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U.S. Tech Hardware Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies48
  • 7D7.1%
  • 3M5.2%
  • 1Y25.3%
  • YTD5.0%

In the last week, the Tech Hardware industry is up 7.1%, with Apple up 7.2%. In the same time, IonQ was down 12%. This means that the industry has gained 25% over the past year. Earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026US$4.5tUS$552.7bUS$121.6b29.5x36.9x8.1x
Tue, 06 Jan 2026US$4.2tUS$514.0bUS$111.8b24.7x37.4x8.1x
Thu, 04 Dec 2025US$4.4tUS$512.9bUS$113.1b25.6x39x8.6x
Sat, 01 Nov 2025US$4.2tUS$505.1bUS$100.8b28.9x42x8.4x
Mon, 29 Sep 2025US$4.0tUS$504.4bUS$100.3b26x39.7x7.9x
Wed, 27 Aug 2025US$3.5tUS$502.8bUS$100.5b21.5x35.1x7x
Fri, 25 Jul 2025US$3.4tUS$500.2bUS$98.6b19.6x34x6.7x
Sun, 22 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31.2x6.1x
Tue, 20 May 2025US$3.3tUS$499.6bUS$100.0b16.7x32.8x6.6x
Thu, 17 Apr 2025US$3.1tUS$494.0bUS$101.2b11.7x31x6.3x
Sat, 15 Mar 2025US$3.3tUS$494.1bUS$101.2b16.5x32.2x6.6x
Mon, 10 Feb 2025US$3.6tUS$479.7bUS$100.5b21.7x35.4x7.4x
Wed, 08 Jan 2025US$3.8tUS$473.9bUS$97.2b23.8x39.5x8.1x
Fri, 06 Dec 2024US$3.8tUS$472.8bUS$96.5b22.7x39.5x8.1x
Sun, 03 Nov 2024US$3.5tUS$472.6bUS$98.6b14.6x35.4x7.4x
Tue, 01 Oct 2024US$3.7tUS$466.0bUS$106.7b15.2x34.4x7.9x
Thu, 29 Aug 2024US$3.6tUS$465.2bUS$106.5b21.6x33.8x7.7x
Sat, 27 Jul 2024US$3.5tUS$456.9bUS$103.3b26.3x33.6x7.6x
Mon, 24 Jun 2024US$3.3tUS$457.1bUS$103.2b26.6x32.4x7.3x
Wed, 22 May 2024US$3.1tUS$456.7bUS$103.3b27.6x29.8x6.7x
Fri, 19 Apr 2024US$2.7tUS$457.8bUS$102.9b23.8x26.5x6x
Sun, 17 Mar 2024US$2.8tUS$457.8bUS$102.8b26.4x27.4x6.2x
Tue, 13 Feb 2024US$3.0tUS$458.7bUS$102.6b28.6x29.4x6.6x
Thu, 11 Jan 2024US$3.0tUS$454.7bUS$98.6b27.8x30.2x6.6x
Sat, 09 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.6x6.8x
Mon, 06 Nov 2023US$2.8tUS$452.4bUS$97.1b20.6x29.2x6.3x
Wed, 04 Oct 2023US$2.8tUS$453.8bUS$95.1b22.3x29.5x6.2x
Fri, 01 Sep 2023US$3.0tUS$453.9bUS$95.1b22.7x31.9x6.7x
Sun, 30 Jul 2023US$3.2tUS$456.4bUS$95.7b32.8x33x6.9x
Tue, 27 Jun 2023US$3.0tUS$456.4bUS$95.7b30.9x31.3x6.6x
Thu, 25 May 2023US$2.8tUS$456.4bUS$95.7b25x29x6.1x
Sat, 22 Apr 2023US$2.7tUS$460.5bUS$97.1b24.7x27.6x5.8x
Mon, 20 Mar 2023US$2.5tUS$460.5bUS$97.0b24.3x26x5.5x
Wed, 15 Feb 2023US$2.5tUS$460.1bUS$97.3b25.5x25.7x5.4x
Price to Earnings Ratio

25.7x


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 32.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Tech industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.9x which is higher than its 3-year average PE of 32.6x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 8.1x.
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-0.071%
Tech-1.49%
Tech Hardware7.14%
Tech Hardware Storage and Peripherals7.14%
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
AAPL AppleUS$278.127.2%
+US$273.7b		22.2%PE34.7x
WDC Western DigitalUS$282.5812.9%
+US$11.0b		338.4%PE24.3x
STX Seagate Technology HoldingsUS$429.325.3%
+US$4.7b		346.5%PE47.5x
DELL Dell TechnologiesUS$121.055.8%
+US$4.4b		13.8%PE15.4x
SMCI Super Micro ComputerUS$34.3818.1%
+US$3.2b		-5.2%PE23.6x

Latest News

WDC
US$282.58
Western Digital
7D
12.9%
1Y
338.4%
HPE
US$23.61
Hewlett Packard Enterprise
7D
9.7%
1Y
11.0%
SMCI
US$34.38
Super Micro Computer
7D
18.1%
1Y
-5.2%

SMCI: AI Server Positioning And New Liquid Cooling Will Drive Repricing

Analysts have trimmed their fair value estimate for Super Micro Computer from US$80.58 to US$60.00, reflecting updated assumptions for slower revenue growth, lower profit margins, and a higher future P/E, as seen in a mix of recent price target reductions and a smaller price target increase across covering firms. Analyst Commentary Recent Street research on Super Micro Computer has been mixed, but you can still see some confidence around the company’s ability to execute and create value over time.
QMCO
US$5.89
Quantum
7D
-5.0%
1Y
-68.8%

Quantum Corporation's (NASDAQ:QMCO) 38% Dip In Price Shows Sentiment Is Matching Revenues

Feb 06
Quantum Corporation's (NASDAQ:QMCO) 38% Dip In Price Shows Sentiment Is Matching Revenues
DELL
US$121.05
Dell Technologies
7D
5.8%
1Y
13.8%
IONQ
US$34.99
IonQ
7D
-12.5%
1Y
-13.8%
STX
US$429.32
Seagate Technology Holdings
7D
5.3%
1Y
346.5%

STX: HDD Pricing Power In AI Cycle Will Support Future Upside

Analysts have raised their price target on Seagate Technology Holdings to US$505.00 from US$459.66, citing updated assumptions for faster revenue growth, a slightly adjusted discount rate, a lower profit margin profile, and a higher future P/E multiple. Analyst Commentary Recent research updates around Seagate Technology Holdings point to a broadly constructive tone, with a series of price target increases and rating upgrades clustering over the past several months.
NTAP
US$103.34
NetApp
7D
7.3%
1Y
-15.9%

NTAP: Margin Strength And Flash Leadership Will Support Future Upside

Analysts have nudged their price expectations for NetApp to about $123 per share, reflecting steady views on revenue, margins and future P/E. They are also factoring in recent research that highlights solid execution in all flash arrays, firm gross margins, and a mix of Buy, Overweight and Neutral ratings with targets ranging from $120 to $134.
SNDK
US$597.95
Sandisk
7D
3.8%
1Y
n/a

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
VTIX
US$6.00
Virtuix Holdings
7D
-10.7%
1Y
n/a
AAPL
US$278.12
Apple
7D
7.2%
1Y
22.2%

AAPL: AI Partnership And Services Engine Will Support Measured Long-Term Risk Reward

The analyst price target for Apple nudged higher to around $292 from about $287 as analysts factor in firmer App Store trends and a series of recent target hikes tied to services strength and the Google Gemini partnership, while also trimming long term revenue growth and P/E assumptions, but slightly lifting profit margin expectations. Analyst Commentary Recent research on Apple has centered on two main themes: the pace of services growth, particularly in the App Store, and the implications of the Google Gemini partnership and rising memory costs for margins and valuation.
CAN
US$0.59
Canaan
7D
-13.3%
1Y
-68.8%

CAN: Self Mining Expansion And Share Buybacks Will Support Long Term Upside

Analysts have trimmed their price targets for Canaan to reflect a slightly higher discount rate and lower assumed future P/E, partly offset by a more optimistic profit margin outlook. This has resulted in a modestly reduced fair value estimate that incorporates these updated assumptions.
OSS
US$9.24
One Stop Systems
7D
-6.6%
1Y
127.6%

OSS: Bressner Sale Will Limit Upside If M&A Execution Disappoints

Narrative Update on One Stop Systems Analysts have lifted their price target on One Stop Systems to $9.00, up $0.50, citing the sale of the low margin European reseller Bressner Technology for $22.4m and the potential to redeploy proceeds into M&A, along with prior commentary around better than expected Q3 results and a completed turnaround. Analyst Commentary Recent research has focused on two main drivers for One Stop Systems: the sale of Bressner Technology and the recent Q3 performance, with both feeding into higher price targets and a more constructive narrative around execution and capital allocation.
BGIN
US$2.94
Bgin Blockchain
7D
-1.7%
1Y
n/a

Bgin Blockchain IPOs Into A Bear Market

Nov 18
MOVE
US$13.96
Movano
7D
-18.5%
1Y
-73.9%
EBON
US$2.54
Ebang International Holdings
7D
-14.8%
1Y
-54.5%