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U.S. Semiconductors Industry Analysis

UpdatedOct 12, 2025
DataAggregated Company Financials
Companies122
  • 7D-2.4%
  • 3M13.9%
  • 1Y34.6%
  • YTD33.0%

Over the last 7 days, the Semiconductors industry has dropped 2.4%, driven by a pullback from NVIDIA of 2.4%. In contrast, Advanced Micro Devices has gained 31%. In the past year, the industry has gained 35%. 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
Mon, 13 Oct 2025US$8.3tUS$597.4bUS$137.3b35.3x60.6x13.9x
Wed, 10 Sep 2025US$7.8tUS$593.8bUS$134.6b33.5x57.7x13.1x
Fri, 08 Aug 2025US$7.8tUS$572.1bUS$118.7b27.8x65.4x13.6x
Sun, 06 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.9x12.7x
Tue, 03 Jun 2025US$6.1tUS$561.2bUS$113.9b24.7x53.6x10.9x
Thu, 01 May 2025US$5.1tUS$537.0bUS$108.4b22.8x47x9.5x
Sat, 29 Mar 2025US$5.2tUS$537.5bUS$108.8b24.8x47.6x9.6x
Mon, 24 Feb 2025US$6.2tUS$515.3bUS$93.8b32.5x66.1x12x
Wed, 22 Jan 2025US$6.4tUS$513.6bUS$96.7b33.2x66.5x12.5x
Fri, 20 Dec 2024US$6.0tUS$513.5bUS$96.7b29.1x62.2x11.7x
Sun, 17 Nov 2024US$6.1tUS$488.4bUS$83.4b30.5x72.8x12.4x
Tue, 15 Oct 2024US$6.2tUS$489.2bUS$101.8b28.1x61x12.7x
Thu, 12 Sep 2024US$5.5tUS$485.4bUS$99.5b27.9x55.5x11.4x
Sat, 10 Aug 2024US$5.1tUS$467.2bUS$94.7b26.6x54.1x11x
Mon, 08 Jul 2024US$6.2tUS$467.9bUS$96.6b30.8x64.1x13.2x
Wed, 05 Jun 2024US$5.6tUS$461.2bUS$95.7b29.4x58.4x12.1x
Fri, 03 May 2024US$4.6tUS$446.8bUS$84.0b27.2x54.8x10.3x
Sun, 31 Mar 2024US$5.0tUS$447.4bUS$81.7b29.2x60.6x11.1x
Tue, 27 Feb 2024US$4.6tUS$443.4bUS$81.1b31.1x56.6x10.4x
Thu, 25 Jan 2024US$4.0tUS$432.6bUS$69.0b28.1x57.9x9.2x
Sat, 23 Dec 2023US$3.6tUS$433.3bUS$69.5b27.4x51.5x8.3x
Mon, 20 Nov 2023US$3.3tUS$420.6bUS$62.5b24.5x52.3x7.8x
Wed, 18 Oct 2023US$3.0tUS$427.9bUS$65.8b25.2x45.5x7x
Fri, 15 Sep 2023US$3.1tUS$430.8bUS$68.7b25.9x44.8x7.1x
Sun, 13 Aug 2023US$2.9tUS$419.7bUS$62.9b25.1x45.9x6.9x
Tue, 11 Jul 2023US$3.0tUS$429.1bUS$67.3b23.3x44.4x7x
Thu, 08 Jun 2023US$2.8tUS$434.2bUS$71.9b23.4x38.9x6.4x
Sat, 06 May 2023US$2.4tUS$434.2bUS$70.7b19.1x33.3x5.4x
Mon, 03 Apr 2023US$2.5tUS$443.8bUS$85.6b18.9x28.8x5.6x
Wed, 01 Mar 2023US$2.2tUS$443.7bUS$88.9b17.8x24.9x5x
Fri, 27 Jan 2023US$2.2tUS$448.4bUS$96.5b18.3x22.4x4.8x
Sun, 25 Dec 2022US$1.9tUS$447.3bUS$96.4b15.7x19.3x4.2x
Tue, 22 Nov 2022US$1.9tUS$447.2bUS$96.6b17.4x20x4.3x
Thu, 20 Oct 2022US$1.6tUS$439.8bUS$103.8b14.5x15.6x3.7x
Price to Earnings Ratio

15.6x


Total Market Cap: US$1.6tTotal Earnings: US$103.8bTotal Revenue: US$439.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 49.2x202320242025
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 60.6x which is higher than its 3-year average PE of 49.2x.
  • The 3-year average PS ratio of 9.3x is lower than the industry's current PS ratio of 13.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 9.8% 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-2.70%
Tech-2.47%
Semiconductors-2.39%
Semiconductors-1.94%
Semiconductor Equipment-8.25%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 54.4x.
    • Analysts are expecting annual earnings growth of 25.1%, 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 26.3x.
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
AMD Advanced Micro DevicesUS$214.9030.5%
+US$81.5b		28.0%PE127.7x
ARM Arm HoldingsUS$154.811.4%
+US$2.3b		2.2%PE234.5x
RGTI Rigetti ComputingUS$43.929.6%
+US$1.3b		5,279.7%PS1796.5x
ALAB Astera LabsUS$206.212.7%
+US$909.2m		209.2%PE342.2x
WOLF WolfspeedUS$31.1027.6%
+US$173.9m		n/aPS1.1x

Latest News

DVLT
US$1.90
Datavault AI
7D
41.8%
1Y
19.5%
QCOM
US$153.59
QUALCOMM
7D
-9.2%
1Y
-9.6%
LAES
US$5.41
SEALSQ
7D
16.6%
1Y
1,186.9%
AVGO
US$324.63
Broadcom
7D
-4.1%
1Y
78.9%
NVDA
US$183.16
NVIDIA
7D
-2.4%
1Y
35.9%
LRCX
US$131.37
Lam Research
7D
-9.9%
1Y
58.5%

Advanced Chip Manufacturing Will Expand Global Semiconductor Markets

Analysts have raised their price target for Lam Research, increasing the fair value estimate by approximately $10 to $120.82. This change is attributed to improving profit margins, stronger revenue growth forecasts, and constructive industry trends cited in recent research updates.
AMD
US$214.90
Advanced Micro Devices
7D
30.5%
1Y
28.0%

AI And Data Centers Will Face Risks Yet Unlock Potential

Analysts have raised their fair value estimate for Advanced Micro Devices from $184.67 to $213.93. They cite stronger revenue growth expectations and the recently announced multi-year AI infrastructure deal with OpenAI as key drivers of the upward revision.
ALAB
US$206.21
Astera Labs
7D
2.7%
1Y
209.2%
POET
US$7.63
POET Technologies
7D
22.7%
1Y
98.2%
ARM
US$154.81
Arm Holdings
7D
1.4%
1Y
2.2%
KLAC
US$982.75
KLA
7D
-10.8%
1Y
22.3%
MU
US$181.60
Micron Technology
7D
-3.3%
1Y
69.8%

AI And Data Center Demand Will Drive Advanced Memory Expansion

Micron Technology's analyst price target has climbed significantly from approximately $160 to $187 per share. Analysts cite strong quarterly results, higher profit margins, and optimism around sustained pricing power in the memory market as drivers of the increase.
WOLF
US$31.10
Wolfspeed
7D
27.6%
1Y
n/a
ADI
US$225.32
Analog Devices
7D
-6.9%
1Y
-3.2%
TXN
US$171.70
Texas Instruments
7D
-4.8%
1Y
-16.3%

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
RGTI
US$43.92
Rigetti Computing
7D
9.6%
1Y
5,279.7%