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U.S. Semiconductors Industry Analysis

UpdatedSep 08, 2025
DataAggregated Company Financials
Companies123
  • 7D-0.3%
  • 3M17.8%
  • 1Y53.4%
  • YTD22.0%

Over the last 7 days, the Semiconductors industry has remained flat, although notably Broadcom gained 13%. As for the the longer term, the industry is up 53% over the past 12 months. 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
Mon, 08 Sep 2025US$7.6tUS$593.8bUS$134.6b32x56.6x12.8x
Wed, 06 Aug 2025US$7.8tUS$570.0bUS$118.1b28.6x65.7x13.6x
Fri, 04 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.8x12.7x
Sun, 01 Jun 2025US$6.1tUS$561.2bUS$113.9b24.7x53.6x10.9x
Tue, 29 Apr 2025US$5.1tUS$538.7bUS$108.9b25.5x46.9x9.5x
Thu, 27 Mar 2025US$5.3tUS$537.5bUS$108.8b26.7x49.2x10x
Sat, 22 Feb 2025US$6.2tUS$515.3bUS$93.8b32.5x66.1x12x
Mon, 20 Jan 2025US$6.4tUS$513.5bUS$96.7b33.1x66.5x12.5x
Wed, 18 Dec 2024US$6.3tUS$509.5bUS$93.6b31.9x67.3x12.4x
Fri, 15 Nov 2024US$6.3tUS$488.2bUS$83.8b31.9x74.9x12.9x
Sun, 13 Oct 2024US$6.2tUS$489.2bUS$101.8b28.1x61x12.7x
Tue, 10 Sep 2024US$5.1tUS$485.4bUS$99.5b25.7x51.3x10.5x
Thu, 08 Aug 2024US$4.9tUS$468.0bUS$92.9b25.1x52.6x10.4x
Sat, 06 Jul 2024US$6.2tUS$467.9bUS$96.6b30.8x64.1x13.2x
Mon, 03 Jun 2024US$5.5tUS$462.6bUS$95.6b29.5x57.1x11.8x
Wed, 01 May 2024US$4.7tUS$446.3bUS$82.9b28.1x56.6x10.5x
Fri, 29 Mar 2024US$4.9tUS$448.2bUS$81.2b29.2x60.9x11x
Sun, 25 Feb 2024US$4.5tUS$443.4bUS$81.1b30.9x56x10.2x
Tue, 23 Jan 2024US$4.0tUS$433.1bUS$69.5b27.4x57.2x9.2x
Thu, 21 Dec 2023US$3.6tUS$432.7bUS$70.6b24.9x51x8.3x
Sat, 18 Nov 2023US$3.3tUS$420.6bUS$62.1b24.6x52.5x7.7x
Mon, 16 Oct 2023US$3.0tUS$427.9bUS$65.8b25x45.8x7x
Wed, 13 Sep 2023US$3.0tUS$428.1bUS$68.7b25x43.8x7x
Fri, 11 Aug 2023US$3.0tUS$419.8bUS$62.9b25.4x47.1x7.1x
Sun, 09 Jul 2023US$3.0tUS$429.1bUS$67.3b22.7x43.9x6.9x
Tue, 06 Jun 2023US$2.9tUS$434.2bUS$71.9b22.9x39.7x6.6x
Thu, 04 May 2023US$2.3tUS$436.7bUS$72.7b18.5x31.6x5.3x
Sat, 01 Apr 2023US$2.5tUS$443.8bUS$85.6b18.9x28.8x5.6x
Mon, 27 Feb 2023US$2.2tUS$442.9bUS$88.7b17.5x24.7x4.9x
Wed, 25 Jan 2023US$2.1tUS$447.6bUS$96.4b18.1x22x4.7x
Fri, 23 Dec 2022US$1.9tUS$447.3bUS$96.4b15.8x19.3x4.2x
Sun, 20 Nov 2022US$2.0tUS$447.2bUS$96.6b17.7x20.3x4.4x
Tue, 18 Oct 2022US$1.6tUS$439.8bUS$103.8b14.5x15.1x3.6x
Thu, 15 Sep 2022US$1.9tUS$441.7bUS$105.0b16.9x17.7x4.2x
Price to Earnings Ratio

17.7x


Total Market Cap: US$1.9tTotal Earnings: US$105.0bTotal Revenue: US$441.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 47.8x202320242025
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 56.6x which is higher than its 3-year average PE of 47.8x.
  • The 3-year average PS ratio of 9.0x is lower than the industry's current PS ratio of 12.8x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 8.6% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market0.46%
Tech0.15%
Semiconductors-0.29%
Semiconductor Equipment2.13%
Semiconductors-0.44%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 53.0x.
    • Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings decline of 0.7% 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 25.7x.
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 0.7% 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
AVGO BroadcomUS$334.8912.6%
+US$176.4b		137.8%PE83.7x
MU Micron TechnologyUS$131.3710.4%
+US$13.8b		52.3%PE23.6x
KLAC KLAUS$905.093.8%
+US$4.4b		27.5%PE29.4x
LRCX Lam ResearchUS$102.952.8%
+US$3.5b		40.2%PE24.3x
CRDO Credo Technology Group HoldingUS$140.8214.4%
+US$3.1b		480.5%PE194.7x

Latest News

CRDO
US$140.82
Credo Technology Group Holding
7D
14.4%
1Y
480.5%
AVGO
US$334.89
Broadcom
7D
12.6%
1Y
137.8%
MPWR
US$865.86
Monolithic Power Systems
7D
3.6%
1Y
3.6%
ADI
US$247.07
Analog Devices
7D
-1.7%
1Y
13.0%
NVDA
US$167.02
NVIDIA
7D
-4.1%
1Y
56.9%
AMAT
US$162.75
Applied Materials
7D
1.2%
1Y
-8.3%

AI And Advanced Packaging Will Reshape Semiconductor Landscape

Applied Materials’ consensus price target remains unchanged at $194.58, as analysts weigh near-term earnings headwinds from China-related volatility and export restrictions against long-term strength in AI-driven demand and wafer fab investments. Analyst Commentary Consensus among analysts is that Applied Materials’ near-term earnings outlook is weaker than expected due to volatility and digestion in China and reduced leading-edge foundry/logic spending, with guidance for the October quarter notably below consensus.
QCOM
US$159.84
QUALCOMM
7D
-0.6%
1Y
-0.6%

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.
MU
US$131.37
Micron Technology
7D
10.4%
1Y
52.3%

AI And Data Center Demand Will Drive Advanced Memory Expansion

Analysts remain bullish on Micron due to strong DRAM pricing, a shift toward higher-value HBM products, robust AI-driven demand, and improved guidance, but some caution persists regarding NAND and costs; the consensus analyst price target is unchanged at $150.57. Analyst Commentary Bullish analysts highlight Micron’s significantly better-than-expected Q4 guidance, citing strong DRAM pricing, favorable valuation, and robust long-term growth prospects due to secular AI and data center demand.
LRCX
US$102.95
Lam Research
7D
2.8%
1Y
40.2%
NXPI
US$226.74
NXP Semiconductors
7D
-3.5%
1Y
-1.7%
KLAC
US$905.09
KLA
7D
3.8%
1Y
27.5%
ALAB
US$191.20
Astera Labs
7D
4.9%
1Y
402.8%
AMD
US$151.14
Advanced Micro Devices
7D
-7.1%
1Y
9.4%

AI And Data Centers Will Face Risks Yet Unlock Potential

Buoyed by accelerating AI server demand, renewed access to the Chinese AI chip market, and strong quarterly execution, analysts have raised Advanced Micro Devices’ consensus price target from $178.78 to $184.67. Analyst Commentary Bullish analysts cite a significant ramp in AI server demand from hyperscalers, with accelerating momentum in AMD's MI350 GPU series and expectations for the future launch of the MI400 architecture to drive revenue outperformance and market share gains through 2026.
RGTI
US$15.10
Rigetti Computing
7D
-7.0%
1Y
2,094.4%
ENTG
US$81.98
Entegris
7D
-2.1%
1Y
-21.9%
TXN
US$187.93
Texas Instruments
7D
-7.2%
1Y
-6.6%

Texas Instruments Incorporated Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 01
Texas Instruments Incorporated Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next