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U.S. Tech Hardware Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies52
  • 7D1.8%
  • 3M29.4%
  • 1Y71.9%
  • YTD26.7%

The Tech Hardware industry is up 1.8% in the last week, with Dell Technologies up 38%. This takes the industry's 12 month performance to a gain of 72%. 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
Thu, 04 Jun 2026US$5.5tUS$587.7bUS$138.0b50.7x39.9x9.4x
Sat, 02 May 2026US$4.7tUS$577.5bUS$133.2b29.3x35.4x8.2x
Mon, 30 Mar 2026US$4.0tUS$556.2bUS$122.6b23.7x32.9x7.2x
Wed, 25 Feb 2026US$4.3tUS$552.9bUS$121.7b26.6x35.4x7.8x
Fri, 23 Jan 2026US$3.9tUS$514.0bUS$111.8b32x35.1x7.6x
Sun, 21 Dec 2025US$4.3tUS$514.1bUS$111.9b23.8x38.1x8.3x
Tue, 18 Nov 2025US$4.2tUS$512.6bUS$113.0b25.2x37.6x8.3x
Thu, 16 Oct 2025US$3.9tUS$504.4bUS$100.3b29.1x38.8x7.7x
Sat, 13 Sep 2025US$3.6tUS$504.4bUS$100.3b25.5x35.9x7.1x
Mon, 11 Aug 2025US$3.6tUS$502.7bUS$100.7b18.9x35.3x7.1x
Wed, 09 Jul 2025US$3.3tUS$499.8bUS$98.6b19.9x33.3x6.6x
Fri, 06 Jun 2025US$3.2tUS$500.2bUS$98.5b17.9x32.1x6.3x
Sun, 04 May 2025US$3.2tUS$498.6bUS$102.2b13.4x31.1x6.4x
Tue, 01 Apr 2025US$3.4tUS$494.1bUS$101.2b14.1x33.4x6.8x
Thu, 27 Feb 2025US$3.8tUS$492.6bUS$100.7b21.4x38.2x7.8x
Sat, 25 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x36.1x7.4x
Mon, 23 Dec 2024US$4.0tUS$473.9bUS$97.2b25.8x40.9x8.4x
Wed, 20 Nov 2024US$3.6tUS$472.5bUS$96.4b23.1x36.9x7.5x
Fri, 18 Oct 2024US$3.7tUS$466.0bUS$106.7b20x34.3x7.8x
Sun, 15 Sep 2024US$3.5tUS$466.0bUS$106.7b22.2x32.8x7.5x
Tue, 13 Aug 2024US$3.4tUS$465.1bUS$106.7b23.5x31.9x7.3x
Thu, 11 Jul 2024US$3.7tUS$457.1bUS$103.3b28.1x35.5x8x
Sat, 08 Jun 2024US$3.1tUS$457.1bUS$103.2b25.8x30.4x6.9x
Mon, 06 May 2024US$3.0tUS$456.7bUS$103.3b25.5x28.6x6.5x
Wed, 03 Apr 2024US$2.8tUS$457.8bUS$102.9b24.4x27.1x6.1x
Fri, 01 Mar 2024US$2.9tUS$458.7bUS$102.4b27.7x28.5x6.4x
Sun, 28 Jan 2024US$3.1tUS$454.4bUS$98.6b30.7x31.3x6.8x
Tue, 26 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.6x6.8x
Thu, 23 Nov 2023US$3.1tUS$456.1bUS$98.1b22.1x31.3x6.7x
Sat, 21 Oct 2023US$2.8tUS$453.8bUS$95.1b20.5x29.3x6.1x
Mon, 18 Sep 2023US$2.8tUS$453.9bUS$95.1b20.6x29.7x6.2x
Wed, 16 Aug 2023US$2.9tUS$454.0bUS$95.2b25.5x30.1x6.3x
Fri, 14 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Sun, 11 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.7x6.4x
Price to Earnings Ratio

30.7x


Total Market Cap: US$2.9tTotal 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 33.5x202420252026
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 39.9x which is higher than its 3-year average PE of 33.5x.
  • The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 9.4x.
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 Market0.35%
Tech5.43%
Tech Hardware1.83%
Tech Hardware Storage and Peripherals1.83%
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
DELL Dell TechnologiesUS$421.0837.9%
+US$75.2b		273.6%PE32.5x
SNDK SandiskUS$1.83k15.2%
+US$35.8b		4,499.4%PE60.2x
HPE Hewlett Packard EnterpriseUS$55.1548.3%
+US$23.7b		209.1%PE50.7x
WDC Western DigitalUS$594.1112.0%
+US$21.9b		991.5%PE32.2x
STX Seagate Technology HoldingsUS$940.698.0%
+US$17.6b		637.0%PE89.5x

Latest News

P
US$80.84
Everpure
7D
-5.7%
1Y
47.7%
DELL
US$421.08
Dell Technologies
7D
37.9%
1Y
273.6%
PMTS
US$16.21
CPI Card Group
7D
-8.8%
1Y
-24.4%
WDC
US$594.11
Western Digital
7D
12.0%
1Y
991.5%
AAPL
US$310.26
Apple
7D
-0.2%
1Y
53.0%
SNDK
US$1,831.50
Sandisk
7D
15.2%
1Y
4,499.4%
SMCI
US$47.42
Super Micro Computer
7D
24.2%
1Y
7.5%
GPGI
US$11.60
GPGI
7D
-5.5%
1Y
-15.3%
Narrative Update • Jun 03

GPGI: Future Upside Will Depend On Husky Execution Versus Short Seller Allegations

Narrative Update on GPGI Analysts have trimmed their GPGI price target from $22 to $15, pointing to a more cautious stance on smaller cap industrials. They are stressing selectivity around resilient end markets and clearer growth drivers.
STX
US$940.69
Seagate Technology Holdings
7D
8.0%
1Y
637.0%
IONQ
US$68.23
IonQ
7D
4.3%
1Y
72.1%
HPE
US$55.15
Hewlett Packard Enterprise
7D
48.3%
1Y
209.1%
VTIX
US$3.58
Virtuix Holdings
7D
-18.5%
1Y
n/a
NTAP
US$181.08
NetApp
7D
27.2%
1Y
73.1%
New Narrative • Jun 01

AI And Cloud Catalysts Will Drive Stronger Profitability For This Data Storage Leader

Catalysts About NetApp NetApp provides data storage and data management solutions for enterprise and cloud environments. What are the underlying business or industry changes driving this perspective?
QUBT
US$11.20
Quantum Computing
7D
-1.9%
1Y
-12.7%
KODK
US$9.82
Eastman Kodak
7D
-3.8%
1Y
68.2%
BGIN
US$2.71
Bgin Blockchain
7D
-12.6%
1Y
n/a