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U.S. Tech Hardware Industry Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies48
  • 7D7.2%
  • 3M14.2%
  • 1Y54.7%
  • YTD17.5%

In the last week, the Tech Hardware industry is up 7.2%, with Apple up 5.7%. Meanwhile, GPGI actually underperformed within the industry, shrinking 16% in the last week. In the last 12 months, the industry was up 55%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026US$5.0tUS$584.2bUS$136.5b43x36.9x8.6x
Thu, 09 Apr 2026US$4.1tUS$556.2bUS$122.5b26.1x33.9x7.5x
Sat, 07 Mar 2026US$4.2tUS$553.2bUS$122.8b25.2x34.2x7.6x
Mon, 02 Feb 2026US$4.2tUS$545.7bUS$121.5b27.1x34.4x7.7x
Wed, 31 Dec 2025US$4.3tUS$514.0bUS$111.8b23.1x38x8.3x
Fri, 28 Nov 2025US$4.3tUS$512.8bUS$113.1b24.9x38.2x8.4x
Sun, 26 Oct 2025US$4.1tUS$504.7bUS$100.3b27.3x41.1x8.2x
Tue, 23 Sep 2025US$4.0tUS$504.4bUS$100.3b26.6x39.9x7.9x
Thu, 21 Aug 2025US$3.6tUS$502.8bUS$100.5b20.1x35.5x7.1x
Sat, 19 Jul 2025US$3.3tUS$500.2bUS$98.6b20.2x33.4x6.6x
Mon, 16 Jun 2025US$3.1tUS$500.2bUS$98.5b17x31.1x6.1x
Wed, 14 May 2025US$3.3tUS$499.4bUS$100.0b16.1x32.7x6.5x
Fri, 11 Apr 2025US$3.1tUS$494.0bUS$101.2b13.6x30.5x6.3x
Sun, 09 Mar 2025US$3.7tUS$494.0bUS$101.2b15.7x36.6x7.5x
Tue, 04 Feb 2025US$3.7tUS$479.7bUS$100.5b21.1x36.6x7.7x
Thu, 02 Jan 2025US$3.9tUS$473.9bUS$97.2b23.7x40.2x8.3x
Sat, 30 Nov 2024US$3.7tUS$472.7bUS$96.5b21.7x38.5x7.9x
Mon, 28 Oct 2024US$3.6tUS$467.4bUS$107.9b22.5x33.8x7.8x
Wed, 25 Sep 2024US$3.6tUS$466.0bUS$106.7b19.2x33.4x7.7x
Fri, 23 Aug 2024US$3.6tUS$465.2bUS$106.5b24.5x33.4x7.6x
Sun, 21 Jul 2024US$3.6tUS$457.1bUS$103.3b26.3x34.8x7.9x
Tue, 18 Jun 2024US$3.4tUS$457.1bUS$103.2b26.3x33.1x7.5x
Thu, 16 May 2024US$3.0tUS$456.7bUS$103.2b28.2x29.4x6.7x
Sat, 13 Apr 2024US$2.9tUS$457.8bUS$102.9b24.7x27.7x6.2x
Mon, 11 Mar 2024US$2.8tUS$457.8bUS$102.7b26.1x27.2x6.1x
Wed, 07 Feb 2024US$3.0tUS$458.7bUS$102.6b29x29.7x6.6x
Fri, 05 Jan 2024US$2.9tUS$454.7bUS$98.6b26.3x29.7x6.4x
Sun, 03 Dec 2023US$3.1tUS$455.3bUS$98.5b27.2x31.2x6.7x
Tue, 31 Oct 2023US$2.7tUS$452.8bUS$94.9b18.9x28.9x6.1x
Thu, 28 Sep 2023US$2.8tUS$453.9bUS$95.1b21.3x29x6.1x
Sat, 26 Aug 2023US$2.9tUS$453.8bUS$95.2b25.2x30.3x6.3x
Mon, 24 Jul 2023US$3.1tUS$456.4bUS$95.7b32x32.5x6.8x
Wed, 21 Jun 2023US$3.0tUS$456.4bUS$95.7b30.9x31.3x6.6x
Fri, 19 May 2023US$2.8tUS$456.4bUS$95.7b25.5x29.6x6.2x
Price to Earnings Ratio

29.6x


Total Market Cap: US$2.8tTotal Earnings: US$95.7bTotal Revenue: US$456.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.3x202420252026
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 36.9x which is higher than its 3-year average PE of 33.3x.
  • The 3-year average PS ratio of 7.1x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Market2.58%
Tech7.51%
Tech Hardware7.16%
Tech Hardware Storage and Peripherals7.16%
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$292.685.7%
+US$232.8b		38.8%PE35.1x
SNDK SandiskUS$1.55k23.2%
+US$43.2b		3,649.8%PE50.8x
WDC Western DigitalUS$515.8316.6%
+US$25.3b		1,007.6%PE28x
DELL Dell TechnologiesUS$247.0416.7%
+US$23.0b		138.9%PE27.1x
STX Seagate Technology HoldingsUS$834.0112.9%
+US$21.4b		718.1%PE78.6x

Latest News

SMCI
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7D
20.1%
1Y
0%
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1Y
73.0%
WDC
US$515.83
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7D
16.6%
1Y
1,007.6%
P
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7D
20.1%
1Y
63.7%
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7D
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Summary Sandisk has delivered an extraordinary 4,100% rally, driven by robust AI-driven data center demand and record-setting fundamentals. SNDK's adjusted gross margins approach 80%, with FCF margins expected to exceed 46% next year and a debt-free balance sheet with $3.7B in cash. Long-term supply agreements provide pricing visibility but only cover about one-third of 2027 bit volume and do not fully insulate against future pricing volatility. I acknowledge that the current momentum may persist, but growth normalization and margin sustainability beyond FY2027 remain uncertain. I would rather miss buying into a FOMO high, and I urge you not to wait until this sugar high comes to an end. Read the full article on Seeking Alpha
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US$292.68
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7D
5.7%
1Y
38.8%
GPGI
US$13.32
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7D
-16.4%
1Y
12.0%
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