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U.S. Semiconductors Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies129
  • 7D15.3%
  • 3M5.8%
  • 1Y63.1%
  • YTD39.4%

The Semiconductors industry is up 15% in the last week, with NVIDIA up 12%. In the last 12 months, the industry was up 63%. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026US$7.4tUS$801.3bUS$288.1b52.9x25.7x9.3x
Sun, 05 Jul 2026US$12.3tUS$787.6bUS$292.4b65.7x42.1x15.6x
Tue, 02 Jun 2026US$7.9tUS$747.9bUS$261.7b66.9x30.3x10.6x
Thu, 30 Apr 2026US$6.0tUS$701.5bUS$214.3b48.8x28.1x8.6x
Sat, 28 Mar 2026US$8.5tUS$697.5bUS$215.5b38.2x39.5x12.2x
Mon, 23 Feb 2026US$9.4tUS$647.8bUS$180.1b43x52.1x14.5x
Wed, 21 Jan 2026US$8.9tUS$640.8bUS$176.4b42.2x50.7x14x
Fri, 19 Dec 2025US$8.2tUS$640.7bUS$176.4b36.1x46.3x12.8x
Sun, 16 Nov 2025US$8.8tUS$610.3bUS$153.3b34.7x57.2x14.4x
Tue, 14 Oct 2025US$8.3tUS$597.4bUS$137.3b35.5x60.6x13.9x
Thu, 11 Sep 2025US$7.9tUS$593.8bUS$134.6b33.4x58.9x13.3x
Sat, 09 Aug 2025US$7.9tUS$572.2bUS$118.3b29.1x66.4x13.7x
Mon, 07 Jul 2025US$7.2tUS$566.4bUS$118.3b29.8x60.9x12.7x
Wed, 04 Jun 2025US$6.3tUS$561.3bUS$113.9b25.7x55.4x11.2x
Fri, 02 May 2025US$5.1tUS$539.3bUS$109.4b20.6x46.5x9.4x
Sun, 30 Mar 2025US$5.1tUS$537.3bUS$108.9b24.8x46.6x9.4x
Tue, 25 Feb 2025US$6.2tUS$515.3bUS$93.8b32.2x66.1x12x
Thu, 23 Jan 2025US$6.5tUS$513.6bUS$96.7b33.2x67.6x12.7x
Sat, 21 Dec 2024US$6.0tUS$513.5bUS$96.7b29.1x61.9x11.7x
Mon, 18 Nov 2024US$6.1tUS$488.4bUS$83.4b30.5x72.8x12.4x
Wed, 16 Oct 2024US$6.0tUS$489.1bUS$101.8b28.5x59.3x12.3x
Fri, 13 Sep 2024US$5.5tUS$485.4bUS$99.5b27x55.6x11.4x
Sun, 11 Aug 2024US$5.1tUS$467.2bUS$94.7b26.6x54x10.9x
Tue, 09 Jul 2024US$6.2tUS$467.9bUS$96.6b31.2x64.7x13.4x
Thu, 06 Jun 2024US$5.6tUS$461.2bUS$95.7b30x58.5x12.1x
Sat, 04 May 2024US$4.7tUS$446.9bUS$84.0b27.4x56.2x10.6x
Mon, 01 Apr 2024US$5.0tUS$447.4bUS$81.7b29.2x60.6x11.1x
Wed, 28 Feb 2024US$4.6tUS$443.5bUS$81.1b31.1x56.4x10.3x
Fri, 26 Jan 2024US$4.1tUS$431.1bUS$68.4b28.2x59.4x9.4x
Sun, 24 Dec 2023US$3.6tUS$433.3bUS$69.5b27.4x51.5x8.3x
Tue, 21 Nov 2023US$3.3tUS$420.6bUS$62.5b24.5x52.3x7.8x
Thu, 19 Oct 2023US$2.9tUS$427.9bUS$65.8b24.8x44.5x6.8x
Sat, 16 Sep 2023US$3.1tUS$430.8bUS$68.7b25.9x44.8x7.1x
Mon, 14 Aug 2023US$2.9tUS$419.7bUS$62.9b25.1x45.9x6.9x
Price to Earnings Ratio

45.9x


Total Market Cap: US$2.9tTotal Earnings: US$62.9bTotal Revenue: US$419.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 53.8x202420252026
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 25.7x which is lower than its 3-year average PE of 53.9x.
  • The 3-year average PS ratio of 11.5x is higher than the industry's current PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 66% per year over the last three years.
  • Revenues for these companies have grown 24% 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 Market5.51%
Tech11.22%
Semiconductors15.27%
Semiconductor Equipment18.65%
Semiconductors14.88%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 34.9x.
    • Analysts are expecting annual earnings growth of 21.8%, which is lower than the prior year's growth of 26.0% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 57.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% 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
NVDA NVIDIAUS$218.7812.2%
+US$575.0b		21.0%PE33.2x
AVGO BroadcomUS$420.578.4%
+US$155.7b		38.5%PE68.2x
ARM Arm HoldingsUS$286.6818.7%
+US$48.2b		111.5%PE293.3x
INTC IntelUS$99.819.5%
+US$43.8b		404.9%PS8.8x
MRVL Marvell TechnologyUS$210.5414.9%
+US$23.9b		177.6%PE73x

Latest News

NVMI
US$381.32
Nova
7D
-3.2%
1Y
45.2%
AVGO
US$420.57
Broadcom
7D
8.4%
1Y
38.5%
CRUS
US$123.51
Cirrus Logic
7D
-6.3%
1Y
22.7%
ARM
US$286.68
Arm Holdings
7D
18.7%
1Y
111.5%
Seeking Alpha • 9h

Arm Holdings: The Stock Crashed, But This Is Why Caution Is Still Warranted

Summary Arm Holdings is initiated at "Hold" due to intense earnings growth but stretched valuation and heightened volatility. Recent quarterly results beat expectations, with robust royalty and licensing revenue growth, and guidance remains strong, especially in AI and data centers. Valuation concerns persist: ARM trades at a high PEG and P/S ratio, with intrinsic value estimated at $240, suggesting modest overvaluation. Technically, ARM is rangebound with $180s as key support and $300 as resistance; standing aside is prudent given volatility and cyclical risks. Read the full article on Seeking Alpha
NVDA
US$218.78
NVIDIA
7D
12.2%
1Y
21.0%
SEDG
US$32.67
SolarEdge Technologies
7D
-21.8%
1Y
33.8%
ON
US$76.91
ON Semiconductor
7D
-8.2%
1Y
61.6%
MRVL
US$210.54
Marvell Technology
7D
14.9%
1Y
177.6%
TXN
US$277.72
Texas Instruments
7D
-0.4%
1Y
49.4%
LRCX
US$305.77
Lam Research
7D
2.7%
1Y
208.4%
INTC
US$99.81
Intel
7D
9.5%
1Y
404.9%
NXPI
US$231.15
NXP Semiconductors
7D
-4.1%
1Y
12.3%
AMAT
US$534.24
Applied Materials
7D
22.4%
1Y
199.9%
Seeking Alpha • Jul 31

Applied Materials: Why I'm Maintaining A 'Strong Buy' After A 45% Run

Summary Applied Materials remains a "Strong Buy" after a 45% rally, driven by robust Q2 results and sector momentum. Q2 revenue reaccelerated to $7.91 billion (+11% YoY), with a record 31.9% operating margin, and raised the 2026 semiconductor equipment growth outlook to 30%+. Management's improved revenue visibility, strategic NEXX acquisition, and deepening EPIC Center partnerships strengthen AMAT’s competitive moat and growth prospects. I raise my fair GAAP PE multiple to 45x–55x, with AMAT trading at the lower end (47x), supporting further upside despite geopolitical risks. Read the full article on Seeking Alpha
KLAC
US$193.22
KLA
7D
7.1%
1Y
111.9%
Narrative Update • Jul 30

KLAC: AI Infrastructure Spending And Process Control Demand Will Support Re Rating

Analysts have adjusted the KLA price target to $303.48. This reflects a blend of higher assumed long term profit margins, a slightly higher discount rate, and a richer future P/E multiple supported by research commentary that highlights stronger process control demand, ongoing WFE and AI infrastructure spending, and mixed but generally constructive earnings revisions across the Street.
MCHP
US$74.36
Microchip Technology
7D
-0.9%
1Y
12.3%
SYNA
US$102.10
Synaptics
7D
-6.2%
1Y
71.0%