Episode
A Top Down View of the Earnings Surge
- Podcast
- Notes on the Week Ahead
- Published
- Jul 20, 2026
- Duration seconds
- 935
- Processing state
not_requested- Canonical source
- https://notesontheweekahead.podbean.com/e/notwa-audio-0720/
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Summary
The earnings season has started with a blast. As of Friday morning, 49 of the S&P500 companies had reported second-quarter earnings, with 85% beating expectations and the index on track for a blockbuster 23% year-over-year gain for the quarter. According to FactSet, analysts now expect S&P500 operating earnings to reach $340.74 for 2026 as a whole, up 24% from 2025, following strong back-to-back gains of 10% and 13% in 2024 and 2025 respectively.