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What Companies Talk About on Earnings Calls

Average mentions per S&P 500 earnings call, rolling 90 days

AI: 11.5 on Oct 22, 2026+10.6 since Dec 4, 2021

1 of 4 series is above their level a year earlier

YTD1y2y5y10y20yAll
ForecastOffContinuationForesight™
Show ▾
U.S. recessionsShades the months the NBER dates as recession. U.S. charts only.High and lowMarks the highest and lowest readings in the window shown.
Current·Data to Oct 22, 2026

Plays the chart through its history. Pauses are where the data set a record or moved most.

AI · Continuation · the recent trend, flattening · 30 days

Tariffs · Continuation · the recent trend, flattening · 30 days

Layoffs · Continuation · the recent trend, flattening · 30 days

Recession · Continuation · the recent trend, flattening · 30 days

Dashed: the projection from the latest reading. A projection, not a promise.

From Palanor Discourse, which reads every S&P 500 earnings call and release.

The topics executives raise when they speak to investors. AI talk has grown steadily, while tariffs and recession come and go with events.

What this chart reads

Sources

AI Mentions per Call (Discourse). Source: Palanor derives this signal from management discourse documents. The source is discourse; the series identifier is discourse.mentions.ai.

Tariff Mentions per Call (Discourse). Source: Palanor derives this signal from management documents supplied by Discourse. The measure aggregates tariff mentions across documents over a trailing ninety-day window.

Layoff Mentions per Call (Discourse). Source: Palanor extracts and codes language from public company documents including earnings call transcripts. The series aggregates mention frequency across the trailing 90-day window.

Recession Mentions per Call (Discourse). Source: Palanor derives this series from transcripts of public-company earnings calls and presentations. The discourse source aggregates mentions across all available transcripts on a trailing ninety-day basis.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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