Who are the top 5 equipment companies?

As of 7th September 2026, the top 5 equipment companies include: ASML Holding NV ADR Cisco Systems Inc Lam Research Corp Applied Materials Inc KLA Corporation Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

What is the outlook for US equipment stocks?

The 2026 outlook is supported by record global semiconductor equipment sales, projected to reach $145 bn, driven largely by AI chip demand and high-bandwidth memory investment. At the same time, shifting US-China export control policy and a plateau in China's equipment spending add uncertainty to how evenly this growth is distributed across companies with different regional exposures. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Are US equipment stocks risky for Indian investors?

Like any sector tied to global trade policy, equipment stocks carry risks tied to export control changes, semiconductor capital spending cycles, and geopolitical supply chain disruptions. Indian investors should also factor in the usual currency movement and cross-border investing considerations that come with holding US equities.

How can I compare US equipment stocks on Tickertape?

Indian investors can use the Tickertape US Stock Screener to compare US equipment stocks across valuation, profitability, growth, financial health, and other metrics using 60+ filters. This makes it easier to compare companies with different equipment specialisations, such as lithography versus process control, on the same set of financial metrics.

Can beginners invest in US equipment stocks?

Yes, beginners can invest in US equipment stocks through platforms like Tickertape, which allow fractional investing and provide research tools to help evaluate individual companies. This lowers the entry barrier for a sector where shares of large, established equipment makers can otherwise require a sizeable upfront investment. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.

How to invest in US equipment stocks from India?

Investors can invest in US equipment stocks from India through Tickertape. The process generally involves: Create an account: Open a US investing account on Tickertape. Explore equipment stocks: Use the Tickertape US Stock Screener to identify equipment companies. Complete KYC: Finish the know-your-customer verification process. Link a bank account: Connect your bank account for fund transfers. Add funds: Transfer money into your US investing wallet. Place an order: Buy shares of your selected equipment stocks.

What are the advantages of investing in US equipment stocks?

US equipment stocks provide exposure to record semiconductor equipment sales and structural AI-driven demand for advanced chipmaking tools. Because the sector spans lithography, wafer fabrication, process control, and networking equipment, it can offer exposure to several distinct points in the technology supply chain within a single category. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

What is the difference between individual US equipment stocks and semiconductor-focused ETFs?

Individual equipment stocks give investors direct, concentrated exposure to one company's specific equipment category and customer base, which means a slowdown in that category hits the position harder. Semiconductor-focused ETFs spread exposure across chipmakers and equipment suppliers instead, reducing single-company risk but also diluting exposure to any one company's outperformance.

What metrics are commonly used to evaluate US equipment stocks?

Common metrics include order backlog, book-to-bill ratio, gross margin, and revenue concentration by geography or customer. Book-to-bill ratio matters especially in this sector, since a ratio below 1 can signal that new orders are not keeping pace with shipments, an early indicator of a slowing spending cycle. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Do US equipment stocks pay dividends?

Many established equipment makers pay dividends, though payout levels can vary significantly with the semiconductor capital spending cycle. Companies more exposed to cyclical, capital-intensive chipmaker orders may see more year-to-year variability in dividend growth than more diversified technology companies. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

US Equipment Stocks: Leading US Equipment Companies in 2026

Q: What are US equipment stocks?

US equipment stocks are shares of US-listed companies that design and manufacture the machinery used to produce semiconductors, along with related networking hardware. These companies typically earn revenue through equipment sales to chipmakers, supplemented by recurring service and parts contracts.

US equipment companies span industrial machinery, construction equipment, semiconductor tools, electrical systems and automation. US construction equipment sales are supported by infrastructure spending, while factory automation and data-centre investment are increasing demand for specialised machinery and electrical equipment. This article covers major US equipment stocks and the companies supplying machinery, systems and tools used across construction, manufacturing, technology and industrial infrastructure.

List of US Equipment Stocks in 2026

US Equipment Stocks

Explore US equipment stocks involved in the manufacturing and distribution of industrial, electrical, construction and other specialised equipment. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

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Showing 1 - 20 of 219 results

last updated at 8:30 AM IST

	NameUS Stocks (219)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE Ratio (TTM)PE Ratio (TTM)↓	↓1M Return1M Return↓	↓1D Return1D Return↓	↓Return on EquityReturn on Equity↓	↓PB RatioPB Ratio↓
1.	ASML Holding N.V. New York Registry Shares ASML	Semiconductor Equipment & MaterialsSemiconductor Equipment & Materials	6,28,554.666,28,554.66	1,676.691,676.69	40.1340.13	-4.07-4.07	-6.88-6.88	65.6465.64	26.7826.78
2.	Cisco Systems Inc CSCO	Communication EquipmentCommunication Equipment	4,20,713.434,20,713.43	107.26107.26	32.0532.05	0.770.77	-2.18-2.18	27.3227.32	8.348.34
3.	Lam Research Corp LRCX	Semiconductor Equipment & MaterialsSemiconductor Equipment & Materials	3,29,687.763,29,687.76	230.15230.15	45.7445.74	-25.99-25.99	-11.70-11.70	65.0765.07	31.2031.20
4.	Applied Materials Inc AMAT	Semiconductor Equipment & MaterialsSemiconductor Equipment & Materials	3,21,391.103,21,391.10	408.94408.94	34.9434.94	-13.44-13.44	-8.15-8.15	41.0741.07	12.9312.93
5.	KLA Corporation KLAC	Semiconductor Equipment & MaterialsSemiconductor Equipment & Materials	2,11,071.752,11,071.75	147.83147.83	45.4345.43	-21.50-21.50	-10.03-10.03	87.5087.50	38.7538.75
6.	Trane Technologies plc TT	Building Products & EquipmentBuilding Products & Equipment	1,01,523.101,01,523.10	448.80448.80	34.3834.38	2.512.51	-4.78-4.78	36.6436.64	11.1711.17
7.	Johnson Controls International PLC JCI	Building Products & EquipmentBuilding Products & Equipment	89,613.3989,613.39	143.00143.00	41.7941.79	-2.35-2.35	-5.34-5.34	14.3314.33	6.586.58
8.	Vertiv Holdings Co VRT	Electrical Equipment & PartsElectrical Equipment & Parts	78,368.1978,368.19	195.59195.59	46.0546.05	-22.83-22.83	-7.78-7.78	43.9443.94	20.1320.13
9.	Motorola Solutions Inc MSI	Communication EquipmentCommunication Equipment	76,699.7576,699.75	477.81477.81	36.4936.49	4.624.62	2.222.22	91.5791.57	28.5228.52
10.	Lumentum Holdings Inc LITE	Communication EquipmentCommunication Equipment	74,505.3174,505.31	752.54752.54	--	-20.42-20.42	-11.52-11.52	-240.03-240.03	18.1018.10
11.	Hewlett Packard Enterprise Co HPE	Communication EquipmentCommunication Equipment	74,457.5174,457.51	55.4755.47	28.9128.91	-9.11-9.11	-4.65-4.65	10.9410.94	3.123.12
12.	Schlumberger NV SLB	Oil & Gas Equipment & ServicesOil & Gas Equipment & Services	74,177.4874,177.48	49.5549.55	24.1424.14	-4.93-4.93	-2.99-2.99	12.9112.91	2.972.97
13.	Bloom Energy Corp BE	Electrical Equipment & PartsElectrical Equipment & Parts	65,576.5165,576.51	238.53238.53	292.96292.96	-13.74-13.74	-8.43-8.43	22.2122.21	50.2850.28
14.	Baker Hughes Co BKR	Oil & Gas Equipment & ServicesOil & Gas Equipment & Services	55,242.3155,242.31	56.0056.00	17.8917.89	-2.20-2.20	-4.27-4.27	16.4616.46	2.892.89
15.	Teradyne Inc TER	Semiconductor Equipment & MaterialsSemiconductor Equipment & Materials	52,622.7352,622.73	308.75308.75	46.2346.23	-22.56-22.56	-10.76-10.76	36.4736.47	18.1318.13
16.	Nokia Corp ADR NOK	Communication EquipmentCommunication Equipment	50,499.7850,499.78	7.887.88	64.4364.43	-27.17-27.17	-14.85-14.85	3.463.46	2.452.45
17.	Ciena Corp CIEN	Communication EquipmentCommunication Equipment	48,491.4348,491.43	361.34361.34	76.5076.50	-1.96-1.96	-10.69-10.69	22.4022.40	15.9715.97
18.	Carrier Global Corp CARR	Building Products & EquipmentBuilding Products & Equipment	46,302.3446,302.34	56.4756.47	40.7040.70	2.192.19	--	8.978.97	3.453.45
19.	Ubiquiti Networks Inc UI	Communication EquipmentCommunication Equipment	36,622.0936,622.09	595.62595.62	38.1738.17	2.542.54	-2.22-2.22	91.0991.09	24.1024.10
20.	Telefonaktiebolaget LM Ericsson B ADR ERIC	Communication EquipmentCommunication Equipment	34,565.0634,565.06	10.3810.38	17.1817.18	5.705.70	-0.43-0.43	18.0918.09	3.033.03

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Overviews of Top US Equipment Stocks

ASML Holding NV ADR

ASML was established in 1984 and is headquartered in Veldhoven, the Netherlands. The company develops lithography systems used by semiconductor manufacturers to print complex circuit patterns onto silicon wafers.

Cisco Systems Inc

Cisco Systems was established in 1984 and is headquartered in San Jose, California. The company develops networking equipment and software, including routers, switches, security systems and infrastructure used across enterprise and data-centre networks.

Lam Research Corp

Lam Research was established in 1980 and is headquartered in Fremont, California. The company manufactures wafer fabrication equipment used in semiconductor production, with a focus on etching, deposition and wafer-cleaning processes.

Applied Materials Inc

Applied Materials was established in 1967 and is headquartered in Santa Clara, California. The company supplies equipment, services and software used in semiconductor manufacturing, display production and advanced materials engineering.

KLA Corporation

KLA was established in 1975 and is headquartered in Milpitas, California. The company develops process-control, inspection and metrology equipment used by semiconductor manufacturers to detect defects and improve production yields.

What are US Equipment Stocks?

US equipment stocks represent shares of US-listed companies that design and manufacture the machinery used to produce semiconductors, along with related networking hardware. These companies generate revenue through equipment sales to chipmakers and technology infrastructure providers, along with ongoing service and parts contracts, with performance closely tied to global chip demand, capital spending cycles among semiconductor manufacturers, and export policy. The category includes companies headquartered in the US as well as internationally headquartered companies listed on US exchanges.

How to Evaluate and Invest in US Equipment Sector Stocks?

Here's how to invest in the US equipment stock market from India, step by step:

Log in or Create an Account: Visit Tickertape US Stocks and log in to your account. Create an account if you have not registered yet and complete the US investing account-opening process.
Search for Equipment Stocks: Use the Tickertape US Stock Screener and select 'Semiconductor Materials & Equipment' under the sector filter.
Analyse the Stocks: Each stock page provides information such as the live market price, 52-week range, financial performance, peer comparison and recent news.
Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
Place Your Order: Select the equipment stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Equipment Stocks for Indian Investors

The tax treatment of US equipment stocks generally depends on the holding period, the investor's applicable income-tax rate and US withholding rules on dividend income.

Income / Action	Holding Period / Condition	Tax Rate in the US	Tax Rate in India
Long-Term Capital Gains (LTCG)	Held for > 24 months	0% (Taxed only in India under DTAA)	12.5% (+ applicable surcharge & cess)
Short-Term Capital Gains (STCG)	Held for < 24 months	0% (Taxed only in India under DTAA)	Taxed as per your applicable income slab rate

Advantages of Investing in US Equipment Stocks

Exposure to Capital Spending

Equipment companies benefit when businesses expand factories, data centres, utilities, hospitals and other infrastructure. Higher capital expenditure can support demand for machinery, electrical systems, networking hardware and specialised equipment.

AI and Data Centre Demand

Rapid growth in AI infrastructure is increasing demand for semiconductor tools, networking equipment, cooling systems, power equipment and other hardware needed to build and operate data centres.

Power Infrastructure Expansion

Rising electricity demand and grid modernisation are supporting spending on transformers, turbines, switchgear and transmission equipment. This creates opportunities for US companies supplying power generation and electrical infrastructure.

Healthcare Equipment Demand

Hospitals and healthcare providers continue to invest in imaging systems, surgical devices, diagnostics and monitoring equipment. Ageing populations and higher healthcare spending can support long-term demand for medical equipment.

Diversified End Markets

US equipment companies serve several industries, including manufacturing, energy, technology, construction and healthcare. This gives the sector exposure to multiple investment cycles rather than relying on a single source of demand.

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Risks of Investing in US Equipment Stocks

Export Control Uncertainty

US-China chip policy shifted repeatedly in a recent 12-month period, with equipment export rules changing multiple times and drawing criticism for inconsistent enforcement. This policy volatility creates ongoing uncertainty for equipment makers with significant China exposure.

China Spending Slowdown

China's semiconductor equipment spending is no longer expanding after years of steady growth, even though it remains the largest single market. A plateau in China demand shifts growth reliance onto other regions.

Soft End-Market Demand

Ongoing softness in automotive, industrial, and consumer semiconductor demand continues to weigh on some mainstream test and packaging segments. This creates a divergence between AI-related equipment strength and broader market conditions.

Supply Chain Disruption Risk

Recent geopolitical actions targeting specific semiconductor supply chains have led to production halts and extended lead times in some component categories. Such disruptions can ripple through equipment makers' broader customer base even when not directly targeted.

Factors to Consider Before Investing in US Equipment Stocks

Wafer Fab Equipment Spending Cycles

Since equipment makers' revenue depends heavily on chipmakers' capital expenditure decisions, the broader wafer fab equipment spending cycle directly shapes order volumes and revenue timing across the sector.

Export Control and Trade Policy

Companies with meaningful revenue exposure to China face policy risk that can shift with little notice, affecting which products and customers they can serve. A company's China revenue concentration is therefore a relevant factor in assessing regulatory risk.

Technology Node Transitions

As chipmakers move to smaller, more advanced manufacturing nodes, demand shifts toward equipment capable of supporting that precision. Companies with strong positions in next-generation lithography, etch, or inspection technology are better positioned as these transitions occur.

AI and Memory Demand Concentration

A growing share of equipment demand is tied specifically to AI infrastructure and high-bandwidth memory production. Companies more exposed to this narrower demand pocket may see different growth trajectories than those tied to broader, more diversified chip categories.

Key Growth Drivers for US Equipment Stocks

AI-Driven Fab Investment

Worldwide 300mm fab equipment spending is projected to rise 18% to $133 bn in 2026 and a further 14% to $151 bn in 2027. This surge reflects surging AI chip demand for data centres and edge devices.

Long-Term Equipment Market Growth

Global semiconductor equipment sales are forecast to reach a record $229 bn by 2028, driven by AI infrastructure, leading-edge logic, and advanced memory investment. This represents sustained multi-year growth well beyond the current cycle.

Regional Capacity Expansion

Investment growth has shifted toward Taiwan and Korea, driven by AI-related logic investment and a memory sector recovery. Domestic capacity expansion in the Americas is also supporting equipment demand tied to supply chain resilience efforts.

Advanced Packaging Adoption

Growing complexity of device architectures and accelerated adoption of advanced packaging techniques are driving back-end equipment demand. This trend is expected to continue supporting growth even as some traditional end markets stay soft.

How to Track US Equipment Stocks From India on Tickertape?

You can track US equipment stocks and ETFs from India on Tickertape's US Stocks & ETFs platform.

Open US Stocks Screener: Visit the Tickertape US Stock Screener and explore equipment-related companies listed on US exchanges.
Search Equipment Stocks: Search for "Semiconductor Materials & Equipment" under the sector and select it to explore companies operating in the equipment industry.
Apply Filters: Compare companies using 60+ parameters, including market capitalisation, valuation ratios, profitability metrics, growth indicators and financial health measures.
Analyse Company Metrics: Review individual stock pages to understand financial performance, revenue trends, margins, debt levels, price movements and other available insights.
Create a Watchlist: Add selected equipment stocks to your watchlist to track price updates, company developments and performance changes from India.

Conclusion

US equipment stocks span lithography, wafer fabrication, process control, and networking equipment makers, each shaped by different points in the semiconductor manufacturing process. Their performance can be influenced by wafer fab equipment spending cycles, export control and trade policy, technology node transitions, and the concentration of demand tied to AI and memory production. Since export policy has shifted repeatedly in recent periods even as record equipment sales are forecast for 2026, investors should weigh this policy uncertainty alongside the sector's structural AI-driven growth. Investors can use the Tickertape US Stock Screener to compare US equipment stocks using 60+ unique filters and custom filters across valuation, profitability, growth, financial health and other key metrics.

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Frequently Asked Questions on US Equipment Stocks

What are US equipment stocks?
US equipment stocks are shares of US-listed companies that design and manufacture the machinery used to produce semiconductors, along with related networking hardware. These companies typically earn revenue through equipment sales to chipmakers, supplemented by recurring service and parts contracts.
Who are the top 5 equipment companies?
As of 7th September 2026, the top 5 equipment companies include:
1. ASML Holding NV ADR
2. Cisco Systems Inc
3. Lam Research Corp
4. Applied Materials Inc
5. KLA Corporation
Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
What is the outlook for US equipment stocks?
The 2026 outlook is supported by record global semiconductor equipment sales, projected to reach $145 bn, driven largely by AI chip demand and high-bandwidth memory investment. At the same time, shifting US-China export control policy and a plateau in China's equipment spending add uncertainty to how evenly this growth is distributed across companies with different regional exposures.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
Are US equipment stocks risky for Indian investors?
Like any sector tied to global trade policy, equipment stocks carry risks tied to export control changes, semiconductor capital spending cycles, and geopolitical supply chain disruptions. Indian investors should also factor in the usual currency movement and cross-border investing considerations that come with holding US equities.
How can I compare US equipment stocks on Tickertape?
Indian investors can use the Tickertape US Stock Screener to compare US equipment stocks across valuation, profitability, growth, financial health, and other metrics using 60+ filters. This makes it easier to compare companies with different equipment specialisations, such as lithography versus process control, on the same set of financial metrics.
Can beginners invest in US equipment stocks?
Yes, beginners can invest in US equipment stocks through platforms like Tickertape, which allow fractional investing and provide research tools to help evaluate individual companies. This lowers the entry barrier for a sector where shares of large, established equipment makers can otherwise require a sizeable upfront investment.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.
How to invest in US equipment stocks from India?
Investors can invest in US equipment stocks from India through Tickertape. The process generally involves:
1. Create an account: Open a US investing account on Tickertape.
2. Explore equipment stocks: Use the Tickertape US Stock Screener to identify equipment companies.
3. Complete KYC: Finish the know-your-customer verification process.
4. Link a bank account: Connect your bank account for fund transfers.
5. Add funds: Transfer money into your US investing wallet.
6. Place an order: Buy shares of your selected equipment stocks.
What are the advantages of investing in US equipment stocks?
US equipment stocks provide exposure to record semiconductor equipment sales and structural AI-driven demand for advanced chipmaking tools. Because the sector spans lithography, wafer fabrication, process control, and networking equipment, it can offer exposure to several distinct points in the technology supply chain within a single category.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
What is the difference between individual US equipment stocks and semiconductor-focused ETFs?
Individual equipment stocks give investors direct, concentrated exposure to one company's specific equipment category and customer base, which means a slowdown in that category hits the position harder. Semiconductor-focused ETFs spread exposure across chipmakers and equipment suppliers instead, reducing single-company risk but also diluting exposure to any one company's outperformance.
What metrics are commonly used to evaluate US equipment stocks?
Common metrics include order backlog, book-to-bill ratio, gross margin, and revenue concentration by geography or customer. Book-to-bill ratio matters especially in this sector, since a ratio below 1 can signal that new orders are not keeping pace with shipments, an early indicator of a slowing spending cycle.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
Do US equipment stocks pay dividends?
Many established equipment makers pay dividends, though payout levels can vary significantly with the semiconductor capital spending cycle. Companies more exposed to cyclical, capital-intensive chipmaker orders may see more year-to-year variability in dividend growth than more diversified technology companies.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.