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U.S. Tech Sector Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies998
  • 7D-5.6%
  • 3M26.1%
  • 1Y39.8%
  • YTD16.9%

Over the last 7 days, the Tech industry has dropped 5.6%, driven by pullbacks in NVIDIA and Microsoft of 6.3% and 8.8%, respectively. On the other hand KLA is actually up 25%. This takes the industry's 12 month performance to a gain of 40%. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$26.1tUS$2.8tUS$618.2b35.4x42.2x9.2x
Sun, 10 May 2026US$20.6tUS$2.8tUS$570.4b35.4x36.2x7.4x
Tue, 07 Apr 2026US$20.8tUS$2.7tUS$554.9b30x37.6x7.7x
Thu, 05 Mar 2026US$21.2tUS$2.7tUS$539.8b30.3x39.3x7.9x
Sat, 31 Jan 2026US$22.4tUS$2.6tUS$528.5b30.2x42.3x8.6x
Mon, 29 Dec 2025US$22.9tUS$2.6tUS$506.9b30.7x45.1x8.8x
Wed, 26 Nov 2025US$22.2tUS$2.6tUS$492.8b29.1x45x8.6x
Fri, 24 Oct 2025US$22.7tUS$2.5tUS$442.4b30.4x51.2x9x
Sun, 21 Sep 2025US$22.2tUS$2.5tUS$435.4b31.4x51x9x
Tue, 19 Aug 2025US$21.1tUS$2.4tUS$418.3b27.8x50.5x8.7x
Thu, 17 Jul 2025US$20.3tUS$2.4tUS$393.2b29.1x51.6x8.5x
Sat, 14 Jun 2025US$18.7tUS$2.4tUS$391.0b27.5x47.9x7.9x
Mon, 12 May 2025US$16.8tUS$2.3tUS$383.7b25.7x43.7x7.1x
Wed, 09 Apr 2025US$14.1tUS$2.3tUS$386.8b23.6x36.5x6.1x
Fri, 07 Mar 2025US$17.0tUS$2.3tUS$379.3b28.1x44.9x7.3x
Sun, 02 Feb 2025US$18.0tUS$2.3tUS$370.8b33.3x48.5x7.9x
Tue, 31 Dec 2024US$18.7tUS$2.3tUS$366.8b32x51x8.3x
Thu, 28 Nov 2024US$18.2tUS$2.2tUS$361.4b33x50.3x8.1x
Sat, 26 Oct 2024US$17.7tUS$2.2tUS$378.1b30.6x46.8x8x
Mon, 23 Sep 2024US$17.0tUS$2.2tUS$375.4b28.8x45.2x7.8x
Wed, 21 Aug 2024US$17.1tUS$2.1tUS$368.2b29.7x46.3x8x
Fri, 19 Jul 2024US$17.0tUS$2.1tUS$363.1b31.3x46.8x8x
Sun, 16 Jun 2024US$17.0tUS$2.1tUS$360.7b29.1x47.1x8x
Tue, 14 May 2024US$14.6tUS$2.0tUS$337.0b29.5x43.3x7.2x
Thu, 11 Apr 2024US$14.6tUS$2.0tUS$328.6b28.1x44.4x7.1x
Sat, 09 Mar 2024US$14.7tUS$2.0tUS$324.8b28.3x45.1x7.2x
Mon, 05 Feb 2024US$14.2tUS$2.1tUS$305.9b26.6x46.3x6.9x
Wed, 03 Jan 2024US$13.1tUS$2.1tUS$292.7b25.9x44.6x6.4x
Fri, 01 Dec 2023US$12.8tUS$2.1tUS$292.6b24.9x43.7x6.2x
Sun, 29 Oct 2023US$11.2tUS$2.0tUS$278.4b22.2x40.1x5.5x
Tue, 26 Sep 2023US$11.5tUS$2.0tUS$273.1b24.7x42.1x5.6x
Thu, 24 Aug 2023US$11.9tUS$2.0tUS$264.9b24.3x44.9x5.9x
Sat, 22 Jul 2023US$12.2tUS$2.0tUS$258.1b25.5x47.3x6x
Mon, 19 Jun 2023US$11.9tUS$2.0tUS$264.4b24.9x45.2x5.9x
Price to Earnings Ratio

45.2x


Total Market Cap: US$11.9tTotal Earnings: US$264.4bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 42.2x which is lower than its 3-year average PE of 45.3x.
  • The 3-year average PS ratio of 7.5x is lower than the industry's current PS ratio of 9.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 12% 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 sector?

US Market-2.36%
Tech-5.59%
Semiconductors-3.35%
Electronic Equipment and Components-4.20%
Tech Hardware-4.98%
Communications-6.24%
IT-7.99%
Software-10.07%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 33.9x.
    • Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings growth of 10.6% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 33.6x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KLAC KLAUS$241.1625.0%
+US$63.0b		177.9%PE67.4x
AMAT Applied MaterialsUS$552.6410.2%
+US$40.4b		215.8%PE51.6x
LRCX Lam ResearchUS$362.527.8%
+US$32.7b		295.5%PE67.6x
INTC IntelUS$116.964.6%
+US$26.0b		463.1%PS10.9x
SNDK SandiskUS$1.88k6.9%
+US$18.0b		4,455.7%PE61.8x

Latest News

MSFT
US$390.34
Microsoft
7D
-8.8%
1Y
-18.5%
QCOM
US$202.96
QUALCOMM
7D
-16.3%
1Y
27.9%
ARM
US$342.23
Arm Holdings
7D
-13.0%
1Y
146.9%
KLAC
US$241.16
KLA
7D
25.0%
1Y
177.9%
ORCL
US$184.10
Oracle
7D
-22.1%
1Y
-7.9%
NVDA
US$204.87
NVIDIA
7D
-6.3%
1Y
41.3%
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AMAT
US$552.64
Applied Materials
7D
10.2%
1Y
215.8%
CRDO
US$264.76
Credo Technology Group Holding
7D
21.7%
1Y
256.1%
AMD
US$488.45
Advanced Micro Devices
7D
-6.6%
1Y
312.2%
INTC
US$116.96
Intel
7D
4.6%
1Y
463.1%
AAPL
US$295.63
Apple
7D
-5.0%
1Y
48.4%
AVGO
US$385.57
Broadcom
7D
-0.04%
1Y
55.0%
SNDK
US$1,881.51
Sandisk
7D
6.9%
1Y
4,455.7%
LRCX
US$362.52
Lam Research
7D
7.8%
1Y
295.5%
CSCO
US$121.83
Cisco Systems
7D
-6.3%
1Y
87.1%
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APH
US$152.46
Amphenol
7D
3.9%
1Y
61.2%