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U.S. Semiconductors Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies130
  • 7D7.9%
  • 3M2.5%
  • 1Y62.2%
  • YTD41.4%

In the last week, the Semiconductors industry is up 7.9%, with NVIDIA up 8.4%. This takes the industry's 12 month performance to a gain of 62%. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 17 Aug 2023US$2.9tUS$421.2bUS$63.0b24.8x46.4x6.9x
Price to Earnings Ratio

46.4x


Total Market Cap: US$2.9tTotal Earnings: US$63.0bTotal Revenue: US$421.2bTotal 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 25.9x which is lower than its 3-year average PE of 53.8x.
  • 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 Market2.74%
Tech6.05%
Semiconductors7.85%
Semiconductors8.08%
Semiconductor Equipment5.89%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 35.0x.
    • Analysts are expecting annual earnings growth of 22.0%, which is lower than the prior year's growth of 32.3% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 57.8x.
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 37% 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$217.545.3%
+US$264.0b		19.5%PE33x
AVGO BroadcomUS$422.407.7%
+US$143.5b		39.0%PE68.5x
ARM Arm HoldingsUS$282.5718.2%
+US$46.5b		100.3%PE289.1x
MU Micron TechnologyUS$861.003.8%
+US$35.6b		595.9%PE19.3x
INTC IntelUS$97.527.2%
+US$32.9b		372.3%PS8.6x

Latest News

MU
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Micron Technology
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1Y
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Micron Could Reclaim Its Previous Highs

Summary I believe Micron Technology, Inc. remains a Buy with ~47% 12-month upside, driven by robust demand and favorable multi-year customer agreements. MU's Q3 2026 saw $41.46B revenue (+74% YoY), 84.9% gross margin, and $25.11 EPS (+13x YoY), significantly beating consensus. Strategic Customer Agreements secure ~20% of 2030 DRAM and 1/3 of NAND volumes at solid margins, flattening cyclicality risk. Key MU stock catalysts include rapid HBM4 ramp, agentic AI adoption, and potential for upward EPS revisions; valuation remains attractive at 5.66x FY2027 earnings. Read the full article on Seeking Alpha
INTC
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Intel
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KLAC
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KLA
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NVDA
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NVIDIA
7D
8.4%
1Y
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Summary Nvidia Corporation's stock is up roughly 20% over the last 12 months, while revenue grew 85% and non-GAAP EPS grew 140%, a disconnect that leaves the shares mispriced. Q1 FY27 delivered $81.6B in revenue, up 85%, with a record $48.6B in free cash flow and gross margin holding at 75%. The new reporting split shows $37B coming from AI clouds, industrial and enterprise customers, proving Nvidia no longer depends solely on Big Tech budgets. Big Tech CapEx is guided to $725B in 2026, up 77% year over year, and Nvidia should capture 35% to 40% of that spending. At 31.6x blended P/E and 22x forward earnings against 88% expected FY27 EPS growth, I remain bullish, though circular financing deals are a risk worth watching. Read the full article on Seeking Alpha
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MKS
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AMD
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Advanced Micro Devices
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AVGO
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Broadcom
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LRCX
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Lam Research
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1Y
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The Lam Research fair value estimate has moved from $222.79 to $290.00 as analysts weigh slightly higher discount assumptions against stronger profit margin expectations and higher long term P/E multiples, supported by upbeat wafer fab equipment demand commentary and long range earnings targets across recent research updates. Analyst Commentary Recent research on Lam Research reflects a mix of optimism on long term wafer fab equipment demand and more cautious adjustments tied to valuation and execution risk.
NVMI
US$393.02
Nova
7D
-0.2%
1Y
44.3%
Narrative Update • Aug 07

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CRUS
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Cirrus Logic
7D
-1.9%
1Y
19.5%
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Datavault AI
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MRVL
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Marvell Technology
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12.9%
1Y
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ARM
US$282.57
Arm Holdings
7D
18.2%
1Y
100.3%
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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
SEDG
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SolarEdge Technologies
7D
-29.6%
1Y
27.6%
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UCTT
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Ultra Clean Holdings
7D
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1Y
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ICHR
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Ichor Holdings
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1Y
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