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U.S. Tech Sector Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies986
  • 7D7.1%
  • 3M7.1%
  • 1Y62.2%
  • YTD5.1%

In the last week, the Tech industry is up 7.1%, with NVIDIA up 6.7%. In the same time, Corning was down 5.6%. This takes the industry's 12 month performance to a gain of 62%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the U.S. Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$23.7tUS$2.7tUS$550.6b32.9x43x8.8x
Thu, 19 Mar 2026US$21.4tUS$2.7tUS$543.3b30.4x39.3x8x
Sat, 14 Feb 2026US$21.4tUS$2.6tUS$520.7b30.4x41x8.1x
Mon, 12 Jan 2026US$22.6tUS$2.6tUS$507.0b32.4x44.5x8.7x
Wed, 10 Dec 2025US$23.2tUS$2.6tUS$495.7b31.2x46.9x9x
Fri, 07 Nov 2025US$23.4tUS$2.5tUS$477.9b30.4x48.9x9.2x
Sun, 05 Oct 2025US$22.7tUS$2.5tUS$439.2b31.7x51.8x9.1x
Tue, 02 Sep 2025US$20.8tUS$2.5tUS$429.3b29.4x48.5x8.5x
Thu, 31 Jul 2025US$20.7tUS$2.4tUS$393.3b27.7x52.7x8.7x
Sat, 28 Jun 2025US$19.6tUS$2.4tUS$393.2b28.4x49.8x8.2x
Mon, 26 May 2025US$17.5tUS$2.4tUS$385.8b26.9x45.5x7.4x
Wed, 23 Apr 2025US$14.5tUS$2.3tUS$386.6b24.6x37.4x6.2x
Fri, 21 Mar 2025US$16.6tUS$2.3tUS$386.1b27.3x42.9x7.1x
Sun, 16 Feb 2025US$18.9tUS$2.3tUS$369.9b32.4x51x8.2x
Tue, 14 Jan 2025US$18.0tUS$2.3tUS$367.2b32.3x49x8x
Thu, 12 Dec 2024US$18.5tUS$2.3tUS$362.8b33.1x50.9x8.2x
Sat, 09 Nov 2024US$18.3tUS$2.2tUS$352.5b33.3x52x8.2x
Mon, 07 Oct 2024US$17.2tUS$2.2tUS$378.1b29.7x45.4x7.9x
Wed, 04 Sep 2024US$16.8tUS$2.2tUS$378.3b28.7x44.4x7.8x
Fri, 02 Aug 2024US$16.5tUS$2.1tUS$365.6b30.7x45.2x7.8x
Sun, 30 Jun 2024US$16.8tUS$2.1tUS$362.8b29.7x46.4x8x
Tue, 28 May 2024US$15.4tUS$2.1tUS$349.9b30.3x43.9x7.5x
Thu, 25 Apr 2024US$13.9tUS$2.0tUS$327.8b28.4x42.5x6.8x
Sat, 23 Mar 2024US$14.9tUS$2.0tUS$328.6b27.8x45.4x7.3x
Mon, 19 Feb 2024US$14.2tUS$2.0tUS$310.2b27.5x45.9x7x
Wed, 17 Jan 2024US$13.4tUS$2.0tUS$292.0b25.7x46x6.5x
Fri, 15 Dec 2023US$13.2tUS$2.1tUS$293.6b26.2x45x6.4x
Sun, 12 Nov 2023US$12.3tUS$2.0tUS$279.7b23.4x44.1x6.1x
Tue, 10 Oct 2023US$11.8tUS$2.0tUS$269.8b24.7x43.8x5.8x
Thu, 07 Sep 2023US$12.1tUS$2.0tUS$272.7b24.1x44.5x5.9x
Sat, 05 Aug 2023US$11.9tUS$2.0tUS$262.2b25.6x45.4x5.9x
Mon, 03 Jul 2023US$12.0tUS$2.0tUS$259.9b25x46.3x5.9x
Wed, 31 May 2023US$11.4tUS$2.0tUS$262.6b24x43.5x5.6x
Fri, 28 Apr 2023US$10.2tUS$2.0tUS$275.8b20.6x37.1x5x
Price to Earnings Ratio

37.1x


Total Market Cap: US$10.2tTotal Earnings: US$275.8bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 45.4x.
  • The 3-year average PS ratio of 7.4x is lower than the industry's current PS ratio of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech sector?

US Market4.02%
Tech7.11%
Software9.85%
IT7.91%
Semiconductors7.24%
Communications5.75%
Tech Hardware4.46%
Electronic Equipment and Components2.05%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 32.5x.
    • Analysts are expecting annual earnings growth of 22.5%, which is higher than its past year's earnings growth of 13.9% per year.
  • Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 33.2x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 3.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NVDA NVIDIAUS$201.686.5%
+US$300.5b		108.1%PE40.8x
MSFT MicrosoftUS$422.7910.0%
+US$285.3b		17.7%PE26.3x
AAPL AppleUS$270.234.3%
+US$161.9b		39.9%PE33.7x
AVGO BroadcomUS$406.547.1%
+US$126.8b		144.6%PE77.1x
ORCL OracleUS$175.0612.5%
+US$55.9b		42.5%PE31.1x

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IT
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