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U.S. Tech Hardware Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies43
  • 7D-0.2%
  • 3M17.3%
  • 1Y12.9%
  • YTD15.5%

Last week, the Tech Hardware industry hasn't moved much but Western Digital is up 4.4% in that time. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 8.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025US$4.3tUS$514.1bUS$111.9b24.3x38.7x8.4x
Tue, 11 Nov 2025US$4.2tUS$512.7bUS$113.1b27.7x37.2x8.2x
Thu, 09 Oct 2025US$4.0tUS$504.4bUS$100.3b30.3x40.1x8x
Sat, 06 Sep 2025US$3.7tUS$504.4bUS$100.3b22.9x37.2x7.4x
Mon, 04 Aug 2025US$3.2tUS$502.4bUS$101.0b18.4x31.2x6.3x
Wed, 02 Jul 2025US$3.1tUS$500.2bUS$98.5b19.6x31.9x6.3x
Fri, 30 May 2025US$3.1tUS$499.8bUS$99.9b17.3x31.2x6.2x
Sun, 27 Apr 2025US$3.3tUS$494.1bUS$101.2b13x32.1x6.6x
Tue, 25 Mar 2025US$3.4tUS$494.0bUS$101.2b17x33.5x6.9x
Thu, 20 Feb 2025US$3.8tUS$486.7bUS$100.5b23.5x38x7.9x
Sat, 18 Jan 2025US$3.6tUS$473.9bUS$97.2b23.8x36.7x7.5x
Mon, 16 Dec 2024US$3.9tUS$473.9bUS$97.2b27.9x40x8.2x
Wed, 13 Nov 2024US$3.5tUS$472.6bUS$96.4b22.8x36.4x7.4x
Fri, 11 Oct 2024US$3.6tUS$466.0bUS$106.7b19.9x33.9x7.8x
Sun, 08 Sep 2024US$3.5tUS$466.1bUS$106.6b20.1x32.5x7.4x
Tue, 06 Aug 2024US$3.5tUS$461.9bUS$105.9b24.1x32.8x7.5x
Thu, 04 Jul 2024US$3.6tUS$457.1bUS$103.3b27.2x34.4x7.8x
Sat, 01 Jun 2024US$3.1tUS$456.8bUS$103.3b28.6x30x6.8x
Mon, 29 Apr 2024US$2.8tUS$458.2bUS$103.4b24.1x26.7x6x
Wed, 27 Mar 2024US$2.8tUS$457.8bUS$102.9b26x27.2x6.1x
Fri, 23 Feb 2024US$2.9tUS$458.7bUS$102.6b28.2x28.6x6.4x
Sun, 21 Jan 2024US$3.1tUS$454.7bUS$98.6b28.3x31.1x6.7x
Tue, 19 Dec 2023US$3.2tUS$455.3bUS$98.5b29.4x32.2x7x
Thu, 16 Nov 2023US$3.0tUS$456.1bUS$98.2b19.6x30.6x6.6x
Sat, 14 Oct 2023US$2.9tUS$453.8bUS$95.1b23.6x30.4x6.4x
Mon, 11 Sep 2023US$2.9tUS$453.9bUS$95.1b23.2x30.3x6.3x
Wed, 09 Aug 2023US$2.9tUS$453.5bUS$95.2b32.1x30.6x6.4x
Fri, 07 Jul 2023US$3.1tUS$456.4bUS$95.7b32x32.4x6.8x
Sun, 04 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.6x6.4x
Tue, 02 May 2023US$2.8tUS$460.6bUS$97.1b21.9x28.3x6x
Thu, 30 Mar 2023US$2.6tUS$460.6bUS$97.0b24.2x27x5.7x
Sat, 25 Feb 2023US$2.4tUS$460.0bUS$97.2b24.4x24.6x5.2x
Mon, 23 Jan 2023US$2.3tUS$467.8bUS$102.0b22.7x22.1x4.8x
Wed, 21 Dec 2022US$2.2tUS$467.8bUS$102.0b22.1x21.3x4.6x
Price to Earnings Ratio

21.3x


Total Market Cap: US$2.2tTotal Earnings: US$102.0bTotal Revenue: US$467.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 31.9x202320242025
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 38.8x which is higher than its 3-year average PE of 31.9x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 3.1% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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-0.59%
Tech-2.39%
Tech Hardware-0.22%
Tech Hardware Storage and Peripherals-0.22%
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
WDC Western DigitalUS$176.344.4%
+US$2.5b		170.8%PE23.2x
STX Seagate Technology HoldingsUS$287.643.2%
+US$1.9b		200.4%PE36.6x
HPE Hewlett Packard EnterpriseUS$23.872.3%
+US$712.5m		9.3%PS0.9x
PSTG Pure StorageUS$71.321.3%
+US$402.0m		12.0%PE180.6x
DBD Diebold NixdorfUS$67.683.6%
+US$84.3m		39.8%PE48x

Latest News

SNDK
US$206.18
Sandisk
7D
-9.8%
1Y
n/a
DELL
US$129.98
Dell Technologies
7D
-6.4%
1Y
9.7%
WDC
US$176.34
Western Digital
7D
4.4%
1Y
170.8%
HPE
US$23.87
Hewlett Packard Enterprise
7D
2.3%
1Y
9.3%
DBD
US$67.68
Diebold Nixdorf
7D
3.6%
1Y
39.8%
HPQ
US$24.74
HP
7D
-4.5%
1Y
-28.4%

HPQ: Memory Supercycle And Print Weakness Will Shape Balanced Future Returns

Analysts have trimmed their average price target on HP Inc. by about $2 to the mid $20s, as rising memory costs, a weaker printing outlook, and the resulting $1B cost restructuring plan temper the benefit of slightly better expected revenue growth and broadly stable margins.
STX
US$287.64
Seagate Technology Holdings
7D
3.2%
1Y
200.4%

STX: AI Storage Demand And Tight Supply Will Support Durable Upside

Analysts increased their price target for Seagate Technology Holdings by roughly $2 per share. This reflects growing confidence in structurally tight HDD supply, sustained nearline demand from AI infrastructure buildouts, and management's disciplined capacity additions that support higher long term pricing and margins.
NTAP
US$115.66
NetApp
7D
-1.4%
1Y
-5.2%
PSTG
US$71.32
Pure Storage
7D
1.3%
1Y
12.0%
PMTS
US$17.67
CPI Card Group
7D
11.7%
1Y
-48.5%

PMTS: Share Weakness Will Likely Present Opportunity As Margins Gradually Improve

Analysts have reduced their price target for CPI Card Group by $10 to $30 per share, citing softer than expected Q3 results marked by a modest 1.4% organic revenue decline and margin pressure from an unfavorable Debit and Credit mix. They still view recent share weakness as a buying opportunity.
SMCI
US$32.33
Super Micro Computer
7D
-6.8%
1Y
-11.3%

SMCI: AI Order Momentum Will Drive Long Term Revenue Upside

Analysts nudged their average price target on Super Micro Computer modestly higher, to about $34 from roughly $30, citing a strong rebound in orders, including a multibillion-dollar GB300 platform win, and confidence that near-term revenue timing issues will be offset by longer-term AI server demand despite ongoing profitability risks. Analyst Commentary Street research following the latest earnings update reflects a mixed but generally more constructive stance on Super Micro, with modest target changes and reiterated ratings highlighting both upside from AI server momentum and persistent execution risks.
AAPL
US$278.28
Apple
7D
-0.2%
1Y
12.2%
IONQ
US$50.35
IonQ
7D
-4.4%
1Y
48.8%
OSS
US$7.57
One Stop Systems
7D
8.5%
1Y
181.4%

Why Investors Shouldn't Be Surprised By One Stop Systems, Inc.'s (NASDAQ:OSS) 31% Share Price Surge

Dec 04
Why Investors Shouldn't Be Surprised By One Stop Systems, Inc.'s (NASDAQ:OSS) 31% Share Price Surge
QUBT
US$12.05
Quantum Computing
7D
-6.2%
1Y
79.7%
BGIN
US$3.13
Bgin Blockchain
7D
3.0%
1Y
n/a

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Nov 18