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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies100
  • 7D4.0%
  • 3M12.1%
  • 1Y65.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 4.0%, driven by gains from Keysight Technologies of 4.4%. Meanwhile, nLIGHT actually underperformed within the industry, shrinking 6.5% in the last week. This takes the industry's 12 month performance to a gain of 66%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Instruments Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$159.8bUS$37.7bUS$1.6b32.3x97.4x4.2x
Tue, 03 Mar 2026US$171.3bUS$37.6bUS$1.6b31.4x106.4x4.6x
Thu, 29 Jan 2026US$150.5bUS$36.8bUS$2.9b30.3x51x4.1x
Sat, 27 Dec 2025US$161.9bUS$40.3bUS$3.1b29.9x51.8x4x
Mon, 24 Nov 2025US$147.5bUS$40.1bUS$2.8b27.3x52.6x3.7x
Wed, 22 Oct 2025US$162.3bUS$39.6bUS$2.7b28.4x61.2x4.1x
Fri, 19 Sep 2025US$160.7bUS$40.0bUS$2.6b27.3x62.8x4x
Sun, 17 Aug 2025US$157.4bUS$39.8bUS$2.7b25.4x57.8x4x
Tue, 15 Jul 2025US$157.2bUS$37.7bUS$3.6b26.2x43.2x4.2x
Thu, 12 Jun 2025US$144.5bUS$37.7bUS$3.6b27.1x40.1x3.8x
Sat, 10 May 2025US$131.4bUS$37.5bUS$3.5b25.6x37.2x3.5x
Mon, 07 Apr 2025US$111.9bUS$37.2bUS$3.6b19.9x31.4x3x
Wed, 05 Mar 2025US$137.4bUS$37.4bUS$3.6b23.9x38x3.7x
Fri, 31 Jan 2025US$150.0bUS$37.0bUS$3.3b26.9x44.8x4.1x
Sun, 29 Dec 2024US$144.7bUS$36.9bUS$3.4b25.8x42.4x3.9x
Tue, 26 Nov 2024US$147.9bUS$36.8bUS$3.4b29.1x43.5x4x
Thu, 24 Oct 2024US$135.0bUS$36.6bUS$3.6b29.2x37.7x3.7x
Sat, 21 Sep 2024US$134.1bUS$36.6bUS$3.5b26.6x38x3.7x
Mon, 19 Aug 2024US$127.4bUS$36.7bUS$3.6b22.7x35.9x3.5x
Wed, 17 Jul 2024US$134.2bUS$37.7bUS$2.2b28.2x60.4x3.6x
Fri, 14 Jun 2024US$127.4bUS$37.7bUS$2.2b25.8x56.9x3.4x
Sun, 12 May 2024US$129.9bUS$37.9bUS$2.4b27.8x54x3.4x
Tue, 09 Apr 2024US$130.2bUS$37.8bUS$2.3b28.3x57x3.4x
Thu, 07 Mar 2024US$129.4bUS$38.0bUS$2.3b26.2x57.1x3.4x
Sat, 03 Feb 2024US$131.7bUS$41.7bUS$2.4b25.6x53.8x3.2x
Mon, 01 Jan 2024US$135.5bUS$41.6bUS$2.3b26.5x58.3x3.3x
Wed, 29 Nov 2023US$120.1bUS$41.6bUS$2.3b22.5x52x2.9x
Fri, 27 Oct 2023US$110.3bUS$42.0bUS$2.4b18.7x45.8x2.6x
Sun, 24 Sep 2023US$121.1bUS$42.0bUS$2.4b19.3x50.9x2.9x
Tue, 22 Aug 2023US$126.4bUS$41.8bUS$2.3b22.2x53.8x3x
Thu, 20 Jul 2023US$138.3bUS$41.4bUS$2.2b24.3x63.2x3.3x
Sat, 17 Jun 2023US$133.2bUS$41.4bUS$2.2b24.8x61.1x3.2x
Mon, 15 May 2023US$122.8bUS$40.5bUS$2.0b24.2x62.8x3x
Wed, 12 Apr 2023US$125.5bUS$40.3bUS$2.5b26.1x50.6x3.1x
Price to Earnings Ratio

50.6x


Total Market Cap: US$125.5bTotal Earnings: US$2.5bTotal Revenue: US$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 52.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Electronic Equipment and Instruments industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 97.4x which is higher than its 3-year average PE of 52.8x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Electronic Equipment and Instruments compare with similar industries?

US Market3.46%
Tech4.66%
Electronic Equipment and Components4.74%
Electronic Equipment and Instruments3.96%
Technology Distributors8.04%
Electronic Components5.42%
Electronic Manufacturing Services2.98%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KEYS Keysight TechnologiesUS$291.244.4%
+US$2.1b		129.3%PE50.9x
TDY Teledyne TechnologiesUS$623.135.0%
+US$1.4b		42.7%PE32.3x
AEIS Advanced Energy IndustriesUS$332.316.9%
+US$813.5m		320.5%PE84x
BMI Badger MeterUS$156.737.5%
+US$318.7m		-9.3%PE32.3x
MIR Mirion TechnologiesUS$19.006.2%
+US$266.4m		49.6%PE161.2x

Latest News

MIR
US$19.00
Mirion Technologies
7D
6.2%
1Y
49.6%
KEYS
US$291.24
Keysight Technologies
7D
4.4%
1Y
129.3%
ACFN
US$17.20
Acorn Energy
7D
-8.0%
1Y
22.8%
BMI
US$156.73
Badger Meter
7D
7.5%
1Y
-9.3%

BMI: Premium P/E And Utility Funding Constraints Will Pressure Future Returns

Badger Meter's updated analyst price target has been reset to $136, reflecting mixed recent research in which several firms trimmed their targets, while others highlighted steady revenue growth, margin expectations, and valuation assumptions that now point to a slightly lower future P/E multiple. Analyst Commentary The latest research around Badger Meter reflects a split view, with one recent upgrade contrasted against a cluster of price target cuts and at least one downgrade.
LIDR
US$1.83
AEye
7D
-1.1%
1Y
259.5%
TDY
US$623.13
Teledyne Technologies
7D
5.0%
1Y
42.7%
CGNX
US$49.17
Cognex
7D
3.3%
1Y
97.1%

CGNX: Margin Discipline And Buybacks Will Support Premium Multiple In Industrial Recovery

Analyst price targets on Cognex have moved higher, with the updated fair value estimate holding at $65.50. Analysts point to margin improvement, cost initiatives, a recovering short cycle industrial group, and steadier segment trends as key supports for the new targets.
LASR
US$60.12
nLIGHT
7D
-6.5%
1Y
805.4%

LASR: Directed Energy Defense Focus And Vertical Integration Will Drive Future Returns

Narrative Update The analyst price target for nLIGHT has shifted meaningfully higher, with analysts pointing to market tailwinds in directed energy, vertical integration across the laser stack, and recent steps toward becoming a pure play, defense-focused laser provider as key drivers of their updated views. Analyst Commentary Recent Street research on nLIGHT has tilted clearly bullish, with multiple firms lifting price targets and initiating with positive ratings tied to the company’s focus on directed energy, its vertical integration, and progress toward a pure play defense profile.
AEIS
US$332.31
Advanced Energy Industries
7D
6.9%
1Y
320.5%

AEIS: The Power Architect of the AI and Chip Supercycle

Advanced Energy Industries, Inc. (AEIS) is currently undergoing a massive structural re-rating as it transforms from a cyclical industrial supplier into a critical infrastructure provider for the AI data center and next-generation semiconductor markets.
OSIS
US$268.11
OSI Systems
7D
-1.5%
1Y
53.7%

OSIS: Order Pacing And Security Contract Wins Will Guide Measured Future Upside

Narrative Update Analysts have lifted their blended price target on OSI Systems by $7, supported by recent research highlighting steady mid year progress and refreshed views on valuation and order pacing. Analyst Commentary Recent Street research on OSI Systems centers on refreshed price targets, views on mid year execution, and how current order activity feeds into valuation assumptions.
SOTK
US$4.01
Sono-Tek
7D
-2.2%
1Y
13.0%

SOTK: Medical Device Orders And Diamond Collaboration Will Support Future Upside

Analysts have lifted their price target on Sono-Tek from $6.38 to $6.75, reflecting updated views on fair value and a slightly higher assumed future P/E multiple in their models. What's in the News Sono-Tek announced a technical collaboration with Diamond Quanta to integrate its precision ultrasonic coating systems into Diamond Quanta’s engineered diamond-on-glass and engineered-diamond materials manufacturing workflow, aiming to support repeatable thin-film deposition and multilayer integration across semiconductor, optics, thermal, and quantum applications (Key Developments).
NOVT
US$117.04
Novanta
7D
3.4%
1Y
12.4%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their price target on Novanta to $150 from $138, citing updated Q4 models that suggest the company may be positioned for faster sales growth and margin expansion. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target to $150 as a sign that updated Q4 assumptions support a higher valuation range for the shares.
RAL
US$42.00
Ralliant
7D
5.2%
1Y
n/a
CXT
US$40.19
Crane NXT
7D
-2.3%
1Y
-10.7%
TROO
US$2.26
TROOPS
7D
-3.8%
1Y
242.4%
FCUV
US$3.34
Focus Universal
7D
-12.8%
1Y
-90.1%