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U.S. Semiconductors Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies129
  • 7D5.8%
  • 3M44.7%
  • 1Y98.7%
  • YTD42.2%

Micron Technology is up 14%, leading the way for the Semiconductors industry, which has gained 5.8%. This takes the industry's 12 month performance to a gain of 99%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jun 2026US$12.8tUS$755.4bUS$266.0b70.7x48.2x17x
Mon, 11 May 2026US$7.2tUS$706.8bUS$220.7b59.8x32.4x10.1x
Wed, 08 Apr 2026US$9.0tUS$697.6bUS$215.5b36.3x41.5x12.8x
Fri, 06 Mar 2026US$9.1tUS$681.7bUS$203.2b42x44.8x13.3x
Sun, 01 Feb 2026US$9.3tUS$642.0bUS$176.8b41.9x52.7x14.5x
Tue, 30 Dec 2025US$8.9tUS$640.7bUS$176.4b36.2x50.4x13.9x
Thu, 27 Nov 2025US$8.6tUS$631.0bUS$166.0b35.8x51.8x13.6x
Sat, 25 Oct 2025US$8.6tUS$599.6bUS$158.5b39.5x54.4x14.4x
Mon, 22 Sep 2025US$8.1tUS$593.8bUS$134.6b33.6x60.4x13.7x
Wed, 20 Aug 2025US$7.9tUS$572.7bUS$118.5b28.5x66.7x13.8x
Fri, 18 Jul 2025US$7.5tUS$566.4bUS$118.3b31x63.7x13.3x
Sun, 15 Jun 2025US$6.5tUS$563.9bUS$116.8b26.2x55.3x11.4x
Tue, 13 May 2025US$5.6tUS$541.5bUS$109.0b24.8x51.4x10.3x
Thu, 10 Apr 2025US$4.4tUS$537.3bUS$108.9b24x40.2x8.2x
Sat, 08 Mar 2025US$5.2tUS$536.3bUS$108.3b30.1x48.1x9.7x
Mon, 03 Feb 2025US$5.8tUS$512.6bUS$95.1b30.8x61.5x11.4x
Wed, 01 Jan 2025US$6.3tUS$513.5bUS$96.7b30x64.8x12.2x
Fri, 29 Nov 2024US$5.9tUS$505.1bUS$93.4b28.9x63.3x11.7x
Sun, 27 Oct 2024US$6.3tUS$489.4bUS$101.5b28x61.7x12.8x
Tue, 24 Sep 2024US$5.6tUS$485.5bUS$99.5b26.5x56.3x11.5x
Thu, 22 Aug 2024US$5.9tUS$467.7bUS$94.9b29.7x62.4x12.7x
Sat, 20 Jul 2024US$5.9tUS$467.9bUS$96.6b28x61.3x12.7x
Mon, 17 Jun 2024US$6.3tUS$464.9bUS$94.3b29.4x66.8x13.6x
Wed, 15 May 2024US$4.9tUS$444.8bUS$83.3b28.8x58.6x11x
Fri, 12 Apr 2024US$4.8tUS$447.5bUS$81.6b29.5x58.9x10.7x
Sun, 10 Mar 2024US$4.9tUS$446.3bUS$78.2b29x62.6x11x
Tue, 06 Feb 2024US$4.1tUS$430.5bUS$71.8b28.8x57.7x9.6x
Thu, 04 Jan 2024US$3.4tUS$433.3bUS$69.5b26.5x49.5x7.9x
Sat, 02 Dec 2023US$3.2tUS$432.3bUS$70.4b25.4x45.4x7.4x
Mon, 30 Oct 2023US$2.8tUS$423.5bUS$63.5b21.9x43.6x6.5x
Wed, 27 Sep 2023US$2.9tUS$430.8bUS$68.7b24.3x41.7x6.6x
Fri, 25 Aug 2023US$3.0tUS$427.9bUS$68.7b25.8x43.7x7x
Sun, 23 Jul 2023US$3.1tUS$429.2bUS$67.3b23.3x45.6x7.2x
Tue, 20 Jun 2023US$3.0tUS$434.2bUS$71.9b23.9x42x6.9x
Price to Earnings Ratio

42x


Total Market Cap: US$3.0tTotal 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 48.2x which is lower than its 3-year average PE of 54.2x.
  • The 3-year average PS ratio of 11.2x is lower than the industry's current PS ratio of 17.0x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 55% 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 Market0.81%
Tech0.66%
Semiconductors5.82%
Semiconductor Equipment23.49%
Semiconductors3.88%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 32.7x.
    • Analysts are expecting annual earnings growth of 21.4%, 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 58.8x.
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 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
MU Micron TechnologyUS$981.6113.6%
+US$132.6b		749.1%PE45.9x
INTC IntelUS$124.5725.6%
+US$127.7b		518.5%PS11.6x
AMAT Applied MaterialsUS$567.2525.2%
+US$90.7b		232.5%PE52.9x
KLAC KLAUS$254.5431.9%
+US$80.5b		193.4%PE71.2x
LRCX Lam ResearchUS$366.8120.9%
+US$79.4b		309.8%PE68.4x

Latest News

TXN
US$301.12
Texas Instruments
7D
5.6%
1Y
54.4%
MU
US$981.61
Micron Technology
7D
13.6%
1Y
749.1%
Seeking Alpha • 9h

Why I'm Still Holding Every Micron Share

Summary Micron guided Q3 revenue to $33.5 billion and 81% gross margins while customers receive only 50%-66% of demand. The first five-year Strategic Customer Agreement signals improving earnings visibility and reinforces memory's role as a critical AI infrastructure. Q2 generated $11.9 billion in operating cash flow, $6.9 billion in free cash flow, and a record $6.5 billion in net cash position. Despite projected revenue growth from $112 billion to $184 billion by FY2027, Micron trades at a single-digit forward earnings multiple. Read the full article on Seeking Alpha
ENPH
US$54.59
Enphase Energy
7D
-2.6%
1Y
19.7%
NVTS
US$23.39
Navitas Semiconductor
7D
-6.7%
1Y
219.5%
HIMX
US$17.70
Himax Technologies
7D
-11.9%
1Y
99.3%
AMAT
US$567.25
Applied Materials
7D
25.2%
1Y
232.5%
LRCX
US$366.81
Lam Research
7D
20.9%
1Y
309.8%
QCOM
US$211.72
QUALCOMM
7D
-2.0%
1Y
36.8%
ARM
US$380.81
Arm Holdings
7D
11.0%
1Y
180.9%
KLAC
US$254.54
KLA
7D
31.9%
1Y
193.4%
FSLR
US$267.31
First Solar
7D
-4.2%
1Y
52.6%
Seeking Alpha • Jun 11

First Solar: Buy The Pullback Before 2027 Gets Priced In

Summary First Solar, Inc. remains a compelling buy, trading at attractive 2026E/2027E EV/EBITDA multiples with robust U.S. manufacturing and a strong order book. FSLR’s valuation reflects both its scale and visibility, but policy risk—especially reliance on the 45X tax credit—remains the key concern. I maintain a Buy rating for FSLR stock with a $330 price target, viewing the recent pullback as an improved risk/reward entry point. Execution on U.S. manufacturing ramp and a successful 2027 earnings bridge are critical for FSLR’s upside beyond policy support. Read the full article on Seeking Alpha
AMD
US$511.57
Advanced Micro Devices
7D
9.7%
1Y
340.4%
INTC
US$124.57
Intel
7D
25.6%
1Y
518.5%
WOLF
US$43.14
Wolfspeed
7D
-21.6%
1Y
n/a
Seeking Alpha • Jun 10

Wolfspeed: Surprising Market Enthusiasm (Rating Downgrade)

Summary Wolfspeed, Inc. has surged post-bankruptcy despite stagnant financial results and persistent losses. WOLF's automotive segment remains weak, with data center growth insufficient to offset overall revenue declines and negative gross margins. Restructuring efforts continue, including refinancing debt and shifting production focus, but revenue targets remain unmet and profitability elusive. At ~4.5x EV/S, the stock appears overvalued given ongoing losses and lack of sales traction; risk/reward is unfavorable at current levels. Read the full article on Seeking Alpha
AVGO
US$382.07
Broadcom
7D
-0.9%
1Y
53.6%
TE
US$8.50
T1 Energy
7D
-9.9%
1Y
539.1%