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U.S. Semiconductors Industry Analysis

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies128
  • 7D8.8%
  • 3M32.0%
  • 1Y106.2%
  • YTD38.6%

Over the last 7 days, the Semiconductors industry has risen 8.8%, driven by gains from NVIDIA of 12%. In the last 12 months, the industry was up 106%. 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
Wed, 13 May 2026US$7.2tUS$706.8bUS$220.7b59.6x32.8x10.3x
Fri, 10 Apr 2026US$9.6tUS$697.9bUS$215.5b39.8x44.3x13.7x
Sun, 08 Mar 2026US$8.8tUS$682.0bUS$203.4b39.4x43x12.8x
Tue, 03 Feb 2026US$9.4tUS$642.0bUS$176.8b42.2x52.9x14.6x
Thu, 01 Jan 2026US$8.9tUS$640.8bUS$176.4b35.8x50.2x13.8x
Sat, 29 Nov 2025US$8.8tUS$631.0bUS$166.0b36.1x52.8x13.9x
Mon, 27 Oct 2025US$8.8tUS$599.6bUS$158.5b39.5x55.4x14.7x
Wed, 24 Sep 2025US$8.3tUS$593.8bUS$134.6b35.4x61.7x14x
Fri, 22 Aug 2025US$7.6tUS$573.3bUS$118.6b28.1x64.3x13.3x
Sun, 20 Jul 2025US$7.6tUS$566.4bUS$118.3b31.1x64x13.4x
Tue, 17 Jun 2025US$6.5tUS$563.9bUS$116.8b27.3x55.4x11.5x
Thu, 15 May 2025US$6.0tUS$541.5bUS$109.1b23.4x55.3x11.1x
Sat, 12 Apr 2025US$4.9tUS$537.4bUS$108.9b23x44.5x9x
Mon, 10 Mar 2025US$5.4tUS$536.3bUS$108.3b30.1x49.7x10x
Wed, 05 Feb 2025US$5.7tUS$512.5bUS$94.9b30.6x60.2x11.2x
Fri, 03 Jan 2025US$6.2tUS$513.5bUS$96.7b30.8x63.7x12x
Sun, 01 Dec 2024US$6.0tUS$505.1bUS$93.4b30.2x64.4x11.9x
Tue, 29 Oct 2024US$6.3tUS$488.9bUS$101.3b28x61.8x12.8x
Thu, 26 Sep 2024US$5.8tUS$485.6bUS$99.5b26.9x57.9x11.9x
Sat, 24 Aug 2024US$5.9tUS$466.0bUS$94.2b28.9x62.7x12.7x
Mon, 22 Jul 2024US$5.8tUS$467.9bUS$96.6b28x59.7x12.3x
Wed, 19 Jun 2024US$6.4tUS$464.9bUS$94.3b30.2x67.4x13.7x
Fri, 17 May 2024US$5.1tUS$444.9bUS$83.2b29.5x61.1x11.4x
Sun, 14 Apr 2024US$5.0tUS$447.5bUS$81.6b28.8x60.9x11.1x
Tue, 12 Mar 2024US$4.8tUS$446.3bUS$78.2b29.3x61.6x10.8x
Thu, 08 Feb 2024US$4.1tUS$429.8bUS$71.5b28.7x57.2x9.5x
Sat, 06 Jan 2024US$3.4tUS$433.3bUS$69.5b26.2x49.3x7.9x
Mon, 04 Dec 2023US$3.2tUS$432.3bUS$70.4b25.4x45.6x7.4x
Wed, 01 Nov 2023US$2.8tUS$424.2bUS$63.4b20.6x43.8x6.5x
Fri, 29 Sep 2023US$2.9tUS$428.2bUS$65.8b24.8x44.7x6.9x
Sun, 27 Aug 2023US$3.0tUS$427.7bUS$68.4b25.8x43.6x7x
Tue, 25 Jul 2023US$3.1tUS$429.2bUS$67.3b23.2x45.7x7.2x
Thu, 22 Jun 2023US$3.0tUS$434.1bUS$71.9b23.6x41.1x6.8x
Sat, 20 May 2023US$2.5tUS$434.7bUS$70.4b21.1x35.8x5.8x
Price to Earnings Ratio

35.8x


Total Market Cap: US$2.5tTotal Earnings: US$70.4bTotal Revenue: US$434.7bTotal 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 32.8x which is lower than its 3-year average PE of 54.3x.
  • The industry is trading close to its 3-year average PS ratio of 11.1x.
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 18% 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 Market1.52%
Tech4.72%
Semiconductors8.84%
Semiconductors9.38%
Semiconductor Equipment4.10%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 31.7x.
    • Analysts expect its future annual earnings growth (20.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.3x.
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 21% 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$220.7812.4%
+US$589.9b		69.9%PE44.7x
AMD Advanced Micro DevicesUS$448.2926.2%
+US$151.8b		298.6%PE148.2x
MU Micron TechnologyUS$766.5819.7%
+US$142.5b		690.9%PE35.9x
INTC IntelUS$120.6111.5%
+US$62.6b		434.6%PS11.3x
QCOM QUALCOMMUS$210.3112.7%
+US$25.0b		39.0%PE22.3x

Latest News

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Narrative Update • May 12

INTC: EMIB Packaging And Apple Hopes Will Eventually Confront Execution Risk

Analysts have lifted Intel's implied fair value from about $24.46 to $42.73 per share, citing a wave of higher Street price targets and upgrades that reflect updated assumptions for revenue growth, profit margins and future P/E multiples following recent research commentary and potential customer deals. Analyst Commentary Recent Street research around Intel has been active, with a cluster of target changes, rating moves and commentary on potential customer deals.
NVDA
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7D
12.4%
1Y
69.9%
Narrative Update • May 12

NVIDIA's AI Vision Will Continue To Propel Its Market Dominance

Nvidia has delivered on its growth plan even faster than expected. While eventual competition is expected and will limit their outsized margins, Nvidia's dominance and the AI future it envisions has been well proven
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Vestra has increased revenue growth from 21.5% to 44.9%.
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