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U.S. Tech Hardware Industry Analysis

UpdatedMay 28, 2025
DataAggregated Company Financials
Companies44
  • 7D-3.0%
  • 3M-16.4%
  • 1Y4.0%
  • YTD-17.4%

Over the last 7 days, the Tech Hardware industry has dropped 3.0%, driven by Apple declining 3.2%. On the other hand IonQ is actually up 36%. This takes the industry's 12 month performance to a gain of 4.0%. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 May 2025US$3.0tUS$499.7bUS$99.9b17x30.4x6.1x
Fri, 25 Apr 2025US$3.2tUS$494.1bUS$101.2b12.8x31.4x6.4x
Sun, 23 Mar 2025US$3.4tUS$494.0bUS$101.2b16.5x33.5x6.9x
Tue, 18 Feb 2025US$3.8tUS$479.7bUS$100.4b22.1x38x8x
Thu, 16 Jan 2025US$3.6tUS$473.9bUS$97.2b23.7x37.4x7.7x
Sat, 14 Dec 2024US$3.9tUS$473.9bUS$97.2b27.9x39.9x8.2x
Mon, 11 Nov 2024US$3.6tUS$472.6bUS$96.4b23.4x36.8x7.5x
Wed, 09 Oct 2024US$3.6tUS$466.0bUS$106.7b19.2x33.4x7.6x
Fri, 06 Sep 2024US$3.5tUS$466.1bUS$106.6b21.1x32.6x7.5x
Sun, 04 Aug 2024US$3.5tUS$461.9bUS$105.9b24.8x32.8x7.5x
Tue, 02 Jul 2024US$3.4tUS$457.1bUS$103.3b27.2x32.8x7.4x
Thu, 30 May 2024US$3.1tUS$456.7bUS$103.3b28.3x29.7x6.7x
Sat, 27 Apr 2024US$2.8tUS$458.2bUS$103.4b24.1x26.7x6x
Mon, 25 Mar 2024US$2.8tUS$457.8bUS$102.9b26.4x27.3x6.1x
Wed, 21 Feb 2024US$2.9tUS$458.7bUS$102.6b27.8x28.6x6.4x
Fri, 19 Jan 2024US$3.0tUS$454.7bUS$98.6b27.1x30.6x6.6x
Sun, 17 Dec 2023US$3.2tUS$455.3bUS$98.5b27.4x32.2x7x
Tue, 14 Nov 2023US$3.0tUS$456.1bUS$98.2b19x30.2x6.5x
Thu, 12 Oct 2023US$2.9tUS$453.8bUS$95.1b25.5x30.5x6.4x
Sat, 09 Sep 2023US$2.9tUS$453.9bUS$95.1b23.2x30.2x6.3x
Mon, 07 Aug 2023US$2.9tUS$453.5bUS$95.2b31.7x30.9x6.5x
Wed, 05 Jul 2023US$3.1tUS$456.4bUS$95.7b32.1x32.6x6.8x
Fri, 02 Jun 2023US$2.9tUS$456.4bUS$95.7b30x30.5x6.4x
Sun, 30 Apr 2023US$2.8tUS$460.6bUS$97.2b21.7x28.3x6x
Tue, 28 Mar 2023US$2.6tUS$460.6bUS$97.0b23.7x26.6x5.6x
Thu, 23 Feb 2023US$2.4tUS$460.1bUS$97.4b24.8x25x5.3x
Sat, 21 Jan 2023US$2.3tUS$467.8bUS$102.0b22.7x22.1x4.8x
Mon, 19 Dec 2022US$2.2tUS$467.8bUS$102.0b22.3x21.6x4.7x
Wed, 16 Nov 2022US$2.5tUS$467.1bUS$104.5b16.9x23.6x5.3x
Fri, 14 Oct 2022US$2.4tUS$460.8bUS$105.2b15.2x22.5x5.1x
Sun, 11 Sep 2022US$2.6tUS$461.5bUS$105.4b16.6x24.7x5.6x
Tue, 09 Aug 2022US$2.7tUS$460.5bUS$105.3b17x25.9x5.9x
Thu, 07 Jul 2022US$2.4tUS$459.6bUS$108.1b14.4x21.8x5.1x
Sat, 04 Jun 2022US$2.4tUS$459.6bUS$108.1b16.2x22.5x5.3x
Price to Earnings Ratio

22.5x


Total Market Cap: US$2.4tTotal Earnings: US$108.1bTotal Revenue: US$459.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 29.6x202320242025
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 29.6x.
  • The industry is trading close to its 3-year average PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have declined 2.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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, which has decreased profits.

Industry Trends

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

US Market-0.30%
Tech-0.15%
Tech Hardware-3.02%
Tech Hardware Storage and Peripherals-3.02%
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
IONQ IonQUS$48.0436.1%
+US$3.2b		480.2%PS276.5x
STX Seagate Technology HoldingsUS$117.059.4%
+US$2.1b		20.9%PE16.6x
WDC Western DigitalUS$51.822.4%
+US$415.2m		-31.9%PE17x
HPE Hewlett Packard EnterpriseUS$17.941.2%
+US$289.0m		-2.6%PE8.5x
CMPO CompoSecureUS$13.497.7%
+US$99.2m		106.3%PS3.7x
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STX

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HPE

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Hewlett Packard Enterprise

7D

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1Y

-2.6%

HPQ

US$28.34

HP

7D

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1Y

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SNDK

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CMPO

US$13.49

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1Y

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OSS

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7D

6.1%

1Y

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US$48.04

IonQ

7D

36.1%

1Y

480.2%

NTAP

US$100.37

NetApp

7D

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1Y

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PSTG

US$55.59

Pure Storage

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