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U.S. Tech Hardware Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies48
  • 7D-7.3%
  • 3M-2.9%
  • 1Y10.1%
  • YTD-2.7%

Over the last 7 days, the Tech Hardware industry has dropped 7.3%, driven by a pullback from Apple of 8.0%. This takes the industry's 12 month performance to a gain of 10%. As for the next few years, earnings are expected to grow by 9.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026US$4.2tUS$552.9bUS$121.7b27.3x34.9x7.7x
Mon, 12 Jan 2026US$4.1tUS$514.0bUS$111.8b26.4x36.3x7.9x
Wed, 10 Dec 2025US$4.3tUS$514.1bUS$111.9b26.4x38.7x8.4x
Fri, 07 Nov 2025US$4.2tUS$512.3bUS$113.2b27.2x37.3x8.2x
Sun, 05 Oct 2025US$4.0tUS$504.4bUS$100.3b28.5x40.3x8x
Tue, 02 Sep 2025US$3.6tUS$502.9bUS$100.5b21.6x35.9x7.2x
Thu, 31 Jul 2025US$3.3tUS$500.2bUS$98.6b20x33.3x6.6x
Sat, 28 Jun 2025US$3.1tUS$500.2bUS$98.5b18.2x31.9x6.3x
Mon, 26 May 2025US$3.0tUS$499.7bUS$99.9b16.5x30.4x6.1x
Wed, 23 Apr 2025US$3.0tUS$494.1bUS$101.2b11.5x29.6x6.1x
Fri, 21 Mar 2025US$3.3tUS$494.0bUS$101.2b16.1x33.1x6.8x
Sun, 16 Feb 2025US$3.8tUS$479.7bUS$100.4b22.1x38x8x
Tue, 14 Jan 2025US$3.7tUS$473.9bUS$97.2b22.4x38x7.8x
Thu, 12 Dec 2024US$3.9tUS$473.9bUS$97.2b21.7x39.9x8.2x
Sat, 09 Nov 2024US$3.6tUS$472.6bUS$96.4b30x36.9x7.5x
Mon, 07 Oct 2024US$3.6tUS$466.0bUS$106.7b17.9x33.5x7.7x
Wed, 04 Sep 2024US$3.6tUS$465.4bUS$106.6b21.7x33.8x7.7x
Fri, 02 Aug 2024US$3.5tUS$458.0bUS$104.4b25.6x34x7.7x
Sun, 30 Jun 2024US$3.4tUS$457.1bUS$103.3b26.9x32.8x7.4x
Tue, 28 May 2024US$3.1tUS$456.7bUS$103.3b28.1x29.7x6.7x
Thu, 25 Apr 2024US$2.7tUS$457.6bUS$102.7b23.9x26.4x5.9x
Sat, 23 Mar 2024US$2.8tUS$457.8bUS$102.9b26.4x27.3x6.1x
Mon, 19 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.7x6.4x
Wed, 17 Jan 2024US$3.0tUS$454.7bUS$98.6b27.4x30.2x6.5x
Fri, 15 Dec 2023US$3.2tUS$455.3bUS$98.5b26.8x32.2x7x
Sun, 12 Nov 2023US$3.0tUS$456.1bUS$98.2b19x30.4x6.6x
Tue, 10 Oct 2023US$2.9tUS$453.8bUS$95.1b24x30.4x6.4x
Thu, 07 Sep 2023US$3.0tUS$453.9bUS$95.1b22.7x31.1x6.5x
Sat, 05 Aug 2023US$2.9tUS$453.5bUS$95.2b31.7x30.9x6.5x
Mon, 03 Jul 2023US$3.1tUS$456.4bUS$95.7b32.3x32.8x6.9x
Wed, 31 May 2023US$2.9tUS$456.3bUS$95.6b29.6x30x6.3x
Fri, 28 Apr 2023US$2.7tUS$460.6bUS$97.2b24.8x28.1x5.9x
Sun, 26 Mar 2023US$2.6tUS$460.6bUS$97.0b23.9x26.9x5.7x
Tue, 21 Feb 2023US$2.5tUS$460.1bUS$97.3b25.4x25.6x5.4x
Price to Earnings Ratio

25.6x


Total Market Cap: US$2.5tTotal Earnings: US$97.3bTotal Revenue: US$460.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 32.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Tech 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 32.7x.
  • The 3-year average PS ratio of 7.0x is lower than the industry's current PS ratio of 7.7x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 7.7% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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-1.39%
Tech-1.62%
Tech Hardware-7.32%
Tech Hardware Storage and Peripherals-7.32%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SNDK SandiskUS$626.564.8%
+US$4.2b		1,609.6%PS10.4x
PSTG Pure StorageUS$73.854.0%
+US$944.3m		8.9%PE187x
DBD Diebold NixdorfUS$80.3011.8%
+US$304.5m		72.3%PE30.4x
CRSR Corsair GamingUS$6.7931.3%
+US$172.7m		-45.3%PS0.5x
GPGI GPGIUS$24.630.7%
+US$49.2m		57.5%PS44.4x

Latest News

FOXX
US$4.94
Foxx Development Holdings
7D
1.4%
1Y
23.5%
CRSR
US$6.79
Corsair Gaming
7D
31.3%
1Y
-45.3%
DBD
US$80.30
Diebold Nixdorf
7D
11.8%
1Y
72.3%
SMCI
US$30.54
Super Micro Computer
7D
-11.2%
1Y
-36.3%
AAPL
US$255.78
Apple
7D
-8.0%
1Y
4.6%
HPQ
US$19.26
HP
7D
-2.0%
1Y
-42.7%

HPQ: Memory Costs Leadership Change And AI PCs Will Shape 2026 Outlook

Analysts have trimmed their HP Inc. price targets, with our fair value estimate moving from $21.17 to $18.00 as they factor in leadership changes, expected memory cost headwinds into 2026, and more conservative revenue growth assumptions, despite slightly firmer margin expectations and a lower future P/E multiple.
STX
US$425.99
Seagate Technology Holdings
7D
-0.8%
1Y
319.8%
GPGI
US$24.63
GPGI
7D
0.7%
1Y
57.5%

GPGI: Margin Progress And Issuer Partnerships Will Guide Balanced Future Outlook

Narrative Update Analysts lifted their price target on GPGI from US$25.50 to US$26.00, citing sustained margin improvement, stronger organic growth, and potential upside from issuer partnerships similar to the recent street commentary on CompoSecure. Analyst Commentary Recent research on CompoSecure is shaping how investors think about GPGI, particularly where card manufacturing, issuer relationships, and margins intersect.
HPE
US$22.69
Hewlett Packard Enterprise
7D
-3.9%
1Y
4.5%
DELL
US$117.49
Dell Technologies
7D
-2.9%
1Y
2.7%

DELL: AI Server Momentum Will Outweigh Memory Supercycle Margin Pressures

Narrative Update: Dell Technologies Analyst Price Target Shift The updated analyst fair value estimate for Dell Technologies has moved slightly higher to about US$197.87, with analysts citing a mix of trimmed revenue growth and profit margin assumptions, a modestly higher discount rate, and a higher future P/E expectation. This outlook is supported by recent research that highlights strong AI server positioning, alongside more cautious views on memory cost inflation and hardware demand.
WDC
US$281.58
Western Digital
7D
-0.4%
1Y
311.7%
IONQ
US$34.11
IonQ
7D
-2.5%
1Y
-8.9%
SNDK
US$626.56
Sandisk
7D
4.8%
1Y
1,609.6%

News Flash: Analysts Just Made A Dazzling Upgrade To Their Sandisk Corporation (NASDAQ:SNDK) Forecasts

Feb 04
News Flash: Analysts Just Made A Dazzling Upgrade To Their Sandisk Corporation (NASDAQ:SNDK) Forecasts
PSTG
US$73.85
Pure Storage
7D
4.0%
1Y
8.9%

PSTG: AI Workloads And Buybacks Will Support Future Premium P E

Pure Storage’s updated analyst price targets, including JPMorgan’s move to $110 and Morgan Stanley’s to $90, reflect analysts’ view that AI-related demand and ongoing share gains can support the current premium P/E. At the same time, they are watching for broader customer adoption and reassessing growth and margin assumptions.
TACT
US$3.63
TransAct Technologies
7D
1.3%
1Y
-19.1%
EBON
US$2.55
Ebang International Holdings
7D
0.4%
1Y
-54.7%