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U.S. Tech Hardware Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies50
  • 7D0.002%
  • 3M-4.0%
  • 1Y20.1%
  • YTD-4.1%

The Tech Hardware industry has been flat over the last week, but Western Digital has lost 10%. The past year has been better, since the industry has gained 20% in that time. As for the next few years, earnings are expected to grow by 9.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$4.0tUS$556.2bUS$122.6b23.2x32.5x7.2x
Fri, 27 Feb 2026US$4.4tUS$553.1bUS$122.7b27.6x36.2x8x
Sun, 25 Jan 2026US$3.9tUS$514.0bUS$111.8b31.1x35.1x7.6x
Tue, 23 Dec 2025US$4.2tUS$514.1bUS$111.9b23.4x37.8x8.2x
Thu, 20 Nov 2025US$4.2tUS$512.7bUS$113.1b24.7x36.9x8.1x
Sat, 18 Oct 2025US$3.9tUS$504.4bUS$100.3b27.1x38.8x7.7x
Mon, 15 Sep 2025US$3.7tUS$504.4bUS$100.3b25.5x36.5x7.3x
Wed, 13 Aug 2025US$3.5tUS$502.7bUS$100.7b20.4x35x7x
Fri, 11 Jul 2025US$3.3tUS$500.2bUS$98.6b20.4x33.7x6.6x
Sun, 08 Jun 2025US$3.2tUS$500.2bUS$98.5b18.2x32.2x6.4x
Tue, 06 May 2025US$3.2tUS$498.6bUS$102.2b13.3x31.1x6.4x
Thu, 03 Apr 2025US$3.5tUS$494.0bUS$101.2b14.4x34.1x7x
Sat, 01 Mar 2025US$3.8tUS$492.7bUS$100.5b17.8x37.4x7.6x
Mon, 27 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x35.9x7.4x
Wed, 25 Dec 2024US$4.0tUS$473.9bUS$97.2b26.6x41.5x8.5x
Fri, 22 Nov 2024US$3.6tUS$472.6bUS$96.4b23.9x37.1x7.6x
Sun, 20 Oct 2024US$3.7tUS$466.0bUS$106.8b19.7x34.7x7.9x
Tue, 17 Sep 2024US$3.5tUS$466.0bUS$106.7b21.4x32.8x7.5x
Thu, 15 Aug 2024US$3.5tUS$465.1bUS$106.7b23.9x32.7x7.5x
Sat, 13 Jul 2024US$3.7tUS$457.1bUS$103.3b27.2x35.4x8x
Mon, 10 Jun 2024US$3.2tUS$457.1bUS$103.2b25.8x30.7x6.9x
Wed, 08 May 2024US$2.9tUS$456.7bUS$103.3b25.7x28.5x6.4x
Fri, 05 Apr 2024US$2.8tUS$457.8bUS$102.9b24.4x26.9x6x
Sun, 03 Mar 2024US$2.9tUS$457.8bUS$102.6b27.5x28.5x6.4x
Tue, 30 Jan 2024US$3.1tUS$454.4bUS$98.6b30.6x31.3x6.8x
Thu, 28 Dec 2023US$3.1tUS$455.3bUS$98.5b26.9x31.5x6.8x
Sat, 25 Nov 2023US$3.0tUS$456.1bUS$98.1b21.8x31x6.7x
Mon, 23 Oct 2023US$2.8tUS$453.8bUS$95.1b20.5x29.3x6.1x
Wed, 20 Sep 2023US$2.9tUS$453.9bUS$95.1b20.5x30.4x6.4x
Fri, 18 Aug 2023US$2.9tUS$454.0bUS$95.2b25.1x30x6.3x
Sun, 16 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Tue, 13 Jun 2023US$3.0tUS$456.4bUS$95.7b30.6x31.1x6.5x
Thu, 11 May 2023US$2.8tUS$456.5bUS$95.8b25.1x29.2x6.1x
Sat, 08 Apr 2023US$2.7tUS$460.6bUS$97.1b24x27.6x5.8x
Price to Earnings Ratio

27.6x


Total Market Cap: US$2.7tTotal Earnings: US$97.1bTotal Revenue: US$460.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.1x202420252026
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 33.1x.
  • The industry is trading close to its 3-year average PS ratio of 7.0x.
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 Market-0.61%
Tech-2.04%
Tech Hardware0.002%
Tech Hardware Storage and Peripherals0.002%
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$253.790.9%
+US$31.6b		13.7%PE31.6x
HPQ HPUS$19.211.7%
+US$292.7m		-30.9%PE7x
BGIN Bgin BlockchainUS$2.9726.2%
+US$69.7m		n/aPS1.6x
KODK Eastman KodakUS$9.058.1%
+US$66.3m		46.2%PS0.8x
PMTS CPI Card GroupUS$14.512.7%
+US$4.4m		-50.2%PE11.1x

Latest News

HPQ
US$19.21
HP
7D
1.7%
1Y
-30.9%
SNDK
US$635.34
Sandisk
7D
-9.6%
1Y
1,220.6%
AAPL
US$253.79
Apple
7D
0.9%
1Y
13.7%
WDC
US$270.49
Western Digital
7D
-10.2%
1Y
561.5%

WDC: AI Storage And $20 EPS Roadmap Will Drive Future Upside

Narrative Update: Western Digital Analyst Price Target The updated analyst price target for Western Digital reflects a recalibrated view that incorporates higher projected revenue growth, slightly adjusted discount rate assumptions, and modestly lower future P/E expectations. Analysts point to management's confidence in $20 plus EPS, a path toward higher margins, and AI driven storage demand as key supports for the revised valuation in the $300 plus range.
PSTG
US$59.04
Everpure
7D
-9.4%
1Y
30.1%
ALOT
US$9.19
AstroNova
7D
2.8%
1Y
2.8%
SMCI
US$22.77
Super Micro Computer
7D
-5.3%
1Y
-35.1%
DELL
US$164.13
Dell Technologies
7D
-7.2%
1Y
78.5%
STX
US$391.76
Seagate Technology Holdings
7D
-7.8%
1Y
363.4%
GPGI
US$17.10
GPGI
7D
-7.2%
1Y
56.5%

GPGI: Major Issuer Partnerships Will Shape Future Margin Quality And Upside

Analysts kept their GPGI fair value target steady at $22.00. They cited updated assumptions that reflect higher expected revenue growth, a lower profit margin profile, a higher future P/E, and a slightly higher discount rate informed in part by recent research around card-issuing partnerships such as the Chase and Apple Card shift.
FOXX
US$4.76
Foxx Development Holdings
7D
13.1%
1Y
3.3%
PMTS
US$14.51
CPI Card Group
7D
2.7%
1Y
-50.2%

PMTS: Leadership Transition And 2026 Outlook Will Support Future Upside Potential

Analysts have kept their price target for CPI Card Group steady at $28.25, citing only modest adjustments to revenue growth assumptions, a lower projected profit margin, and a higher expected future P/E multiple as reasons to maintain their view rather than change it. What's in the News CPI Card Group issued earnings guidance for full year 2026, indicating an expectation for revenue to show high single digit growth, giving investors a time frame for management’s current outlook on the top line (Key Developments).
BGIN
US$2.97
Bgin Blockchain
7D
26.2%
1Y
n/a
KODK
US$9.05
Eastman Kodak
7D
8.1%
1Y
46.2%
IONQ
US$28.83
IonQ
7D
-11.8%
1Y
24.3%

IonQ: Exceptional Technology but Valuation Far Ahead of Financial Reality

Artificial intelligence has dominated technology markets in recent years and driven enormous investment into computing infrastructure. If AI represents the current frontier of computing, quantum computing could represent the next major paradigm shift.
SONM
US$4.03
DNA X
7D
39.0%
1Y
-92.4%