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

U.S. Semiconductors Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies125
  • 7D3.8%
  • 3M9.4%
  • 1Y41.7%
  • YTD42.6%

In the last week, the Semiconductors industry is up 3.8%, with NVIDIA up 5.3%. In the last 12 months, the industry was up 42%. 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
Sat, 27 Dec 2025US$8.9tUS$640.7bUS$176.4b36.5x50.5x13.9x
Mon, 24 Nov 2025US$8.3tUS$630.3bUS$165.7b33.7x50.1x13.2x
Wed, 22 Oct 2025US$8.6tUS$597.4bUS$137.3b37.2x62.7x14.4x
Fri, 19 Sep 2025US$8.1tUS$593.8bUS$134.6b34.6x60.1x13.6x
Sun, 17 Aug 2025US$7.9tUS$572.7bUS$118.5b28.2x66.4x13.7x
Tue, 15 Jul 2025US$7.3tUS$566.4bUS$118.3b31.1x62.1x13x
Thu, 12 Jun 2025US$6.5tUS$563.8bUS$116.8b27.6x56x11.6x
Sat, 10 May 2025US$5.4tUS$541.1bUS$109.0b22.8x49.8x10x
Mon, 07 Apr 2025US$4.3tUS$537.4bUS$108.9b20.5x39.7x8x
Wed, 05 Mar 2025US$5.4tUS$532.8bUS$103.5b28.8x52.2x10.2x
Fri, 31 Jan 2025US$5.8tUS$513.2bUS$97.7b32.2x59.6x11.3x
Sun, 29 Dec 2024US$6.3tUS$513.5bUS$96.7b29.5x65.4x12.3x
Tue, 26 Nov 2024US$6.1tUS$505.3bUS$93.4b29.5x65.4x12.1x
Thu, 24 Oct 2024US$6.3tUS$488.5bUS$101.3b27.1x62.2x12.9x
Sat, 21 Sep 2024US$5.7tUS$485.5bUS$99.5b26.5x57x11.7x
Mon, 19 Aug 2024US$5.8tUS$467.6bUS$94.9b29.7x61.5x12.5x
Wed, 17 Jul 2024US$6.3tUS$467.9bUS$96.6b31.6x65.3x13.5x
Fri, 14 Jun 2024US$6.2tUS$461.2bUS$95.7b30.2x65.2x13.5x
Sun, 12 May 2024US$4.8tUS$444.8bUS$83.3b29x58.2x10.9x
Tue, 09 Apr 2024US$4.8tUS$447.7bUS$81.6b29.5x59.4x10.8x
Thu, 07 Mar 2024US$4.8tUS$443.3bUS$81.1b29.1x59.8x10.9x
Sat, 03 Feb 2024US$4.1tUS$432.5bUS$71.9b29x56.5x9.4x
Mon, 01 Jan 2024US$3.6tUS$433.4bUS$69.5b27.7x52.1x8.4x
Wed, 29 Nov 2023US$3.2tUS$432.4bUS$70.6b25x45.9x7.5x
Fri, 27 Oct 2023US$2.8tUS$424.8bUS$64.2b22.4x43.3x6.5x
Sun, 24 Sep 2023US$2.9tUS$430.8bUS$68.7b24.8x41.8x6.7x
Tue, 22 Aug 2023US$2.9tUS$421.1bUS$62.9b26x46.2x6.9x
Thu, 20 Jul 2023US$3.2tUS$429.1bUS$67.3b24.1x47.2x7.4x
Sat, 17 Jun 2023US$3.0tUS$434.2bUS$71.9b23.9x42x6.9x
Mon, 15 May 2023US$2.3tUS$434.1bUS$70.4b19.2x33.2x5.4x
Wed, 12 Apr 2023US$2.4tUS$443.7bUS$85.6b18.2x27.9x5.4x
Fri, 10 Mar 2023US$2.2tUS$445.2bUS$90.1b18.1x24.9x5x
Sun, 05 Feb 2023US$2.2tUS$442.3bUS$91.1b19x24.7x5.1x
Tue, 03 Jan 2023US$1.8tUS$447.4bUS$96.4b15.9x19.1x4.1x
Price to Earnings Ratio

19.1x


Total Market Cap: US$1.8tTotal Earnings: US$96.4bTotal Revenue: US$447.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 51.7x20242025
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 51.7x.
  • The 3-year average PS ratio of 10.0x is lower than the industry's current PS ratio of 13.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 22% 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 Market1.24%
Tech1.57%
Semiconductors3.77%
Semiconductors3.86%
Semiconductor Equipment2.71%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 57.0x.
    • Analysts are expecting annual earnings growth of 26.3%, 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 27.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 26% 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 13% 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$190.535.3%
+US$231.8b		39.1%PE46.7x
AVGO BroadcomUS$352.133.5%
+US$55.8b		45.7%PE72.2x
MU Micron TechnologyUS$284.797.1%
+US$21.2b		221.3%PE26.9x
LRCX Lam ResearchUS$178.073.4%
+US$7.3b		142.6%PE38.5x
KLAC KLAUS$1.28k2.7%
+US$4.5b		98.4%PE39.7x

Latest News

ARM
US$110.27
Arm Holdings
7D
-3.3%
1Y
-14.7%

ARM: AI Licensing And Royalties Will Drive Durable Future Upside

We modestly trim our Arm Holdings fair value estimate by about $3 to approximately $165 per share. This reflects analysts' higher discount rates amid concerns that the company's transition toward a broader semiconductor role could temporarily weigh on its valuation multiple, even as design wins, AI driven licensing and royalty strength, and raised Street price targets to around $180 to $190 underscore durable growth momentum.
AMD
US$214.99
Advanced Micro Devices
7D
0.7%
1Y
71.7%
QCOM
US$174.81
QUALCOMM
7D
-0.3%
1Y
11.2%

QCOM: Future AI And Android Momentum Will Balance Legal And Regulatory Risks

Analysts have raised their intrinsic value estimate for Qualcomm shares to approximately $159 from about $140, reflecting stronger expected top line growth, modestly higher margins, and increasing confidence that AI driven demand and premium Android share gains will support a richer earnings profile over time, despite a slightly higher perceived risk. Analyst Commentary Recent Street research on Qualcomm reflects a generally constructive view on the company, particularly around premium Android strength, AI exposure, and diversification beyond handsets.
AVGO
US$352.13
Broadcom
7D
3.5%
1Y
45.7%
INTC
US$36.20
Intel
7D
-1.7%
1Y
78.3%

INTC: Foundry And AI Execution Will Drive Confidence In Turnaround Narrative

Analysts have lifted their Intel fair value estimate to about $52 from roughly $27, reflecting improving execution, early but encouraging foundry progress, and a clearer AI strategy, even as they continue to flag rich valuation and execution risk. Analyst Commentary Recent Street research reflects a more constructive, but still guarded, view on Intel as bullish analysts acknowledge improving execution and a clearer AI and foundry strategy.
MU
US$284.79
Micron Technology
7D
7.1%
1Y
221.3%
LRCX
US$178.07
Lam Research
7D
3.4%
1Y
142.6%

LRCX: Recent AI And Memory Upcycle Euphoria Will Likely Fade

Analysts have raised their price target on Lam Research to approximately $110 from about $81, citing the company's stronger than expected earnings momentum, improving wafer fab equipment upcycle exposure, and durable AI driven demand for advanced memory and 3D stacking technologies. Analyst Commentary Recent Street research reflects a broadly constructive view on Lam Research, with multiple firms lifting price targets and highlighting the company’s leverage to an improving wafer fab equipment cycle, AI driven memory demand, and stronger than expected profitability.
NVDA
US$190.53
NVIDIA
7D
5.3%
1Y
39.1%
RMBS
US$94.11
Rambus
7D
-2.4%
1Y
73.5%
KLAC
US$1,279.60
KLA
7D
2.7%
1Y
98.4%
MRVL
US$86.34
Marvell Technology
7D
2.7%
1Y
-24.0%
AMAT
US$261.90
Applied Materials
7D
2.1%
1Y
57.0%
CRDO
US$144.83
Credo Technology Group Holding
7D
-3.5%
1Y
109.0%

CRDO: Future Returns Will Depend On Expanding AI Datacenter Connectivity

Analysts have nudged their average price target on Credo Technology Group Holding higher to about $214 from roughly $163, citing stronger expected revenue growth, improving profit margins and sustained AI related demand that supports premium yet slightly compressed forward valuation multiples. Analyst Commentary Recent research updates underscore a broadly constructive stance on Credo Technology, with multiple bullish analysts lifting price targets while framing the stock as a key beneficiary of structural AI and data center connectivity trends.
NXPI
US$222.87
NXP Semiconductors
7D
-1.5%
1Y
4.3%

NXPI: Future Returns Will Depend On New Battery Management Chipset And Buybacks

Analysts have raised their price target on NXP Semiconductors from approximately $174 to about $213 per share, citing sharply higher expected revenue growth and slightly stronger profit margins that more than offset a modestly higher discount rate and a marginally lower assumed future P/E multiple. What's in the News Introduced a new Electrochemical Impedance Spectroscopy battery management chipset that embeds EIS directly in hardware to improve EV and energy storage safety, longevity, and performance, with full solution availability targeted for early 2026 (company announcement) New BMS chipset integrates three units: the BMA7418 cell sensing device, BMA6402 gateway, and BMA8420 battery junction box controller, enabling nanosecond-level synchronization and high-frequency battery monitoring without extra sensors (company announcement) Updated fourth quarter 2025 guidance, forecasting revenue of $3.2 billion to $3.4 billion, GAAP operating income of $878 million to $1.006 billion, and diluted GAAP EPS of $2.40 to $2.81 (company guidance) Completed a share repurchase tranche of 670,245 shares for $150 million, bringing total buybacks under the January 31, 2022 program to 10,645,664 shares, or 4.17 percent of shares, for $2.35 billion (company filing) Announced a multi-year collaboration with eInfochips, which will distribute software and provide support for NXP's S32 microcontroller and microprocessor families to help customers accelerate application development (company announcement) Valuation Changes Fair Value Estimate has risen significantly from approximately $174.04 to about $212.84 per share.
GFS
US$35.81
GlobalFoundries
7D
-2.2%
1Y
-18.9%

GFS: U.S. Manufacturing Demand And Policy Tailwinds Will Drive Upside Potential

Analysts have trimmed their price target on GlobalFoundries by about $8 to approximately $47 per share, citing a sluggish cyclical recovery, higher near term spending that offsets margin gains, and the longer runway before U.S. manufacturing advantages fully translate into revenue growth. Analyst Commentary Analyst reactions to the latest results have been mixed, with headline price targets moving lower but commentary emphasizing that GlobalFoundries continues to execute steadily against a challenging cyclical backdrop.
RGTI
US$22.38
Rigetti Computing
7D
-5.8%
1Y
31.0%