undamentalytics Newsletter

Technology stocks

651 US-listed companies in the technology sector reported $3.70tn of revenue in their latest fiscal years. Apple Inc. is the largest, with $478.8bn. Among companies with at least $100m of revenue, the median grew 10.9% and kept 4.7% of revenue as net income.

Companies651
Combined revenue$3.70tn
Median revenue growth10.9%
Median net margin4.7%
Median return on equity7.3%

Largest technology companies

#CompanyRevenueGrowthNet marginROEFiscal year
1 Apple Inc.AAPL $478.8bn 15.1% 27.6% 142.3% 2026
2 Microsoft CorporationMSFT $331.8bn 17.8% 40.3% 34.0% 2026
3 BullishBLSH $244.8bn −2.2% −0.3% −27.3% 2025
4 NVIDIA CorporationNVDA $215.9bn 65.5% 55.6% 101.5% 2026
5 Micron TechnologyMU $133.2bn 256.3% 63.8% 88.3% 2026
6 Taiwan Semiconductor Manufacturing Co LTDTSM $122.4bn 35.8% 44.6% 36.4% 2025
7 Dell TechnologiesDELL $113.5bn 18.8% 5.2% — 2026
8 AccentureACN $74.2bn 6.5% 11.3% 26.7% 2026
9 IBMIBM $67.5bn 7.6% 15.7% 35.3% 2025
10 Oracle CorporationORCL $67.4bn 17.3% 25.4% 54.3% 2026
11 BroadcomAVGO $63.9bn 23.9% 36.2% 31.0% 2025
12 CiscoCSCO $63.3bn 11.8% 21.0% 27.3% 2026
13 TD Synnex CorpSNX $62.5bn 6.9% 1.3% 10.0% 2025
14 HP Inc.HPQ $55.3bn 3.2% 4.6% — 2025
15 IntelINTC $52.9bn −0.5% −0.5% −0.3% 2025
16 Ingram Micro Holding CorpINGM $52.6bn 9.5% 0.6% 8.2% 2025
17 QualcommQCOM $44.3bn 13.7% 12.5% 23.3% 2025
18 SAP SESAP $41.6bn 12.5% 19.5% 16.3% 2025
19 SalesforceCRM $41.5bn 9.6% 18.0% 12.4% 2026
20 SupermicroSMCI $39.1bn 77.8% 5.7% 21.5% 2026
21 Asml Holding NVASML $36.9bn 20.8% 29.4% 51.6% 2025
22 JabilJBL $36.0bn 20.6% 2.9% 66.7% 2026
23 Advanced Micro DevicesAMD $34.6bn 34.3% 12.5% 7.2% 2025
24 Hewlett Packard EnterpriseHPE $34.3bn 13.8% 0.2% 0.2% 2025
25 Arrow Electronics, Inc.ARW $30.9bn 10.5% 1.9% 9.3% 2025

Industries in technology

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.