Top 15 Computer Hardware Stocks
Marvin's rules rank 15 computer hardware companies above about $300 million in size. Sandisk, Western Digital and Arista Networks have the highest Overall scores compared with other companies in the industry.
Computer hardware is the industry of companies that build physical computing equipment, such as storage, servers, networking gear and personal devices. This list shows 15 of its larger companies, ordered by Marvin's Overall score.
The companies differ a lot. Some combine fast growth with wide margins and little debt. Others have thin margins, negative free cash flow, or too little data to judge. Each pick below gives the figures behind its score and one caution.
Keep in mind that Marvin's scores only compare each company with others in its industry today. They do not say what a stock will do next, and they are not a recommendation. Where a figure is missing, it is because the data was not available.
The list
How Marvin ranked these stocks
Marvin included companies above about $300 million in size and ranked them by Marvin scores, with the highest Overall score first. The scores run on a scale from low to high and are relative to each company's own industry, here Computer Hardware. A high score means a company looks strong next to its hardware peers, not necessarily next to every company in the market. The list was prepared as of 2026-10-26.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The Computer Hardware industry, highest Overall score first.
The stocks, one by one
Sandisk Corporation SNDK
Sandisk has the top Overall score, 96. Revenue grew 175.3% last fiscal year, the operating margin is 61.2%, and debt-to-equity is just 0.01. Caution: growth this large is an unusually big jump, so it says little about a typical year.
Western Digital Corporation WDC
Western Digital pairs growth of 35.7% with an operating margin of 34.5% and a free cash flow margin of 27.2%, while debt-to-equity is low at 0.13. Caution: its gross margin of 48.9% is thinner than several peers on this list.
Arista Networks, Inc. ANET
Arista Networks has the highest Quality score on the list, 96, backed by an operating margin of 43.1% and gross margin of 63.0%. Revenue grew 28.6%. Caution: its Opportunity score is only 67, and free cash flow and debt figures are unavailable.
Seagate Technology Holdings plc STX
Seagate grew revenue 34.1% and earned an operating margin of 33.6%. Return on equity is a very high 146.9%. Caution: debt-to-equity of 1.82 means it carries more debt than most companies here, which can also inflate return on equity.
NetApp, Inc. NTAP
NetApp has a strong gross margin of 70.6% and an operating margin of 25.0%, with return on equity of 94.8%. Caution: revenue growth was modest at 5.4%, and debt-to-equity of 1.69 is on the higher side.
Dell Technologies Inc. DELL
Dell Technologies grew revenue 18.8% last fiscal year and has an Opportunity score of 84. Caution: margins are slim, with an operating margin of 9.4% and gross margin of 19.8%. Return on equity and debt figures are not available.
Hewlett Packard Enterprise Company HPE
Hewlett Packard Enterprise grew revenue 13.8% and turned about 9.9% of sales into free cash flow, with debt-to-equity of 0.76. Caution: its operating margin is thin at 6.2%, return on equity is 10.5%, and gross margin data is missing.
Cricut, Inc. CRCT
Cricut has a gross margin of 57.9%, an operating margin of 15.5% and return on equity of 23.8%. Caution: revenue slipped, with growth of -0.5%, and free cash flow and debt figures are not available.
Super Micro Computer, Inc. SMCI
Super Micro Computer grew revenue 77.8% and has a high Opportunity score of 91. Caution: margins are slim, with a gross margin of 10.8% and operating margin of 7.1%, and free cash flow margin is negative at -17.8%.
HP Inc. HPQ
HP Inc. grew revenue 3.2%, a modest pace, and produced a free cash flow margin of 6.6%. Caution: profitability is thin, with an operating margin of 5.4% and gross margin of 19.9%. Return on equity and debt figures are unavailable.
Everpure, Inc. P
Everpure has a high gross margin of 69.7% and revenue growth of 15.6%. Caution: little of that reaches the bottom line, with an operating margin of 5.3% and free cash flow margin of 3.0%. Its Opportunity score is 35, and debt data is missing.
Corsair Gaming, Inc. CRSR
Corsair Gaming grew revenue 11.9%, has modest debt with debt-to-equity of 0.28, and a free cash flow margin of 6.2%. Caution: its operating margin is only 2.9% and return on equity is low at 5.5%.
IonQ, Inc. IONQ
IonQ's revenue grew 201.9%, the fastest growth on the list after Sandisk. Caution: it is far from profitable, with an operating margin of -408.2%, a free cash flow margin of -196.3% and return on equity of -41.0%.
Quantinuum Inc. Class A Common Stock QNT
Quantinuum has an Overall score of 44 and a Quality score of 40, with low debt-to-equity of 0.08. Caution: no growth, margin or return figures are available, so there is little detail behind its score.
Quantum Corporation QMCO
Quantum Corporation has the lowest Overall score here, held back by a Quality score of 9, though its Opportunity score is 58. Revenue grew only 2.0%. Caution: it is unprofitable, with an operating margin of -2.3% and free cash flow margin of -7.1%.
Common questions
What does the computer hardware industry include?
It covers companies that design and sell physical computing equipment, such as data storage, servers, networking equipment and personal computing devices. The companies on this list differ in what they sell and in how profitable they are.
Does a high Overall score mean I should buy the stock?
No. The Overall score only describes how a company compares with others in its industry today, based on quality and opportunity measures. It is not a prediction and not advice to buy, sell or hold.
Why are some figures missing for certain companies?
Some figures were not available for every company, so Marvin leaves them out instead of guessing. When a figure such as debt or free cash flow is missing, treat that part of the picture as unknown and check the company's own reports.
Keep reading
- Top 15 Technology Stocks by Marvin Opportunity Score
- Top 15 Technology Companies With the Strongest Businesses
- Top 20 Large-Cap Stocks Right Now, Ranked by Marvin Scores
- Top 15 Technology Stocks Right Now, Ranked by Marvin Scores
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.