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U.S. Tech Hardware Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies49
  • 7D-0.4%
  • 3M7.8%
  • 1Y38.5%
  • YTD5.9%

The Tech Hardware is pretty flat in the last 7 days, but Sandisk has stood out, gaining 14%. As for the the longer term, the industry is up 39% over the past 12 months. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026US$4.5tUS$557.0bUS$122.9b30.5x36.8x8.1x
Sat, 28 Mar 2026US$4.1tUS$556.2bUS$122.6b23.7x33.4x7.4x
Mon, 23 Feb 2026US$4.3tUS$552.9bUS$121.7b27.4x35.3x7.8x
Wed, 21 Jan 2026US$3.9tUS$514.0bUS$111.8b29.3x34.8x7.6x
Fri, 19 Dec 2025US$4.2tUS$514.1bUS$111.9b22.1x37.8x8.2x
Sun, 16 Nov 2025US$4.2tUS$512.7bUS$113.1b26.5x37.5x8.3x
Tue, 14 Oct 2025US$3.8tUS$504.4bUS$100.3b28.8x38.4x7.6x
Thu, 11 Sep 2025US$3.5tUS$504.4bUS$100.3b24.9x35.3x7x
Sat, 09 Aug 2025US$3.4tUS$502.7bUS$100.7b19.9x33.9x6.8x
Mon, 07 Jul 2025US$3.3tUS$499.8bUS$98.6b20.4x33.8x6.7x
Wed, 04 Jun 2025US$3.1tUS$499.8bUS$99.9b17.7x31.4x6.3x
Fri, 02 May 2025US$3.3tUS$494.1bUS$101.1b13.8x32.6x6.7x
Sun, 30 Mar 2025US$3.4tUS$494.1bUS$101.2b14.1x33.4x6.8x
Tue, 25 Feb 2025US$3.9tUS$486.7bUS$100.5b21.8x38.4x7.9x
Thu, 23 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x35.9x7.4x
Sat, 21 Dec 2024US$3.9tUS$473.9bUS$97.2b25.8x40.1x8.2x
Mon, 18 Nov 2024US$3.5tUS$472.5bUS$96.4b22.1x36.4x7.4x
Wed, 16 Oct 2024US$3.7tUS$466.0bUS$106.7b20x34.5x7.9x
Fri, 13 Sep 2024US$3.5tUS$466.0bUS$106.7b21.7x32.8x7.5x
Sun, 11 Aug 2024US$3.4tUS$465.1bUS$106.7b22.8x31.9x7.3x
Tue, 09 Jul 2024US$3.6tUS$457.1bUS$103.3b27.2x35.1x7.9x
Thu, 06 Jun 2024US$3.1tUS$456.9bUS$103.3b28.7x30.3x6.8x
Sat, 04 May 2024US$2.9tUS$456.7bUS$103.3b25.5x28.5x6.5x
Mon, 01 Apr 2024US$2.8tUS$457.8bUS$102.9b24.6x27.3x6.1x
Wed, 28 Feb 2024US$2.9tUS$458.8bUS$102.5b27.9x28.6x6.4x
Fri, 26 Jan 2024US$3.1tUS$454.6bUS$98.4b28.8x31.7x6.9x
Sun, 24 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.6x6.8x
Tue, 21 Nov 2023US$3.0tUS$456.1bUS$98.1b22x31x6.7x
Thu, 19 Oct 2023US$2.8tUS$453.8bUS$95.1b23.6x29.9x6.3x
Sat, 16 Sep 2023US$2.8tUS$453.9bUS$95.1b22.4x29.6x6.2x
Mon, 14 Aug 2023US$2.9tUS$454.0bUS$95.2b25.8x30.2x6.3x
Wed, 12 Jul 2023US$3.1tUS$456.4bUS$95.7b31.4x31.9x6.7x
Fri, 09 Jun 2023US$2.9tUS$456.4bUS$95.7b30.1x30.6x6.4x
Sun, 07 May 2023US$2.8tUS$458.1bUS$96.3b21.4x29.1x6.1x
Price to Earnings Ratio

29.1x


Total Market Cap: US$2.8tTotal Earnings: US$96.3bTotal Revenue: US$458.1bTotal 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 37.0x 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 8.1x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.3% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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-0.18%
Tech0.70%
Tech Hardware-0.35%
Tech Hardware Storage and Peripherals-0.35%
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$1.06k14.1%
+US$19.5b		3,165.4%PS17.6x
STX Seagate Technology HoldingsUS$643.3010.9%
+US$14.2b		606.7%PE60.6x
WDC Western DigitalUS$412.762.4%
+US$3.3b		839.2%PE35.5x
P EverpureUS$70.311.4%
+US$313.9m		55.0%PE123.5x
NTAP NetAppUS$108.650.2%
+US$49.3m		21.1%PE17.7x

Latest News

STX
US$643.30
Seagate Technology Holdings
7D
10.9%
1Y
606.7%

Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle

Apr 30
WDC
US$412.76
Western Digital
7D
2.4%
1Y
839.2%
IONQ
US$42.11
IonQ
7D
-11.1%
1Y
53.4%
AAPL
US$270.17
Apple
7D
-1.2%
1Y
26.7%

Apple: Tim Cook Exits At The Top

Apr 29
P
US$70.31
Everpure
7D
1.4%
1Y
55.0%

P: Large AI Deal Momentum Will Offset Memory Cost And Margin Risks

Everpure's analyst price target has been trimmed by $0.79 as analysts factor in a slightly higher discount rate and lower future P/E expectations, while still reflecting supporting assumptions for revenue growth and profit margins. Analyst Commentary Recent Street research around Everpure and its storage peers points to a more cautious tone, even where ratings remain supportive.
CRSR
US$6.82
Corsair Gaming
7D
6.7%
1Y
-2.8%

CRSR: Ecosystem Partnerships And Buybacks Will Support Future Upside

Analysts have trimmed the average price target for Corsair Gaming by around $1 to reflect updated assumptions on discount rate, modestly higher revenue growth, slightly stronger profit margins, and a recalibrated future P/E, citing a mix of recent target cuts and one small increase across the Street. Analyst Commentary Street research on Corsair Gaming has been active, with several recent price target revisions clustering around a narrow range.
DELL
US$205.66
Dell Technologies
7D
-4.2%
1Y
124.1%
SNDK
US$1,064.21
Sandisk
7D
14.1%
1Y
3,165.4%
GPGI
US$14.40
GPGI
7D
-11.1%
1Y
31.0%
HPQ
US$20.14
HP
7D
-1.5%
1Y
-21.2%

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

Apr 27
NTAP
US$108.65
NetApp
7D
0.2%
1Y
21.1%

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$28.30
Hewlett Packard Enterprise
7D
-0.7%
1Y
74.5%
SMCI
US$26.32
Super Micro Computer
7D
-1.6%
1Y
-19.6%

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.
INFQ
US$12.06
Infleqtion
7D
-18.8%
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?
KODK
US$13.40
Eastman Kodak
7D
0.3%
1Y
113.0%
SONM
US$4.79
DNA X
7D
14.9%
1Y
-82.8%