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U.S. Tech Sector Analysis

UpdatedMar 08, 2026
DataAggregated Company Financials
Companies988
  • 7D-0.4%
  • 3M-8.4%
  • 1Y25.1%
  • YTD-6.2%

The Tech is pretty flat in the last 7 days, but Microsoft has stood out, gaining 4.1%. The past year has been better, since the industry has gained 26% in that time. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026US$21.1tUS$2.7tUS$542.3b29.3x39x7.9x
Tue, 03 Feb 2026US$22.3tUS$2.6tUS$528.4b30.3x42.1x8.5x
Thu, 01 Jan 2026US$22.7tUS$2.6tUS$506.8b31x44.8x8.8x
Sat, 29 Nov 2025US$22.6tUS$2.6tUS$494.1b30.2x45.7x8.8x
Mon, 27 Oct 2025US$23.3tUS$2.5tUS$463.2b30.7x50.2x9.3x
Wed, 24 Sep 2025US$22.6tUS$2.5tUS$435.4b31.8x51.8x9.2x
Fri, 22 Aug 2025US$20.6tUS$2.4tUS$418.1b27.2x49.2x8.5x
Sun, 20 Jul 2025US$20.5tUS$2.4tUS$392.6b29.1x52.2x8.6x
Tue, 17 Jun 2025US$18.6tUS$2.4tUS$391.0b27.9x47.5x7.8x
Thu, 15 May 2025US$18.0tUS$2.4tUS$384.0b27x46.8x7.6x
Sat, 12 Apr 2025US$15.0tUS$2.3tUS$386.7b24.5x38.9x6.5x
Mon, 10 Mar 2025US$16.9tUS$2.3tUS$384.4b28.1x44x7.3x
Wed, 05 Feb 2025US$17.7tUS$2.3tUS$371.0b33x47.7x7.7x
Fri, 03 Jan 2025US$18.3tUS$2.3tUS$366.8b31.9x49.9x8.1x
Sun, 01 Dec 2024US$18.2tUS$2.2tUS$361.4b32.9x50.3x8.1x
Tue, 29 Oct 2024US$17.8tUS$2.2tUS$377.9b30.4x47.1x8x
Thu, 26 Sep 2024US$17.1tUS$2.2tUS$375.4b28.9x45.5x7.9x
Sat, 24 Aug 2024US$16.9tUS$2.1tUS$367.4b29.6x45.9x7.9x
Mon, 22 Jul 2024US$16.7tUS$2.1tUS$363.1b30.7x46x7.9x
Wed, 19 Jun 2024US$17.2tUS$2.1tUS$360.7b29.5x47.6x8.1x
Fri, 17 May 2024US$15.0tUS$2.0tUS$336.2b29.7x44.7x7.4x
Sun, 14 Apr 2024US$14.8tUS$2.0tUS$328.5b28x45.1x7.2x
Tue, 12 Mar 2024US$14.6tUS$2.0tUS$325.0b28.3x44.9x7.1x
Thu, 08 Feb 2024US$14.0tUS$2.0tUS$306.8b26x45.5x6.9x
Sat, 06 Jan 2024US$12.8tUS$2.1tUS$292.6b26x43.8x6.2x
Mon, 04 Dec 2023US$12.8tUS$2.1tUS$292.3b25.4x43.8x6.2x
Wed, 01 Nov 2023US$11.3tUS$2.0tUS$277.5b22.7x40.9x5.6x
Fri, 29 Sep 2023US$11.4tUS$2.0tUS$269.7b24.5x42.4x5.6x
Sun, 27 Aug 2023US$11.7tUS$2.0tUS$270.6b24.4x43.3x5.8x
Tue, 25 Jul 2023US$12.2tUS$2.0tUS$258.1b25.4x47.4x6x
Thu, 22 Jun 2023US$11.7tUS$2.0tUS$264.4b24.7x44.3x5.8x
Sat, 20 May 2023US$10.8tUS$2.0tUS$260.9b23.4x41.4x5.3x
Mon, 17 Apr 2023US$10.2tUS$2.0tUS$274.9b22.6x37.2x5x
Wed, 15 Mar 2023US$10.8tUS$2.3tUS$298.6b22.1x36.1x4.7x
Price to Earnings Ratio

36.1x


Total Market Cap: US$10.8tTotal Earnings: US$298.6bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 39.4x which is lower than its 3-year average PE of 45.4x.
  • The industry is trading close to its 3-year average PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 Market-2.24%
Tech-0.39%
Software6.21%
IT4.94%
Semiconductors-2.50%
Tech Hardware-3.33%
Communications-3.38%
Electronic Equipment and Components-10.05%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.4x.
    • Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings growth of 17.4% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 32.9x.
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 4.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.5% 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
MSFT MicrosoftUS$408.964.1%
+US$120.4b		4.0%PE25.5x
AVGO BroadcomUS$330.483.4%
+US$49.9b		69.5%PE62.7x
PLTR Palantir TechnologiesUS$157.1614.6%
+US$47.8b		85.1%PE231.3x
APP AppLovinUS$502.1415.5%
+US$22.7b		85.6%PE49.3x
ORCL OracleUS$152.965.2%
+US$21.7b		-1.4%PE28.5x

Latest News

AVGO
US$330.48
Broadcom
7D
3.4%
1Y
69.5%
IBM
US$258.85
International Business Machines
7D
7.8%
1Y
-1.0%
MSFT
US$408.96
Microsoft
7D
4.1%
1Y
4.0%
GLW
US$123.29
Corning
7D
-18.0%
1Y
168.4%
NOW
US$124.34
ServiceNow
7D
15.1%
1Y
-26.9%
APP
US$502.14
AppLovin
7D
15.5%
1Y
85.6%
INTU
US$481.17
Intuit
7D
17.6%
1Y
-21.1%

Intuit Inc (INTU): The Financial Intelligence OS – Scaling AI-Driven Expert Platforms in 2026.

Intuit (INTU) is currently redefining the financial technology landscape as a "category of one" platform, trading at $433.35 as of the March 6, 2026, market close. The stock has shown recent resilience, climbing 18.3% following a blowout Q2 earnings report that silenced critics concerned about AI disruption.
ORCL
US$152.96
Oracle
7D
5.2%
1Y
-1.4%
AAPL
US$257.46
Apple
7D
-2.5%
1Y
7.7%
APH
US$131.87
Amphenol
7D
-9.7%
1Y
109.6%

APH: AI And CommScope CCS Integration Will Support Margins And Earnings Outperformance

Our updated analyst price target for Amphenol has moved from $148.60 to $169.44 as analysts factor in higher modeled revenue growth, a slightly richer future P/E multiple, and recent price target increases tied to the CommScope CCS acquisition and AI related content gains across end markets. Analyst Commentary Recent Street research on Amphenol has been active, with several firms adjusting their price targets and, in some cases, ratings.
LRCX
US$199.33
Lam Research
7D
-14.8%
1Y
152.3%

LRCX: Future DRAM WFE Cycle May Drive Multi Year Upswing

The analyst price target for Lam Research has been raised by $10 to $254, as analysts point to higher wafer fab equipment growth forecasts, strong demand for DRAM memory spending, and broad Street support including Lam's addition to BofA's "US 1 List". Analyst Commentary Recent research is broadly constructive on Lam Research, with a series of higher price targets and fresh initiations pointing to confidence in the company’s position in wafer fab equipment and memory exposure.
MU
US$370.30
Micron Technology
7D
-10.2%
1Y
298.3%
PLTR
US$157.16
Palantir Technologies
7D
14.6%
1Y
85.1%

Analysis of Palantir Technologies: Commercial Acceleration and Financial Maturity

Palantir Technologies Inc. has evolved from a specialized government contractor into a broad-market software provider.
KLAC
US$1,344.55
KLA
7D
-11.8%
1Y
89.0%

KLAC: AI And DRAM Spending Upswing Will Challenge Lofty P/E Premium

The analyst price target for KLA has inched higher to $1,336 from $1,332, as analysts factor in slightly stronger long term revenue growth, a marginally higher profit margin profile and a small adjustment lower in the discount rate, while keeping future P/E expectations broadly similar. Analyst Commentary Across recent research, most commentary on KLA has centered on higher price targets, upbeat views on wafer fab equipment spending and interest in the upcoming investor day, where some analysts expect long term financial targets to be outlined.
AMAT
US$324.74
Applied Materials
7D
-12.8%
1Y
108.6%

AMAT: Wafer Equipment Upswing And Services Mix Will Support Future Upside

Our fair value estimate for Applied Materials has been raised from $420.71 to $470.00 as analysts lift long term wafer fab equipment growth expectations and highlight the stock as a top pick in semiconductor production equipment. Analyst Commentary Recent Street research around Applied Materials has been heavily skewed toward positive revisions, with a broad group of bullish analysts lifting price targets and, in several cases, upgrading their ratings.
ADI
US$315.81
Analog Devices
7D
-11.2%
1Y
39.8%