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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 Computer Hardware industry is 8.4/10 across 11 companies.
2024 Q4–2026 Q2. Each earlier point averages the available scores of this quarter’s 11-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 Computer Hardware group's average sentiment score rose from 7.82 to 8.36, a 0.55 gain, as an AI-driven memory and NAND supercycle pushed component costs up while handing pricing power to storage and server makers. Pricing-pressure theme flags fell from 2 to 0 and cost-pressure flags eased from 7 to 6, so rising input costs now read as a demand signal rather than a squeeze. Six of the eleven names moved: Supermicro (SMCI) climbed from 7 to 9, D-Wave (QBTS) from 2 to 4, Arista Networks (ANET) from 9 to 10, NetApp (NTAP) from 8 to 9, and HP Inc. (HPQ) from 5 to 6, while Dell Technologies (DELL) was the lone decliner.
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 | 9 | 9 |
| Enterprise Spending | 7 | 7 |
| Supply Chain | 6 | 24 |
| CAPEX | 3 | 3 |
| Regulation Policy | 3 | 3 |
% 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.