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U.S. Tech Hardware Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies50
  • 7D-0.3%
  • 3M-3.6%
  • 1Y15.4%
  • YTD0.04%

Last week, the Tech Hardware industry hasn't moved much but Dell Technologies is up 29% in that time. As for the the longer term, the industry is up 15% over the past 12 months. 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
Tue, 03 Mar 2026US$4.3tUS$553.2bUS$122.7b26.9x34.9x7.7x
Thu, 29 Jan 2026US$4.1tUS$514.0bUS$111.8b33.6x36.5x7.9x
Sat, 27 Dec 2025US$4.3tUS$514.1bUS$111.9b23.5x38.2x8.3x
Mon, 24 Nov 2025US$4.2tUS$512.7bUS$113.1b24x37.2x8.2x
Wed, 22 Oct 2025US$4.1tUS$504.4bUS$100.3b27x40.9x8.1x
Fri, 19 Sep 2025US$3.7tUS$504.4bUS$100.3b26x37.1x7.4x
Sun, 17 Aug 2025US$3.6tUS$502.8bUS$100.5b20.2x35.7x7.1x
Tue, 15 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.5x6.6x
Thu, 12 Jun 2025US$3.2tUS$500.2bUS$98.5b17.7x32.1x6.3x
Sat, 10 May 2025US$3.1tUS$499.4bUS$99.9b14.5x30.6x6.1x
Mon, 07 Apr 2025US$2.9tUS$494.0bUS$101.2b12.3x28.8x5.9x
Wed, 05 Mar 2025US$3.7tUS$492.7bUS$100.5b16.7x36.4x7.4x
Fri, 31 Jan 2025US$3.7tUS$475.0bUS$98.1b21.6x38x7.8x
Sun, 29 Dec 2024US$4.0tUS$473.9bUS$97.2b24.4x41.1x8.4x
Tue, 26 Nov 2024US$3.6tUS$472.7bUS$96.5b22.4x37.3x7.6x
Thu, 24 Oct 2024US$3.7tUS$466.0bUS$106.8b19.5x34.8x8x
Sat, 21 Sep 2024US$3.6tUS$466.0bUS$106.7b19.5x33.7x7.7x
Mon, 19 Aug 2024US$3.6tUS$465.1bUS$106.8b24.1x33.5x7.7x
Wed, 17 Jul 2024US$3.8tUS$457.1bUS$103.3b27.5x36.4x8.2x
Fri, 14 Jun 2024US$3.4tUS$457.1bUS$103.2b26.6x33.4x7.5x
Sun, 12 May 2024US$2.9tUS$456.7bUS$103.2b28x28.6x6.5x
Tue, 09 Apr 2024US$2.8tUS$457.8bUS$102.9b24.5x26.9x6.1x
Thu, 07 Mar 2024US$2.8tUS$457.8bUS$102.6b25.9x27.1x6.1x
Sat, 03 Feb 2024US$3.0tUS$458.7bUS$102.6b28.4x29.1x6.5x
Mon, 01 Jan 2024US$3.1tUS$455.3bUS$98.5b26.2x31.4x6.8x
Wed, 29 Nov 2023US$3.0tUS$456.1bUS$98.1b21.7x31x6.7x
Fri, 27 Oct 2023US$2.7tUS$453.7bUS$95.6b18.9x28.2x5.9x
Sun, 24 Sep 2023US$2.8tUS$453.9bUS$95.1b20.2x29.7x6.2x
Tue, 22 Aug 2023US$2.8tUS$454.0bUS$95.2b25.3x29.6x6.2x
Thu, 20 Jul 2023US$3.2tUS$456.4bUS$95.7b32.5x33x6.9x
Sat, 17 Jun 2023US$3.0tUS$456.4bUS$95.7b30.8x31.3x6.6x
Mon, 15 May 2023US$2.8tUS$456.5bUS$95.7b24.9x29.1x6.1x
Wed, 12 Apr 2023US$2.6tUS$460.6bUS$97.1b24.3x27x5.7x
Fri, 10 Mar 2023US$2.5tUS$460.5bUS$97.0b25x25.3x5.3x
Price to Earnings Ratio

25.3x


Total Market Cap: US$2.5tTotal Earnings: US$97.0bTotal Revenue: US$460.5bTotal 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 3-year average PS ratio of 7.0x 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 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-0.57%
Tech-2.05%
Tech Hardware-0.29%
Tech Hardware Storage and Peripherals-0.29%
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$153.5528.9%
+US$22.8b		60.7%PE17.1x
IONQ IonQUS$38.3424.6%
+US$3.2b		65.9%PS108.1x
HPE Hewlett Packard EnterpriseUS$22.1310.7%
+US$2.8b		16.3%PS0.9x
SMCI Super Micro ComputerUS$31.833.6%
+US$670.9m		-11.8%PE21.8x
HPQ HPUS$18.701.9%
+US$257.1m		-37.7%PE6.8x

Latest News

NTAP
US$100.15
NetApp
7D
-0.4%
1Y
4.6%
SNDK
US$619.08
Sandisk
7D
-7.1%
1Y
1,130.5%
DELL
US$153.55
Dell Technologies
7D
28.9%
1Y
60.7%

Dell Technologies (DELL): The AI Architect – A Multi-Billion Dollar Pivot into the "AI Factory" Era

Dell Technologies (DELL) has shattered expectations, cementing its status as the premier infrastructure partner for the generative AI era. Following its blockbuster Q4 fiscal 2026 earnings report on February 26, 2026 , the stock surged nearly 20% to $147.17 in mid-day trading on Friday.
IONQ
US$38.34
IonQ
7D
24.6%
1Y
65.9%
SMCI
US$31.83
Super Micro Computer
7D
3.6%
1Y
-11.8%
PSTG
US$65.53
Everpure
7D
-4.3%
1Y
32.6%
WDC
US$270.08
Western Digital
7D
-3.7%
1Y
474.5%
HPE
US$22.13
Hewlett Packard Enterprise
7D
10.7%
1Y
16.3%
HPQ
US$18.70
HP
7D
1.9%
1Y
-37.7%
CAN
US$0.51
Canaan
7D
18.6%
1Y
-56.9%
QUBT
US$8.59
Quantum Computing
7D
9.0%
1Y
58.2%
STX
US$379.52
Seagate Technology Holdings
7D
-6.8%
1Y
279.3%
INFQ
US$11.92
Infleqtion
7D
-4.6%
1Y
n/a
AAPL
US$264.72
Apple
7D
-0.5%
1Y
11.2%

AAPL: Gemini Partnership And AI Roadmap Will Drive Future Upside

Analysts have raised their Apple fair value estimate to $350 from about $283.66, citing Street research that characterizes the recent selloff as unwarranted and highlights a clearer AI roadmap supported by the Google Gemini partnership as well as ongoing checks on demand and margins. Analyst Commentary Recent research points to a generally constructive backdrop around Apple, with many bullish analysts emphasizing AI execution, the Google Gemini partnership, and supportive checks on demand and margins.
CRSR
US$5.78
Corsair Gaming
7D
7.0%
1Y
-47.3%

CRSR: Broader Ecosystem And M&A Will Support Future Upside Potential

Analysts have trimmed Corsair Gaming's consensus price target by a few dollars to approximately $11.00, reflecting updated assumptions for slower revenue growth, slimmer profit margins, and a much higher future P/E multiple in their models. Analyst Commentary Recent Street research around Corsair Gaming has been active, with several firms revisiting their price targets and assumptions.
KODK
US$7.05
Eastman Kodak
7D
-6.4%
1Y
4.6%