Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Tech Hardware Storage and Peripherals Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies48
  • 7D4.2%
  • 3M1.5%
  • 1Y55.2%
  • YTDn/a

Over the last 7 days, the Tech Hardware Storage and Peripherals industry has risen 2.2%, driven by gains from Apple of 4.9%. Meanwhile, Dell Technologies actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 50%. Looking forward, earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026US$5.4tUS$618.5bUS$156.0b32.5x34.5x8.7x
Fri, 31 Jul 2026US$5.7tUS$588.9bUS$139.1b42.7x40.8x9.6x
Sun, 28 Jun 2026US$5.1tUS$587.7bUS$138.0b40.2x36.8x8.6x
Tue, 26 May 2026US$5.3tUS$584.2bUS$136.5b42.8x38.6x9x
Thu, 23 Apr 2026US$4.4tUS$556.1bUS$122.6b31x36.2x8x
Sat, 21 Mar 2026US$4.1tUS$556.1bUS$122.6b25.2x33.3x7.3x
Mon, 16 Feb 2026US$4.2tUS$552.9bUS$121.7b27x34.2x7.5x
Wed, 14 Jan 2026US$4.1tUS$514.0bUS$111.8b28.1x36.5x7.9x
Fri, 12 Dec 2025US$4.3tUS$514.1bUS$111.9b25.6x38.9x8.5x
Sun, 09 Nov 2025US$4.2tUS$512.7bUS$113.1b27.2x37.1x8.2x
Tue, 07 Oct 2025US$4.0tUS$504.4bUS$100.3b28.8x40.3x8x
Thu, 04 Sep 2025US$3.6tUS$502.9bUS$100.5b21.8x35.5x7.1x
Sat, 02 Aug 2025US$3.2tUS$502.4bUS$101.0b18.4x32.1x6.4x
Mon, 30 Jun 2025US$3.1tUS$500.2bUS$98.5b18.2x31.9x6.3x
Wed, 28 May 2025US$3.0tUS$499.7bUS$99.9b17x30.4x6.1x
Fri, 25 Apr 2025US$3.2tUS$494.1bUS$101.2b12.8x31.4x6.4x
Sun, 23 Mar 2025US$3.4tUS$494.0bUS$101.2b16.5x33.5x6.9x
Tue, 18 Feb 2025US$3.8tUS$479.7bUS$100.4b22.1x38x8x
Thu, 16 Jan 2025US$3.6tUS$473.9bUS$97.2b23.7x37.4x7.7x
Sat, 14 Dec 2024US$3.9tUS$473.9bUS$97.2b27.9x39.9x8.2x
Mon, 11 Nov 2024US$3.6tUS$472.6bUS$96.4b23.4x36.8x7.5x
Wed, 09 Oct 2024US$3.6tUS$466.0bUS$106.7b19.2x33.4x7.6x
Fri, 06 Sep 2024US$3.5tUS$466.1bUS$106.6b21.1x32.6x7.5x
Sun, 04 Aug 2024US$3.5tUS$461.9bUS$105.9b24.8x32.8x7.5x
Tue, 02 Jul 2024US$3.4tUS$457.1bUS$103.3b27.2x32.8x7.4x
Thu, 30 May 2024US$3.1tUS$456.7bUS$103.3b28.3x29.7x6.7x
Sat, 27 Apr 2024US$2.8tUS$458.2bUS$103.4b24.1x26.7x6x
Mon, 25 Mar 2024US$2.8tUS$457.8bUS$102.9b26.4x27.3x6.1x
Wed, 21 Feb 2024US$2.9tUS$458.7bUS$102.6b27.8x28.6x6.4x
Fri, 19 Jan 2024US$3.0tUS$454.7bUS$98.6b27.1x30.6x6.6x
Sun, 17 Dec 2023US$3.2tUS$455.3bUS$98.5b27.4x32.2x7x
Tue, 14 Nov 2023US$3.0tUS$456.1bUS$98.2b19x30.2x6.5x
Thu, 12 Oct 2023US$2.9tUS$453.8bUS$95.1b25.5x30.5x6.4x
Sat, 09 Sep 2023US$2.9tUS$453.9bUS$95.1b23.2x30.2x6.3x
Price to Earnings Ratio

30.2x


Total Market Cap: US$2.9tTotal Earnings: US$95.1bTotal Revenue: US$453.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Storage and Peripherals Industry Price to Earnings3Y Average 34x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Technology Hardware, Storage and Peripherals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 34.0x.
  • The 3-year average PS ratio of 7.4x is lower than the industry's current PS ratio of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Technology Hardware, Storage and Peripherals industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.92%
Tech1.26%
Tech Hardware4.16%
Tech Hardware Storage and Peripherals4.16%
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$325.134.9%
+US$222.3b		41.5%PE36.8x
SNDK SandiskUS$1.54k3.8%
+US$8.2b		2,909.3%PE19.7x
HPQ HPUS$31.326.1%
+US$1.2b		8.2%PE11.5x
PSQL Pasqal HoldingUS$15.5651.8%
+US$152.7m		n/an/a
MOVE CorvexUS$12.8137.9%
+US$97.3m		90.1%PS31.9x

Latest News

MOVE
US$12.81
Corvex
7D
37.9%
1Y
90.1%
GPGI
US$13.09
GPGI
7D
-3.7%
1Y
-31.0%
SNDK
US$1,536.87
Sandisk
7D
3.8%
1Y
2,909.3%
Seeking Alpha • 8h

Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)

Summary Sandisk Corporation is upgraded to a Strong Buy, driven by extraordinary AI-fueled growth and a deeply discounted valuation. SNDK delivered 371.6% YoY revenue growth and nearly 60 percentage points of gross margin expansion, with robust operating leverage and EPS outperformance. AI and cloud infrastructure demand are powering a supercycle, while new long-term contracts and business models aim to reduce cyclicality risk. Despite emerging risks from CXMT and sector cyclicality, Sandisk’s strategic positioning, innovation, and attractive forward multiples present a compelling multiyear opportunity. Read the full article on Seeking Alpha
AAPL
US$325.13
Apple
7D
4.9%
1Y
41.5%
DELL
US$425.00
Dell Technologies
7D
-5.9%
1Y
251.4%
Seeking Alpha • Aug 30

Dell Q2: $51.3 Billion In Backlog; Now Show Me The Profits

Summary With $51.3 billion of AI backlog and $24.4 billion of quarterly AI orders, I think the market has moved beyond the demand question. I want to see whether that growth can lift profits as lower-margin AI servers become a bigger part of the mix. Management raised FY27 revenue guidance by $27 billion at the midpoint last quarter. Some analysts expect another raise in Q2. I wouldn't be surprised to see one. Whether the market reacts similarly to the Q1 release is a completely different thing. I want ISG margins to improve from last quarter’s 10.5%. Overall, I remain neutral on this name. I don't see a compelling buying opportunity heading into the print, as I think the market's focus may be on margins. Read the full article on Seeking Alpha
PSQL
US$15.56
Pasqal Holding
7D
51.8%
1Y
n/a
INFQ
US$12.69
Infleqtion
7D
-8.2%
1Y
25.5%
HPQ
US$31.32
HP
7D
6.1%
1Y
8.2%
STX
US$816.64
Seagate Technology Holdings
7D
-0.6%
1Y
379.0%
Seeking Alpha • Aug 28

Seagate: Not A Time To Be Greedy - More Consolidation Ahead

Summary NVDA feds the AI exuberance by guiding double digits growth through FY2028, with STX likely to be a multi-year beneficiary as a critical HDD supplier. The fully contracted 2027 capacity and long-term supply agreements support their robust profitable growth prospects and richer cash flow generations. STX may also escape the cyclical boom/bust pains with a focus on aerial density instead of volume growth, aided by the HAMR technology advances. Risks include the premium P/E of 22.96x against its peers' P/E median of 12.78x and ongoing insider selling, with its near-term return prospects likely to underwhelm. STX remains a Hold here, with the recent consolidation and raised consensus forward estimates yet to sufficiently improve its inflated investment thesis. Read the full article on Seeking Alpha
HPE
US$50.87
Hewlett Packard Enterprise
7D
-4.8%
1Y
124.3%
P
US$93.78
Everpure
7D
-8.8%
1Y
21.1%
SMCI
US$36.71
Super Micro Computer
7D
-4.6%
1Y
-10.0%
NTAP
US$183.16
NetApp
7D
-2.3%
1Y
58.8%
Narrative Update • Aug 24

NTAP: AI Storage Demand And Partnerships Will Offset Full Valuation Risks

NetApp's updated analyst price target of $210, up from $170, reflects a series of higher Street targets that cite stronger enterprise storage spending, AI infrastructure demand and recent earnings outperformance, even as analysts flag elevated expectations and full valuation risk. Analyst Commentary Recent research on NetApp highlights a mix of optimism around growth opportunities and caution around how much of that story may already be reflected in the stock.
XRX
US$3.16
Xerox Holdings
7D
7.1%
1Y
-17.5%
New Narrative • Aug 18

Lexmark Integration And IT Solutions Expansion Will Reshape Long-Term Prospects

Catalysts About Xerox Holdings Xerox Holdings is a global provider of print, office technology, production print systems, and IT Solutions for business customers. What are the underlying business or industry changes driving this perspective?
QMCO
US$24.17
Quantum
7D
8.0%
1Y
231.1%
BGIN
US$2.10
Bgin Blockchain
7D
2.4%
1Y
n/a