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U.S. Semiconductors Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies90
  • 7D-1.8%
  • 3M-2.8%
  • 1Y46.9%
  • YTDn/a

Over the last 7 days, the Semiconductors industry has dropped 1.8%, driven by Advanced Micro Devices declining 15%. In contrast, Arm Holdings has gained 16%. In the past year, the industry has gained 47%. 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
Mon, 09 Feb 2026US$8.3tUS$549.2bUS$158.2b44.7x52.3x15.1x
Wed, 07 Jan 2026US$8.2tUS$544.9bUS$157.3b37.4x52.1x15.1x
Fri, 05 Dec 2025US$8.2tUS$535.9bUS$149.7b37.4x54.9x15.3x
Sun, 02 Nov 2025US$8.7tUS$510.6bUS$139.9b41.5x61.9x17x
Tue, 30 Sep 2025US$7.7tUS$508.0bUS$120.6b40.1x63.7x15.1x
Thu, 28 Aug 2025US$7.4tUS$483.8bUS$102.5b37.2x72.4x15.3x
Sat, 26 Jul 2025US$7.1tUS$479.9bUS$101.5b30.9x70.1x14.8x
Mon, 23 Jun 2025US$6.1tUS$476.9bUS$101.3b30.2x60.4x12.8x
Wed, 21 May 2025US$5.7tUS$454.8bUS$93.8b25.1x60.8x12.5x
Fri, 18 Apr 2025US$4.4tUS$452.5bUS$94.7b18.4x46x9.6x
Sun, 16 Mar 2025US$5.2tUS$452.4bUS$93.9b28.9x55.1x11.4x
Tue, 11 Feb 2025US$5.6tUS$430.3bUS$80.6b27.5x69.7x13.1x
Thu, 09 Jan 2025US$6.0tUS$430.2bUS$82.1b30.7x72.6x13.9x
Sat, 07 Dec 2024US$5.9tUS$421.6bUS$78.3b34.5x74.8x13.9x
Mon, 04 Nov 2024US$5.6tUS$405.2bUS$68.7b29x81.3x13.8x
Wed, 02 Oct 2024US$5.3tUS$406.8bUS$86.2b30.3x61.8x13.1x
Fri, 30 Aug 2024US$5.3tUS$399.7bUS$88.8b31.5x59.5x13.2x
Sun, 28 Jul 2024US$5.0tUS$384.1bUS$82.1b27.2x61.4x13.1x
Tue, 25 Jun 2024US$5.6tUS$382.1bUS$80.6b30x69x14.6x
Thu, 23 May 2024US$4.6tUS$362.1bUS$69.6b31.4x66.1x12.7x
Sat, 20 Apr 2024US$4.1tUS$363.0bUS$67.4b24.2x60.8x11.3x
Mon, 18 Mar 2024US$4.3tUS$361.5bUS$64.0b27.7x67.1x11.9x
Wed, 14 Feb 2024US$3.8tUS$343.3bUS$56.3b28.6x68.1x11.2x
Fri, 12 Jan 2024US$3.2tUS$343.1bUS$53.6b29.2x60.4x9.4x
Sun, 10 Dec 2023US$2.9tUS$342.5bUS$54.7b25.9x52.3x8.3x
Tue, 07 Nov 2023US$2.6tUS$331.0bUS$47.0b26.2x56.2x8x
Thu, 05 Oct 2023US$2.6tUS$334.3bUS$48.8b24.8x53.6x7.8x
Sat, 02 Sep 2023US$2.7tUS$334.3bUS$51.8b26x52.8x8.2x
Mon, 31 Jul 2023US$2.8tUS$330.3bUS$48.6b25.3x57.2x8.4x
Wed, 28 Jun 2023US$2.6tUS$338.0bUS$51.7b26.2x49.7x7.6x
Fri, 26 May 2023US$2.1tUS$338.6bUS$50.3b22.5x41.9x6.2x
Sun, 23 Apr 2023US$2.0tUS$347.6bUS$64.4b20.5x31.2x5.8x
Tue, 21 Mar 2023US$2.0tUS$351.5bUS$69.1b18.5x29.2x5.7x
Thu, 16 Feb 2023US$1.9tUS$349.4bUS$69.2b20.2x28.1x5.6x
Price to Earnings Ratio

28.1x


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 52.3x which is lower than its 3-year average PE of 58.2x.
  • The 3-year average PS ratio of 11.4x is lower than the industry's current PS ratio of 15.1x.
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 Market-0.071%
Tech-1.49%
Semiconductors-1.41%
Semiconductors-1.75%
Semiconductor Equipment1.73%
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$123.7015.7%
+US$17.9b		-23.1%PE164x
INTC IntelUS$50.593.6%
+US$8.9b		155.9%PS4.8x
AVGO BroadcomUS$332.920.5%
+US$8.6b		41.6%PE68.3x
ADI Analog DevicesUS$320.453.1%
+US$4.7b		56.2%PE69.1x
MPWR Monolithic Power SystemsUS$1.23k4.8%
+US$3.7b		74.4%PE97.3x

Latest News

MPWR
US$1,229.82
Monolithic Power Systems
7D
4.8%
1Y
74.4%
ADI
US$320.45
Analog Devices
7D
3.1%
1Y
56.2%

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$185.41
NVIDIA
7D
-0.1%
1Y
38.8%

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.
QCOM
US$137.34
QUALCOMM
7D
-10.0%
1Y
-19.9%

QCOM: AI And Advanced Node Efforts Will Counter Handset Cycle Concerns

Analysts have trimmed their price targets on QUALCOMM, bringing our fair value estimate down to US$134.00 from about US$157.50. This reflects more cautious assumptions on revenue growth, profit margins, and future P/E after a series of target cuts and downgrades tied to handset market concerns.
ARM
US$123.70
Arm Holdings
7D
15.7%
1Y
-23.1%

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.
ALAB
US$169.85
Astera Labs
7D
12.8%
1Y
67.7%
INTC
US$50.59
Intel
7D
3.6%
1Y
155.9%
TXN
US$221.44
Texas Instruments
7D
-1.6%
1Y
22.8%

Investors Appear Satisfied With Texas Instruments Incorporated's (NASDAQ:TXN) Prospects As Shares Rocket 26%

Feb 05
Investors Appear Satisfied With Texas Instruments Incorporated's (NASDAQ:TXN) Prospects As Shares Rocket 26%
SLAB
US$206.50
Silicon Laboratories
7D
44.0%
1Y
41.1%

SLAB: Downgrades And Deal Uncertainty Will Cap Upside Potential

The updated analyst price target for Silicon Laboratories moves from US$150.44 to US$164.13, with analysts pointing to revised profit margin assumptions and a lower projected future P/E multiple, even as several firms have shifted to more neutral or Hold ratings following recent deal commentary. Analyst Commentary Recent research updates cluster around a more cautious stance, with several firms shifting to Hold or neutral views following deal related headlines.
AMD
US$208.44
Advanced Micro Devices
7D
-15.4%
1Y
88.7%

AMD: AI Data Center Demand Will Drive Long-Term Earnings Power

Analysts have raised their price targets on Advanced Micro Devices by up to $30, citing healthy server demand, confidence in the AI accelerator roadmap, and updated assumptions for growth, margins, and a higher future P/E multiple in their models. Analyst Commentary Recent research on Advanced Micro Devices has tilted clearly constructive, with several bullish analysts revisiting their models and assumptions around AI, servers, and long term earnings power.
NXPI
US$224.32
NXP Semiconductors
7D
-2.9%
1Y
6.8%

NXPI: Future Edge AI And Auto Platforms Will Drive Undervalued Upside

Analysts have made a modest upward adjustment to their price target for NXP Semiconductors, with the new fair value estimate rising from about US$307.80 to roughly US$312.68. This reflects updated views on profit margins, discount rate, revenue assumptions and a lower future P/E after a mix of recent target hikes and cuts across major firms.
AVGO
US$332.92
Broadcom
7D
0.5%
1Y
41.6%

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.
CRDO
US$111.40
Credo Technology Group Holding
7D
-7.1%
1Y
44.5%

CRDO: Neutral Stances Will Balance AI Scaling Prospects And Execution Risks

Analysts raised their price target on Credo Technology Group Holding by about $45.68 to roughly $117.68 per share, citing updated assumptions for revenue growth, profit margins and future P/E, as well as recent Street research that includes a neutral initiation and a higher target from major firms. Analyst Commentary Recent Street research on Credo Technology Group Holding points to a mixed setup, with some analysts expressing caution even as they update their models and targets.
MU
US$394.69
Micron Technology
7D
-9.8%
1Y
311.4%

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.
FSLR
US$218.73
First Solar
7D
-5.1%
1Y
34.3%
ON
US$65.20
ON Semiconductor
7D
6.0%
1Y
38.6%

ON: Buybacks And Automotive Wins Will Shape Balanced Prospects Ahead

Analysts have lifted their price target for ON Semiconductor to US$63.00 from US$58.70, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E that collectively support a higher fair value estimate. What's in the News ON Semiconductor has been removed from the NASDAQ-100 Index, which can affect index-linked fund ownership and trading volumes for the stock.