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U.S. Tech Sector Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies995
  • 7D2.3%
  • 3M31.3%
  • 1Y38.3%
  • YTD20.4%

The Tech industry has gained 2.3% in the last week and Micron Technology up 9.7%. This takes the industry's 12 month performance to a gain of 38%. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026US$26.7tUS$2.9tUS$645.0b33.2x41.3x9.3x
Fri, 29 May 2026US$22.0tUS$2.8tUS$611.0b35.8x36.1x7.8x
Sun, 26 Apr 2026US$19.4tUS$2.7tUS$552.5b32.3x35.1x7.2x
Tue, 24 Mar 2026US$20.7tUS$2.7tUS$555.4b31x37.3x7.7x
Thu, 19 Feb 2026US$21.4tUS$2.6tUS$520.4b29.5x41.2x8.2x
Sat, 17 Jan 2026US$22.3tUS$2.6tUS$500.6b31.7x44.6x8.7x
Mon, 15 Dec 2025US$22.4tUS$2.6tUS$503.6b31.1x44.6x8.7x
Wed, 12 Nov 2025US$23.4tUS$2.5tUS$477.9b29.5x48.9x9.2x
Fri, 10 Oct 2025US$23.2tUS$2.5tUS$439.1b32.4x52.9x9.3x
Sun, 07 Sep 2025US$20.8tUS$2.5tUS$435.1b29.2x47.9x8.5x
Tue, 05 Aug 2025US$20.3tUS$2.4tUS$413.5b27.9x49.1x8.4x
Thu, 03 Jul 2025US$19.5tUS$2.4tUS$393.1b28.8x49.7x8.2x
Sat, 31 May 2025US$18.0tUS$2.4tUS$390.3b27x46.1x7.6x
Mon, 28 Apr 2025US$16.1tUS$2.3tUS$386.0b25.9x41.7x6.9x
Wed, 26 Mar 2025US$16.9tUS$2.3tUS$386.7b26.8x43.7x7.3x
Fri, 21 Feb 2025US$19.0tUS$2.3tUS$369.5b31.2x51.3x8.3x
Sun, 19 Jan 2025US$18.4tUS$2.3tUS$367.0b33.9x50x8.1x
Tue, 17 Dec 2024US$18.8tUS$2.3tUS$363.6b32.1x51.6x8.3x
Thu, 14 Nov 2024US$18.2tUS$2.2tUS$352.6b32.9x51.7x8.2x
Sat, 12 Oct 2024US$17.6tUS$2.2tUS$378.2b30.4x46.5x8.1x
Mon, 09 Sep 2024US$15.6tUS$2.2tUS$374.5b27.2x41.7x7.2x
Wed, 07 Aug 2024US$15.1tUS$2.1tUS$362.4b28.7x41.6x7.1x
Fri, 05 Jul 2024US$17.4tUS$2.1tUS$362.9b30.8x47.9x8.2x
Sun, 02 Jun 2024US$15.1tUS$2.1tUS$351.1b29.5x43x7.3x
Tue, 30 Apr 2024US$14.2tUS$2.1tUS$335.6b28.5x42.3x6.9x
Thu, 28 Mar 2024US$14.8tUS$2.0tUS$328.2b28.1x45.1x7.2x
Sat, 24 Feb 2024US$14.4tUS$2.0tUS$322.2b27.5x44.8x7.1x
Mon, 22 Jan 2024US$14.0tUS$2.0tUS$292.0b26.5x47.8x6.8x
Wed, 20 Dec 2023US$13.4tUS$2.1tUS$293.6b25.9x45.8x6.5x
Fri, 17 Nov 2023US$12.6tUS$2.0tUS$281.3b24.1x44.9x6.2x
Sun, 15 Oct 2023US$11.7tUS$2.0tUS$270.2b24.8x43.5x5.8x
Tue, 12 Sep 2023US$12.0tUS$2.0tUS$272.9b23.6x44.1x5.9x
Thu, 10 Aug 2023US$11.6tUS$2.0tUS$262.9b25.6x44.3x5.7x
Sat, 08 Jul 2023US$11.9tUS$2.0tUS$258.1b24.5x46x5.9x
Price to Earnings Ratio

46x


Total Market Cap: US$11.9tTotal Earnings: US$258.1bTotal 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 41.3x which is lower than its 3-year average PE of 45.3x.
  • The 3-year average PS ratio of 7.6x is lower than the industry's current PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 36% 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 Market1.92%
Tech2.32%
Electronic Equipment and Components9.15%
IT4.31%
Semiconductors3.80%
Software1.08%
Communications0.96%
Tech Hardware-1.23%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 34.4x.
    • Analysts are expecting annual earnings growth of 27.4%, which is higher than its past year's earnings growth of 10.1% per year.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 50.7x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 12% 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
MU Micron TechnologyUS$1.15k9.7%
+US$117.5b		854.8%PE25.8x
AMAT Applied MaterialsUS$723.0023.4%
+US$108.9b		293.4%PE67.5x
AMD Advanced Micro DevicesUS$580.9111.7%
+US$99.6b		326.8%PE192.1x
LRCX Lam ResearchUS$433.3316.7%
+US$77.5b		347.6%PE80.8x
KLAC KLAUS$301.7123.4%
+US$74.7b		235.7%PE84.4x

Latest News

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1Y
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MU
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Micron Technology
7D
9.7%
1Y
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LRCX
US$433.33
Lam Research
7D
16.7%
1Y
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AMAT
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Narrative Update • Jun 28

ARM: Agentic AI CPU Demand Will Drive Next Phase Of Upside

The fair value estimate for Arm Holdings has been updated from $416.94 to $500.00 as analysts highlight rising price targets across the Street and see stronger potential CPU demand tied to agentic AI workloads. Analyst Commentary Recent research on Arm Holdings points to a cluster of higher price targets and upbeat commentary on how agentic AI workloads could affect CPU demand.
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