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U.S. Semiconductors Industry Analysis

UpdatedMay 30, 2026
DataAggregated Company Financials
Companies129
  • 7D3.6%
  • 3M44.7%
  • 1Y112.0%
  • YTD43.9%

The Semiconductors industry is up 3.6% in the last week, with Micron Technology up 29%. In the last 12 months, the industry was up 112%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 May 2026US$7.8tUS$747.9bUS$261.7b66.9x29.8x10.4x
Mon, 27 Apr 2026US$6.3tUS$700.2bUS$213.4b50.8x29.5x9x
Wed, 25 Mar 2026US$8.9tUS$697.5bUS$215.5b40.7x41.2x12.7x
Fri, 20 Feb 2026US$9.3tUS$647.8bUS$180.2b42.3x51.8x14.4x
Sun, 18 Jan 2026US$9.2tUS$640.8bUS$176.4b43.4x52.4x14.4x
Tue, 16 Dec 2025US$8.6tUS$635.8bUS$173.0b37.3x49.4x13.5x
Thu, 13 Nov 2025US$8.9tUS$610.5bUS$153.2b35.9x58.3x14.6x
Sat, 11 Oct 2025US$8.5tUS$597.4bUS$137.3b35.3x61.8x14.2x
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
Price to Earnings Ratio

39.7x


Total Market Cap: US$2.9tTotal Earnings: US$71.9bTotal Revenue: US$434.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 54.2x202420252026
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 29.8x which is lower than its 3-year average PE of 54.2x.
  • 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 54% per year over the last three years.
  • Revenues for these companies have grown 20% 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 Market1.47%
Tech4.55%
Semiconductors3.59%
Semiconductors3.66%
Semiconductor Equipment2.99%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 32.2x.
    • Analysts are expecting annual earnings growth of 21.7%, which is lower than the prior year's growth of 25.6% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.0x.
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 14% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 22% 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
MU Micron TechnologyUS$971.0029.3%
+US$248.1b		927.9%PE45.4x
AVGO BroadcomUS$446.777.9%
+US$154.5b		84.6%PE84.7x
AMD Advanced Micro DevicesUS$516.1010.4%
+US$79.2b		366.1%PE170.6x
ARM Arm HoldingsUS$353.2915.3%
+US$51.2b		183.7%PE417.4x
LRCX Lam ResearchUS$318.184.2%
+US$16.0b		293.8%PE59.3x

Latest News

QCOM
US$251.02
QUALCOMM
7D
5.4%
1Y
72.9%
Seeking Alpha • May 29

Qualcomm Is Not The Next Micron

Summary Qualcomm has surged on AI optimism, but its current valuation is overextended and unjustified by fundamentals. QCOM's AI exposure, including the ByteDance ASIC deal and Alphawave acquisition, is promising but remains speculative amid intense competition. Unlike Micron, QCOM lacks a critical market bottleneck or sustainable competitive moat in AI infrastructure. I rate QCOM a Sell, citing overvaluation, technical weakness, a flat earnings outlook, and persistent smartphone revenue headwinds. Read the full article on Seeking Alpha
TXN
US$305.68
Texas Instruments
7D
-1.1%
1Y
67.2%
CBRS
US$236.99
Cerebras Systems
7D
-7.7%
1Y
n/a
NVDA
US$211.14
NVIDIA
7D
-1.9%
1Y
56.2%
MU
US$971.00
Micron Technology
7D
29.3%
1Y
927.9%
LRCX
US$318.18
Lam Research
7D
4.2%
1Y
293.8%
Narrative Update • May 28

LRCX: AI Memory Spending And WFE Cyclicality Will Shape Future Returns

Lam Research's updated analyst price target edges higher to $313.69 from $309.52 as analysts factor in stronger wafer fab equipment spending expectations across NAND, DRAM and high bandwidth memory, along with modest tweaks to growth, margin and P/E assumptions. Analyst Commentary Recent research on Lam Research highlights a cluster of higher price targets and rating upgrades, largely tied to expectations for wafer fab equipment spending across NAND, DRAM and high bandwidth memory, as well as views on Lam's competitive position in these segments.
AVGO
US$446.77
Broadcom
7D
7.9%
1Y
84.6%
ARM
US$353.29
Arm Holdings
7D
15.3%
1Y
183.7%
INTC
US$114.68
Intel
7D
-4.3%
1Y
486.6%
ADI
US$413.85
Analog Devices
7D
4.2%
1Y
93.4%
AXTI
US$103.16
AXT
7D
-26.7%
1Y
6,731.8%
GFS
US$79.97
GLOBALFOUNDRIES
7D
-6.6%
1Y
123.4%
Seeking Alpha • May 26

GlobalFoundries: Government Funding Isn't The Boon Wall Street Thinks It Is

Summary GlobalFoundries surged after announcing a $375 million proposed funding agreement with the U.S. Department of Commerce for quantum manufacturing expansion. I see the stock's rally as driven by speculative hype rather than solid business fundamentals or earnings strength. GFS's latest earnings results are underwhelming and raise concerns about the company's near-term prospects. The quantum sector's current revenue potential remains limited, making the recent optimism appear premature. Read the full article on Seeking Alpha
AMAT
US$450.06
Applied Materials
7D
4.1%
1Y
187.1%
AMD
US$516.10
Advanced Micro Devices
7D
10.4%
1Y
366.1%
TSEM
US$255.23
Tower Semiconductor
7D
-9.9%
1Y
547.1%
MTSI
US$364.64
MACOM Technology Solutions Holdings
7D
-5.5%
1Y
199.8%