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U.S. Tech Hardware Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies43
  • 7D2.6%
  • 3M23.6%
  • 1Y18.6%
  • YTD17.4%

The Tech Hardware industry is up 1.3% in the last week, with Apple up 1.1%. In the last 12 months, the industry was up 17%. Earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025US$4.3tUS$512.8bUS$113.1b25.3x38.4x8.5x
Thu, 30 Oct 2025US$4.2tUS$504.7bUS$100.3b29x42.1x8.4x
Sat, 27 Sep 2025US$4.0tUS$504.4bUS$100.3b26x40x7.9x
Mon, 25 Aug 2025US$3.5tUS$502.8bUS$100.5b21.5x35.2x7x
Wed, 23 Jul 2025US$3.3tUS$499.8bUS$98.6b19.5x33.7x6.6x
Fri, 20 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31.2x6.1x
Sun, 18 May 2025US$3.3tUS$499.6bUS$100.0b16.4x32.8x6.6x
Tue, 15 Apr 2025US$3.1tUS$494.0bUS$101.2b13.6x30.3x6.2x
Thu, 13 Mar 2025US$3.4tUS$494.0bUS$101.2b16.4x33.9x6.9x
Sat, 08 Feb 2025US$3.6tUS$479.7bUS$100.5b21.7x36.2x7.6x
Mon, 06 Jan 2025US$3.8tUS$473.9bUS$97.2b23.5x39.2x8x
Wed, 04 Dec 2024US$3.8tUS$472.7bUS$96.5b22x38.9x7.9x
Fri, 01 Nov 2024US$3.5tUS$467.2bUS$106.7b15x33.3x7.6x
Sun, 29 Sep 2024US$3.6tUS$466.0bUS$106.7b18x33.6x7.7x
Tue, 27 Aug 2024US$3.6tUS$465.2bUS$106.5b24.3x33.7x7.7x
Thu, 25 Jul 2024US$3.6tUS$457.1bUS$103.2b26.2x34.9x7.9x
Sat, 22 Jun 2024US$3.4tUS$457.1bUS$103.2b26.6x32.7x7.4x
Mon, 20 May 2024US$3.1tUS$456.7bUS$103.3b28x29.8x6.7x
Wed, 17 Apr 2024US$2.8tUS$457.8bUS$102.9b24.2x27.3x6.1x
Fri, 15 Mar 2024US$2.8tUS$457.8bUS$102.8b26.5x27.3x6.1x
Sun, 11 Feb 2024US$3.0tUS$458.7bUS$102.6b28.9x29.6x6.6x
Tue, 09 Jan 2024US$2.9tUS$454.7bUS$98.6b29.2x29.6x6.4x
Thu, 07 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.3x6.8x
Sat, 04 Nov 2023US$2.8tUS$452.4bUS$97.1b20.5x29.2x6.3x
Mon, 02 Oct 2023US$2.8tUS$453.8bUS$95.1b22.7x29.1x6.1x
Wed, 30 Aug 2023US$3.0tUS$453.8bUS$95.2b26x31.2x6.5x
Fri, 28 Jul 2023US$3.2tUS$456.4bUS$95.7b32.4x33.2x7x
Sun, 25 Jun 2023US$3.0tUS$456.4bUS$95.7b31.1x31.6x6.6x
Tue, 23 May 2023US$2.8tUS$456.4bUS$95.7b25.5x29.4x6.2x
Thu, 20 Apr 2023US$2.7tUS$460.5bUS$97.1b25.3x28x5.9x
Sat, 18 Mar 2023US$2.5tUS$460.5bUS$97.0b24.3x26x5.5x
Mon, 13 Feb 2023US$2.5tUS$460.1bUS$97.3b25.1x25.3x5.4x
Wed, 11 Jan 2023US$2.2tUS$467.8bUS$102.0b23x21.1x4.6x
Fri, 09 Dec 2022US$2.3tUS$467.8bUS$102.0b23.4x22.9x5x
Price to Earnings Ratio

22.9x


Total Market Cap: US$2.3tTotal Earnings: US$102.0bTotal Revenue: US$467.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 31.7x202320242025
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 37.8x which is higher than its 3-year average PE of 31.7x.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market1.79%
Tech1.83%
Tech Hardware2.61%
Tech Hardware Storage and Peripherals2.61%
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$283.102.2%
+US$90.6b		16.7%PE37.3x
DELL Dell TechnologiesUS$132.093.8%
+US$3.3b		5.0%PE17x
WDC Western DigitalUS$163.545.2%
+US$2.8b		128.1%PE21.5x
STX Seagate Technology HoldingsUS$270.103.1%
+US$1.8b		173.4%PE34.4x
PSTG Pure StorageUS$88.556.5%
+US$1.8b		65.4%PE209.1x

Latest News

AAPL
US$283.10
Apple
7D
2.2%
1Y
16.7%
ALOT
US$7.45
AstroNova
7D
-5.8%
1Y
-50.5%
NTAP
US$112.27
NetApp
7D
0.7%
1Y
-9.9%

NTAP: Solid Margin Performance Will Drive Shares Higher In Coming Quarters

NetApp's analyst price target has increased from $121.27 to $125.00. This reflects analyst confidence in the company's solid margin performance and continued growth in key product areas following a strong earnings report.
DELL
US$132.09
Dell Technologies
7D
3.8%
1Y
5.0%

DELL: Expanding Tier-2 Cloud Demand Will Sustain AI-Driven Earnings Momentum

The consensus analyst price target for Dell Technologies was reduced slightly, moving from approximately $164 to $162.87. Analysts cite resilient margin performance despite increased memory costs and continued strong AI-driven demand.
WDC
US$163.54
Western Digital
7D
5.2%
1Y
128.1%
STX
US$270.10
Seagate Technology Holdings
7D
3.1%
1Y
173.4%
SMCI
US$33.41
Super Micro Computer
7D
2.9%
1Y
-16.9%
SNDK
US$210.17
Sandisk
7D
-4.7%
1Y
n/a
IMMR
US$6.70
Immersion
7D
-6.4%
1Y
-25.7%
HPE
US$21.94
Hewlett Packard Enterprise
7D
2.7%
1Y
3.0%

HPE: Networking Growth And Supercomputing Partnerships Will Drive Outlook Amid Merger Scrutiny

Hewlett Packard Enterprise's analyst price target has shifted slightly to $26.50 from $26.51, as analysts factor in higher input costs and evolving hardware demand trends into their assessments. Analyst Commentary Recent analyst activity around Hewlett Packard Enterprise (HPE) reflects an evolving landscape of both optimism and caution as market dynamics and company-specific developments inform revised expectations.
QUBT
US$10.95
Quantum Computing
7D
-5.6%
1Y
77.5%
FOXX
US$4.46
Foxx Development Holdings
7D
-9.7%
1Y
32.3%
PSTG
US$88.55
Pure Storage
7D
6.5%
1Y
65.4%

PSTG: Upcoming Cloud Expansion Will Drive Demand Amid Hyperscale Uncertainty

Pure Storage's fair value estimate has been raised to $92.21 from $89.39. Analysts cite broad-based price target increases driven by stronger-than-expected revenue growth, expanding enterprise demand, and positive momentum from AI and technology partnerships.
XRX
US$2.67
Xerox Holdings
7D
-2.2%
1Y
-69.8%
TBCH
US$13.60
Turtle Beach
7D
-0.9%
1Y
-22.9%

TBCH: Video Game Sector Momentum Will Drive Accessory Demand Through 2026

The analyst price target for Turtle Beach has been raised from $17.38 to $19.33 per share, as analysts point to strong video game sector growth, improved product releases, and anticipated margin expansion supporting a higher valuation. Analyst Commentary Recent analyst coverage of Turtle Beach reflects optimism about the company's prospects, as well as a few cautions regarding market dynamics and execution.
BGIN
US$2.78
Bgin Blockchain
7D
-12.6%
1Y
n/a

Bgin Blockchain IPOs Into A Bear Market

Nov 18