Semiconductor Equipment & Materials: ASML Holding N.V. owns the largest revenue base; Teradyne, Inc. has the fastest current growth.
The industry itself · before any single company
How has Semiconductor Equipment & Materials moved against S&P 500?
The line below covers 5.2 years. Over the most recent two of them this industry is 137% ahead of S&P 500. Earnings across its companies fell 11% on average over the last four reported quarters.
FADING · −13 in 4w~Price up, without the fundamentals confirming8 of 27 companies ahead of S&P 500 by 5% or more over three months
Semiconductor Equipment & Materials, equal-weighted, based at 200S&P 500, same base, same starttrailing 12-month earnings per share risingfalling
Strength anatomyNarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together8 of 27 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +9 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large4/6−2
Mid2/9−5
Small2/12−6
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 27 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Semiconductor Equipment & Materials outperforming S&P 500?
Semiconductor Equipment & Materials has outperformed S&P 500 by 126.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 16.3%. 19 of 28 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Ichor Holdings, Ltd. is the strongest against the sector itself at +36.1%.
-16.3%Sector vs S&P 500 · 13 weeks
+126.8%Sector vs S&P 500 · 52 weeks
19/28Stocks leading S&P 500
8/28Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Semiconductor Equipment & Materials has outperformed S&P 500 by 126.8% over 52 weeks and 16.3% over 13 weeks. 19 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 28 beat the sector itself. ASML Holding N.V. leads with revenue of $35,328 million, based on 24 of 29 comparable companies through Jun 2026.
Is the Semiconductor Equipment & Materials sector outperforming S&P 500?
Semiconductor Equipment & Materials has outperformed S&P 500 by 126.8% over 52 weeks and 16.3% over 13 weeks. 19 of 28 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 28 beat the sector itself.
Which Semiconductor Equipment & Materials company is largest by revenue?
ASML Holding N.V. leads with revenue of $35,328 million, based on 24 of 29 comparable companies through Jun 2026.
Which Semiconductor Equipment & Materials company is growing fastest?
Teradyne, Inc. has the fastest current revenue growth at 30.3%, across 23 of 29 comparable companies.
Which Semiconductor Equipment & Materials company has the strongest 4-Factor Sector Score?
Teradyne, Inc. ranks first at 74.6/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Semiconductor Equipment & Materials company reports the most CAPEX?
Applied Materials, Inc. reports the largest latest CAPEX at $635 million, with 28 of 29 companies comparable.
Which Semiconductor Equipment & Materials company has the least gross debt?
Daqo New Energy Corp. has the lowest comparable gross debt at $0 million. Applied Materials, Inc. has the highest at $6,455 million.
Which Semiconductor Equipment & Materials company has the lowest comparable PEG?
Photronics, Inc. has the lowest comparable Guarded PEG at 0.43, among 15 of 29 companies that pass the metric’s comparability rules.
How much history does this Semiconductor Equipment & Materials comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
29
complete canonical membership
Combined market value
$1.8T
ASML Holding N.V.
Revenue growing
15/23
positive TTM year-on-year growth
Beating S&P 500
19/28
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Teradyne, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Photronics, Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
ACM Research, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -26.4% and the one-year return is 110.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21.8/35Growth & earnings
Revenue — · PAT — · OPM change 79084.1 pp
39% evidence
8.9/25Capital efficiency
ROCE -19.5% · debt/equity 0.02×
68% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
5.6/20Relative strength
RS sector -20.9% · RS bench -4.2% · 1Y 3.6%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
ASML Holding N.V. has the highest Revenue among the 29 Semiconductor Equipment & Materials companies compared here, at $35,328 million. Applied Materials, Inc. is next at $29,024 million. Teradyne, Inc. has the highest Revenue growth at 30.3%, so level and change sit with different companies. 24 of 29 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: ASML Holding N.V. is the scale leader at $35,328 million, 21.7% ahead of Applied Materials, Inc.. Teradyne, Inc.'s growth is 30.3% from a $3,786 million base, with 17 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderASML Holding N.V. · $35,328 million
Gap21.7% versus #2 · Applied Materials, Inc.
Persistence8/8 recent comparable periods
Coverage24/29 companies · 504 observations
Investor read: ASML Holding N.V. is the scale benchmark; Teradyne, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: ASML Holding N.V.'s growth falls below Teradyne, Inc.'s for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1ASML Holding N.V. ASML$35.3B
2Applied Materials, Inc. AMAT$29.0B
3Lam Research Corporation LRCX$21.7B
4KLA Corporation KLAC$13.1B
5Amkor Technology, Inc. AMKR$7.1B
Revenue growthfastest growers
1Teradyne, Inc. TER30%
2Ambarella, Inc. AMBA28%
3Lam Research Corporation LRCX27%
4Cohu, Inc. COHU23%
5Nova Ltd. NVMI21%
Revenue · company comparison
24/29 level · 23/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
KLA Corporation has the highest OPM among the 29 Semiconductor Equipment & Materials companies compared here, at 41.2%. ASML Holding N.V. is next at 37.1%. Atomera Incorporated has the highest Margin change at +79084.1 percentage points, so level and change sit with different companies. 27 of 29 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: KLA Corporation leads opm at 41.2%; Atomera Incorporated leads margin change at +79084.1 percentage points.
LeaderKLA Corporation · 41.2%
Gap11.1% versus #2 · ASML Holding N.V.
Persistence7/8 recent comparable periods
Coverage27/29 companies · 492 observations
Investor read: KLA Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1KLA Corporation KLAC41%
2ASML Holding N.V. ASML37%
3Teradyne, Inc. TER37%
4Lam Research Corporation LRCX35%
5Applied Materials, Inc. AMAT32%
Margin changefastest expanders
1Atomera Incorporated ATOM+79,084.1 pp
2Amtech Systems, Inc. ASYS+211.5 pp
3AXT, Inc. AXTI+47.2 pp
4Kulicke and Soffa Industries, Inc. KLIC+20.0 pp
5Cohu, Inc. COHU+19.3 pp
Operating margin · company comparison
27/29 level · 28/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ASML Holding N.V. has the highest Net profit among the 29 Semiconductor Equipment & Materials companies compared here, at $10,399 million. Applied Materials, Inc. is next at $8,508 million. Teradyne, Inc. has the highest Profit growth at 48.2%, so level and change sit with different companies. 25 of 29 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: ASML Holding N.V. leads with $10,399 million of TTM profit, 22.2% above Applied Materials, Inc.. Teradyne, Inc. shows 48.2% growth from a $873 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderASML Holding N.V. · $10,399 million
Gap22.2% versus #2 · Applied Materials, Inc.
Persistence8/8 recent comparable periods
Coverage25/29 companies · 510 observations
Investor read: ASML Holding N.V. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1ASML Holding N.V. ASML$10.4B
2Applied Materials, Inc. AMAT$8.5B
3Lam Research Corporation LRCX$6.7B
4KLA Corporation KLAC$4.7B
5Teradyne, Inc. TER$873M
Profit growthfastest growers
1Teradyne, Inc. TER48%
2Lam Research Corporation LRCX44%
3Amkor Technology, Inc. AMKR38%
4KLA Corporation KLAC26%
5Applied Materials, Inc. AMAT26%
Net profit · company comparison
25/29 level · 14/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Applied Materials, Inc. has the highest CAPEX among the 29 Semiconductor Equipment & Materials companies compared here, at $635 million. Lam Research Corporation is next at $332 million. Daqo New Energy Corp. has the highest CAPEX intensity at 107.4%, so level and change sit with different companies. 28 of 29 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Applied Materials, Inc. reports $635 million of CAPEX; Daqo New Energy Corp. has the highest covered intensity at 107.4%. Coverage is only 28 of 29 companies and 505 reported observations, so this is partial evidence—not a complete sector rank.
LeaderApplied Materials, Inc. · $635 million
Gap91.3% versus #2 · Lam Research Corporation
Persistence8/8 recent comparable periods
Coverage28/29 companies · 505 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Applied Materials, Inc. AMAT$635M
2Lam Research Corporation LRCX$332M
3ASML Holding N.V. ASML$299M
4Amkor Technology, Inc. AMKR$225M
5Qnity Electronics, Inc. Q$122M
CAPEX intensityhighest reinvestment intensity
1Daqo New Energy Corp. DQ107%
2Photronics, Inc. PLAB22%
3Amkor Technology, Inc. AMKR13%
4ACM Research, Inc. ACMR9.5%
5Qnity Electronics, Inc. Q9.3%
Capital expenditure · company comparison
28/29 level · 28/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Daqo New Energy Corp. has the lowest Gross debt among the 29 Semiconductor Equipment & Materials companies compared here, at $0 million. ASML Holding N.V. has the lowest Net debt at $3,862 million net cash, so level and change sit with different companies. 28 of 29 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: ASML Holding N.V. has the clearest covered balance-sheet capacity with $3,862 million net cash and gross debt of $3,720 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderDaqo New Energy Corp. · $0 million
Gapnull versus #2 · IPG Photonics Corporation
Persistence8/8 recent comparable periods
Coverage28/29 companies · 511 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Daqo New Energy Corp. DQ$0M
2IPG Photonics Corporation IPGP$0M
3Onto Innovation Inc. ONTO$0M
4Atomera Incorporated ATOM$1M
5Photronics, Inc. PLAB$4M
Net debtlowest net debt
1ASML Holding N.V. ASML$-3.9B
2Daqo New Energy Corp. DQ$-1.9B
3Applied Materials, Inc. AMAT$-1.8B
4Lam Research Corporation LRCX$-1.0B
5ACM Research, Inc. ACMR$-950M
Debt and balance-sheet capacity · company comparison
28/29 level · 28/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Teradyne, Inc. has the highest ROCE among the 29 Semiconductor Equipment & Materials companies compared here, at 14.6%. Lam Research Corporation is next at 13.6%. Amtech Systems, Inc. has the highest ROCE change at +42.7 percentage points, so level and change sit with different companies. 28 of 29 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Teradyne, Inc. leads ROCE at 14.6%, 1 percentage points above Lam Research Corporation. Amtech Systems, Inc. has the strongest latest improvement at +42.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderTeradyne, Inc. · 14.6%
Gap7.4% versus #2 · Lam Research Corporation
Persistence4/8 recent comparable periods
Coverage28/29 companies · 504 observations
Investor read: Teradyne, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Teradyne, Inc. TER15%
2Lam Research Corporation LRCX14%
3KLA Corporation KLAC12%
4ASML Holding N.V. ASML11%
5Applied Materials, Inc. AMAT8.9%
ROCE changefastest improvers
1Amtech Systems, Inc. ASYS+42.7 pp
2Teradyne, Inc. TER+10.5 pp
3Atomera Incorporated ATOM+5.7 pp
4Kulicke and Soffa Industries, Inc. KLIC+4.6 pp
5AXT, Inc. AXTI+3.3 pp
Return on capital · company comparison
28/29 level · 28/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Photronics, Inc. has the lowest Guarded PEG among the 29 Semiconductor Equipment & Materials companies compared here, at 0.43×. Veeco Instruments Inc. is next at 0.65×. Aehr Test Systems, Inc. has the lowest P/E at 12.4×, so level and change sit with different companies. 15 of 29 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Photronics, Inc. has the lowest comparable Guarded PEG at 0.43×, 33.8% below Veeco Instruments Inc.. Only 15 of 29 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderPhotronics, Inc. · 0.43×
Gap33.8% versus #2 · Veeco Instruments Inc.
Persistence0/8 recent comparable periods
Coverage15/29 companies · 82 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Photronics, Inc. PLAB0.4
2Veeco Instruments Inc. VECO0.7
3IPG Photonics Corporation IPGP0.7
4Amkor Technology, Inc. AMKR0.7
5ACM Research, Inc. ACMR0.8
P/Elowest P/E
1Aehr Test Systems, Inc. AEHR12.4
2Daqo New Energy Corp. DQ12.5
3Photronics, Inc. PLAB18.2
4AXT, Inc. AXTI19.0
5Amkor Technology, Inc. AMKR25.7
Valuation · company comparison
15/29 level · 26/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Daqo New Energy Corp. has the lowest EV/EBITDA among the 29 Semiconductor Equipment & Materials companies compared here, at 2.37×. Ultra Clean Holdings, Inc. is next at 8.52×. The same company also holds the lowest P/BV, at 0.33×. 26 of 29 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Daqo New Energy Corp. leads both ev/ebitda at 2.37× and p/bv at 0.33×.
LeaderDaqo New Energy Corp. · 2.37×
Gap72.2% versus #2 · Ultra Clean Holdings, Inc.
Persistence0/8 recent comparable periods
Coverage26/29 companies · 407 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Daqo New Energy Corp. DQ2.4
2Ultra Clean Holdings, Inc. UCTT8.5
3Amkor Technology, Inc. AMKR9.1
4Photronics, Inc. PLAB10.0
5ACM Research, Inc. ACMR15.6
P/BVlowest P/BV
1Daqo New Energy Corp. DQ0.3
2InTest Corporation INTT1.6
3ACM Research, Inc. ACMR1.7
4Cohu, Inc. COHU1.8
5IPG Photonics Corporation IPGP2.3
Enterprise and book valuation · company comparison
26/29 level · 28/29 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
AXT, Inc. has the strongest one-year price move in Semiconductor Equipment & Materials at +2127.1%. Ichor Holdings, Ltd. leads on Mansfield relative strength against the S&P 500 at +51%. 19 of 28 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Semiconductor Equipment & Materials comparison names 4 specific ways its own evidence can mislead, all listed below. All 29 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.
Keep these limits visible
A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set
Which companies are included?
All 29 companies in the canonical Semiconductor Equipment & Materials membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
This comparison is built from the reported filings of 29 Semiconductor Equipment & Materials companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Semiconductor Equipment & Materials company comparison FAQs
These 18 answers restate the Semiconductor Equipment & Materials comparison above in question form. Every one is computed from the same 29 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.
Which Semiconductor Equipment & Materials company is the biggest?
ASML Holding N.V. is the largest, with trailing-twelve-month revenue of $35,328 million, ahead of Applied Materials, Inc. at $29,024 million. That covers 24 of 29 companies with comparable reporting through Jun 2026.
Which Semiconductor Equipment & Materials company is growing fastest?
Teradyne, Inc. has the fastest revenue growth at 30.3% year on year, across 23 of 29 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Semiconductor Equipment & Materials company has the best profit margins?
KLA Corporation has the highest operating margin at 41.2%, from 27 of 29 comparable companies. Atomera Incorporated shows the biggest recent improvement, at +79084.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Semiconductor Equipment & Materials company makes the most profit?
ASML Holding N.V. earns the most, at $10,399 million of trailing-twelve-month net profit, from 25 of 29 comparable companies. Teradyne, Inc. has the fastest profit growth at 48.2%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Semiconductor Equipment & Materials company earns the highest return on capital?
Teradyne, Inc. leads on return on capital employed at 14.6%, across 28 of 29 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Semiconductor Equipment & Materials stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Photronics, Inc. screens cheapest at 0.43×. Only 15 of 29 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Semiconductor Equipment & Materials company has the strongest balance sheet?
Daqo New Energy Corp. carries the lowest comparable gross debt at $0 million, from 28 of 29 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Semiconductor Equipment & Materials company is investing most in new capacity?
Applied Materials, Inc. reports the largest capital spending at $635 million, across 28 of 29 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.
Is the Semiconductor Equipment & Materials sector beating the market?
Semiconductor Equipment & Materials has outperformed S&P 500 by 126.8% over the last 52 weeks and 16.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 19 of 28 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Semiconductor Equipment & Materials stock has the strongest price momentum?
Ichor Holdings, Ltd. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Semiconductor Equipment & Materials company scores highest for research priority?
Teradyne, Inc. scores 74.6 out of 100 with 82% evidence confidence, from 30.9 points on growth and earnings, 19.6 on capital efficiency, 11.8 on valuation and 12.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Semiconductor Equipment & Materials companies does this comparison cover, and over what period?
It compares 29 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Semiconductor Equipment & Materials sector?
The 29 Semiconductor Equipment & Materials companies on this page carry $1,755,638 million of combined market value. ASML Holding N.V. is the largest at $607,586 million, about 35% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.
What is the Semiconductor Equipment & Materials sector's P/E ratio?
The median price-to-earnings ratio across the 29 Semiconductor Equipment & Materials companies on this page is 54.1×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.
How is the Semiconductor Equipment & Materials sector performing?
19 of the 28 covered Semiconductor Equipment & Materials companies are beating S&P 500 on Mansfield relative strength. The sector itself is 126.8% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.
How many Semiconductor Equipment & Materials stocks are listed in the US?
This comparison covers 29 listed Semiconductor Equipment & Materials companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.