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Top Technology Stocks by Revenue

Top technology companies ranked by revenue, latest annual filings.

What Revenue Means for Technology Companies

Revenue sits at the top of the income statement, the raw dollars booked from selling goods and services before any costs come out. In technology, the figure tends to reflect subscription renewals, license sales, and cloud consumption rather than discrete unit shipments, which gives the trajectory a smoother shape and makes recurring revenue quality, not just total size, a central part of how the market reads the number.

Why It Matters in Technology

Tech firms often trade on revenue multiples because operating leverage compounds once a platform is built: each additional subscription costs little to serve. That is why scale itself carries strategic weight in this sector. Still, revenue alone says nothing about customer acquisition cost or retention, and a rapidly expanding top line paired with widening losses describes a different business than the same revenue with healthy unit economics underneath.

What to Read Alongside

Pair revenue with Gross Margin to gauge pricing power and separate software economics from services, Free Cash Flow to see whether top-line growth converts into real cash, and R&D Spending to weigh reinvestment intensity behind the franchise.

Data as of FY 2025 100 companies Rhea AI
# Symbol Company Sector
1 AAPL Apple Inc. Technology $478.83B $4.98T
2 MSFT Microsoft Corporation Technology $331.84B $3.94T
3 NVDA NVIDIA Corporation Technology $215.94B $4.51T
4 MU Micron Technology, Inc. Technology $133.19B $780.68B
5 TSM Taiwan Semiconductor Manufacturing Company Limited Technology $121.42B $1.95T
6 DELL Dell Technologies Inc. Technology $113.54B $208.96B
7 SONY Sony Group Corporation Technology $78.45B $157.68B
8 ACN Accenture plc Technology $74.18B $153.89B
9 IBM International Business Machines Corporation Technology $67.53B $231.55B
10 ORCL Oracle Corporation Technology $67.36B $361.97B
11 AVGO Broadcom Inc. Technology $63.89B $1.40T
12 CSCO Cisco Systems, Inc. Technology $63.33B $370.01B
13 SNX TD SYNNEX Corporation Technology $62.51B $17.45B
14 HPQ HP Inc. Technology $55.30B $25.66B
15 INTC Intel Corporation Technology $52.85B $299.13B
16 INGM Ingram Micro Holding Corporation Technology $52.56B $5.83B
17 UBER Uber Technologies, Inc. Technology $52.02B $140.05B
18 SAP SAP SE Technology $43.19B $269.45B
19 QCOM QUALCOMM Incorporated Technology $43.12B $176.99B
20 CRM Salesforce, Inc. Technology $41.52B $175.83B
21 SMCI Super Micro Computer, Inc. Technology $39.06B $18.89B
22 ASML ASML Holding N.V. Technology $38.34B $549.12B
23 JBL Jabil Inc. Technology $35.95B $24.62B
24 AMD Advanced Micro Devices, Inc. Technology $34.64B $736.46B
25 HPE Hewlett Packard Enterprise Company Technology $34.30B $59.43B
26 ARW Arrow Electronics, Inc. Technology $30.85B $9.22B
27 AMAT Applied Materials, Inc. Technology $28.37B $264.04B
28 FLEX Flex Ltd. Technology $27.91B $25.78B
29 AVT Avnet, Inc. Technology $27.63B $6.52B
30 ERIC Telefonaktiebolaget LM Ericsson (publ) Technology $25.66B $33.25B
31 XYZ Block, Inc. Technology $24.19B $51.67B
32 ADBE Adobe Inc. Technology $23.77B $93.14B
33 NOK Nokia Oyj Technology $23.34B $42.89B
34 LRCX Lam Research Corporation Technology $23.23B $250.84B
35 APH Amphenol Corporation Technology $23.09B $184.18B
36 CDW CDW Corporation Technology $22.42B $19.60B
37 ADP Automatic Data Processing, Inc. Technology $21.95B $119.75B
38 INTU Intuit Inc. Technology $21.45B $91.26B
39 CTSH Cognizant Technology Solutions Corporation Technology $21.11B $28.93B
40 ASX ASE Technology Holding Co., Ltd. Technology $20.57B $69.83B
41 SNDK Sandisk Corporation Technology $20.25B $118.82B
42 INFY Infosys Limited Technology $20.16B $50.63B
43 LPL LG Display Co., Ltd. Technology $17.87B $2.54B
44 TXN Texas Instruments Incorporated Technology $17.68B $253.58B
45 TEL TE Connectivity plc Technology $17.26B $59.52B
46 LDOS Leidos Holdings, Inc. Technology $17.17B $16.19B
47 GLW Corning Incorporated Technology $15.63B $91.42B
48 KD Kyndryl Holdings, Inc. Technology $15.09B $3.55B
49 KLAC KLA Corporation Technology $13.58B $180.45B
50 NOW ServiceNow, Inc. Technology $13.28B $105.84B
51 WDC Western Digital Corporation Technology $12.92B $98.74B
52 DXC DXC Technology Company Technology $12.64B $2.31B
53 CLS Celestica Inc. Technology $12.39B $26.06B
54 NXPI NXP Semiconductors N.V. Technology $12.27B $62.58B
55 STX Seagate Technology Holdings plc Technology $12.20B $105.83B
56 STM STMicroelectronics N.V. Technology $11.80B $37.30B
57 MSI Motorola Solutions, Inc. Technology $11.68B $85.07B
58 SHOP Shopify Inc. Technology $11.56B $191.58B
59 PANW Palo Alto Networks, Inc. Technology $11.48B $256.86B
60 ADI Analog Devices, Inc. Technology $11.02B $176.17B
61 FIS Fidelity National Information Services, Inc. Technology $10.68B $14.81B
62 WIT Wipro Limited Technology $9.87B $21.37B
63 CNXC Concentrix Corporation Technology $9.83B $1.85B
64 CACI CACI International Inc Technology $9.57B $13.51B
65 WDAY Workday, Inc. Technology $9.55B $46.49B
66 ANET Arista Networks, Inc. Technology $9.01B $215.79B
67 NSIT Insight Enterprises, Inc. Technology $8.25B $4.64B
68 MRVL Marvell Technology, Inc. Technology $8.19B $127.05B
69 SANM Sanmina Corporation Technology $8.13B $7.22B
70 ROP Roper Technologies, Inc. Technology $7.90B $47.20B
71 UMC United Microelectronics Corporation Technology $7.57B $34.73B
72 BR Broadridge Financial Solutions, Inc. Technology $7.48B $21.54B
73 SAIC Science Applications International Corporation Technology $7.26B $6.13B
74 GRMN Garmin Ltd. Technology $7.25B $55.03B
75 ADSK Autodesk, Inc. Technology $7.21B $54.70B
76 COHR Coherent Corp. Technology $7.12B $37.98B
77 SNPS Synopsys, Inc. Technology $7.05B $86.32B
78 FTNT Fortinet, Inc. Technology $6.80B $87.31B
79 GFS GLOBALFOUNDRIES Inc. Technology $6.79B $21.53B
80 AMKR Amkor Technology, Inc. Technology $6.71B $8.13B
81 TEAM Atlassian Corporation Technology $6.57B $38.90B
82 PAYX Paychex, Inc. Technology $6.51B $41.67B
83 IT Gartner, Inc. Technology $6.50B $11.99B
84 PSN Parsons Corporation Technology $6.36B $5.16B
85 LYFT Lyft, Inc. Technology $6.32B $6.47B
86 SSNC SS&C Technologies Holdings, Inc. Technology $6.27B $18.24B
87 NTAP NetApp, Inc. Technology $6.24B $33.23B
88 TOST Toast, Inc. Technology $6.15B $20.14B
89 TDY Teledyne Technologies Incorporated Technology $6.12B $28.68B
90 ON ON Semiconductor Corporation Technology $6.00B $24.65B
91 CSIQ Canadian Solar Inc. Technology $5.60B $755.01M
92 EPAM EPAM Systems, Inc. Technology $5.46B $8.22B
93 ZBRA Zebra Technologies Corporation Technology $5.40B $15.16B
94 KEYS Keysight Technologies, Inc. Technology $5.38B $46.33B
95 CDNS Cadence Design Systems, Inc. Technology $5.30B $87.78B
96 OTEX Open Text Corporation Technology $5.25B $6.02B
97 FSLR First Solar, Inc. Technology $5.22B $21.62B
98 CRWV CoreWeave, Inc. Technology $5.13B $25.59B
99 G Genpact Limited Technology $5.08B $7.07B
100 TWLO Twilio Inc. Technology $5.07B $31.26B

How this ranking is built

Companies are ranked by revenue as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.

  • Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
  • Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
  • Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
  • Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
  • Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
  • Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
  • Market cap: stated at each company's latest close, which is newer than the annual figure ranked here.
  • Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).

Not financial advice. This is a research tool, not a recommendation.

Frequently asked questions

Why do technology investors focus so much on recurring revenue?

Recurring revenue from subscriptions, licenses, and cloud contracts is more predictable than one-time product sales, which reduces forecasting risk and tends to support higher valuation multiples. Investors often look beyond headline revenue to understand what share is contracted, how long customers typically stay, and how revenue per customer is trending. A top line dominated by recurring streams with high retention looks very different from the same revenue driven by episodic deals that must be re-won each year.

Does high revenue growth mean a tech company will eventually be profitable?

Not automatically. The platform economics that make software attractive at scale only materialize if the business can hold gross margins, control customer acquisition costs, and keep churn low as it grows. Some fast-growing tech firms reach strong operating leverage; others discover that their growth was subsidized by discounts or heavy sales spending that cannot taper without stalling revenue. Reading revenue alongside margin trends and cash flow is the honest way to tell these paths apart.

How does revenue scale translate into competitive advantage in technology?

Large revenue bases typically fund larger research and development budgets, broader sales coverage, and more data to improve products, which can reinforce a platform advantage over time. Network effects and switching costs compound as the installed base grows. That said, scale can also breed complacency, and smaller focused firms sometimes disrupt incumbents by serving a niche better. Revenue is evidence of past success, not a promise of future dominance.