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U.S. Tech Hardware Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies50
  • 7D3.2%
  • 3M32.8%
  • 1Y75.7%
  • YTD25.6%

The Tech Hardware industry is up 3.2% in the last week, with Western Digital up 33%. In the last 12 months, the industry was up 76%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026US$5.4tUS$587.7bUS$138.0b43.6x38.9x9.1x
Sun, 17 May 2026US$5.1tUS$584.2bUS$136.5b41.1x37.5x8.7x
Tue, 14 Apr 2026US$4.3tUS$556.2bUS$122.5b30.1x34.9x7.7x
Thu, 12 Mar 2026US$4.2tUS$554.7bUS$122.6b25.5x34.4x7.6x
Sat, 07 Feb 2026US$4.4tUS$552.7bUS$121.6b29.5x36.4x8x
Mon, 05 Jan 2026US$4.2tUS$514.0bUS$111.8b24.7x37.9x8.2x
Wed, 03 Dec 2025US$4.4tUS$512.8bUS$113.1b25.1x39.3x8.7x
Fri, 31 Oct 2025US$4.2tUS$504.7bUS$100.3b28.4x42.2x8.4x
Sun, 28 Sep 2025US$4.0tUS$504.4bUS$100.3b26x39.7x7.9x
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
Price to Earnings Ratio

31.6x


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 38.9x 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 9.1x.
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 Market1.65%
Tech3.30%
Tech Hardware3.18%
Tech Hardware Storage and Peripherals3.18%
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$746.2332.6%
+US$63.2b		1,158.6%PE40.5x
AAPL AppleUS$298.010.8%
+US$35.0b		51.6%PE35.7x
STX Seagate Technology HoldingsUS$1.07k14.9%
+US$31.5b		717.2%PE101.8x
SNDK SandiskUS$2.18k10.3%
+US$30.3b		4,590.3%PE71.8x
DELL Dell TechnologiesUS$409.504.6%
+US$11.7b		251.3%PE31.6x

Latest News

SNDK
US$2,184.75
Sandisk
7D
10.3%
1Y
4,590.3%
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Sandisk (SNDK) Stock Could Be 577.8% Overvalued After Its Recent Run Up

Sandisk (SNDK) has recently drawn attention after its stock delivered a 58% return over the past month and a very large gain over the past 3 months, inviting closer inspection from investors. See our latest analysis for Sandisk. The latest share price of $2,182.45 comes after a 1 month share price return of 57.77% and a 7 day share price return of 15.99%, building on a very large year to date share price return of 692.93% and a very large 1 year total shareholder return. Together these...
AAPL
US$298.01
Apple
7D
0.8%
1Y
51.6%
DELL
US$409.50
Dell Technologies
7D
4.6%
1Y
251.3%
P
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Everpure
7D
7.6%
1Y
41.1%
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Everpure (P) Stock Could Be 58.6% Undervalued After Its AI Infrastructure Push

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IONQ
US$56.55
IonQ
7D
-2.5%
1Y
42.7%
STX
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Seagate Technology Holdings
7D
14.9%
1Y
717.2%
HPE
US$47.41
Hewlett Packard Enterprise
7D
1.3%
1Y
166.6%
GPGI
US$14.42
GPGI
7D
18.6%
1Y
2.5%
Narrative Update • Jun 17

GPGI: Husky Integration And Margin Recovery Will Drive Future Stock Upside

GPGI's updated analyst narrative reflects a lower price target of $15 from $22, as analysts cite ongoing macro uncertainty and a preference for companies with resilient end markets and clearer growth drivers. What’s in the News for GPGI GPGI reported mixed Q1 2026 results following its US$5b acquisition of Husky Technologies, with consolidated net sales of US$407.8 million and Adjusted EBITDA of US$88.8 million, while recording a GAAP net loss of US$235 million.
HPQ
US$23.50
HP
7D
-4.8%
1Y
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WDC
US$746.23
Western Digital
7D
32.6%
1Y
1,158.6%
Narrative Update • Jun 16

WDC: AI Storage Cycle And Balance Sheet Actions Will Shape Future Upside

Western Digital's analyst price target has been raised from $440 to $685, with analysts citing stronger AI driven demand for memory and storage, firmer industry pricing, and updated expectations for revenue, margins, and future P/E multiples. Analyst Commentary Recent research on Western Digital centers on rising price targets and constructive commentary around AI related demand for storage and memory.
NTAP
US$159.71
NetApp
7D
-1.2%
1Y
55.5%
New Narrative • Jun 15

AI Storage And Cloud Services Dependence Will Increase Earnings Risk Over Time

Catalysts About NetApp NetApp provides data storage and data management solutions across on premises, public cloud and hybrid cloud environments, including offerings tailored for AI workloads. What are the underlying business or industry changes driving this perspective?
INFQ
US$13.53
Infleqtion
7D
-4.2%
1Y
n/a
KODK
US$9.40
Eastman Kodak
7D
-2.9%
1Y
60.4%
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Eastman Kodak: Better Positioned, But Not Yet A Proven Turnaround

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PMTS
US$18.26
CPI Card Group
7D
-4.1%
1Y
-20.4%
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PMTS: Long Term Partnerships And 2026 Execution Will Support Future Upside

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XRX
US$3.02
Xerox Holdings
7D
-13.0%
1Y
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BGIN
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7D
-9.8%
1Y
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