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U.S. Tech Hardware Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies50
  • 7D-1.7%
  • 3M-3.9%
  • 1Y20.5%
  • YTD-2.0%

Over the last 7 days, the Tech Hardware industry has dropped 1.7%, driven by a pullback from Apple of 1.8%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026US$4.1tUS$553.2bUS$122.8b25.3x33.8x7.5x
Thu, 05 Feb 2026US$4.4tUS$552.7bUS$121.6b28.8x36x7.9x
Sat, 03 Jan 2026US$4.2tUS$514.0bUS$111.8b24.7x37.8x8.2x
Mon, 01 Dec 2025US$4.3tUS$512.8bUS$113.1b25.4x38.4x8.5x
Wed, 29 Oct 2025US$4.2tUS$504.7bUS$100.3b27.5x42x8.3x
Fri, 26 Sep 2025US$3.9tUS$504.4bUS$100.3b26.2x39.3x7.8x
Sun, 24 Aug 2025US$3.5tUS$502.8bUS$100.5b21.5x35.2x7x
Tue, 22 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.6x6.6x
Thu, 19 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31x6.1x
Sat, 17 May 2025US$3.3tUS$499.6bUS$100.0b16.4x32.8x6.6x
Mon, 14 Apr 2025US$3.1tUS$494.0bUS$101.2b13.6x30.3x6.2x
Wed, 12 Mar 2025US$3.5tUS$494.0bUS$101.2b16.3x34.8x7.1x
Fri, 07 Feb 2025US$3.6tUS$479.7bUS$100.5b21.8x36.1x7.6x
Sun, 05 Jan 2025US$3.8tUS$473.9bUS$97.2b23.5x39.2x8x
Tue, 03 Dec 2024US$3.7tUS$472.7bUS$96.5b21.8x38.5x7.9x
Thu, 31 Oct 2024US$3.6tUS$467.2bUS$106.7b16x34x7.8x
Sat, 28 Sep 2024US$3.6tUS$466.0bUS$106.7b18x33.6x7.7x
Mon, 26 Aug 2024US$3.6tUS$465.2bUS$106.5b24.9x33.7x7.7x
Wed, 24 Jul 2024US$3.6tUS$457.1bUS$103.2b27x34.7x7.8x
Fri, 21 Jun 2024US$3.5tUS$457.1bUS$103.2b26.6x33.4x7.6x
Sun, 19 May 2024US$3.1tUS$456.7bUS$103.3b28x29.8x6.7x
Tue, 16 Apr 2024US$2.9tUS$457.8bUS$102.9b24.5x27.9x6.3x
Thu, 14 Mar 2024US$2.8tUS$457.8bUS$102.7b26.2x27.3x6.1x
Sat, 10 Feb 2024US$3.0tUS$458.7bUS$102.6b28.9x29.6x6.6x
Mon, 08 Jan 2024US$2.9tUS$454.7bUS$98.6b26.6x29.6x6.4x
Wed, 06 Dec 2023US$3.0tUS$455.3bUS$98.5b27x30.9x6.7x
Fri, 03 Nov 2023US$2.8tUS$453.0bUS$94.8b19.9x29.6x6.2x
Sun, 01 Oct 2023US$2.8tUS$453.8bUS$95.1b22.7x29.1x6.1x
Tue, 29 Aug 2023US$2.9tUS$453.8bUS$95.2b25.2x30.3x6.3x
Thu, 27 Jul 2023US$3.1tUS$456.4bUS$95.7b32.4x32.8x6.9x
Sat, 24 Jun 2023US$3.0tUS$456.4bUS$95.7b31.1x31.6x6.6x
Mon, 22 May 2023US$2.8tUS$456.4bUS$95.7b25.5x29.6x6.2x
Wed, 19 Apr 2023US$2.7tUS$460.5bUS$97.1b25.8x27.9x5.9x
Fri, 17 Mar 2023US$2.5tUS$460.5bUS$96.9b25.9x26.1x5.5x
Price to Earnings Ratio

26.1x


Total Market Cap: US$2.5tTotal Earnings: US$96.9bTotal Revenue: US$460.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 32.9x202420252026
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 32.9x.
  • The industry is trading close to its 3-year average PS ratio of 7.0x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.2% 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-1.50%
Tech0.60%
Tech Hardware-1.74%
Tech Hardware Storage and Peripherals-1.74%
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$588.734.1%
+US$3.4b		1,028.7%PS9.7x
HPQ HPUS$18.931.2%
+US$210.3m		-36.9%PE6.9x
SMCI Super Micro ComputerUS$31.980.5%
+US$137.6m		-13.3%PE22x
NTAP NetAppUS$100.610.5%
+US$90.8m		9.3%PE16.4x
PMTS CPI Card GroupUS$15.4925.9%
+US$37.4m		-45.2%PE11.9x

Latest News

HPE
US$21.81
Hewlett Packard Enterprise
7D
-1.4%
1Y
44.6%
SMCI
US$31.98
Super Micro Computer
7D
0.5%
1Y
-13.3%

SMCI: AI Data Center Partnerships Will Support Repricing Into 2026

Analysts have made a modest adjustment to their price targets on Super Micro Computer, with changes clustering in a narrow $2 to $11 range as they factor in updated views on AI related demand, valuation, and sector positioning for 2026. Analyst Commentary Recent Super Micro price target moves sit within a relatively tight band, but the tone of the research still gives you useful clues about how the Street is thinking about valuation, execution, and growth into 2026.
STX
US$374.33
Seagate Technology Holdings
7D
-1.4%
1Y
333.2%
PMTS
US$15.49
CPI Card Group
7D
25.9%
1Y
-45.2%

PMTS: Ownership Stake Increase Will Support Future Upside Potential

Analysts have maintained their price target for CPI Card Group at $28.25, indicating that their views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions remain unchanged. What's in the News CPI Card Group announced that Chief Financial Officer Jeffrey Hochstadt has ceased serving as CFO effective February 13, 2026, and will stay on in an advisory role through June 30, 2026 to support the transition (Key Developments).
DELL
US$146.51
Dell Technologies
7D
-4.6%
1Y
62.2%
AAPL
US$259.88
Apple
7D
-1.8%
1Y
14.2%
GPGI
US$20.65
GPGI
7D
-8.4%
1Y
92.6%

GPGI Inc. (GPGI): The Multi-Industry Compounder – Launching the "Permanent Capital" Era in 2026.

GPGI Inc., formerly known as CompoSecure, is navigating a transformative first quarter following its major corporate rebrand and the $5 billion acquisition of Husky Technologies. As of the March 4, 2026, close, the stock is trading at $23.50 , posting a sharp 6.29% gain during the session.
HPQ
US$18.93
HP
7D
1.2%
1Y
-36.9%
WDC
US$262.06
Western Digital
7D
-3.0%
1Y
546.4%
CAN
US$0.51
Canaan
7D
6.2%
1Y
-51.5%

CAN: Bitcoin Mining And Buyback Activity Will Underpin Future Upside Potential

Analysts have reduced their fair value estimate for Canaan from $4.00 to about $2.99, citing updated assumptions for revenue growth, profit margins, the discount rate, and a much higher assumed future P/E of roughly 62x compared with about 6x previously. What's in the News Canaan reported unaudited production results for January 2026, with 83 Bitcoins mined for the month.
PSTG
US$62.87
Everpure
7D
-4.1%
1Y
31.3%

PSTG: AI Storage Demand And Buybacks Will Support Future Upside

Our analyst fair value estimate for Everpure has been adjusted down from $95.16 to $91.00 as analysts incorporate slightly lower revenue growth, softer profit margins, and a marginally reduced future P/E, in line with the broader series of trimmed price targets across the storage peer group. Analyst Commentary Street research around Everpure's closest storage peer, Pure Storage, helps frame how analysts are thinking about Everpure's risk and reward.
NTAP
US$100.61
NetApp
7D
0.5%
1Y
9.3%
SNDK
US$588.73
Sandisk
7D
4.1%
1Y
1,028.7%
TBCH
US$13.33
Turtle Beach
7D
6.1%
1Y
-9.4%
IONQ
US$35.87
IonQ
7D
-6.4%
1Y
96.3%
BGIN
US$2.80
Bgin Blockchain
7D
10.7%
1Y
n/a

Bgin Blockchain IPOs Into A Bear Market

Nov 18