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U.S. Tech Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies988
  • 7D-1.6%
  • 3M-5.9%
  • 1Y13.5%
  • YTD-5.1%

Over the last 7 days, the Tech industry has dropped 1.6%, driven by a pullback from Apple of 8.0%. In contrast, Oracle has gained 12%. This takes the industry's 12 month performance to a gain of 14%. 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
Sat, 14 Feb 2026US$21.4tUS$2.6tUS$520.7b30.4x41x8.1x
Mon, 12 Jan 2026US$22.6tUS$2.6tUS$507.0b32.4x44.5x8.7x
Wed, 10 Dec 2025US$23.2tUS$2.6tUS$495.7b31.2x46.9x9x
Fri, 07 Nov 2025US$23.4tUS$2.5tUS$477.9b30.4x48.9x9.2x
Sun, 05 Oct 2025US$22.7tUS$2.5tUS$439.2b31.7x51.8x9.1x
Tue, 02 Sep 2025US$20.8tUS$2.5tUS$429.3b29.4x48.5x8.5x
Thu, 31 Jul 2025US$20.7tUS$2.4tUS$393.3b27.7x52.7x8.7x
Sat, 28 Jun 2025US$19.6tUS$2.4tUS$393.2b28.4x49.8x8.2x
Mon, 26 May 2025US$17.5tUS$2.4tUS$385.8b26.9x45.5x7.4x
Wed, 23 Apr 2025US$14.5tUS$2.3tUS$386.6b24.6x37.4x6.2x
Fri, 21 Mar 2025US$16.6tUS$2.3tUS$386.1b27.3x42.9x7.1x
Sun, 16 Feb 2025US$18.9tUS$2.3tUS$369.9b32.4x51x8.2x
Tue, 14 Jan 2025US$18.0tUS$2.3tUS$367.2b32.3x49x8x
Thu, 12 Dec 2024US$18.5tUS$2.3tUS$362.8b33.1x50.9x8.2x
Sat, 09 Nov 2024US$18.3tUS$2.2tUS$352.5b33.3x52x8.2x
Mon, 07 Oct 2024US$17.2tUS$2.2tUS$378.1b29.7x45.4x7.9x
Wed, 04 Sep 2024US$16.8tUS$2.2tUS$378.3b28.7x44.4x7.8x
Fri, 02 Aug 2024US$16.5tUS$2.1tUS$365.6b30.7x45.2x7.8x
Sun, 30 Jun 2024US$16.8tUS$2.1tUS$362.8b29.7x46.4x8x
Tue, 28 May 2024US$15.4tUS$2.1tUS$349.9b30.3x43.9x7.5x
Thu, 25 Apr 2024US$13.9tUS$2.0tUS$327.8b28.4x42.5x6.8x
Sat, 23 Mar 2024US$14.9tUS$2.0tUS$328.6b27.8x45.4x7.3x
Mon, 19 Feb 2024US$14.2tUS$2.0tUS$310.2b27.5x45.9x7x
Wed, 17 Jan 2024US$13.4tUS$2.0tUS$292.0b25.7x46x6.5x
Fri, 15 Dec 2023US$13.2tUS$2.1tUS$293.6b26.2x45x6.4x
Sun, 12 Nov 2023US$12.3tUS$2.0tUS$279.7b23.4x44.1x6.1x
Tue, 10 Oct 2023US$11.8tUS$2.0tUS$269.8b24.7x43.8x5.8x
Thu, 07 Sep 2023US$12.1tUS$2.0tUS$272.7b24.1x44.5x5.9x
Sat, 05 Aug 2023US$11.9tUS$2.0tUS$262.2b25.6x45.4x5.9x
Mon, 03 Jul 2023US$12.0tUS$2.0tUS$259.9b25x46.3x5.9x
Wed, 31 May 2023US$11.4tUS$2.0tUS$262.6b24x43.5x5.6x
Fri, 28 Apr 2023US$10.2tUS$2.0tUS$275.8b20.6x37.1x5x
Sun, 26 Mar 2023US$10.1tUS$2.0tUS$278.4b22.1x36.1x4.9x
Tue, 21 Feb 2023US$11.0tUS$2.3tUS$297.0b24.2x36.9x4.9x
Price to Earnings Ratio

36.9x


Total Market Cap: US$11.0tTotal Earnings: US$297.0bTotal 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 41.0x which is lower than its 3-year average PE of 45.3x.
  • The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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-1.39%
Tech-1.62%
Electronic Equipment and Components3.99%
Software0.58%
Semiconductors-0.42%
Communications-1.06%
IT-3.48%
Tech Hardware-7.32%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 53.0x.
    • Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings growth of 5.0% per year.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 54.3x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 5.0% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.7% 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
ORCL OracleUS$160.1412.1%
+US$49.8b		-8.1%PE29.8x
AMAT Applied MaterialsUS$354.9110.0%
+US$25.7b		109.8%PE35.9x
MU Micron TechnologyUS$411.664.3%
+US$19.1b		313.6%PE38.9x
APH AmphenolUS$146.727.7%
+US$13.6b		113.0%PE42.2x
GLW CorningUS$133.469.3%
+US$9.6b		154.0%PE71x

Latest News

AMAT
US$354.91
Applied Materials
7D
10.0%
1Y
109.8%
APH
US$146.72
Amphenol
7D
7.7%
1Y
113.0%
NET
US$195.85
Cloudflare
7D
13.1%
1Y
14.4%

Earnings Update: Cloudflare, Inc. (NYSE:NET) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Feb 13
Earnings Update: Cloudflare, Inc. (NYSE:NET) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
CSCO
US$76.85
Cisco Systems
7D
-9.4%
1Y
18.5%
ORCL
US$160.14
Oracle
7D
12.1%
1Y
-8.1%
PLTR
US$131.41
Palantir Technologies
7D
-3.3%
1Y
10.3%
GLW
US$133.46
Corning
7D
9.3%
1Y
154.0%
AAPL
US$255.78
Apple
7D
-8.0%
1Y
4.6%
INTU
US$399.40
Intuit
7D
-10.0%
1Y
-32.0%
IBM
US$262.38
International Business Machines
7D
-12.2%
1Y
0.4%
ADI
US$337.10
Analog Devices
7D
5.2%
1Y
57.1%

ADI: Autos And AI Are Expected To Support A Measured Cyclical Recovery

Analysts have nudged their price target framework higher for Analog Devices, with fair value moving from US$285.56 to US$313.31 as they factor in Street research pointing to stronger revenue growth assumptions, slightly higher profit margins, a modestly lower discount rate, and a richer future P/E outlook following multiple recent target hikes across major firms. Analyst Commentary Recent Street research on Analog Devices clusters around a broadly positive view, with most firms lifting price targets and a minority trimming theirs while keeping constructive ratings.
NVDA
US$182.81
NVIDIA
7D
-1.4%
1Y
31.7%

NVDA: AI Infrastructure Demand And Partnerships Will Sustain Market Leadership

Analysts nudged their fair value estimate for Nvidia higher from US$326.00 to about US$334.78, as they factor in expectations for stronger profit margins, a higher future P/E and recent research that highlights Nvidia's AI leadership, data center demand and supportive partner deals such as the CoreWeave agreement. Analyst Commentary Recent Street research around Nvidia has been broadly constructive, with many bullish analysts adjusting their models after company updates, product news and partner commentary.
CRWD
US$429.64
CrowdStrike Holdings
7D
8.6%
1Y
-4.9%
INTC
US$46.79
Intel
7D
-7.5%
1Y
98.3%
AVGO
US$325.17
Broadcom
7D
-2.3%
1Y
39.5%

AVGO: AI Custom Silicon Demand Will Shape Future Earnings Power

Analysts have lifted their Broadcom fair value estimate from US$415.56 to US$535.00, citing stronger AI related revenue assumptions, slightly leaner profit margins, and a lower future P/E expectation as they recalibrate forecasts alongside a series of recent upgrades and higher price targets across the semiconductor group. Analyst Commentary Recent Street research around Broadcom has leaned constructive, with several firms revising price targets, initiating coverage, or resuming opinions that highlight the company as a key beneficiary of AI related spending and custom silicon demand.
MU
US$411.66
Micron Technology
7D
4.3%
1Y
313.6%

MU: AI Memory Shortages Will Eventually Draw New Capacity And Pressure Returns

Analysts have lifted their fair value estimate for Micron from US$249.31 to US$365.22. They point to higher assumed revenue growth, wider profit margins and a lower future P/E multiple, supported by recent price target increases and generally positive commentary around tight memory supply and AI driven demand.