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U.S. Semiconductors Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies129
  • 7D0.3%
  • 3M4.8%
  • 1Y62.6%
  • YTD41.9%

The Semiconductors is pretty flat in the last 7 days, but NVIDIA has stood out, gaining 3.5%. As for the the longer term, the industry is up 63% over the past 12 months. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026US$7.5tUS$804.6bUS$287.0b53.1x26x9.3x
Wed, 15 Jul 2026US$12.4tUS$787.7bUS$292.4b63.4x42.5x15.8x
Fri, 12 Jun 2026US$12.2tUS$755.3bUS$266.0b67.8x46x16.2x
Sun, 10 May 2026US$6.9tUS$706.7bUS$220.7b59.4x31.3x9.8x
Tue, 07 Apr 2026US$8.9tUS$697.6bUS$215.5b36.3x41.2x12.7x
Thu, 05 Mar 2026US$8.9tUS$677.3bUS$201.3b42.7x44x13.1x
Sat, 31 Jan 2026US$9.5tUS$642.0bUS$176.8b41.9x53.5x14.7x
Mon, 29 Dec 2025US$9.0tUS$640.7bUS$176.4b36.5x50.8x14x
Wed, 26 Nov 2025US$8.6tUS$630.3bUS$165.7b35.6x52.2x13.7x
Fri, 24 Oct 2025US$8.5tUS$599.2bUS$137.8b37.6x61.4x14.1x
Sun, 21 Sep 2025US$8.1tUS$593.8bUS$134.6b33.6x60.4x13.7x
Tue, 19 Aug 2025US$7.9tUS$572.7bUS$118.5b28.4x66.4x13.7x
Thu, 17 Jul 2025US$7.5tUS$566.4bUS$118.3b30.8x63.7x13.3x
Sat, 14 Jun 2025US$6.5tUS$563.9bUS$116.8b26.2x55.9x11.6x
Mon, 12 May 2025US$5.4tUS$541.1bUS$109.0b22.7x49.8x10x
Wed, 09 Apr 2025US$4.5tUS$537.3bUS$108.9b20.3x41x8.3x
Fri, 07 Mar 2025US$5.3tUS$533.3bUS$104.0b29.3x51.2x10x
Sun, 02 Feb 2025US$5.8tUS$512.6bUS$95.1b30.8x61.5x11.4x
Tue, 31 Dec 2024US$6.3tUS$513.5bUS$96.7b29x65.4x12.3x
Thu, 28 Nov 2024US$6.0tUS$505.1bUS$93.4b28.9x64.2x11.9x
Sat, 26 Oct 2024US$6.2tUS$489.4bUS$101.5b28x61.1x12.7x
Mon, 23 Sep 2024US$5.6tUS$485.5bUS$99.5b26.5x56.3x11.5x
Wed, 21 Aug 2024US$6.0tUS$467.7bUS$94.9b29.4x63.3x12.8x
Fri, 19 Jul 2024US$5.9tUS$467.9bUS$96.6b28.8x61.4x12.7x
Sun, 16 Jun 2024US$6.3tUS$464.9bUS$94.3b29.4x66.8x13.6x
Tue, 14 May 2024US$4.9tUS$444.8bUS$83.3b28.8x58.6x11x
Thu, 11 Apr 2024US$4.8tUS$447.5bUS$81.6b29.6x59x10.8x
Sat, 09 Mar 2024US$4.9tUS$446.3bUS$78.2b29x62.6x11x
Mon, 05 Feb 2024US$4.1tUS$432.4bUS$71.9b29x56.5x9.4x
Wed, 03 Jan 2024US$3.5tUS$433.3bUS$69.5b26.9x50.4x8.1x
Fri, 01 Dec 2023US$3.2tUS$432.4bUS$70.6b25x45.9x7.5x
Sun, 29 Oct 2023US$2.8tUS$423.5bUS$63.5b21.9x43.6x6.5x
Tue, 26 Sep 2023US$2.9tUS$430.8bUS$68.7b24.8x42.3x6.7x
Thu, 24 Aug 2023US$3.1tUS$421.2bUS$63.1b26.5x48.6x7.3x
Price to Earnings Ratio

48.6x


Total Market Cap: US$3.1tTotal Earnings: US$63.1bTotal Revenue: US$421.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Semiconductors Industry Price to Earnings3Y Average 53.6x202420252026
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 26.0x which is lower than its 3-year average PE of 53.6x.
  • 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 Market0.63%
Tech0.50%
Semiconductors0.26%
Semiconductor Equipment1.72%
Semiconductors0.098%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 35.2x.
    • Analysts are expecting annual earnings growth of 23.1%, which is lower than the prior year's growth of 34.0% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 57.6x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 29% 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 23% 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$225.163.5%
+US$184.3b		23.7%PE34.2x
MU Micron TechnologyUS$971.6612.9%
+US$125.0b		686.5%PE21.7x
AMD Advanced Micro DevicesUS$514.399.5%
+US$73.2b		192.0%PE129.8x
INTC IntelUS$102.505.1%
+US$46.7b		333.2%PS9.4x
LRCX Lam ResearchUS$332.368.5%
+US$32.5b		236.1%PE57.2x

Latest News

NVDA
US$225.16
NVIDIA
7D
3.5%
1Y
23.7%
Seeking Alpha • 5h

Nvidia: One Number In Q2 Decides Where This Stock Goes

Summary Nvidia Corporation remains a Strong Buy as demand shifts from intentions to signed obligations, with $91B July quarter revenue and 75% gross margin guidance. Hyperscaler and sovereign AI demand drive robust, multi-year committed backlogs, reducing reliance on the top four customers and supporting revenue durability. Rubin chip shipments begin Q3 2026, pulling forward revenue and mitigating typical product transition risks due to persistent supply constraints. Margin stability is pivotal; holding mid-70s gross margins amid rising input costs and flat operating leverage underpins the near-term bull case. Read the full article on Seeking Alpha
AOSL
US$30.77
Alpha and Omega Semiconductor
7D
-11.0%
1Y
16.4%
MU
US$971.66
Micron Technology
7D
12.9%
1Y
686.5%
Seeking Alpha • Aug 16

Micron: I Think We Could Get An Upside Breakout

Summary Micron Technology is at a tactical short-term buy point, with bullish technical signals and supportive fundamentals. DRAM and NAND markets remain tight, with AI/HBM demand absorbing capacity, supporting high prices and margins for MU. I maintain a Hold rating for long-term investors, citing valuation risks if memory supply expands and margins compress. My strategy involves tight stop-losses and dynamic position sizing, balancing tactical upside with macro and sector risks. Read the full article on Seeking Alpha
AVGO
US$392.99
Broadcom
7D
-7.0%
1Y
28.5%
AMAT
US$507.18
Applied Materials
7D
-2.9%
1Y
210.1%
CBRS
US$218.98
Cerebras Systems
7D
-4.8%
1Y
n/a
INTC
US$102.50
Intel
7D
5.1%
1Y
333.2%
MCHP
US$79.17
Microchip Technology
7D
-2.7%
1Y
20.8%
LRCX
US$332.36
Lam Research
7D
8.5%
1Y
236.1%
KLAC
US$203.72
KLA
7D
5.7%
1Y
130.6%
Narrative Update • Aug 14

KLAC: AI WFE And Process Control Assumptions Will Challenge Rich Multiple

Analysts have adjusted the price target on KLA to $165, with the change framed around updated views on revenue growth, profit margins and valuation multiples, following recent research that highlights stronger wafer fab equipment expectations alongside mixed commentary on near term results and sector multiples. Analyst Commentary Recent Street research on KLA highlights a wide range of views, with some firms turning more constructive while a group of bearish analysts has trimmed price targets and flagged execution and valuation risks.
AMD
US$514.39
Advanced Micro Devices
7D
9.5%
1Y
192.0%
ARM
US$279.44
Arm Holdings
7D
4.3%
1Y
98.1%
PI
US$172.65
Impinj
7D
-2.0%
1Y
4.2%
MRVL
US$222.02
Marvell Technology
7D
6.5%
1Y
189.3%
Seeking Alpha • Aug 11

Marvell: Don't Get Shaken Out Of The Sharp Sell-Off

Summary Marvell benefits from exponential AI data center growth and leadership in 1.6T optical networking chips. Custom chip programs, including Microsoft Maia 300 and CXL memory expansion, are driving new revenue streams. Severe optical device supply tightness is supporting a 10-20% pricing hike through CY27, but the risk is that the impact on gross margins is probably priced in. Valuation multiple contraction has reduced the implied growth ask, although MRVL stock is still at a 13% to peers on 1-yr fwd PEs. Despite a sharp correction, MRVL's technical uptrend is still intact. Don't get shaken out of normal volatility in this high-beta stock. Read the full article on Seeking Alpha
FSLR
US$225.56
First Solar
7D
-5.8%
1Y
2.8%
Narrative Update • Aug 11

FSLR: Section 232 Tariffs Will Support Future Pricing Power

The analyst price target for First Solar has been revised from $330.00 to about $373.04 as analysts factor in updated assumptions on Section 232 tariff benefits, slightly higher modeled revenue growth and margins, and a higher future P/E. Analyst Commentary Recent Street research on First Solar skews constructive, with many bullish analysts pointing to policy support, pricing assumptions, and long-term demand for utility scale solar as key inputs into their valuation work.
TXN
US$279.58
Texas Instruments
7D
-0.3%
1Y
43.9%
New Narrative • Aug 09

TXN — Fair Value $285

The unglamorous silicon everything electrical depends on. TI's moat is manufacturing, not design: 300mm scale cost leadership, 100,000+ SKUs sold direct, product lifecycles measured in decades.