Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Tech Hardware Industry Analysis

UpdatedAug 26, 2025
DataAggregated Company Financials
Companies46
  • 7D-1.5%
  • 3M13.5%
  • 1Y0.3%
  • YTD-6.2%

Over the last 7 days, the Tech Hardware industry has dropped 1.5%, driven by Apple declining 1.6%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 9.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Aug 2025US$3.5tUS$502.8bUS$100.5b21.6x35.2x7x
Thu, 24 Jul 2025US$3.3tUS$500.2bUS$98.6b19.9x34x6.7x
Sat, 21 Jun 2025US$3.1tUS$500.2bUS$98.5b17.5x31.2x6.1x
Mon, 19 May 2025US$3.3tUS$499.6bUS$100.0b16.4x32.8x6.6x
Wed, 16 Apr 2025US$3.1tUS$494.0bUS$101.2b12.1x31x6.4x
Fri, 14 Mar 2025US$3.4tUS$494.0bUS$101.2b16.1x33.3x6.8x
Sun, 09 Feb 2025US$3.6tUS$479.7bUS$100.5b21.7x35.4x7.4x
Tue, 07 Jan 2025US$3.8tUS$473.9bUS$97.2b23.6x39.2x8x
Thu, 05 Dec 2024US$3.8tUS$472.8bUS$96.5b22.8x39.4x8x
Sat, 02 Nov 2024US$3.5tUS$472.7bUS$98.5b14.6x35.4x7.4x
Mon, 30 Sep 2024US$3.6tUS$466.0bUS$106.7b18x33.6x7.7x
Wed, 28 Aug 2024US$3.6tUS$465.2bUS$106.5b24x33.7x7.7x
Fri, 26 Jul 2024US$3.5tUS$457.1bUS$103.2b26.2x33.9x7.6x
Sun, 23 Jun 2024US$3.3tUS$457.1bUS$103.2b26.6x32.4x7.3x
Tue, 21 May 2024US$3.1tUS$456.7bUS$103.3b27.4x29.8x6.7x
Thu, 18 Apr 2024US$2.7tUS$457.8bUS$102.9b23.9x26.7x6x
Sat, 16 Mar 2024US$2.8tUS$457.8bUS$102.8b26.4x27.5x6.2x
Mon, 12 Feb 2024US$3.0tUS$458.7bUS$102.6b28.9x29.6x6.6x
Wed, 10 Jan 2024US$3.0tUS$454.7bUS$98.6b27.7x30.2x6.6x
Fri, 08 Dec 2023US$3.1tUS$455.3bUS$98.5b26.5x31.3x6.8x
Sun, 05 Nov 2023US$2.8tUS$452.4bUS$97.1b20.6x29.2x6.3x
Tue, 03 Oct 2023US$2.8tUS$453.8bUS$95.1b23.9x29.1x6.1x
Thu, 31 Aug 2023US$3.0tUS$453.8bUS$95.2b26.6x31.8x6.7x
Sat, 29 Jul 2023US$3.2tUS$456.4bUS$95.7b32.8x33x6.9x
Mon, 26 Jun 2023US$3.0tUS$456.4bUS$95.7b31.1x31.6x6.6x
Wed, 24 May 2023US$2.8tUS$456.4bUS$95.7b25.2x29x6.1x
Fri, 21 Apr 2023US$2.7tUS$460.5bUS$97.1b24.9x27.9x5.9x
Sun, 19 Mar 2023US$2.5tUS$460.5bUS$97.0b24.3x26x5.5x
Tue, 14 Feb 2023US$2.5tUS$460.1bUS$97.3b25.6x25.8x5.5x
Thu, 12 Jan 2023US$2.2tUS$467.8bUS$102.0b23.1x21.5x4.7x
Sat, 10 Dec 2022US$2.3tUS$467.8bUS$102.0b23.3x22.9x5x
Mon, 07 Nov 2022US$2.3tUS$467.0bUS$104.4b18.6x21.8x4.9x
Wed, 05 Oct 2022US$2.4tUS$460.9bUS$105.2b16.7x23x5.2x
Fri, 02 Sep 2022US$2.6tUS$461.3bUS$105.4b15.5x24.8x5.7x
Price to Earnings Ratio

24.8x


Total Market Cap: US$2.6tTotal Earnings: US$105.4bTotal Revenue: US$461.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 30.4x202320242025
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 35.2x which is higher than its 3-year average PE of 30.4x.
  • 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 Market0.19%
Tech-0.79%
Tech Hardware-1.49%
Tech Hardware Storage and Peripherals-1.49%
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
STX Seagate Technology HoldingsUS$164.003.8%
+US$1.3b		62.8%PE23.7x
HPE Hewlett Packard EnterpriseUS$22.564.3%
+US$1.2b		17.6%PE21.6x
WDC Western DigitalUS$79.223.8%
+US$1.0b		26.4%PE17.2x
PSTG Pure StorageUS$59.053.2%
+US$598.1m		-3.4%PE151.1x
HPQ HPUS$27.501.9%
+US$469.6m		-22.8%PE10.3x

Latest News

HPE
US$22.56
Hewlett Packard Enterprise
7D
4.3%
1Y
17.6%
IMMR
US$6.86
Immersion
7D
-3.0%
1Y
-25.4%
QUBT
US$15.21
Quantum Computing
7D
-4.3%
1Y
2,069.8%
DELL
US$131.01
Dell Technologies
7D
-3.1%
1Y
17.1%
IONQ
US$38.68
IonQ
7D
-3.9%
1Y
415.0%
NTAP
US$111.01
NetApp
7D
1.9%
1Y
-16.2%
TBCH
US$15.53
Turtle Beach
7D
-2.1%
1Y
3.6%

Gaming Accessories Will Transform Esports And Immersive Entertainment

The reduction in Turtle Beach's price target reflects lowered revenue growth expectations and a higher future P/E multiple, resulting in a revised fair value of $17.38 per share. What's in the News Turtle Beach entered a stock purchase agreement with Diversis Capital to issue 694,926 shares at $14.41, raising $10 million in gross proceeds.
SNDK
US$46.78
Sandisk
7D
2.8%
1Y
n/a
KODK
US$5.94
Eastman Kodak
7D
-1.8%
1Y
10.2%
HPQ
US$27.50
HP
7D
1.9%
1Y
-22.8%
AAPL
US$227.16
Apple
7D
-1.6%
1Y
-0.009%
STX
US$164.00
Seagate Technology Holdings
7D
3.8%
1Y
62.8%

Seagate Technology Holdings (NASDAQ:STX) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 08
Seagate Technology Holdings (NASDAQ:STX) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
SMCI
US$44.07
Super Micro Computer
7D
-3.9%
1Y
-21.7%

Global AI Adoption And Scalable Data Centers Will Define Future Market Dynamics

With both Super Micro Computer’s future P/E and net profit margin remaining stable, analyst fair value estimates were unchanged, maintaining the consensus price target at $50.38. What's in the News Super Micro Computer issued FY2026 sales guidance of at least $33 billion and Q1 GAAP EPS of $0.30-$0.42, reflecting material stock-based compensation expense.
PSTG
US$59.05
Pure Storage
7D
3.2%
1Y
-3.4%
WDC
US$79.22
Western Digital
7D
3.8%
1Y
26.4%
CMPO
US$19.65
CompoSecure
7D
4.9%
1Y
66.5%