# A Top Down View of the Earnings Surge

Page: https://stenobird.com/podcast/notes-on-the-week-ahead-645171/a-top-down-view-of-the-earnings-surge
Text version: https://stenobird.com/podcast/notes-on-the-week-ahead-645171/a-top-down-view-of-the-earnings-surge.md
Podcast: [Notes on the Week Ahead](https://stenobird.com/podcast/notes-on-the-week-ahead-645171)
Published: 2026-07-20T09:52:17+00:00
Episode link: https://notesontheweekahead.podbean.com/e/notwa-audio-0720/
Audio file: https://mcdn.podbean.com/mf/web/ghgru4rcb4fn5bbb/notwa_audio_072026_v1a33u3.mp3
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JSON: https://stenobird.com/v1/public/podcasts/notes-on-the-week-ahead-645171/episodes/a-top-down-view-of-the-earnings-surge
Duration seconds: 935

## Resource

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.

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## Transcript

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