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U.S. Semiconductors Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies129
  • 7D3.7%
  • 3M45.1%
  • 1Y112.4%
  • YTD44.1%

Over the last 7 days, the Semiconductors industry has risen 3.7%, driven by gains from Micron Technology of 29%. In the last 12 months, the industry was up 112%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026US$7.9tUS$747.9bUS$261.7b66.9x30.3x10.6x
Tue, 28 Apr 2026US$6.2tUS$700.2bUS$213.4b49.2x29.3x8.9x
Thu, 26 Mar 2026US$9.0tUS$697.5bUS$215.5b40.9x41.5x12.8x
Sat, 21 Feb 2026US$9.3tUS$647.8bUS$180.1b43x51.7x14.4x
Mon, 19 Jan 2026US$9.2tUS$640.8bUS$176.4b43.4x52.4x14.4x
Wed, 17 Dec 2025US$8.5tUS$635.8bUS$173.0b36.8x49x13.3x
Fri, 14 Nov 2025US$9.0tUS$610.5bUS$153.3b34.2x58.8x14.8x
Sun, 12 Oct 2025US$8.3tUS$597.4bUS$137.3b35.3x60.6x13.9x
Tue, 09 Sep 2025US$7.6tUS$593.8bUS$134.6b33.7x56.8x12.9x
Thu, 07 Aug 2025US$7.7tUS$572.1bUS$118.7b27.8x64.7x13.4x
Sat, 05 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.9x12.7x
Mon, 02 Jun 2025US$6.1tUS$561.2bUS$113.9b24.7x53.6x10.9x
Wed, 30 Apr 2025US$5.1tUS$537.1bUS$108.4b22.9x47.1x9.5x
Fri, 28 Mar 2025US$5.3tUS$537.5bUS$108.8b25.5x48.7x9.9x
Sun, 23 Feb 2025US$6.2tUS$515.3bUS$93.8b32.5x66.1x12x
Tue, 21 Jan 2025US$6.4tUS$513.5bUS$96.7b33.1x66.5x12.5x
Thu, 19 Dec 2024US$6.2tUS$509.5bUS$93.6b30.7x66.2x12.1x
Sat, 16 Nov 2024US$6.3tUS$488.6bUS$83.6b30.5x75.2x12.9x
Mon, 14 Oct 2024US$6.2tUS$489.2bUS$101.8b28.1x61x12.7x
Wed, 11 Sep 2024US$5.1tUS$485.4bUS$99.5b25.8x51.3x10.5x
Fri, 09 Aug 2024US$4.8tUS$467.2bUS$94.5b26.6x50.9x10.3x
Sun, 07 Jul 2024US$6.2tUS$467.9bUS$96.6b30.8x64.1x13.2x
Tue, 04 Jun 2024US$5.5tUS$462.6bUS$95.6b29.4x57.1x11.8x
Thu, 02 May 2024US$4.6tUS$446.2bUS$83.2b28x54.8x10.2x
Sat, 30 Mar 2024US$5.0tUS$448.2bUS$81.2b29.2x61x11.1x
Mon, 26 Feb 2024US$4.5tUS$443.4bUS$81.1b30.9x56x10.2x
Wed, 24 Jan 2024US$4.0tUS$433.1bUS$69.5b27.2x57.2x9.2x
Fri, 22 Dec 2023US$3.5tUS$433.3bUS$69.5b27.3x50.4x8.1x
Sun, 19 Nov 2023US$3.3tUS$420.6bUS$62.1b24.5x52.5x7.7x
Tue, 17 Oct 2023US$3.1tUS$427.9bUS$65.8b25.1x46.4x7.1x
Thu, 14 Sep 2023US$3.1tUS$430.8bUS$69.1b25.4x44.3x7.1x
Sat, 12 Aug 2023US$2.9tUS$419.7bUS$62.9b25.1x45.9x6.9x
Mon, 10 Jul 2023US$3.0tUS$429.1bUS$67.3b22.7x43.9x6.9x
Wed, 07 Jun 2023US$2.8tUS$434.2bUS$71.9b23.2x39.3x6.5x
Price to Earnings Ratio

39.3x


Total Market Cap: US$2.8tTotal Earnings: US$71.9bTotal Revenue: US$434.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 54.2x202420252026
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 30.3x which is lower than its 3-year average PE of 54.2x.
  • 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 54% per year over the last three years.
  • Revenues for these companies have grown 20% 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 Market1.58%
Tech4.73%
Semiconductors3.74%
Semiconductors3.82%
Semiconductor Equipment3.02%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 32.3x.
    • Analysts are expecting annual earnings growth of 21.6%, which is lower than the prior year's growth of 25.6% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 22% 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
MU Micron TechnologyUS$971.0029.3%
+US$248.1b		927.9%PE45.4x
AVGO BroadcomUS$446.777.9%
+US$154.5b		84.6%PE84.7x
AMD Advanced Micro DevicesUS$516.1010.4%
+US$79.2b		366.1%PE170.6x
ARM Arm HoldingsUS$353.2915.3%
+US$51.2b		183.7%PE417.4x
LRCX Lam ResearchUS$318.184.2%
+US$16.0b		293.8%PE59.3x

Latest News

INTC
US$114.68
Intel
7D
-4.3%
1Y
486.6%
Seeking Alpha • 10h

Intel: The AI Trade Is Shifting To CPUs Now

Summary I was cautious about Intel before, but Q1 forced me to take the turnaround more seriously. I still own a small position, but I'm not adding yet. What changed is that CPUs no longer look like yesterday’s business. Server demand, pricing, and Google’s ASIC deal made me rethink Intel’s place in AI infrastructure. Intel's ASIC business was a genuine surprise. CFO Zinsner confirmed on the Q1 call that it already exceeds $1 billion in annual revenue and nearly doubled YoY. At 110x forward P/E against AMD's 70x and Nvidia's 24x, I think the stock prices in a second-half supply and margin recovery that has yet to materialize. Read the full article on Seeking Alpha
NVDA
US$211.14
NVIDIA
7D
-1.9%
1Y
56.2%
TXN
US$305.68
Texas Instruments
7D
-1.1%
1Y
67.2%
MU
US$971.00
Micron Technology
7D
29.3%
1Y
927.9%
GFS
US$79.97
GLOBALFOUNDRIES
7D
-6.6%
1Y
123.4%
ADI
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Analog Devices
7D
4.2%
1Y
93.4%
LRCX
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Lam Research
7D
4.2%
1Y
293.8%
QCOM
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QUALCOMM
7D
5.4%
1Y
72.9%
Seeking Alpha • May 29

Qualcomm Is Not The Next Micron

Summary Qualcomm has surged on AI optimism, but its current valuation is overextended and unjustified by fundamentals. QCOM's AI exposure, including the ByteDance ASIC deal and Alphawave acquisition, is promising but remains speculative amid intense competition. Unlike Micron, QCOM lacks a critical market bottleneck or sustainable competitive moat in AI infrastructure. I rate QCOM a Sell, citing overvaluation, technical weakness, a flat earnings outlook, and persistent smartphone revenue headwinds. Read the full article on Seeking Alpha
CBRS
US$236.99
Cerebras Systems
7D
-7.7%
1Y
n/a
AVGO
US$446.77
Broadcom
7D
7.9%
1Y
84.6%
ARM
US$353.29
Arm Holdings
7D
15.3%
1Y
183.7%
AXTI
US$103.16
AXT
7D
-26.7%
1Y
6,731.8%
AMAT
US$450.06
Applied Materials
7D
4.1%
1Y
187.1%
AMD
US$516.10
Advanced Micro Devices
7D
10.4%
1Y
366.1%
TSEM
US$255.23
Tower Semiconductor
7D
-9.9%
1Y
547.1%
MTSI
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MACOM Technology Solutions Holdings
7D
-5.5%
1Y
199.8%