Semis valuation compare
Query: US semiconductor stocks with market cap above 10 billion dollars compared by P/E, revenue growth and 1-year return · data as of 2026-10-08
Built a single-panel comparison table of 31 US-listed semiconductor stocks with market cap above $10B, ranked largest to smallest. Columns cover symbol, company, theme, market cap, trailing P/E, forward P/E, revenue growth YoY, 1Y/6M/1M returns and % from the 150-day SMA, with qualitative comments on the notable names. Data as of October 8, 2026.
31 US-listed semiconductor stocks with market capitalizations above $10B, ranked largest to smallest. The group spans AI/data-center compute leaders, foundries, memory makers and analog/auto suppliers, and the table lines up trailing and forward valuation against revenue growth and 1Y/6M/1M price performance for a side-by-side read on how much growth is already priced in. Data as of October 8, 2026.
US Semiconductors — Market Cap > $10B (as of October 8, 2026)
| Symbol | Company | Theme | Market Cap | P/E (TTM) | Forward P/E | Revenue Growth YoY | 1Y Return | 6M Return | 1M Return | % from 150D SMA | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | Enterprise AI & Automation | 5.565e+12 | 35.3 | 17.95 | 65.47% | 24.86% | 25.61% | 3.16% | 11.40% | Still the reference asset for AI compute — its forward multiple is the cheapest of any mega-cap growth franchise because consensus keeps marking up earnings faster than the stock. The setup is now a share-of-wallet question: custom ASICs and in-house accelerators from its largest customers are the main structural risk, and the de-rating on AI-capex doubt days hits NVDA first. |
| TSM | Taiwan Semiconductor Manufactur | Semiconductor Capital Equipment | 2.375e+12 | 34.31 | 21.03 | 25.03% | 57.41% | 25.94% | 5.48% | 12.64% | The purest toll-booth on advanced-node demand: nearly every leading-edge AI accelerator program ultimately routes through its fabs, which makes its capex and CoWoS/advanced-packaging capacity the real earnings lever. Geopolitical concentration remains the persistent discount versus US peers. |
| AVGO | Broadcom Inc. | Enterprise AI & Automation, Data Center & Enterprise Networking | 1.719e+12 | 60.02 | 18.44 | 23.87% | 7.85% | 1.82% | -0.98% | -4.83% | Diversified between custom AI accelerators and infrastructure software, which smooths the cyclicality of a pure chip company. The trailing multiple runs hot on amortization and one-off items, so forward earnings — where custom-silicon backlog conversion is the swing factor — is the more meaningful lens. |
| MU | Micron Technology, Inc. | Semiconductor Capital Equipment | 1.17e+12 | 23.42 | 6.69 | 48.85% | 458.38% | 145.78% | 0.79% | 28.54% | The single most extreme valuation dislocation on this list: a memory cyclical printing trough-like forward multiples while HBM demand pulls pricing higher. The trade is whether the upcycle is mid-stage or late — memory names re-rate hard in both directions, so position sizing matters more than the entry multiple. |
| SKHY | SK hynix Inc. - American Depositary Shares | Semiconductor Capital Equipment | 1.16e+12 | — | — | — | — | — | -14.16% | — | The other half of the HBM duopoly and the primary supplier into the highest-end AI memory stacks. Reported only as an ADR with no local fundamentals coverage here, so treat valuation as a memory-cycle call first and a company call second. |
| AMD | Advanced Micro Devices, Inc. | Enterprise AI & Automation | 1.013e+12 | 158.34 | 40.13 | 34.34% | 193.45% | 162.29% | 19.11% | 41.56% | The highest-beta way to own the AI accelerator theme: it has out-compounded NVDA on price this year while carrying a much richer trailing multiple on a smaller earnings base. The risk is that margin expansion is the whole story — any wobble in accelerator ramp timing compresses both the multiple and estimates. |
| INTC | Intel Corporation | Semiconductor Capital Equipment | 5.66e+11 | — | 52.49 | -0.47% | 188.08% | 73.49% | 0.79% | 12.37% | A turnaround, not a compounder — the market is paying a premium forward multiple for a restored earnings base rather than current profitability, with foundry economics and government/strategic backing as the swing factors. It is the most policy-sensitive large-cap semi. |
| ARM | Arm Holdings plc | Enterprise AI & Automation | 2.94e+11 | 278.07 | 90.02 | 22.79% | 72.76% | 83.78% | 4.19% | 8.53% | Extreme multiple on trailing earnings reflects heaviest R&D reinvestment rather than weakness; licensing plus royalty economics give it unusually high incremental margins once datacenter and smartphone royalty mixes shift. The valuation leaves essentially no room for a licensing miss. |
| TXN | Texas Instruments Incorporated | Semiconductor Capital Equipment | 2.632e+11 | 43.73 | 27.7 | 13.05% | 66.99% | 35.43% | 10.17% | 8.28% | The classic analog/auto compounder — a name where the market pays for durable cash returns and capital-return policy rather than growth. The risk is the long inventory digestion in industrial and automotive end markets, which keeps utilization and pricing subdued even as the dividend keeps growing. |
| MRVL | Marvell Technology, Inc. | Data Center & Enterprise Networking | 2.468e+11 | 94.06 | 43.95 | 42.09% | 216.48% | 129.19% | 16.87% | 36.95% | Custom silicon and optical interconnect supplier where datacenter has become the dominant mix shift. Elevated trailing multiple reflects depressed prior-year earnings, so the debate is really about how durable custom-ASIC design wins are once the lead customer's generation turns over. |
| ADI | Analog Devices, Inc. | Semiconductor Capital Equipment | 1.967e+11 | 60.59 | 25.87 | 16.89% | 75.83% | 16.20% | 11.19% | 7.65% | Best-in-class analog franchise with strongest operating margins in the group, trading at a premium that reflects high-quality, sticky industrial/auto design wins. Leverage from prior acquisitions makes it rate-sensitive, and end-market restocking is the key catalyst. |
| QCOM | QUALCOMM Incorporated | Telecommunications Carriers | 1.88e+11 | 20.12 | 17.25 | 13.66% | 8.59% | 39.04% | -0.22% | 1.73% | The value name in the group: licensing-heavy model, enormous buyback and dividend capacity, and a forward multiple near the market's. The overhang is customer concentration in smartphones and the ongoing handset-vs-diversification transition. |
| ASX | ASE Technology Holding Co., Ltd | Semiconductor Capital Equipment | 9.952e+10 | 55.2 | 24.59 | 13.30% | 301.72% | 86.52% | 9.85% | 29.82% | Outsourced assembly and test is a leveraged play on advanced-node volumes without the fab capex burden. It participates in the AI packaging demand cycle but with meaningful exposure to the broader handset/PC cycle and to Taiwan concentration risk. |
| STM | STMicroelectronics N.V. | Semiconductor Capital Equipment | 6.967e+10 | 103.35 | 20.67 | -11.07% | 88.90% | 35.06% | 2.43% | -3.38% | Deep cyclical trough: revenues are declining and margins have compressed to near breakeven, leaving a distorted trailing multiple. The recovery case rests on industrial and auto inventory normalization plus internal efficiency programs — high operating leverage works both ways. |
| MPWR | Monolithic Power Systems, Inc. | Semiconductor Capital Equipment | 6.732e+10 | 83.52 | 39.37 | 26.43% | 45.85% | 2.98% | 13.96% | 0.63% | Premium power-management franchise with exposure to AI datacenter power delivery, but it has been the notable laggard, sitting in a downward channel while its peers trend higher. That divergence makes it a potential catch-up candidate if power-delivery design wins convert. |
| ALAB | Astera Labs, Inc. | Data Center & Enterprise Networking | 6.021e+10 | 170.96 | 54.28 | 115.13% | 63.63% | 168.08% | 15.48% | 25.81% | High-growth connectivity pure-play with the fastest top-line expansion on the list, tied directly to AI rack scaling and PCIe/CXL connectivity. Valuation assumes flawless execution and the stock is highly volatile around customer-concentration news. |
| NXPI | NXP Semiconductors N.V. | Semiconductor Capital Equipment | 5.827e+10 | 45.94 | 12.77 | -2.74% | 7.09% | 13.24% | 3.94% | -7.34% | The cheapest forward multiple among the large analog/auto names, reflecting a weak automotive demand environment and inventory destocking. A classic deep-value cyclical — the multiple only looks cheap if end markets inflect. |
| UMC | United Microelectronics Corpora | Semiconductor Capital Equipment | 5.723e+10 | 22.16 | 25.99 | -2.52% | 218.54% | 143.67% | 0.57% | 26.02% | Mature-node foundry leveraged to broader chip demand and China localization, not to leading-edge AI. Cheap on trailing earnings but with limited pricing power and persistent margin pressure from aggressive mainland competition. |
| MCHP | Microchip Technology Incorporat | Semiconductor Capital Equipment | 4.101e+10 | 111.06 | 16.52 | 7.08% | 19.30% | 7.21% | 3.44% | -6.11% | Post-downcycle recovery name: earnings are suppressed, so the trailing multiple is meaningless while the forward number is genuinely modest. Turnaround hinges on microcontroller inventory clearing and a return of design-win momentum. |
| CBRS | Cerebras Systems Inc. | Enterprise AI & Automation | 3.989e+10 | — | 129.46 | — | — | — | -14.41% | — | Recent AI-compute IPO with no meaningful trailing earnings — valuation is entirely a forward, option-like bet on wafer-scale architecture winning share. This is the highest-risk, highest-variance name in the group. |
| CRDO | Credo Technology Group Holding | Data Center & Enterprise Networking | 3.982e+10 | 84.41 | 23.23 | 205.68% | 54.42% | 96.29% | 26.17% | 8.74% | Explosive growth in active electrical cables and connectivity for AI clusters, with margins expanding alongside revenue. The risk is that a large share of demand traces to a handful of hyperscalers, making the growth rate lumpy. |
| TSEM | Tower Semiconductor Ltd. | Semiconductor Capital Equipment | 3.412e+10 | 90.77 | 35.16 | 9.05% | 217.36% | 12.23% | 5.62% | 2.45% | Specialty analog foundry with a differentiated analog/radio-frequency niche and an expanding silicon-photonics angle. The premium multiple prices in successful capacity expansion; execution has historically been uneven. |
| ON | ON Semiconductor Corporation | Semiconductor Capital Equipment | 3.092e+10 | 51.9 | 17.54 | -15.35% | 64.85% | 15.94% | 11.88% | -8.85% | Power and automotive semis in a clear down-cycle — revenue shrinking and margins near trough, so the trailing multiple overstates the earnings power of the franchise. Leverage to EV and industrial demand makes it a cyclical recovery bet. |
| GFS | GlobalFoundries Inc. | Semiconductor Capital Equipment | 2.751e+10 | 38.56 | 18.79 | 0.61% | 41.95% | 1.76% | 7.69% | -15.14% | Foundry with a differentiated specialty-node and silicon photonics/automotive positioning plus US fabrication capacity. Extremely cheap on forward earnings relative to peers, but with very high measured volatility and muted momentum. |
| MTSI | MACOM Technology Solutions Hold | Semiconductor Capital Equipment, Satellite & Space-Based Services | 2.461e+10 | 102.94 | 37.99 | 32.58% | 151.79% | 30.08% | 12.61% | 8.68% | High-performance analog and RF supplier with fast-growing datacenter and defense/space exposure, one of the few names bridging semis and the satellite theme. Rich multiple demands sustained defense and telecom infrastructure spending. |
| SITM | SiTime Corporation | Semiconductor Capital Equipment | 1.932e+10 | — | 43.22 | 61.16% | 115.00% | 77.24% | 9.36% | 10.49% | Precision timing pure-play with strong top-line growth from datacenter synchronization; currently investing heavily, so operating profitability is still thin. Small-cap-like volatility in a $19B wrapper. |
| SWKS | Skyworks Solutions, Inc. | Semiconductor Capital Equipment | 1.899e+10 | 41.84 | 16.24 | -2.18% | 8.13% | 47.93% | 5.50% | 19.13% | Value-tilted RF name with significant cash generation and dividends; revenue is flat-to-slightly-declining as smartphone content shifts. The thesis is capital return and consolidation optionality rather than growth. |
| LSCC | Lattice Semiconductor Corporati | Semiconductor Capital Equipment | 1.775e+10 | — | 38.95 | 2.72% | 73.78% | 17.58% | 8.25% | 2.10% | Low-power FPGA franchise with high gross margins but earnings currently depressed by inventory and end-market softness. Recovery in edge/datacenter power-sensitive designs is the catalyst. |
| SMTC | Semtech Corporation | Data Center & Enterprise Networking | 1.75e+10 | — | 47.77 | 15.47% | 164.41% | 111.47% | 14.37% | 42.37% | Best momentum profile in the group, driven by demand for high-speed connectivity in AI systems and copper/optical interfaces — one of the strongest small-mid-cap AI-levered names in semis. Valuation and beta reflect that. |
| RMBS | Rambus, Inc. | Semiconductor Capital Equipment | 1.176e+10 | 49.76 | 29.34 | 27.13% | 12.01% | 2.74% | 23.75% | -1.63% | IP and memory-interface licensing play with the highest gross margins on the list; earnings are lumpy as royalty ramps track memory cycles and new interface standards. The pullback here looks like cyclical profit-taking inside a still-elevated one-year trend. |
| QRVO | Qorvo, Inc. | Semiconductor Capital Equipment | 1.007e+10 | 26.49 | 14.34 | -1.09% | 24.72% | 43.74% | 13.74% | 22.41% | Cheapest forward multiple in the entire screen, reflecting a mature RF handset business with limited growth and heavy customer concentration. It is a cash-return and consolidation story, not a growth one. |
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