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U.S. Tech Hardware Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies46
  • 7D-1.0%
  • 3M-1.3%
  • 1Y12.3%
  • YTD-4.6%

Over the last 7 days, the Tech Hardware industry has remained flat, although notably Western Digital gained 11%. The past year has been better, since the industry has gained 12% in that time. As for the next few years, earnings are expected to grow by 9.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026US$4.0tUS$514.0bUS$111.8b29.1x36x7.8x
Wed, 17 Dec 2025US$4.3tUS$514.1bUS$111.9b23.8x38.1x8.3x
Fri, 14 Nov 2025US$4.3tUS$512.7bUS$113.1b26.4x37.8x8.3x
Sun, 12 Oct 2025US$3.8tUS$504.4bUS$100.3b28.3x38.4x7.6x
Tue, 09 Sep 2025US$3.7tUS$504.4bUS$100.3b22.7x36.9x7.3x
Thu, 07 Aug 2025US$3.3tUS$502.7bUS$100.9b18.9x32.9x6.6x
Sat, 05 Jul 2025US$3.3tUS$499.9bUS$98.6b20.4x33.9x6.7x
Mon, 02 Jun 2025US$3.1tUS$499.8bUS$100.0b16.9x31.2x6.3x
Wed, 30 Apr 2025US$3.3tUS$494.1bUS$101.2b12.9x32.2x6.6x
Fri, 28 Mar 2025US$3.4tUS$494.1bUS$101.2b14.3x34x7x
Sun, 23 Feb 2025US$3.8tUS$486.7bUS$100.5b22.6x38.2x7.9x
Tue, 21 Jan 2025US$3.6tUS$473.9bUS$97.2b23.8x37x7.6x
Thu, 19 Dec 2024US$4.0tUS$473.9bUS$97.2b26.4x40.8x8.4x
Sat, 16 Nov 2024US$3.6tUS$472.5bUS$96.4b22.1x36.9x7.5x
Mon, 14 Oct 2024US$3.6tUS$466.0bUS$106.7b20.1x33.6x7.7x
Wed, 11 Sep 2024US$3.5tUS$466.0bUS$106.7b20.9x32.5x7.5x
Fri, 09 Aug 2024US$3.3tUS$465.1bUS$106.7b24.7x31x7.1x
Sun, 07 Jul 2024US$3.6tUS$457.1bUS$103.3b26.9x35.1x7.9x
Tue, 04 Jun 2024US$3.1tUS$456.8bUS$103.3b28.6x30x6.8x
Thu, 02 May 2024US$2.8tUS$460.8bUS$103.7b24x26.7x6x
Sat, 30 Mar 2024US$2.8tUS$457.8bUS$102.9b24.6x27.3x6.1x
Mon, 26 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.7x6.4x
Wed, 24 Jan 2024US$3.1tUS$454.7bUS$98.6b28.7x31.5x6.8x
Fri, 22 Dec 2023US$3.1tUS$455.3bUS$98.5b27.7x31.8x6.9x
Sun, 19 Nov 2023US$3.0tUS$456.1bUS$98.1b22x31x6.7x
Tue, 17 Oct 2023US$2.9tUS$453.8bUS$95.1b24.1x30.2x6.3x
Thu, 14 Sep 2023US$2.8tUS$453.9bUS$95.1b22.4x29.6x6.2x
Sat, 12 Aug 2023US$2.9tUS$454.0bUS$95.2b25.8x30.2x6.3x
Mon, 10 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Wed, 07 Jun 2023US$2.9tUS$456.4bUS$95.7b29.9x30.3x6.4x
Fri, 05 May 2023US$2.7tUS$460.5bUS$97.2b20.9x27.7x5.8x
Sun, 02 Apr 2023US$2.7tUS$460.6bUS$97.1b25x27.6x5.8x
Tue, 28 Feb 2023US$2.4tUS$460.0bUS$97.2b24.6x24.8x5.2x
Thu, 26 Jan 2023US$2.3tUS$467.8bUS$102.0b23.2x22.7x5x
Price to Earnings Ratio

22.7x


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 32.4x202420252026
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 36.0x which is higher than its 3-year average PE of 32.4x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 3.1% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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-0.29%
Tech-0.67%
Tech Hardware-0.99%
Tech Hardware Storage and Peripherals-0.99%
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
WDC Western DigitalUS$221.5110.5%
+US$7.2b		240.6%PE29.1x
SNDK SandiskUS$413.629.6%
+US$5.3b		n/aPS7.8x
STX Seagate Technology HoldingsUS$326.237.3%
+US$4.8b		234.0%PE41.5x
CMPO CompoSecureUS$25.1213.3%
+US$4.5b		70.2%PS45.2x
PSTG Pure StorageUS$72.908.8%
+US$2.0b		10.0%PE184.6x

Latest News

KODK
US$7.13
Eastman Kodak
7D
-8.6%
1Y
-2.1%
WDC
US$221.51
Western Digital
7D
10.5%
1Y
240.6%
STX
US$326.23
Seagate Technology Holdings
7D
7.3%
1Y
234.0%
IONQ
US$50.80
IonQ
7D
2.7%
1Y
30.6%
AAPL
US$255.53
Apple
7D
-1.5%
1Y
11.1%
CMPO
US$25.12
CompoSecure
7D
13.3%
1Y
70.2%
NTAP
US$103.84
NetApp
7D
-1.5%
1Y
-14.9%
DELL
US$120.53
Dell Technologies
7D
-0.07%
1Y
9.9%
HPE
US$21.44
Hewlett Packard Enterprise
7D
-3.3%
1Y
-7.3%
SMCI
US$32.64
Super Micro Computer
7D
8.2%
1Y
5.9%
HPQ
US$20.37
HP
7D
-5.1%
1Y
-37.3%

HPQ: Memory Cost Pressures And AI PC Push Will Shape 2026 Outlook

Analysts have trimmed their HP Inc. price targets to a range of about US$21 to US$26, reflecting updated views on fair value around US$21.17 as they factor in memory cost headwinds, softer margin expectations, and lower future P/E assumptions.
CRSR
US$5.70
Corsair Gaming
7D
-1.2%
1Y
-31.5%
PSTG
US$72.90
Pure Storage
7D
8.8%
1Y
10.0%

PSTG: AI Workload Demand And Buybacks Will Support Higher Market Confidence

Analysts have lifted their fair value estimate for Pure Storage from US$89.34 to US$120.00, reflecting updated expectations for revenue growth, profit margins and future P/E, supported by recent price target increases and commentary around AI related demand. Analyst Commentary Recent research on Pure Storage highlights a mix of optimism around AI related demand and some caution around valuation and customer mix.
SNDK
US$413.62
Sandisk
7D
9.6%
1Y
n/a
IMMR
US$6.49
Immersion
7D
-0.9%
1Y
-24.8%
QUBT
US$12.70
Quantum Computing
7D
8.4%
1Y
29.2%