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U.S. Tech Hardware Industry Analysis

UpdatedAug 05, 2025
DataAggregated Company Financials
Companies46
  • 7D-4.8%
  • 3M3.7%
  • 1Y-2.1%
  • YTD-15.6%

Over the last 7 days, the Tech Hardware industry has dropped 4.8%, driven by Apple declining 5.0%. On the other hand Western Digital is actually up 12%. Over the last year, the industry has been flat overall. 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, 05 Aug 2025US$3.2tUS$502.4bUS$101.0b18.8x31.2x6.3x
Thu, 03 Jul 2025US$3.2tUS$499.9bUS$98.6b20.3x32.9x6.5x
Sat, 31 May 2025US$3.1tUS$499.8bUS$100.0b16.9x31.1x6.2x
Mon, 28 Apr 2025US$3.3tUS$494.1bUS$101.2b13x32.1x6.6x
Wed, 26 Mar 2025US$3.4tUS$494.0bUS$101.2b16.7x33.9x6.9x
Fri, 21 Feb 2025US$3.8tUS$486.7bUS$100.5b23.6x38.2x7.9x
Sun, 19 Jan 2025US$3.6tUS$473.9bUS$97.2b23.8x37x7.6x
Tue, 17 Dec 2024US$3.9tUS$473.9bUS$97.2b27.6x40x8.2x
Thu, 14 Nov 2024US$3.5tUS$472.6bUS$96.4b22.6x36.3x7.4x
Sat, 12 Oct 2024US$3.6tUS$466.0bUS$106.7b20.1x33.6x7.7x
Mon, 09 Sep 2024US$3.5tUS$466.1bUS$106.6b20.1x32.5x7.4x
Wed, 07 Aug 2024US$3.3tUS$461.9bUS$105.9b24.4x31.2x7.2x
Fri, 05 Jul 2024US$3.6tUS$457.1bUS$103.3b27.2x34.4x7.8x
Sun, 02 Jun 2024US$3.1tUS$456.8bUS$103.3b28.6x30x6.8x
Tue, 30 Apr 2024US$2.8tUS$458.2bUS$103.4b24.5x26.7x6x
Thu, 28 Mar 2024US$2.8tUS$457.8bUS$102.9b26.5x27.5x6.2x
Sat, 24 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.7x6.4x
Mon, 22 Jan 2024US$3.1tUS$454.7bUS$98.6b28.3x31.1x6.7x
Wed, 20 Dec 2023US$3.2tUS$455.3bUS$98.5b28.8x32.1x7x
Fri, 17 Nov 2023US$3.0tUS$456.1bUS$98.1b22.1x31x6.7x
Sun, 15 Oct 2023US$2.9tUS$453.8bUS$95.1b23.6x30.4x6.4x
Tue, 12 Sep 2023US$2.9tUS$453.9bUS$95.1b22.9x30.5x6.4x
Thu, 10 Aug 2023US$2.9tUS$454.0bUS$95.2b31.7x30.2x6.3x
Sat, 08 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Mon, 05 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.6x6.4x
Wed, 03 May 2023US$2.7tUS$460.6bUS$97.1b21.6x28.1x5.9x
Fri, 31 Mar 2023US$2.6tUS$460.6bUS$97.0b25.2x27.2x5.7x
Sun, 26 Feb 2023US$2.4tUS$460.0bUS$97.2b24.4x24.6x5.2x
Tue, 24 Jan 2023US$2.3tUS$467.8bUS$102.0b23.1x22.6x4.9x
Thu, 22 Dec 2022US$2.2tUS$467.8bUS$102.0b22.4x21.8x4.8x
Sat, 19 Nov 2022US$2.5tUS$467.0bUS$104.4b17.4x23.8x5.3x
Mon, 17 Oct 2022US$2.3tUS$460.8bUS$105.2b14.3x21.7x5x
Wed, 14 Sep 2022US$2.7tUS$461.5bUS$105.4b16.8x25.6x5.9x
Fri, 12 Aug 2022US$2.8tUS$461.1bUS$105.3b13.5x26.5x6x
Price to Earnings Ratio

26.5x


Total Market Cap: US$2.8tTotal Earnings: US$105.3bTotal Revenue: US$461.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 30.2x202320242025
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 30.2x.
  • 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 remained mostly flat 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 and as a result, profits have held steady.

Industry Trends

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

US Market-1.20%
Tech-0.41%
Tech Hardware-4.83%
Tech Hardware Storage and Peripherals-4.83%
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
WDC Western DigitalUS$77.2912.0%
+US$2.9b		35.6%PE16.9x
STX Seagate Technology HoldingsUS$154.812.9%
+US$994.3m		67.3%PE22.4x
SNDK SandiskUS$42.511.5%
+US$90.1m		n/aPS0.9x

Latest News

AAPL
US$203.35
Apple
7D
-5.0%
1Y
-2.8%
STX
US$154.81
Seagate Technology Holdings
7D
2.9%
1Y
67.3%
DELL
US$130.23
Dell Technologies
7D
-2.7%
1Y
32.6%
NTAP
US$103.23
NetApp
7D
-3.4%
1Y
-10.7%
WDC
US$77.29
Western Digital
7D
12.0%
1Y
35.6%
IONQ
US$39.86
IonQ
7D
-5.9%
1Y
506.7%
SMCI
US$58.23
Super Micro Computer
7D
-3.0%
1Y
-4.4%
SNDK
US$42.51
Sandisk
7D
1.5%
1Y
n/a
HPQ
US$24.97
HP
7D
-3.4%
1Y
-23.8%

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HPE
US$20.02
Hewlett Packard Enterprise
7D
-4.1%
1Y
15.4%
PSTG
US$56.25
Pure Storage
7D
-5.3%
1Y
6.4%