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U.S. Semiconductors Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies123
  • 7D0.9%
  • 3M14.8%
  • 1Y39.7%
  • YTD30.4%

Last week, the Semiconductors industry hasn't moved much but Intel is up 25% in that time. As for the the longer term, the industry is up 40% over the past 12 months. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025US$8.1tUS$597.4bUS$136.9b34.8x59.4x13.6x
Sat, 23 Aug 2025US$7.6tUS$573.3bUS$118.6b30.1x64.2x13.3x
Mon, 21 Jul 2025US$7.6tUS$566.4bUS$118.3b31.1x64x13.4x
Wed, 18 Jun 2025US$6.6tUS$563.8bUS$116.8b26.8x56.6x11.7x
Fri, 16 May 2025US$6.2tUS$541.4bUS$108.9b23.5x56.8x11.4x
Sun, 13 Apr 2025US$5.0tUS$537.4bUS$108.9b23x45.9x9.3x
Tue, 11 Mar 2025US$5.4tUS$536.2bUS$108.3b28.1x49.6x10x
Thu, 06 Feb 2025US$5.8tUS$513.9bUS$94.9b31.4x61.2x11.3x
Sat, 04 Jan 2025US$6.3tUS$513.5bUS$96.7b31.2x64.9x12.2x
Mon, 02 Dec 2024US$6.0tUS$505.1bUS$93.4b30.2x64.4x11.9x
Wed, 30 Oct 2024US$6.2tUS$489.1bUS$101.3b31x61.7x12.8x
Fri, 27 Sep 2024US$5.8tUS$489.3bUS$101.8b28.8x57.4x11.9x
Sun, 25 Aug 2024US$6.0tUS$466.0bUS$94.2b28.9x63.5x12.8x
Tue, 23 Jul 2024US$5.8tUS$467.9bUS$96.6b27.8x59.8x12.3x
Thu, 20 Jun 2024US$6.5tUS$464.9bUS$94.3b30.2x68.8x14x
Sat, 18 May 2024US$5.1tUS$444.9bUS$83.4b29.5x61x11.4x
Mon, 15 Apr 2024US$4.8tUS$447.5bUS$81.6b28.8x59x10.8x
Wed, 13 Mar 2024US$4.8tUS$446.3bUS$78.2b29.5x61.6x10.8x
Fri, 09 Feb 2024US$4.2tUS$429.5bUS$71.3b29x58.7x9.7x
Sun, 07 Jan 2024US$3.5tUS$433.3bUS$69.5b26.2x49.8x8x
Tue, 05 Dec 2023US$3.2tUS$432.3bUS$70.4b24.8x45.5x7.4x
Thu, 02 Nov 2023US$2.8tUS$424.5bUS$63.9b21x43.4x6.5x
Sat, 30 Sep 2023US$2.9tUS$428.2bUS$65.8b24.7x44.7x6.9x
Mon, 28 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Wed, 26 Jul 2023US$3.1tUS$429.2bUS$67.3b23.5x46.5x7.3x
Fri, 23 Jun 2023US$3.0tUS$434.1bUS$71.9b23.6x41.1x6.8x
Sun, 21 May 2023US$2.5tUS$434.7bUS$70.4b21.1x35.8x5.8x
Tue, 18 Apr 2023US$2.4tUS$443.8bUS$85.6b18.6x27.7x5.3x
Thu, 16 Mar 2023US$2.3tUS$447.3bUS$90.2b17.8x25.1x5.1x
Sat, 11 Feb 2023US$2.2tUS$442.5bUS$89.0b19x24.7x5x
Mon, 09 Jan 2023US$1.9tUS$447.5bUS$96.4b16.8x19.8x4.3x
Wed, 07 Dec 2022US$1.9tUS$449.4bUS$97.5b16.6x19.9x4.3x
Fri, 04 Nov 2022US$1.7tUS$443.0bUS$97.9b15.4x17.4x3.9x
Sun, 02 Oct 2022US$1.7tUS$439.9bUS$103.8b15.5x16x3.8x
Price to Earnings Ratio

16x


Total Market Cap: US$1.7tTotal Earnings: US$103.8bTotal Revenue: US$439.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 48.5x202320242025
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 59.4x which is higher than its 3-year average PE of 48.5x.
  • The 3-year average PS ratio of 9.1x is lower than the industry's current PS ratio of 13.6x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 9.7% 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 Market0.26%
Tech1.77%
Semiconductors0.86%
Semiconductor Equipment7.44%
Semiconductors0.40%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 53.7x.
    • Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings decline of 1.9% 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 26.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 1.9% 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
INTC IntelUS$31.2225.4%
+US$29.4b		32.6%PS2.7x
AMAT Applied MaterialsUS$201.4413.1%
+US$18.6b		2.1%PE23.5x
NVDA NVIDIAUS$176.970.4%
+US$17.7b		42.7%PE49.7x
KLAC KLAUS$1.07k8.0%
+US$10.1b		38.4%PE34.6x
QCOM QUALCOMMUS$173.555.0%
+US$8.9b		3.1%PE16.1x

Latest News

AVGO
US$339.31
Broadcom
7D
-2.0%
1Y
93.3%
MRVL
US$80.09
Marvell Technology
7D
12.8%
1Y
12.5%
KLAC
US$1,068.67
KLA
7D
8.0%
1Y
38.4%
CRDO
US$149.38
Credo Technology Group Holding
7D
-9.2%
1Y
400.9%
MTSI
US$126.66
MACOM Technology Solutions Holdings
7D
-4.0%
1Y
19.3%
POWI
US$40.81
Power Integrations
7D
-8.5%
1Y
-32.5%
TXN
US$184.44
Texas Instruments
7D
2.3%
1Y
-10.1%

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Sep 23
Texas Instruments (NASDAQ:TXN) Will Pay A Larger Dividend Than Last Year At $1.42
RGTI
US$31.64
Rigetti Computing
7D
43.9%
1Y
4,174.5%
AMAT
US$201.44
Applied Materials
7D
13.1%
1Y
2.1%
SMTC
US$59.83
Semtech
7D
-3.8%
1Y
26.0%
PI
US$184.64
Impinj
7D
-3.6%
1Y
-13.7%
INTC
US$31.22
Intel
7D
25.4%
1Y
32.6%

Intel Corporation's (NASDAQ:INTC) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Sep 20
Intel Corporation's (NASDAQ:INTC) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
NVDA
US$176.97
NVIDIA
7D
0.4%
1Y
42.7%
ALAB
US$205.27
Astera Labs
7D
-18.5%
1Y
274.9%

UALink And PCIe Advancements Will Accelerate AI Infrastructure Deployment

Astera Labs’ consensus price target has risen to $182.62 as analysts cite strong adoption of the Scorpio P PCIe switch, broader AI platform exposure, and growing per-system revenues, partially tempered by valuation concerns. Analyst Commentary Bullish analysts highlight the successful ramp-up of the Scorpio P PCIe switch, contributing to revenue upside, particularly for AI rack scale-out applications.
ARM
US$144.30
Arm Holdings
7D
-5.9%
1Y
-1.5%
QCOM
US$173.55
QUALCOMM
7D
5.0%
1Y
3.1%

AI, IoT And Data Center Expansion Will Unlock Future Upside

Analysts maintain a stable price target for QUALCOMM at $177.71, supported by optimism in diversification into automotive, AI, and IoT despite conservative near-term guidance, as recent results slightly exceeded expectations and management’s transformation efforts bolster confidence in future growth. Analyst Commentary Bullish analysts highlight building momentum from emerging opportunities in advanced driver-assistance systems, robotics, personal AI devices, datacenter, and industrial automation, forecasting stronger fundamentals starting fiscal 2027.