--- title: "Power Semiconductors Industry: Companies" description: "60 SEC filers are classified under the Standard Industrial Classification code that describes the power semiconductors industry." canonical: https://www.getswoopr.com/stocks/industries/information-technology/power-semiconductors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Power Semiconductors Industry ## Direct Answer 60 SEC filers are classified under the Standard Industrial Classification code that describes the power semiconductors industry, and their latest annual reports show $542.8 billion of combined revenue and a median operating margin of -2.3%. Investors should still evaluate its revenue model, industry-specific KPIs, valuation framework and the risks that can change the group's economics. ## Industry Overview Power semiconductor makers produce chips that switch and convert electrical power in vehicles, chargers, data centers and industrial equipment. Silicon carbide and gallium nitride are growing, and automotive electrification drives demand. The first numbers to compare across companies here are revenue by end market, design wins and backlog and gross margin. ## Key Industry Metrics - **Revenue by end market**: Sales divided among cars, chargers, industrial and data center uses. It shows which markets drive growth and how exposed results are to vehicle production. - **Design wins and backlog**: Customer selections for future designs and orders not yet shipped. Wins convert to revenue over years, so backlog and wins indicate future share. - **Gross margin**: Revenue left after wafers, assembly and test. Wide-bandgap parts can earn more, while price competition and underused fabs reduce margin. - **Wafer capacity**: The ability to produce power chips, including silicon carbide wafers. New capacity supports growth but weighs on margin until filled, so compare it with demand. - **Automotive share**: The portion of revenue from vehicle customers. A high share ties results to vehicle production and electrification, adding growth but also cyclical exposure. ## Primary Macro Drivers - **EV and charging demand**: Each electric vehicle and charger contains power switching devices, so vehicle output and charging buildouts drive revenue and automotive share. - **Data center power efficiency**: Servers and power supplies that waste less energy use more advanced power devices, adding demand and higher content per rack. - **Industrial electrification**: Motor drives, grids and automation equipment use power devices, adding orders from sectors less tied to auto cycles. - **Wide-bandgap adoption**: Silicon carbide and gallium nitride carry higher price and efficiency than silicon, raising revenue per device but requiring wafer capacity and spending. ## Major Risks - **Auto cycle exposure**: A large share of revenue ties to vehicle programs, so production cuts hit revenue and backlog; watch automotive share and design win conversion. - **Price competition from China**: Local suppliers expanding in these devices push prices down, compressing gross margin; watch average selling price, utilization and share loss. - **Capital spending**: New wafer lines for advanced materials cost heavily before orders arrive, so weak demand strands capacity; watch capex against backlog and utilization. - **Inventory corrections**: Customers that overbought pause orders until stock clears, causing sharp revenue drops; watch inventory days at the company and customers. ## Industry Characteristics | Characteristic | Profile | | --- | --- | | Cyclicality | Cyclical | | Capital Intensity | High | | Regulatory Intensity | Low | | Industry Maturity | Growth | | Geographic Importance | Global | ## Power Semiconductors Filers in the SEC Record 60 companies with annual reports in the dataset are classified by the SEC in the Standard Industrial Classification code 3674. Their latest fiscal years end between 2025 and 2026, and together they reported $542.8 billion of revenue. Median revenue growth over the prior year was 20.3%. Median operating margin was -2.3% and median net margin -1.7%. Median total liabilities were 34% of total assets, and 27 of 60 reported a profit in their latest year. | Company | Revenue | Growth | Operating margin | Net margin | Year | | --- | --- | --- | --- | --- | --- | | [Nvidia Corp](https://www.getswoopr.com/stocks/companies/nvidia/) | $215.9 billion | 65.5% | 60.4% | 55.6% | FY 2026 | | [Broadcom Inc.](https://www.getswoopr.com/stocks/companies/broadcom/) | $63.9 billion | 23.9% | 39.9% | 36.2% | FY 2025 | | [Intel Corp](https://www.getswoopr.com/stocks/companies/intel/) | $52.9 billion | -0.5% | -4.2% | -0.5% | FY 2025 | | [Micron Technology Inc](https://www.getswoopr.com/stocks/companies/micron-technology/) | $37.4 billion | 48.9% | 26.1% | 22.8% | FY 2025 | | [Advanced Micro Devices Inc](https://www.getswoopr.com/stocks/companies/advanced-micro-devices/) | $34.6 billion | 34.3% | 10.7% | 12.5% | FY 2025 | | [Applied Materials Inc](https://www.getswoopr.com/stocks/companies/applied-materials/) | $28.4 billion | 4.4% | 29.2% | 24.7% | FY 2025 | | [Texas Instruments Inc](https://www.getswoopr.com/stocks/companies/texas-instruments/) | $17.7 billion | 13.0% | 34.1% | 28.3% | FY 2025 | | [Nxp Semiconductors N.V.](https://www.getswoopr.com/stocks/companies/nxp-semiconductors/) | $12.3 billion | -2.7% | 24.8% | 16.5% | FY 2025 | The 8 largest of 60 by revenue. Source: each company's own annual report as filed with the SEC (XBRL data), figures in U.S. dollars. A company's SIC code reflects its main business as the SEC records it, so it can differ from how an index provider or analyst classifies the company, and a diversified group appears under only one code. ## Where to Go Next The Power Semiconductors guide describes how the industry earns money, what to measure and what can go wrong. To see how it compares, read the neighbouring industries in the same sector, then apply the same checks to a specific company. ### More in Information Technology - [Information Technology sector overview](https://www.getswoopr.com/stocks/industries/information-technology/) - [Printed Circuit Boards](https://www.getswoopr.com/stocks/industries/information-technology/printed-circuit-boards/) - [Power Electronics](https://www.getswoopr.com/stocks/industries/information-technology/power-electronics/) - [Printing Hardware](https://www.getswoopr.com/stocks/industries/information-technology/printing-hardware/) - [Photonics](https://www.getswoopr.com/stocks/industries/information-technology/photonics/) - [Productivity Software](https://www.getswoopr.com/stocks/industries/information-technology/productivity-software/) - [Photomasks & Reticles](https://www.getswoopr.com/stocks/industries/information-technology/photomasks-and-reticles/) - [RF Semiconductors](https://www.getswoopr.com/stocks/industries/information-technology/rf-semiconductors/) - [Personal Computers](https://www.getswoopr.com/stocks/industries/information-technology/personal-computers/) ### Put it to work - [How to analyze a stock](https://www.getswoopr.com/stocks/how-to-analyze-a-stock/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) - [Company research](https://www.getswoopr.com/stocks/companies/) - [All industries](https://www.getswoopr.com/stocks/industries/) ## Frequently Asked Questions What are the main KPIs for the Power Semiconductors industry? Key performance indicators for the Power Semiconductors industry include: Revenue by end market, Design wins and backlog, Gross margin, Wafer capacity, Automotive share. Which matter most depends on the company's model, so compare them across several companies rather than relying on one. How cyclical is the Power Semiconductors industry? The Power Semiconductors industry is cyclical, meaning its revenues and earnings tend to expand during economic expansions and contract during downturns. Investors should monitor leading economic indicators and interest rate trends when evaluating timing. What are the biggest risks in the Power Semiconductors industry? The primary risks for Power Semiconductors companies include: Auto cycle exposure, Price competition from China, Capital spending, Inventory corrections. Investors should assess each company's exposure to these factors and its track record of navigating them. **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).