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US Communication Equipment Stocks in 2026

Worldwide telecom equipment revenue rose 5% year-on-year in the first half of 2026, its xsixth straight quarter of growth, according to Dell’Oro Group, with cloud providers building AI data centres accounting for an estimated 55% of that growth. Demand for optical networking, high-end routing and AI back-end switching is reshaping the communication equipment industry.

List of US Communication Equipment Stocks in 2026

US Communication Equipment Stocks

Explore US communication equipment stocks involved in developing and manufacturing networking hardware, wireless equipment, communication systems and related technologies. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

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Showing 1 - 20 of 45 results

last updated at 2:30 AM IST 
NameUS Stocks (45)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE Ratio (TTM)PE Ratio (TTM)↓↓1M Return1M Return↓↓1D Return1D Return↓↓Return on EquityReturn on Equity↓↓PB RatioPB Ratio↓
1.Cisco Systems IncCSCOCommunication EquipmentCommunication Equipment4,39,125.314,39,125.31110.29110.2933.4533.453.133.13-1.50-1.5027.3227.328.648.64
2.Hewlett Packard Enterprise CoHPECommunication EquipmentCommunication Equipment80,762.9680,762.9658.8758.8731.3631.36-4.26-4.26-2.43-2.4310.9410.942.942.94
3.Motorola Solutions IncMSICommunication EquipmentCommunication Equipment80,034.4580,034.45492.08492.0838.0838.0810.3010.301.811.8191.5791.5730.0830.08
4.Lumentum Holdings IncLITECommunication EquipmentCommunication Equipment78,461.0678,461.06919.53919.53---5.54-5.540.710.71-240.03-240.0315.9615.96
5.Ciena CorpCIENCommunication EquipmentCommunication Equipment49,796.0649,796.06363.21363.2178.5678.562.342.34-3.88-3.8822.4022.4015.5815.58
6.Nokia Corp ADRNOKCommunication EquipmentCommunication Equipment49,771.9549,771.959.319.3155.5655.56-10.14-10.140.920.923.883.882.032.03
7.Ubiquiti Networks IncUICommunication EquipmentCommunication Equipment36,272.6236,272.62606.71606.7137.9937.998.478.470.830.8391.0991.0924.5624.56
8.Telefonaktiebolaget LM Ericsson B ADRERICCommunication EquipmentCommunication Equipment35,909.5735,909.5711.1411.1417.8717.8719.5319.530.720.7218.0918.093.173.17
9.Zebra Technologies CorporationZBRACommunication EquipmentCommunication Equipment18,057.0618,057.06377.38377.3834.9834.980.380.38-1.90-1.9015.2915.295.295.29
10.Ast Spacemobile IncASTSCommunication EquipmentCommunication Equipment16,329.4716,329.4742.3042.30---28.79-28.791.841.84-45.62-45.626.246.24
11.ViaSat IncVSATCommunication EquipmentCommunication Equipment9,684.239,684.2377.9977.99--12.8812.88-0.29-0.290.190.191.971.97
12.Viavi Solutions IncVIAVCommunication EquipmentCommunication Equipment8,189.218,189.2133.3233.32---20.33-20.33-3.32-3.32-2.73-2.735.415.41
13.Applied OptAAOICommunication EquipmentCommunication Equipment6,533.546,533.5482.2282.22---18.33-18.33-3.62-3.62-5.45-5.453.663.66
14.Belden IncBDCCommunication EquipmentCommunication Equipment4,168.084,168.08106.66106.6617.3417.34-2.37-2.370.700.7018.6418.643.033.03
15.Ondas Holdings Inc.ONDSCommunication EquipmentCommunication Equipment3,872.313,872.316.886.88---8.02-8.02-0.07-0.0719.3219.322.282.28
16.Extreme Networks IncEXTRCommunication EquipmentCommunication Equipment3,152.273,152.2723.5923.5972.2772.2711.9611.96-3.49-3.4954.6454.6433.8733.87
17.Digi International IncDGIICommunication EquipmentCommunication Equipment2,992.212,992.2178.2878.2862.5862.582.332.33-0.90-0.907.467.464.224.22
18.Telesat CorpTSATCommunication EquipmentCommunication Equipment2,410.632,410.6342.5242.52---7.18-7.18-6.47-6.47-72.97-72.972.532.53
19.Vistance Networks, Inc.VISNCommunication EquipmentCommunication Equipment1,512.911,512.916.696.6934.5334.5312.6312.630.220.224.314.310.580.58
20.Harmonic IncHLITCommunication EquipmentCommunication Equipment1,153.381,153.3810.8010.8040.6740.672.372.370.650.656.556.553.093.09
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape US Stock Screener and is subject to real-time updates.

Overviews of Top US Communication Equipment Stocks

Cisco Systems Inc

Cisco Systems is the world's largest networking equipment company, selling switches, routers, wireless access points, optical systems and silicon, alongside cybersecurity, collaboration (Webex) and observability software, including Splunk, which it acquired in 2024. Founded in 1984 by Leonard Bosack and Sandy Lerner and headquartered in San Jose, California, Cisco reported Q4 fiscal 2026 revenue of $17.25 bn in August 2026, up 18%, with networking product orders up 40%.

Motorola Solutions Inc

Motorola Solutions provides mission-critical communication equipment and software for police, fire, emergency services, governments and enterprises. Its offering includes land mobile radio (LMR) devices and networks, command centre software, and video security and access control systems.

Hewlett Packard Enterprise Co

Hewlett Packard Enterprise (HPE) provides networking, servers, storage, AI systems and hybrid cloud services to businesses and governments. Its networking portfolio spans the Aruba and Juniper Networks brands, covering campus and branch networking, data centre switching, routing and AI-native network management. HPE was formed in 2015 through the separation of Hewlett-Packard, founded in 1939, and completed its acquisition of Juniper Networks in July 2025.

Lumentum Holdings Inc

Lumentum Holdings designs and manufactures optical and photonic products, including lasers, optical transceivers, optical circuit switches and components used in cloud and AI data centres, telecom networks and industrial applications. The company was spun off from JDS Uniphase in 2015 and is headquartered in San Jose, California.

Nokia Corp ADR

Nokia is a Finnish telecom equipment and network technology company that supplies IP routing, optical networking, fixed broadband, mobile radio and core network products to telecom operators, cloud providers and enterprises, and licenses its patent portfolio. Founded in 1865 and headquartered in Espoo, Finland, Nokia trades in the US as ADRs on the NYSE and acquired optical networking company Infinera in 2025.

What are US Communication Equipment Stocks?

US communication equipment stocks are shares of US-listed companies that design and manufacture the hardware, components and software used to transmit voice, video and data. This includes network switches and routers, optical transport systems, mobile radio access networks, two-way radios, satellite terminals and the optical components inside them. Every communication system, from a mobile network to an AI data centre or a public safety radio network, relies on this equipment. The category includes networking vendors, telecom equipment makers, optical component suppliers and mission-critical communication providers. You can also explore US Telecom Stocks and US Tech Stocks on Tickertape.

How to Evaluate and Invest in US Communication Equipment Sector Stocks?

Here's how to invest in the US Communication Equipment stock market from India, step by step:

  1. Log in or Create an Account: Visit Tickertape US Stocks and log in to your account. Create an account if you have not registered yet and complete the US investing account-opening process.
  2. Search for Communication Equipment Stocks: Use the Tickertape US Stock Screener and select 'Communication Equipment' under the Technology sector filter to build a communication equipment list.
  3. Analyse the Stocks: Each stock page provides information such as the live market price, 52-week range, financial performance, peer comparison and recent news.
  4. Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
  5. Place Your Order: Select the Communication Equipment stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Communication Equipment Stocks for Indian Investors

The tax treatment of US communication equipment stocks generally depends on the holding period, the investor's applicable income tax rate, and withholding rules on dividend income.

Income / Action Holding Period / Condition Tax Rate in the US Tax Rate in India
Long-Term Capital Gains (LTCG) Held for > 24 months 0% (Taxed only in India under DTAA) 12.5% (+ applicable surcharge & cess)
Short-Term Capital Gains (STCG) Held for < 24 months 0% (Taxed only in India under DTAA) Taxed as per your applicable income slab rate

Benefits of Investing in US Communication Equipment Stocks

Market Recovery

Worldwide telecom equipment revenue grew 5% in the first half of 2026 after a 14% decline between 2022 and 2024, and Dell’Oro Group raised its 2026 growth forecast to 3%-5%.

Exposure to AI Infrastructure

AI back-end network switch sales surpassed front-end data centre switch sales for the first time in Q2 2026, according to Dell’Oro, linking communication equipment companies directly to AI data centre spending.

Recurring Revenue

Many communication equipment companies sell software subscriptions, support contracts and managed services alongside hardware, providing more predictable revenue over the life of a network.

Diverse End Markets

The sector serves cloud providers, telecom operators, enterprises, governments and public safety agencies, and almost every communication system needs regular upgrades, so demand is spread across several different spending cycles.

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Risks of Investing in Communication Equipment Stocks

Cyclical Telecom Spending

Telecom operator capex moves in cycles. The telecom equipment market fell 14% between 2022 and 2024, and segments such as RAN, mobile core and broadband access were roughly flat in the first half of 2026.

Customer Concentration

A large share of growth now comes from a small number of hyperscale cloud providers. Changes in their AI capex plans can quickly affect orders for communication equipment companies.

Component Costs and Supply

Rising memory and component costs were flagged by Dell’Oro as a concern for the second half of 2026, and AI networking supply is expected to stay constrained for one to two years.

Competition and Geopolitics

Chinese vendors remain major global suppliers, and trade restrictions, tariffs and export controls, along with security reviews of communication system suppliers, can affect pricing, supply chains and access to certain markets.

Factors That Influence US Communication Equipment Stocks’ Performance

Capex Cycles

Spending plans of cloud providers, telecom operators and enterprises drive equipment orders. Guidance on data centre and network capex is closely tracked across the communication equipment industry.

Product Orders and Backlog

Order growth, book-to-bill ratios and backlog indicate future revenue. A large backlog can provide visibility, while slowing orders may signal weaker demand ahead.

Technology Transitions

Shifts such as 400G to 800G and 1.6T optics, Wi-Fi 7 and new routing platforms can drive upgrade cycles and change market share among vendors.

Software and Margin Mix

A higher share of software and services generally supports gross margins, while hardware-heavy revenue is more exposed to component costs and pricing pressure.

Key Growth Drivers for Communication Equipment Stocks

AI Data Centre Networking

Cloud providers accounted for an estimated 55% of telecom equipment revenue growth in the first half of 2026, as per Dell’Oro, as AI clusters require high-capacity switching and optical interconnects.

Faster Optics

800 Gbps switches made up the majority of AI back-end Ethernet shipments in Q2 2026, and 1.6 Tbps products began sampling, supporting demand for higher-speed transceivers and optical components.

Optical and Routing Upgrades

Optical transport grew at a double-digit pace in the first half of 2026, while high-end routing also expanded, as operators and cloud providers upgrade the networks that connect data centres.

Public Safety and Defence

Governments continue to invest in secure radio networks, command centre software, video security and counter-drone technology, supporting long-term contracts for mission-critical communication system providers.

How to Track the Best US Communication Equipment Stocks from India on Tickertape?

You can track US Communication Equipment stocks and ETFs from India on Tickertape's US Stocks & ETFs platform.

  1. Log in: Visit Tickertape and sign in to your account.
  2. Search Communication Equipment stocks: Look up networking, telecom equipment and optical companies, or explore technology and telecom-focused ETFs.
  3. Use the screener: Filter US stocks and ETFs by the 'Communication Equipment' sub-sector.
  4. Compare metrics: Review live prices, market capitalisation, returns, valuation ratios, profitability, financial health, risk indicators and ETF holdings.
  5. Create a watchlist: Add selected communication equipment companies and ETFs to monitor their prices, financial performance and company developments over time.

Conclusion

US communication equipment stocks span enterprise and data centre networking vendors, telecom equipment makers, optical networking and component suppliers, mission-critical communication providers and satellite and wireless companies, all operating in a 2026 environment shaped by AI data centre build-outs and a recovery in telecom equipment spending. Sector performance is influenced by capex cycles, product orders and backlog, technology transitions, and software and margin mix. Cyclical telecom spending, customer concentration, component costs and supply constraints, and competition and geopolitics are among the factors worth weighing when evaluating this sector. Investors looking to analyse communication equipment companies or build a communication equipment list can use the Tickertape US Stock Screener to compare stocks using 60+ unique filters and custom filters across valuation, profitability, growth, financial health and other key metrics.

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    Frequently Asked Questions About Communication Equipment Stocks

    1. What are US Communication Equipment stocks?

      US communication equipment stocks are shares of US-listed companies that make the hardware, components and software used to carry voice, video and data across networks. This includes networking switches and routers, telecom equipment, optical components, two-way radios and satellite communication products.

    2. Who are the top 5 Communication Equipment companies?

      As of 28th October 2026, the top 5 communication equipment companies in the US by market capitalisation are:
      1. Cisco Systems Inc
      2. Motorola Solutions Inc
      3. Hewlett Packard Enterprise Co
      4. Lumentum Holdings Inc
      5. Nokia Corp ADR


      Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

    3. What is the outlook for US Communication Equipment stocks?

      The outlook is supported by AI data centre investment and a recovery in telecom equipment spending. Dell'Oro Group expects worldwide telecom equipment revenue to grow 3%-5% in 2026, with optical transport, high-end routing and AI back-end switching leading growth, while mobile and broadband access segments remain broadly flat.

      Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

    4. Are US Communication Equipment stocks risky for Indian investors?

      Like any technology investment, US communication equipment stocks carry risks including cyclical capex, customer concentration, component cost pressure, supply constraints and geopolitical restrictions. Indian investors should also factor in currency movement between the rupee and the US dollar.

    5. How can I compare US Communication Equipment stocks on Tickertape?

      You can use the Tickertape US Stock Screener and select the ‘Communication Equipment’ sub-sector to view a communication equipment list, then compare companies across valuation, profitability, growth, financial health and other metrics, and create a watchlist to track your shortlisted companies.

    6. Can beginners invest in US Communication Equipment stocks?

      Yes, beginners can invest in US communication equipment stocks from India through platforms like Tickertape, which allow fractional-share investing starting with a small amount. This makes it possible to build exposure gradually rather than committing a large sum to a single company.

      Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

    7. What is the difference between telecom equipment and communication equipment?

      Telecom equipment usually refers to the gear telecom operators use to run their networks, such as radio access, core network, routing and broadband access systems. Communication equipment is a broader term that also covers enterprise and data centre networking, optical components, two-way radios and any communication system used by businesses, governments or consumers.

    8. How to invest in US Communication Equipment stocks from India?

      Investors in India can access US Communication Equipment stocks through Tickertape. The process generally involves:
      1. Create an account: Open a US investing account on Tickertape.
      2. Explore Communication Equipment stocks: Compare companies across networking, telecom equipment, optical and mission-critical communication categories.
      3. Complete KYC: Verify your identity and submit the required documents.
      4. Link a bank account: Connect an eligible bank account for LRS remittances.
      5. Add funds: Transfer money to your US investing account.
      6. Place an order: Select a Communication Equipment stock and place an order, including fractional orders where available.

    9. What are the advantages of investing in US Communication Equipment stocks?

      Advantages include exposure to AI data centre networking, a recovering telecom equipment market, recurring software and service revenue, and diversified demand from cloud providers, telecom operators, enterprises and governments.

      Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

    10. What is the difference between individual US Communication Equipment stocks and Communication Equipment-focused ETFs?

      Individual stocks give targeted exposure to a specific company’s products, customers and technology position, while a technology, telecom or networking-focused ETF spreads investment across many communication equipment companies and related sectors. This can reduce single-stock risk but also dilutes exposure to any one company.

    11. What metrics are commonly used to evaluate US Communication Equipment stocks?

      Commonly used metrics include revenue growth, product order growth, backlog, gross and operating margins, share of software and recurring revenue, price-to-earnings (P/E) ratio, EV/EBITDA, R&D spending and free cash flow.

      Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

    12. Do US Communication Equipment stocks pay dividends?

      Some do. Several large and established communication equipment companies pay regular quarterly or annual dividends and buy back shares, while faster-growing companies often reinvest cash in R&D and capacity instead. Dividend policies depend on each company's capital allocation priorities and financial position.

      Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

    Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.