California has long been a hub of economic success, and with the world’s recent AI explosion, America’s technology capital is ready to soar to even greater heights.
For the first time since 2014, the Golden State beat out Texas and New York to become home to the most Fortune 500 companies, with an impressive 57 companies within its borders. Texas and New York, which both tied for second, have 52 companies each.
Texas has proven to be tough competition in recent years, with companies like Tesla and pharmaceutical giant McKesson moving their headquarters to the Lone Star state to leverage its business-friendly policies like loose regulatory oversight and low taxes. So is New York, as America’s most populous city, remains the epicenter for banking and consulting firms.
Although five California-based companies dropped off the Fortune 500 list this year, the state beat out other competitors because nine companies headquartered there made the cut. Some newcomers include food delivery company DoorDash and real estate investment firm Prologis, cleaning product manufacturer Clorox, and software company Workday.
Fortune 500 companies based in California
Apple, Cupertino, California, No. 3
Alphabet, Mountain View, California, No. 8
Chevron, San Ramon, California, No. 15
Meta Platforms, Menlo Park, California, No. 30
Wells Fargo, San Francisco, California, No. 34
Walt Disney, Burbank, California, No. 47
Nvidia, Santa Clara, California, No. 65
TD Synnex, Fremont, California, No. 71
Cisco Systems, San Jose, California, No. 74
Intel, Santa Clara, California, No. 79
HP, Palo Alto, California, No. 82
Uber Technologies, San Francisco, California, No. 113
Qualcomm, San Francisco, California, No. 117
Broadcom, Palo Alto, California, No. 118
Salesforce, San Francisco, California, No. 123
Molina Healthcare, Long Beach, California, No. 128
Netflix, Los Gatos, California, No. 131
Visa, San Francisco, California, No. 135
PayPal Holdings, San Jose, California, No. 145
Amgen, Thousand Oaks, California, No. 151
Gilead Sciences, Foster City, California, No. 154
Applied Materials, Santa Clara, California, No. 158
PG&E, Oakland, California, No. 167
Live Nation Entertainment, Beverly Hills, California, No. 179
Advanced Micro Devices, Santa Clara, California, No. 181
Block, Oakland, California, No. 186
Ross Stores, Dublin, California, No. 201
Adobe, San Jose, California, No. 210
Lam Research, Fremont, California, No. 237
Sempra, San Diego, California, No. 246
Edison International, Rosemead, California, No. 250
Farmers Insurance Exchange, Woodland Hills, California, No. 273
Gap, San Francisco, California, No. 278
Pacific Life, Newport Beach, California, No. 282
Intuit, Mountain View, California, No. 297
Western Digital, San Jose, California, No. 334
KLA, Milpitas, California, No. 382
eBay, San Jose, California, No. 390
Airbnb, San Francisco, California, No. 396
Chipotle Mexican Grill, Newport Beach, California, No. 399
A-Mark Precious Metals, El Segundo, California, No. 421
Sanmina, San Jose, California, No. 433
DoorDash, San Francisco, California, No. 443
Equinix, Redwood City, California, No. 456
Prologis, San Francisco, California, No. 463
Skechers U.S.A., Manhattan Beach, California, No. 465
Franklin Resources, San Mateo, California, No. 468
Williams-Sonoma, San Francisco, California, No. 474
Clorox, Oakland, California, No. 485
Monster Beverage, Corona, California, No. 496
Super Micro Computer, San Jose, California, No. 498
Concentrix, Newark, California, No. 499
