Technology - Quarterly Revenue Analysis

Last updated 2024-11-21 03:46:53 (EST)

Quarterly Revenue Trend Analysis

Overall Quarterly Revenue Growth Trend of Technology Sector Companies.

Trend Chart of Adjusted Quarterly Revenue vs. Stock Price Trend Chart for Technology Sector ETF (XLK)

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Seasonally Adjusted Quarterly Revenue Growth Rate


QoQ Growth Rate of Revenue	3.3%
YoY Growth Rate of Revenue	26%

Correlation Analysis between Quarterly Revenue and Stock Price

Determine the correlation between the stock price of the Technology Sector ETF (XLK) and the seasonally adjusted overall quarterly revenue of Technology sector companies. If there is a moderate to high correlation, the overall seasonally adjusted quarterly revenue can be used to estimate whether the stock price is reasonable.

Scatter Plot of Seasonally Adjusted Quarterly Revenue vs. Stock Price for Technology Sector

Seasonally Adjusted Quarterly Revenue and stock price of Technology Sector show a High Correlation. The higher the correlation, the greater the reference value.

The Coefficient of Determination
between Seasonally Adjusted Quarterly Revenue and Stock Price

High Correlation 0.81

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Related Stocks

Related Technology sector stocks, along with their quarterly revenue growth rates (QoQ and YoY).

Ticker	Name	QoQ Growth Rate of Seasonally Adjusted Quarterly Revenue	YoY Growth Rate of Seasonally Adjusted Quarterly Revenue
IONQ	IonQ, Inc.	54.4%	102.1%
EA	Electronic Arts Inc.	36.7%	5.8%
FLEX	Flex Ltd.	34%	-12.4%
SMCI	Super Micro Computer, Inc.	21.1%	143%
ACIW	ACI Worldwide, Inc.	20.2%	24.4%
CRDO	Credo Technology Group Holding Ltd	19.4%	70.1%
INTU	Intuit Inc.	19.3%	17.4%
PTC	PTC Inc.	17.3%	14.6%
CDNS	Cadence Design Systems, Inc.	14.5%	18.8%
ASML	ASML Holding N.V.	14.3%	11.9%
OLED	Universal Display Corporation	14.3%	14.6%
DLB	Dolby Laboratories, Inc.	14.1%	4.9%
KLAC	KLA Corporation	14%	18.5%
STX	Seagate Technology Holdings plc	13.8%	49.1%
APP	AppLovin Corporation	13.3%	38.6%
GRMN	Garmin Ltd.	13.1%	24.1%
MPWR	Monolithic Power Systems, Inc.	12.3%	30.6%
ASTS	AST SpaceMobile, Inc.	12.1%	轉虧為盈%
MU	Micron Technology, Inc.	11.8%	93.3%
TER	Teradyne, Inc.	11.7%	5.4%
SPLK	Splunk Inc.	11.5%	18.8%
ONTO	Onto Innovation Inc.	11.2%	21.7%
FIS	Fidelity National Information Services, Inc.	10.8%	3.3%
AMKR	Amkor Technology, Inc.	10.6%	2.2%
YMM	Full Truck Alliance Co. Ltd.	10.5%	34.1%
JNPR	Juniper Networks, Inc.	10.1%	-4.8%
ORCL	Oracle Corporation	9.8%	6.9%
NVDA	NVIDIA Corporation	9.7%	93.6%
XM	Qualtrics International Inc.	9.7%	22.1%
QCOM	QUALCOMM Incorporated	9.6%	18.7%
JCOM	Ziff Davis, Inc.	9.4%	3.7%
GFS	GLOBALFOUNDRIES Inc.	9.2%	-6.1%
AFRM	Affirm Holdings, Inc.	9.1%	40.7%
SHOP	Shopify Inc.	9%	26.1%
LRCX	Lam Research Corporation	9%	19.7%
DSGX	The Descartes Systems Group Inc.	8.9%	13%
IOT	Samsara Inc.	8.8%	36.9%
VRNS	Varonis Systems, Inc.	8.6%	21.1%
KVYO	Klaviyo, Inc.	8.5%	33.7%
DUOL	Duolingo, Inc.	8%	39.9%
COHR	Coherent, Inc.	7.9%	28%
PLTR	Palantir Technologies Inc.	7.9%	30%
DDOG	Datadog, Inc.	7.9%	26%
NOW	ServiceNow, Inc.	7.6%	22.2%
HOOD	Robinhood Markets, Inc.	7.6%	36.4%
CWAN	Clearwater Analytics Holdings, Inc.	7.5%	22.4%
AMD	Advanced Micro Devices, Inc.	7.5%	17.6%
BILI	Bilibili Inc.	7.3%	15.5%
CRWD	CrowdStrike Holdings, Inc.	7.2%	31.7%
SNOW	Snowflake Inc.	7.1%	28.3%
AVGO	Broadcom Inc.	6.9%	47.3%
ZS	Zscaler, Inc.	6.9%	30.3%
RBLX	Roblox Corporation	6.8%	28.8%
MNDY	monday.com Ltd.	6.8%	32.7%
DELL	Dell Technologies Inc.	6.7%	9.1%
ANSS	ANSYS, Inc.	6.7%	31.2%
SPSC	SPS Commerce, Inc.	6.6%	20.7%
APH	Amphenol Corporation	6.6%	26.2%
JKHY	Jack Henry & Associates, Inc.	6.3%	5.2%
NET	Cloudflare, Inc.	6.3%	28.2%
MTSI	MACOM Technology Solutions Holdings, Inc.	6.2%	33.5%
TDY	Teledyne Technologies Incorporated	6.2%	2.9%
CFLT	Confluent, Inc.	6%	25%
MDB	MongoDB, Inc.	5.7%	12.8%
TTD	The Trade Desk, Inc.	5.3%	27.3%
GTLB	GitLab Inc.	5.3%	30.8%
SNX	TD SYNNEX Corporation	5.2%	5.2%
MSFT	Microsoft Corporation	5.2%	16%
WDC	Western Digital Corporation	5.2%	48.9%
CVLT	Commvault Systems, Inc.	5.2%	16.1%
SNPS	Synopsys, Inc.	5.1%	2.6%
CACI	CACI International Inc	5.1%	11.2%
ALTR	Altair Engineering Inc.	5.1%	13%
PLAN	Anaplan, Inc.	5%	30.3%
FTNT	Fortinet, Inc.	5%	13%
PAYC	Paycom Software, Inc.	4.9%	11.2%
HUBS	HubSpot, Inc.	4.9%	20.1%
ANET	Arista Networks, Inc.	4.9%	20%
ESTC	Elastic N.V.	4.8%	18.3%
VERX	Vertex, Inc.	4.8%	17.5%
SAIC	Science Applications International Corporation	4.8%	1.9%
CYBR	CyberArk Software Ltd.	4.8%	25.6%
GEN	Gen Digital Inc.	4.7%	2.7%
FLT	FLEETCOR Technologies, Inc.	4.5%	3.8%
TRMB	Trimble Inc.	4.5%	-8.5%
TEAM	Atlassian Corporation	4.4%	21.5%
ADI	Analog Devices, Inc.	4.4%	-24.8%
TOST	Toast, Inc.	4.4%	26.5%
DAY	Dayforce Inc	4.3%	16.6%
FFIV	F5, Inc.	4.3%	5.6%
DT	Dynatrace, Inc.	4.3%	18.9%
SQSP	Squarespace, Inc.	4.1%	19.9%
FN	Fabrinet	4.1%	17.3%
AMAT	Applied Materials, Inc.	4.1%	4.8%
EXLS	ExlService Holdings, Inc.	4%	14.9%
PANW	Palo Alto Networks, Inc.	3.9%	13.9%
APPF	AppFolio, Inc.	3.9%	24.4%
NTES	NetEase, Inc.	3.9%	-3.9%
COUP	Coupa Software Incorporated	3.8%	17%
MRVL	Marvell Technology, Inc.	3.8%	-5.1%
PCOR	Procore Technologies, Inc.	3.7%	19.4%
WIX	Wix.com Ltd.	3.6%	11.7%
WDAY	Workday, Inc.	3.4%	16.7%
NICE	NICE Ltd.	3.4%	14.7%
AKAM	Akamai Technologies, Inc.	3.3%	4.1%
KSPI	Joint Stock Company Kaspi.kz	3.2%	30.5%
MKSI	MKS Instruments, Inc.	3.1%	-3.9%
CTSH	Cognizant Technology Solutions Corporation	3.1%	3%
NTAP	NetApp, Inc.	3%	7.6%
ADBE	Adobe Inc.	3%	10.6%
ADSK	Autodesk, Inc.	3%	11.5%
NOVT	Novanta Inc.	2.9%	10.3%
ZBRA	Zebra Technologies Corporation	2.9%	31.3%
QTWO	Q2 Holdings, Inc.	2.7%	12.9%
TXN	Texas Instruments Incorporated	2.7%	-8.4%
SAP	SAP SE	2.7%	9.4%
GLOB	Globant S.A.	2.7%	12.7%
INFA	Informatica Inc.	2.5%	3.4%
UI	Ubiquiti Inc.	2.5%	18.8%
CSCO	Cisco Systems, Inc.	2.4%	-5.6%
SMAR	Smartsheet Inc.	2.4%	17.3%
DOCU	DocuSign, Inc.	2.3%	7%
ACN	Accenture plc	2.3%	2.6%
CLS	Celestica Inc.	2.3%	22.3%
CREE	Cree, Inc.	2.1%	-27.7%
LFUS	Littelfuse, Inc.	2.1%	-6.5%
INFY	Infosys Limited	2.1%	3.7%
G	Genpact Limited	2.1%	6.6%
U	Unity Software Inc.	2%	-18%
OTEX	Open Text Corporation	2%	-11%
TSM	Taiwan Semiconductor Manufacturing Company Limited	1.8%	39%
NTNX	Nutanix, Inc.	1.8%	10.9%
HPQ	HP Inc.	1.8%	2.4%
OKTA	Okta, Inc.	1.8%	16.2%
ERIC	Telefonaktiebolaget LM Ericsson (publ)	1.7%	-4.2%
GLW	Corning Incorporated	1.7%	6.9%
GDDY	GoDaddy Inc.	1.7%	7.2%
CHKP	Check Point Software Technologies Ltd.	1.6%	6.5%
AAPL	Apple Inc.	1.6%	6.1%
HCP	HashiCorp, Inc.	1.6%	15.3%
PSTG	Pure Storage, Inc.	1.5%	10.9%
LITE	Lumentum Holdings Inc.	1.4%	6.1%
EPAM	EPAM Systems, Inc.	1.4%	1.3%
HPE	Hewlett Packard Enterprise Company	1.3%	10.1%
BILL	Bill.com Holdings, Inc.	1.3%	17.5%
RBRK	Rubrik, Inc.	1.3%	35.2%
SSNC	SS&C Technologies Holdings, Inc.	1.3%	7.3%
GRAB	Grab Holdings Limited	1.2%	16.4%
PCTY	Paylocity Holding Corporation	1.2%	14.3%
COIN	Coinbase Global, Inc.	1.2%	67.4%
TYL	Tyler Technologies, Inc.	1.1%	9.8%
CCCS	CCC Intelligent Solutions Holdings Inc.	1%	7.8%
CRM	Salesforce, Inc.	1%	8.4%
WIT	Wipro Limited	0.9%	-1%
VRSN	VeriSign, Inc.	0.9%	3.8%
ATVI	Activision Blizzard, Inc.	0.9%	34.2%
LSCC	Lattice Semiconductor Corporation	0.8%	-33.9%
DOX	Amdocs Limited	0.8%	1.1%
S	SentinelOne, Inc.	0.7%	33.1%
SWKS	Skyworks Solutions, Inc.	0.7%	-15.9%
CIEN	Ciena Corporation	0.5%	-11.8%
IT	Gartner, Inc.	0.3%	5.4%
NEWR	New Relic, Inc.	0.2%	7%
VMW	VMware, Inc.	0.1%	2.2%
TEL	TE Connectivity Ltd.	-	0.8%
GIB	CGI Inc.	-0.1%	1.3%
CDW	CDW Corporation	-0.2%	-2%
MSTR	MicroStrategy Incorporated	-0.2%	-10.3%
CPAY	Corpay, Inc.	-0.3%	6%
ASX	ASE Technology Holding Co., Ltd.	-0.3%	3.9%
MSI	Motorola Solutions, Inc.	-0.3%	9.2%
MANH	Manhattan Associates, Inc.	-0.3%	11.8%
PATH	UiPath Inc.	-0.4%	10.1%
BR	Broadridge Financial Solutions, Inc.	-0.4%	-0.6%
ARW	Arrow Electronics, Inc.	-0.5%	-14.8%
IBM	International Business Machines Corporation	-0.6%	1.5%
DBX	Dropbox, Inc.	-0.6%	0.9%
SATS	EchoStar Corporation	-0.6%	842%
NXPI	NXP Semiconductors N.V.	-0.7%	-5.4%
SQ	Block, Inc.	-0.8%	6.4%
FICO	Fair Isaac Corporation	-0.9%	16.4%
ON	ON Semiconductor Corporation	-1.1%	-19.2%
UMC	United Microelectronics Corporation	-1.2%	0.9%
LDOS	Leidos Holdings, Inc.	-1.4%	6.9%
BSY	Bentley Systems, Incorporated	-1.6%	9.3%
VNT	Vontier Corporation	-1.6%	-2%
NOK	Nokia Oyj	-1.9%	-13.2%
QRVO	Qorvo, Inc.	-1.9%	-5.2%
JBL	Jabil Inc.	-2.1%	-17.7%
CGNX	Cognex Corporation	-2.1%	19%
PEGA	Pegasystems Inc.	-2.7%	-2.9%
NLOK	NortonLifeLock Inc.	-2.8%	1.6%
KD	Kyndryl Holdings, Inc.	-2.8%	-10.8%
CAJ	Canon Inc.	-2.9%	10.4%
INTC	Intel Corporation	-3.2%	-6.2%
ENTG	Entegris, Inc.	-3.2%	-9.1%
FTV	Fortive Corporation	-3.6%	2.7%
FI	Fiserv, Inc.	-3.6%	7%
FISV	Fiserv, Inc.	-3.6%	7%
UBER	Uber Technologies, Inc.	-4.2%	20.4%
WEX	WEX Inc.	-4.8%	2.2%
BMI	Badger Meter, Inc.	-4.8%	11.9%
LYFT	Lyft, Inc.	-5.2%	31.5%
IIVI	II-VI Incorporated	-6.1%	35.9%
CDAY	Dayforce Inc.	-6.5%	18.9%
ZM	Zoom Video Communications, Inc.	-6.6%	2.1%
STM	STMicroelectronics N.V.	-6.6%	-26.6%
QXO	QXO Inc	-7.7%	-2%
NATI	National Instruments Corporation	-7.8%	5.4%
MCHP	Microchip Technology Incorporated	-7.8%	-48.4%
SONY	Sony Group Corporation	-9%	2.7%
LOGI	Logitech International S.A.	-9.4%	5.6%
TTWO	Take-Two Interactive Software, Inc.	-12.2%	4.1%
GWRE	Guidewire Software, Inc.	-12.2%	8%
ARM	Arm Holdings plc American Depositary Shares	-19.6%	4.7%
AZPN	Aspen Technology, Inc.	-23.7%	-13.4%
BKI	Black Knight, Inc.	-25.7%	-28.9%
ALAB	Astera Labs, Inc. Common Stock	-43.1%	206.2%
BRKS	Brooks Automation, Inc.	-44.9%	-44.4%
ARBKL	Argo Blockchain plc 8.75% Senior Notes due 2026	-52.3%	-11.5%
KEYS	Keysight Technologies, Inc.	-99.4%	-99.4%
FOUR	Shift4 Payments, Inc.	-100%	-100%
NETE	Net Element, Inc.	-100%	-100%
AUR	Aurora Innovation, Inc.	-	-

Disclaimer

1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.

2. The information is not complete; for comprehensive data, please refer to the relevant websites.

3. All stock market data analyses are subject to survivorship bias.