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U.S. Tech Hardware Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies50
  • 7D-2.9%
  • 3M26.1%
  • 1Y67.4%
  • YTD19.5%

Over the last 7 days, the Tech Hardware industry has dropped 2.9%, driven by a pullback from Apple of 5.3%. Meanwhile, Sandisk actually outperformed within the industry, gaining 27% in the last week. This takes the industry's 12 month performance to a gain of 67%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$5.1tUS$587.7bUS$138.0b44.3x37.1x8.7x
Tue, 12 May 2026US$5.0tUS$584.2bUS$136.5b43x36.9x8.6x
Thu, 09 Apr 2026US$4.1tUS$556.2bUS$122.5b26.1x33.9x7.5x
Sat, 07 Mar 2026US$4.2tUS$553.2bUS$122.8b25.2x34.2x7.6x
Mon, 02 Feb 2026US$4.2tUS$545.7bUS$121.5b27.1x34.4x7.7x
Wed, 31 Dec 2025US$4.3tUS$514.0bUS$111.8b23.1x38x8.3x
Fri, 28 Nov 2025US$4.3tUS$512.8bUS$113.1b24.9x38.2x8.4x
Sun, 26 Oct 2025US$4.1tUS$504.7bUS$100.3b27.3x41.1x8.2x
Tue, 23 Sep 2025US$4.0tUS$504.4bUS$100.3b26.6x39.9x7.9x
Thu, 21 Aug 2025US$3.6tUS$502.8bUS$100.5b20.1x35.5x7.1x
Sat, 19 Jul 2025US$3.3tUS$500.2bUS$98.6b20.2x33.4x6.6x
Mon, 16 Jun 2025US$3.1tUS$500.2bUS$98.5b17x31.1x6.1x
Wed, 14 May 2025US$3.3tUS$499.4bUS$100.0b16.1x32.7x6.5x
Fri, 11 Apr 2025US$3.1tUS$494.0bUS$101.2b13.6x30.5x6.3x
Sun, 09 Mar 2025US$3.7tUS$494.0bUS$101.2b15.7x36.6x7.5x
Tue, 04 Feb 2025US$3.7tUS$479.7bUS$100.5b21.1x36.6x7.7x
Thu, 02 Jan 2025US$3.9tUS$473.9bUS$97.2b23.7x40.2x8.3x
Sat, 30 Nov 2024US$3.7tUS$472.7bUS$96.5b21.7x38.5x7.9x
Mon, 28 Oct 2024US$3.6tUS$467.4bUS$107.9b22.5x33.8x7.8x
Wed, 25 Sep 2024US$3.6tUS$466.0bUS$106.7b19.2x33.4x7.7x
Fri, 23 Aug 2024US$3.6tUS$465.2bUS$106.5b24.5x33.4x7.6x
Sun, 21 Jul 2024US$3.6tUS$457.1bUS$103.3b26.3x34.8x7.9x
Tue, 18 Jun 2024US$3.4tUS$457.1bUS$103.2b26.3x33.1x7.5x
Thu, 16 May 2024US$3.0tUS$456.7bUS$103.2b28.2x29.4x6.7x
Sat, 13 Apr 2024US$2.9tUS$457.8bUS$102.9b24.7x27.7x6.2x
Mon, 11 Mar 2024US$2.8tUS$457.8bUS$102.7b26.1x27.2x6.1x
Wed, 07 Feb 2024US$3.0tUS$458.7bUS$102.6b29x29.7x6.6x
Fri, 05 Jan 2024US$2.9tUS$454.7bUS$98.6b26.3x29.7x6.4x
Sun, 03 Dec 2023US$3.1tUS$455.3bUS$98.5b27.2x31.2x6.7x
Tue, 31 Oct 2023US$2.7tUS$452.8bUS$94.9b18.9x28.9x6.1x
Thu, 28 Sep 2023US$2.8tUS$453.9bUS$95.1b21.3x29x6.1x
Sat, 26 Aug 2023US$2.9tUS$453.8bUS$95.2b25.2x30.3x6.3x
Mon, 24 Jul 2023US$3.1tUS$456.4bUS$95.7b32x32.5x6.8x
Wed, 21 Jun 2023US$3.0tUS$456.4bUS$95.7b30.9x31.3x6.6x
Price to Earnings Ratio

31.3x


Total Market Cap: US$3.0tTotal Earnings: US$95.7bTotal Revenue: US$456.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.6x202420252026
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 37.1x which is higher than its 3-year average PE of 33.6x.
  • The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 8.7x.
Past Earnings Growth
  • The earnings for companies in the Tech 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 Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.81%
Tech0.66%
Tech Hardware-2.92%
Tech Hardware Storage and Peripherals-2.92%
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
SNDK SandiskUS$1.98k27.0%
+US$62.3b		4,559.1%PE65.1x
STX Seagate Technology HoldingsUS$931.049.9%
+US$18.9b		631.5%PE88.6x
WDC Western DigitalUS$562.9310.0%
+US$17.6b		910.6%PE30.6x
IONQ IonQUS$57.851.9%
+US$399.4m		52.9%PE70x
GPGI GPGIUS$12.807.7%
+US$263.8m		-6.3%PS154592.8x

Latest News

INFQ
US$13.42
Infleqtion
7D
-7.8%
1Y
n/a
SMCI
US$30.46
Super Micro Computer
7D
-26.8%
1Y
-26.7%
Narrative Update • Jun 12

SMCI: AI Infrastructure Demand Will Outweigh Governance And Compliance Risks

Analysts have inched up their fair value estimate for Super Micro Computer to $57.66 per share from $56.90. This reflects slightly higher revenue growth assumptions tied to strong AI server demand while still incorporating concerns around margins, customer concentration, governance, and ongoing legal and dilution risks.
DELL
US$395.57
Dell Technologies
7D
0.3%
1Y
261.1%
Narrative Update • Jun 12

DELL: AI Server Demand And Supply Constraints Will Shape Future Margins

Narrative update Analysts have lifted the implied fair value estimate for Dell Technologies from about $169 to roughly $484, citing stronger expectations around AI driven server demand, improved revenue growth and margins, and a higher future P/E multiple supported by a wave of recent price target increases across the Street. Analyst Commentary Recent research on Dell Technologies points to a sharp reset higher in valuation frameworks, driven largely by AI related server momentum, stronger than expected Q1 results, and raised long term guidance.
P
US$72.31
Everpure
7D
0.2%
1Y
40.0%
NTAP
US$161.61
NetApp
7D
-3.3%
1Y
60.8%
Analysis Article • Jun 12

NetApp's (NASDAQ:NTAP) Earnings Seem To Be Promising

Shareholders appeared to be happy with NetApp, Inc.'s ( NASDAQ:NTAP ) solid earnings report last week. Looking deeper...
IONQ
US$57.85
IonQ
7D
1.9%
1Y
52.9%
STX
US$931.04
Seagate Technology Holdings
7D
9.9%
1Y
631.5%
HPE
US$48.17
Hewlett Packard Enterprise
7D
-2.1%
1Y
172.9%
KODK
US$9.65
Eastman Kodak
7D
6.5%
1Y
71.7%
Seeking Alpha • Jun 11

Eastman Kodak: Better Positioned, But Not Yet A Proven Turnaround

Summary Kodak is transitioning from legacy print to advanced materials and specialty manufacturing, with AM&C offering the most growth optionality. KODK's Q1 showed 7% revenue growth and improved margins, but recurring free cash flow remains negative due to working capital and commodity exposure. The balance sheet is now net cash positive, providing stability and room for strategic investments, yet FCF quality and capex needs remain key risks. I rate KODK a Hold; proof of recurring FCF and material AM&C growth is required for a bullish stance despite the attractive asset base. Read the full article on Seeking Alpha
AAPL
US$291.13
Apple
7D
-5.3%
1Y
48.2%
WDC
US$562.93
Western Digital
7D
10.0%
1Y
910.6%
SNDK
US$1,980.10
Sandisk
7D
27.0%
1Y
4,559.1%
HPQ
US$25.24
HP
7D
-1.3%
1Y
5.9%
Narrative Update • Jun 09

HPQ: Rising Memory Costs Will Constrain AI PC Margin Outlook

Analysts have raised the HP price target to $22.91 from $19.68, citing solid Q2 execution, cost control, and improved handling of memory-related headwinds. They also note ongoing pressure from input costs, PC demand pull-forward, and uncertainty related to the leadership transition.
GPGI
US$12.80
GPGI
7D
7.7%
1Y
-6.3%
CRSR
US$8.43
Corsair Gaming
7D
-6.4%
1Y
-6.9%
Narrative Update • Jun 03

CRSR: AI Product Hype Will Likely Outrun Margins And Future Returns

Narrative Update: Corsair Gaming The analyst price target for Corsair Gaming has been reset to $8.81 from $8.00, with analysts pointing to updated assumptions for margins, revenue growth and future P/E after a sharp recent share price move and mixed views on how retail enthusiasm aligns with the company’s fundamentals. Analyst Commentary Recent Street research on Corsair Gaming reflects a split view, with some analysts adjusting price targets higher while others are turning more cautious after the sharp share price swing.
BGIN
US$2.36
Bgin Blockchain
7D
-11.3%
1Y
n/a