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U.S. Tech Sector Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies980
  • 7D3.1%
  • 3M18.6%
  • 1Y49.3%
  • YTD10.3%

In the last week, the Tech industry is up 3.1%, with Apple up 5.0%. During this same period, the NVIDIA underperformed, falling 6.1%. This takes the industry's 12 month performance to a gain of 49%. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026US$24.6tUS$2.8tUS$574.7b33.8x42.8x8.9x
Fri, 03 Apr 2026US$20.7tUS$2.7tUS$554.9b29.8x37.3x7.7x
Sun, 01 Mar 2026US$21.2tUS$2.7tUS$542.4b29.7x39.1x8x
Tue, 27 Jan 2026US$22.2tUS$2.6tUS$500.5b31.6x44.3x8.7x
Thu, 25 Dec 2025US$22.8tUS$2.6tUS$506.9b31.1x45.1x8.8x
Sat, 22 Nov 2025US$21.5tUS$2.6tUS$492.5b28.6x43.6x8.4x
Mon, 20 Oct 2025US$22.6tUS$2.5tUS$439.1b31.2x51.6x9.1x
Wed, 17 Sep 2025US$21.9tUS$2.5tUS$435.6b29.5x50.2x8.9x
Fri, 15 Aug 2025US$21.3tUS$2.4tUS$421.1b28.6x50.6x8.8x
Sun, 13 Jul 2025US$20.0tUS$2.4tUS$393.2b29.5x50.9x8.4x
Tue, 10 Jun 2025US$18.5tUS$2.4tUS$391.8b27.7x47.3x7.8x
Thu, 08 May 2025US$16.5tUS$2.3tUS$386.4b26.3x42.6x7x
Sat, 05 Apr 2025US$15.0tUS$2.3tUS$386.8b24.1x38.8x6.4x
Mon, 03 Mar 2025US$17.6tUS$2.3tUS$378.4b29.7x46.5x7.6x
Wed, 29 Jan 2025US$18.1tUS$2.3tUS$365.8b34.3x49.4x8x
Fri, 27 Dec 2024US$19.0tUS$2.3tUS$366.9b32.6x51.7x8.4x
Sun, 24 Nov 2024US$18.1tUS$2.3tUS$361.1b33x50.2x8.1x
Tue, 22 Oct 2024US$17.8tUS$2.2tUS$378.2b30.4x47x8.2x
Thu, 19 Sep 2024US$16.6tUS$2.2tUS$375.5b28.2x44.3x7.7x
Sat, 17 Aug 2024US$16.8tUS$2.1tUS$368.1b29x45.6x7.8x
Mon, 15 Jul 2024US$17.6tUS$2.1tUS$363.1b30.6x48.4x8.3x
Wed, 12 Jun 2024US$15.7tUS$2.1tUS$351.3b29.4x44.7x7.6x
Fri, 10 May 2024US$14.5tUS$2.0tUS$337.4b29.5x42.9x7.1x
Sun, 07 Apr 2024US$14.6tUS$2.0tUS$328.6b28.3x44.4x7.1x
Tue, 05 Mar 2024US$14.8tUS$2.0tUS$327.4b27.9x45.3x7.3x
Thu, 01 Feb 2024US$14.1tUS$2.1tUS$302.0b26.1x46.8x6.9x
Sat, 30 Dec 2023US$13.5tUS$2.1tUS$292.5b26.1x46.1x6.6x
Mon, 27 Nov 2023US$12.7tUS$2.0tUS$290.1b25x43.8x6.2x
Wed, 25 Oct 2023US$11.4tUS$2.0tUS$269.7b23.6x42.3x5.6x
Fri, 22 Sep 2023US$11.4tUS$2.0tUS$272.9b23.7x41.9x5.6x
Sun, 20 Aug 2023US$11.4tUS$2.0tUS$264.4b24.5x43.2x5.6x
Tue, 18 Jul 2023US$12.2tUS$2.0tUS$257.8b25.3x47.5x6x
Thu, 15 Jun 2023US$11.9tUS$2.0tUS$264.2b24.8x45x5.9x
Sat, 13 May 2023US$10.4tUS$2.0tUS$262.1b22.8x39.5x5.1x
Price to Earnings Ratio

39.5x


Total Market Cap: US$10.4tTotal Earnings: US$262.1bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 45.5x.
  • The 3-year average PS ratio of 7.5x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market1.81%
Tech3.08%
Communications8.52%
Tech Hardware7.29%
Electronic Equipment and Components2.54%
Semiconductors2.13%
IT2.03%
Software1.13%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 54.3x.
    • Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings growth of 10.2% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 33.3x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • 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
AAPL AppleUS$284.185.0%
+US$199.5b		43.2%PE34.1x
MU Micron TechnologyUS$640.2023.5%
+US$137.3b		674.9%PE29.9x
AVGO BroadcomUS$427.365.4%
+US$103.7b		108.7%PE81x
INTC IntelUS$108.1514.1%
+US$67.3b		432.5%PS10.1x
SNDK SandiskUS$1.41k40.3%
+US$60.3b		4,057.0%PE46.2x

Latest News

NVDA
US$196.50
NVIDIA
7D
-6.1%
1Y
67.9%

Is Nvidia Stock A Buy? Why Semiconductor Strength May Signal A Market Top

May 06
PLTR
US$135.91
Palantir Technologies
7D
-1.5%
1Y
23.0%
IBM
US$229.03
International Business Machines
7D
-1.7%
1Y
-8.1%
SHOP
US$107.63
Shopify
7D
-11.2%
1Y
13.9%

Shopify: Buying The Post-Earnings Dip Makes Complete Sense (Review)

May 06
INTC
US$108.15
Intel
7D
14.1%
1Y
432.5%
STX
US$771.01
Seagate Technology Holdings
7D
33.2%
1Y
721.1%

Seagate Technology Holdings' (NASDAQ:STX) Solid Profits Have Weak Fundamentals

May 06
Seagate Technology Holdings' (NASDAQ:STX) Solid Profits Have Weak Fundamentals
AAPL
US$284.18
Apple
7D
5.0%
1Y
43.2%
AMD
US$355.26
Advanced Micro Devices
7D
9.9%
1Y
260.2%
APH
US$136.69
Amphenol
7D
-4.9%
1Y
71.5%
MU
US$640.20
Micron Technology
7D
23.5%
1Y
674.9%

Micron's 50% Rally: Just A Prelude To The Structural Deficit

May 05
SNDK
US$1,406.32
Sandisk
7D
40.3%
1Y
4,057.0%
AVGO
US$427.36
Broadcom
7D
5.4%
1Y
108.7%
TER
US$357.10
Teradyne
7D
-6.1%
1Y
382.1%

TER: AI Test Demand And Robotics Expansion Will Shape Balanced Future Earnings Power

Teradyne’s analyst price target has been updated by $62 to reflect fresh research that cites Street price target increases from several firms and modest adjustments to long term growth, profitability, and valuation assumptions by analysts. Analyst Commentary Recent Street research on Teradyne shows a cluster of price target changes and rating moves, with most firms lifting their targets and a smaller group expressing caution around valuation.
ORCL
US$185.35
Oracle
7D
11.7%
1Y
25.5%
KLAC
US$1,732.90
KLA
7D
-4.2%
1Y
155.1%
MSFT
US$411.38
Microsoft
7D
-3.1%
1Y
-5.1%