Q2 2026 Earnings Surge: How 50.4% Growth and Sector Rotation Are Reshaping the Market
The S&P 500 sits at 7,785 as of Monday's close, about 14 points off last week's record high, up 16% year-to-date, and quietly pricing in one of the best earnings seasons in five years. With 88% of index companies now reported, Q2 2026 blended earnings per share growth stands at 50.4% year-over-year, per FactSet's August 7 Earnings Insight. That is the highest growth rate since Q2 2021's 91.6%, and it came in nearly double the 23.1% consensus estimate analysts set at the start of July.
Read our analysis of S&P 500 sector rotation and AI capex here .
Key Takeaways Q2 2026 blended EPS growth hit 50.4% year-over-year, more than twice the 23.1% consensus from June 30, per FactSet data through Augus…
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