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

U.S. Semiconductors Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies128
  • 7D8.2%
  • 3M22.6%
  • 1Y124.5%
  • YTD27.6%

In the last week, the Semiconductors industry is up 8.2%, with NVIDIA up 7.2%. During this same period, the Tower Semiconductor underperformed, falling 9.4%. This means that the industry has gained 125% over the past year. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$6.2tUS$700.2bUS$213.4b49.2x29.3x8.9x
Thu, 26 Mar 2026US$9.0tUS$697.5bUS$215.5b40.9x41.5x12.8x
Sat, 21 Feb 2026US$9.3tUS$647.8bUS$180.1b43x51.7x14.4x
Mon, 19 Jan 2026US$9.2tUS$640.8bUS$176.4b43.4x52.4x14.4x
Wed, 17 Dec 2025US$8.5tUS$635.8bUS$173.0b36.8x49x13.3x
Fri, 14 Nov 2025US$9.0tUS$610.5bUS$153.3b34.2x58.8x14.8x
Sun, 12 Oct 2025US$8.3tUS$597.4bUS$137.3b35.3x60.6x13.9x
Tue, 09 Sep 2025US$7.6tUS$593.8bUS$134.6b33.7x56.8x12.9x
Thu, 07 Aug 2025US$7.7tUS$572.1bUS$118.7b27.8x64.7x13.4x
Sat, 05 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.9x12.7x
Mon, 02 Jun 2025US$6.1tUS$561.2bUS$113.9b24.7x53.6x10.9x
Wed, 30 Apr 2025US$5.1tUS$537.1bUS$108.4b22.9x47.1x9.5x
Fri, 28 Mar 2025US$5.3tUS$537.5bUS$108.8b25.5x48.7x9.9x
Sun, 23 Feb 2025US$6.2tUS$515.3bUS$93.8b32.5x66.1x12x
Tue, 21 Jan 2025US$6.4tUS$513.5bUS$96.7b33.1x66.5x12.5x
Thu, 19 Dec 2024US$6.2tUS$509.5bUS$93.6b30.7x66.2x12.1x
Sat, 16 Nov 2024US$6.3tUS$488.6bUS$83.6b30.5x75.2x12.9x
Mon, 14 Oct 2024US$6.2tUS$489.2bUS$101.8b28.1x61x12.7x
Wed, 11 Sep 2024US$5.1tUS$485.4bUS$99.5b25.8x51.3x10.5x
Fri, 09 Aug 2024US$4.8tUS$467.2bUS$94.5b26.6x50.9x10.3x
Sun, 07 Jul 2024US$6.2tUS$467.9bUS$96.6b30.8x64.1x13.2x
Tue, 04 Jun 2024US$5.5tUS$462.6bUS$95.6b29.4x57.1x11.8x
Thu, 02 May 2024US$4.6tUS$446.2bUS$83.2b28x54.8x10.2x
Sat, 30 Mar 2024US$5.0tUS$448.2bUS$81.2b29.2x61x11.1x
Mon, 26 Feb 2024US$4.5tUS$443.4bUS$81.1b30.9x56x10.2x
Wed, 24 Jan 2024US$4.0tUS$433.1bUS$69.5b27.2x57.2x9.2x
Fri, 22 Dec 2023US$3.5tUS$433.3bUS$69.5b27.3x50.4x8.1x
Sun, 19 Nov 2023US$3.3tUS$420.6bUS$62.1b24.5x52.5x7.7x
Tue, 17 Oct 2023US$3.1tUS$427.9bUS$65.8b25.1x46.4x7.1x
Thu, 14 Sep 2023US$3.1tUS$430.8bUS$69.1b25.4x44.3x7.1x
Sat, 12 Aug 2023US$2.9tUS$419.7bUS$62.9b25.1x45.9x6.9x
Mon, 10 Jul 2023US$3.0tUS$429.1bUS$67.3b22.7x43.9x6.9x
Wed, 07 Jun 2023US$2.8tUS$434.2bUS$71.9b23.2x39.3x6.5x
Fri, 05 May 2023US$2.3tUS$434.2bUS$70.8b18.3x32.3x5.3x
Price to Earnings Ratio

32.3x


Total Market Cap: US$2.3tTotal Earnings: US$70.8bTotal 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 29.3x which is lower than its 3-year average PE of 54.2x.
  • The 3-year average PS ratio of 11.0x is higher than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 44% 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 Market0.72%
Tech3.60%
Semiconductors8.22%
Semiconductors8.82%
Semiconductor Equipment3.24%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 19.8%, 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 27% over the next 5 years.
  • This is better than its past earnings growth rate of 9.6% 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
NVDA NVIDIAUS$216.617.2%
+US$353.5b		99.2%PE43.8x
INTC IntelUS$84.9929.4%
+US$97.3b		314.4%PS7.9x
AVGO BroadcomUS$418.204.6%
+US$87.9b		117.3%PE79.3x
MU Micron TechnologyUS$524.5616.7%
+US$84.8b		582.3%PE24.5x
AMD Advanced Micro DevicesUS$334.6317.6%
+US$81.7b		248.4%PE127.8x

Latest News

RGTI
US$16.91
Rigetti Computing
7D
-7.3%
1Y
90.9%
MU
US$524.56
Micron Technology
7D
16.7%
1Y
582.3%
TXN
US$269.50
Texas Instruments
7D
15.3%
1Y
65.9%

Texas Instruments: The Backbone Of The Data Center Revolution

Apr 27
AVGO
US$418.20
Broadcom
7D
4.6%
1Y
117.3%

Broadcom: Isn't An Nvidia Killer, But It's A Growth Superstar Within The AI Ecosystem

Apr 27
NVDA
US$216.61
NVIDIA
7D
7.2%
1Y
99.2%

Nvidia: The $31 Billion Footnote Nobody's Talking About

Apr 27
INTC
US$84.99
Intel
7D
29.4%
1Y
314.4%

Intel: The Unlikely Turnaround Story

Apr 26
AMD
US$334.63
Advanced Micro Devices
7D
17.6%
1Y
248.4%

AMD Bulls Went Too Far, Too Fast

Apr 25
QCOM
US$150.26
QUALCOMM
7D
10.8%
1Y
2.3%

Qualcomm Q2 Earnings Preview: AI Optionality Is Back In Focus

Apr 25
OLED
US$94.98
Universal Display
7D
-4.6%
1Y
-24.9%
ARM
US$215.88
Arm Holdings
7D
23.0%
1Y
93.4%

Arm Holdings (ARM): AGI CPU Deployment and Data Center Dominance Will Define the Next Silicon Era

Arm Holdings (ARM) , the architect of the world’s most ubiquitous compute platform, enters the trading session on Friday, April 24, 2026 , amidst a historic market recalibration. The company is currently operating at a fever pitch ahead of its Q4 FY2026 earnings release scheduled for Wednesday, May 6, 2026.
MTSI
US$279.44
MACOM Technology Solutions Holdings
7D
-0.6%
1Y
168.5%

MTSI: Future Returns Will Reflect AI Optics Execution And Elevated P E Expectations

Analysts have lifted their price targets on MACOM Technology Solutions Holdings by about $19 per share overall, citing updated views on revenue growth, profit margins and P/E assumptions reflected in the refreshed fair value estimate and discount rate inputs. Analyst Commentary Recent Street research on MACOM Technology Solutions Holdings clusters around a series of higher price targets and a new bullish initiation, all tied to updated views on growth, profitability and valuation multiples.
TSEM
US$203.33
Tower Semiconductor
7D
-9.4%
1Y
452.2%

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.
SMTC
US$101.29
Semtech
7D
-4.4%
1Y
238.4%

SMTC: AI Data Center Connectivity And LoRa Outlook May Support Margin Recovery

The updated analyst price target for Semtech edges up to about $106, with analysts pointing to a series of higher Street targets linked to stronger AI driven data center demand, new LPO and ACC product ramps, and the recently completed HieFo acquisition. Analyst Commentary Street research has clustered around higher valuation marks for Semtech, with many firms lifting price targets following recent quarterly results, an updated outlook, and the completion of the HieFo acquisition.
AEHR
US$88.48
Aehr Test Systems
7D
-5.6%
1Y
960.9%

AEHR Insiders Cashed Out $25.9M After Years of Shareholder Dilution

Heavy insider selling, repeated dilution, and weakening fundamentals raise serious questions about shareholder alignment Aehr Test Systems (NASDAQ: AEHR) has often been presented as a high-growth semiconductor equipment story tied to silicon carbide, EV power devices, and emerging AI infrastructure demand. But behind the narrative lies a more uncomfortable reality for shareholders: years of dilution followed by a major insider cash-out during a sharp stock rally.
POET
US$7.95
POET Technologies
7D
-22.4%
1Y
95.3%

POET Technologies' Massive 20% Monday Surge Makes It A Great Trading Candidate

Apr 20
MKSI
US$278.36
MKS
7D
-0.6%
1Y
276.3%

MKSI: Wafer Fab Upswing And Refinancing Benefits Will Ultimately Constrain Upside

Analysts have nudged MKS's blended price target higher, citing stronger recent earnings, healthier margins, improved revenue guidance in key segments, and lower interest expense following debt refinancing, with several firms now setting targets in the $295 to $320 range. Analyst Commentary Across the recent research, most analysts have lifted their price targets on MKS and pointed to solid execution on earnings, margins, and guidance.