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U.S. Tech Hardware Storage and Peripherals Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies48
  • 7D5.1%
  • 3M2.6%
  • 1Y19.0%
  • YTDn/a

In the last week, the Tech Hardware Storage and Peripherals industry is up 5.1%, with Apple up 7.8%. During this same period, the Seagate Technology Holdings underperformed, falling 5.5%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 9.7% 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
Thu, 05 Feb 2026US$4.4tUS$545.7bUS$121.5b29.3x36x8x
Sat, 03 Jan 2026US$4.2tUS$514.0bUS$111.8b24.7x37.8x8.2x
Mon, 01 Dec 2025US$4.3tUS$512.8bUS$113.1b25.4x38.4x8.5x
Wed, 29 Oct 2025US$4.2tUS$504.7bUS$100.3b27.5x42x8.3x
Fri, 26 Sep 2025US$3.9tUS$504.4bUS$100.3b26.2x39.3x7.8x
Sun, 24 Aug 2025US$3.5tUS$502.8bUS$100.5b21.5x35.2x7x
Tue, 22 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.6x6.6x
Thu, 19 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31x6.1x
Sat, 17 May 2025US$3.3tUS$499.6bUS$100.0b16.4x32.8x6.6x
Mon, 14 Apr 2025US$3.1tUS$494.0bUS$101.2b13.6x30.3x6.2x
Wed, 12 Mar 2025US$3.5tUS$494.0bUS$101.2b16.3x34.8x7.1x
Fri, 07 Feb 2025US$3.6tUS$479.7bUS$100.5b21.8x36.1x7.6x
Sun, 05 Jan 2025US$3.8tUS$473.9bUS$97.2b23.5x39.2x8x
Tue, 03 Dec 2024US$3.7tUS$472.7bUS$96.5b21.8x38.5x7.9x
Thu, 31 Oct 2024US$3.6tUS$467.2bUS$106.7b16x34x7.8x
Sat, 28 Sep 2024US$3.6tUS$466.0bUS$106.7b18x33.6x7.7x
Mon, 26 Aug 2024US$3.6tUS$465.2bUS$106.5b24.9x33.7x7.7x
Wed, 24 Jul 2024US$3.6tUS$457.1bUS$103.2b27x34.7x7.8x
Fri, 21 Jun 2024US$3.5tUS$457.1bUS$103.2b26.6x33.4x7.6x
Sun, 19 May 2024US$3.1tUS$456.7bUS$103.3b28x29.8x6.7x
Tue, 16 Apr 2024US$2.9tUS$457.8bUS$102.9b24.5x27.9x6.3x
Thu, 14 Mar 2024US$2.8tUS$457.8bUS$102.7b26.2x27.3x6.1x
Sat, 10 Feb 2024US$3.0tUS$458.7bUS$102.6b28.9x29.6x6.6x
Mon, 08 Jan 2024US$2.9tUS$454.7bUS$98.6b26.6x29.6x6.4x
Wed, 06 Dec 2023US$3.0tUS$455.3bUS$98.5b27x30.9x6.7x
Fri, 03 Nov 2023US$2.8tUS$453.0bUS$94.8b19.9x29.6x6.2x
Sun, 01 Oct 2023US$2.8tUS$453.8bUS$95.1b22.7x29.1x6.1x
Tue, 29 Aug 2023US$2.9tUS$453.8bUS$95.2b25.2x30.3x6.3x
Thu, 27 Jul 2023US$3.1tUS$456.4bUS$95.7b32.4x32.8x6.9x
Sat, 24 Jun 2023US$3.0tUS$456.4bUS$95.7b31.1x31.6x6.6x
Mon, 22 May 2023US$2.8tUS$456.4bUS$95.7b25.5x29.6x6.2x
Wed, 19 Apr 2023US$2.7tUS$460.5bUS$97.1b25.8x27.9x5.9x
Fri, 17 Mar 2023US$2.5tUS$460.5bUS$96.9b25.9x26.1x5.5x
Sun, 12 Feb 2023US$2.5tUS$460.1bUS$97.3b25.1x25.3x5.4x
Price to Earnings Ratio

25.3x


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 Storage and Peripherals Industry Price to Earnings3Y Average 32.6x202420252026
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 36.0x which is higher than its 3-year average PE of 32.6x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Technology Hardware, Storage and Peripherals 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 Comparison

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

US Market-1.35%
Tech-5.09%
Tech Hardware5.05%
Tech Hardware Storage and Peripherals5.05%
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$276.497.8%
+US$290.1b		18.9%PE34.5x
SNDK SandiskUS$584.5510.8%
+US$8.9b		n/aPS9.7x
DELL Dell TechnologiesUS$122.044.0%
+US$3.1b		16.8%PE15.5x
HPE Hewlett Packard EnterpriseUS$23.247.0%
+US$2.0b		8.8%PS0.9x
SMCI Super Micro ComputerUS$33.768.2%
+US$1.5b		7.2%PE23.1x

Latest News

SMCI
US$33.76
Super Micro Computer
7D
8.2%
1Y
7.2%
IONQ
US$35.34
IonQ
7D
-22.8%
1Y
-16.5%
SNDK
US$584.55
Sandisk
7D
10.8%
1Y
n/a

News Flash: Analysts Just Made A Dazzling Upgrade To Their Sandisk Corporation (NASDAQ:SNDK) Forecasts

Feb 04
News Flash: Analysts Just Made A Dazzling Upgrade To Their Sandisk Corporation (NASDAQ:SNDK) Forecasts
WDC
US$269.41
Western Digital
7D
-3.7%
1Y
316.3%
HPE
US$23.24
Hewlett Packard Enterprise
7D
7.0%
1Y
8.8%

HPE: Juniper Networking Expansion Will Drive Future Upside Despite Memory Cycle Risks

Narrative Update The analyst price target for Hewlett Packard Enterprise has shifted toward the low to mid US$20s. This reflects mixed views, with some analysts pointing to benefits from the Juniper merger and networking scale, while others flag potential hardware margin pressure tied to memory cycle risks.
STX
US$418.63
Seagate Technology Holdings
7D
-5.5%
1Y
338.7%
HPQ
US$19.82
HP
7D
4.0%
1Y
-39.1%
GPGI
US$22.14
GPGI
7D
-7.9%
1Y
39.9%
AAPL
US$276.49
Apple
7D
7.8%
1Y
18.9%

AAPL: AI Partnership And Services Engine Will Support Measured Long-Term Risk Reward

The analyst price target for Apple nudged higher to around $292 from about $287 as analysts factor in firmer App Store trends and a series of recent target hikes tied to services strength and the Google Gemini partnership, while also trimming long term revenue growth and P/E assumptions, but slightly lifting profit margin expectations. Analyst Commentary Recent research on Apple has centered on two main themes: the pace of services growth, particularly in the App Store, and the implications of the Google Gemini partnership and rising memory costs for margins and valuation.
PSTG
US$67.27
Pure Storage
7D
-9.4%
1Y
-3.8%

PSTG: AI Workloads And Buybacks Will Support Future Premium P E

Pure Storage’s updated analyst price targets, including JPMorgan’s move to $110 and Morgan Stanley’s to $90, reflect analysts’ view that AI-related demand and ongoing share gains can support the current premium P/E. At the same time, they are watching for broader customer adoption and reassessing growth and margin assumptions.
CAN
US$0.60
Canaan
7D
-16.9%
1Y
-67.3%

CAN: Self Mining Expansion And Share Buybacks Will Support Long Term Upside

Analysts have trimmed their price targets for Canaan to reflect a slightly higher discount rate and lower assumed future P/E, partly offset by a more optimistic profit margin outlook. This has resulted in a modestly reduced fair value estimate that incorporates these updated assumptions.
QUBT
US$9.13
Quantum Computing
7D
-18.0%
1Y
-7.5%
KODK
US$7.45
Eastman Kodak
7D
0.8%
1Y
-2.7%
OSS
US$8.96
One Stop Systems
7D
-13.5%
1Y
108.6%

OSS: Bressner Sale Will Limit Upside If M&A Execution Disappoints

Narrative Update on One Stop Systems Analysts have lifted their price target on One Stop Systems to $9.00, up $0.50, citing the sale of the low margin European reseller Bressner Technology for $22.4m and the potential to redeploy proceeds into M&A, along with prior commentary around better than expected Q3 results and a completed turnaround. Analyst Commentary Recent research has focused on two main drivers for One Stop Systems: the sale of Bressner Technology and the recent Q3 performance, with both feeding into higher price targets and a more constructive narrative around execution and capital allocation.
DELL
US$122.04
Dell Technologies
7D
4.0%
1Y
16.8%

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.
NTAP
US$100.53
NetApp
7D
1.2%
1Y
-18.7%

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.