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U.S. Semiconductors Industry Analysis

UpdatedOct 27, 2025
DataAggregated Company Financials
Companies121
  • 7D1.7%
  • 3M13.6%
  • 1Y41.0%
  • YTD40.4%

The Semiconductors industry is up 1.7% in the last week, with NVIDIA up 1.7%. In the same time, Texas Instruments was down 5.8%. This takes the industry's 12 month performance to a gain of 41%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Oct 2025US$8.8tUS$599.6bUS$158.5b39.5x55.4x14.7x
Wed, 24 Sep 2025US$8.3tUS$593.8bUS$134.6b35.4x61.7x14x
Fri, 22 Aug 2025US$7.6tUS$573.3bUS$118.6b28.1x64.3x13.3x
Sun, 20 Jul 2025US$7.6tUS$566.4bUS$118.3b31.1x64x13.4x
Tue, 17 Jun 2025US$6.5tUS$563.9bUS$116.8b27.3x55.4x11.5x
Thu, 15 May 2025US$6.0tUS$541.5bUS$109.1b23.4x55.3x11.1x
Sat, 12 Apr 2025US$4.9tUS$537.4bUS$108.9b23x44.5x9x
Mon, 10 Mar 2025US$5.4tUS$536.3bUS$108.3b30.1x49.7x10x
Wed, 05 Feb 2025US$5.7tUS$512.5bUS$94.9b30.6x60.2x11.2x
Fri, 03 Jan 2025US$6.2tUS$513.5bUS$96.7b30.8x63.7x12x
Sun, 01 Dec 2024US$6.0tUS$505.1bUS$93.4b30.2x64.4x11.9x
Tue, 29 Oct 2024US$6.3tUS$488.9bUS$101.3b28x61.8x12.8x
Thu, 26 Sep 2024US$5.8tUS$485.6bUS$99.5b26.9x57.9x11.9x
Sat, 24 Aug 2024US$5.9tUS$466.0bUS$94.2b28.9x62.7x12.7x
Mon, 22 Jul 2024US$5.8tUS$467.9bUS$96.6b28x59.7x12.3x
Wed, 19 Jun 2024US$6.4tUS$464.9bUS$94.3b30.2x67.4x13.7x
Fri, 17 May 2024US$5.1tUS$444.9bUS$83.2b29.5x61.1x11.4x
Sun, 14 Apr 2024US$5.0tUS$447.5bUS$81.6b28.8x60.9x11.1x
Tue, 12 Mar 2024US$4.8tUS$446.3bUS$78.2b29.3x61.6x10.8x
Thu, 08 Feb 2024US$4.1tUS$429.8bUS$71.5b28.7x57.2x9.5x
Sat, 06 Jan 2024US$3.4tUS$433.3bUS$69.5b26.2x49.3x7.9x
Mon, 04 Dec 2023US$3.2tUS$432.3bUS$70.4b25.4x45.6x7.4x
Wed, 01 Nov 2023US$2.8tUS$424.2bUS$63.4b20.6x43.8x6.5x
Fri, 29 Sep 2023US$2.9tUS$428.2bUS$65.8b24.8x44.7x6.9x
Sun, 27 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Tue, 25 Jul 2023US$3.1tUS$429.2bUS$67.3b23.2x45.7x7.2x
Thu, 22 Jun 2023US$3.0tUS$434.1bUS$71.9b23.6x41.1x6.8x
Sat, 20 May 2023US$2.5tUS$434.7bUS$70.4b21.1x35.8x5.8x
Mon, 17 Apr 2023US$2.4tUS$443.8bUS$85.6b18.6x27.5x5.3x
Wed, 15 Mar 2023US$2.2tUS$447.4bUS$90.2b18.3x24.4x4.9x
Fri, 10 Feb 2023US$2.2tUS$442.7bUS$89.1b19.2x25.2x5.1x
Sun, 08 Jan 2023US$1.9tUS$447.5bUS$96.4b16.8x19.8x4.3x
Tue, 06 Dec 2022US$2.0tUS$449.4bUS$97.5b17.1x20.4x4.4x
Thu, 03 Nov 2022US$1.7tUS$443.0bUS$97.9b15.4x17.4x3.9x
Price to Earnings Ratio

17.4x


Total Market Cap: US$1.7tTotal Earnings: US$97.9bTotal Revenue: US$443.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 49.8x202320242025
Current Industry PE
  • Investors are optimistic on the American Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 55.4x which is higher than its 3-year average PE of 49.8x.
  • The 3-year average PS ratio of 9.5x is lower than the industry's current PS ratio of 14.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market1.01%
Tech1.79%
Semiconductors1.69%
Semiconductor Equipment2.38%
Semiconductors1.63%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 55.1x.
    • Analysts are expecting annual earnings growth of 24.2%, which is higher than its past year's earnings decline of 0.6% 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 26.6x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 0.6% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 11% 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$186.261.7%
+US$73.9b		31.6%PE52.3x
AVGO BroadcomUS$354.131.4%
+US$23.1b		105.9%PE88.9x
AMD Advanced Micro DevicesUS$252.925.1%
+US$20.1b		58.2%PE150.3x
MU Micron TechnologyUS$219.025.9%
+US$13.8b		105.9%PE28.8x
LRCX Lam ResearchUS$151.685.3%
+US$8.9b		101.0%PE32.8x

Latest News

NVDA
US$186.26
NVIDIA
7D
1.7%
1Y
31.6%
ADI
US$238.01
Analog Devices
7D
-3.3%
1Y
3.4%
LRCX
US$151.68
Lam Research
7D
5.3%
1Y
101.0%
TXN
US$169.13
Texas Instruments
7D
-5.8%
1Y
-17.8%
QCOM
US$168.94
QUALCOMM
7D
1.1%
1Y
-1.9%
MU
US$219.02
Micron Technology
7D
5.9%
1Y
105.9%
AMD
US$252.92
Advanced Micro Devices
7D
5.1%
1Y
58.2%

Analysts Lift AMD Price Targets as AI Deals and Valuation Projections Fuel Optimism

Analysts have significantly raised their price targets for Advanced Micro Devices, increasing the fair value estimate from approximately $214 to over $239 per share. Stronger revenue growth, expanding profit margins, and major AI infrastructure deals are expected to drive substantial upside for the company.
NVTS
US$14.07
Navitas Semiconductor
7D
-17.7%
1Y
406.1%

Analysts Cite Mixed Sentiment as Navitas Semiconductor Price Target Rises on Growth Prospects

Analysts have raised their price target for Navitas Semiconductor to $7.24 from $6.74, citing continued optimism about revenue growth and the company's strategic shift toward higher power applications. This adjustment comes despite some ongoing uncertainty in the market.
AVGO
US$354.13
Broadcom
7D
1.4%
1Y
105.9%

Accelerating AI Demand And VMware Integration Will Expand Future Opportunities

Broadcom's analyst price target has been increased from approximately $370 to $387 per share, as analysts cite strong revenue growth expectations following significant AI partnerships and expanded custom chip deployments with OpenAI. Analyst Commentary Recent analyst commentary reflects strong optimism regarding Broadcom's growth trajectory, with successive price target increases following its new strategic partnerships and record custom chip deployments.
RGTI
US$38.84
Rigetti Computing
7D
-10.3%
1Y
2,489.3%
KLAC
US$1,182.82
KLA
7D
2.6%
1Y
75.4%

AI And Advanced Packaging Will Unlock Future Value

KLA's analyst price target has increased by approximately $54 to $1,026, reflecting analysts' growing optimism on AI-related demand and improved industry sentiment. This comes despite some caution on future expectations.
MRVL
US$84.13
Marvell Technology
7D
-2.0%
1Y
0.8%

AI Cloud Design Wins Will Expand Data Center Reach

Marvell Technology's analyst price target has increased by approximately $2.44 to $89.67, as analysts point to strengthening AI infrastructure demand and continued growth expectations across its key business segments. Analyst Commentary Recent analyst coverage of Marvell Technology reflects both optimism about the company's prospects in AI infrastructure and increased scrutiny on segment performance and near-term execution.
MPWR
US$1,074.91
Monolithic Power Systems
7D
4.2%
1Y
20.7%

Overvaluation And Rising Costs Will Erode Semiconductor Margins

Analysts have raised their price target for Monolithic Power Systems by over $110 to approximately $979. They cite strong enterprise data momentum, an expanded share in key markets, and increased confidence in the company's growth trajectory through 2027.
ON
US$50.71
ON Semiconductor
7D
-7.6%
1Y
-29.8%
MCHP
US$63.17
Microchip Technology
7D
-5.8%
1Y
-18.2%
ARM
US$170.68
Arm Holdings
7D
-0.5%
1Y
13.8%

ARM Holdings: Strong Fundamentals Anchor Long-Term Value, While Short-Term Bubble Dynamics Offer Tactical Play

ARM Holdings continues to benefit from its irreplaceable role in the global semiconductor ecosystem—powering everything from smartphones to AI edge devices. Based on a forward earnings framework anchored to the 10-year U.S. Treasury yield , the stock’s intrinsic fair value is estimated at $70 per share.