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U.S. Tech Hardware Industry Analysis

UpdatedJul 20, 2025
DataAggregated Company Financials
Companies45
  • 7D0.2%
  • 3M10.9%
  • 1Y-5.8%
  • YTD-12.5%

In the last week, the Tech Hardware industry is flat overall, with Quantum Computing standing out by going down 5.8%. As for the longer term, the industry has declined 5.8% in the last year. Earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Jul 2025US$3.3tUS$500.2bUS$98.6b19.8x33.6x6.6x
Thu, 19 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31x6.1x
Sat, 17 May 2025US$3.3tUS$499.6bUS$100.0b16.4x32.8x6.6x
Mon, 14 Apr 2025US$3.1tUS$494.0bUS$101.2b13.6x30.3x6.2x
Wed, 12 Mar 2025US$3.5tUS$494.0bUS$101.2b16.3x34.8x7.1x
Fri, 07 Feb 2025US$3.6tUS$479.7bUS$100.5b21.8x36.1x7.6x
Sun, 05 Jan 2025US$3.8tUS$473.9bUS$97.2b23.5x39.2x8x
Tue, 03 Dec 2024US$3.7tUS$472.7bUS$96.5b21.8x38.5x7.9x
Thu, 31 Oct 2024US$3.6tUS$467.2bUS$106.7b16x34x7.8x
Sat, 28 Sep 2024US$3.6tUS$466.0bUS$106.7b18x33.6x7.7x
Mon, 26 Aug 2024US$3.6tUS$465.2bUS$106.5b24.9x33.7x7.7x
Wed, 24 Jul 2024US$3.6tUS$457.1bUS$103.2b27x34.7x7.8x
Fri, 21 Jun 2024US$3.5tUS$457.1bUS$103.2b26.6x33.4x7.6x
Sun, 19 May 2024US$3.1tUS$456.7bUS$103.3b28x29.8x6.7x
Tue, 16 Apr 2024US$2.9tUS$457.8bUS$102.9b24.5x27.9x6.3x
Thu, 14 Mar 2024US$2.8tUS$457.8bUS$102.7b26.2x27.3x6.1x
Sat, 10 Feb 2024US$3.0tUS$458.7bUS$102.6b28.9x29.6x6.6x
Mon, 08 Jan 2024US$2.9tUS$454.7bUS$98.6b26.6x29.6x6.4x
Wed, 06 Dec 2023US$3.0tUS$455.3bUS$98.5b27x30.9x6.7x
Fri, 03 Nov 2023US$2.8tUS$453.0bUS$94.8b19.9x29.6x6.2x
Sun, 01 Oct 2023US$2.8tUS$453.8bUS$95.1b22.7x29.1x6.1x
Tue, 29 Aug 2023US$2.9tUS$453.8bUS$95.2b25.2x30.3x6.3x
Thu, 27 Jul 2023US$3.1tUS$456.4bUS$95.7b32.4x32.8x6.9x
Sat, 24 Jun 2023US$3.0tUS$456.4bUS$95.7b31.1x31.6x6.6x
Mon, 22 May 2023US$2.8tUS$456.4bUS$95.7b25.5x29.6x6.2x
Wed, 19 Apr 2023US$2.7tUS$460.5bUS$97.1b25.8x27.9x5.9x
Fri, 17 Mar 2023US$2.5tUS$460.5bUS$96.9b25.9x26.1x5.5x
Sun, 12 Feb 2023US$2.5tUS$460.1bUS$97.3b25.1x25.3x5.4x
Tue, 10 Jan 2023US$2.1tUS$467.8bUS$102.0b22.9x21x4.6x
Thu, 08 Dec 2022US$2.3tUS$467.8bUS$102.0b22.5x22.7x4.9x
Sat, 05 Nov 2022US$2.3tUS$467.0bUS$104.4b18.6x21.7x4.9x
Mon, 03 Oct 2022US$2.3tUS$460.9bUS$105.2b15.8x21.7x5x
Wed, 31 Aug 2022US$2.6tUS$461.2bUS$105.4b15.6x24.9x5.7x
Fri, 29 Jul 2022US$2.6tUS$459.5bUS$108.0b15.6x24.2x5.7x
Price to Earnings Ratio

24.2x


Total Market Cap: US$2.6tTotal Earnings: US$108.0bTotal Revenue: US$459.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 30.1x202320242025
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 33.6x which is higher than its 3-year average PE of 30.1x.
  • 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 2.9% 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 Market0.93%
Tech2.46%
Tech Hardware0.16%
Tech Hardware Storage and Peripherals0.16%
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$212.481.9%
+US$57.7b		-5.1%PE32.6x
DELL Dell TechnologiesUS$128.962.6%
+US$1.9b		0.2%PE19.1x
SMCI Super Micro ComputerUS$51.503.6%
+US$1.1b		-34.5%PE26.7x
IONQ IonQUS$44.434.8%
+US$886.0m		449.9%PS292.2x
PSTG Pure StorageUS$57.014.7%
+US$830.2m		-6.7%PE145.8x

Latest News

WDC
US$68.74
Western Digital
7D
2.7%
1Y
-5.9%
SMCI
US$51.50
Super Micro Computer
7D
3.6%
1Y
-34.5%
IONQ
US$44.43
IonQ
7D
4.8%
1Y
449.9%
DBD
US$59.04
Diebold Nixdorf
7D
-1.5%
1Y
36.8%

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SNDK
US$41.61
Sandisk
7D
-2.0%
1Y
n/a
STX
US$149.63
Seagate Technology Holdings
7D
0.4%
1Y
40.9%
IMMR
US$7.15
Immersion
7D
-8.0%
1Y
-44.2%
KODK
US$6.65
Eastman Kodak
7D
-10.9%
1Y
15.1%

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DELL
US$128.96
Dell Technologies
7D
2.6%
1Y
0.2%
NTAP
US$107.46
NetApp
7D
2.7%
1Y
-16.3%

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AAPL
US$212.48
Apple
7D
1.9%
1Y
-5.1%
HPE
US$20.66
Hewlett Packard Enterprise
7D
-0.05%
1Y
0.3%
PSTG
US$57.01
Pure Storage
7D
4.7%
1Y
-6.7%
QUBT
US$17.85
Quantum Computing
7D
-5.8%
1Y
2,604.5%
CRSR
US$9.22
Corsair Gaming
7D
-4.3%
1Y
8.9%
CAN
US$0.81
Canaan
7D
-16.3%
1Y
-30.0%