Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductors Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies129
  • 7D-6.0%
  • 3M52.3%
  • 1Y82.0%
  • YTD42.2%

Over the last 7 days, the Semiconductors industry has dropped 6.0%, driven by a pullback from NVIDIA of 5.5%. In contrast, Astera Labs has gained 6.7%. This takes the industry's 12 month performance to a gain of 82%. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026US$12.9tUS$755.4bUS$266.0b70.5x48.5x17.1x
Sat, 23 May 2026US$7.3tUS$747.2bUS$261.7b65x27.8x9.7x
Mon, 20 Apr 2026US$10.6tUS$697.4bUS$215.4b45.2x49.2x15.2x
Wed, 18 Mar 2026US$9.0tUS$682.0bUS$203.4b43.6x44.3x13.2x
Fri, 13 Feb 2026US$9.4tUS$647.0bUS$178.8b43.2x52.7x14.6x
Sun, 11 Jan 2026US$9.1tUS$640.8bUS$176.4b42x51.3x14.1x
Tue, 09 Dec 2025US$9.0tUS$631.8bUS$168.7b38x53.5x14.3x
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
Price to Earnings Ratio

44.7x


Total Market Cap: US$3.0tTotal Earnings: US$67.3bTotal Revenue: US$429.0bTotal 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 48.5x which is lower than its 3-year average PE of 54.2x.
  • The 3-year average PS ratio of 11.3x is lower than the industry's current PS ratio of 17.1x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 58% per year over the last three years.
  • Revenues for these companies have grown 21% 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-2.47%
Tech-4.47%
Semiconductors-5.98%
Semiconductor Equipment-4.73%
Semiconductors-6.14%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 33.3x.
    • Analysts are expecting annual earnings growth of 21.3%, 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 58.7x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 28% 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 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
ALAB Astera LabsUS$399.926.7%
+US$4.3b		346.2%PE256.1x
GFS GLOBALFOUNDRIESUS$83.703.8%
+US$1.7b		117.0%PE59x
TXN Texas InstrumentsUS$303.110.4%
+US$1.1b		47.6%PE51.7x
ON ON SemiconductorUS$115.742.5%
+US$1.1b		115.4%PE79.1x
SMTC SemtechUS$158.485.5%
+US$771.3m		256.2%PS13.5x

Latest News

Q
US$158.73
Qnity Electronics
7D
1.3%
1Y
n/a
NVDA
US$199.00
NVIDIA
7D
-5.5%
1Y
28.4%
QCOM
US$197.41
QUALCOMM
7D
-12.7%
1Y
24.8%
Narrative Update • Jun 24

QCOM: AI Data Center ASIC Deals Will Drive Future Rerating

Analysts have nudged the Qualcomm fair value estimate higher to $272.17 from $257.08, reflecting updated assumptions that factor in slightly higher long-term revenue growth, a marginally higher discount rate, and a modestly richer future P/E multiple tied to the company's push into broader AI compute markets beyond handsets. Analyst Commentary Recent Street research around Qualcomm centers on how far the company can extend beyond its handset roots and build a broader AI compute business spanning edge devices, automotive and IoT, and data center.
GFS
US$83.70
GLOBALFOUNDRIES
7D
3.8%
1Y
117.0%
ARM
US$359.08
Arm Holdings
7D
-18.3%
1Y
127.1%
SIMO
US$321.66
Silicon Motion Technology
7D
4.7%
1Y
350.1%
AMD
US$519.74
Advanced Micro Devices
7D
-3.3%
1Y
261.7%
AVGO
US$382.07
Broadcom
7D
-7.1%
1Y
41.4%
MU
US$1,048.51
Micron Technology
7D
-7.5%
1Y
732.2%
ON
US$115.74
ON Semiconductor
7D
2.5%
1Y
115.4%
Narrative Update • Jun 23

ON: AI Power Demand And GaN Power Tools Will Shape A Balanced Outlook

Analysts have slightly lifted their price target on ON Semiconductor to $145.49 from $141.01. This reflects updated assumptions around discount rate, revenue growth, profit margin, and future P/E that modestly adjust the stock's valuation outlook.
MRVL
US$276.70
Marvell Technology
7D
-10.9%
1Y
246.0%
Seeking Alpha • Jun 22

Connectivity Is Marvell's Hidden Growth Engine Today

Summary Marvell is transitioning into an AI connectivity leader, driven by interconnect growth exceeding seventy percent in FY2027. FY2027 revenue is expected at $11.5B, accelerating toward $16.7B in FY2028 with strong multi-year demand visibility. Nvidia’s $2B strategic investment reinforces MRVL’s role as a critical bridge between compute and AI networking ecosystems. Emerging opportunities in photonics, scale-up optics, and switching remain underappreciated and largely excluded from current forecasts. Read the full article on Seeking Alpha
KLAC
US$240.48
KLA
7D
-7.4%
1Y
166.3%
TXN
US$303.11
Texas Instruments
7D
0.4%
1Y
47.6%
SITM
US$692.47
SiTime
7D
2.3%
1Y
239.9%
Narrative Update • Jun 19

SITM: AI Timing Products And New Headquarters Will Shape Future Returns

The updated analyst price target for SiTime edges up by about $10 to $837.50, with analysts citing revised assumptions for revenue growth, profit margins, and future P/E as key drivers behind the change. Analyst Commentary Recent research on SiTime highlights a split picture, with some firms lifting price targets and others trimming them.
SMTC
US$158.48
Semtech
7D
5.5%
1Y
256.2%
Narrative Update • Jun 18

SMTC: AI Data Center Ramps Will Drive Future Execution Test

Analysts have raised their price targets on Semtech stock to a range of $175 to $230, citing stronger than expected Q1 results, a Q2 outlook above prior expectations, and a materially faster ramp in AI driven data center demand, along with expanding LoRa and high speed connectivity opportunities. Analyst Commentary Recent research on Semtech stock points to a wide range of updated price targets and views that center on data center exposure, AI related products and the outlook for LoRa and other connectivity businesses.
ALAB
US$399.92
Astera Labs
7D
6.7%
1Y
346.2%