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Industry-level sentiment and macro signals, built from public earnings calls. Part of the Technology sector.
Showing calendar 2026 Q2Free· the newest quarter (2026 Q3) is Pro.
Industry Sentiment Index · Calendar 2026 Q2
As of 2026 Q2, the Tellvest aggregate earnings-call sentiment for the Business & Consumer Application Software industry is 8.4/10 across 24 companies.
2024 Q4–2026 Q2. Each earlier point averages the available scores of this quarter’s 24-company panel in that quarter; companies without a score in an earlier quarter don’t contribute, so the number behind each point can vary.
Earnings-call analysis · calendar 2026 Q2
What management and analysts said on calls mapped to this calendar quarter.
The industry average barely moved, 8.29 to 8.38, but half of the 24 companies changed score, and the two biggest drops came from companies that held or raised their outlooks. PTC (PTC) fell from 9 to 4 in the same quarter it lifted the midpoint of full-year ARR growth guidance to 9.25%. Its fiscal Q3 GAAP revenue fell 6.82% to $600 million because the Kepware and ThingWorx divestiture removed those businesses from the current period while the prior year still carried them. The score follows that reported decline; constant currency ARR, which excludes the divested units, grew 9.1% to $2.448 billion. Tyler Technologies (TYL) went from 8 to 5 even though five of its seven themes were positive, led by record SaaS and total bookings and 21.7% SaaS revenue growth. The stored scoring rests on 8.22% GAAP revenue growth and an unchanged full-year outlook with no guidance adjustment, and the CFO said unquantified one-time items pulled second-quarter margins down.
Market context
Public price data. It covers the trailing year to the latest close, not calendar 2026 Q2.
Method
A composite score derived from averaging overall earnings sentiment across all analyzed companies in this industry for the selected calendar quarter. Score is 0–10 (10 = most positive).
| Signal | Companies | Direction breakdown |
|---|---|---|
| AI & Tech | 21 | 21 |
| Enterprise Spending | 16 | 1132 |
| Labor Market | 8 | 1412 |
| FX | 6 | 222 |
| Consumer Demand | 5 | 221 |
| CAPEX | 4 | 4 |
| Inflation | 3 | 12 |
| Credit | 3 | 111 |
| Company | Sentiment |
|---|---|
| SNOW Snowflake Inc. | 10/10 |
| TEAM Atlassian | 10/10 |
| DDOG Datadog | 10/10 |
| ADSK Autodesk | 10/10 |
| CHYM Chime Financial, Inc. Class A Common Stock | 9/10 |
| FICO Fair Isaac | 9/10 |
| FIG Figma, Inc. | 9/10 |
| ADBE Adobe Inc. | 9/10 |
| INTU Intuit | 9/10 |
| DUOL Duolingo, Inc. | 9/10 |
| U Unity Software Inc. | 9/10 |
| SHOP Shopify | 9/10 |
| SOUN SoundHound AI, Inc. | 9/10 |
| WDAY Workday, Inc. | 9/10 |
| CRM Salesforce, Inc. | 9/10 |
| CDNS Cadence Design Systems | 9/10 |
| NOW ServiceNow | 8/10 |
| UBER Uber | 8/10 |
| ROP Roper Technologies | 8/10 |
| PAYX Paychex | 7/10 |
| ADP ADP | 7/10 |
| MSTR MicroStrategy Inc. | 6/10 |
| TYL Tyler Technologies | 5/10 |
| PTC PTC Inc. | 4/10 |
% change over the trailing year, log scale. 1Y and YTD are each name’s own price return. Equal-weight: average of every full-history member, weighted equally, not rebalanced.