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U.S. Tech Hardware Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies49
  • 7D0.04%
  • 3M8.8%
  • 1Y40.5%
  • YTD5.8%

Last week, the Tech Hardware industry hasn't moved much but Sandisk is up 17% in that time. As for the the longer term, the industry is up 41% over the past 12 months. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$4.5tUS$556.0bUS$122.4b31.5x37x8.1x
Thu, 26 Mar 2026US$4.1tUS$556.1bUS$122.6b25.4x33.7x7.4x
Sat, 21 Feb 2026US$4.2tUS$552.9bUS$121.7b27.4x34.7x7.6x
Mon, 19 Jan 2026US$4.0tUS$514.0bUS$111.8b29.1x36x7.8x
Wed, 17 Dec 2025US$4.3tUS$514.1bUS$111.9b23.8x38.1x8.3x
Fri, 14 Nov 2025US$4.3tUS$512.7bUS$113.1b26.4x37.8x8.3x
Sun, 12 Oct 2025US$3.8tUS$504.4bUS$100.3b28.3x38.4x7.6x
Tue, 09 Sep 2025US$3.7tUS$504.4bUS$100.3b22.7x36.9x7.3x
Thu, 07 Aug 2025US$3.3tUS$502.7bUS$100.9b18.9x32.9x6.6x
Sat, 05 Jul 2025US$3.3tUS$499.9bUS$98.6b20.4x33.9x6.7x
Mon, 02 Jun 2025US$3.1tUS$499.8bUS$100.0b16.9x31.2x6.3x
Wed, 30 Apr 2025US$3.3tUS$494.1bUS$101.2b12.9x32.2x6.6x
Fri, 28 Mar 2025US$3.4tUS$494.1bUS$101.2b14.3x34x7x
Sun, 23 Feb 2025US$3.8tUS$486.7bUS$100.5b22.6x38.2x7.9x
Tue, 21 Jan 2025US$3.6tUS$473.9bUS$97.2b23.8x37x7.6x
Thu, 19 Dec 2024US$4.0tUS$473.9bUS$97.2b26.4x40.8x8.4x
Sat, 16 Nov 2024US$3.6tUS$472.5bUS$96.4b22.1x36.9x7.5x
Mon, 14 Oct 2024US$3.6tUS$466.0bUS$106.7b20.1x33.6x7.7x
Wed, 11 Sep 2024US$3.5tUS$466.0bUS$106.7b20.9x32.5x7.5x
Fri, 09 Aug 2024US$3.3tUS$465.1bUS$106.7b24.7x31x7.1x
Sun, 07 Jul 2024US$3.6tUS$457.1bUS$103.3b26.9x35.1x7.9x
Tue, 04 Jun 2024US$3.1tUS$456.8bUS$103.3b28.6x30x6.8x
Thu, 02 May 2024US$2.8tUS$460.8bUS$103.7b24x26.7x6x
Sat, 30 Mar 2024US$2.8tUS$457.8bUS$102.9b24.6x27.3x6.1x
Mon, 26 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.7x6.4x
Wed, 24 Jan 2024US$3.1tUS$454.7bUS$98.6b28.7x31.5x6.8x
Fri, 22 Dec 2023US$3.1tUS$455.3bUS$98.5b27.7x31.8x6.9x
Sun, 19 Nov 2023US$3.0tUS$456.1bUS$98.1b22x31x6.7x
Tue, 17 Oct 2023US$2.9tUS$453.8bUS$95.1b24.1x30.2x6.3x
Thu, 14 Sep 2023US$2.8tUS$453.9bUS$95.1b22.4x29.6x6.2x
Sat, 12 Aug 2023US$2.9tUS$454.0bUS$95.2b25.8x30.2x6.3x
Mon, 10 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Wed, 07 Jun 2023US$2.9tUS$456.4bUS$95.7b29.9x30.3x6.4x
Fri, 05 May 2023US$2.7tUS$460.5bUS$97.2b20.9x27.7x5.8x
Price to Earnings Ratio

27.7x


Total Market Cap: US$2.7tTotal Earnings: US$97.2bTotal Revenue: US$460.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.2x202420252026
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 37.0x which is higher than its 3-year average PE of 33.2x.
  • The 3-year average PS ratio of 7.1x is lower than the industry's current PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.0% per year over the last three years.
  • Revenues for these companies have grown 6.5% 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 Market0.33%
Tech3.01%
Tech Hardware0.037%
Tech Hardware Storage and Peripherals0.037%
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
SNDK SandiskUS$1.07k17.2%
+US$23.2b		3,216.4%PS17.7x
STX Seagate Technology HoldingsUS$595.8610.4%
+US$12.6b		625.2%PE67.8x
WDC Western DigitalUS$400.737.1%
+US$9.0b		879.5%PE34.4x
DELL Dell TechnologiesUS$215.975.7%
+US$7.6b		128.6%PE23.7x
P EverpureUS$73.978.8%
+US$2.0b		63.0%PE129.9x

Latest News

WDC
US$400.73
Western Digital
7D
7.1%
1Y
879.5%
GPGI
US$15.89
GPGI
7D
-4.9%
1Y
45.9%
SNDK
US$1,070.20
Sandisk
7D
17.2%
1Y
3,216.4%

Sandisk's NAND Supercycle: Why I'm Calling For A Strong Buy Before Q3 Earnings

Apr 27
HPQ
US$19.76
HP
7D
0.9%
1Y
-22.2%

HP Inc.: Near 52-Week Low, 6% Yield, Valuation Attractive Amid Dynamic Memory Environment

Apr 27
DELL
US$215.97
Dell Technologies
7D
5.7%
1Y
128.6%

Dell's AI Moment: Why Inference And CPUs (Not GPUs), Is Driving The Next Growth Cycle

Apr 25
AAPL
US$267.62
Apple
7D
-2.0%
1Y
27.4%
STX
US$595.86
Seagate Technology Holdings
7D
10.4%
1Y
625.2%
NTAP
US$108.44
NetApp
7D
1.5%
1Y
23.2%

NTAP: Flash And Cloud Exposure Will Counter Higher Memory Cost Pressures

NetApp's analyst price target has edged lower by about $0.80 to roughly $117, as analysts factor in concerns around higher memory component costs and potential pressure on product gross margins, while still seeing some support from flash and public cloud exposure. Analyst Commentary Recent Street research on NetApp points to a mixed setup, with most firms trimming price targets and highlighting both execution strengths and margin risks tied to memory costs.
HPE
US$28.62
Hewlett Packard Enterprise
7D
2.9%
1Y
73.6%
QUBT
US$9.12
Quantum Computing
7D
-7.3%
1Y
27.8%
SMCI
US$27.88
Super Micro Computer
7D
-3.2%
1Y
-25.2%

Super Micro Computer will achieve a remarkable 19% revenue growth but legal risks justify a big discount.

Super Micro Computer (NASDAQ: SMCI) — Condensed Investment View Business: Supermicro sells powerful computer systems and data storage equipment. It has done well from the recent boom in AI because it builds the kind of machines that AI companies need.
DBD
US$82.33
Diebold Nixdorf
7D
-6.0%
1Y
87.1%

DBD: Higher P/E Confidence And Risk Reset Will Drive Repricing Potential

Analysts have lifted their price targets on Diebold Nixdorf by $20 to reflect updated views on the company’s risk profile, profitability assumptions and P/E-based valuation. Analyst Commentary Recent research points to a reset in how the market may view Diebold Nixdorf, with higher price targets tied to updated assumptions on risk, profitability and P/E-based valuation.
IONQ
US$43.84
IonQ
7D
-9.3%
1Y
52.8%
P
US$73.97
Everpure
7D
8.8%
1Y
63.0%

PSTG: AI Storage Demand And Bookings Momentum Will Support Future Premium P/E

Everpure's analyst price target remains steady at $105, as analysts balance slightly higher modeled revenue growth and profit margin with updated views on future P/E and sector level memory cost and margin pressures reflected in recent Pure Storage research. Analyst Commentary Recent Street research on Pure Storage offers useful context for how investors may think about Everpure, especially around valuation, execution and sensitivity to memory costs.
INFQ
US$13.30
Infleqtion
7D
-16.9%
1Y
n/a

Quantum Sensing And Secure Timing Will Reshape Long Term Defense And Critical Infrastructure

Catalysts About Infleqtion Infleqtion develops neutral atom based quantum computing, sensing and timing systems for defense, space and commercial applications. What are the underlying business or industry changes driving this perspective?
VTIX
US$4.03
Virtuix Holdings
7D
-40.5%
1Y
n/a