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U.S. Semiconductors Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies129
  • 7D3.3%
  • 3M17.9%
  • 1Y110.8%
  • YTD20.3%

In the last week, the Semiconductors industry is up 3.3%, with Broadcom up 5.4%. This means that the industry has gained 111% over the past year. Looking forward, 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, 25 Apr 2026US$10.8tUS$699.3bUS$216.3b48.3x49.8x15.4x
Mon, 23 Mar 2026US$8.7tUS$697.5bUS$215.5b39.6x40.4x12.5x
Wed, 18 Feb 2026US$9.2tUS$646.8bUS$179.6b42.3x51x14.1x
Fri, 16 Jan 2026US$9.1tUS$640.8bUS$176.4b43.7x51.7x14.2x
Sun, 14 Dec 2025US$8.6tUS$635.7bUS$173.0b37x49.4x13.5x
Tue, 11 Nov 2025US$9.1tUS$610.5bUS$153.5b36.4x59x14.8x
Thu, 09 Oct 2025US$8.5tUS$597.4bUS$137.3b38.4x62x14.3x
Sat, 06 Sep 2025US$7.6tUS$593.8bUS$134.6b32x56.4x12.8x
Mon, 04 Aug 2025US$7.5tUS$570.1bUS$118.2b28.5x63.7x13.2x
Wed, 02 Jul 2025US$7.1tUS$566.4bUS$118.3b28.3x60.1x12.6x
Fri, 30 May 2025US$6.2tUS$560.5bUS$113.5b25.3x55x11.1x
Sun, 27 Apr 2025US$5.2tUS$538.8bUS$108.9b24.2x47.4x9.6x
Tue, 25 Mar 2025US$5.5tUS$539.4bUS$108.9b30.1x50.2x10.1x
Thu, 20 Feb 2025US$6.4tUS$515.5bUS$94.1b32x67.7x12.4x
Sat, 18 Jan 2025US$6.3tUS$513.5bUS$96.7b33.1x65.6x12.4x
Mon, 16 Dec 2024US$6.2tUS$509.6bUS$93.6b31.9x66.5x12.2x
Wed, 13 Nov 2024US$6.3tUS$488.2bUS$84.1b30.7x75.3x13x
Fri, 11 Oct 2024US$6.2tUS$489.2bUS$101.8b27.8x60.6x12.6x
Sun, 08 Sep 2024US$5.0tUS$485.4bUS$99.5b25.8x49.8x10.2x
Tue, 06 Aug 2024US$5.1tUS$468.2bUS$92.9b25.7x55x10.9x
Thu, 04 Jul 2024US$6.2tUS$467.9bUS$96.6b30.8x64.6x13.3x
Sat, 01 Jun 2024US$5.5tUS$462.6bUS$95.6b29.5x57.2x11.8x
Mon, 29 Apr 2024US$4.8tUS$446.9bUS$83.2b28.1x57.3x10.7x
Wed, 27 Mar 2024US$5.0tUS$448.2bUS$81.2b28.8x61.5x11.2x
Fri, 23 Feb 2024US$4.2tUS$443.4bUS$81.1b31.1x51.6x9.4x
Sun, 21 Jan 2024US$3.9tUS$433.2bUS$69.5b27x56.5x9.1x
Tue, 19 Dec 2023US$3.6tUS$432.7bUS$70.6b25.4x50.6x8.3x
Thu, 16 Nov 2023US$3.2tUS$420.7bUS$62.2b25.3x52.2x7.7x
Sat, 14 Oct 2023US$3.0tUS$427.9bUS$65.8b25x45.8x7x
Mon, 11 Sep 2023US$3.0tUS$428.0bUS$68.7b25.4x43.9x7x
Wed, 09 Aug 2023US$3.1tUS$420.1bUS$63.4b23.1x48.3x7.3x
Fri, 07 Jul 2023US$2.9tUS$429.1bUS$67.3b22.8x43.7x6.9x
Sun, 04 Jun 2023US$2.9tUS$434.3bUS$71.9b22.8x39.7x6.6x
Tue, 02 May 2023US$2.4tUS$437.3bUS$73.7b18.5x32.1x5.4x
Price to Earnings Ratio

32.1x


Total Market Cap: US$2.4tTotal Earnings: US$73.7bTotal Revenue: US$437.3bTotal 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 49.8x which is lower than its 3-year average PE of 54.2x.
  • The 3-year average PS ratio of 10.9x is lower than the industry's current PS ratio of 15.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 43% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market0.69%
Tech1.96%
Semiconductors3.27%
Semiconductors3.33%
Semiconductor Equipment2.76%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 31.0x.
    • Analysts are expecting annual earnings growth of 19.7%, which is higher than its past year's earnings decline of 3.2% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.3x.
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 9.7% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 20% 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
AVGO BroadcomUS$419.945.4%
+US$101.7b		123.2%PE79.6x
TXN Texas InstrumentsUS$282.2326.5%
+US$53.7b		74.1%PE48.1x
ARM Arm HoldingsUS$204.6126.0%
+US$44.9b		82.7%PE271.3x
AMD Advanced Micro DevicesUS$305.339.7%
+US$44.1b		223.2%PE116.6x
MRVL Marvell TechnologyUS$165.5624.1%
+US$28.1b		188.8%PE54.2x

Latest News

OLED
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Universal Display
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1Y
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Intel
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1Y
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TXN
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Texas Instruments
7D
20.6%
1Y
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MRVL
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Marvell Technology
7D
17.6%
1Y
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TOYO
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TOYO
7D
-9.1%
1Y
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TSEM
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Tower Semiconductor
7D
-11.5%
1Y
435.0%

TSEM: Higher Multiple Dependence Will Pressure Future Earnings Resilience

Analysts have raised their price targets on Tower Semiconductor, supporting a higher fair value estimate of $173.00 as they factor in updated assumptions around the discount rate, profit margin, and future P/E levels. Analyst Commentary Recent Street research on Tower Semiconductor clusters around higher price targets, as analysts incorporate updated views on discount rates, profitability, and P/E assumptions.
AVGO
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Broadcom
7D
4.0%
1Y
119.8%
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1Y
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ARM
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Arm Holdings
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AMD
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Advanced Micro Devices
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ICG
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Intchains Group
7D
-22.0%
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Analysts have made a small adjustment to their price target on Intchains Group, reflecting slightly updated assumptions for fair value, discount rate, profit margin, and future P/E. This should be viewed as a fine tuning of expectations rather than a major shift in sentiment.
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NA
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