AI and Chip Stocks: P/E Ratios and EPS Estimates 2026
Full research prompt
For Micron, SK Hynix, Samsung, Nvidia, Broadcom, TSMC, Celestica, Amazon, Alphabet, Microsoft and Meta, collect the latest share price with its date, year-to-date change, forward P/E, and consensus EPS estimates for every published year (through 2028 or later). Use public sources such as company IR pages, Bloomberg or Reuters summaries, Yahoo Finance, and MarketScreener, and note any currency or fiscal-year differences. Output a dated data table, flag where consensus is thin or stale, and label every figure as a publicly reported estimate.
From When Will AI Capex Peak? What Chip Stock Prices Imply, November 2026
All figures below are publicly reported market data or sell-side consensus estimates, not company-reported results unless labeled “actual” or “company guidance.” Snapshot date is 9 November 2026 U.S. close (Korean ordinary shares: 9 November 2026 KRX close). Korean won figures are converted at 1 USD = 1,352.90 KRW (9 November 2026 reference rate). Forward P/E definitions differ by vendor (next fiscal year vs next-twelve-months); where sources disagree, the range is shown.
Dated snapshot table
| Company (listing) | Price (9 Nov 2026) | YTD | Forward P/E | Consensus EPS (public estimates) | Coverage / flags |
|---|---|---|---|---|---|
| Micron (MU, USD) | $733.15 | +157.1% | 4.15 | FY2027 (Aug): $176.50 (36); FY2028 (Aug): $207.76 (36). FY2026 actual used as base: $75.52 | Thick through FY2028. FY2029+ exists but only 11 analysts on Seeking Alpha and the number is paywalled — treat as thin |
| SK Hynix (000660.KS) | $839.68 (₩1,136,000) | +74.5% | 2.19–2.27 | CY2026: $265.11 (₩358,672, 38); CY2027: $389.65 (₩527,157, 38) | 2026–27 thick. No free 2028 street print found. FnGuide’s lower 2026–28 set looks stale vs current Yahoo |
| Samsung Electronics (005930.KS) | $140.36 (₩189,900) | +61.6% | 2.67 | CY2026: $34.11 (₩46,148, 28); CY2027: $56.17 (₩75,994, 33) | 2026–27 usable. 2028 consensus not in free Yahoo. Do not use single-broker models as “the Street” |
| Nvidia (NVDA, USD) | $178.67 | −4.0% | 11.2–14.8 | FY2027 (Jan): $9.31 (51); FY2028 (Jan): $15.91 (52) | Thick. Forward P/E depends on year: $178.67 / $9.31 = 19.2x current FY; / $15.91 = 11.2x next FY. StockAnalysis prints 14.75 (likely NTM) |
| Broadcom (AVGO, USD) | $319.48 | −7.7% | 16.4–18.4 | FY2026 (Oct/Nov): $11.67 (48); FY2027: $19.47 (48) | FY2026–27 thick. No free annual FY2028 consensus. Quarterly averages sum to about $30.2, but each quarter has only 11–21 analysts — thin. Management has said FY2028 EPS should exceed $30 (company guide, not consensus) |
| TSMC ADR (TSM, USD) | $388.62 | +27.9% | 16.6 | CY2026: $17.50 (11); CY2027: $23.39 (13). A TradingView-sourced feed (8 Nov) shows CY2028 $29.45 | EPS coverage is thin (11–13) even though revenue coverage is ~40. Yahoo revenue estimates are in TWD; ADR EPS is in USD. 2028 is a secondary feed, not Yahoo |
| Celestica (CLS, USD) | $222.92 | −24.6% | 10.0–12.3 | CY2026: $11.56 (21). CY2027 annual consensus blank on Yahoo | 2027 street EPS is missing/thin. Company guidance (not consensus): $21.50 adjusted EPS on $40B revenue. GuruFocus forward P/E 10.04 vs StockAnalysis 12.26 |
| Amazon (AMZN, USD) | $266.93 | +15.6% | 24.5–27.0 | CY2026: $12.80 (53); CY2027: $10.67 (57). Markets Insider extends CY2028 $14.63, CY2029 $18.10, CY2030 $22.53 (analyst counts not shown) | 2026–27 thick. 2026 GAAP is inflated by investment gains (Q2 surprise +215%). Normalized 2028 cited elsewhere near $13.37, below the GAAP Markets Insider figure. 2028+ should be treated as thinner |
| Alphabet (GOOGL, USD) | $288.15 | −7.8% | 14.6–20.9 | Yahoo GAAP: CY2026 $19.53 (45); CY2027 $14.95 (51). A separate Nov feed shows CY2026 avg $11.54 (43), which looks normalized | Do not mix GAAP and normalized. Q2 2026 actual $9.11 vs ~$2.90 expected is a one-time spike. MarketScreener’s 2026–28 EPS page is dated 31 Aug 2026 and is stale. Forward P/E swings with the EPS definition |
| Microsoft (MSFT, USD) | $545.18 | +12.7% price / +13.4% total | 22.5–26.3 | FY2027 (Jun): $20.01 (32); FY2028 (Jun): $24.20 (33). Markets Insider: FY2029 $29.61, FY2030 $34.18, FY2031 $46.31 | FY2027–28 solid (30+). FY2029–31 analyst counts not disclosed in the free table — treat outer years as thinner |
| Meta (META, USD) | $641.37 | −2.6% | 19.5 | CY2026: $29.12 (55); CY2027: $33.97 (56) | Thick through 2027. No free annual 2028 EPS on Yahoo. Recent quarters missed (Q2 −14%, Q3 −29%), and the 2026 estimate has been cut from ~$31.8 ninety days ago |
Sources for the table: Yahoo Finance quotes and analysis pages, StockAnalysis, MarketScreener, MetaCap, financecharts / Investment Visual, GuruFocus, Markets Insider, and the 9 November USD/KRW reference rate.
How to read the multiples
The memory names are the valuation outlier, and the mechanism is the estimate revision, not a cheap multiple on last year’s earnings. Micron’s published FY2027 consensus is $176.50 versus a FY2026 base of $75.52, so a 4.15x “forward” P/E is price divided by an earnings year that is more than double the year just reported. SK Hynix and Samsung sit in the same setup: Yahoo’s next-year EPS is 47% and 65% above the current-year estimate, and both trade at about 2–3x that next year. Those multiples only look extreme if the 2027 numbers survive. They are consensus, not guidance, and memory consensus has been revised up sharply in the last 90 days (Micron’s FY2027 estimate moved from about $154 ninety days ago to $176.50).
Hyperscaler and foundry multiples are ordinary once the year label is fixed. Nvidia at $178.67 is 19x the FY2027 consensus of $9.31 and 11x FY2028’s $15.91; vendors printing 11x, 15x, or 25x are not disagreeing about the stock so much as about which earnings year “forward” means. Broadcom’s 16–18x band is price over FY2027’s $19.47. TSMC’s 16.6x matches $388.62 / $23.39. Amazon and Alphabet look expensive on forward P/E only if 2027 is used after a 2026 year stuffed with mark-to-market gains: Amazon’s published consensus falls from $12.80 to $10.67, and Alphabet’s Yahoo GAAP consensus falls from $19.53 to $14.95.
Fiscal year and currency traps
- Micron: fiscal year ends late August. “2027” on Yahoo is the year ending August 2027, not calendar 2027.
- Nvidia: fiscal year ends late January. Yahoo “current year (2027)” is the year ending January 2027. The next earnings date on the quote page is 17 November 2026.
- Broadcom: fiscal year ends early November. Yahoo “current year (2026)” is the year ending around November 2026; earnings date shown as 9 December 2026.
- Microsoft: fiscal year ends 30 June. Yahoo “current year (2027)” is FY2027, already underway (Q1 FY2027 has been reported).
- SK Hynix and Samsung: calendar year, December year-end, KRW on the primary listing. EPS above is converted; the raw consensus is in won. Prices moved again on 10 November while the KRX was open (Samsung was around ₩197,500 intraday versus the ₩189,900 prior close), so a same-day comparison with U.S. closes will not match.
- TSMC: figures are for the NYSE ADR in USD. Yahoo’s revenue consensus on the same page is in TWD (2026 avg TWD 5.58 trillion, 40 analysts) while EPS is in USD. Do not divide a USD price by a TWD EPS.
- Celestica: calendar year, USD, NYSE listing of a Canadian company. Adjusted EPS is what the Street and the company guide; GAAP and adjusted diverge.
Where consensus is thin, stale, or not really consensus
Three gaps matter more than the rest.
TSMC’s EPS sample is small. Eleven analysts on 2026 EPS and thirteen on 2027, against about forty on revenue. The USD EPS number is usable but easier to move than Micron’s or Nvidia’s. The $29.45 2028 figure is from a TradingView consensus feed dated 8 November, not from the Yahoo table, and Seeking Alpha shows a 2028 column with only 10 analysts and the value behind a paywall.
Celestica’s 2027 number in circulation is company guidance, not a street average. Yahoo’s annual 2027 EPS cell is blank. Management has guided $21.50 adjusted EPS and $40 billion of revenue. Using that as “consensus” overstates how settled the Street is, especially after the stock’s −24.6% YTD and a 2026 free-cash-flow guide that was cut.
Alphabet and Amazon 2026 EPS are not clean run-rates. Both had enormous positive surprises in mid-2026 (Alphabet Q2 actual $9.11 vs $2.90 expected; Amazon Q2 $5.75 vs $1.82). Yahoo’s 2026 averages embed those gains, which is why 2027 consensus is lower. A November feed that shows Alphabet 2026 EPS near $11.54 is a different definition. MarketScreener’s Alphabet forecast page, last stamped 31 August 2026, should not be used as current.
Also thin or not independently confirmed in free sources: Micron FY2029 (11 analysts, number not public on the page reviewed); Broadcom FY2028 as an annual figure; SK Hynix and Samsung 2028; Meta 2028; Microsoft FY2029–FY2031 analyst counts.
What the cross-section implies
The tape on 9 November split the AI complex in half. Memory and the foundry were still up huge year to date — Micron +157%, SK Hynix +75%, Samsung +62%, TSMC +28% — while the designers and the buyers were flat to down: Nvidia −4%, Broadcom −8%, Celestica −25%, Alphabet −8%, Meta −3%, with Microsoft and Amazon only modestly positive. That is not a uniform “AI multiple.” It is the market paying up for the bottleneck (HBM, DRAM, leading-edge wafers) and marking down names where 2026 earnings already include one-time gains or where the next leg of EPS depends on capex that has not yet been earned.
For anyone underwriting these names off this table, the comparable number is next fiscal year’s consensus EPS divided into the 9 November close, with the year-end month written down, and with Amazon and Alphabet restated on a normalized basis before any multiple is compared with Micron or Nvidia. A 4x Micron forward P/E and a 20x Alphabet forward P/E are not the same kind of statistic.
Recent Findings Supplement (November 2026)
As of early-to-mid November 2026 (data primarily from Nov 9–10, 2026 closes or latest available quotes on Yahoo Finance, MarketWatch, and related analyst aggregates), semiconductor and AI-related stocks show significant volatility and elevated valuations driven by AI demand, with updated consensus EPS estimates reflecting strong growth through 2028.[1][2][3]
Data below draws exclusively from sources published after May 10, 2026. All figures are labeled as publicly reported analyst consensus estimates or market data (e.g., from Yahoo Finance, MarketWatch, or company aggregates); later-year estimates (2028+) often have thinner coverage or wider ranges. Fiscal years vary (e.g., MU fiscal ends August/September; NVDA ends January). Currencies noted where non-USD. YTD changes are approximate based on reported performance vs. S&P 500 benchmarks in sources. Forward P/E is typically next-12-months or fiscal-year forward where specified.
Key recent context (post-May 2026 updates): Analyst EPS revisions have been sharply upward for memory/AI chip firms amid record revenues and margins (e.g., MU Q4 FY2026 results showed massive YoY jumps). Tech giants (AMZN, GOOGL, MSFT, META) have more stable but still growing estimates tied to cloud/AI capex. Consensus for 2028+ is often less dense or shows moderating growth rates.[4][5]
Semiconductor/Memory Companies (MU, SK Hynix, Samsung, NVDA, AVGO, TSM, CLS)
- Micron (MU, USD): Latest price ~$690–$795 range (e.g., ~$733 close Nov 9 per MarketWatch; volatile with sessions around $795 earlier in Nov). YTD return ~142% (as of ~Nov 6). Forward P/E ~4.8–5.1x (deep discount to growth). Consensus EPS: FY2026 ~73.85 (largely actual/reported); FY2027 ~175.61 (range ~140–219); FY2028 ~211.13 (range ~146–336); FY2029 ~217.90. Strong upward revisions post-Q4 results; fiscal year ends ~Aug/Sep.[1][5]
- SK Hynix (000660.KS, KRW; ADR SKHY in USD): Latest price ~1,202,000 KRW (~Nov 10). Forward P/E ~2.3–3.6x. Consensus EPS (KRW): 2026 ~308,665 (high growth from prior ~59k); 2027 ~434,696–547k range across sources; 2028 ~433k–570k. Massive YoY jumps expected; strong buy consensus with high targets.[6][7]
- Samsung Electronics (005930.KS, KRW): Latest price ~198,200 KRW (recent session). Consensus EPS (KRW, per Yahoo aggregates): 2026 ~47,639; 2027 ~72k–77k. Revenue estimates also sharply higher (2026 ~700T+ KRW). HBM/memory strength cited in updates.[8]
- Nvidia (NVDA, USD): Latest price ~$178.67 (Nov 9 close). YTD ~4%. Forward P/E ~12–21x (sources vary; e.g., 11.81x or ~21.5x in recent commentary). Consensus EPS: Current year (FY2026/27) ~4.69; next year (FY2027/28) ~7.46; TTM ~7.57–7.91. Pre-earnings (Nov 17) updates note potential beats; forward multiples compressed recently.[2][9]
- Broadcom (AVGO, USD): Latest price $319.48 (Nov 9 close). YTD ~7% or slightly negative per some reports (~7.18% in one overview). Forward P/E ~16.4–18.4x. Consensus EPS: 2026 ~11.68; 2027 ~19.32; 2028 ~30.66. Strong analyst targets (~$530 avg).[10][11]
- TSMC (TSM, USD ADR): Latest price ~$388.73 (Nov 9). Consensus EPS (USD): 2026 ~17.07–17.18; 2027 ~22.44–23.12; 2028 ~29.45. Revenue growth projected 40%+ in 2026–27 per some models; Bernstein raised targets citing ASIC/CPU demand.[3][12]
- Celestica (CLS, USD): Limited specific post-May 2026 consensus details in results; generally tracks EMS peers with AI/server exposure. Recent analyst focus on supply chain beneficiaries implies upward EPS pressure, but coverage thinner than peers—flag as potentially stale or sparse for 2027–28.
Hyperscalers (AMZN, GOOGL, MSFT, META)
These show steadier (but still AI-boosted) growth. Specific latest prices/YTD/forward P/E/EPS not detailed in the most recent targeted results above, but general patterns from cross-referenced coverage indicate forward P/Es in the 15–28x range, with EPS estimates for 2026–2028 reflecting continued cloud/AI revenue expansion (e.g., double-digit growth tapering in outer years). Consensus tends to be denser for these names through 2027 but thinner for 2028+. Check latest Yahoo/MarketWatch for exact Nov 2026 quotes (e.g., AMZN/MSFT/META typically trade with moderate YTD gains vs. semis).[13]
Notes on data rigor and limitations: All values are aggregates from public sources (Yahoo Finance analysis pages, MarketWatch estimates, Reuters/Bloomberg summaries referenced in articles) as of Nov 2026 publications. EPS consensus often shows recent upward revisions (e.g., MU 2027 estimates rising month-over-month). Later years (2028+) frequently have fewer analysts or wider high/low ranges—flagged as thinner/staler where applicable. Exchange rates apply for KRW figures (convert at prevailing rates for USD equivalents). Fiscal/calendar year differences noted; always verify latest on IR pages or terminals for real-time updates. No single source had complete data for all 11 tickers in one view.[1][8]
This represents the most recent publicly available consensus snapshots; markets move quickly, and pre-earnings periods (e.g., NVDA Nov 17) can shift estimates rapidly.