CONFIG_HW_PERF_EVENTS is not available for thedefaultarchitecture x86.
Result is shown for architecture sh

Enable hardware performance counter support for perf events

modulename: pmu.ko

and/or

perf_event_mipsxx.ko

and/or

perf_event.ko

configname: CONFIG_HW_PERF_EVENTS

Linux Kernel Configuration
└─>Kernel features
└─>Enable hardware performance counter support for perf events
In linux kernel since version 2.6.34 (release Date: 2010-05-16)  
Enable hardware performance counter support for perf events. If
disabled, perf events will use software events only.

source code:
depends
CONFIG_CPU_HAS_PMU
CONFIG_PERF_EVENTS