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U.S. Tech Hardware Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies50
  • 7D-4.5%
  • 3M-4.0%
  • 1Y17.0%
  • YTD-1.1%

Over the last 7 days, the Tech Hardware industry has dropped 4.5%, driven by Apple declining 4.3%. On the other hand Dell Technologies is actually up 19%. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026US$4.2tUS$553.2bUS$122.8b26.1x34.5x7.7x
Sat, 31 Jan 2026US$4.2tUS$545.7bUS$121.5b27.1x34.5x7.7x
Mon, 29 Dec 2025US$4.3tUS$514.1bUS$111.9b23.5x38.1x8.3x
Wed, 26 Nov 2025US$4.3tUS$512.7bUS$113.1b24.6x37.9x8.4x
Fri, 24 Oct 2025US$4.1tUS$504.7bUS$100.3b27x40.5x8x
Sun, 21 Sep 2025US$3.8tUS$504.4bUS$100.3b26x38.3x7.6x
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
Price to Earnings Ratio

24.9x


Total Market Cap: US$2.4tTotal Earnings: US$97.0bTotal Revenue: US$460.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 32.9x202420252026
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 32.9x.
  • The industry is trading close to its 3-year average PS ratio of 7.0x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.2% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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-1.22%
Tech-2.70%
Tech Hardware-4.50%
Tech Hardware Storage and Peripherals-4.50%
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
DELL Dell TechnologiesUS$147.1019.1%
+US$15.7b		51.3%PE16.4x
IONQ IonQUS$37.1310.5%
+US$1.3b		64.1%PS104.7x
HPE Hewlett Packard EnterpriseUS$21.554.5%
+US$1.2b		14.1%PS0.8x
HPQ HPUS$19.185.3%
+US$887.1m		-35.0%PE7x
GPGI GPGIUS$23.502.0%
+US$136.0m		95.5%PS42.3x

Latest News

DELL
US$147.10
Dell Technologies
7D
19.1%
1Y
51.3%
AAPL
US$262.52
Apple
7D
-4.3%
1Y
11.4%
HPQ
US$19.18
HP
7D
5.3%
1Y
-35.0%
HPE
US$21.55
Hewlett Packard Enterprise
7D
4.5%
1Y
14.1%

HPE: Juniper Merger And Memory Concerns Will Shape A Balanced 2026 Outcome

Analysts now see fair value for Hewlett Packard Enterprise at $21 per share, up from $16, reflecting updated views on growth, margins, and a higher future P/E multiple as they weigh cautious memory trends against mixed demand commentary and the potential benefits of the Juniper merger. Analyst Commentary Recent Street research around Hewlett Packard Enterprise highlights a mix of caution and optimism, with several firms resetting expectations even as they acknowledge potential upside from the Juniper merger and broader hardware demand.
STX
US$375.01
Seagate Technology Holdings
7D
-11.1%
1Y
305.7%
WDC
US$261.30
Western Digital
7D
-10.2%
1Y
491.2%
PSTG
US$61.36
Everpure
7D
-16.6%
1Y
17.5%

PSTG: AI Storage Demand And Buybacks Will Support Future Upside

Our analyst fair value estimate for Everpure has been adjusted down from $95.16 to $91.00 as analysts incorporate slightly lower revenue growth, softer profit margins, and a marginally reduced future P/E, in line with the broader series of trimmed price targets across the storage peer group. Analyst Commentary Street research around Everpure's closest storage peer, Pure Storage, helps frame how analysts are thinking about Everpure's risk and reward.
NTAP
US$99.55
NetApp
7D
-2.3%
1Y
4.9%
CRSR
US$6.10
Corsair Gaming
7D
7.2%
1Y
-46.8%

CRSR: Expanding AI Peripherals Ecosystem And Buybacks Will Support Future Upside

Corsair Gaming’s analyst price target has been revised to $8.00 from $8.75, as analysts incorporate more conservative assumptions for revenue growth and profit margins, along with a higher projected future P/E multiple, despite mixed recent target changes across the Street. Analyst Commentary Street research on Corsair Gaming has been active, with several firms adjusting their price targets in both directions.
GPGI
US$23.50
GPGI
7D
2.0%
1Y
95.5%
SNDK
US$599.06
Sandisk
7D
-5.3%
1Y
1,135.9%
IONQ
US$37.13
IonQ
7D
10.5%
1Y
64.1%
SMCI
US$32.65
Super Micro Computer
7D
-2.8%
1Y
-16.1%
VTIX
US$7.45
Virtuix Holdings
7D
20.0%
1Y
n/a
INFQ
US$11.80
Infleqtion
7D
-9.9%
1Y
n/a
BGIN
US$2.98
Bgin Blockchain
7D
5.9%
1Y
n/a

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