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U.S. Tech Sector Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies978
  • 7D-4.9%
  • 3M-2.1%
  • 1Y29.5%
  • YTD19.5%

Over the last 7 days, the Tech industry has dropped 4.9%, driven by a pullback from NVIDIA of 7.3%. In the past year, the industry has gained 30%. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026US$21.9tUS$3.0tUS$637.3b33.3x34.4x7.4x
Thu, 23 Jul 2026US$21.7tUS$2.9tUS$645.3b32.2x33.7x7.5x
Sat, 20 Jun 2026US$22.7tUS$2.8tUS$618.7b34.7x36.7x8x
Mon, 18 May 2026US$21.0tUS$2.8tUS$570.8b35.1x36.7x7.5x
Wed, 15 Apr 2026US$22.5tUS$2.7tUS$555.0b32.1x40.5x8.3x
Fri, 13 Mar 2026US$21.5tUS$2.7tUS$542.6b29.7x39.6x8x
Sun, 08 Feb 2026US$21.7tUS$2.6tUS$517.1b30.3x42.1x8.3x
Tue, 06 Jan 2026US$22.5tUS$2.6tUS$506.7b31.9x44.5x8.7x
Thu, 04 Dec 2025US$22.7tUS$2.6tUS$496.7b30.6x45.7x8.8x
Sat, 01 Nov 2025US$23.9tUS$2.5tUS$469.0b30.2x50.9x9.5x
Mon, 29 Sep 2025US$22.2tUS$2.5tUS$437.8b31.3x50.6x9x
Wed, 27 Aug 2025US$20.8tUS$2.4tUS$418.9b29x49.6x8.5x
Fri, 25 Jul 2025US$20.5tUS$2.4tUS$394.2b28.3x51.9x8.6x
Sun, 22 Jun 2025US$18.7tUS$2.4tUS$391.4b27.2x47.9x7.9x
Tue, 20 May 2025US$18.1tUS$2.4tUS$385.4b26.6x47.1x7.7x
Thu, 17 Apr 2025US$15.5tUS$2.3tUS$386.6b24.8x40.2x6.7x
Sat, 15 Mar 2025US$16.1tUS$2.3tUS$386.3b26.6x41.6x6.9x
Mon, 10 Feb 2025US$18.2tUS$2.3tUS$372.2b33.2x48.8x7.9x
Wed, 08 Jan 2025US$18.9tUS$2.3tUS$366.9b32.9x51.5x8.4x
Fri, 06 Dec 2024US$18.8tUS$2.2tUS$361.2b33.3x52.1x8.4x
Sun, 03 Nov 2024US$17.2tUS$2.2tUS$353.4b29.7x48.8x7.7x
Tue, 01 Oct 2024US$17.3tUS$2.2tUS$378.0b30.1x45.7x8x
Thu, 29 Aug 2024US$16.9tUS$2.1tUS$367.6b29x46.1x7.9x
Sat, 27 Jul 2024US$16.2tUS$2.1tUS$361.7b31.6x44.7x7.7x
Mon, 24 Jun 2024US$16.9tUS$2.1tUS$360.5b30.4x46.8x8x
Wed, 22 May 2024US$15.1tUS$2.0tUS$337.3b29.7x44.8x7.4x
Fri, 19 Apr 2024US$13.9tUS$2.0tUS$328.5b27.8x42.3x6.8x
Sun, 17 Mar 2024US$14.5tUS$2.0tUS$325.3b27.9x44.7x7.1x
Tue, 13 Feb 2024US$14.5tUS$2.0tUS$308.4b27.3x47x7.1x
Thu, 11 Jan 2024US$13.2tUS$2.0tUS$292.0b26.1x45.3x6.5x
Sat, 09 Dec 2023US$12.8tUS$2.1tUS$293.2b25x43.6x6.2x
Mon, 06 Nov 2023US$11.8tUS$2.0tUS$279.2b23.1x42.4x5.8x
Wed, 04 Oct 2023US$11.6tUS$2.0tUS$269.9b24.5x43x5.7x
Fri, 01 Sep 2023US$12.2tUS$2.0tUS$272.0b24.6x45x6x
Price to Earnings Ratio

45x


Total Market Cap: US$12.2tTotal Earnings: US$272.0bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.8x202420252026
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 34.4x which is lower than its 3-year average PE of 44.8x.
  • The industry is trading close to its 3-year average PS ratio of 7.7x.
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 13% 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-1.55%
Tech-4.91%
Software0.70%
Tech Hardware-1.54%
IT-2.56%
Communications-5.75%
Semiconductors-8.63%
Electronic Equipment and Components-12.95%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 36.4x.
    • Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 14.3% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 53.5x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 29% 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 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
AAPL AppleUS$310.341.6%
+US$69.3b		36.6%PE35.1x
MSFT MicrosoftUS$487.311.4%
+US$51.7b		-3.4%PE27.1x
CRM SalesforceUS$209.069.5%
+US$14.8b		-15.7%PE21.3x
MRVL Marvell TechnologyUS$229.296.2%
+US$11.9b		208.8%PE79.6x
NOW ServiceNowUS$128.058.8%
+US$10.7b		-27.2%PE79.3x

Latest News

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Apple
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LRCX
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Lam Research
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AVGO
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Broadcom
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