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Tellvest Earnings Pulse
Earnings Pulse — calendar Q3 2026
Latest report81 companies with scores for calendar Q3 2026 · 581 for calendar Q2 2026
Reporting periods mapped to calendar Q3 2026: each company’s fiscal quarter is placed in the calendar quarter that contains the month it ends. Company rows show their own fiscal quarter.
Average earnings-call score
Average of the 1–10 scores of all 81 companies with scores for this period. 10 is most positive.
- Compared with the prior period
- 7.2/10 in calendar Q2 2026 (581 companies with scores). Each average uses every score for its own period. The change counts only the 81 companies scored in both quarters.
- Interactive view
- Economy for calendar Q3 2026 →
Sectors
Average score by sector, for sectors with at least 3 companies with scores in this period.
Most optimistic
| Sector | Average | Companies |
|---|---|---|
| Technology | 8.9/10 | 33 |
| Financial Services | 8.0/10 | 4 |
| Industrials | 7.4/10 | 5 |
Least optimistic
| Sector | Average | Companies |
|---|---|---|
| Consumer Defensive | 6.0/10 | 15 |
| Consumer Cyclical | 6.0/10 | 18 |
| Healthcare | 7.3/10 | 6 |
Sector change vs calendar Q2 2026
Improving most
| Sector | Prior → this | Change | Matched |
|---|---|---|---|
| Financial Services | 7.8 → 8.0 | +0.3 | 4 |
| Technology | 8.8 → 8.9 | +0.1 | 33 |
Declining most
| Sector | Prior → this | Change | Matched |
|---|---|---|---|
| Healthcare | 7.8 → 7.3 | −0.5 | 6 |
| Consumer Cyclical | 6.3 → 6.0 | −0.3 | 18 |
| Industrials | 7.6 → 7.4 | −0.2 | 5 |
Matched companies: each average uses only companies with scores in both periods, and a sector needs at least 3 of them. The change is calculated before rounding, so it can differ by 0.1 from the gap between the two rounded averages.
Company movers
Largest score changes among active companies with scores in both calendar Q2 2026 and calendar Q3 2026. Each link opens the company page at the fiscal quarter behind the current score.
Of 81 active companies with scores in both periods: 22 rose, 26 fell, 33 unchanged.
Largest gains
| Company · fiscal quarter | Score (prior → this) | Change |
|---|---|---|
| Best BuyBBY · opens FY2027 Q2 | 6 → 9 | +3 |
| Campbell Soup CompanyCPB · opens FY2026 Q4 | 1 → 4 | +3 |
| HP Inc.HPQ · opens FY2026 Q3 | 6 → 9 | +3 |
| Deere & CompanyDE · opens FY2026 Q3 | 6 → 8 | +2 |
| FactSetFDS · opens FY2026 Q4 | 5 → 7 | +2 |
Largest declines
| Company · fiscal quarter | Score (prior → this) | Change |
|---|---|---|
| Conagra BrandsCAG · opens FY2027 Q1 | 6 → 3 | −3 |
| Darden RestaurantsDRI · opens FY2027 Q1 | 9 → 6 | −3 |
| GameStop Corp.GME · opens FY2026 Q2 | 8 → 5 | −3 |
| Cooper Companies (The)COO · opens FY2026 Q3 | 6 → 4 | −2 |
| Credo Technology Group Holding LtdCRDO · opens FY2027 Q1 | 10 → 8 | −2 |
Equal changes are listed in ticker order (A–Z). When more companies tie for fifth place than fit, the first tickers alphabetically are shown.
Macro themes
Theme signals (flags) recorded from calls mapped to this period, and how management characterized them.
| Theme | Flags | Improving | Deteriorating | Other |
|---|---|---|---|---|
| AI & technology | 34 | 34 | 0 | 0 |
| Inflation | 32 | 0 | 20 | 12 |
| Consumer spending | 32 | 2 | 14 | 16 |
| Capital expenditure | 25 | 23 | 0 | 2 |
| Enterprise spending | 24 | 16 | 0 | 8 |
| Supply chain | 22 | 2 | 15 | 5 |
A flag is one theme signal recorded from a call; a company can contribute more than one. Other = flags recorded with any other direction (mixed, stable or not mentioned). Up to six themes, most-flagged first.
Theme change
Change in the number of companies flagging each theme, among companies with earnings records in both periods.
Gaining attention
| Theme | Companies (prior → this) | Change |
|---|---|---|
| Capital expenditure | 14 → 25 | +11 |
| Credit | 4 → 9 | +5 |
| Inflation | 27 → 32 | +5 |
| Supply chain | 18 → 22 | +4 |
Losing attention
| Theme | Companies (prior → this) | Change |
|---|---|---|
| Trade & tariffs | 29 → 18 | −11 |
| AI & technology | 40 → 33 | −7 |
| Consumer spending | 36 → 32 | −4 |
| Labor market | 9 → 7 | −2 |
These are company counts, not flags: how many companies with earnings records in both periods flagged each theme. They are not comparable with the flag counts above. Up to four themes each way.
Analysts who pushed hardest
| Analyst | Challenging | Questions |
|---|---|---|
| Michael LasserUBS | 69% | 9 of 13 |
| Rob MoskowTD Cowen | 67% | 4 of 6 |
| Erik WoodringMorgan Stanley | 60% | 3 of 5 |
| Vivek AryaBank of America | 50% | 3 of 6 |
| Amit DaryananiEvercore ISI | 43% | 3 of 7 |
Share of each analyst’s questions scored as challenging (minimum 5 questions). Up to five analysts.
How to read this
Period. A report covers reporting periods mapped to one calendar quarter, not calls held in that quarter. A retailer’s fiscal Q2 can map to calendar Q3; each company row names its fiscal quarter.
Counts. “Companies with scores” counts companies with a recorded score for the period. It is not a count of every company that reported.
Comparisons. Each average score uses that period’s full set of scores. The change in the average counts only companies scored in both periods. Sector change and company movers use matched companies: only those with scores in both periods. Theme change uses companies with earnings records in both periods.
Updates. Figures are calculated from the scores currently recorded, so a report can change when scores are added or revised.
How to read Tellvest Earnings Pulse · How to read the Economic Sentiment Index
Built from SEC filings and public earnings transcripts. Descriptive analysis, not investment advice. Explore any company at tellvest.com/companies.