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U.S. IT Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies117
  • 7D-11.6%
  • 3M8.8%
  • 1Y-4.3%
  • YTD-6.9%

Over the last 7 days, the IT industry has dropped 12%, driven by International Business Machines declining 12%. On the other hand ChronoScale is actually up 11%. The industry has fallen 4.3% in the last year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.S. IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026US$954.0bUS$259.6bUS$20.1b17.4x47.5x3.7x
Thu, 07 May 2026US$856.8bUS$256.9bUS$21.4b20.6x40.1x3.3x
Sat, 04 Apr 2026US$855.0bUS$259.6bUS$21.6b20.1x39.6x3.3x
Mon, 02 Mar 2026US$846.9bUS$257.8bUS$21.4b21.3x39.7x3.3x
Wed, 28 Jan 2026US$1.0tUS$252.7bUS$19.8b29.3x52.1x4.1x
Fri, 26 Dec 2025US$1.1tUS$283.1bUS$20.9b29.6x52.5x3.9x
Sun, 23 Nov 2025US$1.0tUS$281.4bUS$20.9b27.8x49x3.6x
Tue, 21 Oct 2025US$1.1tUS$282.7bUS$20.0b30.1x54.2x3.8x
Thu, 18 Sep 2025US$997.3bUS$251.0bUS$19.3b33x51.6x4x
Sat, 16 Aug 2025US$937.3bUS$250.3bUS$19.3b29.8x48.7x3.7x
Mon, 14 Jul 2025US$962.6bUS$241.7bUS$17.4b28.4x55.5x4x
Wed, 11 Jun 2025US$999.5bUS$240.4bUS$17.1b30.1x58.5x4.2x
Fri, 09 May 2025US$862.1bUS$238.5bUS$17.1b33.8x50.3x3.6x
Sun, 06 Apr 2025US$779.7bUS$242.3bUS$18.5b30.9x42.2x3.2x
Tue, 04 Mar 2025US$946.7bUS$239.9bUS$18.0b38.6x52.5x3.9x
Thu, 30 Jan 2025US$937.5bUS$234.1bUS$16.3b43.1x57.4x4x
Sat, 28 Dec 2024US$880.7bUS$234.7bUS$16.7b40.8x52.7x3.8x
Mon, 25 Nov 2024US$876.1bUS$233.0bUS$16.3b41.6x53.7x3.8x
Wed, 23 Oct 2024US$829.1bUS$232.8bUS$17.8b43.7x46.6x3.6x
Fri, 20 Sep 2024US$764.8bUS$233.3bUS$17.5b35.5x43.6x3.3x
Sun, 18 Aug 2024US$745.7bUS$232.8bUS$17.5b35.3x42.5x3.2x
Tue, 16 Jul 2024US$729.5bUS$236.9bUS$17.2b28.6x42.5x3.1x
Thu, 13 Jun 2024US$686.6bUS$237.2bUS$17.3b27.4x39.8x2.9x
Sat, 11 May 2024US$713.7bUS$236.9bUS$16.7b23.4x42.7x3x
Mon, 08 Apr 2024US$763.7bUS$227.8bUS$13.8b25.6x55.2x3.4x
Wed, 06 Mar 2024US$824.2bUS$227.7bUS$14.3b21.2x57.6x3.6x
Fri, 02 Feb 2024US$826.1bUS$230.1bUS$13.4b23.4x61.8x3.6x
Sun, 31 Dec 2023US$797.2bUS$229.5bUS$12.8b20.7x62.2x3.5x
Tue, 28 Nov 2023US$737.5bUS$228.5bUS$12.7b20.6x58.1x3.2x
Thu, 26 Oct 2023US$621.1bUS$227.2bUS$6.5b18x96x2.7x
Sat, 23 Sep 2023US$671.1bUS$226.6bUS$6.8b24x99x3x
Mon, 21 Aug 2023US$650.0bUS$226.1bUS$6.5b20.5x99.3x2.9x
Wed, 19 Jul 2023US$709.8bUS$228.7bUS$6.1b25.9x116.5x3.1x
Fri, 16 Jun 2023US$690.6bUS$228.3bUS$5.9b24.2x116.7x3x
Price to Earnings Ratio

116.7x


Total Market Cap: US$690.6bTotal Earnings: US$5.9bTotal Revenue: US$228.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 57.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American IT 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 47.5x which is lower than its 3-year average PE of 57.3x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 50% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 industry?

US Market-2.73%
Tech-6.35%
IT-11.61%
Data Processing Services-4.90%
Internet Services and Infrastructure-11.49%
IT Consulting-11.76%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry, which is trading close to its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 13.5%, which is lower than the prior year's growth of 25.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 88% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.7% 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
CHRN ChronoScaleUS$18.8911.3%
+US$276.1m		338.3%PS32.2x
FSLY FastlyUS$19.381.6%
+US$47.0m		134.1%PS4.6x
BNAI Brand Engagement NetworkUS$18.2731.0%
+US$28.1m		245.9%PS321.8x
AIB BlockchAIn Digital InfrastructureUS$1.80-43.4%
US$8.0m		-84.4%PS6.7x
AIAI AIAI HoldingsUS$12.950.2%
+US$2.1m		n/aPE-233.5x

Latest News

IBM
US$280.82
International Business Machines
7D
-12.4%
1Y
3.2%
ACN
US$174.43
Accenture
7D
-11.3%
1Y
-44.9%
WYY
US$11.27
WidePoint
7D
1.3%
1Y
229.5%
Narrative Update • Jun 08

WYY: New Bottler Outsourcing Win Will Likely Mask Future Equity Dilution

Analysts have raised their price target on WidePoint to $9.50 from $9.33, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E as the key factors behind this revision. What's in the News WidePoint has been selected by a leading national bottler to outsource Procurement and Vendor Management, becoming the bottler's exclusive provider for these services.
RSSS
US$2.25
Research Solutions
7D
2.7%
1Y
-19.4%
CRWV
US$102.37
CoreWeave
7D
-18.0%
1Y
-36.8%
MDB
US$352.56
MongoDB
7D
-12.7%
1Y
62.3%
OKTA
US$116.85
Okta
7D
-16.4%
1Y
15.5%
Narrative Update • Jun 07

Todd McKinnon delivered, but still needs to find a better payment-solution

Update from 07.06.2026 For a long time, the market criticized Todd McKinnon because Okta, despite having an excellent technical solution, failed to become profitable. With the Q1 FY2027 results, that discussion appears to be over.
NET
US$247.79
Cloudflare
7D
-8.5%
1Y
39.4%
CHRN
US$18.89
ChronoScale
7D
11.3%
1Y
338.3%
SHOP
US$110.78
Shopify
7D
-10.7%
1Y
2.8%
Seeking Alpha • Jun 06

The SaaS Apocalypse Has Created A Rare Buying Opportunity In Shopify

Summary Shopify is upgraded to a buy, offering a rare entry after a 10% pullback despite continued strong execution. SHOP's aggressive adoption of agentic AI and deep customer integration position it as a long-term beneficiary, challenging Amazon's e-commerce dominance. Recent results show 34% YoY revenue growth, a 22% incremental operating margin, and a pristine net cash balance, supporting sustained market share gains. Valuation at 61x earnings is not cheap, but projected 10% annual returns and margin expansion make SHOP a compelling compounder for growth portfolios. Read the full article on Seeking Alpha
FSLY
US$19.38
Fastly
7D
1.6%
1Y
134.1%
AIB
US$1.80
BlockchAIn Digital Infrastructure
7D
-43.4%
1Y
-84.4%
SNOW
US$240.45
Snowflake
7D
-14.2%
1Y
14.0%
Narrative Update • Jun 05

Snowflake Q1 FY2027: Growth Reaccelerates, AWS Megadeal Signals Demand

Overall a strong quarter, with revenue of $1.39b up 34% from the year prior, and an operating loss of $297m compared to $424m one year ago Snowflake raised guidance for full year 2027 revenue of $5.84b, up from $5.66b One thing to note is that remaining performance obligations at the end of the quarter of $9.2b, which was up from $6.7b one year ago, but actually down slightly from $9.8b at the end of last quarter. However, this might reflect the timing of customer renewals more than a softening of demand Management again highlighted the launch and uptake of AI features - notably Snowflake Intelligence, Cortex Agents, and Cortex Code - in its commentary Snowflake also announced a ~$6b compute deal with AWS over the next 5 years, reflecting expectations of increased demand from customers It also announced the acquisition of Natoma, an enterprise MCP (Model Context Protocol) platform that governs how AI agents connect to and take actions across enterprise systems, extending Snowflake's governance perimeter from data to AI agent activity That's all for this one - catch you in the next update!
AIAI
US$12.95
AIAI Holdings
7D
0.2%
1Y
n/a
BNAI
US$18.27
Brand Engagement Network
7D
31.0%
1Y
245.9%
YAAS
US$0.91
Youxin Technology
7D
2.7%
1Y
-99.6%