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U.S. Semiconductors Industry Analysis

UpdatedMay 05, 2026
DataAggregated Company Financials
Companies127
  • 7D-1.3%
  • 3M26.5%
  • 1Y110.1%
  • YTD23.9%

Over the last 7 days, the Semiconductors industry has dropped 1.3%, driven by NVIDIA declining 6.9%. This takes the industry's 12 month performance to a gain of 110%. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 May 2026US$11.2tUS$701.7bUS$219.3b48.1x51x15.9x
Thu, 02 Apr 2026US$8.7tUS$697.6bUS$215.5b39.1x40.2x12.4x
Sat, 28 Feb 2026US$9.2tUS$677.0bUS$201.1b43.8x45.8x13.6x
Mon, 26 Jan 2026US$9.2tUS$640.2bUS$175.9b40.8x52.2x14.4x
Wed, 24 Dec 2025US$8.9tUS$640.7bUS$176.4b36.6x50.5x13.9x
Fri, 21 Nov 2025US$8.6tUS$630.1bUS$165.7b32.8x52.2x13.7x
Sun, 19 Oct 2025US$8.6tUS$597.4bUS$137.3b35.9x62.6x14.4x
Tue, 16 Sep 2025US$8.1tUS$593.8bUS$134.6b32.3x60.5x13.7x
Thu, 14 Aug 2025US$8.0tUS$572.2bUS$118.2b30.5x67.4x13.9x
Sat, 12 Jul 2025US$7.3tUS$566.4bUS$118.3b31.9x61.7x12.9x
Mon, 09 Jun 2025US$6.4tUS$563.8bUS$116.8b26.2x54.8x11.3x
Wed, 07 May 2025US$5.3tUS$539.2bUS$108.6b22.5x48.7x9.8x
Fri, 04 Apr 2025US$4.9tUS$537.4bUS$108.9b22.4x44.9x9.1x
Sun, 02 Mar 2025US$5.7tUS$532.8bUS$103.5b31x55.4x10.8x
Tue, 28 Jan 2025US$5.9tUS$513.6bUS$96.5b31.2x61.2x11.5x
Thu, 26 Dec 2024US$6.4tUS$513.5bUS$96.7b30x66.3x12.5x
Sat, 23 Nov 2024US$6.2tUS$505.3bUS$93.4b29.7x66.5x12.3x
Mon, 21 Oct 2024US$6.2tUS$489.1bUS$101.7b29x61x12.7x
Wed, 18 Sep 2024US$5.5tUS$485.4bUS$99.5b26.5x55.8x11.4x
Fri, 16 Aug 2024US$5.6tUS$467.2bUS$94.7b29.5x58.6x11.9x
Sun, 14 Jul 2024US$6.3tUS$467.9bUS$96.6b29.8x65.4x13.5x
Tue, 11 Jun 2024US$5.9tUS$461.2bUS$95.7b29.3x61.3x12.7x
Thu, 09 May 2024US$4.8tUS$445.8bUS$83.5b28.6x58.1x10.9x
Sat, 06 Apr 2024US$4.8tUS$447.7bUS$81.6b29.8x59.1x10.8x
Mon, 04 Mar 2024US$4.8tUS$443.3bUS$81.1b29.9x59.4x10.9x
Wed, 31 Jan 2024US$4.0tUS$431.9bUS$71.4b29.4x56.3x9.3x
Fri, 29 Dec 2023US$3.6tUS$433.4bUS$69.5b27.8x52.4x8.4x
Sun, 26 Nov 2023US$3.2tUS$432.4bUS$70.6b25.2x46x7.5x
Tue, 24 Oct 2023US$2.9tUS$426.3bUS$65.3b22.9x43.9x6.7x
Thu, 21 Sep 2023US$2.9tUS$430.8bUS$68.7b24.8x42.3x6.8x
Sat, 19 Aug 2023US$2.9tUS$421.1bUS$62.9b25.1x46.1x6.9x
Mon, 17 Jul 2023US$3.1tUS$429.2bUS$67.3b23.5x46.2x7.2x
Wed, 14 Jun 2023US$3.0tUS$434.2bUS$71.9b24.3x41.5x6.9x
Fri, 12 May 2023US$2.3tUS$434.1bUS$70.5b19x33.1x5.4x
Price to Earnings Ratio

33.1x


Total Market Cap: US$2.3tTotal Earnings: US$70.5bTotal Revenue: US$434.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 54.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Semiconductor industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 51.0x which is lower than its 3-year average PE of 54.3x.
  • The 3-year average PS ratio of 11.0x is lower than the industry's current PS ratio of 15.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market0.58%
Tech0.36%
Semiconductors-1.27%
Semiconductors-0.91%
Semiconductor Equipment-4.50%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 59.3x.
    • Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings growth of 10.2% 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 31.4x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 20% 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$416.504.2%
+US$78.9b		108.2%PE79x
MU Micron TechnologyUS$576.459.9%
+US$58.5b		616.8%PE27x
INTC IntelUS$95.7812.7%
+US$54.2b		372.5%PS9x
QCOM QUALCOMMUS$168.3812.1%
+US$17.1b		20.8%PE17.9x
NXPI NXP SemiconductorsUS$290.7622.8%
+US$13.6b		57.2%PE27.7x

Latest News

NXPI
US$290.76
NXP Semiconductors
7D
22.8%
1Y
57.2%
TER
US$337.44
Teradyne
7D
-16.1%
1Y
347.3%
AVGO
US$416.50
Broadcom
7D
4.2%
1Y
108.2%
MU
US$576.45
Micron Technology
7D
9.9%
1Y
616.8%
KLAC
US$1,713.32
KLA
7D
-9.8%
1Y
147.1%
AMD
US$341.54
Advanced Micro Devices
7D
2.1%
1Y
239.5%
AMAT
US$391.38
Applied Materials
7D
-3.3%
1Y
153.1%
ARM
US$203.26
Arm Holdings
7D
-5.8%
1Y
66.7%

ARM: AI Data Center CPU Hopes Will Eventually Confront Execution Risk

Analysts have lifted the fair value estimate for Arm Holdings by about $23.89 to $171.98. This reflects recent price target increases across several firms that cite stronger long term revenue assumptions, modestly higher future P/E expectations and ongoing AI related CPU opportunities, even as some also flag risks through mixed rating changes and discount rate adjustments.
NVDA
US$198.48
NVIDIA
7D
-6.9%
1Y
74.8%

NVDA: AI Backlog Visibility And Export Controls Will Shape Future Leadership

Analysts lifted the price target for Nvidia shares by $3 to reflect slightly higher fair value estimates, modestly lower discount rates, and updated expectations for revenue growth, profit margins, and future P/E after a wave of upbeat research that points to sustained AI demand and broadening partnerships around the company’s platform. Analyst Commentary Recent research coverage around Nvidia highlights a wide range of opinions, with many firms updating models after the latest earnings, GTC announcements, and management commentary on long term AI demand.
INTC
US$95.78
Intel
7D
12.7%
1Y
372.5%
QCOM
US$168.38
QUALCOMM
7D
12.1%
1Y
20.8%

QCOM: Data Center And On Device AI Will Rebalance Handset Exposure

QUALCOMM's updated analyst price target of $168.50, up from $154.93, reflects analysts incorporating modestly higher revenue growth assumptions, a slightly lower discount rate, a higher future P/E multiple, and a small adjustment to profit margin expectations in light of the recent wave of target hikes and upgrades across major firms. Analyst Commentary Recent Street research on QUALCOMM shows a wide range of views, with several firms raising price targets or upgrading ratings and others cutting targets or moving to more cautious stances.
RMBS
US$111.50
Rambus
7D
-21.1%
1Y
119.8%
ENTG
US$138.96
Entegris
7D
-11.2%
1Y
65.6%

ENTG: Higher P E Assumptions And Guidance Will Shape Bullish Share Outlook

Analysts have raised the implied fair value estimate for Entegris from $155.00 to approximately $204.66, citing updated assumptions for revenue growth, profitability, and a higher future P/E multiple that are consistent with a recent series of price target increases across major firms. Analyst Commentary Recent Street research shows a cluster of higher price targets for Entegris across several major firms, with multiple reports on the same dates pointing to reassessments of the company’s earnings power, execution, and long term positioning in the semiconductor supply chain.
TXN
US$280.89
Texas Instruments
7D
4.2%
1Y
72.9%
NVMI
US$492.29
Nova
7D
-7.2%
1Y
151.1%
MCHP
US$95.30
Microchip Technology
7D
13.1%
1Y
101.7%