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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 Hardware, Equipment & Parts industry is 8.8/10 across 12 companies.
2024 Q4–2026 Q2. Each earlier point averages the available scores of this quarter’s 12-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.
Average sentiment across the group rose from 8.42 to 8.75, with four scores moving up and none moving down. Keysight rose from 9 to 10, and Garmin, Teledyne, and Fortive each climbed a notch, Garmin from 8 to 9, Teledyne from 8 to 9, and Fortive from 5 to 6. AI data center and power infrastructure demand ran through nearly every narrative, with memory pricing, softer consumer units, and slower communications end markets the main offsets. Pricing pressure surfaced in three narratives this quarter, up from 2, while cost pressure eased from 4 to 3.
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 |
|---|---|---|
| CAPEX | 10 | 91 |
| AI & Tech | 8 | 8 |
| Supply Chain | 7 | 1114 |
| Trade & Tariffs | 4 | 22 |
| Consumer Demand | 3 | 21 |
% 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.