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U.S. Tech Hardware Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies50
  • 7D3.6%
  • 3M7.0%
  • 1Y48.8%
  • YTD3.3%

In the last week, the Tech Hardware industry is up 3.6%, with Apple up 2.9%. This means that the industry has gained 49% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026US$4.3tUS$556.1bUS$122.6b31.2x35.1x7.7x
Sat, 14 Mar 2026US$4.1tUS$556.1bUS$122.6b23.4x33.7x7.4x
Mon, 09 Feb 2026US$4.5tUS$552.7bUS$121.6b29.5x36.9x8.1x
Wed, 07 Jan 2026US$4.2tUS$514.0bUS$111.8b28.8x37.4x8.1x
Fri, 05 Dec 2025US$4.4tUS$512.9bUS$113.1b26.2x38.6x8.5x
Sun, 02 Nov 2025US$4.2tUS$513.2bUS$114.5b24.2x36.9x8.2x
Tue, 30 Sep 2025US$4.0tUS$504.4bUS$100.3b26.3x39.6x7.9x
Thu, 28 Aug 2025US$3.6tUS$502.8bUS$100.5b21.7x35.4x7.1x
Sat, 26 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.9x6.7x
Mon, 23 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31.8x6.3x
Wed, 21 May 2025US$3.2tUS$499.7bUS$99.9b16.6x32.5x6.5x
Fri, 18 Apr 2025US$3.1tUS$494.0bUS$101.2b11.7x30.2x6.2x
Sun, 16 Mar 2025US$3.3tUS$494.1bUS$101.2b16.5x32.8x6.7x
Tue, 11 Feb 2025US$3.6tUS$479.7bUS$100.5b21.7x35.4x7.4x
Thu, 09 Jan 2025US$3.8tUS$473.9bUS$97.2b23.6x39x8x
Sat, 07 Dec 2024US$3.8tUS$473.9bUS$97.2b23.2x39.2x8x
Mon, 04 Nov 2024US$3.5tUS$472.6bUS$98.6b14.6x35.3x7.4x
Wed, 02 Oct 2024US$3.7tUS$466.0bUS$106.7b17.6x34.4x7.9x
Fri, 30 Aug 2024US$3.6tUS$465.2bUS$106.5b22x33.5x7.7x
Sun, 28 Jul 2024US$3.5tUS$456.9bUS$103.3b26.3x33.7x7.6x
Tue, 25 Jun 2024US$3.3tUS$457.1bUS$103.3b26.4x32.4x7.3x
Thu, 23 May 2024US$3.1tUS$456.7bUS$103.3b27x30x6.8x
Sat, 20 Apr 2024US$2.7tUS$457.8bUS$102.9b23.8x26.5x6x
Mon, 18 Mar 2024US$2.8tUS$457.8bUS$102.8b26.4x27.4x6.2x
Wed, 14 Feb 2024US$3.0tUS$458.7bUS$102.6b28.3x29.1x6.5x
Fri, 12 Jan 2024US$3.0tUS$454.7bUS$98.6b27.8x30.4x6.6x
Sun, 10 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.9x6.9x
Tue, 07 Nov 2023US$2.8tUS$452.4bUS$97.1b20.4x29.2x6.3x
Thu, 05 Oct 2023US$2.8tUS$453.8bUS$95.1b23.2x29.5x6.2x
Sat, 02 Sep 2023US$3.1tUS$453.9bUS$95.1b23.3x32.1x6.7x
Mon, 31 Jul 2023US$3.2tUS$456.4bUS$95.7b32.8x33.4x7x
Wed, 28 Jun 2023US$3.0tUS$456.4bUS$95.7b31.4x31.8x6.7x
Fri, 26 May 2023US$2.8tUS$456.4bUS$95.7b25x29x6.1x
Sun, 23 Apr 2023US$2.7tUS$460.5bUS$97.1b24.7x27.6x5.8x
Price to Earnings Ratio

27.6x


Total Market Cap: US$2.7tTotal Earnings: US$97.1bTotal Revenue: US$460.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.2x202420252026
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 33.2x.
  • The industry is trading close to its 3-year average PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.1% per year over the last three years.
  • Revenues for these companies have grown 6.5% 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 Market3.42%
Tech7.00%
Tech Hardware3.56%
Tech Hardware Storage and Peripherals3.56%
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$266.432.9%
+US$110.5b		37.1%PE33.2x
SNDK SandiskUS$891.7214.2%
+US$16.4b		2,684.0%PS14.7x
WDC Western DigitalUS$365.007.7%
+US$8.9b		924.7%PE31.4x
IONQ IonQUS$43.2549.2%
+US$5.2b		76.0%PS122x
STX Seagate Technology HoldingsUS$519.604.7%
+US$5.2b		613.5%PE59.1x

Latest News

DELL
US$177.28
Dell Technologies
7D
-4.4%
1Y
112.7%
IONQ
US$43.25
IonQ
7D
49.2%
1Y
76.0%
SNDK
US$891.72
Sandisk
7D
14.2%
1Y
2,684.0%

Sandisk Has Further Room To Run

Apr 15
AAPL
US$266.43
Apple
7D
2.9%
1Y
37.1%

AAPL: Services Breadth And AI Partnerships Will Support Long Term Earnings Resilience

Apple's analyst price target is rising by about $1 to just over $296, as analysts factor in steadier App Store growth, expectations that new MacBook Neo and iPhone refreshes can support revenue, and updated views on margins and future P/E multiples. Analyst Commentary Recent research around Apple clusters into two clear camps, with bullish analysts pointing to product breadth and services resilience, while bearish analysts focus on cost pressures, China exposure, and premium valuation.
STX
US$519.60
Seagate Technology Holdings
7D
4.7%
1Y
613.5%
PSTG
US$64.89
Everpure
7D
4.2%
1Y
57.3%

PSTG: AI Storage Demand And Bookings Momentum Will Support Future Premium P/E

Everpure's analyst price target remains steady at $105, as analysts balance slightly higher modeled revenue growth and profit margin with updated views on future P/E and sector level memory cost and margin pressures reflected in recent Pure Storage research. Analyst Commentary Recent Street research on Pure Storage offers useful context for how investors may think about Everpure, especially around valuation, execution and sensitivity to memory costs.
HPE
US$24.62
Hewlett Packard Enterprise
7D
-1.4%
1Y
65.5%

Hewlett Packard Enterprise: Too Much Demand Isn't A Bad Problem

Apr 14
INFQ
US$15.00
Infleqtion
7D
32.5%
1Y
n/a

Quantum Sensing And Secure Timing Will Reshape Long Term Defense And Critical Infrastructure

Catalysts About Infleqtion Infleqtion develops neutral atom based quantum computing, sensing and timing systems for defense, space and commercial applications. What are the underlying business or industry changes driving this perspective?
SMCI
US$27.29
Super Micro Computer
7D
16.8%
1Y
-14.4%
WDC
US$365.00
Western Digital
7D
7.7%
1Y
924.7%

WDC: AI Storage Optimism And Rich P/E Will Drive Future Downside Risk

Western Digital's updated fair value estimate has shifted from $170 to about $227 per share, reflecting analysts' higher assessed revenue growth potential, a slightly adjusted margin outlook, and a richer future P/E assumption following a broad wave of Street price target increases. Analyst Commentary Recent Street research on Western Digital has been dominated by higher price targets and rating upgrades, including moves from large firms such as JPMorgan, Goldman Sachs, BofA, Citi and Wells Fargo.
GPGI
US$16.46
GPGI
7D
-2.5%
1Y
56.9%

GPGI: Future Upside Will Depend On Premium Card Issuer Partnerships

Analysts now see GPGI’s fair value edging to about $24.33 from roughly $24.20. The updated price target reflects a higher assumed discount rate, a very large adjustment to projected revenue growth, a lower profit margin outlook, and a higher future P/E, informed in part by recent commentary that JPMorgan Chase taking over the Apple Card program could be a positive readthrough for key suppliers like CompoSecure.
SONM
US$3.15
DNA X
7D
-4.5%
1Y
-87.8%
FOXX
US$5.73
Foxx Development Holdings
7D
-1.0%
1Y
31.7%
BGIN
US$3.10
Bgin Blockchain
7D
-2.5%
1Y
n/a
AIMD
US$1.61
Ainos
7D
-2.4%
1Y
-40.4%