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U.S. Semiconductors Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies123
  • 7D0.4%
  • 3M14.9%
  • 1Y40.5%
  • YTD30.4%

In the last week, the Semiconductors industry is flat overall, with Broadcom standing out by going down 3.0%. As for the the longer term, the industry is up 41% 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
Sat, 27 Sep 2025US$8.1tUS$597.4bUS$136.9b34.9x59.5x13.6x
Mon, 25 Aug 2025US$7.8tUS$573.3bUS$118.6b30.1x65.4x13.5x
Wed, 23 Jul 2025US$7.5tUS$566.2bUS$118.1b30.9x63.4x13.2x
Fri, 20 Jun 2025US$6.6tUS$563.8bUS$116.8b27x56.7x11.7x
Sun, 18 May 2025US$6.2tUS$541.9bUS$109.3b23.5x56.3x11.4x
Tue, 15 Apr 2025US$5.0tUS$537.3bUS$108.9b23.1x46x9.3x
Thu, 13 Mar 2025US$5.2tUS$536.3bUS$108.3b28.2x47.6x9.6x
Sat, 08 Feb 2025US$6.1tUS$515.4bUS$96.1b31x63.6x11.9x
Mon, 06 Jan 2025US$6.5tUS$513.5bUS$96.7b31.2x67.1x12.6x
Wed, 04 Dec 2024US$6.1tUS$505.0bUS$93.4b31.1x65.3x12.1x
Fri, 01 Nov 2024US$5.9tUS$489.5bUS$101.6b26.9x58.4x12.1x
Sun, 29 Sep 2024US$5.8tUS$489.3bUS$101.8b29.2x57.3x11.9x
Tue, 27 Aug 2024US$6.0tUS$466.0bUS$94.2b27.9x63.5x12.8x
Thu, 25 Jul 2024US$6.0tUS$466.6bUS$95.9b26.9x62.2x12.8x
Sat, 22 Jun 2024US$6.3tUS$464.9bUS$94.3b30x66.6x13.5x
Mon, 20 May 2024US$5.0tUS$444.9bUS$83.4b29.5x60.2x11.3x
Wed, 17 Apr 2024US$4.7tUS$447.5bUS$81.6b28.2x57.9x10.6x
Fri, 15 Mar 2024US$4.9tUS$446.0bUS$78.2b29.6x62.8x11x
Sun, 11 Feb 2024US$4.4tUS$429.4bUS$71.2b29.2x61.1x10.1x
Tue, 09 Jan 2024US$3.5tUS$433.3bUS$69.5b26.4x49.8x8x
Thu, 07 Dec 2023US$3.1tUS$432.2bUS$70.4b24.8x44.4x7.2x
Sat, 04 Nov 2023US$3.0tUS$421.3bUS$62.6b24.3x47.9x7.1x
Mon, 02 Oct 2023US$3.0tUS$428.2bUS$65.8b24.8x44.9x6.9x
Wed, 30 Aug 2023US$3.1tUS$427.7bUS$68.4b26.9x45.6x7.3x
Fri, 28 Jul 2023US$3.1tUS$427.2bUS$66.2b23.3x46.9x7.3x
Sun, 25 Jun 2023US$2.9tUS$434.1bUS$71.9b22.9x40.4x6.7x
Tue, 23 May 2023US$2.5tUS$434.7bUS$70.4b21.2x35.8x5.8x
Thu, 20 Apr 2023US$2.4tUS$443.7bUS$85.6b18.4x27.8x5.4x
Sat, 18 Mar 2023US$2.3tUS$447.4bUS$90.2b18x25.9x5.2x
Mon, 13 Feb 2023US$2.2tUS$442.5bUS$89.0b18.3x24.7x5x
Wed, 11 Jan 2023US$2.0tUS$447.6bUS$96.4b17.4x20.4x4.4x
Fri, 09 Dec 2022US$2.0tUS$449.4bUS$97.5b17.1x20.5x4.4x
Sun, 06 Nov 2022US$1.8tUS$446.9bUS$98.4b15.4x17.9x3.9x
Tue, 04 Oct 2022US$1.7tUS$439.9bUS$103.8b15.6x16.6x3.9x
Price to Earnings Ratio

16.6x


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 48.6x202320242025
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 59.5x which is higher than its 3-year average PE of 48.6x.
  • The 3-year average PS ratio of 9.2x 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 Market-0.61%
Tech-0.18%
Semiconductors0.37%
Semiconductor Equipment3.31%
Semiconductors0.16%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 53.8x.
    • Analysts are expecting annual earnings growth of 25.0%, 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
NVDA NVIDIAUS$178.190.9%
+US$36.9b		46.8%PE50x
INTC IntelUS$35.5020.0%
+US$27.5b		48.5%PS3.1x
AMAT Applied MaterialsUS$203.927.3%
+US$11.0b		-0.5%PE23.8x
MRVL Marvell TechnologyUS$83.1712.0%
+US$7.7b		17.2%PS9.9x
TXN Texas InstrumentsUS$184.552.9%
+US$4.7b		-11.8%PE33.5x

Latest News

MRVL
US$83.17
Marvell Technology
7D
12.0%
1Y
17.2%
INTC
US$35.50
Intel
7D
20.0%
1Y
48.5%

Flattened Structure And AI Focus Will Drive Operational Efficiency

The consensus analyst price target for Intel has increased to $25.18, driven by optimism around the Nvidia partnership and prospects for strategic investments offsetting persistent concerns about advanced-node execution and competitive headwinds. Analyst Commentary Bullish analysts are encouraged by the Nvidia partnership and $5B equity investment, viewing it as a transformative "tipping point" for Intel's AI and data center positioning, and as a strong vote of confidence from the industry's leader.
AVGO
US$334.53
Broadcom
7D
-3.0%
1Y
93.7%
MU
US$157.27
Micron Technology
7D
-3.4%
1Y
46.3%
CRDO
US$142.93
Credo Technology Group Holding
7D
-15.7%
1Y
354.5%
TXN
US$184.55
Texas Instruments
7D
2.9%
1Y
-11.8%

Texas Instruments (NASDAQ:TXN) Will Pay A Larger Dividend Than Last Year At $1.42

Sep 23
Texas Instruments (NASDAQ:TXN) Will Pay A Larger Dividend Than Last Year At $1.42
TER
US$135.31
Teradyne
7D
12.9%
1Y
0.5%

AI, Robotics And Automation Will Expand Silicon Photonics Testing

Teradyne’s consensus price target has been raised to $120.25, reflecting stronger analyst conviction driven by momentum in AI compute and memory testing—including traction with TSMC and HBM4 designs—and optimism for potential expansion into Nvidia GPU testing, despite some lingering caution on estimate revisions. Analyst Commentary Bullish analysts highlight meaningful traction for Teradyne in AI compute supply chain, notably with TSMC for GPU wafer sort testing, and anticipated SoC tester purchases extending into 2026.
AMAT
US$203.92
Applied Materials
7D
7.3%
1Y
-0.5%
PI
US$175.45
Impinj
7D
-8.4%
1Y
-17.7%
NVDA
US$178.19
NVIDIA
7D
0.9%
1Y
46.8%
MPWR
US$887.55
Monolithic Power Systems
7D
-3.1%
1Y
-4.0%
SITM
US$292.76
SiTime
7D
-6.4%
1Y
66.3%
ALAB
US$197.78
Astera Labs
7D
-19.3%
1Y
269.5%

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.
AMD
US$159.46
Advanced Micro Devices
7D
1.3%
1Y
-3.0%
ARM
US$139.62
Arm Holdings
7D
-2.3%
1Y
-4.1%
QCOM
US$169.20
QUALCOMM
7D
1.4%
1Y
-0.5%

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.