Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Amdocs (NASDAQ: DOX) and the best and worst performers in the it services & other tech industry.

The IT and tech services subsector is poised for growth as businesses accelerate cloud adoption, AI-driven network automation, and edge computing deployments. While these seem like big, nebulous trends, they require very real products like switches and firewalls as well as implementation services. On the other hand, challenges on the horizon include intensifying competition from cloud-native networking providers, regulatory scrutiny over data privacy and cybersecurity, and potential supply chain constraints for networking hardware. While AI and automation will enhance network efficiency and security, they also introduce risks related to algorithmic bias, compliance complexity, and increased energy consumption.

The 20 it services & other tech stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 6.8% while next quarter’s revenue guidance was 5.6% above.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Amdocs (NASDAQ: DOX)

Powering the digital experiences of approximately 400 communications companies worldwide, Amdocs (NASDAQ: DOX) provides software and services that help telecommunications and media companies manage customer relationships, monetize services, and automate network operations.

Amdocs reported revenues of $1.17 billion, up 3.9% year on year. This print exceeded analysts’ expectations by 0.5%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ full-year EPS guidance estimates and revenue guidance for next quarter meeting analysts’ expectations.

We are building this strategy on our strong business foundations, as demonstrated by solid Q2 results which show healthy sales, strong customer relationships and consistent operating execution," said Shimie Hortig, president and chief executive officer of Amdocs Management Limited.

The market seems disappointed with the results as the stock is down 15.7% since reporting and currently trades at $50.53.

Read our full report on Amdocs here, it’s free.

Best Q1: Applied Digital (NASDAQ: APLD)

Pivoting from its origins in cryptocurrency mining to become a key player in the AI infrastructure boom, Applied Digital (NASDAQ: APLD) designs and operates specialized data centers that provide high-performance computing infrastructure for artificial intelligence and blockchain applications.

Applied Digital reported revenues of $126.6 million, up 139% year on year, outperforming analysts’ expectations by 67.3%. The business had an incredible quarter with a beat of analysts’ EPS estimates.

Applied Digital scored the biggest analyst estimate beat among its peers. The market seems happy with the results as the stock is up 34.8% since reporting. It currently trades at $37.46.

Is now the time to buy Applied Digital? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Everforth (NYSE: EFOR)

Evolving from its roots in IT staffing to become a high-end technology consulting powerhouse, Everforth (EFOR) provides specialized IT consulting services and staffing solutions to Fortune 1000 companies and U.S. federal government agencies.

Everforth reported revenues of $968.3 million, flat year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts’ expectations.

Everforth delivered the weakest guidance update in the group. As expected, the stock is down 56.4% since the results and currently trades at $17.61.

Read our full analysis of Everforth’s results here.

HP (NYSE: HPQ)

Born from the legendary Silicon Valley garage startup founded by Bill Hewlett and Dave Packard in 1939, HP (NYSE: HPQ) designs and sells personal computers, printers, and related technology products and services to consumers, businesses, and enterprises worldwide.

HP reported revenues of $14.41 billion, up 9% year on year. This number topped analysts’ expectations by 3.6%. Overall, it was a stunning quarter as it also logged a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.

The stock is down 14.2% since reporting and currently trades at $21.88.

Read our full, actionable report on HP here, it’s free.

NetApp (NASDAQ: NTAP)

Founded in 1992 as a pioneer in networked storage technology, NetApp (NASDAQ: NTAP) provides data storage and management solutions that help organizations store, protect, and optimize their data across on-premises data centers and public clouds.

NetApp reported revenues of $1.95 billion, up 12.5% year on year. This print surpassed analysts’ expectations by 4.1%. It was a stunning quarter as it also put up a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.

The stock is up 8.5% since reporting and currently trades at $154.50.

Read our full, actionable report on NetApp here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.