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U.S. Tech Hardware Industry Analysis

UpdatedJul 09, 2025
DataAggregated Company Financials
Companies45
  • 7D1.1%
  • 3M6.8%
  • 1Y-8.5%
  • YTD-13.1%

Over the last 7 days, the Tech Hardware industry has risen 2.2%, driven by gains from Apple of 1.1%. In the past year, the industry is down 8.2%. Earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 09 May 2023US$2.8tUS$458.1bUS$96.3b21.5x29.1x6.1x
Thu, 06 Apr 2023US$2.7tUS$460.6bUS$97.1b24.1x27.4x5.8x
Sat, 04 Mar 2023US$2.5tUS$460.8bUS$97.2b25.1x25.3x5.3x
Mon, 30 Jan 2023US$2.4tUS$468.0bUS$102.8b23.5x23.2x5.1x
Wed, 28 Dec 2022US$2.1tUS$467.8bUS$102.0b22.1x20.9x4.6x
Fri, 25 Nov 2022US$2.5tUS$467.0bUS$104.4b18x23.7x5.3x
Sun, 23 Oct 2022US$2.4tUS$460.8bUS$105.2b14.1x23.1x5.3x
Tue, 20 Sep 2022US$2.6tUS$461.4bUS$105.4b15.5x24.2x5.5x
Thu, 18 Aug 2022US$2.9tUS$461.1bUS$105.3b15.9x27.4x6.3x
Sat, 16 Jul 2022US$2.5tUS$459.6bUS$108.1b14.9x22.9x5.4x
Price to Earnings Ratio

22.9x


Total Market Cap: US$2.5tTotal Earnings: US$108.1bTotal Revenue: US$459.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 30x202320242025
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 33.8x which is higher than its 3-year average PE of 30.0x.
  • The industry is trading close to its 3-year average PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have declined 3.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.39%
Tech1.74%
Tech Hardware1.13%
Tech Hardware Storage and Peripherals1.13%
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$210.011.1%
+US$32.7b		-8.2%PE32.2x
DELL Dell TechnologiesUS$124.392.2%
+US$1.8b		-14.6%PE18.5x
IONQ IonQUS$44.9712.1%
+US$1.3b		467.1%PS273.3x
SMCI Super Micro ComputerUS$49.114.0%
+US$1.1b		-45.2%PE25.5x
PSTG Pure StorageUS$57.083.4%
+US$607.9m		-13.4%PE146x

Latest News

HPE
US$20.82
Hewlett Packard Enterprise
7D
1.7%
1Y
-2.0%
PSTG
US$57.08
Pure Storage
7D
3.4%
1Y
-13.4%
IONQ
US$44.97
IonQ
7D
12.1%
1Y
467.1%
XRX
US$5.45
Xerox Holdings
7D
-3.4%
1Y
-49.3%

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Jul 05
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HPQ
US$25.80
HP
7D
1.2%
1Y
-27.2%
STX
US$144.47
Seagate Technology Holdings
7D
-0.4%
1Y
38.4%
TBCH
US$13.95
Turtle Beach
7D
-3.8%
1Y
-1.7%

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Jul 02
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AAPL
US$210.01
Apple
7D
1.1%
1Y
-8.2%
DELL
US$124.39
Dell Technologies
7D
2.2%
1Y
-14.6%
SMCI
US$49.11
Super Micro Computer
7D
4.0%
1Y
-45.2%
FOXX
US$4.85
Foxx Development Holdings
7D
-9.3%
1Y
-58.0%
SNDK
US$46.17
Sandisk
7D
2.7%
1Y
n/a

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Jun 29
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NTAP
US$106.66
NetApp
7D
-0.03%
1Y
-19.3%
CMPO
US$14.02
CompoSecure
7D
-3.0%
1Y
99.1%

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Jun 25
IMMR
US$7.87
Immersion
7D
-0.5%
1Y
-21.0%

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Jun 08
PMTS
US$23.12
CPI Card Group
7D
-3.5%
1Y
-15.8%

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May 23