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U.S. Tech Hardware Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies48
  • 7D7.9%
  • 3M9.9%
  • 1Y61.5%
  • YTD14.8%

In the last week, the Tech Hardware industry is up 7.9%, with Apple up 5.9%. During this same period, the GPGI underperformed, falling 16%. This takes the industry's 12 month performance to a gain of 62%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 May 2026US$4.9tUS$584.2bUS$135.9b26.2x36.1x8.4x
Sun, 05 Apr 2026US$4.2tUS$556.2bUS$122.6b25.3x34x7.5x
Tue, 03 Mar 2026US$4.3tUS$553.2bUS$122.7b26.9x34.9x7.7x
Thu, 29 Jan 2026US$4.1tUS$514.0bUS$111.8b33.6x36.5x7.9x
Sat, 27 Dec 2025US$4.3tUS$514.1bUS$111.9b23.5x38.2x8.3x
Mon, 24 Nov 2025US$4.2tUS$512.7bUS$113.1b24x37.2x8.2x
Wed, 22 Oct 2025US$4.1tUS$504.4bUS$100.3b27x40.9x8.1x
Fri, 19 Sep 2025US$3.7tUS$504.4bUS$100.3b26x37.1x7.4x
Sun, 17 Aug 2025US$3.6tUS$502.8bUS$100.5b20.2x35.7x7.1x
Tue, 15 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.5x6.6x
Thu, 12 Jun 2025US$3.2tUS$500.2bUS$98.5b17.7x32.1x6.3x
Sat, 10 May 2025US$3.1tUS$499.4bUS$99.9b14.5x30.6x6.1x
Mon, 07 Apr 2025US$2.9tUS$494.0bUS$101.2b12.3x28.8x5.9x
Wed, 05 Mar 2025US$3.7tUS$492.7bUS$100.5b16.7x36.4x7.4x
Fri, 31 Jan 2025US$3.7tUS$475.0bUS$98.1b21.6x38x7.8x
Sun, 29 Dec 2024US$4.0tUS$473.9bUS$97.2b24.4x41.1x8.4x
Tue, 26 Nov 2024US$3.6tUS$472.7bUS$96.5b22.4x37.3x7.6x
Thu, 24 Oct 2024US$3.7tUS$466.0bUS$106.8b19.5x34.8x8x
Sat, 21 Sep 2024US$3.6tUS$466.0bUS$106.7b19.5x33.7x7.7x
Mon, 19 Aug 2024US$3.6tUS$465.1bUS$106.8b24.1x33.5x7.7x
Wed, 17 Jul 2024US$3.8tUS$457.1bUS$103.3b27.5x36.4x8.2x
Fri, 14 Jun 2024US$3.4tUS$457.1bUS$103.2b26.6x33.4x7.5x
Sun, 12 May 2024US$2.9tUS$456.7bUS$103.2b28x28.6x6.5x
Tue, 09 Apr 2024US$2.8tUS$457.8bUS$102.9b24.5x26.9x6.1x
Thu, 07 Mar 2024US$2.8tUS$457.8bUS$102.6b25.9x27.1x6.1x
Sat, 03 Feb 2024US$3.0tUS$458.7bUS$102.6b28.4x29.1x6.5x
Mon, 01 Jan 2024US$3.1tUS$455.3bUS$98.5b26.2x31.4x6.8x
Wed, 29 Nov 2023US$3.0tUS$456.1bUS$98.1b21.7x31x6.7x
Fri, 27 Oct 2023US$2.7tUS$453.7bUS$95.6b18.9x28.2x5.9x
Sun, 24 Sep 2023US$2.8tUS$453.9bUS$95.1b20.2x29.7x6.2x
Tue, 22 Aug 2023US$2.8tUS$454.0bUS$95.2b25.3x29.6x6.2x
Thu, 20 Jul 2023US$3.2tUS$456.4bUS$95.7b32.5x33x6.9x
Sat, 17 Jun 2023US$3.0tUS$456.4bUS$95.7b30.8x31.3x6.6x
Mon, 15 May 2023US$2.8tUS$456.5bUS$95.7b24.9x29.1x6.1x
Price to Earnings Ratio

29.1x


Total Market Cap: US$2.8tTotal Earnings: US$95.7bTotal Revenue: US$456.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Tech 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 33.3x.
  • The 3-year average PS ratio of 7.1x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Market3.19%
Tech6.57%
Tech Hardware7.87%
Tech Hardware Storage and Peripherals7.87%
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$287.425.9%
+US$241.4b		45.5%PE34.4x
SNDK SandiskUS$1.34k22.2%
+US$36.6b		3,555.1%PE44x
STX Seagate Technology HoldingsUS$766.4413.8%
+US$20.8b		695.9%PE72.3x
DELL Dell TechnologiesUS$230.2710.2%
+US$13.9b		139.3%PE25.2x
WDC Western DigitalUS$463.916.8%
+US$12.6b		947.2%PE25.2x

Latest News

P
US$76.05
Everpure
7D
6.4%
1Y
55.3%
HPE
US$29.70
Hewlett Packard Enterprise
7D
3.2%
1Y
76.1%
SMCI
US$33.62
Super Micro Computer
7D
22.7%
1Y
4.7%
WDC
US$463.91
Western Digital
7D
6.8%
1Y
947.2%
AAPL
US$287.42
Apple
7D
5.9%
1Y
45.5%
STX
US$766.44
Seagate Technology Holdings
7D
13.8%
1Y
695.9%
PMTS
US$15.53
CPI Card Group
7D
-12.3%
1Y
-29.6%
GPGI
US$12.94
GPGI
7D
-16.1%
1Y
11.9%
Narrative Update • May 07

GPGI: Future Issuer Partnerships Will Counter Short Seller Concerns And Support Upside

Analysts have kept the GPGI price target at $22.00, citing updated assumptions that pair a slightly higher discount rate and revenue growth outlook with a lower profit margin and P/E. Together, these factors leave their valuation view broadly unchanged.
SCKT
US$0.87
Socket Mobile
7D
-3.9%
1Y
-29.7%
DELL
US$230.27
Dell Technologies
7D
10.2%
1Y
139.3%
Narrative Update • May 06

DELL: AI Infrastructure Orders Will Offset Memory Cost Headwinds

The analyst price target for Dell Technologies has been revised to $246 from $220, with analysts pointing to updated assumptions for revenue growth, profit margins, and P/E multiples following a series of recent target hikes across the Street. Analyst Commentary Recent research updates show a cluster of higher price targets for Dell Technologies, with several bullish analysts revisiting their models after the latest Q4 report and guidance.
MOVE
US$13.85
Corvex
7D
-12.9%
1Y
129.4%
SNDK
US$1,339.96
Sandisk
7D
22.2%
1Y
3,555.1%
CAN
US$0.52
Canaan
7D
-3.4%
1Y
-21.0%
Narrative Update • Apr 30

CAN: Tether Immersion Mining Partnership Will Support Future Upside Potential

Analysts have kept their Canaan price target steady at $2.05, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin, and future P/E. Together, these factors suggest a similar risk and return profile to prior views.
BOXL
US$1.00
Boxlight
7D
-9.1%
1Y
-89.0%
EBON
US$2.40
Ebang International Holdings
7D
-2.8%
1Y
-36.0%
FOXX
US$4.75
Foxx Development Holdings
7D
-3.0%
1Y
-17.0%