S&P 500 Q2 earnings surge 41.7% on strong beats, boosted by Micron and Alphabet

Earnings

โดย Zacks Investment Research·

Summary · why it matters

For the 386 S&P 500 companies that have reported second-quarter results, representing 77.2% of the index, total earnings are up 41.7% from a year ago on 14.8% higher revenues, with 83.7% beating EPS estimates and 77.2% beating revenue estimates. The growth rates were boosted by Micron's blockbuster quarterly results and Alphabet's unrealized gain on its SpaceX stake; excluding those two, earnings for the remaining 384 index members would be up 19.6% on 13.6% higher revenues. The Tech sector remains a critical growth pillar, with expected Q2 earnings growth of 93.6%, though that figure drops to 31.4% when excluding Nvidia, Micron, and Alphabet. Full-year 2026 earnings estimates have been rising since March, with the most pronounced gains in Energy, Basic Materials, Tech, Industrials, Utilities, and Business Services sectors, while Transportation, Autos, Medical, and Consumer Discretionary have seen estimate cuts.