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U.S. Tech Hardware Industry Analysis

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies46
  • 7D1.6%
  • 3M11.8%
  • 1Y2.3%
  • YTD-4.8%

In the last week, the Tech Hardware industry is up 1.6%, with Apple up 1.6%. In the same time, IonQ was down 10%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Aug 2025US$3.6tUS$502.8bUS$100.5b20.7x35.7x7.1x
Thu, 17 Jul 2025US$3.3tUS$500.2bUS$98.6b19.5x33.2x6.5x
Sat, 14 Jun 2025US$3.1tUS$500.2bUS$98.5b17x31.5x6.2x
Mon, 12 May 2025US$3.1tUS$499.4bUS$100.0b14.5x30.8x6.2x
Wed, 09 Apr 2025US$2.8tUS$494.0bUS$101.2b12.7x27.8x5.7x
Fri, 07 Mar 2025US$3.7tUS$492.7bUS$100.5b16.4x36.4x7.4x
Sun, 02 Feb 2025US$3.7tUS$479.7bUS$100.5b21.6x36.6x7.7x
Tue, 31 Dec 2024US$4.0tUS$473.9bUS$97.2b24.2x41.1x8.4x
Thu, 28 Nov 2024US$3.7tUS$472.7bUS$96.5b21.6x38.2x7.8x
Sat, 26 Oct 2024US$3.6tUS$467.4bUS$107.9b22.5x33.7x7.8x
Mon, 23 Sep 2024US$3.6tUS$466.0bUS$106.7b19.5x33.7x7.7x
Wed, 21 Aug 2024US$3.6tUS$465.2bUS$106.8b24.3x33.4x7.7x
Fri, 19 Jul 2024US$3.6tUS$457.1bUS$103.3b26.3x34.8x7.9x
Sun, 16 Jun 2024US$3.4tUS$457.1bUS$103.2b26.3x33.1x7.5x
Tue, 14 May 2024US$3.0tUS$456.7bUS$103.2b28.1x29x6.6x
Thu, 11 Apr 2024US$2.8tUS$457.8bUS$102.9b24.1x26.9x6x
Sat, 09 Mar 2024US$2.8tUS$457.8bUS$102.6b26.1x27.3x6.1x
Mon, 05 Feb 2024US$3.0tUS$458.7bUS$102.6b28.4x29.1x6.5x
Wed, 03 Jan 2024US$3.0tUS$454.7bUS$98.6b26x30.3x6.6x
Fri, 01 Dec 2023US$3.1tUS$455.3bUS$98.5b27.6x31x6.7x
Sun, 29 Oct 2023US$2.7tUS$453.7bUS$95.6b19x28.4x6x
Tue, 26 Sep 2023US$2.8tUS$453.9bUS$95.1b20.6x29.9x6.3x
Thu, 24 Aug 2023US$2.9tUS$454.0bUS$95.2b26.3x30.7x6.4x
Sat, 22 Jul 2023US$3.1tUS$456.4bUS$95.7b32x32.5x6.8x
Mon, 19 Jun 2023US$3.0tUS$456.4bUS$95.7b30.8x31.3x6.6x
Wed, 17 May 2023US$2.8tUS$456.4bUS$95.7b25x29x6.1x
Fri, 14 Apr 2023US$2.7tUS$460.6bUS$97.1b25.9x27.7x5.8x
Sun, 12 Mar 2023US$2.4tUS$460.6bUS$97.0b24.7x24.9x5.3x
Tue, 07 Feb 2023US$2.5tUS$460.1bUS$97.3b25.2x25.4x5.4x
Thu, 05 Jan 2023US$2.1tUS$467.8bUS$102.0b22.2x20.4x4.4x
Sat, 03 Dec 2022US$2.4tUS$467.8bUS$102.0b23.6x23.8x5.2x
Mon, 31 Oct 2022US$2.5tUS$466.3bUS$104.3b18.7x24.4x5.5x
Wed, 28 Sep 2022US$2.5tUS$461.4bUS$105.4b14.3x23.7x5.4x
Fri, 26 Aug 2022US$2.8tUS$461.3bUS$105.4b16.7x26.3x6x
Price to Earnings Ratio

26.3x


Total Market Cap: US$2.8tTotal Earnings: US$105.4bTotal Revenue: US$461.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 30.3x202320242025
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 35.7x which is higher than its 3-year average PE of 30.3x.
  • The industry is trading close to its 3-year average PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market1.26%
Tech0.33%
Tech Hardware1.62%
Tech Hardware Storage and Peripherals1.62%
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$230.891.6%
+US$55.1b		2.2%PE34.5x
STX Seagate Technology HoldingsUS$158.704.6%
+US$1.5b		52.7%PE23x
HPE Hewlett Packard EnterpriseUS$21.635.1%
+US$1.4b		14.6%PE20.7x
HPQ HPUS$26.835.2%
+US$1.2b		-22.5%PE10x
NTAP NetAppUS$108.902.9%
+US$604.3m		-17.3%PE18.4x

Latest News

DELL
US$138.13
Dell Technologies
7D
-0.1%
1Y
23.5%
ALOT
US$11.20
AstroNova
7D
-5.0%
1Y
-22.7%

AstroNova: A Textbook Case For Shareholder Activism

Aug 17
QUBT
US$15.90
Quantum Computing
7D
-3.4%
1Y
2,484.6%
KODK
US$5.84
Eastman Kodak
7D
-13.9%
1Y
15.2%
HPQ
US$26.83
HP
7D
5.2%
1Y
-22.5%
HPE
US$21.63
Hewlett Packard Enterprise
7D
5.1%
1Y
14.6%
XRX
US$3.86
Xerox Holdings
7D
-8.1%
1Y
-62.7%
AAPL
US$230.89
Apple
7D
1.6%
1Y
2.2%
OSS
US$5.18
One Stop Systems
7D
-8.2%
1Y
153.9%

AI Driven Edge Platforms And Defense Contracts Will Catalyze Expansion

Analysts have raised their price target for One Stop Systems to $6.50, citing strong long-term growth prospects, potential market share gains in high performance computing, and renewed confidence in management, reflecting improved fundamentals and a more positive outlook. Analyst Commentary Bullish analysts highlighted strong long-term growth opportunities for One Stop Systems.
CRSR
US$8.52
Corsair Gaming
7D
-5.6%
1Y
30.1%
IONQ
US$40.23
IonQ
7D
-10.5%
1Y
451.9%
STX
US$158.70
Seagate Technology Holdings
7D
4.6%
1Y
52.7%

Seagate Technology Holdings (NASDAQ:STX) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 08
Seagate Technology Holdings (NASDAQ:STX) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
SMCI
US$45.86
Super Micro Computer
7D
1.5%
1Y
-26.5%

Global AI Adoption And Scalable Data Centers Will Define Future Market Dynamics

With both Super Micro Computer’s future P/E and net profit margin remaining stable, analyst fair value estimates were unchanged, maintaining the consensus price target at $50.38. What's in the News Super Micro Computer issued FY2026 sales guidance of at least $33 billion and Q1 GAAP EPS of $0.30-$0.42, reflecting material stock-based compensation expense.
PSTG
US$58.48
Pure Storage
7D
2.0%
1Y
-5.6%
NTAP
US$108.90
NetApp
7D
2.9%
1Y
-17.3%
WDC
US$76.29
Western Digital
7D
2.2%
1Y
17.2%