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U.S. Tech Hardware Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies50
  • 7D-5.0%
  • 3M26.6%
  • 1Y65.5%
  • YTD19.9%

Over the last 7 days, the Tech Hardware industry has dropped 5.0%, driven by a pullback from Apple of 5.0%. On the other hand Sandisk is actually up 6.9%. This takes the industry's 12 month performance to a gain of 66%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$5.1tUS$587.7bUS$138.0b43x36.7x8.6x
Sun, 10 May 2026US$5.0tUS$584.2bUS$136.5b51.3x36.5x8.5x
Tue, 07 Apr 2026US$4.2tUS$556.2bUS$122.6b25.5x34x7.5x
Thu, 05 Mar 2026US$4.2tUS$553.2bUS$122.8b26.1x34.5x7.7x
Sat, 31 Jan 2026US$4.2tUS$545.7bUS$121.5b27.1x34.5x7.7x
Mon, 29 Dec 2025US$4.3tUS$514.1bUS$111.9b23.5x38.1x8.3x
Wed, 26 Nov 2025US$4.3tUS$512.7bUS$113.1b24.6x37.9x8.4x
Fri, 24 Oct 2025US$4.1tUS$504.7bUS$100.3b27x40.5x8x
Sun, 21 Sep 2025US$3.8tUS$504.4bUS$100.3b26x38.3x7.6x
Tue, 19 Aug 2025US$3.6tUS$502.8bUS$100.5b20.7x35.7x7.1x
Thu, 17 Jul 2025US$3.3tUS$500.2bUS$98.6b19.5x33.2x6.5x
Sat, 14 Jun 2025US$3.1tUS$500.2bUS$98.5b17x31.5x6.2x
Mon, 12 May 2025US$3.1tUS$499.4bUS$100.0b14.5x30.8x6.2x
Wed, 09 Apr 2025US$2.8tUS$494.0bUS$101.2b12.7x27.8x5.7x
Fri, 07 Mar 2025US$3.7tUS$492.7bUS$100.5b16.4x36.4x7.4x
Sun, 02 Feb 2025US$3.7tUS$479.7bUS$100.5b21.6x36.6x7.7x
Tue, 31 Dec 2024US$4.0tUS$473.9bUS$97.2b24.2x41.1x8.4x
Thu, 28 Nov 2024US$3.7tUS$472.7bUS$96.5b21.6x38.2x7.8x
Sat, 26 Oct 2024US$3.6tUS$467.4bUS$107.9b22.5x33.7x7.8x
Mon, 23 Sep 2024US$3.6tUS$466.0bUS$106.7b19.5x33.7x7.7x
Wed, 21 Aug 2024US$3.6tUS$465.2bUS$106.8b24.3x33.4x7.7x
Fri, 19 Jul 2024US$3.6tUS$457.1bUS$103.3b26.3x34.8x7.9x
Sun, 16 Jun 2024US$3.4tUS$457.1bUS$103.2b26.3x33.1x7.5x
Tue, 14 May 2024US$3.0tUS$456.7bUS$103.2b28.1x29x6.6x
Thu, 11 Apr 2024US$2.8tUS$457.8bUS$102.9b24.1x26.9x6x
Sat, 09 Mar 2024US$2.8tUS$457.8bUS$102.6b26.1x27.3x6.1x
Mon, 05 Feb 2024US$3.0tUS$458.7bUS$102.6b28.4x29.1x6.5x
Wed, 03 Jan 2024US$3.0tUS$454.7bUS$98.6b26x30.3x6.6x
Fri, 01 Dec 2023US$3.1tUS$455.3bUS$98.5b27.6x31x6.7x
Sun, 29 Oct 2023US$2.7tUS$453.7bUS$95.6b19x28.4x6x
Tue, 26 Sep 2023US$2.8tUS$453.9bUS$95.1b20.6x29.9x6.3x
Thu, 24 Aug 2023US$2.9tUS$454.0bUS$95.2b26.3x30.7x6.4x
Sat, 22 Jul 2023US$3.1tUS$456.4bUS$95.7b32x32.5x6.8x
Mon, 19 Jun 2023US$3.0tUS$456.4bUS$95.7b30.8x31.3x6.6x
Price to Earnings Ratio

31.3x


Total Market Cap: US$3.0tTotal Earnings: US$95.7bTotal Revenue: US$456.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 33.6x202420252026
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 36.7x which is higher than its 3-year average PE of 33.6x.
  • The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 8.8% 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-2.36%
Tech-5.59%
Tech Hardware-4.98%
Tech Hardware Storage and Peripherals-4.98%
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
SNDK SandiskUS$1.88k6.9%
+US$18.0b		4,455.7%PE61.8x
GPGI GPGIUS$12.161.6%
+US$55.1m		-14.3%PS146863.1x
TBCH Turtle BeachUS$13.397.0%
+US$17.5m		-1.0%PE223.5x
PMTS CPI Card GroupUS$18.926.8%
+US$13.9m		-17.1%PE17.8x
ALOT AstroNovaUS$17.0011.6%
+US$13.6m		83.0%PS0.9x

Latest News

SMCI
US$31.97
Super Micro Computer
7D
-31.8%
1Y
-26.3%
P
US$69.34
Everpure
7D
-11.7%
1Y
27.3%
NTAP
US$160.47
NetApp
7D
-10.3%
1Y
55.9%
Analysis Article • 9h

NetApp's (NASDAQ:NTAP) Earnings Seem To Be Promising

Shareholders appeared to be happy with NetApp, Inc.'s ( NASDAQ:NTAP ) solid earnings report last week. Looking deeper...
STX
US$868.09
Seagate Technology Holdings
7D
-6.3%
1Y
588.6%
HPE
US$46.80
Hewlett Packard Enterprise
7D
-12.8%
1Y
158.1%
ALOT
US$17.00
AstroNova
7D
11.6%
1Y
83.0%
Seeking Alpha • Jun 11

AstroNova Q1: The Cross Over To Financial Stability Is Here

Summary AstroNova Inc. has achieved a sustainable turnaround, anchored by Aerospace segment strength and operational restructuring, supporting a reiterated Buy rating. Just released Q1 FY27 results show Aerospace revenue surged 16.3% YoY, with commercial hardware sales up 46% and a 147% book-to-bill ratio, driving margin expansion. PID segment stabilized, with 82% of sales from high-margin recurring consumables, and legacy integration issues now resolved. Forward EPS set for a boost from a $2M annualized royalty expiration in Q3, potentially raising annualized EPS to ~$0.52 and supporting a ~30x forward GAAP multiple. Read the full article on Seeking Alpha
AAPL
US$295.63
Apple
7D
-5.0%
1Y
48.4%
WDC
US$529.29
Western Digital
7D
-8.0%
1Y
848.9%
SNDK
US$1,881.51
Sandisk
7D
6.9%
1Y
4,455.7%
DELL
US$391.45
Dell Technologies
7D
-7.3%
1Y
245.2%
GPGI
US$12.16
GPGI
7D
1.6%
1Y
-14.3%
PMTS
US$18.92
CPI Card Group
7D
6.8%
1Y
-17.1%
Narrative Update • Jun 06

PMTS: Long Term Partnerships And 2026 Execution Will Support Future Upside

Analysts have trimmed their fair value estimate for CPI Card Group to $27.50 from $28.25, reflecting updated assumptions that include a different revenue growth outlook, a revised discount rate, a higher projected profit margin, and a lower future P/E multiple based on recent mixed price target moves from Lake Street and Roth Capital. Analyst Commentary Recent Street research on CPI Card Group has pulled in different directions, with some analysts lifting price targets while others are trimming theirs.
TACT
US$5.35
TransAct Technologies
7D
14.8%
1Y
49.0%
Narrative Update • Jun 05

TACT: Higher Earnings Quality And Buybacks Will Support A Rerating

Analysts have lifted their price target on TransAct Technologies to $7.00 from $5.00, pointing to updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research around companies in adjacent industries highlights a mix of optimism and caution that is useful context when you think about TransAct Technologies and its new price target.
TBCH
US$13.39
Turtle Beach
7D
7.0%
1Y
-1.0%
Narrative Update • Jun 03

TBCH: Holiday Cycle Reliance And GTA 6 Timing Will Pressure Outlook

Narrative Update: Turtle Beach Analyst Price Target Change The analyst price target for Turtle Beach has reset to $11.00. This reflects a combination of reduced revenue growth and profit margin expectations, along with a higher assumed future P/E multiple.
EBON
US$2.22
Ebang International Holdings
7D
6.1%
1Y
-40.5%
IMMR
US$6.64
Immersion
7D
0.3%
1Y
-13.3%