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U.S. Tech Hardware Storage and Peripherals Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies44
  • 7D0.06%
  • 3M7.5%
  • 1Y8.1%
  • YTDn/a

The Tech Hardware Storage and Peripherals is pretty flat in the last 7 days, but Sandisk has stood out, gaining 18%. As for the the longer term, the industry is up 8.1% over the past 12 months. As for the next few years, earnings are expected to grow by 8.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025US$4.3tUS$514.1bUS$111.9b23.8x38.1x8.3x
Wed, 19 Nov 2025US$4.2tUS$512.6bUS$113.0b25.3x36.9x8.1x
Fri, 17 Oct 2025US$3.9tUS$504.4bUS$100.3b27x39.1x7.8x
Sun, 14 Sep 2025US$3.7tUS$504.4bUS$100.3b25.5x36.5x7.3x
Tue, 12 Aug 2025US$3.6tUS$502.7bUS$100.7b18.8x35.3x7.1x
Thu, 10 Jul 2025US$3.3tUS$500.2bUS$98.6b19.9x33.3x6.6x
Sat, 07 Jun 2025US$3.1tUS$500.2bUS$98.5b18.2x31.7x6.2x
Mon, 05 May 2025US$3.2tUS$498.6bUS$102.2b13.4x31.1x6.4x
Wed, 02 Apr 2025US$3.4tUS$494.0bUS$101.2b14.4x34x7x
Fri, 28 Feb 2025US$3.8tUS$492.7bUS$100.6b20.9x37.3x7.6x
Sun, 26 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x35.9x7.4x
Tue, 24 Dec 2024US$4.0tUS$473.9bUS$97.2b25.6x40.9x8.4x
Thu, 21 Nov 2024US$3.6tUS$472.6bUS$96.4b23.3x37x7.6x
Sat, 19 Oct 2024US$3.7tUS$466.0bUS$106.7b19.7x34.3x7.9x
Mon, 16 Sep 2024US$3.5tUS$466.0bUS$106.7b22.2x32.8x7.5x
Wed, 14 Aug 2024US$3.5tUS$465.1bUS$106.7b23.7x32.7x7.5x
Fri, 12 Jul 2024US$3.7tUS$457.1bUS$103.3b27.4x36.2x8.2x
Sun, 09 Jun 2024US$3.2tUS$457.1bUS$103.2b25.8x30.7x6.9x
Tue, 07 May 2024US$2.9tUS$456.7bUS$103.3b25.7x28.4x6.4x
Thu, 04 Apr 2024US$2.8tUS$457.8bUS$102.9b24.7x27x6.1x
Sat, 02 Mar 2024US$2.9tUS$457.8bUS$102.6b27.5x28.5x6.4x
Mon, 29 Jan 2024US$3.1tUS$454.4bUS$98.6b30.7x31.3x6.8x
Wed, 27 Dec 2023US$3.1tUS$455.3bUS$98.5b26.8x31.6x6.8x
Fri, 24 Nov 2023US$3.1tUS$456.1bUS$98.1b22.1x31.2x6.7x
Sun, 22 Oct 2023US$2.8tUS$453.8bUS$95.1b20.5x29.3x6.1x
Tue, 19 Sep 2023US$2.9tUS$453.9bUS$95.1b20.2x30.2x6.3x
Thu, 17 Aug 2023US$2.9tUS$454.0bUS$95.2b25.3x30x6.3x
Sat, 15 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Mon, 12 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.7x6.4x
Wed, 10 May 2023US$2.8tUS$456.5bUS$95.7b21.4x29x6.1x
Fri, 07 Apr 2023US$2.7tUS$460.6bUS$97.1b24x27.6x5.8x
Sun, 05 Mar 2023US$2.5tUS$460.8bUS$97.2b25.1x25.3x5.3x
Tue, 31 Jan 2023US$2.3tUS$468.0bUS$102.8b23.2x22.7x5x
Thu, 29 Dec 2022US$2.1tUS$467.8bUS$102.0b21.5x20.3x4.4x
Price to Earnings Ratio

20.3x


Total Market Cap: US$2.1tTotal Earnings: US$102.0bTotal Revenue: US$467.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Storage and Peripherals Industry Price to Earnings3Y Average 32x202320242025
Current Industry PE
  • Investors are optimistic on the American Technology Hardware, Storage and Peripherals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.1x which is higher than its 3-year average PE of 32.0x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Technology Hardware, Storage and Peripherals industry have grown 3.1% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Tech Hardware Storage and Peripherals compare with similar industries?

US Market0.26%
Tech1.47%
Tech Hardware0.058%
Tech Hardware Storage and Peripherals0.058%
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$237.6117.7%
+US$5.2b		n/aPS4.5x
WDC Western DigitalUS$181.085.3%
+US$3.1b		194.2%PE23.8x
STX Seagate Technology HoldingsUS$296.363.8%
+US$2.3b		234.8%PE37.7x
HPE Hewlett Packard EnterpriseUS$24.431.6%
+US$897.7m		12.0%PS1x
IONQ IonQUS$48.485.2%
+US$853.8m		17.3%PS215.1x

Latest News

DBD
US$68.57
Diebold Nixdorf
7D
2.7%
1Y
58.4%

DBD: Share Repurchases And Margin Expansion Will Support Stronger Earnings Power

Analysts have raised their price target on Diebold Nixdorf from 60 dollars to 77 dollars, citing expectations for slightly faster revenue growth, stronger profit margins, and a modestly higher required return that together still support a richer valuation on future earnings. What's in the News The Board of Directors authorized a new share repurchase plan, under which Diebold Nixdorf may buy back up to 200 million dollars of its shares, signaling confidence in long term value creation (buyback transaction announcements).
SMCI
US$31.11
Super Micro Computer
7D
-0.8%
1Y
-4.0%

SMCI: Margin Pressures Will Likely Undermine Benefits Of Major AI Server Wins

Analysts have modestly lowered their fair value estimate for Super Micro Computer, trimming the average price target by a few dollars per share to about $34 to $40. They are balancing expectations for sharply accelerating revenue driven by large AI server orders, including a $12B GB300 platform win, against lingering concerns over near term margin pressure and long term profitability risks in an increasingly competitive market.
PSTG
US$69.13
Pure Storage
7D
-0.6%
1Y
8.4%

PSTG Flash Demand From AI And Hyperscalers Will Drive Balanced Risk Reward

Analysts have lifted their fair value estimate for Pure Storage from $51.88 to $69.05, citing rising price targets driven by confidence in AI related storage demand, expanding enterprise and hyperscaler opportunities, and the company's differentiated flash technology. Analyst Commentary Recent Street research reflects a generally constructive but increasingly selective stance toward Pure Storage, with multiple firms lifting price targets following product events and AI focused updates.
HPE
US$24.43
Hewlett Packard Enterprise
7D
1.6%
1Y
12.0%
CAN
US$0.82
Canaan
7D
4.2%
1Y
-60.1%

CAN: Clean Energy Mining Expansion Will Drive Long Term Upside Potential

Analysts have slightly raised their price target on Canaan to reflect a modest uptick in fair value to approximately $2.91, supported by expectations of stronger long term earnings multiples, despite slightly softer forecasts for revenue growth and profit margins. What's in the News Canaan launched its next generation Avalon A16 series bitcoin mining machines, including the A16XP model delivering 300 TH/s at 12.8 J/TH, reinforcing its vertically integrated bitcoin infrastructure strategy and expanding global pre orders and shipments from production centers across North America, East Asia, and Southeast Asia (company announcement).
WDC
US$181.08
Western Digital
7D
5.3%
1Y
194.2%

WDC: AI Storage Demand Will Support Higher Margins Amid Cycle Uncertainty

Analysts have nudged our Western Digital fair value estimate higher to about $187 per share from roughly $181, reflecting stronger than expected enterprise HDD and NAND demand, improving pricing and margin dynamics, and higher forward valuation multiples following a series of Street price target hikes into the $135 to $200 range. Analyst Commentary Bullish analysts have broadly raised price targets into the mid 100s to $200 range, citing a combination of better than expected earnings execution, improving supply demand conditions in both HDD and NAND, and rising confidence in Western Digital's ability to sustain higher margins through the current cycle.
DELL
US$126.42
Dell Technologies
7D
-3.1%
1Y
6.4%
AAPL
US$273.67
Apple
7D
-0.2%
1Y
7.2%
STX
US$296.36
Seagate Technology Holdings
7D
3.8%
1Y
234.8%
NTAP
US$111.90
NetApp
7D
-1.9%
1Y
-5.2%

NTAP: Margin Strength And Cloud Momentum Will Support Measured Future Upside

Analysts have nudged our NetApp price target slightly lower to approximately $124.33 from $125.00, reflecting only modest tweaks to long term growth, margin, and valuation assumptions, even as recent Street research highlights stronger than expected margins, robust all flash array performance, and sustained high teens public cloud growth. Analyst Commentary Recent Street commentary presents a largely constructive view on NetApp, with price targets edging higher alongside recognition of stronger profitability and resilient demand trends.
SNDK
US$237.61
Sandisk
7D
17.7%
1Y
n/a
HPQ
US$23.26
HP
7D
-5.0%
1Y
-30.0%

HPQ: Memory Supercycle And Print Weakness Will Shape Balanced Future Returns

Analysts have trimmed their average price target on HP Inc. by about $2 to the mid $20s, as rising memory costs, a weaker printing outlook, and the resulting $1B cost restructuring plan temper the benefit of slightly better expected revenue growth and broadly stable margins.
IONQ
US$48.48
IonQ
7D
5.2%
1Y
17.3%
OSS
US$7.35
One Stop Systems
7D
7.3%
1Y
155.2%

Why Investors Shouldn't Be Surprised By One Stop Systems, Inc.'s (NASDAQ:OSS) 31% Share Price Surge

Dec 04
Why Investors Shouldn't Be Surprised By One Stop Systems, Inc.'s (NASDAQ:OSS) 31% Share Price Surge
TBCH
US$13.70
Turtle Beach
7D
-6.5%
1Y
-14.2%

TBCH: Video Game Sector Momentum Will Drive Accessory Demand Through 2026

The analyst price target for Turtle Beach has been raised from $17.38 to $19.33 per share, as analysts point to strong video game sector growth, improved product releases, and anticipated margin expansion supporting a higher valuation. Analyst Commentary Recent analyst coverage of Turtle Beach reflects optimism about the company's prospects, as well as a few cautions regarding market dynamics and execution.
BGIN
US$2.82
Bgin Blockchain
7D
-8.4%
1Y
n/a

Bgin Blockchain IPOs Into A Bear Market

Nov 18