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U.S. Semiconductors Industry Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies124
  • 7D-4.6%
  • 3M16.4%
  • 1Y42.5%
  • YTD45.0%

Over the last 7 days, the Semiconductors industry has dropped 4.6%, driven by NVIDIA declining 5.7%. This takes the industry's 12 month performance to a gain of 43%. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025US$9.1tUS$601.6bUS$156.8b36.9x57.8x15.1x
Sat, 04 Oct 2025US$8.6tUS$597.4bUS$137.3b37x62.4x14.3x
Mon, 01 Sep 2025US$7.6tUS$590.8bUS$129.0b33x59.3x12.9x
Wed, 30 Jul 2025US$7.7tUS$567.1bUS$116.8b27.9x66.2x13.6x
Fri, 27 Jun 2025US$7.0tUS$566.4bUS$118.3b28.4x59x12.3x
Sun, 25 May 2025US$5.9tUS$542.4bUS$109.5b25x54.3x11x
Tue, 22 Apr 2025US$4.7tUS$537.4bUS$108.9b21.4x43x8.7x
Thu, 20 Mar 2025US$5.4tUS$537.2bUS$108.1b29.8x50.3x10.1x
Sat, 15 Feb 2025US$6.3tUS$515.6bUS$94.1b32.2x66.9x12.2x
Mon, 13 Jan 2025US$6.2tUS$512.3bUS$96.7b30.7x64.2x12.1x
Wed, 11 Dec 2024US$6.1tUS$504.9bUS$92.9b31.2x65.5x12.1x
Fri, 08 Nov 2024US$6.4tUS$488.2bUS$83.9b30.6x76.2x13.1x
Sun, 06 Oct 2024US$5.9tUS$489.2bUS$101.8b28.6x58.1x12.1x
Tue, 03 Sep 2024US$5.7tUS$481.2bUS$104.2b29.5x54.7x11.8x
Thu, 01 Aug 2024US$5.7tUS$467.1bUS$95.9b27.5x59.7x12.2x
Sat, 29 Jun 2024US$6.0tUS$467.9bUS$96.6b29.5x62x12.8x
Mon, 27 May 2024US$5.5tUS$462.6bUS$95.6b29.9x57.1x11.8x
Wed, 24 Apr 2024US$4.5tUS$447.5bUS$81.6b25.5x55.2x10.1x
Fri, 22 Mar 2024US$4.9tUS$446.1bUS$78.1b28.9x62.4x10.9x
Sun, 18 Feb 2024US$4.4tUS$428.8bUS$71.0b29x61.5x10.2x
Tue, 16 Jan 2024US$3.7tUS$433.2bUS$69.5b25x52.7x8.5x
Thu, 14 Dec 2023US$3.4tUS$432.6bUS$70.6b25.1x47.6x7.8x
Sat, 11 Nov 2023US$3.1tUS$420.7bUS$61.9b23.9x49.4x7.3x
Mon, 09 Oct 2023US$3.0tUS$428.2bUS$65.8b25x46x7.1x
Wed, 06 Sep 2023US$3.1tUS$428.1bUS$68.7b26.4x45.8x7.3x
Fri, 04 Aug 2023US$3.1tUS$420.3bUS$63.5b22.6x48.4x7.3x
Sun, 02 Jul 2023US$3.0tUS$429.0bUS$67.3b23.9x44.7x7x
Tue, 30 May 2023US$2.9tUS$433.7bUS$71.0b23x40.3x6.6x
Thu, 27 Apr 2023US$2.3tUS$443.2bUS$85.0b18.2x26.8x5.1x
Sat, 25 Mar 2023US$2.4tUS$447.9bUS$90.3b17.8x26.4x5.3x
Mon, 20 Feb 2023US$2.2tUS$444.7bUS$90.3b17.7x24.4x5x
Wed, 18 Jan 2023US$2.0tUS$447.6bUS$96.4b17.9x21.2x4.6x
Fri, 16 Dec 2022US$2.0tUS$450.9bUS$98.9b16.6x19.8x4.3x
Sun, 13 Nov 2022US$2.0tUS$447.9bUS$98.5b16.5x20.3x4.5x
Price to Earnings Ratio

20.3x


Total Market Cap: US$2.0tTotal Earnings: US$98.5bTotal Revenue: US$447.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 50.1x202320242025
Current Industry PE
  • Investors are optimistic on the American Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 57.8x which is higher than its 3-year average PE of 50.1x.
  • The 3-year average PS ratio of 9.5x is lower than the industry's current PS ratio of 15.1x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market-1.58%
Tech-3.74%
Semiconductors-4.58%
Semiconductor Equipment1.57%
Semiconductors-5.03%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 55.4x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 8.7% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 26.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 8.7% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 12% 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$237.504.8%
+US$12.2b		112.4%PE31.2x
LRCX Lam ResearchUS$165.052.7%
+US$5.5b		115.0%PE35.7x
AMAT Applied MaterialsUS$240.792.1%
+US$4.0b		28.4%PE28.1x
FSLR First SolarUS$277.3914.8%
+US$3.8b		43.0%PE21.3x
TXN Texas InstrumentsUS$163.542.0%
+US$3.0b		-23.9%PE29.6x

Latest News

AMD
US$255.82
Advanced Micro Devices
7D
0.4%
1Y
70.8%
MRVL
US$92.90
Marvell Technology
7D
3.1%
1Y
2.5%
LSCC
US$63.15
Lattice Semiconductor
7D
-14.5%
1Y
16.6%
TER
US$187.59
Teradyne
7D
7.8%
1Y
72.1%
PI
US$180.11
Impinj
7D
-25.5%
1Y
-9.0%
AMAT
US$240.79
Applied Materials
7D
2.1%
1Y
28.4%
AVGO
US$358.98
Broadcom
7D
-7.0%
1Y
99.9%

AVGO: Upcoming AI Chip Production With Key Partner Will Shape Competitive Position

Broadcom's analyst price target has been raised from approximately $387 to $392, as analysts point to significant revenue and profit margin upside following recent AI-focused collaborations with OpenAI and positive supply chain checks. Analyst Commentary Analyst sentiment on Broadcom has grown increasingly favorable following major AI partnerships and a notable ramp in custom chip orders.
KLAC
US$1,227.10
KLA
7D
-0.7%
1Y
83.2%

KLAC: Future Demand From AI And Fab Investment Will Present Balanced Opportunities And Risks

KLA's analyst price target has increased significantly to $1,271.88 from $1,026.32. Analysts cite improving revenue growth forecasts and ongoing strength in the company's core markets as key drivers of optimism.
MU
US$237.50
Micron Technology
7D
4.8%
1Y
112.4%

MU: Future U.S. Production And AI Infrastructure Will Shape Memory Cycle Dynamics

Micron Technology's analyst price target has increased from $202.22 to $206.39. Analysts cite stronger DRAM pricing, long-term contract momentum, and the accelerating role of memory products in AI infrastructure as key drivers for the upward revision.
FSLR
US$277.39
First Solar
7D
14.8%
1Y
43.0%

FSLR: Domestic Manufacturing Expansion And Policy Tailwinds Will Offset Sector Risks

First Solar's analyst price target has increased from $238.59 to $259.11 per share, as analysts cite the company's resilient market position, margin stability, and favorable policy developments, even though expectations for near-term revenue growth have been somewhat tempered. Analyst Commentary Analyst reactions to First Solar's latest results and updated guidance reflect a mix of continued optimism for the company's long-term positioning and acknowledgement of industry headwinds affecting near-term performance.
MPWR
US$1,000.15
Monolithic Power Systems
7D
-8.6%
1Y
27.4%

MPWR: Enterprise Data Segment Will Drive Share Gains Into 2026

Analysts have increased their fair value estimate for Monolithic Power Systems from $979 to $1,161. This change reflects stronger-than-expected guidance and continued share gains in Enterprise Data and Industrial segments.
NVDA
US$195.19
NVIDIA
7D
-5.7%
1Y
34.1%

NVDA: Expanding AI Demand Will Drive Major Data Center Investments Through 2026

Nvidia's analyst price target has been raised from approximately $218.51 to $225.50. Analysts cite stronger revenue growth expectations and improved profit margins based on increased visibility into future AI infrastructure demand.
INTC
US$38.38
Intel
7D
-7.2%
1Y
53.2%
TXN
US$163.54
Texas Instruments
7D
2.0%
1Y
-23.9%

TXN: Gross Margins And Low Inventories Will Drive Recovery If Demand Normalizes

Texas Instruments' analyst price target has decreased by approximately $13 to around $190, as analysts cite narrowing margins, slower revenue growth, and macroeconomic uncertainty for their more cautious outlook. Analyst Commentary Recent analyst reports reveal a mix of cautiousness and confidence regarding Texas Instruments, with notable opinions on the company’s valuation, earnings prospects, and sector dynamics.
ARM
US$160.19
Arm Holdings
7D
-3.2%
1Y
6.3%

ARM: Future AI Partnerships And Market Expansion Will Drive Measured Upside

Arm Holdings' analyst price target has increased modestly from $155.61 to $157.52. This reflects analysts' confidence in the company's expanding market presence and deepening value proposition within the semiconductor industry.
LRCX
US$165.05
Lam Research
7D
2.7%
1Y
115.0%