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

U.S. Semiconductors Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies128
  • 7D3.3%
  • 3M1.6%
  • 1Y59.9%
  • YTD5.6%

In the last week, the Semiconductors industry is up 3.3%, with NVIDIA up 4.1%. In the same time, Intel was down 10%. This means that the industry has gained 60% 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
Fri, 30 Jan 2026US$9.5tUS$641.8bUS$176.4b43.6x53.8x14.8x
Sun, 28 Dec 2025US$9.0tUS$640.7bUS$176.4b36.5x50.8x14x
Tue, 25 Nov 2025US$8.3tUS$630.3bUS$165.7b34.8x50.1x13.2x
Thu, 23 Oct 2025US$8.6tUS$598.0bUS$137.3b36.1x62.3x14.3x
Sat, 20 Sep 2025US$8.2tUS$593.8bUS$134.6b33.9x60.6x13.7x
Mon, 18 Aug 2025US$7.9tUS$572.7bUS$118.5b28.2x66.4x13.7x
Wed, 16 Jul 2025US$7.3tUS$566.4bUS$118.3b31.1x61.8x12.9x
Fri, 13 Jun 2025US$6.5tUS$563.9bUS$116.8b27x56x11.6x
Sun, 11 May 2025US$5.4tUS$541.1bUS$109.0b22.7x49.8x10x
Tue, 08 Apr 2025US$4.4tUS$537.3bUS$108.9b21.7x40.4x8.2x
Thu, 06 Mar 2025US$5.4tUS$532.9bUS$103.6b29.7x52.5x10.2x
Sat, 01 Feb 2025US$5.9tUS$512.6bUS$95.1b30.8x62.4x11.6x
Mon, 30 Dec 2024US$6.3tUS$513.5bUS$96.7b29.5x65.4x12.3x
Wed, 27 Nov 2024US$6.0tUS$505.1bUS$93.4b29x64.3x11.9x
Fri, 25 Oct 2024US$6.2tUS$489.4bUS$101.5b27.8x60.9x12.6x
Sun, 22 Sep 2024US$5.6tUS$485.5bUS$99.5b26.5x56.3x11.5x
Tue, 20 Aug 2024US$5.8tUS$467.7bUS$94.9b30x61.5x12.5x
Thu, 18 Jul 2024US$6.1tUS$467.9bUS$96.6b28.8x62.7x12.9x
Sat, 15 Jun 2024US$6.2tUS$464.9bUS$94.3b29.4x66.2x13.4x
Mon, 13 May 2024US$4.8tUS$444.8bUS$83.3b29x58.2x10.9x
Wed, 10 Apr 2024US$4.8tUS$447.6bUS$81.6b30.2x59.3x10.8x
Fri, 08 Mar 2024US$5.1tUS$443.2bUS$81.1b29.4x63.4x11.6x
Sun, 04 Feb 2024US$4.1tUS$432.5bUS$71.9b29x56.5x9.4x
Tue, 02 Jan 2024US$3.6tUS$433.4bUS$69.5b27.7x52.1x8.4x
Thu, 30 Nov 2023US$3.2tUS$432.5bUS$70.6b25.5x45.6x7.5x
Sat, 28 Oct 2023US$2.8tUS$423.5bUS$63.5b21.9x43.6x6.5x
Mon, 25 Sep 2023US$2.9tUS$430.8bUS$68.7b24.8x41.8x6.7x
Wed, 23 Aug 2023US$3.0tUS$421.1bUS$63.0b25.7x47.6x7.1x
Fri, 21 Jul 2023US$3.1tUS$429.2bUS$67.3b23.3x45.7x7.2x
Sun, 18 Jun 2023US$3.0tUS$434.2bUS$71.9b23.9x42x6.9x
Tue, 16 May 2023US$2.4tUS$434.0bUS$70.4b19.7x34x5.5x
Thu, 13 Apr 2023US$2.3tUS$443.8bUS$85.6b18.2x27.4x5.3x
Sat, 11 Mar 2023US$2.2tUS$447.3bUS$90.2b17.7x24.5x4.9x
Mon, 06 Feb 2023US$2.2tUS$441.5bUS$90.2b19x24.9x5.1x
Price to Earnings Ratio

24.9x


Total Market Cap: US$2.2tTotal Earnings: US$90.2bTotal Revenue: US$441.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 52.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Semiconductor industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 52.6x.
  • The 3-year average PS ratio of 10.3x is lower than the industry's current PS ratio of 14.8x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.25%
Tech0.98%
Semiconductors3.33%
Semiconductor Equipment9.13%
Semiconductors2.72%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 57.9x.
    • Analysts are expecting annual earnings growth of 26.6%, 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 28.7x.
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 8.7% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 15% 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
NVDA NVIDIAUS$192.514.1%
+US$186.4b		54.4%PE47.2x
MU Micron TechnologyUS$435.799.6%
+US$43.0b		371.1%PE41.2x
LRCX Lam ResearchUS$248.1712.4%
+US$33.3b		207.4%PE50x
AVGO BroadcomUS$330.731.6%
+US$24.8b		53.4%PE67.8x
KLAC KLAUS$1.68k12.3%
+US$24.3b		126.9%PE52.2x

Latest News

MPWR
US$1,183.15
Monolithic Power Systems
7D
9.9%
1Y
85.8%

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Jan 30
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
INTC
US$48.66
Intel
7D
-10.4%
1Y
143.2%

Improved Revenues Required Before Intel Corporation (NASDAQ:INTC) Stock's 30% Jump Looks Justified

Jan 30
Improved Revenues Required Before Intel Corporation (NASDAQ:INTC) Stock's 30% Jump Looks Justified
KLAC
US$1,684.71
KLA
7D
12.3%
1Y
126.9%
FSLR
US$224.01
First Solar
7D
-6.5%
1Y
33.8%
LRCX
US$248.17
Lam Research
7D
12.4%
1Y
207.4%
AMAT
US$341.34
Applied Materials
7D
7.1%
1Y
87.8%
TXN
US$218.97
Texas Instruments
7D
12.3%
1Y
18.2%
NVDA
US$192.51
NVIDIA
7D
4.1%
1Y
54.4%
ARM
US$108.43
Arm Holdings
7D
-9.0%
1Y
-29.2%

ARM: AI Licensing And Royalty Momentum Will Drive Future Upside Potential

Analysts have raised their fair value estimate for Arm Holdings to $215 from $210, citing higher modeled revenue growth, stronger profit margins, and a lower future P/E multiple as they incorporate recent bullish research and more positive views on licensing, royalties, and AI-related demand. Analyst Commentary Recent Street research on Arm Holdings has tilted more positive, with several bullish analysts citing solid execution on licensing and royalties, as well as growing AI related exposure, as reasons for revisiting their valuation work.
MRVL
US$81.34
Marvell Technology
7D
-2.1%
1Y
-26.3%

MRVL: AI Infrastructure Exposure Will Support Future Earnings Despite ASIC Uncertainty

Analysts have kept Marvell Technology's fair value estimate steady at $90.00, with only small tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions as they balance bullish views on AI infrastructure exposure against more cautious takes on ASIC competitiveness and long term earnings visibility. Analyst Commentary Recent Street research on Marvell Technology reflects a split view, with some firms highlighting AI infrastructure exposure while others focus on execution risks and valuation sensitivity tied to long term earnings expectations.
QCOM
US$152.22
QUALCOMM
7D
-3.5%
1Y
-11.5%

QCOM: Future AI Data Center And Android Strength Will Offset Handset Uncertainty

Analysts have trimmed their fair value estimate for Qualcomm to about US$157.50 from roughly US$159.45. This reflects slightly higher discount rate assumptions and updated views on revenue growth, margins, and future P/E multiples, following mixed price target moves and a broader reassessment of the company's handset and AI accelerator opportunities.
ALAB
US$160.46
Astera Labs
7D
-9.0%
1Y
65.6%
AMD
US$252.18
Advanced Micro Devices
7D
-0.6%
1Y
112.2%

AMD: AI Rack Systems And Policy Risks Will Shape The Next Phase

Analysts nudged their price target higher for Advanced Micro Devices, with fair value moving from $207.91 to $213.89 as they factor in slightly stronger expected revenue growth, a small uplift in profit margins, and a modestly higher future P/E multiple, supported by recent research highlighting AI accelerator demand, rack scale system opportunities, and broader data center traction. Analyst Commentary Recent research around AMD reflects a mix of optimism on AI growth and clear reminders that execution and competition still matter a lot for what investors are paying for the stock.
AVGO
US$330.73
Broadcom
7D
1.6%
1Y
53.4%

AVGO: AI Custom Silicon Demand Will Drive Future Risk Reward Profile

Analysts raised their Broadcom fair value estimate from $403.66 to $456.56, reflecting expectations for higher projected revenue growth, slightly stronger profit margins, and a more moderate future P/E multiple supported by recent positive research on AI-related demand and custom silicon exposure. Analyst Commentary Recent Street research on Broadcom clusters around AI exposure, custom silicon, and the implications for valuation, margins, and long term growth execution.
MU
US$435.79
Micron Technology
7D
9.6%
1Y
371.1%

MU: AI Memory Supercycle Hype Will Eventually Meet New DRAM Capacity

Our fair value estimate for Micron Technology has been adjusted higher to US$176.14 from US$171.83, reflecting analysts' higher price targets and rationale around tight DRAM supply, strong AI driven memory demand, and expectations for improved margins and earnings power. Analyst Commentary Recent research has generally pointed to tight DRAM conditions, AI related memory demand, and constrained high bandwidth memory supply as key themes for Micron.
RGTI
US$19.85
Rigetti Computing
7D
-20.5%
1Y
61.4%