Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Semiconductors Industry Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies130
  • 7D-1.4%
  • 3M-4.8%
  • 1Y50.5%
  • YTD35.9%

Over the last 7 days, the Semiconductors industry has dropped 1.4%, driven by a pullback from NVIDIA of 5.2%. Meanwhile, Advanced Micro Devices actually outperformed within the industry, gaining 8.1% in the last week. This takes the industry's 12 month performance to a gain of 51%. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026US$7.0tUS$868.6bUS$330.8b47.9x21.2x8.1x
Mon, 10 Aug 2026US$7.4tUS$803.1bUS$286.9b50.9x25.9x9.3x
Wed, 08 Jul 2026US$12.5tUS$787.6bUS$292.4b61.3x42.7x15.9x
Fri, 05 Jun 2026US$8.5tUS$755.3bUS$266.0b67.9x32.1x11.3x
Sun, 03 May 2026US$11.2tUS$702.1bUS$219.3b48.2x51.1x16x
Tue, 31 Mar 2026US$8.3tUS$697.5bUS$215.5b35.8x38.6x11.9x
Thu, 26 Feb 2026US$9.5tUS$648.0bUS$180.3b44.5x52.9x14.7x
Sat, 24 Jan 2026US$9.2tUS$640.2bUS$175.9b40.8x52.4x14.4x
Mon, 22 Dec 2025US$8.6tUS$640.7bUS$176.4b36.8x48.9x13.5x
Wed, 19 Nov 2025US$8.6tUS$608.2bUS$153.1b33.6x56.2x14.1x
Fri, 17 Oct 2025US$8.5tUS$597.4bUS$137.3b35.6x62.1x14.3x
Sun, 14 Sep 2025US$8.1tUS$593.8bUS$134.6b33.1x60.4x13.7x
Tue, 12 Aug 2025US$7.9tUS$572.2bUS$118.3b29.3x66.5x13.7x
Thu, 10 Jul 2025US$7.2tUS$566.4bUS$118.3b32.1x60.8x12.7x
Sat, 07 Jun 2025US$6.4tUS$563.8bUS$116.8b26.2x54.6x11.3x
Mon, 05 May 2025US$5.3tUS$539.5bUS$109.5b20.8x48.7x9.9x
Wed, 02 Apr 2025US$5.0tUS$537.3bUS$108.9b24.6x46.2x9.4x
Fri, 28 Feb 2025US$6.0tUS$533.0bUS$103.8b30.5x58.2x11.3x
Sun, 26 Jan 2025US$6.6tUS$513.6bUS$96.5b32.4x68.1x12.8x
Tue, 24 Dec 2024US$6.1tUS$513.5bUS$96.7b29.8x63.3x11.9x
Thu, 21 Nov 2024US$6.2tUS$488.3bUS$83.4b30.3x74.6x12.7x
Sat, 19 Oct 2024US$6.2tUS$489.1bUS$101.7b29x60.8x12.6x
Mon, 16 Sep 2024US$5.6tUS$485.4bUS$99.5b26.9x56.7x11.6x
Wed, 14 Aug 2024US$5.2tUS$467.2bUS$94.7b28x55.2x11.2x
Fri, 12 Jul 2024US$6.5tUS$467.9bUS$96.6b31x67.6x14x
Sun, 09 Jun 2024US$5.8tUS$461.2bUS$95.7b29.2x60.7x12.6x
Tue, 07 May 2024US$4.9tUS$446.9bUS$84.0b27.9x58.4x11x
Thu, 04 Apr 2024US$4.9tUS$447.3bUS$81.7b29.9x60.3x11x
Sat, 02 Mar 2024US$4.6tUS$443.3bUS$81.1b29.9x57.1x10.4x
Mon, 29 Jan 2024US$4.0tUS$431.9bUS$71.4b29.5x55.4x9.2x
Wed, 27 Dec 2023US$3.6tUS$433.3bUS$69.5b27.7x51.5x8.3x
Fri, 24 Nov 2023US$3.3tUS$432.2bUS$70.6b25.4x46.4x7.6x
Sun, 22 Oct 2023US$2.8tUS$426.3bUS$65.3b23.4x43.5x6.7x
Tue, 19 Sep 2023US$3.0tUS$430.8bUS$68.7b25.3x43.7x7x
Price to Earnings Ratio

43.7x


Total Market Cap: US$3.0tTotal Earnings: US$68.7bTotal Revenue: US$430.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 53.1x202420252026
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 21.2x which is lower than its 3-year average PE of 53.1x.
  • The 3-year average PS ratio of 11.6x is higher than the industry's current PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 69% per year over the last three years.
  • Revenues for these companies have grown 26% 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-0.97%
Tech-0.41%
Semiconductors-1.37%
Semiconductor Equipment-0.67%
Semiconductors-1.45%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 35.8x.
    • Analysts are expecting annual earnings growth of 24.0%, which is lower than the prior year's growth of 35.7% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 56.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 24% 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$516.138.1%
+US$62.9b		225.5%PE130.2x
INTC IntelUS$102.947.5%
+US$37.5b		327.5%PS9.5x
AVGO BroadcomUS$361.991.1%
+US$25.3b		0.6%PE45.2x
QCOM QUALCOMMUS$181.977.8%
+US$14.1b		12.4%PE21x
ARM Arm HoldingsUS$264.795.0%
+US$13.6b		75.8%PE270.9x

Latest News

AMD
US$516.13
Advanced Micro Devices
7D
8.1%
1Y
225.5%
CBRS
US$191.93
Cerebras Systems
7D
-8.6%
1Y
n/a
NVDA
US$218.29
NVIDIA
7D
-5.2%
1Y
22.8%
Seeking Alpha • 18h

Nvidia On The Offensive

Summary Nvidia Corporation stands out as the premier AI beneficiary, uniquely positioned to receive capex flows from the rest of the Magnificent 7. NVDA's financials are exceptional: sales grew 126%, 114%, and 65% over the last three fiscal years; EPS surged 288%, 131%, and 60%. My five-year target price for NVDA stock is $444.71, implying 75-80%+ upside from the recent close of $218.36. The $12.9B Hugging Face acquisition secures NVDA's influence in the open-source AI ecosystem as rivals seek chip independence. Read the full article on Seeking Alpha
INTC
US$102.94
Intel
7D
7.5%
1Y
327.5%
ALAB
US$291.22
Astera Labs
7D
-6.2%
1Y
26.9%
New Narrative • Sep 11

Astera Labs Owns The Bottleneck That Isn't Physical — And That Cuts Both Ways

The story behind this stock Astera Labs is the position that breaks my own rule, and I want to start there rather than defend it later. Every other holding I own is built on physical scarcity.
LRCX
US$298.22
Lam Research
7D
-3.1%
1Y
155.0%
New Narrative • Sep 10

The Memory Shortage Is Lam's Order Book — Whether It Persists Or Resolves

The story behind this stock Lam Research is the position I hold to be right about the AI memory bottleneck without having to be right about how long it lasts. That sentence is the entire thesis, so it's worth unpacking.
MU
US$975.26
Micron Technology
7D
-4.1%
1Y
520.3%
New Narrative • Sep 10

Sold-Out HBM And Multi-Year Contracts Turn Micron From A Cycle Into A Contract

The story behind this stock I own Micron because of one idea that runs through my whole portfolio: in the AI data center buildout, economic rent accrues to whoever owns something that is physically scarce and cannot be replaced within 18 to 36 months. Almost everything in the AI trade is a scale beneficiary.
ADI
US$378.78
Analog Devices
7D
4.6%
1Y
54.5%
AVGO
US$361.99
Broadcom
7D
1.1%
1Y
0.6%
MRVL
US$236.10
Marvell Technology
7D
5.6%
1Y
250.6%
Seeking Alpha • Sep 09

Marvell: Strong Fundamentals, But Customer Concentration Keeps Me Cautious

Summary Marvell (MRVL) is a leader in AI infrastructure, excelling at custom silicon and connectivity for hyperscalers. MRVL's revenue, EPS, and free cash flow are growing, but gross margins lag elite peers due to customer concentration and pricing power. Customer concentration risk is significant, with top 10 customers accounting for 82% of revenue and a notable Google arrangement increasing dependence. I rate MRVL a Hold given its premium valuation (53x forward earnings), margin pressure, and elevated customer concentration risk. Read the full article on Seeking Alpha
ARM
US$264.79
Arm Holdings
7D
5.0%
1Y
75.8%
Seeking Alpha • Sep 09

Arm Refreshes For Agentic AI

Summary Arm Holdings has announced a series of agentic AI-focused enhancements to its range of IP offerings at its Arm Everywhere event in China. These newest changes build on the company’s efforts to design not just individual chip architecture advancements, but system-wide capabilities as well. Unlike many others, Arm’s technology is a critical enabler for many other companies’ efforts as well. As a result, the impact of the changes that Arm announced has a significantly larger effect than those of other individual companies. Read the full article on Seeking Alpha
KLAC
US$180.64
KLA
7D
-2.7%
1Y
87.4%
Seeking Alpha • Sep 09

KLA Corporation Is A Buy The Dip Opportunity (Technical Analysis)

Summary KLA Corporation exhibits a bullish trend, with price action showing higher highs and recapturing its 30-week EMA. KLAC's fundamentals are robust, with FY 2027 and FY 2028 revenue and EPS estimates projecting 33%-57% and 44%-77% growth, respectively. Management targets doubling revenues and a 123% EPS increase by FY 2030, supported by strong cash flow, buybacks, and consistent dividend hikes. Despite recent volume weakness and short-term underperformance versus the S&P 500, the current pullback is viewed as a buy-the-dip opportunity. Read the full article on Seeking Alpha
CRDO
US$162.95
Credo Technology Group Holding
7D
-4.5%
1Y
0.6%
Narrative Update • Sep 08

CRDO: AI Connectivity Ramp Will Test Confidence In Optical Revenue Roadmap

For Credo Technology Group Holding, the analyst price target framework now points to a higher fair value near $213, up from about $191, as analysts balance slightly softer revenue growth and profit margin assumptions with a higher future P/E and supportive views on the company’s copper and optical connectivity roadmap. Analyst Commentary Recent Street research on Credo Technology Group Holding shows a mix of optimism about the long term connectivity roadmap and more cautious views on how much of that potential is already reflected in the valuation.
QCOM
US$181.97
QUALCOMM
7D
7.8%
1Y
12.4%
TSEM
US$211.52
Tower Semiconductor
7D
-4.9%
1Y
220.3%
Narrative Update • Sep 03

TSEM: SiPho AI Data Center Exposure Will Drive Japan Expansion Upside

Analysts have adjusted their fair value estimate for Tower Semiconductor to $270 from $277. This reflects a refined view on discount rate, expected revenue growth, profit margins, and future P/E, as recent research highlights the company as a high value analog foundry with exposure to AI related silicon demand and SiPho photonic integrated circuits.
TXN
US$268.70
Texas Instruments
7D
4.0%
1Y
47.2%