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U.S. Tech Sector Analysis

UpdatedMay 05, 2026
DataAggregated Company Financials
Companies979
  • 7D0.4%
  • 3M14.0%
  • 1Y48.3%
  • YTD8.8%

Over the last 7 days, the Tech industry has remained flat, although notably NVIDIA declined by 6.9%. The past year has been better, since the industry has gained 48% in that time. 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
Tue, 05 May 2026US$24.4tUS$2.8tUS$572.4b33x42.7x8.9x
Thu, 02 Apr 2026US$20.5tUS$2.7tUS$555.3b30.2x36.8x7.6x
Sat, 28 Feb 2026US$21.7tUS$2.7tUS$542.4b29.8x40x8.1x
Mon, 26 Jan 2026US$22.2tUS$2.6tUS$500.5b31.1x44.3x8.7x
Wed, 24 Dec 2025US$22.8tUS$2.6tUS$506.9b30.8x45x8.8x
Fri, 21 Nov 2025US$22.2tUS$2.6tUS$492.3b28.2x45.1x8.7x
Sun, 19 Oct 2025US$22.6tUS$2.5tUS$439.1b31.2x51.6x9.1x
Tue, 16 Sep 2025US$21.8tUS$2.5tUS$435.6b29.7x49.9x8.8x
Thu, 14 Aug 2025US$21.3tUS$2.4tUS$420.1b29.6x50.8x8.8x
Sat, 12 Jul 2025US$20.2tUS$2.4tUS$393.2b29.4x51.4x8.5x
Mon, 09 Jun 2025US$18.6tUS$2.4tUS$391.8b27.9x47.4x7.8x
Wed, 07 May 2025US$16.6tUS$2.3tUS$385.5b25.8x43x7.1x
Fri, 04 Apr 2025US$15.6tUS$2.3tUS$386.8b25.6x40.4x6.7x
Sun, 02 Mar 2025US$17.6tUS$2.3tUS$378.4b29.7x46.5x7.6x
Tue, 28 Jan 2025US$18.1tUS$2.3tUS$365.6b34x49.5x8x
Thu, 26 Dec 2024US$19.0tUS$2.3tUS$366.9b32.5x51.7x8.4x
Sat, 23 Nov 2024US$18.1tUS$2.3tUS$361.1b32.9x50.2x8.1x
Mon, 21 Oct 2024US$17.8tUS$2.2tUS$378.2b30.3x47x8.2x
Wed, 18 Sep 2024US$16.6tUS$2.2tUS$375.5b28.4x44.3x7.7x
Fri, 16 Aug 2024US$16.3tUS$2.1tUS$367.8b28.6x44.4x7.6x
Sun, 14 Jul 2024US$17.6tUS$2.1tUS$363.1b30.6x48.4x8.3x
Tue, 11 Jun 2024US$15.7tUS$2.1tUS$351.2b29.5x44.7x7.6x
Thu, 09 May 2024US$14.5tUS$2.0tUS$336.6b29.8x43x7.1x
Sat, 06 Apr 2024US$14.5tUS$2.0tUS$328.6b28.3x44x7.1x
Mon, 04 Mar 2024US$14.8tUS$2.0tUS$327.4b28.2x45.3x7.3x
Wed, 31 Jan 2024US$14.2tUS$2.1tUS$296.1b26.6x48.1x6.9x
Fri, 29 Dec 2023US$13.5tUS$2.1tUS$292.5b26.4x46x6.6x
Sun, 26 Nov 2023US$12.7tUS$2.0tUS$290.1b25x43.8x6.2x
Tue, 24 Oct 2023US$11.4tUS$2.0tUS$269.7b23.6x42.3x5.6x
Thu, 21 Sep 2023US$11.6tUS$2.0tUS$272.9b24x42.5x5.7x
Sat, 19 Aug 2023US$11.4tUS$2.0tUS$264.3b24.5x43.2x5.6x
Mon, 17 Jul 2023US$12.2tUS$2.0tUS$257.8b25x47.5x6x
Wed, 14 Jun 2023US$11.8tUS$2.0tUS$264.2b24.9x44.6x5.8x
Fri, 12 May 2023US$10.4tUS$2.0tUS$261.4b23x39.7x5.1x
Price to Earnings Ratio

39.7x


Total Market Cap: US$10.4tTotal Earnings: US$261.4bTotal 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 7.4x 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 Market0.58%
Tech0.36%
Communications4.03%
Tech Hardware3.69%
IT3.58%
Software0.097%
Electronic Equipment and Components-0.89%
Semiconductors-1.27%
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 26.0%, which is higher than its past year's earnings growth of 8.1% 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 8.1% 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$276.832.3%
+US$91.6b		39.5%PE33.2x
AVGO BroadcomUS$416.504.2%
+US$78.9b		108.2%PE79x
MU Micron TechnologyUS$576.459.9%
+US$58.5b		616.8%PE27x
INTC IntelUS$95.7812.7%
+US$54.2b		372.5%PS9x
STX Seagate Technology HoldingsUS$738.5427.5%
+US$35.9b		686.5%PE69.6x

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