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U.S. Semiconductors Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies127
  • 7D2.9%
  • 3M19.4%
  • 1Y116.0%
  • YTD24.1%

Over the last 7 days, the Semiconductors industry has risen 2.9%, driven by gains from NVIDIA of 4.8%. This takes the industry's 12 month performance to a gain of 116%. Looking forward, 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
Thu, 30 Apr 2026US$6.0tUS$701.5bUS$214.3b48.8x28.1x8.6x
Sat, 28 Mar 2026US$8.5tUS$697.5bUS$215.5b38.2x39.5x12.2x
Mon, 23 Feb 2026US$9.4tUS$647.8bUS$180.1b43x52.1x14.5x
Wed, 21 Jan 2026US$8.9tUS$640.8bUS$176.4b42.2x50.7x14x
Fri, 19 Dec 2025US$8.2tUS$640.7bUS$176.4b36.1x46.3x12.8x
Sun, 16 Nov 2025US$8.8tUS$610.3bUS$153.3b34.7x57.2x14.4x
Tue, 14 Oct 2025US$8.3tUS$597.4bUS$137.3b35.5x60.6x13.9x
Thu, 11 Sep 2025US$7.9tUS$593.8bUS$134.6b33.4x58.9x13.3x
Sat, 09 Aug 2025US$7.9tUS$572.2bUS$118.3b29.1x66.4x13.7x
Mon, 07 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.9x12.7x
Wed, 04 Jun 2025US$6.3tUS$561.3bUS$113.9b25.7x55.4x11.2x
Fri, 02 May 2025US$5.1tUS$539.3bUS$109.4b20.6x46.5x9.4x
Sun, 30 Mar 2025US$5.1tUS$537.3bUS$108.9b24.8x46.6x9.4x
Tue, 25 Feb 2025US$6.2tUS$515.3bUS$93.8b32.2x66.1x12x
Thu, 23 Jan 2025US$6.5tUS$513.6bUS$96.7b33.2x67.6x12.7x
Sat, 21 Dec 2024US$6.0tUS$513.5bUS$96.7b29.1x61.9x11.7x
Mon, 18 Nov 2024US$6.1tUS$488.4bUS$83.4b30.5x72.8x12.4x
Wed, 16 Oct 2024US$6.0tUS$489.1bUS$101.8b28.5x59.3x12.3x
Fri, 13 Sep 2024US$5.5tUS$485.4bUS$99.5b27x55.6x11.4x
Sun, 11 Aug 2024US$5.1tUS$467.2bUS$94.7b26.6x54x10.9x
Tue, 09 Jul 2024US$6.2tUS$467.9bUS$96.6b31.2x64.7x13.4x
Thu, 06 Jun 2024US$5.6tUS$461.2bUS$95.7b30x58.5x12.1x
Sat, 04 May 2024US$4.7tUS$446.9bUS$84.0b27.4x56.2x10.6x
Mon, 01 Apr 2024US$5.0tUS$447.4bUS$81.7b29.2x60.6x11.1x
Wed, 28 Feb 2024US$4.6tUS$443.5bUS$81.1b31.1x56.4x10.3x
Fri, 26 Jan 2024US$4.1tUS$431.1bUS$68.4b28.2x59.4x9.4x
Sun, 24 Dec 2023US$3.6tUS$433.3bUS$69.5b27.4x51.5x8.3x
Tue, 21 Nov 2023US$3.3tUS$420.6bUS$62.5b24.5x52.3x7.8x
Thu, 19 Oct 2023US$2.9tUS$427.9bUS$65.8b24.8x44.5x6.8x
Sat, 16 Sep 2023US$3.1tUS$430.8bUS$68.7b25.9x44.8x7.1x
Mon, 14 Aug 2023US$2.9tUS$419.7bUS$62.9b25.1x45.9x6.9x
Wed, 12 Jul 2023US$3.0tUS$429.1bUS$67.3b23.3x44.5x7x
Fri, 09 Jun 2023US$2.8tUS$434.3bUS$71.9b23.4x39.5x6.5x
Sun, 07 May 2023US$2.4tUS$434.2bUS$70.7b19.1x33.3x5.4x
Price to Earnings Ratio

33.3x


Total Market Cap: US$2.4tTotal Earnings: US$70.7bTotal 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 28.1x 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 8.6x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 45% 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 Market-0.18%
Tech0.70%
Semiconductors2.94%
Semiconductors3.83%
Semiconductor Equipment-4.58%
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 19.6%, which is higher than its past year's earnings decline of 6.7% 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 11% 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$209.254.8%
+US$233.5b		87.5%PE42.3x
INTC IntelUS$94.7545.2%
+US$148.5b		371.4%PS8.9x
AMD Advanced Micro DevicesUS$337.1110.4%
+US$51.8b		248.8%PE128.7x
MU Micron TechnologyUS$518.466.4%
+US$34.9b		573.8%PE24.2x
QCOM QUALCOMMUS$156.0016.5%
+US$23.5b		15.4%PE31x

Latest News

QCOM
US$156.00
QUALCOMM
7D
16.5%
1Y
15.4%
SIMO
US$217.50
Silicon Motion Technology
7D
53.2%
1Y
332.1%
TER
US$306.33
Teradyne
7D
-20.5%
1Y
312.8%
TXN
US$269.22
Texas Instruments
7D
-4.6%
1Y
70.1%
NXPI
US$289.25
NXP Semiconductors
7D
19.9%
1Y
59.1%
LRCX
US$248.75
Lam Research
7D
-3.8%
1Y
246.8%
MXL
US$67.52
MaxLinear
7D
99.2%
1Y
575.9%
INTC
US$94.75
Intel
7D
45.2%
1Y
371.4%

INTC: Advanced Packaging Execution Will Eventually Confront Elevated Expectations

Intel's updated analyst price target moves from $47.11 to $75.42 as analysts factor in higher modeled revenue growth, wider profit margins, a lower assumed discount rate, and a reduced future P/E estimate. Analyst Commentary Recent research activity around Intel has been heavy, with many firms revisiting their models and price targets.
MU
US$518.46
Micron Technology
7D
6.4%
1Y
573.8%

MU: AI Memory Tightness For Data Centers Will Define Next Supercycle

Analysts have lifted their implied fair value estimate for Micron Technology from about $523 to roughly $780, citing higher projected revenue growth, stronger profit margins and a lower assumed future P/E multiple, supported by a wave of recent price target increases and generally constructive research on AI driven memory demand. Analyst Commentary Recent research on Micron points to a generally constructive tone around AI driven memory demand, even as a few firms have turned more cautious or shifted their top picks elsewhere in semiconductors.
AVGO
US$405.45
Broadcom
7D
-4.1%
1Y
110.7%

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

Apr 27
NVDA
US$209.25
NVIDIA
7D
4.8%
1Y
87.5%

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

Apr 27
AMAT
US$382.59
Applied Materials
7D
-5.3%
1Y
156.8%

AMAT: Future Packaging Demand And WFE Cycle Strength Will Shape Returns

Applied Materials' updated analyst price target has edged higher, with fair value moving from about $398.73 to $422.97 as analysts factor in slightly stronger revenue growth, a modestly higher profit margin outlook, and a richer future P/E assumption, partly supported by a broad wave of recent price target hikes and upgrades across the Street. Analyst Commentary Recent Street research around Applied Materials has been active, with a long list of price target increases and several rating upgrades clustered around recent results and guidance.
AMD
US$337.11
Advanced Micro Devices
7D
10.4%
1Y
248.8%

AMD Bulls Went Too Far, Too Fast

Apr 25
MRVL
US$156.57
Marvell Technology
7D
-5.4%
1Y
156.9%
ADI
US$389.31
Analog Devices
7D
-3.6%
1Y
100.9%
MPWR
US$1,526.84
Monolithic Power Systems
7D
-4.1%
1Y
153.8%

MPWR: Rising Payouts And Buybacks Will Support Future Earnings Power

The analyst fair value estimate for Monolithic Power Systems has increased from $1,500 to $1,550. Analysts cite updated assumptions around revenue, profit margins, and future P/E multiples, supported by a series of recent price target increases from major research firms.