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U.S. Tech Hardware Industry Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies47
  • 7D4.9%
  • 3M-1.4%
  • 1Y13.0%
  • YTD-2.0%

In the last week, the Tech Hardware industry is up 4.9%, with Apple up 4.6%. During this same period, the IonQ underperformed, falling 15%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 16 Apr 2023US$2.7tUS$460.6bUS$97.1b25.8x27.7x5.8x
Tue, 14 Mar 2023US$2.4tUS$460.6bUS$97.0b25x25.2x5.3x
Thu, 09 Feb 2023US$2.5tUS$460.1bUS$97.3b25.3x25.5x5.4x
Price to Earnings Ratio

25.5x


Total Market Cap: US$2.5tTotal Earnings: US$97.3bTotal Revenue: US$460.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 32.6x202420252026
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 32.6x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 7.7x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 7.7% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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-0.23%
Tech-0.81%
Tech Hardware4.92%
Tech Hardware Storage and Peripherals4.92%
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$259.484.6%
+US$163.8b		9.9%PE32.3x
SNDK SandiskUS$576.2521.6%
+US$15.6b		n/aPS9.5x
STX Seagate Technology HoldingsUS$407.6917.8%
+US$13.5b		323.1%PE45.1x
WDC Western DigitalUS$250.235.9%
+US$4.0b		284.2%PE21.5x
HPE Hewlett Packard EnterpriseUS$21.522.2%
+US$627.2m		1.6%PS0.8x

Latest News

WDC
US$250.23
Western Digital
7D
5.9%
1Y
284.2%
SNDK
US$576.25
Sandisk
7D
21.6%
1Y
n/a
HPQ
US$19.44
HP
7D
0.05%
1Y
-40.2%
STX
US$407.69
Seagate Technology Holdings
7D
17.8%
1Y
323.1%
AAPL
US$259.48
Apple
7D
4.6%
1Y
9.9%
IONQ
US$39.98
IonQ
7D
-15.4%
1Y
1.2%
HPE
US$21.52
Hewlett Packard Enterprise
7D
2.2%
1Y
1.6%
SMCI
US$29.11
Super Micro Computer
7D
-8.2%
1Y
2.1%
GPGI
US$23.57
GPGI
7D
-5.9%
1Y
47.9%

GPGI: Margin Progress And Husky Deal Will Shape Balanced Future Outlook

Analysts lifted their price target on GPGI by US$4 to US$25, citing updated assumptions around discount rates, revenue growth, margins, and a higher future P/E multiple after reviewing recent research on CompoSecure and related card and equipment deals. Analyst Commentary Bullish Takeaways Bullish analysts point to recent Street work on CompoSecure, including higher price targets in the US$20 to US$26 range, as support for using a higher future P/E multiple in GPGI models tied to premium metal card demand.
DELL
US$114.44
Dell Technologies
7D
-0.9%
1Y
10.5%

DELL: AI Server Demand Will Offset Memory Supercycle Margin Pressures

Narrative Update: Dell Technologies Analysts have adjusted their price target on Dell Technologies higher to about $198 from roughly $177, reflecting updated assumptions around AI server demand, margin resilience in the face of higher memory costs, and opportunities with Tier 2 cloud providers and sovereign customers, even as some firms highlight potential earnings pressure from a memory supercycle and softer non AI hardware demand. Analyst Commentary Recent research on Dell Technologies presents a mixed but constructive picture, with several bullish analysts still highlighting drivers tied to AI servers, margin resilience and new customer segments, even as some firms trim price targets around memory cost concerns and softer non AI hardware demand.
PSTG
US$69.54
Pure Storage
7D
-0.3%
1Y
2.6%
TACT
US$3.68
TransAct Technologies
7D
3.1%
1Y
-17.9%
NTAP
US$96.35
NetApp
7D
-1.1%
1Y
-21.1%

NTAP: Margin Strength And Flash Plus Cloud Execution Will Drive Upside

Analysts have trimmed their price target on NetApp by about $1.52 to roughly $122.81. This reflects a mix of tempered fair value and P/E assumptions, even as recent research highlights solid margins, strength in all flash arrays and ongoing growth in public cloud.
QUBT
US$9.27
Quantum Computing
7D
-19.1%
1Y
-10.7%
AIMD
US$2.00
Ainos
7D
8.7%
1Y
-41.2%

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Dec 12
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BGIN
US$2.99
Bgin Blockchain
7D
-14.5%
1Y
n/a

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Nov 18