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U.S. Tech Hardware Storage and Peripherals Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies51
  • 7D1.9%
  • 3M26.3%
  • 1Y68.9%
  • YTDn/a

In the last week, the Tech Hardware Storage and Peripherals industry is up 1.9%, with Apple up 5.2%. During this same period, the Sandisk underperformed, falling 19%. This takes the industry's 12 month performance to a gain of 69%. As for the next few years, earnings are expected to grow by 12% 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, 20 Jul 2026US$5.6tUS$587.7bUS$138.2b42.1x40.6x9.5x
Wed, 17 Jun 2026US$5.3tUS$587.7bUS$138.0b44.5x38.6x9.1x
Fri, 15 May 2026US$5.1tUS$584.2bUS$136.5b40.6x37.4x8.7x
Sun, 12 Apr 2026US$4.3tUS$556.2bUS$122.5b29.5x35x7.7x
Tue, 10 Mar 2026US$4.1tUS$553.2bUS$122.8b25.3x33.8x7.5x
Thu, 05 Feb 2026US$4.4tUS$552.7bUS$121.6b28.8x36x7.9x
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
Price to Earnings Ratio

32.8x


Total Market Cap: US$3.1tTotal Earnings: US$95.7bTotal Revenue: US$456.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Storage and Peripherals Industry Price to Earnings3Y Average 33.8x202420252026
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 40.6x which is higher than its 3-year average PE of 33.8x.
  • The 3-year average PS ratio of 7.3x is lower than the industry's current PS ratio of 9.5x.
Past Earnings Growth
  • The earnings for companies in the Technology Hardware, Storage and Peripherals industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 8.8% 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-1.36%
Tech-2.63%
Tech Hardware1.92%
Tech Hardware Storage and Peripherals1.92%
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$333.745.2%
+US$241.3b		57.1%PE40x
GPGI GPGIUS$14.511.8%
+US$72.5m		-3.5%PS175245.4x
HPQ HPUS$24.840.3%
+US$64.0m		0.04%PE8.9x
QMCO QuantumUS$10.639.9%
+US$37.8m		17.8%PS1.5x
CRSR Corsair GamingUS$9.753.0%
+US$29.9m		5.7%PE110.1x

Latest News

AAPL
US$333.74
Apple
7D
5.2%
1Y
57.1%
Seeking Alpha • 2h

'Apple Smart' Heads To China: A Key Catalyst Among Several

Summary Apple Inc. (AAPL) surged 5% this week on multiple catalysts, including regulatory and AI developments. AAPL's inclusion atop China's approved AI services list signals regulatory favor and strategic positioning in the Chinese market. Integration of Alibaba's Qwen AI model into Apple Intelligence across iOS, iPadOS, macOS, and visionOS enhances AAPL's AI capabilities in China. Recent positive news flow and regulatory wins reinforce my bullish view on AAPL's growth and competitive edge. Read the full article on Seeking Alpha
SNDK
US$1,354.82
Sandisk
7D
-19.1%
1Y
3,156.0%
Seeking Alpha • 11h

Sandisk: The Math Supporting A Rare Opportunity

Summary Sandisk Corporation is upgraded to a long-term Strong Buy as its business model shifts from cyclical commodity to high-margin, contract-based AI infrastructure. SNDK's Q3 revenue surged 251% YOY to $5.95B, driven by a 248% increase in ASP per gigabyte, with gross margins reaching 78.4%. Capital efficiency is exceptional, with Q3 capex at just 1.4% of revenue, supported by the Kioxia partnership and advanced product launches extending margin durability. At 6.4x 2027 EPS and 16.2x forward EV/EBITDA, SNDK offers a compelling margin of safety and re-rating potential as a structural AI storage winner. Read the full article on Seeking Alpha
STX
US$787.66
Seagate Technology Holdings
7D
-8.5%
1Y
426.4%
HPE
US$45.82
Hewlett Packard Enterprise
7D
-3.0%
1Y
121.8%
Seeking Alpha • Jul 19

Hewlett Packard Enterprise - Demand Is Not The Question, Timing Is (Rating Downgrade)

Summary Hewlett Packard Enterprise delivered a ~217% total return since my April 2023 Buy call, driven by AI high performance computing and an unpriced Juniper option. Valuation multiples have expanded significantly, now reflecting both aggressive earnings revisions and the high performance computing theme. Relative to peers like Dell, HPE screens slightly cheaper, but this is justified by its growth profile and current consensus expectations. I am downgrading HPE to Hold, as upside is now balanced by execution risks and fully priced-in guidance; a Buy would require valuation cooling or new catalysts. Read the full article on Seeking Alpha
CRSR
US$9.75
Corsair Gaming
7D
3.0%
1Y
5.7%
SMCI
US$24.18
Super Micro Computer
7D
-12.6%
1Y
-53.0%
WDC
US$477.22
Western Digital
7D
-14.1%
1Y
594.2%
New Narrative • Jul 17

Western Digital (WDC) Stock Price is riding a 54% margin that isn't quite what it looks like

Cyclical high for earnings on current shortages. Jeff Bezos "your margin is my opportunity" China supply could pressure margins Depends on complexity of memory and storage Western Digital (WDC) has quietly become one of the cleanest ways to own the AI buildout, and that is exactly what makes it worth a second look.
GPGI
US$14.51
GPGI
7D
1.8%
1Y
-3.5%
DELL
US$396.34
Dell Technologies
7D
-7.2%
1Y
207.3%
Seeking Alpha • Jul 14

Dell Technologies And Its Real Value

Summary Dell Technologies has surged 120% in 2024, but current valuations appear significantly overpriced relative to multiple valuation models. AI infrastructure demand drives DELL’s backlog and earnings growth, yet gross margins remain below preferred levels and short-term liquidity is limited. DELL’s net debt and leverage have improved, but negative shareholder equity make this company more challenging to analyze. Despite strong cash generation and ROIC, DELL’s recent exponential share price growth appears unsustainable, warranting investor caution. Read the full article on Seeking Alpha
P
US$69.38
Everpure
7D
-7.9%
1Y
21.7%
QMCO
US$10.63
Quantum
7D
9.9%
1Y
17.8%
Seeking Alpha • Jul 14

Quantum Corporation: A Growth Segment The Market May Have Not Priced In

Summary Quantum Corporation (QMCO) is rated a buy, with an FY 2027 price target implying 18% upside from current levels. QMCO's Q4 revenue grew 27.3% YoY, driven by strong demand for its ActiveScale storage solutions amid accelerating AI workloads. Recent equity financing eliminated all debt, strengthened liquidity, and improved QMCO's capital structure, positioning it for future growth. Supply chain bottlenecks, particularly in tape and disk components, present a moderate risk to backlog conversion and margin recovery. Read the full article on Seeking Alpha
IONQ
US$34.78
IonQ
7D
-10.5%
1Y
-21.7%
HPQ
US$24.84
HP
7D
0.3%
1Y
0.04%
Seeking Alpha • Jul 11

HP Is A High Yielding Undervalued Tech Stock (Technical Analysis)

Summary HP, Inc. is a high-yield, undervalued tech stock with a bullish technical setup and a nearly 5% dividend yield. HPQ demonstrates strong valuation and profitability grades, with recent upward revisions to EPS and revenue estimates supporting its investment case. Technical analysis shows HPQ trading above its 30-week EMA, with bullish momentum, volume, and relative strength versus the S&P 500. The dividend appears well-covered with a 35% payout ratio and 3.39x free cash flow coverage, despite a modest dividend safety grade. Read the full article on Seeking Alpha
DBD
US$85.67
Diebold Nixdorf
7D
0.05%
1Y
45.1%
Seeking Alpha • Jul 10

Diebold Nixdorf: Nothing That Turns The Eye

Summary Diebold Nixdorf is rated a "Hold" despite a 42.86% 12-month rally, driven by strong Retail segment performance and management's robust FY2026 free cash flow guidance. DBD trades at a discounted P/FCF versus the sector median, but Banking segment growth remains lackluster, limiting upside until automated/teller cash recycler sales accelerate. Retail segment momentum is underpinned by self-checkout technology and Smart Vision, addressing shrink and labor costs, with backlog rising to $790 million. Recent restructuring reduced legacy debt, but high-interest costs (9.9%) and modest 6% YoY consolidated revenue growth temper enthusiasm for a higher rating. Read the full article on Seeking Alpha
TBCH
US$13.01
Turtle Beach
7D
1.2%
1Y
-0.5%
Narrative Update • Jul 06

TBCH: Index Changes And Buybacks Will Support Accessory Demand Through 2026

Analysts have revised their price target for Turtle Beach to $16.40 from $19.33, citing updated views on revenue growth, profit margin expectations, and future P/E assumptions based on recent Street research. What’s in the News for Turtle Beach Turtle Beach was dropped from several Russell growth benchmarks, including the Russell 3000 Growth, Russell 2000 Growth, Russell 2500 Growth, Russell Microcap Growth, Russell 3000E Growth, and Russell Small Cap Comp Growth indexes.
ALOT
US$28.62
AstroNova
7D
0.4%
1Y
153.3%