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U.S. Semiconductors Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies129
  • 7D5.9%
  • 3M37.0%
  • 1Y104.1%
  • YTD40.4%

Over the last 7 days, the Semiconductors industry has risen 5.9%, driven by gains from NVIDIA of 8.7%. This takes the industry's 12 month performance to a gain of 104%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 May 2026US$7.1tUS$707.7bUS$220.8b63.4x32.2x10.1x
Sat, 11 Apr 2026US$9.8tUS$697.9bUS$215.5b41.3x45.6x14.1x
Mon, 09 Mar 2026US$8.8tUS$682.0bUS$203.4b39.4x43x12.8x
Wed, 04 Feb 2026US$9.2tUS$642.6bUS$176.9b42.2x52.3x14.4x
Fri, 02 Jan 2026US$8.8tUS$640.8bUS$176.4b35.8x49.8x13.7x
Sun, 30 Nov 2025US$8.8tUS$631.0bUS$166.0b36.1x52.8x13.9x
Tue, 28 Oct 2025US$8.8tUS$599.6bUS$158.5b40.3x55.5x14.7x
Thu, 25 Sep 2025US$8.1tUS$597.4bUS$136.9b34.8x59.4x13.6x
Sat, 23 Aug 2025US$7.6tUS$573.3bUS$118.6b30.1x64.2x13.3x
Mon, 21 Jul 2025US$7.6tUS$566.4bUS$118.3b31.1x64x13.4x
Wed, 18 Jun 2025US$6.6tUS$563.8bUS$116.8b26.8x56.6x11.7x
Fri, 16 May 2025US$6.2tUS$541.4bUS$108.9b23.5x56.8x11.4x
Sun, 13 Apr 2025US$5.0tUS$537.4bUS$108.9b23x45.9x9.3x
Tue, 11 Mar 2025US$5.4tUS$536.2bUS$108.3b28.1x49.6x10x
Thu, 06 Feb 2025US$5.8tUS$513.9bUS$94.9b31.4x61.2x11.3x
Sat, 04 Jan 2025US$6.3tUS$513.5bUS$96.7b31.2x64.9x12.2x
Mon, 02 Dec 2024US$6.0tUS$505.1bUS$93.4b30.2x64.4x11.9x
Wed, 30 Oct 2024US$6.2tUS$489.1bUS$101.3b31x61.7x12.8x
Fri, 27 Sep 2024US$5.8tUS$489.3bUS$101.8b28.8x57.4x11.9x
Sun, 25 Aug 2024US$6.0tUS$466.0bUS$94.2b28.9x63.5x12.8x
Tue, 23 Jul 2024US$5.8tUS$467.9bUS$96.6b27.8x59.8x12.3x
Thu, 20 Jun 2024US$6.5tUS$464.9bUS$94.3b30.2x68.8x14x
Sat, 18 May 2024US$5.1tUS$444.9bUS$83.4b29.5x61x11.4x
Mon, 15 Apr 2024US$4.8tUS$447.5bUS$81.6b28.8x59x10.8x
Wed, 13 Mar 2024US$4.8tUS$446.3bUS$78.2b29.5x61.6x10.8x
Fri, 09 Feb 2024US$4.2tUS$429.5bUS$71.3b29x58.7x9.7x
Sun, 07 Jan 2024US$3.5tUS$433.3bUS$69.5b26.2x49.8x8x
Tue, 05 Dec 2023US$3.2tUS$432.3bUS$70.4b24.8x45.5x7.4x
Thu, 02 Nov 2023US$2.8tUS$424.5bUS$63.9b21x43.4x6.5x
Sat, 30 Sep 2023US$2.9tUS$428.2bUS$65.8b24.7x44.7x6.9x
Mon, 28 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Wed, 26 Jul 2023US$3.1tUS$429.2bUS$67.3b23.5x46.5x7.3x
Fri, 23 Jun 2023US$3.0tUS$434.1bUS$71.9b23.6x41.1x6.8x
Sun, 21 May 2023US$2.5tUS$434.7bUS$70.4b21.1x35.8x5.8x
Price to Earnings Ratio

35.8x


Total Market Cap: US$2.5tTotal Earnings: US$70.4bTotal Revenue: US$434.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 54.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Semiconductor 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 32.2x which is lower than its 3-year average PE of 54.3x.
  • The industry is trading close to its 3-year average PS ratio of 11.1x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 46% 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 Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.55%
Tech3.17%
Semiconductors5.91%
Semiconductors6.48%
Semiconductor Equipment0.86%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 31.7x.
    • Analysts expect its future annual earnings growth (20.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.2x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 21% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NVDA NVIDIAUS$225.838.7%
+US$420.3b		66.9%PE45.6x
MU Micron TechnologyUS$803.6320.6%
+US$154.5b		743.1%PE37.6x
AMD Advanced Micro DevicesUS$445.505.7%
+US$39.3b		278.4%PE147.3x
INTC IntelUS$120.296.4%
+US$36.6b		459.0%PS11.2x
TXN Texas InstrumentsUS$306.345.8%
+US$15.4b		63.5%PE52.2x

Latest News

NVDA
US$225.83
NVIDIA
7D
8.7%
1Y
66.9%
MU
US$803.63
Micron Technology
7D
20.6%
1Y
743.1%
TXN
US$306.34
Texas Instruments
7D
5.8%
1Y
63.5%
AMD
US$445.50
Advanced Micro Devices
7D
5.7%
1Y
278.4%
QCOM
US$213.17
QUALCOMM
7D
5.2%
1Y
39.7%
INTC
US$120.29
Intel
7D
6.4%
1Y
459.0%
ADI
US$432.39
Analog Devices
7D
4.0%
1Y
90.6%
Seeking Alpha • May 13

Analog Devices: Multiple Catalysts Driven By Multiple Megatrends

Summary Analog Devices (ADI) is poised for accelerated growth, driven by industrials and communications markets, with substantial tailwinds from data center and power infrastructure investments. ADI is positioned to benefit from $6.7 trillion in global data center development and $1.4 trillion in US grid investments over the next five years. Strong catalysts include automated test equipment demand, aerospace & defense investments, and lunar mission infrastructure, supporting a forecasted 31% top-line growth and 548bps margin expansion in eFY26. I reiterate my Buy rating on ADI with a $529/share price target at 20.67x eFY28 EV/aEBITDA, while recognizing current valuation premium and potential upside to $639/share in a blue-sky scenario. Read the full article on Seeking Alpha
FORM
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FormFactor
7D
-13.3%
1Y
288.3%
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FormFactor's (NASDAQ:FORM) Performance Is Even Better Than Its Earnings Suggest

The subdued stock price reaction suggests that FormFactor, Inc.'s ( NASDAQ:FORM ) strong earnings didn't offer any...
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