20-quarter listed-company comparison

Semiconductor Equipment & Materials Stocks

Semiconductor Equipment & Materials: ASML Holding N.V. owns the largest revenue base; Teradyne, Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Semiconductor Equipment & Materials moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 116% ahead of S&P 500. Earnings across its companies fell 1% on average over the last four reported quarters.

FADING · −5 in 4w~Price up, without the fundamentals confirming0 of the 26 companies with a long enough price record ahead of S&P 500 by 5% or more over three months

RS — · 5/26 >200d (−14) · 0/26 lead (−5) · EPS 15/26↑

Semiconductor Equipment & Materials, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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 26 of its 29 companies — the 3 with too short a price record are ranked in the scorecard but cannot sit in this line. 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.

02 · sector relative strength, before individual stocks

Is Semiconductor Equipment & Materials outperforming S&P 500?

Semiconductor Equipment & Materials has outperformed S&P 500 by 81.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 33.6%. 15 of 28 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Aehr Test Systems, Inc. is the strongest against the sector itself at +43.4%.

-33.6%Sector vs S&P 500 · 13 weeks

+81.9%Sector vs S&P 500 · 52 weeks

15/28Stocks 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 81.9% over 52 weeks and 33.6% over 13 weeks. 15 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 20 of 29 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

$1.7T

ASML Holding N.V.

Revenue growing

14/20

positive TTM year-on-year growth

Beating S&P 500

15/28

positive Mansfield relative strength

Comparing 5 of 29

03 · 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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Teradyne, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 81.1% evidence confidence.

Photronics, Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Aehr Test Systems, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Teradyne, Inc.TER	78.1/100Favorable setup81% evidence	ASLEEP	30.9/35 Revenue 57.8% · PAT 100% · OPM change 19 pp 83% evidence	17.4/25 ROCE 12.7% · OPM 32.9% 76% evidence	12.2/20 P/E 59.9× · PEG 1.04 65% evidence	17.6/20 RS sector 5.1% · RS bench 10.8% · 1Y 184.6%2 of 12 weeks ahead 100% evidence
Exact sum: 30.9 + 17.4 + 12.2 + 17.6 = 78.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Lam Research CorporationLRCX	71.5/100Favorable setup81% evidence	ASLEEP	28.8/35 Revenue 26% · PAT 35.6% · OPM change 3.7 pp 83% evidence	21.4/25 ROCE 46.6% · OPM 37.4% 76% evidence	9.0/20 P/E 65.3× · PEG 1.68 65% evidence	12.3/20 RS sector -1.8% · RS bench 4.7% · 1Y 112.1%6 of 12 weeks ahead 100% evidence
Exact sum: 28.8 + 21.4 + 9 + 12.3 = 71.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Applied Materials, Inc.AMAT	62.6/100Mixed-positive evidence85% evidence	FADING	19.2/35 Revenue 7.8% · PAT 35.6% · OPM change 3.1 pp 95% evidence	20.4/25 ROCE 29% · OPM 33.7% 76% evidence	11.8/20 P/E 45.9× · PEG 1.21 65% evidence	11.2/20 RS sector -2.1% · RS bench 3.9% · 1Y 118.5%8 of 12 weeks ahead 100% evidence
Exact sum: 19.2 + 20.4 + 11.8 + 11.2 = 62.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4ASML Holding N.V.ASML	62.1/100Mixed-positive evidence81% evidence	FADING	20.9/35 Revenue 9.8% · PAT 13% · OPM change 2.5 pp 83% evidence	21.1/25 ROCE 44.6% · OPM 37.1% 76% evidence	5.6/20 P/E 57× · PEG 3.89 65% evidence	14.5/20 RS sector -2.5% · RS bench 7% · 1Y 71.9%7 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 21.1 + 5.6 + 14.5 = 62.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
5FormFactor, Inc.FORM	57.0/100Thin evidence · provisional56% evidence	ASLEEP	21.6/35 Revenue — · PAT — · OPM change 5.5 pp 39% evidence	12.4/25 ROCE 5.2% · OPM 7.4% 76% evidence	9.0/20 P/E 89.5× · PEG — 15% evidence	14.0/20 RS sector 2.7% · RS bench 6.5% · 1Y 197.5%1 of 12 weeks ahead 100% evidence
Exact sum: 21.6 + 12.4 + 9 + 14 = 57 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Kulicke and Soffa Industries, Inc.KLIC	55.2/100Thin evidence · provisional56% evidence	ASLEEP	22.2/35 Revenue — · PAT — · OPM change 20 pp 39% evidence	12.2/25 ROCE 4% · OPM 15.9% 76% evidence	9.7/20 P/E 61.6× · PEG — 15% evidence	11.1/20 RS sector -1.1% · RS bench 3.4% · 1Y 89.4%4 of 12 weeks ahead 100% evidence
Exact sum: 22.2 + 12.2 + 9.7 + 11.1 = 55.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Cohu, Inc.COHU	53.2/100Thin evidence · provisional56% evidence	FADING	19.7/35 Revenue — · PAT — · OPM change 19.3 pp 39% evidence	5.4/25 ROCE 0% · OPM -8.9% 76% evidence	9.8/20 P/E 60× · PEG — 15% evidence	18.3/20 RS sector 22.4% · RS bench 28% · 1Y 126.7%5 of 12 weeks ahead 100% evidence
Exact sum: 19.7 + 5.4 + 9.8 + 18.3 = 53.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8ACM Research, Inc.ACMR	52.3/100Mixed-positive evidence66% evidence	FADING	17.1/35 Revenue 19.7% · PAT -9% · OPM change 0.6 pp 53% evidence	11.8/25 ROCE 2% · OPM 15.6% 57% evidence	15.0/20 P/E 30× · PEG 0.75 65% evidence	8.4/20 RS sector -2.6% · RS bench 3.5% · 1Y 80.6%8 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 11.8 + 15 + 8.4 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9KLA CorporationKLAC	51.8/100Mixed-positive evidence81% evidence	ASLEEP	18.2/35 Revenue 11.7% · PAT 18.9% · OPM change -0.1 pp 83% evidence	21.0/25 ROCE 41.5% · OPM 42.5% 76% evidence	4.2/20 P/E 81.6× · PEG 4 65% evidence	8.4/20 RS sector -10.2% · RS bench -2.6% · 1Y 60.2%5 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 21 + 4.2 + 8.4 = 51.8 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
10Photronics, Inc.PLAB	50.9/100Mixed-positive evidence81% evidence	ASLEEP	14.0/35 Revenue 0.5% · PAT 24.1% · OPM change -6.3 pp 83% evidence	13.6/25 ROCE 2.6% · OPM 20.1% 76% evidence	16.3/20 P/E 18.2× · PEG 0.43 65% evidence	7.0/20 RS sector -29.2% · RS bench -21.4% · 1Y 11.7%0 of 12 weeks ahead 100% evidence
Exact sum: 14 + 13.6 + 16.3 + 7 = 50.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
11AXT, Inc.AXTI	50.7/100Thin evidence · provisional56% evidence	ASLEEP	21.3/35 Revenue — · PAT — · OPM change 47.2 pp 39% evidence	7.0/25 ROCE 1.7% · OPM -5.9% 76% evidence	8.5/20 P/E 3604× · PEG — 15% evidence	13.9/20 RS sector 39.2% · RS bench 28.9% · 1Y 1381.6%0 of 12 weeks ahead 100% evidence
Exact sum: 21.3 + 7 + 8.5 + 13.9 = 50.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Qnity Electronics, Inc.Q	49.9/100Thin evidence · provisional51% evidence	ASLEEP	15.2/35 Revenue 14.8% · PAT -23.6% · OPM change -1.7 pp 83% evidence	14.5/25 ROCE 4.3% · OPM 19.3% 76% evidence	10.2/20 P/E 58.3× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y —1 of 12 weeks ahead 0% evidence
Exact sum: 15.2 + 14.5 + 10.2 + 10 = 49.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Entegris, Inc.ENTG	49.1/100Mixed-negative evidence81% evidence	ASLEEP	16.4/35 Revenue 3.2% · PAT 3.4% · OPM change 4.2 pp 83% evidence	14.0/25 ROCE 7.1% · OPM 19.3% 76% evidence	7.6/20 P/E 80.6× · PEG 1.94 65% evidence	11.1/20 RS sector -7% · RS bench 1.7% · 1Y 39.5%3 of 12 weeks ahead 100% evidence
Exact sum: 16.4 + 14 + 7.6 + 11.1 = 49.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Aehr Test Systems, Inc.AEHR	47.3/100Thin evidence · provisional56% evidence	ASLEEP	15.9/35 Revenue — · PAT — · OPM change -34.9 pp 39% evidence	5.0/25 ROCE -0.7% · OPM -41% 76% evidence	11.5/20 P/E 12.4× · PEG — 15% evidence	14.9/20 RS sector 43.4% · RS bench 41% · 1Y 181.3%2 of 12 weeks ahead 100% evidence
Exact sum: 15.9 + 5 + 11.5 + 14.9 = 47.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15Camtek Ltd.CAMT	46.3/100Mixed-negative evidence66% evidence	ASLEEP	12.9/35 Revenue 10.6% · PAT -61.7% · OPM change -5.2 pp 53% evidence	13.1/25 ROCE 2.7% · OPM 22.4% 57% evidence	12.2/20 P/E 174.3× · PEG 0.8 65% evidence	8.1/20 RS sector -18.9% · RS bench -10.3% · 1Y 42%0 of 12 weeks ahead 100% evidence
Exact sum: 12.9 + 13.1 + 12.2 + 8.1 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Amkor Technology, Inc.AMKR	46.1/100Thin evidence · provisional56% evidence	ASLEEP	20.2/35 Revenue — · PAT — · OPM change 3.6 pp 39% evidence	12.2/25 ROCE 3% · OPM 6% 76% evidence	10.8/20 P/E 38.7× · PEG — 15% evidence	2.9/20 RS sector -21.2% · RS bench -15.5% · 1Y 63.5%2 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 12.2 + 10.8 + 2.9 = 46.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Nova Ltd.NVMI	45.5/100Mixed-negative evidence66% evidence	ASLEEP	19.5/35 Revenue 21.4% · PAT 24.6% · OPM change 0.5 pp 53% evidence	14.7/25 ROCE 5.6% · OPM 30.1% 57% evidence	7.0/20 P/E 54.1× · PEG 2.56 65% evidence	4.3/20 RS sector -30.8% · RS bench -23.3% · 1Y 9.6%0 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 14.7 + 7 + 4.3 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Ultra Clean Holdings, Inc.UCTT	45.3/100Thin evidence · provisional51% evidence	ASLEEP	14.6/35 Revenue -3.2% · PAT -574.4% · OPM change -0.4 pp 40% evidence	8.1/25 ROCE 0.7% · OPM 2.1% 57% evidence	10.9/20 P/E 35.5× · PEG — 15% evidence	11.7/20 RS sector 3.6% · RS bench 4% · 1Y 140.3%5 of 12 weeks ahead 100% evidence
Exact sum: 14.6 + 8.1 + 10.9 + 11.7 = 45.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19Ichor Holdings, Ltd.ICHR	43.9/100Thin evidence · provisional51% evidence	ASLEEP	16.6/35 Revenue 7.6% · PAT — · OPM change 1.3 pp 40% evidence	7.5/25 ROCE 0.2% · OPM 0.8% 57% evidence	10.5/20 P/E 48.1× · PEG — 15% evidence	9.3/20 RS sector 2.1% · RS bench 0.5% · 1Y 179%5 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 7.5 + 10.5 + 9.3 = 43.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20Ambarella, Inc.AMBA	42.3/100Mixed-negative evidence61% evidence	BASING	21.5/35 Revenue 27.8% · PAT — · OPM change 10.8 pp 62% evidence	3.5/25 ROCE -3.2% · OPM -19.3% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	7.3/20 RS sector -30.5% · RS bench -17.3% · 1Y -24.3%4 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 3.5 + 10 + 7.3 = 42.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21IPG Photonics CorporationIPGP	42.2/100Mixed-negative evidence61% evidence	BASING	15.5/35 Revenue 9.2% · PAT — · OPM change -3.7 pp 40% evidence	8.2/25 ROCE -0.4% · OPM -2.9% 57% evidence	13.2/20 P/E 166.1× · PEG 0.67 65% evidence	5.3/20 RS sector -34.7% · RS bench -26.6% · 1Y -5.5%0 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 8.2 + 13.2 + 5.3 = 42.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
22Axcelis Technologies, Inc.ACLS	38.6/100Mixed-negative evidence66% evidence	ASLEEP	11.1/35 Revenue -11.8% · PAT -44.1% · OPM change -11.1 pp 53% evidence	10.4/25 ROCE 0.7% · OPM 4% 57% evidence	12.8/20 P/E 29× · PEG 1.16 65% evidence	4.3/20 RS sector -18.8% · RS bench -11.8% · 1Y 8.5%3 of 12 weeks ahead 100% evidence
Exact sum: 11.1 + 10.4 + 12.8 + 4.3 = 38.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Veeco Instruments Inc.VECO	37.3/100Mixed-negative evidence66% evidence	ASLEEP	10.6/35 Revenue -7.8% · PAT -64.1% · OPM change -10.2 pp 53% evidence	8.5/25 ROCE -0.2% · OPM -1.7% 57% evidence	13.8/20 P/E 89.1× · PEG 0.65 65% evidence	4.4/20 RS sector -12.6% · RS bench -6.5% · 1Y 43.7%3 of 12 weeks ahead 100% evidence
Exact sum: 10.6 + 8.5 + 13.8 + 4.4 = 37.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
24Trio-Tech InternationalTRT	53.9/100Thin evidence · provisional14% evidence		17.5/35 Revenue — · PAT — · OPM change — 0% evidence	12.5/25 ROCE — · OPM — 0% evidence	10.0/20 P/E — · PEG — 0% evidence	13.9/20 RS sector 0.1% · RS bench 43.9% · 1Y 259.6%2 of 2 weeks ahead to 2026-07-10 70% evidence
Exact sum: 17.5 + 12.5 + 10 + 13.9 = 53.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25Onto Innovation Inc.ONTO	46.5/100Thin evidence · provisional46% evidence	FADING	14.7/35 Revenue — · PAT — · OPM change -18.5 pp 24% evidence	10.5/25 ROCE 0.7% · OPM 5.2% 57% evidence	10.1/20 P/E 59.7× · PEG — 15% evidence	11.2/20 RS sector -3.7% · RS bench 2.6% · 1Y 98.6%4 of 12 weeks ahead 100% evidence
Exact sum: 14.7 + 10.5 + 10.1 + 11.2 = 46.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
26Amtech Systems, Inc.ASYS	45.2/100Thin evidence · provisional45% evidence	ASLEEP	19.4/35 Revenue -13.2% · PAT — · OPM change 211.5 pp 40% evidence	9.9/25 ROCE 2.5% · OPM 8.8% 57% evidence	9.5/20 P/E 68.7× · PEG — 15% evidence	6.4/20 RS sector -13.2% · RS bench -7.3% · 1Y 53.2%2 of 12 weeks ahead 70% evidence
Exact sum: 19.4 + 9.9 + 9.5 + 6.4 = 45.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
27InTest CorporationINTT	41.4/100Thin evidence · provisional45% evidence	ASLEEP	18.6/35 Revenue -5.5% · PAT — · OPM change 13.6 pp 40% evidence	9.2/25 ROCE 0.8% · OPM 2.8% 57% evidence	8.6/20 P/E 341.3× · PEG — 15% evidence	5.0/20 RS sector -21.6% · RS bench -16.5% · 1Y 35.9%0 of 12 weeks ahead 70% evidence
Exact sum: 18.6 + 9.2 + 8.6 + 5 = 41.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
28Atomera IncorporatedATOM	41.2/100Thin evidence · provisional34% evidence	ASLEEP	20.1/35 Revenue — · PAT — · OPM change 79084.1 pp 24% evidence	6.8/25 ROCE -19.5% · OPM — 46% evidence	10.0/20 P/E — · PEG — 0% evidence	4.3/20 RS sector -29% · RS bench -26.3% · 1Y 3.2%2 of 12 weeks ahead 70% evidence
Exact sum: 20.1 + 6.8 + 10 + 4.3 = 41.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
29Daqo New Energy Corp.DQ	33.0/100Thin evidence · provisional45% evidence	BASING	12.2/35 Revenue -22.8% · PAT — · OPM change -472.4 pp 40% evidence	6.4/25 ROCE -2.6% · OPM -564.4% 57% evidence	11.4/20 P/E 12.5× · PEG — 15% evidence	3.0/20 RS sector -62% · RS bench -51.9% · 1Y -58.4%0 of 12 weeks ahead 70% evidence
Exact sum: 12.2 + 6.4 + 11.4 + 3 = 33 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 29 companies

04 · what price has already done

Market action

AXT, Inc. has the strongest one-year price move in Semiconductor Equipment & Materials at +1381.6%. Trio-Tech International leads on Mansfield relative strength against the S&P 500 at +43.9%. 15 of 28 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-09-16.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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 $30,837 million. Teradyne, Inc. has the highest Revenue growth at 57.8%, so level and change sit with different companies. 20 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, 14.6% ahead of Applied Materials, Inc.. Teradyne, Inc.'s growth is 57.8% from a $4,463 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

Gap14.6% versus #2 · Applied Materials, Inc.

Persistence8/8 recent comparable periods

Coverage20/29 companies · 484 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$30.8B

3Lam Research Corporation LRCX$23.2B

4KLA Corporation KLAC$13.6B

5Qnity Electronics, Inc. Q$5.2B

Revenue growthfastest growers

1Teradyne, Inc. TER58%

2Ambarella, Inc. AMBA28%

3Lam Research Corporation LRCX26%

4Nova Ltd. NVMI · older report21%

5ACM Research, Inc. ACMR · older report20%

Revenue · company comparison

20/29 level · 20/29 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
ASML Holding N.V. ASML	$9.3B	21%	Jun 2026
Applied Materials, Inc. AMAT	$9.1B	25%	Sep 2026
Lam Research Corporation LRCX	$6.7B	30%	Jun 2026
KLA Corporation KLAC	$3.7B	15%	Jun 2026
Amkor Technology, Inc. AMKR	$1.7B	27%	Jun 2026
Qnity Electronics, Inc. Q	$1.4B	22%	Jun 2026
Teradyne, Inc. TER	$1.3B	104%	Jun 2026
Entegris, Inc. ENTG	$883M	11%	Jun 2026
Ultra Clean Holdings, Inc. UCTT	$534M	2.9%	Mar 2026
Onto Innovation Inc. ONTO	$267M	0.0%	Mar 2026
IPG Photonics Corporation IPGP	$265M	16%	Mar 2026
Ichor Holdings, Ltd. ICHR	$256M	4.9%	Mar 2026
Kulicke and Soffa Industries, Inc. KLIC	$243M	64%	Jun 2026
Nova Ltd. NVMI	$235M	10%	Mar 2026
ACM Research, Inc. ACMR	$231M	34%	Mar 2026
FormFactor, Inc. FORM	$226M	32%	Jun 2026
Photronics, Inc. PLAB	$210M	-0.5%	Jun 2026
Axcelis Technologies, Inc. ACLS	$199M	3.1%	Mar 2026
Veeco Instruments Inc. VECO	$158M	-5.4%	Mar 2026
Cohu, Inc. COHU	$125M	29%	Jun 2026
Camtek Ltd. CAMT	$122M	2.5%	Mar 2026
Ambarella, Inc. AMBA	$100M	16%	Jun 2026
InTest Corporation INTT	$34M	26%	Mar 2026
AXT, Inc. AXTI	$27M	42%	Jun 2026
Daqo New Energy Corp. DQ	$27M	-78%	Mar 2026
Amtech Systems, Inc. ASYS	$20M	25%	Mar 2026
Aehr Test Systems, Inc. AEHR	$10M	-44%	Jun 2026
Atomera Incorporated ATOM	$0M	-100%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 2021$1.7B

Mar 2022$1.6B

Jun 2022$1.5B

Sep 2022$2.1B

Dec 2022$1.9B

Mar 2023$1.5B

Jun 2023$1.5B

Sep 2023$1.8B

Dec 2023$1.8B

Mar 2024$1.4B

Jun 2024$1.5B

Sep 2024$1.9B

Dec 2024$1.6B

Mar 2025$1.3B

Jun 2025$1.5B

Sep 2025$2.0B

Dec 2025$1.9B

Mar 2026$1.7B

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021$6.1B

Mar 2022$6.3B

Jun 2022$6.2B

Sep 2022$6.5B

Dec 2022$6.7B

Mar 2023$6.7B

Jun 2023$6.6B

Sep 2023$6.4B

Dec 2023$6.7B

Mar 2024$6.7B

Jun 2024$6.6B

Sep 2024$6.8B

Dec 2024$7.0B

Mar 2025$7.2B

Jun 2025$7.1B

Sep 2025$7.3B

Dec 2025$6.8B

Mar 2026$7.0B

Jun 2026$7.9B

Sep 2026$9.1B

ASML Holding N.V. · ASML

Dec 2021$5.2B

Mar 2022—

Jun 2022$3.5B

Sep 2022$5.4B

Dec 2022$5.8B

Mar 2023—

Jun 2023$6.7B

Sep 2023$6.9B

Dec 2023$6.7B

Mar 2024$5.3B

Jun 2024$6.2B

Sep 2024$7.5B

Dec 2024$9.3B

Mar 2025$7.7B

Jun 2025$7.7B

Sep 2025$7.5B

Dec 2025$9.7B

Mar 2026$8.8B

Jun 2026$9.3B

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021$74M

Mar 2022$77M

Jun 2022$80M

Sep 2022$82M

Dec 2022$82M

Mar 2023$72M

Jun 2023$74M

Sep 2023$80M

Dec 2023$89M

Mar 2024$97M

Jun 2024$103M

Sep 2024$112M

Dec 2024$117M

Mar 2025$119M

Jun 2025$123M

Sep 2025$126M

Dec 2025$128M

Mar 2026$122M

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021$579M

Mar 2022—

Jun 2022$650M

Sep 2022$692M

Dec 2022$994M

Mar 2023—

Jun 2023$922M

Sep 2023$901M

Dec 2023$812M

Mar 2024$771M

Jun 2024$813M

Sep 2024$808M

Dec 2024$850M

Mar 2025$773M

Jun 2025$792M

Sep 2025$807M

Dec 2025$824M

Mar 2026$812M

Jun 2026$883M

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021$205M

Mar 2022$197M

Jun 2022$204M

Sep 2022$181M

Dec 2022$166M

Mar 2023—

Jun 2023$167M

Sep 2023$156M

Dec 2023$168M

Mar 2024$169M

Jun 2024$197M

Sep 2024$208M

Dec 2024$189M

Mar 2025$171M

Jun 2025$196M

Sep 2025$203M

Dec 2025$215M

Mar 2026$226M

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 2021$2.4B

Mar 2022$2.3B

Jun 2022$2.5B

Sep 2022$2.7B

Dec 2022$3.0B

Mar 2023$2.4B

Jun 2023$2.4B

Sep 2023$2.4B

Dec 2023$2.5B

Mar 2024$2.4B

Jun 2024$2.6B

Sep 2024$2.8B

Dec 2024$3.1B

Mar 2025$3.1B

Jun 2025$3.2B

Sep 2025$3.2B

Dec 2025$3.3B

Mar 2026$3.4B

Jun 2026$3.7B

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021$4.2B

Mar 2022$4.1B

Jun 2022$4.6B

Sep 2022$5.1B

Dec 2022$5.3B

Mar 2023$3.9B

Jun 2023$3.2B

Sep 2023$3.5B

Dec 2023$3.8B

Mar 2024$3.8B

Jun 2024$3.9B

Sep 2024$4.2B

Dec 2024$4.4B

Mar 2025$4.7B

Jun 2025$5.2B

Sep 2025$5.3B

Dec 2025$5.3B

Mar 2026$5.8B

Jun 2026$6.7B

Sep 2026—

Nova Ltd. · NVMI

Dec 2021$122M

Mar 2022$134M

Jun 2022$142M

Sep 2022$144M

Dec 2022$151M

Mar 2023$132M

Jun 2023$123M

Sep 2023$129M

Dec 2023$134M

Mar 2024$142M

Jun 2024$157M

Sep 2024$179M

Dec 2024$195M

Mar 2025$213M

Jun 2025$220M

Sep 2025$225M

Dec 2025$223M

Mar 2026$235M

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022$226M

Jun 2022$241M

Sep 2022$256M

Dec 2022$254M

Mar 2023—

Jun 2023$199M

Sep 2023$191M

Dec 2023$219M

Mar 2024$229M

Jun 2024$242M

Sep 2024$252M

Dec 2024$264M

Mar 2025$267M

Jun 2025$254M

Sep 2025$218M

Dec 2025—

Mar 2026$267M

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024$1.1B

Dec 2024$1.1B

Mar 2025$1.1B

Jun 2025$1.2B

Sep 2025$1.3B

Dec 2025$1.2B

Mar 2026$1.3B

Jun 2026$1.4B

Sep 2026—

Teradyne, Inc. · TER

Dec 2021$951M

Mar 2022—

Jun 2022$755M

Sep 2022$841M

Dec 2022$827M

Mar 2023—

Jun 2023$618M

Sep 2023$684M

Dec 2023$704M

Mar 2024$600M

Jun 2024$730M

Sep 2024$737M

Dec 2024$753M

Mar 2025$686M

Jun 2025$652M

Sep 2025$769M

Dec 2025$1.1B

Mar 2026$1.3B

Jun 2026$1.3B

Sep 2026—

Revenue growth · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 2021—

Mar 2022—

Jun 20227.0%

Sep 202224%

Dec 202210%

Mar 2023-7.8%

Jun 2023-3.1%

Sep 2023-13%

Dec 2023-8.1%

Mar 2024-7.2%

Jun 20240.2%

Sep 20242.2%

Dec 2024-7.0%

Mar 2025-3.2%

Jun 20253.4%

Sep 20256.7%

Dec 202516%

Mar 202627%

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20225.2%

Dec 202210%

Mar 20237.5%

Jun 20236.2%

Sep 2023-1.5%

Dec 2023-0.4%

Mar 2024-0.5%

Jun 20240.2%

Sep 20245.5%

Dec 20244.8%

Mar 20256.8%

Jun 20256.8%

Sep 20257.7%

Dec 2025-3.5%

Mar 2026-2.2%

Jun 202611%

Sep 202625%

ASML Holding N.V. · ASML

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202235%

Dec 202210%

Mar 2023—

Jun 202391%

Sep 202327%

Dec 202315%

Mar 2024—

Jun 2024-7.5%

Sep 20248.2%

Dec 202439%

Mar 202546%

Jun 202523%

Sep 20250.7%

Dec 20254.9%

Mar 202613%

Jun 202621%

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021—

Mar 2022—

Jun 202219%

Sep 202215%

Dec 202211%

Mar 2023-6.5%

Jun 2023-7.5%

Sep 2023-2.4%

Dec 20238.5%

Mar 202435%

Jun 202439%

Sep 202440%

Dec 202431%

Mar 202523%

Jun 202519%

Sep 202513%

Dec 20259.4%

Mar 20262.5%

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202221%

Dec 202272%

Mar 2023—

Jun 202342%

Sep 202330%

Dec 2023-18%

Mar 2024—

Jun 2024-12%

Sep 2024-10%

Dec 20244.7%

Mar 20250.3%

Jun 2025-2.6%

Sep 2025-0.1%

Dec 2025-3.1%

Mar 20265.1%

Jun 202611%

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021—

Mar 2022—

Jun 20228.5%

Sep 2022-4.7%

Dec 2022-19%

Mar 2023—

Jun 2023-18%

Sep 2023-14%

Dec 20231.2%

Mar 2024—

Jun 202418%

Sep 202433%

Dec 202413%

Mar 20251.2%

Jun 2025-0.5%

Sep 2025-2.4%

Dec 202514%

Mar 202632%

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 2021—

Mar 2022—

Jun 202229%

Sep 202231%

Dec 202227%

Mar 20236.3%

Jun 2023-5.3%

Sep 2023-12%

Dec 2023-17%

Mar 2024-3.0%

Jun 20249.1%

Sep 202419%

Dec 202424%

Mar 202530%

Jun 202524%

Sep 202513%

Dec 20257.2%

Mar 202611%

Jun 202615%

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021—

Mar 2022—

Jun 202212%

Sep 202218%

Dec 202225%

Mar 2023-4.7%

Jun 2023-31%

Sep 2023-31%

Dec 2023-29%

Mar 2024-2.0%

Jun 202421%

Sep 202420%

Dec 202416%

Mar 202524%

Jun 202534%

Sep 202528%

Dec 202522%

Mar 202624%

Jun 202630%

Sep 2026—

Nova Ltd. · NVMI

Dec 2021—

Mar 2022—

Jun 202245%

Sep 202227%

Dec 202224%

Mar 2023-1.5%

Jun 2023-13%

Sep 2023-10%

Dec 2023-11%

Mar 20247.6%

Jun 202428%

Sep 202439%

Dec 202446%

Mar 202550%

Jun 202540%

Sep 202526%

Dec 202514%

Mar 202610%

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022—

Jun 202225%

Sep 202227%

Dec 2022—

Mar 2023—

Jun 2023-17%

Sep 2023-25%

Dec 2023-14%

Mar 2024—

Jun 202422%

Sep 202432%

Dec 202421%

Mar 202517%

Jun 20255.0%

Sep 2025-13%

Dec 2025—

Mar 20260.0%

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 202511%

Dec 20258.1%

Mar 202618%

Jun 202622%

Sep 2026—

Teradyne, Inc. · TER

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-23%

Dec 2022-13%

Mar 2023—

Jun 2023-18%

Sep 2023-19%

Dec 2023-15%

Mar 2024—

Jun 202418%

Sep 20247.8%

Dec 20247.0%

Mar 202514%

Jun 2025-11%

Sep 20254.3%

Dec 202544%

Mar 202687%

Jun 2026104%

Sep 2026—

06 · compare level, then change

Operating Economics & Margin Trend

KLA Corporation has the highest OPM among the 29 Semiconductor Equipment & Materials companies compared here, at 42.5%. Lam Research Corporation is next at 37.4%. 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 Jun 2026.

What the numbers say: KLA Corporation leads opm at 42.5%; Atomera Incorporated leads margin change at +79084.1 percentage points.

LeaderKLA Corporation · 42.5%

Gap13.6% versus #2 · Lam Research Corporation

Persistence6/8 recent comparable periods

Coverage27/29 companies · 472 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 KLAC43%

2Lam Research Corporation LRCX37%

3ASML Holding N.V. ASML37%

4Applied Materials, Inc. AMAT34%

5Teradyne, Inc. TER33%

Margin changefastest expanders

1Atomera Incorporated ATOM · older report+79,084.1 pp

2Amtech Systems, Inc. ASYS · older report+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

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
KLA Corporation KLAC	43%	−0.1 pp	Jun 2026
Lam Research Corporation LRCX	37%	+3.7 pp	Jun 2026
ASML Holding N.V. ASML	37%	+2.5 pp	Jun 2026
Applied Materials, Inc. AMAT	34%	+3.1 pp	Sep 2026
Teradyne, Inc. TER	33%	+19.0 pp	Jun 2026
Nova Ltd. NVMI	30%	+0.5 pp	Mar 2026
Camtek Ltd. CAMT	22%	−5.2 pp	Mar 2026
Photronics, Inc. PLAB	20%	−6.3 pp	Jun 2026
Qnity Electronics, Inc. Q	19%	−1.7 pp	Jun 2026
Entegris, Inc. ENTG	19%	+4.2 pp	Jun 2026
Kulicke and Soffa Industries, Inc. KLIC	16%	+20.0 pp	Jun 2026
ACM Research, Inc. ACMR	16%	+0.6 pp	Mar 2026
Amtech Systems, Inc. ASYS	8.8%	+211.5 pp	Mar 2026
FormFactor, Inc. FORM	7.4%	+5.5 pp	Jun 2026
Amkor Technology, Inc. AMKR	6.0%	+3.6 pp	Jun 2026
Onto Innovation Inc. ONTO	5.2%	−18.5 pp	Mar 2026
Axcelis Technologies, Inc. ACLS	4.0%	−11.1 pp	Mar 2026
InTest Corporation INTT	2.8%	+13.6 pp	Mar 2026
Ultra Clean Holdings, Inc. UCTT	2.1%	−0.4 pp	Mar 2026
Ichor Holdings, Ltd. ICHR	0.8%	+1.3 pp	Mar 2026
Veeco Instruments Inc. VECO	-1.7%	−10.2 pp	Mar 2026
IPG Photonics Corporation IPGP	-2.9%	−3.7 pp	Mar 2026
AXT, Inc. AXTI	-5.9%	+47.2 pp	Jun 2026
Cohu, Inc. COHU	-8.9%	+19.3 pp	Jun 2026
Ambarella, Inc. AMBA	-19%	+10.8 pp	Jun 2026
Aehr Test Systems, Inc. AEHR	-41%	−34.9 pp	Jun 2026
Daqo New Energy Corp. DQ	-564%	−472.4 pp	Mar 2026
Atomera Incorporated ATOM	-872%	+79,084.1 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 202115%

Mar 202213%

Jun 20229.5%

Sep 202215%

Dec 202212%

Mar 20234.7%

Jun 20235.2%

Sep 20239.1%

Dec 20239.1%

Mar 20245.4%

Jun 20245.6%

Sep 20248.0%

Dec 20248.3%

Mar 20252.4%

Jun 20256.1%

Sep 20258.0%

Dec 20259.8%

Mar 20266.0%

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 202133%

Mar 202231%

Jun 202230%

Sep 202230%

Dec 202230%

Mar 202329%

Jun 202329%

Sep 202328%

Dec 202329%

Mar 202429%

Jun 202429%

Sep 202429%

Dec 202429%

Mar 202530%

Jun 202531%

Sep 202531%

Dec 202528%

Mar 202630%

Jun 202632%

Sep 202634%

ASML Holding N.V. · ASML

Dec 202137%

Mar 2022—

Jun 202222%

Sep 202230%

Dec 202234%

Mar 2023—

Jun 202333%

Sep 202333%

Dec 202333%

Mar 202426%

Jun 202429%

Sep 202433%

Dec 202436%

Mar 202535%

Jun 202535%

Sep 202533%

Dec 202535%

Mar 202636%

Jun 202637%

Sep 2026—

Camtek Ltd. · CAMT

Dec 202126%

Mar 202225%

Jun 202226%

Sep 202225%

Dec 202225%

Mar 202320%

Jun 202320%

Sep 202324%

Dec 202319%

Mar 202422%

Jun 202425%

Sep 202426%

Dec 202427%

Mar 202528%

Jun 202526%

Sep 202525%

Dec 202525%

Mar 202622%

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 202124%

Mar 2022—

Jun 202226%

Sep 202223%

Dec 202213%

Mar 2023—

Jun 202315%

Sep 202315%

Dec 202315%

Mar 202417%

Jun 202416%

Sep 202417%

Dec 202420%

Mar 202516%

Jun 202515%

Sep 202515%

Dec 202514%

Mar 202618%

Jun 202619%

Sep 2026—

FormFactor, Inc. · FORM

Dec 202116%

Mar 202217%

Jun 202216%

Sep 20222.2%

Dec 2022-9.6%

Mar 2023—

Jun 20230.1%

Sep 2023-0.8%

Dec 202348%

Mar 202413%

Jun 20249.0%

Sep 20248.6%

Dec 20244.1%

Mar 20251.9%

Jun 20256.3%

Sep 20258.9%

Dec 202511%

Mar 20267.4%

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 202141%

Mar 202239%

Jun 202239%

Sep 202241%

Dec 202240%

Mar 202335%

Jun 202335%

Sep 202338%

Dec 202338%

Mar 202434%

Jun 202438%

Sep 202439%

Dec 202440%

Mar 202543%

Jun 202543%

Sep 202542%

Dec 202541%

Mar 202641%

Jun 202643%

Sep 2026—

Lam Research Corporation · LRCX

Dec 202132%

Mar 202229%

Jun 202232%

Sep 202234%

Dec 202232%

Mar 202327%

Jun 202327%

Sep 202330%

Dec 202329%

Mar 202429%

Jun 202429%

Sep 202430%

Dec 202431%

Mar 202533%

Jun 202534%

Sep 202534%

Dec 202534%

Mar 202635%

Jun 202637%

Sep 2026—

Nova Ltd. · NVMI

Dec 202125%

Mar 202228%

Jun 202226%

Sep 202227%

Dec 202224%

Mar 202327%

Jun 202323%

Sep 202327%

Dec 202325%

Mar 202426%

Jun 202429%

Sep 202428%

Dec 202429%

Mar 202530%

Jun 202530%

Sep 202528%

Dec 202527%

Mar 202630%

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 202222%

Jun 202224%

Sep 202222%

Dec 202223%

Mar 2023—

Jun 202315%

Sep 202313%

Dec 202313%

Mar 202419%

Jun 202420%

Sep 202421%

Dec 202416%

Mar 202524%

Jun 202513%

Sep 202511%

Dec 2025—

Mar 20265.2%

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202421%

Dec 202421%

Mar 202521%

Jun 202521%

Sep 202521%

Dec 202520%

Mar 202621%

Jun 202619%

Sep 2026—

Teradyne, Inc. · TER

Dec 202134%

Mar 2022—

Jun 202225%

Sep 202230%

Dec 202228%

Mar 2023—

Jun 202315%

Sep 202320%

Dec 202321%

Mar 202413%

Jun 202429%

Sep 202421%

Dec 202420%

Mar 202518%

Jun 202514%

Sep 202519%

Dec 202527%

Mar 202637%

Jun 202633%

Sep 2026—

Margin change · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 2021—

Mar 2022—

Jun 2022−1.5 pp

Sep 2022+2.7 pp

Dec 2022−2.8 pp

Mar 2023−8.5 pp

Jun 2023−4.3 pp

Sep 2023−6.2 pp

Dec 2023−2.7 pp

Mar 2024+0.7 pp

Jun 2024+0.4 pp

Sep 2024−1.1 pp

Dec 2024−0.8 pp

Mar 2025−3.0 pp

Jun 2025+0.5 pp

Sep 20250.0 pp

Dec 2025+1.5 pp

Mar 2026+3.6 pp

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.0 pp

Dec 2022−3.5 pp

Mar 2023−2.2 pp

Jun 2023−1.5 pp

Sep 2023−1.5 pp

Dec 2023−0.2 pp

Mar 2024+0.1 pp

Jun 20240.0 pp

Sep 2024+0.7 pp

Dec 2024−0.3 pp

Mar 2025+1.1 pp

Jun 2025+1.7 pp

Sep 2025+1.9 pp

Dec 2025−0.6 pp

Mar 2026−0.5 pp

Jun 2026+1.4 pp

Sep 2026+3.1 pp

ASML Holding N.V. · ASML

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.4 pp

Dec 2022−3.1 pp

Mar 2023—

Jun 2023+10.5 pp

Sep 2023+2.4 pp

Dec 2023−0.8 pp

Mar 2024—

Jun 2024−3.3 pp

Sep 2024−0.1 pp

Dec 2024+3.5 pp

Mar 2025+9.1 pp

Jun 2025+5.2 pp

Sep 2025+0.1 pp

Dec 2025−0.9 pp

Mar 2026+0.6 pp

Jun 2026+2.5 pp

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021—

Mar 2022—

Jun 2022+0.9 pp

Sep 2022−3.3 pp

Dec 2022−1.1 pp

Mar 2023−5.7 pp

Jun 2023−6.0 pp

Sep 2023−1.5 pp

Dec 2023−5.5 pp

Mar 2024+2.3 pp

Jun 2024+5.0 pp

Sep 2024+2.7 pp

Dec 2024+7.3 pp

Mar 2025+5.7 pp

Jun 2025+0.7 pp

Sep 2025−1.1 pp

Dec 2025−2.0 pp

Mar 2026−5.2 pp

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.1 pp

Dec 2022−11.6 pp

Mar 2023—

Jun 2023−11.6 pp

Sep 2023−8.6 pp

Dec 2023+2.0 pp

Mar 2024—

Jun 2024+1.6 pp

Sep 2024+2.3 pp

Dec 2024+4.9 pp

Mar 2025−1.1 pp

Jun 2025−1.0 pp

Sep 2025−1.5 pp

Dec 2025−5.4 pp

Mar 2026+1.8 pp

Jun 2026+4.2 pp

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021—

Mar 2022—

Jun 2022+5.2 pp

Sep 2022−10.0 pp

Dec 2022−25.1 pp

Mar 2023—

Jun 2023−15.9 pp

Sep 2023−3.0 pp

Dec 2023+57.9 pp

Mar 2024—

Jun 2024+8.9 pp

Sep 2024+9.4 pp

Dec 2024−44.2 pp

Mar 2025−10.7 pp

Jun 2025−2.7 pp

Sep 2025+0.3 pp

Dec 2025+6.8 pp

Mar 2026+5.5 pp

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 2021—

Mar 2022—

Jun 2022+1.7 pp

Sep 2022+1.5 pp

Dec 2022−0.9 pp

Mar 2023−3.7 pp

Jun 2023−4.2 pp

Sep 2023−3.3 pp

Dec 2023−1.9 pp

Mar 2024−1.2 pp

Jun 2024+3.1 pp

Sep 2024+1.9 pp

Dec 2024+2.1 pp

Mar 2025+8.3 pp

Jun 2025+4.6 pp

Sep 2025+2.3 pp

Dec 2025+0.9 pp

Mar 2026−1.3 pp

Jun 2026−0.1 pp

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021—

Mar 2022—

Jun 2022+0.2 pp

Sep 2022+1.6 pp

Dec 2022+0.1 pp

Mar 2023−2.3 pp

Jun 2023−4.8 pp

Sep 2023−3.8 pp

Dec 2023−3.2 pp

Mar 2024+1.6 pp

Jun 2024+2.1 pp

Sep 2024+0.6 pp

Dec 2024+1.9 pp

Mar 2025+4.4 pp

Jun 2025+4.5 pp

Sep 2025+4.1 pp

Dec 2025+3.4 pp

Mar 2026+1.9 pp

Jun 2026+3.7 pp

Sep 2026—

Nova Ltd. · NVMI

Dec 2021—

Mar 2022—

Jun 2022−1.7 pp

Sep 2022−4.4 pp

Dec 2022−0.2 pp

Mar 2023−0.7 pp

Jun 2023−2.7 pp

Sep 2023−0.6 pp

Dec 2023+0.7 pp

Mar 2024−0.8 pp

Jun 2024+5.7 pp

Sep 2024+1.0 pp

Dec 2024+3.4 pp

Mar 2025+3.4 pp

Jun 2025+0.7 pp

Sep 2025+0.9 pp

Dec 2025−1.2 pp

Mar 2026+0.5 pp

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022—

Jun 2022+5.7 pp

Sep 2022+0.9 pp

Dec 2022—

Mar 2023—

Jun 2023−9.7 pp

Sep 2023−9.4 pp

Dec 2023−10.4 pp

Mar 2024—

Jun 2024+5.6 pp

Sep 2024+8.0 pp

Dec 2024+3.2 pp

Mar 2025+5.0 pp

Jun 2025−7.5 pp

Sep 2025−10.1 pp

Dec 2025—

Mar 2026−18.5 pp

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025+0.3 pp

Dec 2025−0.9 pp

Mar 2026−0.4 pp

Jun 2026−1.7 pp

Sep 2026—

Teradyne, Inc. · TER

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−6.3 pp

Dec 2022−5.9 pp

Mar 2023—

Jun 2023−9.6 pp

Sep 2023−9.1 pp

Dec 2023−7.5 pp

Mar 2024—

Jun 2024+13.8 pp

Sep 2024+0.2 pp

Dec 2024−0.1 pp

Mar 2025+4.6 pp

Jun 2025−14.9 pp

Sep 2025−1.7 pp

Dec 2025+6.7 pp

Mar 2026+19.3 pp

Jun 2026+19.0 pp

Sep 2026—

07 · compare level, then change

Profit Scale & Acceleration

ASML Holding N.V. has the highest Net profit among the 29 Semiconductor Equipment & Materials companies compared here, at $10,640 million. Applied Materials, Inc. is next at $9,267 million. Teradyne, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: ASML Holding N.V. leads with $10,640 million of TTM profit, 14.8% above Applied Materials, Inc.. Teradyne, Inc. shows ≥100% on the scoring scale (139.4% uncapped) growth from a $1,166 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderASML Holding N.V. · $10,640 million

Gap14.8% versus #2 · Applied Materials, Inc.

Persistence8/8 recent comparable periods

Coverage21/29 companies · 489 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$10.6B

2Applied Materials, Inc. AMAT$9.3B

3Lam Research Corporation LRCX$7.3B

4KLA Corporation KLAC$4.8B

5Teradyne, Inc. TER$1.2B

Profit growthfastest growers

1Teradyne, Inc. TER100%

2Applied Materials, Inc. AMAT36%

3Lam Research Corporation LRCX36%

4Nova Ltd. NVMI · older report25%

5Photronics, Inc. PLAB24%

Net profit · company comparison

21/29 level · 13/29 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
ASML Holding N.V. ASML	$2.9B	27%	Jun 2026
Applied Materials, Inc. AMAT	$2.5B	43%	Sep 2026
Lam Research Corporation LRCX	$2.3B	32%	Jun 2026
KLA Corporation KLAC	$1.4B	13%	Jun 2026
Teradyne, Inc. TER	$377M	349%	Jun 2026
Qnity Electronics, Inc. Q	$136M	-31%	Jun 2026
Entegris, Inc. ENTG	$94M	77%	Jun 2026
Amkor Technology, Inc. AMKR	$84M	282%	Jun 2026
Nova Ltd. NVMI	$69M	6.2%	Mar 2026
Photronics, Inc. PLAB	$43M	79%	Jun 2026
Kulicke and Soffa Industries, Inc. KLIC	$35M	-93%	Jun 2026
Camtek Ltd. CAMT	$32M	-5.9%	Mar 2026
ACM Research, Inc. ACMR	$26M	4.0%	Mar 2026
FormFactor, Inc. FORM	$20M	233%	Jun 2026
Onto Innovation Inc. ONTO	$11M	-83%	Mar 2026
Axcelis Technologies, Inc. ACLS	$9M	-69%	Mar 2026
IPG Photonics Corporation IPGP	$2M	-50%	Mar 2026
Amtech Systems, Inc. ASYS	$1M	-3,300%	Mar 2026
InTest Corporation INTT	$1M	-50%	Mar 2026
Veeco Instruments Inc. VECO	$0M	-100%	Mar 2026
AXT, Inc. AXTI	$-1M	-500%	Jun 2026
Ichor Holdings, Ltd. ICHR	$-2M	-186%	Mar 2026
Aehr Test Systems, Inc. AEHR	$-3M	-300%	Jun 2026
Atomera Incorporated ATOM	$-6M	—	Mar 2026
Cohu, Inc. COHU	$-12M	-264%	Jun 2026
Ultra Clean Holdings, Inc. UCTT	$-15M	-105%	Mar 2026
Ambarella, Inc. AMBA	$-18M	-2,100%	Jun 2026
Daqo New Energy Corp. DQ	$-122M	-432%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 2021$217M

Mar 2022$171M

Jun 2022$125M

Sep 2022$306M

Dec 2022$164M

Mar 2023$45M

Jun 2023$64M

Sep 2023$133M

Dec 2023$119M

Mar 2024$60M

Jun 2024$67M

Sep 2024$123M

Dec 2024$106M

Mar 2025$22M

Jun 2025$55M

Sep 2025$127M

Dec 2025$173M

Mar 2026$84M

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021$1.7B

Mar 2022$1.8B

Jun 2022$1.5B

Sep 2022$1.6B

Dec 2022$1.6B

Mar 2023$1.7B

Jun 2023$1.6B

Sep 2023$1.6B

Dec 2023$2.0B

Mar 2024$2.0B

Jun 2024$1.7B

Sep 2024$1.7B

Dec 2024$1.7B

Mar 2025$1.2B

Jun 2025$2.1B

Sep 2025$1.8B

Dec 2025$1.9B

Mar 2026$2.0B

Jun 2026$2.8B

Sep 2026$2.5B

ASML Holding N.V. · ASML

Dec 2021$1.7B

Mar 2022—

Jun 2022$695M

Sep 2022$1.4B

Dec 2022$1.7B

Mar 2023—

Jun 2023$2.0B

Sep 2023$1.9B

Dec 2023$1.9B

Mar 2024$1.2B

Jun 2024$1.6B

Sep 2024$2.1B

Dec 2024$2.7B

Mar 2025$2.4B

Jun 2025$2.3B

Sep 2025$2.1B

Dec 2025$2.8B

Mar 2026$2.8B

Jun 2026$2.9B

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021$13M

Mar 2022$18M

Jun 2022$19M

Sep 2022$21M

Dec 2022$22M

Mar 2023$17M

Jun 2023$19M

Sep 2023$22M

Dec 2023$21M

Mar 2024$25M

Jun 2024$28M

Sep 2024$33M

Dec 2024$33M

Mar 2025$34M

Jun 2025$34M

Sep 2025$-53M

Dec 2025$36M

Mar 2026$32M

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021$117M

Mar 2022—

Jun 2022$126M

Sep 2022$99M

Dec 2022$-74M

Mar 2023—

Jun 2023$-88M

Sep 2023$198M

Dec 2023$38M

Mar 2024$45M

Jun 2024$68M

Sep 2024$78M

Dec 2024$102M

Mar 2025$63M

Jun 2025$53M

Sep 2025$71M

Dec 2025$49M

Mar 2026$92M

Jun 2026$94M

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021$26M

Mar 2022$30M

Jun 2022$30M

Sep 2022$4M

Dec 2022$-14M

Mar 2023—

Jun 2023$1M

Sep 2023$1M

Dec 2023$76M

Mar 2024$22M

Jun 2024$19M

Sep 2024$19M

Dec 2024$10M

Mar 2025$6M

Jun 2025$9M

Sep 2025$16M

Dec 2025$23M

Mar 2026$20M

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 2021$717M

Mar 2022$731M

Jun 2022$805M

Sep 2022$1.0B

Dec 2022$979M

Mar 2023$698M

Jun 2023$685M

Sep 2023$741M

Dec 2023$583M

Mar 2024$602M

Jun 2024$836M

Sep 2024$946M

Dec 2024$825M

Mar 2025$1.1B

Jun 2025$1.2B

Sep 2025$1.1B

Dec 2025$1.1B

Mar 2026$1.2B

Jun 2026$1.4B

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021$1.2B

Mar 2022$1.0B

Jun 2022$1.2B

Sep 2022$1.4B

Dec 2022$1.5B

Mar 2023$814M

Jun 2023$803M

Sep 2023$887M

Dec 2023$954M

Mar 2024$966M

Jun 2024$1.0B

Sep 2024$1.1B

Dec 2024$1.2B

Mar 2025$1.3B

Jun 2025$1.7B

Sep 2025$1.6B

Dec 2025$1.6B

Mar 2026$1.8B

Jun 2026$2.3B

Sep 2026—

Nova Ltd. · NVMI

Dec 2021$22M

Mar 2022$34M

Jun 2022$35M

Sep 2022$35M

Dec 2022$36M

Mar 2023$35M

Jun 2023$30M

Sep 2023$34M

Dec 2023$38M

Mar 2024$37M

Jun 2024$45M

Sep 2024$51M

Dec 2024$50M

Mar 2025$65M

Jun 2025$68M

Sep 2025$61M

Dec 2025$65M

Mar 2026$69M

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022$47M

Jun 2022$53M

Sep 2022$52M

Dec 2022$52M

Mar 2023—

Jun 2023$29M

Sep 2023$26M

Dec 2023$30M

Mar 2024$47M

Jun 2024$53M

Sep 2024$53M

Dec 2024$49M

Mar 2025$64M

Jun 2025$34M

Sep 2025$28M

Dec 2025—

Mar 2026$11M

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024$207M

Dec 2024$221M

Mar 2025$199M

Jun 2025$198M

Sep 2025$223M

Dec 2025$109M

Mar 2026$162M

Jun 2026$136M

Sep 2026—

Teradyne, Inc. · TER

Dec 2021$257M

Mar 2022—

Jun 2022$162M

Sep 2022$198M

Dec 2022$183M

Mar 2023—

Jun 2023$84M

Sep 2023$120M

Dec 2023$128M

Mar 2024$64M

Jun 2024$186M

Sep 2024$147M

Dec 2024$152M

Mar 2025$104M

Jun 2025$84M

Sep 2025$125M

Dec 2025$260M

Mar 2026$404M

Jun 2026$377M

Sep 2026—

Profit growth · reported quarter history

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.

Amkor Technology, Inc. · AMKR

Dec 2021—

Mar 2022—

Jun 2022-0.8%

Sep 202268%

Dec 2022-24%

Mar 2023-74%

Jun 2023-49%

Sep 2023-57%

Dec 2023-27%

Mar 202433%

Jun 20244.7%

Sep 2024-7.5%

Dec 2024-11%

Mar 2025-63%

Jun 2025-18%

Sep 20253.3%

Dec 202563%

Mar 2026282%

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-6.4%

Dec 2022-7.1%

Mar 2023-4.2%

Jun 20232.5%

Sep 2023-2.9%

Dec 202326%

Mar 202418%

Jun 20249.3%

Sep 20249.3%

Dec 2024-14%

Mar 2025-41%

Jun 202524%

Sep 20254.3%

Dec 20259.6%

Mar 202671%

Jun 202631%

Sep 202643%

ASML Holding N.V. · ASML

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202238%

Dec 2022-2.2%

Mar 2023—

Jun 2023181%

Sep 202338%

Dec 202311%

Mar 2024—

Jun 2024-19%

Sep 20247.0%

Dec 202442%

Mar 202592%

Jun 202545%

Sep 20252.3%

Dec 20255.5%

Mar 202617%

Jun 202627%

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021—

Mar 2022—

Jun 202219%

Sep 202211%

Dec 202269%

Mar 2023-5.6%

Jun 20230.0%

Sep 20234.8%

Dec 2023-4.6%

Mar 202447%

Jun 202447%

Sep 202450%

Dec 202457%

Mar 202536%

Jun 202521%

Sep 2025-261%

Dec 20259.1%

Mar 2026-5.9%

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202211%

Dec 2022-163%

Mar 2023—

Jun 2023-170%

Sep 2023100%

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024-61%

Dec 2024168%

Mar 202540%

Jun 2025-22%

Sep 2025-9.0%

Dec 2025-52%

Mar 202646%

Jun 202677%

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021—

Mar 2022—

Jun 202267%

Sep 2022-80%

Dec 2022-154%

Mar 2023—

Jun 2023-97%

Sep 2023-75%

Dec 2023—

Mar 2024—

Jun 20241,800%

Sep 20241,800%

Dec 2024-87%

Mar 2025-73%

Jun 2025-53%

Sep 2025-16%

Dec 2025130%

Mar 2026233%

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 2021—

Mar 2022—

Jun 202227%

Sep 2022-3.9%

Dec 202237%

Mar 2023-4.5%

Jun 2023-15%

Sep 2023-28%

Dec 2023-40%

Mar 2024-14%

Jun 202422%

Sep 202428%

Dec 202442%

Mar 202581%

Jun 202544%

Sep 202519%

Dec 202539%

Mar 202610%

Jun 202613%

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021—

Mar 2022—

Jun 20225.6%

Sep 202221%

Dec 202223%

Mar 2023-20%

Jun 2023-34%

Sep 2023-38%

Dec 2023-35%

Mar 202419%

Jun 202427%

Sep 202426%

Dec 202425%

Mar 202538%

Jun 202569%

Sep 202541%

Dec 202534%

Mar 202637%

Jun 202632%

Sep 2026—

Nova Ltd. · NVMI

Dec 2021—

Mar 2022—

Jun 202252%

Sep 202217%

Dec 202264%

Mar 20232.9%

Jun 2023-14%

Sep 2023-2.9%

Dec 20235.6%

Mar 20245.7%

Jun 202450%

Sep 202450%

Dec 202432%

Mar 202576%

Jun 202551%

Sep 202520%

Dec 202530%

Mar 20266.2%

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022—

Jun 202251%

Sep 202244%

Dec 2022—

Mar 2023—

Jun 2023-45%

Sep 2023-50%

Dec 2023-42%

Mar 2024—

Jun 202483%

Sep 2024104%

Dec 202463%

Mar 202536%

Jun 2025-36%

Sep 2025-47%

Dec 2025—

Mar 2026-83%

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20257.7%

Dec 2025-51%

Mar 2026-19%

Jun 2026-31%

Sep 2026—

Teradyne, Inc. · TER

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-40%

Dec 2022-29%

Mar 2023—

Jun 2023-48%

Sep 2023-39%

Dec 2023-30%

Mar 2024—

Jun 2024121%

Sep 202423%

Dec 202419%

Mar 202563%

Jun 2025-55%

Sep 2025-15%

Dec 202571%

Mar 2026288%

Jun 2026349%

Sep 2026—

08 · compare level, then change

Return On Capital Employed

Lam Research Corporation has the highest ROCE among the 29 Semiconductor Equipment & Materials companies compared here, at 46.6%. ASML Holding N.V. is next at 44.6%. 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 Jun 2026.

What the numbers say: Lam Research Corporation leads ROCE at 46.6%, 2 percentage points above ASML Holding N.V.. 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.

LeaderLam Research Corporation · 46.6%

Gap4.5% versus #2 · ASML Holding N.V.

Persistence7/8 recent comparable periods

Coverage28/29 companies · 494 observations

Investor read: Lam Research 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 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

1Lam Research Corporation LRCX47%

2ASML Holding N.V. ASML45%

3KLA Corporation KLAC42%

4Applied Materials, Inc. AMAT29%

5Teradyne, Inc. TER13%

ROCE changefastest improvers

1Amtech Systems, Inc. ASYS · older report+42.7 pp

2Teradyne, Inc. TER+9.7 pp

3Lam Research Corporation LRCX+6.7 pp

4Atomera Incorporated ATOM · older report+5.7 pp

5Kulicke and Soffa Industries, Inc. KLIC+4.6 pp

Return on capital · company comparison

28/29 level · 28/29 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Lam Research Corporation LRCX	47%	+6.7 pp	Jun 2026
ASML Holding N.V. ASML	45%	+1.9 pp	Jun 2026
KLA Corporation KLAC	42%	−0.3 pp	Jun 2026
Applied Materials, Inc. AMAT	29%	−3.8 pp	Sep 2026
Teradyne, Inc. TER	13%	+9.7 pp	Jun 2026
Entegris, Inc. ENTG	7.1%	+0.2 pp	Jun 2026
Nova Ltd. NVMI	5.6%	−1.0 pp	Mar 2026
FormFactor, Inc. FORM	5.2%	+4.0 pp	Jun 2026
Qnity Electronics, Inc. Q	4.3%	0.0 pp	Jun 2026
Kulicke and Soffa Industries, Inc. KLIC	4.0%	+4.6 pp	Jun 2026
Amkor Technology, Inc. AMKR	3.0%	+1.4 pp	Jun 2026
Camtek Ltd. CAMT	2.7%	−1.8 pp	Mar 2026
Photronics, Inc. PLAB	2.6%	−1.2 pp	Jun 2026
Amtech Systems, Inc. ASYS	2.5%	+42.7 pp	Mar 2026
ACM Research, Inc. ACMR	2.0%	−0.2 pp	Mar 2026
AXT, Inc. AXTI	1.7%	+4.3 pp	Jun 2026
InTest Corporation INTT	0.8%	+3.2 pp	Mar 2026
Onto Innovation Inc. ONTO	0.7%	−2.7 pp	Mar 2026
Axcelis Technologies, Inc. ACLS	0.7%	−2.0 pp	Mar 2026
Ultra Clean Holdings, Inc. UCTT	0.7%	−0.1 pp	Mar 2026
Ichor Holdings, Ltd. ICHR	0.2%	+0.3 pp	Mar 2026
Cohu, Inc. COHU	0.0%	+1.8 pp	Jun 2026
Veeco Instruments Inc. VECO	-0.2%	−1.5 pp	Mar 2026
IPG Photonics Corporation IPGP	-0.4%	−0.5 pp	Mar 2026
Aehr Test Systems, Inc. AEHR	-0.7%	+1.9 pp	Jun 2026
Daqo New Energy Corp. DQ	-2.6%	−0.8 pp	Mar 2026
Ambarella, Inc. AMBA	-3.2%	+1.3 pp	Jun 2026
Atomera Incorporated ATOM	-20%	+5.7 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 20216.3%

Mar 20225.0%

Jun 20223.4%

Sep 20227.1%

Dec 20224.7%

Mar 20231.4%

Jun 20231.6%

Sep 20233.3%

Dec 20233.0%

Mar 20241.4%

Jun 20241.6%

Sep 20242.8%

Dec 20242.5%

Mar 20250.6%

Jun 20251.6%

Sep 20252.8%

Dec 20253.1%

Mar 20261.7%

Jun 20263.0%

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 202137%

Mar 202241%

Jun 202242%

Sep 202240%

Dec 202240%

Mar 202338%

Jun 202337%

Sep 202335%

Dec 202333%

Mar 202431%

Jun 202431%

Sep 202430%

Dec 202430%

Mar 202532%

Jun 202533%

Sep 202533%

Dec 202530%

Mar 202628%

Jun 202628%

Sep 202629%

ASML Holding N.V. · ASML

Dec 202134%

Mar 2022—

Jun 202235%

Sep 202236%

Dec 202236%

Mar 2023—

Jun 202344%

Sep 202337%

Dec 202341%

Mar 202434%

Jun 202432%

Sep 202431%

Dec 202432%

Mar 202538%

Jun 202543%

Sep 202543%

Dec 202543%

Mar 202642%

Jun 202645%

Sep 2026—

Camtek Ltd. · CAMT

Dec 20215.3%

Mar 20225.1%

Jun 20225.2%

Sep 20224.9%

Dec 20223.8%

Mar 20232.5%

Jun 20232.5%

Sep 20233.1%

Dec 20232.7%

Mar 20243.4%

Jun 20243.9%

Sep 20244.3%

Dec 20244.3%

Mar 20254.5%

Jun 20254.2%

Sep 20253.5%

Dec 20253.3%

Mar 20262.7%

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 202119%

Mar 2022—

Jun 202221%

Sep 202212%

Dec 20226.7%

Mar 2023—

Jun 20237.0%

Sep 20236.7%

Dec 20236.4%

Mar 20246.7%

Jun 20246.7%

Sep 20246.6%

Dec 20247.2%

Mar 20257.0%

Jun 20256.9%

Sep 20256.8%

Dec 20256.2%

Mar 20266.4%

Jun 20267.1%

Sep 2026—

FormFactor, Inc. · FORM

Dec 20213.8%

Mar 20223.9%

Jun 20223.8%

Sep 20220.5%

Dec 2022-1.8%

Mar 2023—

Jun 20230.0%

Sep 2023-0.1%

Dec 20238.9%

Mar 20242.3%

Jun 20241.9%

Sep 20241.9%

Dec 20240.8%

Mar 20250.3%

Jun 20251.2%

Sep 20251.7%

Dec 20252.2%

Mar 20261.5%

Jun 20265.2%

Sep 2026—

KLA Corporation · KLAC

Dec 202136%

Mar 202237%

Jun 202238%

Sep 202240%

Dec 202241%

Mar 202340%

Jun 202339%

Sep 202337%

Dec 202336%

Mar 202433%

Jun 202434%

Sep 202435%

Dec 202438%

Mar 202541%

Jun 202542%

Sep 202543%

Dec 202542%

Mar 202642%

Jun 202642%

Sep 2026—

Lam Research Corporation · LRCX

Dec 202141%

Mar 202242%

Jun 202243%

Sep 202242%

Dec 202241%

Mar 202340%

Jun 202336%

Sep 202332%

Dec 202328%

Mar 202429%

Jun 202430%

Sep 202432%

Dec 202433%

Mar 202537%

Jun 202540%

Sep 202543%

Dec 202546%

Mar 202648%

Jun 202647%

Sep 2026—

Nova Ltd. · NVMI

Dec 20215.4%

Mar 20226.3%

Jun 20225.9%

Sep 20226.0%

Dec 20225.4%

Mar 20234.9%

Jun 20233.8%

Sep 20234.3%

Dec 20234.1%

Mar 20244.3%

Jun 20245.6%

Sep 20245.7%

Dec 20246.1%

Mar 20256.6%

Jun 20256.3%

Sep 20254.3%

Dec 20253.9%

Mar 20265.6%

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 20223.5%

Jun 20224.0%

Sep 20223.8%

Dec 20223.9%

Mar 2023—

Jun 20231.8%

Sep 20231.5%

Dec 20231.7%

Mar 20242.5%

Jun 20242.8%

Sep 20242.9%

Dec 20242.3%

Mar 20253.4%

Jun 20251.7%

Sep 20251.2%

Dec 2025—

Mar 20260.7%

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20230.0%

Dec 20230.0%

Mar 2024—

Jun 2024—

Sep 20242.1%

Dec 20242.0%

Mar 2025—

Jun 2025—

Sep 20252.4%

Dec 20252.0%

Mar 20264.2%

Jun 20264.3%

Sep 2026—

Teradyne, Inc. · TER

Dec 202111%

Mar 2022—

Jun 20226.3%

Sep 20228.7%

Dec 20228.2%

Mar 2023—

Jun 20233.3%

Sep 20235.2%

Dec 20235.4%

Mar 20242.8%

Jun 20247.3%

Sep 20245.2%

Dec 20245.2%

Mar 20254.1%

Jun 20253.0%

Sep 20254.7%

Dec 20259.5%

Mar 202615%

Jun 202613%

Sep 2026—

ROCE change · reported quarter 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.

Amkor Technology, Inc. · AMKR

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.6 pp

Mar 2023−3.6 pp

Jun 2023−1.8 pp

Sep 2023−3.8 pp

Dec 2023−1.7 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 2024−0.5 pp

Dec 2024−0.5 pp

Mar 2025−0.8 pp

Jun 20250.0 pp

Sep 20250.0 pp

Dec 2025+0.6 pp

Mar 2026+1.1 pp

Jun 2026+1.4 pp

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+2.9 pp

Mar 2023−2.9 pp

Jun 2023−5.2 pp

Sep 2023−5.8 pp

Dec 2023−7.4 pp

Mar 2024−6.3 pp

Jun 2024−6.3 pp

Sep 2024−5.1 pp

Dec 2024−2.5 pp

Mar 2025+0.2 pp

Jun 2025+2.0 pp

Sep 2025+3.3 pp

Dec 2025−0.2 pp

Mar 2026−3.3 pp

Jun 2026−4.4 pp

Sep 2026−3.8 pp

ASML Holding N.V. · ASML

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.8 pp

Mar 2023—

Jun 2023+8.8 pp

Sep 2023+1.5 pp

Dec 2023+5.3 pp

Mar 2024—

Jun 2024−11.8 pp

Sep 2024−5.9 pp

Dec 2024−9.8 pp

Mar 2025+3.6 pp

Jun 2025+11.0 pp

Sep 2025+12.1 pp

Dec 2025+11.4 pp

Mar 2026+4.3 pp

Jun 2026+1.9 pp

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.5 pp

Mar 2023−2.6 pp

Jun 2023−2.7 pp

Sep 2023−1.8 pp

Dec 2023−1.1 pp

Mar 2024+0.9 pp

Jun 2024+1.4 pp

Sep 2024+1.2 pp

Dec 2024+1.6 pp

Mar 2025+1.1 pp

Jun 2025+0.3 pp

Sep 2025−0.8 pp

Dec 2025−1.0 pp

Mar 2026−1.8 pp

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−12.0 pp

Mar 2023—

Jun 2023−14.1 pp

Sep 2023−4.9 pp

Dec 2023−0.3 pp

Mar 2024—

Jun 2024−0.3 pp

Sep 2024−0.1 pp

Dec 2024+0.8 pp

Mar 2025+0.3 pp

Jun 2025+0.2 pp

Sep 2025+0.2 pp

Dec 2025−1.0 pp

Mar 2026−0.6 pp

Jun 2026+0.2 pp

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−5.6 pp

Mar 2023—

Jun 2023−3.8 pp

Sep 2023−0.6 pp

Dec 2023+10.7 pp

Mar 2024—

Jun 2024+1.9 pp

Sep 2024+2.0 pp

Dec 2024−8.1 pp

Mar 2025−2.0 pp

Jun 2025−0.7 pp

Sep 2025−0.2 pp

Dec 2025+1.4 pp

Mar 2026+1.2 pp

Jun 2026+4.0 pp

Sep 2026—

KLA Corporation · KLAC

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+5.1 pp

Mar 2023+3.4 pp

Jun 2023+1.1 pp

Sep 2023−2.9 pp

Dec 2023−4.4 pp

Mar 2024−7.3 pp

Jun 2024−4.9 pp

Sep 2024−1.2 pp

Dec 2024+1.8 pp

Mar 2025+8.0 pp

Jun 2025+8.1 pp

Sep 2025+7.2 pp

Dec 2025+3.8 pp

Mar 2026+0.5 pp

Jun 2026−0.3 pp

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.6 pp

Mar 2023−2.2 pp

Jun 2023−6.3 pp

Sep 2023−9.4 pp

Dec 2023−13.6 pp

Mar 2024−10.6 pp

Jun 2024−6.3 pp

Sep 2024−0.3 pp

Dec 2024+5.5 pp

Mar 2025+7.2 pp

Jun 2025+9.9 pp

Sep 2025+10.5 pp

Dec 2025+12.5 pp

Mar 2026+11.3 pp

Jun 2026+6.7 pp

Sep 2026—

Nova Ltd. · NVMI

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20220.0 pp

Mar 2023−1.4 pp

Jun 2023−2.1 pp

Sep 2023−1.7 pp

Dec 2023−1.3 pp

Mar 2024−0.6 pp

Jun 2024+1.8 pp

Sep 2024+1.4 pp

Dec 2024+2.0 pp

Mar 2025+2.3 pp

Jun 2025+0.7 pp

Sep 2025−1.4 pp

Dec 2025−2.2 pp

Mar 2026−1.0 pp

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023−2.2 pp

Sep 2023−2.3 pp

Dec 2023−2.2 pp

Mar 2024—

Jun 2024+1.0 pp

Sep 2024+1.4 pp

Dec 2024+0.6 pp

Mar 2025+0.9 pp

Jun 2025−1.1 pp

Sep 2025−1.7 pp

Dec 2025—

Mar 2026−2.7 pp

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+2.1 pp

Dec 2024+2.0 pp

Mar 2025—

Jun 2025—

Sep 2025+0.3 pp

Dec 20250.0 pp

Mar 2026—

Jun 2026—

Sep 2026—

Teradyne, Inc. · TER

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−3.0 pp

Mar 2023—

Jun 2023−3.0 pp

Sep 2023−3.5 pp

Dec 2023−2.8 pp

Mar 2024—

Jun 2024+4.0 pp

Sep 20240.0 pp

Dec 2024−0.2 pp

Mar 2025+1.3 pp

Jun 2025−4.3 pp

Sep 2025−0.5 pp

Dec 2025+4.3 pp

Mar 2026+10.5 pp

Jun 2026+9.7 pp

Sep 2026—

09 · compare level, then change

Valuation Against Growth & Quality

Photronics, Inc. has the lowest 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. 13 of 29 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Photronics, Inc. has the lowest comparable PEG at 0.43×, 33.8% below Veeco Instruments Inc.. Only 13 of 29 companies have earnings and growth steady enough for the ratio to mean anything, 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

Coverage13/29 companies · 85 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Photronics, Inc. PLAB0.4

2Veeco Instruments Inc. VECO · older report0.7

3IPG Photonics Corporation IPGP · older report0.7

4ACM Research, Inc. ACMR · older report0.8

5Camtek Ltd. CAMT · older report0.8

P/Elowest P/E

1Aehr Test Systems, Inc. AEHR12.4

2Daqo New Energy Corp. DQ · older report12.5

3Photronics, Inc. PLAB18.2

4Axcelis Technologies, Inc. ACLS · older report29.0

5ACM Research, Inc. ACMR · older report30.0

Valuation · company comparison

13/29 level · 26/29 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
FormFactor, Inc. FORM	4.3	89.6	Jun 2026
KLA Corporation KLAC	4.0	81.6	Jun 2026
ASML Holding N.V. ASML	3.9	57.0	Jun 2026
Nova Ltd. NVMI	2.6	54.2	Mar 2026
Entegris, Inc. ENTG	1.9	80.6	Jun 2026
Lam Research Corporation LRCX	1.7	65.3	Jun 2026
Applied Materials, Inc. AMAT	1.2	45.9	Sep 2026
Axcelis Technologies, Inc. ACLS	1.2	29.0	Mar 2026
Teradyne, Inc. TER	1.0	59.9	Jun 2026
Onto Innovation Inc. ONTO	0.9	59.7	Mar 2026
Camtek Ltd. CAMT	0.8	174.3	Mar 2026
ACM Research, Inc. ACMR	0.8	30.0	Mar 2026
Amkor Technology, Inc. AMKR	0.7	38.7	Jun 2026
IPG Photonics Corporation IPGP	0.7	166.1	Mar 2026
Veeco Instruments Inc. VECO	0.7	89.1	Mar 2026
Photronics, Inc. PLAB	0.4	18.2	Jun 2026
Aehr Test Systems, Inc. AEHR	0.3	12.4	Jun 2026
Daqo New Energy Corp. DQ	0.1	12.5	Mar 2026
Qnity Electronics, Inc. Q	—	58.3	Jun 2026
Kulicke and Soffa Industries, Inc. KLIC	—	61.6	Jun 2026
AXT, Inc. AXTI	—	3,604.0	Jun 2026
Ultra Clean Holdings, Inc. UCTT	—	35.5	Mar 2026
Cohu, Inc. COHU	—	60.0	Jun 2026
Ichor Holdings, Ltd. ICHR	—	48.1	Mar 2026
Amtech Systems, Inc. ASYS	—	68.7	Mar 2026
InTest Corporation INTT	—	341.3	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

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.

ACM Research, Inc. · ACMR

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20240.8

Sep 20240.7

Dec 20240.3

Mar 20250.8

Jun 20250.5

Sep 20250.8

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Amkor Technology, Inc. · AMKR

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20254.7

Mar 20260.7

Jun 2026—

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20231.8

Mar 20241.4

Jun 20241.6

Sep 20241.3

Dec 20243.4

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20261.2

Jun 20261.3

Sep 20261.2

ASML Holding N.V. · ASML

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20251.2

Jun 20250.7

Sep 20250.8

Dec 20251.3

Mar 20262.6

Jun 20263.9

Sep 2026—

Camtek Ltd. · CAMT

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.2

Jun 20232.3

Sep 20233.8

Dec 2023—

Mar 20246.0

Jun 20243.0

Sep 20241.2

Dec 20240.7

Mar 20250.5

Jun 20250.8

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20251.9

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

FormFactor, Inc. · FORM

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20264.3

Jun 2026—

Sep 2026—

KLA Corporation · KLAC

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.8

Jun 20232.0

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20241.3

Mar 20250.6

Jun 20250.6

Sep 20250.7

Dec 20250.8

Mar 20261.4

Jun 20264.0

Sep 2026—

Lam Research Corporation · LRCX

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.1

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20240.8

Mar 20250.6

Jun 20250.5

Sep 20250.6

Dec 20250.8

Mar 20260.8

Jun 20261.7

Sep 2026—

Nova Ltd. · NVMI

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.0

Jun 20232.7

Sep 20233.9

Dec 2023—

Mar 2024—

Jun 20244.0

Sep 20241.5

Dec 20241.0

Mar 20250.5

Jun 20250.7

Sep 20251.0

Dec 20251.0

Mar 20262.6

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.9

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

Teradyne, Inc. · TER

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.5

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20261.0

Jun 2026—

Sep 2026—

P/E · reported quarter history

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.

Amkor Technology, Inc. · AMKR

Dec 20219.5

Mar 20227.7

Jun 20226.0

Sep 20225.1

Dec 20227.7

Mar 202310.0

Jun 202312.7

Sep 202313.7

Dec 202322.8

Mar 202421.2

Jun 202426.2

Sep 202420.7

Dec 202418.0

Mar 202514.1

Jun 202517.1

Sep 202522.7

Dec 202526.3

Mar 202625.7

Jun 202638.7

Sep 2026—

Applied Materials, Inc. · AMAT

Dec 202121.0

Mar 202218.0

Jun 202214.4

Sep 202213.9

Dec 202211.8

Mar 202314.7

Jun 202314.7

Sep 202319.8

Dec 202316.0

Mar 202419.4

Jun 202423.1

Sep 202423.0

Dec 202421.4

Mar 202523.9

Jun 202518.2

Sep 202521.8

Dec 202526.0

Mar 202632.6

Jun 202638.9

Sep 202645.9

ASML Holding N.V. · ASML

Dec 202147.5

Mar 2022—

Jun 202246.6

Sep 202230.6

Dec 202231.0

Mar 2023—

Jun 202335.8

Sep 202335.3

Dec 202329.0

Mar 202449.4

Jun 202456.2

Sep 202443.0

Dec 202435.2

Mar 202528.1

Jun 202528.2

Sep 202533.3

Dec 202537.0

Mar 202644.1

Jun 202657.0

Sep 2026—

Camtek Ltd. · CAMT

Dec 202134.4

Mar 202221.3

Jun 202216.8

Sep 202215.5

Dec 202213.1

Mar 202317.3

Jun 202322.0

Sep 202337.7

Dec 202342.6

Mar 202447.3

Jun 202463.9

Sep 202437.0

Dec 202433.4

Mar 202522.6

Jun 202531.1

Sep 2025116.7

Dec 2025102.3

Mar 2026174.3

Jun 2026—

Sep 2026—

Entegris, Inc. · ENTG

Dec 202144.9

Mar 2022—

Jun 202237.7

Sep 202226.1

Dec 202246.8

Mar 2023—

Jun 2023—

Sep 2023178.0

Dec 202399.6

Mar 202467.4

Jun 2024110.9

Sep 202475.9

Dec 202451.1

Mar 202543.3

Jun 202542.2

Sep 202548.9

Dec 202554.2

Mar 202665.3

Jun 202680.6

Sep 2026—

FormFactor, Inc. · FORM

Dec 202142.0

Mar 202236.0

Jun 202229.3

Sep 202222.8

Dec 202234.2

Mar 2023—

Jun 2023113.8

Sep 2023—

Dec 202339.7

Mar 202434.6

Jun 202438.8

Sep 202426.6

Dec 202451.6

Mar 202541.5

Jun 202562.3

Sep 202567.9

Dec 202584.1

Mar 2026112.6

Jun 202689.6

Sep 2026—

KLA Corporation · KLAC

Dec 202121.8

Mar 202217.5

Jun 202214.3

Sep 202213.1

Dec 202215.1

Mar 202315.8

Jun 202319.6

Sep 202320.2

Dec 202329.3

Mar 202436.2

Jun 202440.2

Sep 202435.0

Dec 202426.3

Mar 202524.5

Jun 202529.2

Sep 202533.5

Dec 202535.0

Mar 202641.3

Jun 202681.6

Sep 2026—

Lam Research Corporation · LRCX

Dec 202121.4

Mar 202217.0

Jun 202213.6

Sep 202210.8

Dec 202211.0

Mar 202313.8

Jun 202318.1

Sep 202320.7

Dec 202329.7

Mar 202435.3

Jun 202436.4

Sep 202426.4

Dec 202422.0

Mar 202520.0

Jun 202523.2

Sep 202527.9

Dec 202536.0

Mar 202639.4

Jun 202665.3

Sep 2026—

Nova Ltd. · NVMI

Dec 202147.0

Mar 202230.3

Jun 202222.6

Sep 202221.4

Dec 202218.4

Mar 202323.5

Jun 202327.3

Sep 202326.4

Dec 202332.1

Mar 202440.7

Jun 202448.7

Sep 202438.9

Dec 202434.3

Mar 202527.8

Jun 202537.4

Sep 202541.8

Dec 202541.3

Mar 202654.2

Jun 2026—

Sep 2026—

Onto Innovation Inc. · ONTO

Dec 2021—

Mar 202235.4

Jun 202224.6

Sep 202216.5

Dec 202215.7

Mar 2023—

Jun 202321.9

Sep 202333.2

Dec 202362.2

Mar 202464.4

Jun 202465.5

Sep 202458.4

Dec 202442.0

Mar 202527.6

Jun 202524.5

Sep 202536.0

Dec 2025—

Mar 202659.7

Jun 2026—

Sep 2026—

Qnity Electronics, Inc. · Q

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202524.7

Mar 202637.1

Jun 202658.3

Sep 2026—

Teradyne, Inc. · TER

Dec 202120.6

Mar 2022—

Jun 202221.8

Sep 202218.1

Dec 202216.9

Mar 2023—

Jun 202328.3

Sep 202333.0

Dec 202332.9

Mar 202442.9

Jun 202448.8

Sep 202442.7

Dec 202437.9

Mar 202523.4

Jun 202531.3

Sep 202549.2

Dec 202555.8

Mar 202654.7

Jun 202659.9

Sep 2026—

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Semiconductor Equipment & Materials comparison names 5 specific ways its own evidence can mislead, all listed below. 13 of the 29 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 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.
13 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.

11 · evidence and freshness

How was this comparison built?

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 Sep 2026 and market data through 2026-09-16. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Sep 2026 · up to 20 quarters per company

Market dataThrough 2026-09-16 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

12 · questions investors ask, short speakable answers

Semiconductor Equipment & Materials company comparison FAQs

These 22 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 Sep 2026. Price and relative-strength answers run through 2026-09-16. Nothing here is estimated, and none of it is a recommendation.

Is the Semiconductor Equipment & Materials sector outperforming S&P 500?

Which Semiconductor Equipment & Materials company is largest by revenue?

ASML Holding N.V. leads with revenue of $35,328 million, based on 20 of 29 comparable companies through Jun 2026.

Which Semiconductor Equipment & Materials company is growing fastest?

Teradyne, Inc. has the fastest current revenue growth at 57.8%, across 20 of 29 comparable companies.

Which Semiconductor Equipment & Materials company has the strongest 4-Factor Sector Score?

Teradyne, Inc. ranks first at 78.1/100 with 81.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Semiconductor Equipment & Materials company has the lowest comparable PEG?

Photronics, Inc. has the lowest comparable PEG at 0.43, among 13 of 29 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Semiconductor Equipment & Materials comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 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.

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 $30,837 million. That covers 20 of 29 companies with comparable reporting through Jun 2026.

Which Semiconductor Equipment & Materials company has the best profit margins?

KLA Corporation has the highest operating margin at 42.5%, from 27 of 29 comparable companies. Atomera Incorporated shows the biggest improvement (+79084.1 percentage points — see the chart above for the starting level). 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 $10,640 million of trailing-twelve-month net profit, from 21 of 29 comparable companies. Teradyne, Inc. has the fastest profit growth at the ≥100% scoring cap, 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?

Lam Research Corporation leads on return on capital employed at 46.6%, 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 PEG — where a LOWER number is cheaper — Photronics, Inc. screens cheapest at 0.43×. Only 13 of 29 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Semiconductor Equipment & Materials sector beating the market?

Semiconductor Equipment & Materials has outperformed S&P 500 by 81.9% over the last 52 weeks and 33.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 15 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?

Trio-Tech International 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 78.1 out of 100 with 81.1% evidence confidence, from 30.9 points on growth and earnings, 17.4 on capital efficiency, 12.2 on valuation and 17.6 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, ending Sep 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 $1,687,724 million of combined market value. ASML Holding N.V. is the largest at $618,755 million, about 37% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-16.

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 59.9×, 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 2026-09-16.

How is the Semiconductor Equipment & Materials sector performing?

15 of the 28 covered Semiconductor Equipment & Materials companies are beating S&P 500 on Mansfield relative strength. The sector itself is 81.9% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-16.

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 Sep 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.

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