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U.S. Tech Hardware Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies48
  • 7D4.5%
  • 3M8.2%
  • 1Y49.9%
  • YTD10.6%

Over the last 7 days, the Tech Hardware industry has risen 4.5%, driven by gains from Apple of 3.3%. This means that the industry has gained 50% over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 May 2026US$4.7tUS$577.5bUS$133.2b29.3x35.5x8.2x
Wed, 01 Apr 2026US$4.0tUS$556.2bUS$122.6b23.2x32.5x7.2x
Fri, 27 Feb 2026US$4.4tUS$553.1bUS$122.7b27.6x36.2x8x
Sun, 25 Jan 2026US$3.9tUS$514.0bUS$111.8b31.1x35.1x7.6x
Tue, 23 Dec 2025US$4.2tUS$514.1bUS$111.9b23.4x37.8x8.2x
Thu, 20 Nov 2025US$4.2tUS$512.7bUS$113.1b24.7x36.9x8.1x
Sat, 18 Oct 2025US$3.9tUS$504.4bUS$100.3b27.1x38.8x7.7x
Mon, 15 Sep 2025US$3.7tUS$504.4bUS$100.3b25.5x36.5x7.3x
Wed, 13 Aug 2025US$3.5tUS$502.7bUS$100.7b20.4x35x7x
Fri, 11 Jul 2025US$3.3tUS$500.2bUS$98.6b20.4x33.7x6.6x
Sun, 08 Jun 2025US$3.2tUS$500.2bUS$98.5b18.2x32.2x6.4x
Tue, 06 May 2025US$3.2tUS$498.6bUS$102.2b13.3x31.1x6.4x
Thu, 03 Apr 2025US$3.5tUS$494.0bUS$101.2b14.4x34.1x7x
Sat, 01 Mar 2025US$3.8tUS$492.7bUS$100.5b17.8x37.4x7.6x
Mon, 27 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x35.9x7.4x
Wed, 25 Dec 2024US$4.0tUS$473.9bUS$97.2b26.6x41.5x8.5x
Fri, 22 Nov 2024US$3.6tUS$472.6bUS$96.4b23.9x37.1x7.6x
Sun, 20 Oct 2024US$3.7tUS$466.0bUS$106.8b19.7x34.7x7.9x
Tue, 17 Sep 2024US$3.5tUS$466.0bUS$106.7b21.4x32.8x7.5x
Thu, 15 Aug 2024US$3.5tUS$465.1bUS$106.7b23.9x32.7x7.5x
Sat, 13 Jul 2024US$3.7tUS$457.1bUS$103.3b27.2x35.4x8x
Mon, 10 Jun 2024US$3.2tUS$457.1bUS$103.2b25.8x30.7x6.9x
Wed, 08 May 2024US$2.9tUS$456.7bUS$103.3b25.7x28.5x6.4x
Fri, 05 Apr 2024US$2.8tUS$457.8bUS$102.9b24.4x26.9x6x
Sun, 03 Mar 2024US$2.9tUS$457.8bUS$102.6b27.5x28.5x6.4x
Tue, 30 Jan 2024US$3.1tUS$454.4bUS$98.6b30.6x31.3x6.8x
Thu, 28 Dec 2023US$3.1tUS$455.3bUS$98.5b26.9x31.5x6.8x
Sat, 25 Nov 2023US$3.0tUS$456.1bUS$98.1b21.8x31x6.7x
Mon, 23 Oct 2023US$2.8tUS$453.8bUS$95.1b20.5x29.3x6.1x
Wed, 20 Sep 2023US$2.9tUS$453.9bUS$95.1b20.5x30.4x6.4x
Fri, 18 Aug 2023US$2.9tUS$454.0bUS$95.2b25.1x30x6.3x
Sun, 16 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Tue, 13 Jun 2023US$3.0tUS$456.4bUS$95.7b30.6x31.1x6.5x
Thu, 11 May 2023US$2.8tUS$456.5bUS$95.8b25.1x29.2x6.1x
Price to Earnings Ratio

29.2x


Total Market Cap: US$2.8tTotal Earnings: US$95.8bTotal Revenue: US$456.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.3x202420252026
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 33.3x.
  • The 3-year average PS ratio of 7.1x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Market0.91%
Tech0.52%
Tech Hardware4.52%
Tech Hardware Storage and Peripherals4.52%
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$280.144.7%
+US$185.7b		40.9%PE33.6x
STX Seagate Technology HoldingsUS$726.9322.0%
+US$29.5b		676.8%PE68.5x
SNDK SandiskUS$1.19k10.9%
+US$17.8b		3,329.6%PE39x
WDC Western DigitalUS$431.527.7%
+US$10.4b		858.3%PE37.1x
HPQ HPUS$20.835.4%
+US$978.6m		-19.6%PE7.6x

Latest News

WDC
US$431.52
Western Digital
7D
7.7%
1Y
858.3%
AAPL
US$280.14
Apple
7D
4.7%
1Y
40.9%
DELL
US$210.17
Dell Technologies
7D
-2.7%
1Y
122.7%
DBD
US$77.86
Diebold Nixdorf
7D
-5.4%
1Y
71.8%

Diebold Nixdorf, Incorporated Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 03
Diebold Nixdorf, Incorporated Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
HPE
US$28.57
Hewlett Packard Enterprise
7D
-0.2%
1Y
71.4%
SNDK
US$1,187.00
Sandisk
7D
10.9%
1Y
3,329.6%
PMTS
US$17.38
CPI Card Group
7D
-4.0%
1Y
-33.5%

PMTS: Long Term Partnerships And 2026 Outlook Will Drive Future Upside

Analysts have kept their price target for CPI Card Group steady at $28.25, reflecting unchanged expectations around fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News CPI Card Group renewed a multi-year service agreement with Velera, extending a relationship of more than 20 years and remaining Velera’s primary partner for payment card programs supporting over 4,000 credit unions across North America (Key Developments).
HPQ
US$20.83
HP
7D
5.4%
1Y
-19.6%
STX
US$726.93
Seagate Technology Holdings
7D
22.0%
1Y
676.8%

STX: AI Storage Cycle And Supply Discipline Will Shape Future Margin Profile

Seagate Technology Holdings' analyst price target has been reset higher, with fair value moving from about $483.07 to about $770.43 as analysts factor in updated views on revenue growth, profit margins, and future P/E multiples following a series of recent price target increases across major research firms. Analyst Commentary Across recent research updates, analysts are recalibrating their models and price targets for Seagate Technology Holdings as they reassess revenue trajectories, profitability assumptions, and the P/E they are willing to apply to the shares.
GPGI
US$15.64
GPGI
7D
-1.6%
1Y
39.0%
P
US$71.62
Everpure
7D
-3.2%
1Y
50.5%
SMCI
US$27.09
Super Micro Computer
7D
-2.7%
1Y
-15.8%
IONQ
US$46.20
IonQ
7D
5.4%
1Y
54.9%
NTAP
US$112.08
NetApp
7D
3.4%
1Y
20.4%

NTAP: Flash And Cloud Exposure Will Counter Higher Memory Cost Pressures

NetApp's analyst price target has edged lower by about $0.80 to roughly $117, as analysts factor in concerns around higher memory component costs and potential pressure on product gross margins, while still seeing some support from flash and public cloud exposure. Analyst Commentary Recent Street research on NetApp points to a mixed setup, with most firms trimming price targets and highlighting both execution strengths and margin risks tied to memory costs.
INFQ
US$12.41
Infleqtion
7D
-6.7%
1Y
n/a

Quantum Sensing And Secure Timing Will Reshape Long Term Defense And Critical Infrastructure

Catalysts About Infleqtion Infleqtion develops neutral atom based quantum computing, sensing and timing systems for defense, space and commercial applications. What are the underlying business or industry changes driving this perspective?
KODK
US$14.08
Eastman Kodak
7D
14.2%
1Y
115.0%