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U.S. Tech Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies987
  • 7D0.5%
  • 3M-3.7%
  • 1Y26.6%
  • YTD-3.5%

Last week, the Tech industry hasn't moved much but Apple is up 3.2% in that time. The past year has been better, since the industry has gained 27% in that time. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026US$22.1tUS$2.7tUS$541.4b30.1x40.8x8.3x
Sun, 25 Jan 2026US$22.2tUS$2.6tUS$500.5b31.1x44.3x8.7x
Tue, 23 Dec 2025US$22.5tUS$2.6tUS$506.8b31.2x44.3x8.7x
Thu, 20 Nov 2025US$22.0tUS$2.5tUS$479.5b29.2x45.9x8.7x
Sat, 18 Oct 2025US$22.6tUS$2.5tUS$439.1b31.2x51.5x9.1x
Mon, 15 Sep 2025US$21.6tUS$2.5tUS$435.6b29.7x49.7x8.8x
Wed, 13 Aug 2025US$21.1tUS$2.4tUS$419.8b28.8x50.3x8.7x
Fri, 11 Jul 2025US$20.2tUS$2.4tUS$393.2b29.4x51.4x8.5x
Sun, 08 Jun 2025US$18.6tUS$2.4tUS$391.8b27.9x47.4x7.8x
Tue, 06 May 2025US$16.7tUS$2.3tUS$385.4b26.1x43.3x7.1x
Thu, 03 Apr 2025US$16.1tUS$2.3tUS$386.8b26.9x41.6x6.9x
Sat, 01 Mar 2025US$17.5tUS$2.3tUS$378.2b29.4x46.3x7.6x
Mon, 27 Jan 2025US$18.7tUS$2.3tUS$365.6b33.9x51.3x8.3x
Wed, 25 Dec 2024US$19.0tUS$2.3tUS$366.9b32.5x51.7x8.4x
Fri, 22 Nov 2024US$18.0tUS$2.2tUS$361.1b32.8x49.8x8x
Sun, 20 Oct 2024US$17.8tUS$2.2tUS$378.2b30.3x47x8.2x
Tue, 17 Sep 2024US$16.8tUS$2.2tUS$375.4b28.5x44.7x7.8x
Thu, 15 Aug 2024US$16.3tUS$2.1tUS$369.8b28x44.1x7.6x
Sat, 13 Jul 2024US$17.5tUS$2.1tUS$363.1b30.9x48.1x8.3x
Mon, 10 Jun 2024US$15.6tUS$2.1tUS$351.2b29.5x44.5x7.6x
Wed, 08 May 2024US$14.5tUS$2.0tUS$335.5b28.9x43.1x7.1x
Fri, 05 Apr 2024US$14.6tUS$2.0tUS$328.6b28.1x44.3x7.1x
Sun, 03 Mar 2024US$14.8tUS$2.0tUS$327.4b28.2x45.3x7.3x
Tue, 30 Jan 2024US$14.1tUS$2.0tUS$295.9b27.1x47.5x6.9x
Thu, 28 Dec 2023US$13.5tUS$2.1tUS$292.5b26.4x46x6.6x
Sat, 25 Nov 2023US$12.7tUS$2.0tUS$290.1b24.9x43.8x6.2x
Mon, 23 Oct 2023US$11.4tUS$2.0tUS$269.7b23.5x42.2x5.6x
Wed, 20 Sep 2023US$11.8tUS$2.0tUS$272.9b24.5x43.3x5.8x
Fri, 18 Aug 2023US$11.5tUS$2.0tUS$264.4b24x43.6x5.7x
Sun, 16 Jul 2023US$12.2tUS$2.0tUS$257.8b25x47.5x6x
Tue, 13 Jun 2023US$11.7tUS$2.0tUS$264.2b24.8x44.3x5.8x
Thu, 11 May 2023US$10.4tUS$2.0tUS$261.7b22.8x39.9x5.1x
Sat, 08 Apr 2023US$10.2tUS$2.0tUS$274.9b22.4x37.2x5x
Mon, 06 Mar 2023US$11.0tUS$2.3tUS$298.5b23.2x37x4.9x
Price to Earnings Ratio

37x


Total Market Cap: US$11.0tTotal Earnings: US$298.5bTotal Revenue: US$2.3tTotal 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 40.8x which is lower than its 3-year average PE of 45.3x.
  • The 3-year average PS ratio of 7.3x is lower than the industry's current PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 Market0.58%
Tech0.55%
Electronic Equipment and Components4.46%
Tech Hardware4.36%
Software0.71%
Communications0.26%
Semiconductors-1.16%
IT-3.24%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings growth of 17.4% per year.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 54.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.6% 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$272.953.2%
+US$122.9b		12.9%PE34x
MSFT MicrosoftUS$401.721.1%
+US$33.3b		1.2%PE25x
GLW CorningUS$150.3015.6%
+US$17.4b		206.7%PE80.8x
CRM SalesforceUS$199.477.7%
+US$13.3b		-32.4%PE25.1x
KEYS Keysight TechnologiesUS$306.0327.8%
+US$11.5b		93.4%PE53.6x

Latest News

KEYS
US$306.03
Keysight Technologies
7D
27.8%
1Y
93.4%
NVDA
US$184.89
NVIDIA
7D
-1.6%
1Y
53.9%
CRWD
US$381.10
CrowdStrike Holdings
7D
-9.7%
1Y
0.2%
AVGO
US$321.70
Broadcom
7D
-3.7%
1Y
62.6%
CRM
US$199.47
Salesforce
7D
7.7%
1Y
-32.4%
CRCL
US$87.21
Circle Internet Group
7D
40.8%
1Y
n/a
GLW
US$150.30
Corning
7D
15.6%
1Y
206.7%
MSFT
US$401.72
Microsoft
7D
1.1%
1Y
1.2%
IBM
US$242.01
International Business Machines
7D
-5.6%
1Y
-4.4%
NET
US$174.66
Cloudflare
7D
-9.3%
1Y
24.1%
ORCL
US$150.31
Oracle
7D
-4.0%
1Y
-8.8%

ORCL: AI Infrastructure Buildout And Debt Funding Will Drive Future Upside

Analysts have trimmed their average price targets on Oracle by around $20 to $30. The changes reflect recent rating adjustments and revised expectations for fair value, discount rate, revenue growth, profit margins, and future P/E assumptions.
KLAC
US$1,524.31
KLA
7D
3.7%
1Y
118.0%

KLA Corporation (KLAC) The Precision Arbitrator: Securing the AI Frontier

KLA Corporation (KLAC) stands as the indispensable gatekeeper of the semiconductor world, currently trading at $1,496.00 as of the market close on February 20, 2026. As chip architectures move toward 2nm and beyond, the "process control intensity"—the amount of inspection and measurement required per wafer—is skyrocketing.
ANET
US$130.25
Arista Networks
7D
-5.1%
1Y
42.2%
APP
US$444.93
AppLovin
7D
8.0%
1Y
38.8%

APP: Higher 2026 Revenue Outlook And Rich Margins Will Support Upside Potential

Analysts have adjusted their price target on AppLovin to $476.89 from $530.78, citing updated assumptions around revenue growth, profit margins, and future P/E multiples. What's in the News AppLovin issued new earnings guidance for the first quarter of 2026, setting expected total revenue in a range of US$1.745b to US$1.775b (Key Developments).
AAPL
US$272.95
Apple
7D
3.2%
1Y
12.9%

AAPL: Gemini Partnership And AI Roadmap Will Drive Future Upside

Analysts have raised their Apple fair value estimate to $350 from about $283.66, citing Street research that characterizes the recent selloff as unwarranted and highlights a clearer AI roadmap supported by the Google Gemini partnership as well as ongoing checks on demand and margins. Analyst Commentary Recent research points to a generally constructive backdrop around Apple, with many bullish analysts emphasizing AI execution, the Google Gemini partnership, and supportive checks on demand and margins.
TXN
US$212.63
Texas Instruments
7D
-2.5%
1Y
11.2%

TXN: Higher Street Conviction And Tariff Uncertainty Will Shape Next Cycle

The analyst fair value estimate for Texas Instruments has shifted from about $191 to roughly $219. Analysts attribute this change to updated expectations for revenue growth, profit margins, and a higher future P/E multiple following a wave of recent price target increases across the Street.