The 3-year average PS ratio of 11.8x is lower than the industry's current PS ratio of 13.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductors industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 19% 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-1.86%
Tech-1.70%
Semiconductors-1.94%
Semiconductors-2.79%
Semiconductor Equipment5.54%
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
ARM Arm HoldingsUS$132.3514.3%
+US$17.6b		11.2%PE175.5x
AMD Advanced Micro DevicesUS$201.334.1%
+US$12.9b		89.1%PE76.9x
TSEM Tower SemiconductorUS$163.6331.2%
+US$4.4b		327.8%PE83.5x
ADI Analog DevicesUS$309.431.1%
+US$1.6b		51.4%PE55.8x
MPWR Monolithic Power SystemsUS$1.07k1.5%
+US$798.7m		80.9%PE84.5x

Latest News

MPWR
US$1,068.85
Monolithic Power Systems
7D
1.5%
1Y
80.9%

MPWR: Recent Index Inclusion And Dividend Increase Will Support Higher Future Multiples

The analyst fair value estimate for Monolithic Power Systems has increased from $925 to $1,500, reflecting higher assumed revenue growth, profit margins, and a richer future P/E multiple that analysts attribute to a series of recent price target increases and upgrades across major research firms. Analyst Commentary Recent Street research on Monolithic Power Systems reflects a cluster of higher price targets and fresh upgrades in a short time frame.
MU
US$422.90
Micron Technology
7D
-0.8%
1Y
346.5%
TSEM
US$163.63
Tower Semiconductor
7D
31.2%
1Y
327.8%

Tower Semiconductor (TSEM): The Analog Engine Powering the AI Power Delivery Boom

Tower Semiconductor (TSEM) is emerging as a critical "sleeper" in the 2026 AI infrastructure trade, closing the March 18 session at $141.96 USD. While most investors focus on GPU manufacturers, Tower has carved out a dominant niche in high-value analog solutions, specifically in Silicon Photonics (SiPho) and power management.
MCHP
US$62.97
Microchip Technology
7D
1.7%
1Y
21.8%
LSCC
US$88.62
Lattice Semiconductor
7D
3.3%
1Y
46.1%

LSCC: AI Edge And Industrial Auto Demand Will Support Future Upside

Lattice Semiconductor's updated analyst price target has moved from $81.23 to $114.71, as analysts point to higher modeled revenue growth and a richer future P/E assumption that more than offset slightly lower profit margin expectations. Analyst Commentary Recent Street research around Lattice Semiconductor has centered on higher price targets and generally positive initiation views, with analysts updating their models around revenue expectations, P/E assumptions, and execution in key end markets.
ALAB
US$116.04
Astera Labs
7D
-3.5%
1Y
63.2%
AMD
US$201.33
Advanced Micro Devices
7D
4.1%
1Y
89.1%

AMD: Expanded Meta And OpenAI AI Agreements Will Support Future Upside

Analysts have lifted the fair value estimate for AMD by about $6 to $289.61. This reflects updated assumptions around higher profit margins, slightly stronger revenue growth, a lower future P/E multiple, and recent Street research highlighting expanded GPU partnerships with Meta, OpenAI, and large customers across data center and AI workloads.
NVDA
US$172.70
NVIDIA
7D
-4.2%
1Y
46.7%
CRDO
US$103.40
Credo Technology Group Holding
7D
-12.1%
1Y
123.1%

CRDO: AI Datacenter Connectivity Traction Will Drive Future Upside Potential

Analysts have lowered their average price targets on Credo Technology Group Holding to roughly $40 to $60 per share, citing sector wide multiple compression. They also highlight solid recent results, higher outer year EPS estimates and continued traction in active electrical cables and optical products.
AVGO
US$310.51
Broadcom
7D
-3.6%
1Y
62.0%

AVGO: AI Infrastructure Demand Will Support Long Range Upside Despite Multiple Reset

Broadcom's analyst-derived fair value estimate has been adjusted higher to about $472, as analysts factor in stronger AI driven revenue expectations, easing margin concerns and increased long term visibility, which is reflected in a range of recent price target moves clustered around $450 to $545. Analyst Commentary Recent Street research around Broadcom clusters around AI driven growth, execution on custom silicon and networking, and the visibility of management’s long range AI revenue outlook.
SMTC
US$73.60
Semtech
7D
-13.3%
1Y
85.8%
GFS
US$43.08
GLOBALFOUNDRIES
7D
2.9%
1Y
11.5%

GFS: Evolving Expectations On Execution And Capital Actions Will Shape Future Upside

Analysts have raised their average price targets on GLOBALFOUNDRIES by a range of $4 to $20, citing updated expectations on growth, profitability and valuation, even though the model fair value estimate remains at $43.00. Analyst Commentary Street research on GLOBALFOUNDRIES has been active, with several firms adjusting their price targets across a wide range, including both increases and at least one very large downward move.
INTC
US$43.87
Intel
7D
-4.2%
1Y
80.8%

Intel Corp (INTC): The 18A Node Pivot and the "Foundry First" Transformation

Intel (INTC) concluded the March 16, 2026, trading session at $45.74 USD on the NASDAQ, ending the day with a 0.30% gain amid a volatile session that saw an intraday high of $49.17. Since your last update on March 1st, the stock has experienced significant "choppiness" as investors digest the launch of the Core Ultra 200S Plus series and wait for supply constraints to ease.
TXN
US$187.19
Texas Instruments
7D
-1.9%
1Y
4.6%

TXN: Evolving Capex And Inventory Framework Will Support Stronger Future Cash Generation

Texas Instruments' analyst price targets have broadly moved higher, with several firms lifting their views by $5 to $45 as analysts factor in updated capex plans, inventory intentions, and expectations for the company's revenue and free cash flow scenarios. Analyst Commentary Bullish analysts are largely focused on Texas Instruments' updated capital plans, inventory framework, and potential for free cash flow, using these inputs to refresh their valuation work and lift price targets across the board.
ADI
US$309.43
Analog Devices
7D
1.1%
1Y
51.4%

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.
ARM
US$132.35
Arm Holdings
7D
14.3%
1Y
11.2%

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.