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U.S. Tech Hardware Industry Analysis

UpdatedSep 05, 2025
DataAggregated Company Financials
Companies47
  • 7D3.0%
  • 3M17.9%
  • 1Y8.7%
  • YTD-0.9%

Over the last 7 days, the Tech Hardware industry has risen 3.0%, driven by gains from Apple of 3.1%. During this same period, the Dell Technologies underperformed, falling 5.5%. In the last 12 months, the industry was up 8.7%. Looking forward, 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
Fri, 05 Sep 2025US$3.7tUS$504.4bUS$100.3b23.1x36.9x7.3x
Sun, 03 Aug 2025US$3.2tUS$502.4bUS$101.0b18.4x31.2x6.3x
Tue, 01 Jul 2025US$3.1tUS$500.2bUS$98.5b19.6x31.9x6.3x
Thu, 29 May 2025US$3.1tUS$499.7bUS$99.9b17.2x31.2x6.2x
Sat, 26 Apr 2025US$3.2tUS$494.1bUS$101.2b13x32x6.5x
Mon, 24 Mar 2025US$3.4tUS$494.0bUS$101.2b16.5x33.5x6.9x
Wed, 19 Feb 2025US$3.8tUS$486.7bUS$100.5b23.5x38x7.9x
Fri, 17 Jan 2025US$3.7tUS$473.9bUS$97.2b23.9x38.2x7.8x
Sun, 15 Dec 2024US$3.9tUS$473.9bUS$97.2b27.9x40x8.2x
Tue, 12 Nov 2024US$3.6tUS$472.6bUS$96.4b23x36.8x7.5x
Thu, 10 Oct 2024US$3.6tUS$466.0bUS$106.7b19.7x33.4x7.6x
Sat, 07 Sep 2024US$3.5tUS$466.1bUS$106.6b20.1x32.5x7.4x
Mon, 05 Aug 2024US$3.5tUS$461.9bUS$105.9b24.8x32.8x7.5x
Wed, 03 Jul 2024US$3.5tUS$457.1bUS$103.3b27.1x33.7x7.6x
Fri, 31 May 2024US$3.1tUS$456.8bUS$103.3b28.4x29.8x6.8x
Sun, 28 Apr 2024US$2.8tUS$458.2bUS$103.4b24.1x26.7x6x
Tue, 26 Mar 2024US$2.8tUS$457.8bUS$102.9b26.1x27.3x6.1x
Thu, 22 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.6x6.4x
Sat, 20 Jan 2024US$3.1tUS$454.7bUS$98.6b28.3x31.1x6.7x
Mon, 18 Dec 2023US$3.2tUS$455.3bUS$98.5b27.4x32.2x7x
Wed, 15 Nov 2023US$3.0tUS$456.1bUS$98.2b19.5x30.2x6.5x
Fri, 13 Oct 2023US$2.9tUS$453.8bUS$95.1b24.2x30.5x6.4x
Sun, 10 Sep 2023US$2.9tUS$453.9bUS$95.1b23.2x30.3x6.3x
Tue, 08 Aug 2023US$2.9tUS$453.5bUS$95.2b32.4x30.4x6.4x
Thu, 06 Jul 2023US$3.1tUS$456.4bUS$95.7b31.9x32.4x6.8x
Sat, 03 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.6x6.4x
Mon, 01 May 2023US$2.8tUS$460.6bUS$97.2b21.7x28.3x6x
Wed, 29 Mar 2023US$2.6tUS$460.6bUS$97.0b23.4x26.4x5.6x
Fri, 24 Feb 2023US$2.4tUS$460.0bUS$97.2b24.8x25.1x5.3x
Sun, 22 Jan 2023US$2.3tUS$467.8bUS$102.0b22.7x22.1x4.8x
Tue, 20 Dec 2022US$2.2tUS$467.8bUS$102.0b22x21.3x4.6x
Thu, 17 Nov 2022US$2.4tUS$467.1bUS$104.5b16.6x23.4x5.2x
Sat, 15 Oct 2022US$2.3tUS$460.8bUS$105.2b14.3x21.7x5x
Mon, 12 Sep 2022US$2.6tUS$461.5bUS$105.4b16.6x24.7x5.6x
Price to Earnings Ratio

24.7x


Total Market Cap: US$2.6tTotal Earnings: US$105.4bTotal Revenue: US$461.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 30.5x202320242025
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 36.9x which is higher than its 3-year average PE of 30.5x.
  • The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 7.3x.
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 3.0% 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-0.008%
Tech-1.50%
Tech Hardware3.00%
Tech Hardware Storage and Peripherals3.00%
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$239.673.2%
+US$111.7b		8.5%PE35.8x
STX Seagate Technology HoldingsUS$188.1612.4%
+US$4.4b		92.0%PE27.2x
WDC Western DigitalUS$92.0414.6%
+US$4.1b		51.5%PE20x
SNDK SandiskUS$68.5930.7%
+US$2.4b		n/aPS1.4x
DELL Dell TechnologiesUS$124.832.2%
+US$1.8b		22.4%PE17.5x

Latest News

QUBT
US$15.11
Quantum Computing
7D
-4.2%
1Y
2,450.2%
SNDK
US$68.59
Sandisk
7D
30.7%
1Y
n/a

Sandisk Corporation (NASDAQ:SNDK) Stocks Shoot Up 49% But Its P/S Still Looks Reasonable

Sep 05
Sandisk Corporation (NASDAQ:SNDK) Stocks Shoot Up 49% But Its P/S Still Looks Reasonable
DELL
US$124.83
Dell Technologies
7D
2.2%
1Y
22.4%
STX
US$188.16
Seagate Technology Holdings
7D
12.4%
1Y
92.0%
HPE
US$23.52
Hewlett Packard Enterprise
7D
4.2%
1Y
34.2%
IONQ
US$41.80
IonQ
7D
-2.2%
1Y
514.7%
CMPO
US$18.56
CompoSecure
7D
-6.0%
1Y
60.1%

Premium Cards And Digital Security Will Expand Global Markets

With both the discount rate (8.15%) and consensus revenue growth (33.9% per annum) unchanged, analysts maintained their price target for CompoSecure at $19.00. What's in the News CompoSecure is showcasing its Arculus direct onchain tap-to-pay capability, enabling direct crypto payments at traditional POS terminals without requiring new hardware for providers.
AAPL
US$239.67
Apple
7D
3.2%
1Y
8.5%

Emerging Markets And AI Integration Will Expand Global Reach

Analysts remain constructive on Apple given the positive implications of the Google antitrust ruling for Services revenue, growing confidence in Services' gross profit contribution, and medium-term catalysts from anticipated hardware innovation, though muted iPhone momentum and a cautious reception to AI integration temper near-term enthusiasm; as a result, the consensus price target is unchanged at $235.53. Analyst Commentary The recent Google antitrust ruling is seen as a major positive for Apple, allowing continued substantial payments from Google for default Safari search placement, annual renegotiation rights, and providing leverage for future search engine or AI partnerships; the outcome was less restrictive than feared and supports stronger Services revenue confidence.
HPQ
US$29.34
HP
7D
2.8%
1Y
-13.2%
NTAP
US$118.75
NetApp
7D
5.3%
1Y
4.0%

NetApp (NASDAQ:NTAP) Is Paying Out A Dividend Of $0.52

Aug 31
NetApp (NASDAQ:NTAP) Is Paying Out A Dividend Of $0.52
SMCI
US$40.41
Super Micro Computer
7D
-2.7%
1Y
4.6%

The Price Is Right For Super Micro Computer, Inc. (NASDAQ:SMCI) Even After Diving 32%

Aug 30
The Price Is Right For Super Micro Computer, Inc. (NASDAQ:SMCI) Even After Diving 32%
WDC
US$92.04
Western Digital
7D
14.6%
1Y
51.5%
CRSR
US$8.84
Corsair Gaming
7D
-1.0%
1Y
46.6%
DBD
US$59.90
Diebold Nixdorf
7D
-2.0%
1Y
46.2%
CAN
US$0.68
Canaan
7D
-10.1%
1Y
-28.0%

Cryptocurrency Adoption And Global Markets Will Foster Resilience

With consensus estimates for Canaan’s future P/E and net profit margin holding steady, analyst fair value estimates remain unchanged at $2.43. What's in the News Canaan withdrew its full-year 2025 revenue guidance due to new U.S. tariffs impacting the bitcoin mining industry, but provided Q2 and Q3 revenue guidance of approximately $100 million and $125–$145 million, respectively.
PMTS
US$14.74
CPI Card Group
7D
-6.4%
1Y
-43.6%

CPI Card Group Inc. (NASDAQ:PMTS) Looks Inexpensive After Falling 42% But Perhaps Not Attractive Enough

Aug 09
CPI Card Group Inc. (NASDAQ:PMTS) Looks Inexpensive After Falling 42% But Perhaps Not Attractive Enough