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U.S. Tech Hardware Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies50
  • 7D1.0%
  • 3M-2.9%
  • 1Y21.0%
  • YTD-2.9%

The Tech Hardware industry has been flat over the last week, but Dell Technologies has lost 8.0%. As for the the longer term, the industry is up 21% over the past 12 months. Earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026US$4.1tUS$556.2bUS$122.6b25.6x33.5x7.4x
Sun, 01 Mar 2026US$4.3tUS$553.2bUS$122.7b26.9x34.9x7.7x
Tue, 27 Jan 2026US$3.9tUS$514.0bUS$111.8b31.7x35.1x7.6x
Thu, 25 Dec 2025US$4.3tUS$514.1bUS$111.9b23.3x38.2x8.3x
Sat, 22 Nov 2025US$4.1tUS$512.7bUS$113.1b24x36.5x8.1x
Mon, 20 Oct 2025US$4.0tUS$504.4bUS$100.3b27.1x39.5x7.8x
Wed, 17 Sep 2025US$3.7tUS$504.4bUS$100.3b25.4x36.9x7.3x
Fri, 15 Aug 2025US$3.6tUS$502.7bUS$100.7b20.4x35.9x7.2x
Sun, 13 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.5x6.6x
Tue, 10 Jun 2025US$3.2tUS$500.2bUS$98.5b17.7x32.2x6.4x
Thu, 08 May 2025US$3.1tUS$499.4bUS$101.9b13.1x30.1x6.2x
Sat, 05 Apr 2025US$3.1tUS$494.0bUS$101.2b12.3x31.1x6.4x
Mon, 03 Mar 2025US$3.8tUS$492.7bUS$100.5b17.8x37.4x7.6x
Wed, 29 Jan 2025US$3.6tUS$473.7bUS$97.2b22.4x36.9x7.6x
Fri, 27 Dec 2024US$4.0tUS$473.9bUS$97.2b25.7x41.5x8.5x
Sun, 24 Nov 2024US$3.6tUS$472.7bUS$96.5b21.8x37.3x7.6x
Tue, 22 Oct 2024US$3.7tUS$466.0bUS$106.8b19.9x34.7x7.9x
Thu, 19 Sep 2024US$3.4tUS$466.0bUS$106.7b18.6x32x7.3x
Sat, 17 Aug 2024US$3.6tUS$465.1bUS$106.8b24.1x33.3x7.6x
Mon, 15 Jul 2024US$3.7tUS$457.1bUS$103.3b27.2x35.8x8.1x
Wed, 12 Jun 2024US$3.1tUS$457.1bUS$103.2b26.2x30.2x6.8x
Fri, 10 May 2024US$2.9tUS$456.8bUS$103.2b28.2x28.5x6.4x
Sun, 07 Apr 2024US$2.8tUS$457.8bUS$102.9b24.5x27x6.1x
Tue, 05 Mar 2024US$2.9tUS$457.8bUS$102.6b26.8x27.9x6.2x
Thu, 01 Feb 2024US$3.0tUS$456.3bUS$98.7b29.4x30.6x6.6x
Sat, 30 Dec 2023US$3.1tUS$455.3bUS$98.5b26.2x31.6x6.8x
Mon, 27 Nov 2023US$3.0tUS$456.1bUS$98.1b21.8x31x6.7x
Wed, 25 Oct 2023US$2.8tUS$453.8bUS$95.1b21.1x29.3x6.1x
Fri, 22 Sep 2023US$2.8tUS$453.9bUS$95.1b20.2x29.5x6.2x
Sun, 20 Aug 2023US$2.8tUS$454.0bUS$95.2b25.1x29.6x6.2x
Tue, 18 Jul 2023US$3.1tUS$456.4bUS$95.7b32.3x32.3x6.8x
Thu, 15 Jun 2023US$3.0tUS$456.4bUS$95.7b30.7x31.2x6.5x
Sat, 13 May 2023US$2.8tUS$456.5bUS$95.7b24.9x29.1x6.1x
Mon, 10 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-0.32%
Tech-1.22%
Tech Hardware0.99%
Tech Hardware Storage and Peripherals0.99%
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$255.631.2%
+US$44.2b		14.2%PE31.9x
STX Seagate Technology HoldingsUS$423.122.4%
+US$2.2b		394.8%PE48.1x
SNDK SandiskUS$692.732.2%
+US$2.2b		1,353.2%PS11.5x
WDC Western DigitalUS$297.730.5%
+US$539.1m		612.6%PE25.6x
BGIN Bgin BlockchainUS$3.2543.8%
+US$112.0m		n/aPS1.8x

Latest News

DELL
US$174.37
Dell Technologies
7D
-0.8%
1Y
125.8%

Dell: Long Growth Runway Plus Lean Valuation Equals Buy

Apr 02
WDC
US$294.97
Western Digital
7D
7.9%
1Y
763.7%

There's A Storage Problem With AI Inference - And Western Digital Knows It

Apr 02
CAN
US$0.41
Canaan
7D
-9.7%
1Y
-54.3%

CAN: Bitcoin Mining Expansion And Heat Recovery Project Will Support Future Upside Potential

Analysts have nudged their price target for Canaan slightly lower to $2.99, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Canaan reported unaudited production results for February 2026, with 86 Bitcoins mined for the month.
HPQ
US$19.51
HP
7D
1.0%
1Y
-18.0%
AAPL
US$255.92
Apple
7D
1.2%
1Y
26.0%

AAPL: Gemini AI Deal And Services Strength Will Balance Margin Pressures

Apple's analyst fair value estimate edges up from $216.94 to $231.03 as analysts weigh higher expected memory and input costs against resilient Services trends, early readthroughs from new lower priced hardware like MacBook Neo and iPhone 17e, and a slightly higher assumed forward P/E of about 30x. Analyst Commentary Recent Street research on Apple reflects a mix of optimism around new products and AI, balanced against practical concerns about costs, regional demand trends, and valuation.
SNDK
US$701.59
Sandisk
7D
16.3%
1Y
1,733.7%
PSTG
US$62.48
Everpure
7D
0.7%
1Y
52.9%

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

Narrative Update Everpure's analyst fair value estimate has been revised from $120.00 to $105.00. Analysts are balancing stronger bookings trends and guidance with tighter assumptions on revenue growth, margins, and future P/E multiples observed in recent Pure Storage research.
XRX
US$1.26
Xerox Holdings
7D
-12.5%
1Y
-69.9%
QUBT
US$6.87
Quantum Computing
7D
-3.5%
1Y
-9.2%
HPE
US$24.61
Hewlett Packard Enterprise
7D
-1.8%
1Y
79.9%
OSS
US$7.64
One Stop Systems
7D
-10.5%
1Y
255.3%

OSS: Bressner Sale And New Defense Awards Will Reshape Future M&A Use

Analysts have lifted their price targets on One Stop Systems by up to $4, citing the $22.4m sale of Bressner Technology, expectations reflected in higher projected revenue growth, and an updated fair value estimate of $12.67. Analyst Commentary Recent price target changes on One Stop Systems center on the $22.4m sale of Bressner Technology and how that transaction might affect future execution and valuation.
SMCI
US$23.22
Super Micro Computer
7D
4.5%
1Y
-28.2%
NTAP
US$103.35
NetApp
7D
-1.1%
1Y
26.6%
STX
US$429.36
Seagate Technology Holdings
7D
13.4%
1Y
500.3%
KODK
US$11.25
Eastman Kodak
7D
26.7%
1Y
99.8%
IONQ
US$29.30
IonQ
7D
-1.8%
1Y
26.0%

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.